Prestige Asia and Knightsbridge Group Announce New Venture
15 February 2006 - 8:17AM
PR Newswire (US)
HOUSTON and BANGKOK, Thailand, Feb. 14 /PRNewswire/ --
Prestige/Knightsbridge Group is pleased to announce the newly
formed venture capital company, Asian Asset Corporation
headquartered in Bangkok Thailand with the purpose of making
strategic investments in growing companies around the world.
Investments have already been put in place through Prestige Asia,
Knightsbridge Law and other associated entities. Management will
include Sutida Suwunnavid of Prestige Asia, Pl Lt Col Panitan
Consultant to the Group, Monchai Praepriwngam of VMC Motors, Jack
Yuto and Mr George of West One. This Asian Investment Vehicle will
comprise ownership and or substantial holdings in the following
companies: VMC Motors, (http://www.vmcmotors.com/) historically one
of Thailand's largest motor Vehicle manufacturers is set to
recommence production in its Thai Vehicle Manufacturing Plant Mid
Year. VMC produces a range of low cost Vehicles from Inter Urban
delivery Vehicles with a retail price of less than $5000 USD. The
range includes Tuk-Tuks one of Asia's most popular Vehicles for
Taxi Services, Larger Delivery/Work Vehicles and several small
passenger cars. VMC will produce some 250,000 vehicles in 2006-2007
going to 400,000 plus vehicles per annum over the next 3 years
providing solid revenue and profits. These Puts revenues of the VMC
Autos at $1.6b USD going to $3b USD in 3 to 5 years. Buzz
Technology Group will assume the listing of Affordable
Telecommunications Technology Corporation (OTC:ATCT) in the near
future. The Buzz Technology Group includes a diverse group of
Telecommunications and Internet related products and services: Buzz
Search Engine The Buzz Search Engine is directly aimed at producing
accurate search results in English and all Asian languages, the
results will be divided into 2 categories on a split screen 1 being
pure relevance and the second being advertiser influenced. VoIP and
Buzz Instant Messenger This product is set to become the market
standard for softphones upon its release, developed on an EYEBALL
(http://www.eyeball.com/) base and with a good deal of assistance
from them, this softphone Delivers Multi-line High Quality Voice,
Video and Data transmissions to PC and PSTN. This softphone can
choose the callout type, Landline or VoIP, receive Multiple Calls,
transfer calls either VoIP or Fixed line and perform all the
functions of a small business phone system but with the ability to
do so from any location. Landline Services Buzz it is set to become
a major USA has also through its co-operative agreement with
USTELESIS (one of Americas Primary alternate carriers) developed
its on ground backbone of connectivity and switching, thus allowing
Buzz to offer local fixed line services across the USA. As
representative of USTELESIS in Asia, Buzz has made solid inroads
into the International Calling Market a Multibillion dollar market
across Asia. Buzz, Tramigo and Nokia are negotiating to combine to
launch a USA version of http://www.tramigo.com.mx/ in early 2006.
The Buzz Tramigo business is bringing advanced telematics (GPS
tracking combined with wireless communication) products to the
consumer market. The Buzz Tramigo product allows consumers to track
the location and manage their vehicle(s) with their mobile phone
and be notified when unexpected events such as a kidnapping,
accident or break-in occur. Wimax Buzz is currently developing a
Wimax network within Bangkok and Phuket with a view to replicate
the network and mesh it together with other networks to make it an
Asia-wide Service. This will be part of the ISP network Buzz is
developing. Smartpoint The Smartpoint concept is aimed at single
point connection, either from fixed line or wireless broadband that
delivers TV, Internet, Telephone, Fax, Cable, Movies and Programs
on Demand on a pay per view platform. M Power Entertainment Inc.'s
initial growth has been through acquiring profitable film/TV and
print/publishing companies, these companies then benefit from a
reorganization, the expertise of management and marketing M Power
has, as well as the substantial saving of consolidation of
functions especially Marketing makes the new company a more Dynamic
Sales driven Vehicle, whilst maintaining creative integrity. For
more information visit http://www.mpe.us.com/ ANYWHERE MD, INC's
(http://www.anywheremd.com/) technology and software of has been
extremely successful over the past 6 years in the Chiropractic
Industry. Combining the forefront of technology and large marketing
campaigns has ensured this success. Computer hardware and
peripherals are rapidly evolving and so must the software that runs
on them. There are development tools available now that never
existed 2 years ago. These new development tools will allow
increased capabilities for the current application, which is owned,
sold, distributed and supported exclusively by ANYWHERE MD, INC.
