Prestige Asia and Knightsbridge Group Announce New Venture

HOUSTON and BANGKOK, Thailand, Feb. 14  /PRNewswire/ -- Prestige/Knightsbridge Group is pleased to announce the newly formed venture capital company, Asian Asset Corporation headquartered in Bangkok Thailand with the purpose of making strategic investments in growing companies around the world.

Investments have already been put in place through Prestige Asia, Knightsbridge Law and other associated entities.  Management will include Sutida Suwunnavid of Prestige Asia, Pl Lt Col Panitan Consultant to the Group, Monchai Praepriwngam of VMC Motors, Jack Yuto and Mr George of West One.  This Asian Investment Vehicle will comprise ownership and or substantial holdings in the following companies:

VMC Motors, (http://www.vmcmotors.com/) historically one of Thailand's largest motor Vehicle manufacturers is set to recommence production in its Thai Vehicle Manufacturing Plant Mid Year.  VMC produces a range of low cost Vehicles from Inter Urban delivery Vehicles with a retail price of less than $5000 USD.  The range includes Tuk-Tuks one of Asia's most popular Vehicles for Taxi Services, Larger Delivery/Work Vehicles and several small passenger cars.  VMC will produce some 250,000 vehicles in 2006-2007 going to 400,000 plus vehicles per annum over the next 3 years providing solid revenue and profits.  These Puts revenues of the VMC Autos at $1.6b USD going to $3b USD in 3 to 5 years.

Buzz Technology Group will assume the listing of Affordable Telecommunications Technology Corporation (OTC:ATCT) in the near future.  The Buzz Technology Group includes a diverse group of Telecommunications and Internet related products and services:

Buzz Search Engine

The Buzz Search Engine is directly aimed at producing accurate search results in English and all Asian languages, the results will be divided into 2 categories on a split screen 1 being pure relevance and the second being advertiser influenced.

VoIP and Buzz Instant Messenger

This product is set to become the market standard for softphones upon its release, developed on an EYEBALL (http://www.eyeball.com/) base and with a good deal of assistance from them, this softphone Delivers Multi-line High Quality Voice, Video and Data transmissions to PC and PSTN.  This softphone can choose the callout type, Landline or VoIP, receive Multiple Calls, transfer calls either VoIP or Fixed line and perform all the functions of a small business phone system but with the ability to do so from any location.

Landline Services

Buzz it is set to become a major USA has also through its co-operative agreement with USTELESIS (one of Americas Primary alternate carriers) developed its on ground backbone of connectivity and switching, thus allowing Buzz to offer local fixed line services across the USA. As representative of USTELESIS in Asia, Buzz has made solid inroads into the International Calling Market a Multibillion dollar market across Asia.

Buzz, Tramigo and Nokia are negotiating to combine to launch a USA version of http://www.tramigo.com.mx/ in early 2006.  The Buzz Tramigo business is bringing advanced telematics (GPS tracking combined with wireless communication) products to the consumer market.  The Buzz Tramigo product allows consumers to track the location and manage their vehicle(s) with their mobile phone and be notified when unexpected events such as a kidnapping, accident or break-in occur.

Wimax

Buzz is currently developing a Wimax network within Bangkok and Phuket with a view to replicate the network and mesh it together with other networks to make it an Asia-wide Service.  This will be part of the ISP network Buzz is developing.

Smartpoint

The Smartpoint concept is aimed at single point connection, either from fixed line or wireless broadband that delivers TV, Internet, Telephone, Fax, Cable, Movies and Programs on Demand on a pay per view platform.

