SOURCE: ASF Group, Inc.

January 28, 2010 16:41 ET

ASF Group, Inc. Announces Completion of Merger With American Seniors Holding Group, Inc.

ATLANTA, GA--(Marketwire - January 28, 2010) - ASF Group, Inc. (PINKSHEETS: ASGP) announced today that it had completed the previously announced merger with the American Seniors Association Holding Group, Inc. effective as of today. The merged entity will file a name change to "American Seniors Association Holding Group, Inc.," and a new symbol will be requested for the trading of the stock.

The company also reiterated its intent to divest itself of the food and beverage, and restaurant subsidiaries, Kiosk Food Solutions, Inc. and Eddy Chan's Inc., as soon as practical.

Jerry Barton, President of the newly combined entities stated, "We are very pleased to have completed this phase of our corporate strategy, and we look forward to announcing further developments in the near future."

About ASF Group, Inc.

ASF Group, Inc. is a holding company that owns, manages and provides consultation for its two wholly-owned subsidiaries, Kiosk Food Solutions, Inc. and Eddy Chan's Inc.

Kiosk Food Solutions, Inc. licenses portable food and beverage service kiosks under the brand name, "CAFFÉ PORTA VIA" for operation in office and other commercial and government buildings in metropolitan and suburban areas. Its initial licensing is in central Florida.

Eddy Chan's Inc. is a start-up restaurant chain of high quality Chinese take-out and delivery restaurants that will operate initially in the greater Orlando, Florida market.

American Seniors Association Holding Group, Inc. is the parent company of the American Seniors Association, based in Atlanta, Georgia. The American Seniors Association is a membership organization that offers discounted products and services to its members throughout the United States.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

Contact Information

  • Contact:
    American Seniors Association Holding Group, Inc.
    Investor and Press Relations