SOURCE: American Pacific Rim Commerce Group

American Pacific Rim Commerce Group

April 09, 2009 09:15 ET

American Pacific Rim Commerce Group Signs Letter of Intent to Enter Into Asset Purchase Agreement

CITRA, FL--(Marketwire - April 9, 2009) - American Pacific Rim Commerce Group (PINKSHEETS: APRM) (www.aprcg.com) announced today the signing of a Letter of Intent (LOI) to enter into an Asset Purchase Agreement to acquire the assets of Hybrid Shop (U.S.A.) Limited, a wholly owned subsidiary of CUP Privilege Marketing Limited, a Hong Kong Corporation.

Concurrently, the Company also agreed to an Exclusive Rights Agreement with Tutamen Limited CN, a Peoples Republic of China registered Representative Company, to utilize its existing license and all rights to conduct business in China for 99 years.

Under the terms of the LOI the acquisition and licensing will be non-dilutive to the shareholders of American Pacific Rim Commerce Group.

The parties have until April 30, 2009 to finalize the Asset Purchase Agreement or the Letter of Intent will expire unless extended by the parties. Further details of the Letter of Intent are subject to a non-disclosure, non-circumvent provisions which prevents the parties from discussing the terms and conditions until such time as the parties enter into the Asset Purchase Agreement.

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http://www.aprcg.com/email_alerts.htm

ABOUT APRM:

American Pacific Rim Commerce Group is a development stage Company marketing "Made in the USA" products and services manufactured by U.S. Small and Medium Size Businesses (SME) to consumers in Hong Kong and China through its proprietary e-commerce platform. APRM is the first mover in the space to provide transactional-based solutions for small and medium sized U.S. businesses to promote, sell and communicate with willing buyers in Hong Kong and China. APRM provides real-time promotion; sales, logistics and currency conversion in the form of modular e-strategies that we believe will establish our e-commerce backbone as the leading on-line marketplace between Chinese consumers and U.S. businesses. The Company anticipates launching its branded web space 'mymyj,' which loosely translated in Chinese, means "Buy & Sell Festival" in the third quarter of 2009.

ABOUT HYBRID SHOP (U.S.A.) LIMITED:

Hybrid Shop (U.S.A.) Limited is a Hong Kong Corporation (a wholly owned subsidiary of CUP Privilege Marketing Limited a Hong Kong Corporation) and provides technology and software solutions for B2B and B2C transactions. Hybrid Shop (U.S.A.) Limited is a complete solution for U.S. companies looking to provide goods, products and services to the growing Asian markets. Hybrid Shop (U.S.A.) Limited handles all data center services including server, hardware, software and network hosting. Hybrid Shop (U.S.A.) Limited is a well recognized sub-contractor for the U.S. companies seeking translation, logistic and transactional platforms for reaching the diverse cultures of the Asian market.

Safe Harbor Disclosure:

This release includes "forward-looking statements" within the meaning of the federal securities laws, identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings. All forward-looking statements in this release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

Contact Information

  • CONTACT INFORMATION:
    American Pacific Rim Commerce Group
    2985 West Hwy 318, Citra FL 32113
    Raymond Talarico
    Tel: (352) 591-1785