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Beijing, China March 18, 2008 -All Asia Licensing Inc. (Pink Sheets – “AASI”, here after “All Asia”) As the bridge into and out of China, All Asia is the conduit for investors to access the rapidly growing Chinese economy and to the unique projects within our company. All Asia is pleased to announce that it has entered in to a Memorandum of Understanding (MOU) with Lonma Entertainment International Co. Ltd. (“Lonma”) to acquire the assets of Lonma, a corporation based in Beijing, China.
Website: http://www.lonmaentertainment.com
Lonma is China’s largest animation production company with clients from Japan to Korea and a number of specialized branches and wholly owned subsidiaries including a media company and a digital technology company. Lonma provides one-stop animation outsourcing services to meet the many professional demands of both overseas and domestic clients. Lonma, one of the most influential companies in the Chinese animation industry, is currently working with the Ministry of Education, Ministry of Culture, State Administration of Radio and TV (SARFT) and over 320 Chinese TV stations. Lonma has produced 3D animation and images for movies, films, special effects, visual effects projects, architectural effects, restoration of cultural relics and historical sites, and product presentations.
Anthony Lee, CEO of All Asia Licensing states: “We have been building this relationship with Lonma for some time now and we are very excited to enter into this MOU with Lonma. The 3D animation and online gaming industries is one of the fastest growing sectors in not only China but the entire world. With Lonma as our partner we will be in the forefront of this industry, propelling All Asia’s profitability while simultaneously building shareholder value.”
About the Companies:
ALL ASIA LICENSING INC- Duly incorporated in the state of Nevada, doing business internationally with a main focus on China, All Asia acts as a bridge into and out of China. It is the conduit for investors to access the rapidly growing Chinese economy and to the unique projects within our company. All Asia specializes in engaging businesses seeking to expand by assisting them in entering the vastly complicated Chinese market place. By acquiring a controlling stake in unique Chinese businesses, providing capital and international minded management, All Asia enables these companies to prosper in their own industries and compete effectively in the global market place. Working with small to medium sized companies, All Asia assists its’ unique clients by using a comprehensive suite of services which include, business management, consulting services and business support networks.
Lonma Entertainment International Co., Ltd- A corporation based in Beijing, China and founded in 2004, Lonma has become one of the most influential companies in the Chinese animation industry. Lonma has produced 3D animation and images for many sectors including animation movies, TV animation films, movie and TV stunts, visual effects projects, architectural effects, restoration of cultural relics and historical sites, planning of urban roads and bridges, and product animated presentations. Lonma is China’s largest animation production company with a number of specialized branches and wholly-own subsidiaries including a media company and a digital technology company. Lonma provides one-stop animation outsourcing service to meet the many professional demands of overseas and domestic clients alike.
For more information, contact our Investor Relations:
Tel: +1866 575 6854
Email: ir@allasialicensing.com
Safe Harbor Statement:
“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.
SOURCE: All Asia Licensing, Inc.
URL: http://www.allasialicensing.com
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