AsiaPac Capital Services Update to Shareholders
Toronto, Canada – (For immediate release) – April 13, 2012
AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP (www.asiapaccapital.ca) wishes to advise its shareholders of ongoing business developments and opportunities.
Despite the Company’s best efforts, Asiapac has not been able to find a new sponsor to support the Company on the Frankfurt Exchange, and thus has been unable to start active trading again. However, the Company is actively exploring the possibility of a merger with another listed Company in exchange for shares of the new company. This will entail either a tender offer from the new company or the distribution of a proxy statement for a formal shareholder vote.
In respect to ongoing business developments, Asiapac has received service contracts issued by the Department of Energy with respect to the Company’s mini-hydro projects for the Tanudin, Upper Siffu and Lower Siffu projects.
The Company is currently working to obtain all of the necessary local permits required before construction of these projects can begin. The Company will be seeking outside financing for these projects to fund the actual construction of the mini-hydro facilities.
Company president Samuel Lee advises that; “With all of the preparatory work completed, and agreements pending with local utilities to purchase the electricity generated, we are very optimistic that we can begin construction and have the first projects operational sometime in 2014.”
The Company is also currently working on its financial Statements for fiscal year 2011, and will post them on its website once they have been finalized.
Disclaimer & Safe Harbor Statement:
This release may contain certain “forward-looking statements” with respect to certain of AsiaPac Capital Services Ltd.’s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “may”, “could”, “would”, “might”, “will” and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause AsiaPac Capital Services Ltd.’s actual results to differ materially from those anticipated. AsiaPac Capital Services Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which AsiaPac Capital Services Ltd. operates. The actual results that AsiaPac Capital Services Ltd. achieves may differ materially from any forward-looking statements which are based on management’s beliefs and opinions at the time the statements are made. AsiaPac Capital Services Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management’s beliefs or opinions change.
For further information please contact:
AsiaPac Capital Services Ltd.
Suite 3500
Hudson Bay Center
No. 2 Bloor Street East
Toronto ON
M4W 1A8
Email: info@asiapaccapital.ca
investor@asiapaccapital.ca