Indocan Resources, Inc. (OTC:IDCN) is a junior mining company with
claims all over Canada, particularly in the far eastern Canada with
large block claims of nickel and copper on the Voisey Bay coast
line. Indocan has recently decided to re-enter the crude oil and
natural gas production arena as a participant in developmental and
re-entry oil and gas plays being done by various companies in
Texas, Oklahoma, Alberta and British Columbia. See our website at:
http://www.indocan.com/ for more information. Park Plaza Group has
commenced work on a 54 all suite hotel in the Mission Hills area of
Phuket and has 2 further projects in Phuket to develop as well as
an Interest in the Groups first China project. PPG is expected to
hold in excess of $50m USD in Asian real estate investments by the
end of 2006. Thailand's tourism industry is expected to generate
revenue of 533 billion baht next year based on a new blueprint
which envisages more aggressive marketing and promotion with the
objective to turn Thailand into the tourism capital of Asia. The
Tourism Authority of Thailand (TAT) is counting on 15.12 million
tourists traveling to Thai shores in 2006 Park Plaza Group has able
to secure a number of major build/ develop/ manage Projects in
Thailand with the help of Prestige Asia. The projects include
housing units, luxury housing and a condo project. There is also a
resort hotel project in Hainan, China currently in the planning and
design stage. http://www.parkplazaserviced.com/ Knightsbridge Law
was established by a consortium of Foreign and Local interests to
service the needs of the business community of the region, with the
wealth of International connections the consortium brings
Knightsbridge Law is set to be one of Bangkok's leading Law firms,
with lawyers, accountants, securities and finance specialists it
offers unparalleled services in litigation & dispute
resolution, banking & finance, insolvency & restructuring,
corporate & commercial, and Visa Issues. For more information
please visit http://www.knightsbridgelaw.com/ Prestige Asia has
rapidly become one of Thailand's leading PR/Advertising/Consulting
firms. Prestige clients include 6 USA listed companies as well as a
growing number of private company's around the world. Established
as a multi channel bridge between East and West, Prestige has
positioned itself to benefit from both foreign companies wanting to
expand into Asia and Asian Companies looking to do business in the
USA and Europe. In eight years' time trade between the USA and the
ASEAN region is expected to go up from $10bn (in 2002) to $50bn (in
2010). The rate of growth in US and EU companies moving into Asia
is enormous and all of them are looking for a low-cost, politically
stable base to manage their regional activities, and Bangkok is
becoming attractive as prices in other major centers like Singapore
and Hong Kong continue to rise. To learn more about Prestige Asia
visit http://www.prestigeasia.com/ West One Fashion West One is one
of Thailand's leading Hair/Beauty Salons currently located in
Phuket Thailand, managed by 2 of Phuket's leading personalities
Jack and George, West One will Capitalize on its reputation of high
quality products and service to expand into the fashion Industry,
Fashion is a leading export in Thailand and West One will be
focused on the Top End/Export segment of the Market. Sutida
Suwunnavid, Chairperson of Asian Asset Corporation said, "We have a
culturally diverse group of people, dedicated and professional,
they are very focused on the task at hand, our different approaches
and thoughts are part of our strength, being able to deal with the
challenges of International Trade at every level," describing her
associated with the above listed private and public companies. Safe
Harbor Statement Statements contained in this release, which are
not historical facts, may be considered "forward-looking
statements" under the Private Securities Litigation Reform Act of
1995. Forward-looking statements are based on current expectations
and the current economic environment. This press release includes
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are subject to certain risks, trends and uncertainties
that could cause actual results to differ materially from those
projected. Contact: Sutida Suwunnavid +6668884665 DATASOURCE:
Knightsbridge Group CONTACT: Sutida Suwunnavid, +6668884665, , for
Knightsbridge Group
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