(NewsDirect)
AAP, Inc. (OTC:AAPJ) is pleased to announce that the company has acquired $1.6million in real estate assets to be developed in, Makati, MetroManila, Philippines.
About Makati:
The city of Makati is the financial centre of the Philippinesand one of the major financial, commercial and economic hubs in Asia.It is one of the most populous metropolitan areas in the world, it hasthe highest concentration of multinational and local corporations inthe country. Most major banks, corporations, department stores as wellas foreign embassies are based in Makati.
Makati remains the richest local governmentunit (LGU) in the Philippines in terms of income from local sourcesand on a per capita basis. As of end-2012, Makati had registered over62,000 business enterprises, which are engaged in financial services,wholesale/retail, services, real estate, export/import, andmanufacturing. Makati also boasts of having the highest number of BPO(Business Process Outsourcing) offices in Metro Manila at 1,159companies to date, as well as the highest number of PEZA-accredited ITParks and Buildings. The city government of Makati has not increasedits tax rates since its new Revenue Code took effect in 2006. The cityhas been free of deficit for 26 years.
Paul Bakajin, CEO, stated: “We are veryexcited about this opportunity for the future of the company and itsshareholders. We anticipate acquiring substantially more assets in andaround Metro Manila in the near future. We are 100% in control ofthese real estate assets, providing us with more control over theinformation dissemination process and allowing us to provide more newsreleases and updates for our shareholders. This is something we wereunable to adequately do with prior business associations. We lookforward to building an exciting future in real estate assetdevelopment in a dynamic emerging market like the Philippines where wecan leverage the company in so many different ways, monetarily andfunctionally, ensuring a sound investment for us for thelong-term.”
Tobetter reflect the company’s new direction. Please disregard any andall past social media posts and/ or news releases. A company pressrelease will verify any new social media outlets. Currently, the onlymedia outlet is the company’s Twitter account in order to better communicate with our shareholders, please email usat info@aap-inc.com . The Company’s website is www.app-inc.com . All information can be verified at https://www.otcmarkets.com/stock/AAPJ/profile . We will be providing many more updates for our shareholders as thecompany moves in a new direction.
Disclaimer: The Company relies upon the Safe HarborLaws of 1933, 1934 and 1995 for all public news releases. The companymay make forward-looking public statements concerning its expectedfuture operations, performance and other developments. Suchforward-looking statements are estimates that reflect the company’sbest judgment based upon current information. All investments involverisks and uncertainties, and there can be no assurance that otherfactors will not affect the accuracy of such forward-lookingstatements. It is impossible to identify all such factors. Factorswhich could cause actual results to differ materially from thoseestimated by the company include, but are not limited to, governmentregulation; managing and maintaining growth; the effect of adversepublicity; litigation; competition; and other factors which may beidentified from time to time in the company’s publicannouncements.
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