Aspire Provides Additional Information About Recently-Announced Investment in Eternite International
19 July 2011 - 1:30PM
Aspire International Inc. (Pink Sheets:APIT) today announced that
the investment it recently made in Eternite International Company
Limited, a luxury diamond jewelry provider based in Hong Kong, was
for a total cash consideration of HK$17,784,000 (approximately
US$2,300,000).
The company considers this a strategic move as it develops a
sales and marketing alliance with Eternite, with Aspire expecting
to play a leading role in marketing Eternite's luxury diamond
jewelry to consumers in both mainland China and North America.
About Eternite International Company
Limited
Eternite International Co. Ltd., through its operating
subsidiaries, provides high-quality diamond jewelry on a wholesale
basis to customers worldwide. Until the opening of its first retail
store in Macau in late 2010, the group operated solely at the
wholesale level since the founding of its original company in 1999.
Eternite designs and creates a wide assortment of diamond rings,
earrings, bracelets, pendants, bangles, and necklaces.
In October of 2009, Eternite was listed on the Growth Enterprise
Market (GEM) of the Hong Kong Stock Exchange. It currently trades
under the ticker 8351. For more information visit
www.eternity-jewelry.com.
About Aspire International Inc.
Aspire International Inc., www.aspireinternationalinc.com, is a
U.S. corporation whose executive offices are in Toronto, Ont.,
Canada. Aspire is an emerging holding company focused on resource,
ecommerce and high-tech projects.
The company recently acquired and now operates a Hong Kong-based
international B2C shopping mall, www.mygos.net, "My Global Online
Shop" (Mygos) – an ecommerce platform that enables anyone to start
his or her own business online. Mygos currently hosts over 80,000
active stores.
Aspire also intends to acquire, explore and develop world-class
mineral properties in the Guangxi Zhuang Autonomous Region of
southwestern China, prospective in particular for manganese and
gold.
The company's principal manganese mining target is a property
that covers an area of 21.3 square kilometers containing 7.4
million metric tons of ore according to an NI 43-101 compliant
report certified by a qualified geologist with more than thirty
years experience. The on-site operations are led by a highly
capable Chinese management team.
Recently a LOI was executed to acquire a majority interest in a
3.95 square kilometer concession (also located in the Guangxi
Zhuang Autonomous Region) known to contain a minimum of five zones
of gold mineralization, of which two are in production and
considered economically viable. According to government geologists
and recent geological survey work, the property may contain over
one million metric tons of commercially mineable gold-bearing ore,
with considerable additional potential to further expand the
resource.
Cautionary Note About Our Forward-Looking
Statements
All of our statements that contain other than purely historical
information, including estimates, projections, statements relating
to our business plans, objectives and expected operating results,
and the assumptions upon which those statements are based, are
"forward-looking statements" within the meaning of applicable
federal securities law. Forward-looking statements may generally be
identified by words such as "believe," "project," "expect," "may,"
"estimate," "intend," "plan," "will," "could," and similar
expressions. The Private Securities Litigation Reform Act of 1995
contains safe-harbor provisions for forward-looking statements, and
we intend that our forward-looking statements be covered by those
provisions.
Forward-looking statements are based on current expectations and
assumptions that are subject to risks and uncertainties, both known
and unknown, that may cause actual future results to differ
materially from those indicated in the forward-looking statements.
Our ability to predict future results of current plans or
strategies is inherently uncertain. Factors that could have a
material adverse affect on our future operations and prospects
include, but are not limited to: competition, interest rates,
changes in economic conditions, litigation, political and
regulatory changes, the cyclical nature of the mining industry,
technical issues inherent in the mining process, our ability to
attract and retain qualified personnel, the availability of capital
and a change in demand for minerals produced. These risks and
uncertainties should be considered when evaluating forward-looking
statements, and undue reliance should not be placed on such
statements.
We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. More information concerning our
business, including additional factors that could materially affect
our financial results, may be found in our periodic filings with
the SEC (http://www.sec.gov).
CONTACT: Investor Relations
CenterPoint Communications Group, LLC
Todd Lorenze
386-775-2020 x 1
www.centerpointcg.com