America Asia Corp. Announces Its Launch Into Road Construction Projects in China
January 24 2005 - 6:00AM
PR Newswire (US)
America Asia Corp. Announces Its Launch Into Road Construction
Projects in China OLD SAYBROOK, Conn., Jan. 24
/PRNewswire-FirstCall/ -- America Asia Corp. (OTC:ASCX) announces
its launch into road construction projects in China with its new
product SAB. SAB is a binder ingredient that is used in asphalt.
With offices in Old Saybrook, Connecticut and Shanghai China since
1985, the company is positioned to expand this market after years
of general building and road construction. The company owns the
patent and has the operation now in place to manufacture the
product. China, with a population of 1.2 billion, plans to be an
automotive market similar to the USA and will equal it with
spending of 908 billion dollars on road construction within five
years. The country is planning an extensive highway systems to link
all provinces and major economic centers. Estimated annual budget
expenditures for road construction are 10.8 billion dollars with an
annual increase of 2-4 billion dollars. All the major USA
automotive companies including Ford and GE have plants in place to
build China style automobiles to meet the escalating need for cars
and trucks which has grown from 1.3 million autos and trucks in
1978 to 13.2 million this year. The company has a close
relationship with the automotive industry in China after building
Ford's auto glass factory. America Asia Corp., an American
Corporation, specializes in marketing consultation, project
management, and road construction, in the USA and Asia Pacific
markets. Their new road construction product in China -- SAB -- an
asphalt binder makes roads last longer and have more durability.
With over a half-century of experience in the International, USA,
and China markets, their clients include Westinghouse/CBS, Star
Building Systems, and Ford Motor Company with projects in retail,
manufacturing, and road and building construction. ASCP was one of
the first U.S. companies to open the China market for American
products and services, selling products to over 350 million people.
America Asia Corp. goal is to become one of the leaders in China's
road construction industry. Disclaimer: This release contains
forward-looking statements within the meaning of the federal
securities laws and regulations and case law there under.
Accordingly, America Asia claims the benefits, protections and
immunities provided by said laws and regulations applicable to
forward-looking statements. DATASOURCE: America Asia Corp. CONTACT:
Anthony Chirico of America Asia Corp., +1-860-767-6580 Web site:
http://www.chiricogroup.com/
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