M Power Entertainment Inc.'s initial growth has been through acquiring profitable film/TV and print/publishing companies, these companies then benefit from a reorganization, the expertise of management and marketing M Power has, as well as the substantial saving of consolidation of functions especially Marketing makes the new company a more Dynamic Sales driven Vehicle, whilst maintaining creative integrity.  For more information visit http://www.mpe.us.com/

ANYWHERE MD, INC's (http://www.anywheremd.com/) technology and software of has been extremely successful over the past 6 years in the Chiropractic Industry. Combining the forefront of technology and large marketing campaigns has ensured this success.  Computer hardware and peripherals are rapidly evolving and so must the software that runs on them.  There are development tools available now that never existed 2 years ago.  These new development tools will allow increased capabilities for the current   application, which is owned, sold, distributed and supported exclusively by ANYWHERE MD, INC.

Indocan Resources, Inc. (OTC:IDCN) is a junior mining company with claims all over Canada, particularly in the far eastern Canada with large block claims of nickel and copper on the Voisey Bay coast line.  Indocan has recently decided to re-enter the crude oil and natural gas production arena as a participant in developmental and re-entry oil and gas plays being done by various companies in Texas, Oklahoma, Alberta and British Columbia.  See our website at: http://www.indocan.com/ for more information.

Park Plaza Group has commenced work on a 54 all suite hotel in the Mission Hills area of Phuket and has 2 further projects in Phuket to develop as well as an Interest in the Groups first China project.  PPG is expected to hold in excess of $50m USD in Asian real estate investments by the end of 2006. Thailand's tourism industry is expected to generate revenue of 533 billion baht next year based on a new blueprint which envisages more aggressive marketing and promotion with the objective to turn Thailand into the tourism capital of Asia.  The Tourism Authority of Thailand (TAT) is counting on 15.12 million tourists traveling to Thai shores in 2006 Park Plaza Group has able to secure a number of major build/ develop/ manage Projects in Thailand with the help of Prestige Asia.  The projects include housing units, luxury housing and a condo project.  There is also a resort hotel project in Hainan, China currently in the planning and design stage.  http://www.parkplazaserviced.com/

Knightsbridge Law was established by a consortium of Foreign and Local interests to service the needs of the business community of the region, with the wealth of International connections the consortium brings Knightsbridge Law is set to be one of Bangkok's leading Law firms, with lawyers, accountants, securities and finance specialists it offers unparalleled services in litigation & dispute resolution, banking & finance, insolvency & restructuring, corporate & commercial, and Visa Issues.  For more information please visit http://www.knightsbridgelaw.com/

Prestige Asia has rapidly become one of Thailand's leading PR/Advertising/Consulting firms.  Prestige clients include 6 USA listed companies as well as a growing number of private company's around the world. Established as a multi channel bridge between East and West, Prestige has positioned itself to benefit from both foreign companies wanting to expand into Asia and Asian Companies looking to do business in the USA and Europe. In eight years' time trade between the USA and the ASEAN region is expected to go up from $10bn (in 2002) to $50bn (in 2010).  The rate of growth in US and EU companies moving into Asia is enormous and all of them are looking for a low-cost, politically stable base to manage their regional activities, and Bangkok is becoming attractive as prices in other major centers like Singapore and Hong Kong continue to rise.  To learn more about Prestige Asia visit http://www.prestigeasia.com/

West One Fashion

West One is one of Thailand's leading Hair/Beauty Salons currently located in Phuket Thailand, managed by 2 of Phuket's leading personalities Jack and George, West One will Capitalize on its reputation of high quality products and service to expand into the fashion Industry, Fashion is a leading export in Thailand and West One will be focused on the Top End/Export segment of the Market.

Sutida Suwunnavid, Chairperson of Asian Asset Corporation said, "We have a culturally diverse group of people, dedicated and professional, they are very focused on the task at hand, our different approaches and thoughts are part of our strength, being able to deal with the challenges of International Trade at every level," describing her associated with the above listed private and public companies.

Safe Harbor Statement

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are based on current expectations and the current economic environment.  This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.

  Contact:

  Sutida Suwunnavid
  [phone]
  

DATASOURCE: Knightsbridge Group



CONTACT:  Sutida Suwunnavid, [phone], , for

Knightsbridge Group

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