BEIJING, July 31 /PRNewswire-FirstCall/ -- Asiana Corporation - http://www.asianacorporation.com/ - PINK SHEETS: ASIC - is pleased to announce that it has signed a formal agreement to merge with a Chinese based school. The school, located in Beijing, has a student base of 5,000 students in Beijing and also maintains several smaller schools throughout North America. The merger will see the issuer ASIC receiving a lump sum payment of $400,000.00 and a majority stock position with ASIC. The buyer, Mr. XIAOHUA GONG (Edward Gong), a Chinese national, has been on a buying spree as of late. "Asiana is the 2nd company Mr. Gong has recently acquired a majority position in," said Mr. Xu, Asiana's CEO. Mr. Xu added, "This transaction may see the entire transformation of Asiana business model from the money transfer business to this lucrative school business Mr. Gong operates." In other corporate updates, as previously announced the issuer continues to entertain the asset buyout proposal from a complete and a separate unrelated party, namely, Good Life China. Good Life is seeking to assume control of the issuer's Chinese money transfer license for their use through the acquisition of ASIC assets. Mr. Xu in closing said, "The buyer is much better capitalized and has the infrastructure to deliver the services available to the end user, throughout China. For Asiana we are looking at ways to increase values for our shareholders and both of these deals may be the missing ingredients we were looking for." Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition. CONTACT: http://www.minamargroup.com/helpdesk CONTACT: http://www.minamargroup.com/helpdesk DATASOURCE: ASIANA Corporation CONTACT: http://www.minamargroup.com/helpdesk

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