AsiaPac Capital Services Initiates Approval Process for Second Mini-Hydro Plant in Philippines

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Toronto, Canada – (For immediate release)

AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), has begun the submission process with the Renewable Energy Management Bureau (REMB) of the Philippine Department of Energy to build an approximately 8 Megawatt hydro station on the Siffu River located in the municipality of Paracelis, Mountain Province. This application has been initiated by the Company’s renewable energy subsidiary; AsiaPac Green Renewable Energy Corp. This is the second mini-hydro power installation initiated by the Company this year.

The Company has retained the services of Vergel 3 Consult of Quezon City as the principal consultant and engineer to provide the feasibility study and detailed engineering design work for the project.

The initial plans call for a run-of river style power system, with a small weir (or hydro dam) and diversion of water via headrace of approximately 4,000 meters flowing into a surge tank facility and a 271 meter long penstock (pipeline) feeding into the powerhouse which will house the turbines. It is estimated that this facility will generate somewhere in the order of 8 MW of power. This is based on a preliminary hydrologic study.

Power is expected to be sold to the Mountain Province Electric Cooperative, Inc. (MOPRECO).
Company President, Mr. Samuel Lee, advises; “Our work plan is designed to meet the rules and regulations of the Renewable Energy Law, RA 9513 in order to qualify for the various government incentive programs available from the Department of Energy. These incentives include duty free importation of equipment; a 7 year tax holiday; and zero value added tax; tax exemption from the sale of carbon credits, among others.”

In related news, the Company anticipates beginning the full feasibility study on its previously announced Talubin Run-of River project, located in Sagada, Mountain province as soon as funding is in place from its pending deal with Interline Management. This represents a contract commitment of Php 2.8 million, or roughly €46,000.

The full feasibility study will take 4-6 months to complete, and includes the following components:

• Topographic Survey
• Geologic and Geotechnical investigation
• Social and environmental impact study
• Hydrologic Investigation and analysis
• Hydraulic study
• Power supply and demand analysis
• Outline of design of plant facilities
• Cost estimates and financial/economic viability study
• Submission of final reports for REMB and DOE approval of the final project.

Given the Philippines growing reliance on hydropower, and its active encouragement of new hydropower facilities, AsiaPac is well positioned to take advantage of the various incentive programs, and make an important contribution to further development of renewable power generation. Currently, more than 10% of total power generation in the Philippines is from Hydropower, up significantly from 5.4% in 2007.

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

AsiaPac Capital Services Starts Construction of 500KW BioGas Project in Philippines

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Toronto, Canada – (For immediate release)

AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), has begun construction of a biogas electrical generation project to generate electricity using farm waste from 300 sows and 200 cows, through its wholly owned subsidiary Asiapac Green Renewable Energy Corp.

A biogas digester is under construction, which will generate methane gas to be used to generate electricity to power the farm. The methane gas generated will be used as fuel to run an electrical generator on site to meet the electrical needs of the farm. Any excess electricity will be fed back into the electrical grid.

Under the Build, Operate and Transfer (BOT) agreement, the farm will pay AsiaPac approximately Php 200,000 per month (€3,300) for a period of 8 years, after which the farm will take ownership of the facility. This is based on the farm’s current monthly electricity costs. The power generator will be rated for 500KW, with an estimated construction cost of approximately €150,000 contrasted to roughly €300,000 in revenue during the corresponding period.

In addition, AsiaPac will retain all revenues associated with carbon credits for which the facility may be eligible.

Company President, Mr. Samuel Lee, advises; “Based upon the results, we may look for additional similar projects throughout the Philippines. As our investors may be aware, the Philippine government is anxious to reduce its reliance on imported energy products, and become self-sufficient. This is an excellent application of green technology that has multiple benefits socially, economically and from an environmental standpoint. Pollution from animal waste, and importantly, emission of green house gases will be significantly reduced, and the residual sediment from the biogas generation will be suitable as fertilizer.”

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

AsiaPac Capital Services to Acquire Rodeo Drive Logistics

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Toronto, Canada – (For immediate release)

AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), has reached an Agreement in principal to acquire 100% of Rodeo Drive Company, a Philippines based logistics company. The acquisition will be made on an all cash basis, with the deal valued at 22 million PHP, equivalent to approximately $481,000 USD or €362,000, and is being acquired by Greenworld Warehousing and Logistics, a subsidiary of AsiaPac Cargo.

Rodeo Drive is an import/export and logistics company catering to the semiconductor export market, more specifically semiconductor components and supplies. It is located in the Subic Bay Economic Zone, the former U.S. navy base in the northern Philippines. Its customer base includes Asahi technologies; Pentax Optical; Yazaki Mfg; Mizuho Packaging; and Zimitsu Semiconductor Co. amongst others.

Sales for Rodeo Drive were PHP 54 million with a net profit of PHP 2.176 million for the year ending 2009. Sales for 2010 are projected to increase dramatically based on the recent rebound in the export of electronics worldwide and are projected to reach PHP 80 million with a net profit of PHP 6 million, equivalent to €9 million and just under €100,000 respectively.

