via CAAI News Media
Aspire Has Obtained the Right for Exploration and Geological Data Collection in Cambodia
April 06, 2010
TORONTO, April 6, 2010 (GLOBE NEWSWIRE) -- Aspire International, Inc. ("Aspire" or the "Company") (OTCBB:APIT) announced today that a Memorandum of Understanding (MOU) has been signed with the Ministry of Industry, Mines and Energy (MIME) of Cambodia for conducting geological data collection in Phnum Ngout area, Salakrau district, Pailin province, Ratanakmondol and Samlot districts, Battambang province, Kingdom of Cambodia.
The objective of the MOU is the cooperation of geological data collection for preliminary geological survey for mineral deposits in the above-mentioned area. The MIME Ministry of Cambodia agrees to allow the Company to cooperate with General Department of Mineral Resources (GDMR) to conduct the geological data collection to consider in applying for the exploration and exploiting licenses in the future.
The surface area by mining standards is quite exceptional at 261 square kilometers. This sizeable area under acquisition is considered to contain rich amounts of Iron Ore that, based on historical exploration data, represents a potential resource size believed to be in excess of 1 billion tons of exploitable Iron Ore.
Iron Ore has more than doubled in price over the past year and currently sells for as high as $140 per ton. With recent media reports of expectations of prices in excess of $200 per ton by year's end, it makes this MOU an especially valuable opportunity for Aspire to acquire a very sizeable Iron Ore deposit so close to China, which is by far the largest importer and most voracious consumer of Iron Ore in the entire world.
Aspire International Inc. (OTCBB:APIT) was registered on December 18, 2007 in the state of Maryland. Perfisans Networks Corporation, founded in 2001, is a wholly owned subsidiary of Aspire International Inc. and is headquartered in Markham, Ontario, Canada.
More information can be obtained from the Company's web sites at http://www.perfisans.com/ and http://www.apit.ca/
Cautionary Statement
This press release contains statements relating to future results of Aspire (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Aspire's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Aspire International, Inc.
Investor Relations
(905)943-9996 x 230
ir@perfisans.com
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