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LOS ANGELES, Feb 25, 2008 (BUSINESS WIRE) -- All Asia Licensing, Inc. (Pink Sheets:AASI): is pleased to announce today the appointment of two key additions to the All Asia Licensing Team.
Lance Morginn joins as Chief Technical Officer. Mr. Morginn holds a degree from the Vancouver Film School's multimedia program and founded Planet City Graphics in 1996 which won worldwide recognition and became a multi-million dollar corporation within 24 months. He was also founder of Western Shores Interactive, which became a publicly listed company and had a market cap of $400 million. Along with his technical, business and multimedia acumen, Mr. Morginn has a proven track record working with Asian companies and government entities. In 2000, he was recruited to work closely with China's Ministry of Foreign Trade and Economic Co-operation "MOFTEC." He assisted in the development of a secure network that permits the dissemination of information to State owned business as well as businesses around the world. Currently, Morginn has been running FiberFeed Networks which he founded in 2003 which provides services to the web hosting - web development industry.
Martin P. Waterman joins as Chief Information Officer. He is the founder of Mentoropolis.com and StrategicDNA.com, two firms that specialize in assisting start up companies. He has over 25 years experience with helping young companies to become global, sustainable enterprises. He is also Chairman of the Board of Trafford.com, the first on-demand publisher in the world to print one perfect bound book at a time per order. Trafford was Canada's 5th fastest growing company in 2003 according to Profit Magazine. Waterman also has a background in journalism & public relations and all aspects of documentary film production and is the founder of CorporateDocumentaries.com. Waterman sits on a number of boards and advisory boards, many of which he acts as Chairman and chief strategist.
"I am thrilled to be able to announce the addition of these two professionals to the All Asia Licensing team; they both have strong records in assisting young companies and understand the new global marketplace," says Anthony Lee, CEO of All Asia Licensing. He adds, "We continue to attract and engage individuals who are adept at bridging the gap between Asian and Western commerce so that both can prosper by each other's innovations."
About All Asia Licensing (www.AllAsiaLicensing.com);
All Asia Licensing was founded to bring western technologies and products into Asia as well as to bring the best of Asia to the rest of the world. AASI's primary focus is building Brand recognition in and out of Asia with a focus on cash flow positive businesses and opportunities with great potential. Our business model is flexible and AASI can act as a licensee but it also has the capability to act as a financier and incubate companies, packaging the opportunity with the best team possible to manage, westernize and commercialize the application. This may or may not include listing it on a stock exchange. For more http://www.allasialicensing.com
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995:
Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements include, without limitation, statements concerning the impact of the settlement agreement on our future business prospects and our ability to successfully complete the commercialization of the Netsweeper products in China. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include the risk that the settlement agreement will not produce the results we intend and all of the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, as well as other risks and uncertainties affecting the Company), included in filings with the Securities and Exchange Commission, all of which are available at www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events, or otherwise.
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