Asiapac Capital Services Inc.
Asiapac Capital Services Inc.: AsiaPac Capital Services to Acquire Lewisberg Warehousing and Logistics Corp.
Asiapac Capital Services Inc. / Key word(s): Miscellaneous AsiaPac Capital Services to Acquire Lewisberg Warehousing and Logistics Corp. Toronto, Canada – (For immediate release) – March 21, 2011 AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), has reached an Agreement to acquire 100% of Lewisberg Warehousing and Logistics Corp.(Lewisberg), a Philippines based warehouse and logistics company. The acquisition will be made on an all cash basis, with the deal valued at approximately EUR300,000. Lewisberg is being acquired by Greenworld Warehousing and Logistics, a subsidiary of AsiaPac Cargo. The Freeport Area of Bataan (FAB), headed by Chairman/Administrator Deogracias G. P. Custodio, recently approved the application for registration of five companies as FAB enterprises, including Lewisberg. Lewisberg renders warehousing and logistic services for export enterprises located at the FAB. Custodio noted that prospective clients of Lewisberg include: Lindberg Subic Inc., manufacturer of high fashion frames; and Polar Marine Inc., assembler of tank cleaning equipment for ships. The company will handle storage, safekeeping, and inventory management of raw materials and production supplies of their respective clients. 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: Tel: 5254186 End of Corporate News 21.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
116234 21.03.2011 |