Asia Electrical Power International Group Inc.
OTC Bulletin Board : AEPW

Asia Electrical Power International Group Inc.

April 10, 2007 09:00 ET

ASIA ELECTRICAL "Industrial Park" Expansion on Schedule

Fivefold increase in Company manufacturing facilities; Substantial year-over-year growth forecasts

LAS VEGAS, NEVADA--(CCNMatthews - April 10, 2007) - ASIA ELECTRICAL POWER INTERNATIONAL GROUP INC. ("Asia Electrical") (OTCBB:AEPW), the U.S. parent of a growing secondary electrical power equipment manufacturer based in China, today updated shareholders on the construction progress of the company's new 300,000 square foot production facilities in Shenzhen, Guangdong Province, P.R.C.

"I am delighted to report on the status and business advantages of our new industrial park, including 158,000 square feet of new manufacturing space - five times the size of our current factory," said company President Yulong Guo. "These expansion facilities for Asia Electrical are targeted for completion during the coming summer," he said. "This project is on time, and our new plant will be ready for the launch of an aggressive operations phase, including official opening ceremonies, in September 2007."

According to Mr. Guo, "Asia Electrical expects a high volume of new domestic business will result from electricity infrastructure investments under the 11th Five-Year Plan of the Chinese Government commencing this calendar year (including $65 billion allocated for medium voltage network infrastructure, Asia Electrical's market niche). With the larger plant capacity in our new industrial park facilities, management is forecasting sales growth of at least 40% per year for each of the current (2007) and next (2008) fiscal years. Gross revenues for fiscal 2009 are projected at more than a 30% year-over-year increase, and we estimate net (after tax) earnings for 2009 will exceed the $2.5 million level," he said.

The company President pointed out that management's forecast near future revenue and earnings growth figures also should be accounted for by increasing international sales over the next 3-5 years.

Asia Electrical is an enterprise committed to manufacturing the finest products (cabinet-type electric substations, outdoor switching-mechanisms, cable feeder pillars and switching elements) and to growing into becoming a leading player in the marketing of high, medium and low voltage complete-set equipment across Mainland China. The Company has a promising outlook for substantial earnings growth through expanded market penetration as well as investment in the exploding electrical power industry sector throughout China, elsewhere in Asia and beyond to the Americas.

Listed with Standard and Poors

CUSIP Number 04519C 10 9


Certain information contained herein may constitute 'forward-looking statements' within the meaning of United States securities legislation. Investors are cautioned that the Company's actual results could differ materially from what is stated or implied here; forward-looking statements can involve risk, and are based upon information as at this date, and the Company assumes no obligation to update them. There is an element of uncertainty about the Company's ability to develop its products, expand its market, obtain sales and/or increase earnings, which may be more fully described in periodic filings with the Securities and Exchange Commission.

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