December 28, 2006 09:00 ET

ASAP Announces Merger With China Renyuan International

LOS ANGELES, CA -- (MARKET WIRE) -- December 28, 2006 -- ASAP Show, Inc. (OTCBB: ASHI) ("ASAP") (the "Company") has signed a Letter of Intent to acquire Jizhou Renyuan Biochemical Co., Ltd, a wholly owned subsidiary of China Renyuan International, Inc. ("Renyuan"), a Delaware Corporation, on December 20, 2006.

The closing of the merger is dependant on approval from the Board of Directors of ASAP and Renyuan along with the satisfactory exchange of due diligence materials between the two parties.

"This financing and reorganization will improve the Company's cash position, and in turn, benefit our shareholders' equity," stated Yuan, CEO of ASAP. "Renyuan is an ideal company to merge with. The company specializes in new energy and materials, fine chemicals, and bioengineering with more than 30 new technologies and products developed successfully. Thirteen of them are already sold in China while eight have reached an advanced level around the world."

"If the merger closes, Renyuan will be able to access the U.S. public market for both awareness and capital, which will assist in reaching our goals," stated Dr. Huakang Zhou, President of Renyuan. "Mr. Ren Qingfu, Chairman of the Board of Jizhou Renyuan Biochemical Co., Ltd, is one specialist whose exports enjoy many special subsidies from the Hebei State Council. The Company has also established good relationships with more than ten universities, colleges and scientific research institutions such as Tsinghua University, Nankai University, The Military Academy of Medical Sciences of the Chinese People's Liberation Army, The National Bioengineering Center and others," added Dr. Zhou.


ASAP Show, Inc. is a trade-show organizer that focuses on the apparel and fashion industry. ASAP produces the ASAP Global Sourcing Show twice a year (February and August) in Las Vegas, arranges multiple buying trips to production Countries in Asia such as China, Pakistan, and Bangladesh, and the FITS -- Fashion International Trade Show -- a Fashion Brand license show in China.

ABOUT Jizhou Renyuan Biochemical Co., Ltd (Renyuan)

Over decades of cooperation with the Research Institute of Nuclear Power & New Energy of Tsinghua University, and the panelists of Hebei State "863" Program, Renyuan has undertaken two state level projects, an experimental key industry project, and a high-tech industrialization demonstration project for the former National Planning Committee.

The leading products, such as anodic material used in rechargeable batteries -- high active spherical nickel hydroxides, ranges of spherical LiNi1/3Co1/3Mn1/3O2, new types of lithium ion battery and anodic material -- spherical compound of Ni, Co and Mn, LiMnO2, LiMnO2 and LiNi1/3Co1/3Mn1/3O2 have been mass produced. Renyuan has received mass orders by many famous battery manufacturers both in China and overseas such as Biyadi, Huanyu, HK GP Company etc. The high capacity of the polymer lithium ion battery replaces the Ni-MH battery and lead acid battery in the current market. Renyuan has formed a manufacturing factory with capacity of 10 million AH annually.

Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions at home and abroad, variations in cash flow, reliance on collaborative retail partners, and on new product development, variations in new product and service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time.

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