AsiaPac will continue to look for expansion opportunities through acquisition of companies in its core business sectors, which include logistics, mining, renewable energy and IT solutions.
Mr. Samuel Lee notes; “Shareholders should note the number of developments that are bringing positive value to the Company, and the injection of funds from the previously announced upcoming deal with Interline will allow AsiaPac to bring many of its pending business projects online in a timely manner. In short, the long-term outlook for the Company remains very optimistic.”

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.
557A Eglinton Ave West,

Toronto, Canada M5N 1B5

Phone: 1-416-800-2080

Email: info@asiapaccapital.ca
          
investor@asiapaccapital.ca

AsiaPac Capital Services Initiates Pre-Development Process of Mini-Hydro Plant in Philippines

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Toronto, Canada – (For immediate release)

AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), has begun the submission process with the Renewable Energy Management Bureau (REMB) of the Philippine Department of Energy to build an approximately 4 Megawatt hydro station on the Talubin River located in Sagada, Mountain Province. This application has been initiated by the Company’s renewable energy subsidiary; AsiaPac Green Renewable Energy Corp.

The Company has retained the services of Vergel 3 Consult of Quezon City as the principal consultant and engineer to provide the feasibility study and detailed engineering design work for the project.

The 4 megawatt hydro station capacity is based on a preliminary hydrologic study by Vergel 3 Consult, and will be finally determined based on the results of a comprehensive feasibility study.
Company President, Mr. Samuel Lee, advises; “This is one of several hydro projects that we intend to develop. At this point, there is still additional paperwork and financial undertakings before we will receive official approval for the project, but we are confident that we can meet all of the remaining requirements of the REMB to get a green light for the project.

Hydro power is one of the keystone areas in our renewable energy division, that also encompasses our previously announced Jatropha plantation for the generation of biodiesel. We are also looking at solar and wind power projects in the Philippines.

It is important to note that there are many government incentives to initiate renewable energy projects in the Philippines, as the government is very desirous of reducing its reliance on imported oil and gas products. We believe we are well positioned to move forward with these projects under a favorable investment climate.”

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.
557A Eglinton Ave West,

Toronto, Canada M5N 1B5

Phone: 1-416-800-2080 
Email: info@asiapaccapital.ca
          
investor@asiapaccapital.ca

AsiaPac Capital Services to Enter Biodiesel Market

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Toronto, Canada – (For immediate release)

AsiaPac Capital Services Ltd.,: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), announced today that it’s Philippines based subsidiary, Asiapac Green Renewable Energy Corp. has entered into an agreement to set up a plantation to grow Jathropa plants from which biodiesel fuel will be processed.

The Company has entered into a revenue sharing agreement with a group that owns 300 hectares of land (approximately 741 acres) which will be converted into a Jathropa plantation. Under the agreement, AsiaPac will be responsible for the initial planting, harvesting and processing of the Jathropa, and the landowners will earn a 20% share of the gross revenues generated therefrom.
The plantation, located in Calabanga, Camarinas Sur in the Philippines has a land value estimated at $6.7 million. It will cost the Company roughly $400,000 to plant the Jathropa, and bring the plantation into production. Harvesting of the first crop of fruit will take approximately 6 months after planting.

Initially, the fruit will be sold to existing third party processors in the Philippines as well as China. Preliminary agreements cover the entire crop, anticipated to be in the order of 6,000 tons of fruit per annum, from which 700,000 liters of bio-diesel can be processed. Annual revenue is projected at $800,000 for the plantation, and the Company intends to expand the plantation to roughly 5,000 hectares within the next two years, based on initial results with the crop.
The Company also intends to raise sufficient capital to bring processing of the plant in-house, thereby maximizing the potential profitability form the endeavor.

Company President, Mr. Samuel Lee, noted; “In many ways, Jathropa is superior to traditional feed stocks being used to process bio-fuels. Perhaps the most important, is that it does not use food stock such as corn as an input, and therefore does not transfer crops out of the food chain where it can be better used to feed poorer countries.”

The Jathropa plant is native to Central America, and bears fruit which, although toxic to humans, contains between 27% and 40% oil, depending on the genus and soil conditions. Goldman Sachs recently cited Jatropha curcas as one of the best candidates for future biodiesel production.
Seed yields under cultivation can range from 1,500 to 2,000 kilograms per hectare, corresponding to extractable oil yields of 540 to 680 liters per hectare (58 to 73 US gallons per acre). Time Magazine recently cited the potential for as much as 1,600 gallons of diesel fuel per acre per year.
The Company will be releasing further information on the project, and Jathropa generated bio-diesel at its website (http://www.asiapac-renewables.com) in the near future.
Disclaimer & Safe Harbor Statement: 

This release includes forward looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. “Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995.



For further information please contact: 


AsiaPac Capital Services Ltd.
557A Eglinton Ave West,

Toronto, Canada M5N 1B5

Phone: 1-416-800-2080 

Email: info@asiapaccapital.ca
          
investor@asiapaccapital.ca