American Pacific Rim Commerce Group Signs Letter of Intent to Enter Into Asset Purchase Agreement
09 April 2009 - 11:15PM
Marketwired
American Pacific Rim Commerce Group (PINKSHEETS: APRM)
(www.aprcg.com) announced today the signing of a Letter of Intent
(LOI) to enter into an Asset Purchase Agreement to acquire the
assets of Hybrid Shop (U.S.A.) Limited, a wholly owned subsidiary
of CUP Privilege Marketing Limited, a Hong Kong Corporation.
Concurrently, the Company also agreed to an Exclusive Rights
Agreement with Tutamen Limited CN, a Peoples Republic of China
registered Representative Company, to utilize its existing license
and all rights to conduct business in China for 99 years.
Under the terms of the LOI the acquisition and licensing will be
non-dilutive to the shareholders of American Pacific Rim Commerce
Group.
The parties have until April 30, 2009 to finalize the Asset
Purchase Agreement or the Letter of Intent will expire unless
extended by the parties. Further details of the Letter of Intent
are subject to a non-disclosure, non-circumvent provisions which
prevents the parties from discussing the terms and conditions until
such time as the parties enter into the Asset Purchase
Agreement.
Stay up-to-date with events by joining APRM's Alert List:
http://www.aprcg.com/email_alerts.htm
ABOUT APRM:
American Pacific Rim Commerce Group is a development stage
Company marketing "Made in the USA" products and services
manufactured by U.S. Small and Medium Size Businesses (SME) to
consumers in Hong Kong and China through its proprietary e-commerce
platform. APRM is the first mover in the space to provide
transactional-based solutions for small and medium sized U.S.
businesses to promote, sell and communicate with willing buyers in
Hong Kong and China. APRM provides real-time promotion; sales,
logistics and currency conversion in the form of modular
e-strategies that we believe will establish our e-commerce backbone
as the leading on-line marketplace between Chinese consumers and
U.S. businesses. The Company anticipates launching its branded web
space 'mymyj,' which loosely translated in Chinese, means "Buy
& Sell Festival" in the third quarter of 2009.
ABOUT HYBRID SHOP (U.S.A.) LIMITED:
Hybrid Shop (U.S.A.) Limited is a Hong Kong Corporation (a
wholly owned subsidiary of CUP Privilege Marketing Limited a Hong
Kong Corporation) and provides technology and software solutions
for B2B and B2C transactions. Hybrid Shop (U.S.A.) Limited is a
complete solution for U.S. companies looking to provide goods,
products and services to the growing Asian markets. Hybrid Shop
(U.S.A.) Limited handles all data center services including server,
hardware, software and network hosting. Hybrid Shop (U.S.A.)
Limited is a well recognized sub-contractor for the U.S. companies
seeking translation, logistic and transactional platforms for
reaching the diverse cultures of the Asian market.
Safe Harbor Disclosure:
This release includes "forward-looking statements" within the
meaning of the federal securities laws, identified by such terms as
"believes," "looking ahead," "anticipates," "estimates" and other
terms with similar meaning. Although the Company believes that the
assumptions upon which its forward-looking statements are
reasonable, it can give no assurance that these assumptions will
prove to be correct. Important factors that could cause actual
results to differ materially from the Company's projections and
expectations are disclosed in the Company's filings. All
forward-looking statements in this release are expressly qualified
by such cautionary statements and by reference to the underlying
assumptions.
CONTACT INFORMATION: American Pacific Rim Commerce Group 2985
West Hwy 318, Citra FL 32113 Raymond Talarico Tel: (352)
591-1785
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