Asiana Corp (ASIC) 5000 Student China School Deal
01 8월 2008 - 1:47AM
PR Newswire (US)
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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