--News Direct--
AAP, Inc. (OTC: AAPJ) is pleased to announce that the company has acquired $1.6 million in real estate assets to be developed in, Makati, Metro Manila, Philippines.
About Makati:
The city of Makati is the financial centre of the Philippines and one of the major financial, commercial and economic hubs in Asia. It is one of the most populous metropolitan areas in the world, it has the highest concentration of multinational and local corporations in the country. Most major banks, corporations, department stores as well as foreign embassies are based in Makati.
Makati remains the richest local government unit (LGU) in the Philippines in terms of income from local sources and on a per capita basis. As of end-2012, Makati had registered over 62,000 business enterprises, which are engaged in financial services, wholesale/retail, services, real estate, export/import, and manufacturing. Makati also boasts of having the highest number of BPO (Business Process Outsourcing) offices in Metro Manila at 1,159 companies to date, as well as the highest number of PEZA-accredited IT Parks and Buildings. The city government of Makati has not increased its tax rates since its new Revenue Code took effect in 2006. The city has been free of deficit for 26 years.
Paul Bakajin, CEO, stated: “We are very excited about this opportunity for the future of the company and its shareholders. We anticipate acquiring substantially more assets in and around Metro Manila in the near future. We are 100% in control of these real estate assets, providing us with more control over the information dissemination process and allowing us to provide more news releases and updates for our shareholders. This is something we were unable to adequately do with prior business associations. We look forward to building an exciting future in real estate asset development in a dynamic emerging market like the Philippines where we can leverage the company in so many different ways, monetarily and functionally, ensuring a sound investment for us for the long-term.”
To better reflect the company’s new direction. Please disregard any and all past social media posts and/ or news releases. A company press release will verify any new social media outlets. Currently, the only media outlet is the company’s Twitter account @TheRealAAPJ in order to better communicate with our shareholders, please email us at info@aap-inc.com. The Company’s website is www.app-inc.com. All information can be verified at https://www.otcmarkets.com/stock/AAPJ/profile. We will be providing many more updates for our shareholders as the company moves in a new direction.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company’s best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.
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AAP, Inc.
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AAP, Inc.
View source version on newsdirect.com: https://newsdirect.com/news/aap-inc-acquires-1-6-million-asset-investment-855030185
