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LOS ANGELES, Mar 26, 2008 (BUSINESS WIRE) -- All Asia Licensing, Inc (PINK SHEETS: AASI) is pleased to announce today the appointment of David Traub to its Board of Advisors. Mr. Traub brings his vast experience and achievements in creating multiple emerging start-ups with a background in new media. He has been a keynote speaker for the Consumer Electronics Show and MacWorld, among others and has produced games for a variety of entertainment industry clients.
Mr. Traub holds a Masters in Education from Harvard with a focus on Interactive/Immersive Technologies. Some of his business clients have included Apple, Capital-EMI, Microsoft, MTV Networks/Viacom, The Rolling Stones, U2 & the Republic of China.
Mr. Traub holds numerous accomplishments including:
-- Co-raising nearly $29 million in startup acquisition capital and term sheets for startups over a ten year period.
-- Conducting global economic development, consulting and speaking engagements for such clients as the European Union, governments of Sweden, Canada, France, Berlin, Taiwan, Denmark, Norway, and others.
-- Co-enabling $1 million to produce MSN's "Second City Headline News" Internet TV show.
-- Acting as a consultant to Brazil's TV Globo, South Asia's largest network, for ten years where he founded technology that led to $5 million in yearly revenue business from TV ad insertions.
-- Developing and raising completion funds for multiple international feature films and concert series.
Anthony Lee, CEO of All Asia Licensing, states, "David has unparalleled enthusiasm and a spirit of success which has already had an influence on All Asia Licensing operations. With his strong business savvy and diverse background, we stand to benefit immensely by having David on our Board of Advisors."
In addition, we regret that Lance Morginn has postponed his appointment as Chief Technical Officer due to personal reasons and will be pleased to join the team at a later time.
About All Asia Licensing (www.AllAsiaLicensing.com):
As the bridge into and out of China, All Asia Licensing Inc. (the "Company") is the conduit for investors to access the rapidly growing Chinese economy and to the unique projects within our company. The Company is a consulting company duly incorporated in the state of Nevada, doing business internationally with the focus on China. The Company focuses on engaging businesses seeking to expand by assisting them in entering the vastly complicated Chinese market. By acquiring a controlling stake in unique Chinese and international businesses, providing capital and international minded management, Board of Directors and Advisors we enable these companies to prosper in their own industries.
"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 De-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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