Asiapac Capital Services Inc.
Asiapac Capital Services Inc.: AsiaPac Capital Services Expects Shift in Energy Mix
Asiapac Capital Services Inc. / Key word(s): Miscellaneous AsiaPac Capital Services Expects Shift in Energy Mix Japan’s nuclear troubles represent opportunity for other sources of power. Toronto, Canada – March 29, 2011 AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www .asiapaccapital.ca), expects a shift away from nuclear and towards coal. In the short term, Japan’s economy is expected to take a big hit from the 9.0-magnitude earthquake and subsequent tsunami that hit Japan recently, forcing the shut-down of 11 of Japan’s 54 nuclear power plants – which accounted for 30 percent of the country’s power. Worldwide, it is anticipated that many green-lighted nuclear power projects will be put on the shelf in the short-term, and there will probably be cancellations of some of these nuclear power projects. To compensate, we can expect increased demand for other traditional energy sources such as coal, oil and gas. This can have a positive impact on the Company’s Toledo Coal and Carmen Coal prospects, in Cebu, Philippines which are being developed in partnership with Core 8 Mining. Coal is already in short supply due to flooding in Australia and disruptions on the supply side from Russia and India. This comes on top of the long-term expectations that demand for coal will continue to rise to meet demand as new coal fired power plants come on stream. The IEA calculates that China currently generates more than 70% of its electricity from coal and will add more than 600 gigawatts (GW) in the next 25 years. Other analysts put the numbers even higher. In short, there are both short-term and long-term pressures to push the price of coal upwards. 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.
AsiaPac Capital Services Ltd. End of Corporate News 29.03.2011 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 |
117460 29.03.2011 |