SOURCE: American Stock Exchange

January 18, 2008 13:38 ET

American Stock Exchange Lists Units of Asia Special Situation Acquisition Corp.

NEW YORK, NY--(Marketwire - January 18, 2008) - The American Stock Exchange® (Amex®) today lists the units of Asia Special Situation Acquisition Corp. (AMEX: CIO.U). The offering size is 10,000,000 units at $10.00 per unit for gross proceeds of $100,000,000 (excluding the underwriters' over-allotment option). One unit consists of one ordinary share and one warrant to purchase one ordinary share. Initially, the units will be the only security trading. Maxim Group LLC is the lead underwriter on this IPO.

Asia Special Situation Acquisition Corp. is a newly organized company formed for the purpose of acquiring all or a majority interest in one or more operating businesses, through a capital stock exchange, asset acquisition, stock purchase, or other similar transaction, including obtaining a majority interest through contractual arrangements. The Company intends to identify prospective acquisitions that are either located in Asia, provide products or services to consumers located in Asia, or invest in Asia.

"We are pleased to welcome Asia Special Situation Acquisition Corp. to the American Stock Exchange," said Neal Wolkoff, Chairman and CEO of the Amex. "We look forward to working with the Company in building increased awareness and visibility with U.S. investors."

Angela Ho, Chairman and CEO of Asia Special Situation Acquisition Corp., stated, "We are excited to be listed on the American Stock Exchange, and we look forward to creating value for our shareholders. We intend to leverage the extensive relationships of our management to source an attractive business combination."

The specialist in Asia Special Situation Acquisition Corp. is Kellogg Capital Group LLC. For further information on CIO.U and other Amex-listed companies, please visit www.amex.com.

About American Stock Exchange

The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 381 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com

Contact Information

  • Media Contact:
    Catherine Chantharaj
    American Stock Exchange
    (212) 306-1689
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