HT Capital Inc.

July 12, 2011 16:32 ET

HT Capital Inc. Changes Name to Asia Packaging Group Inc. and Appoints New Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2011) - HT Capital Inc. (TSX VENTURE:HKT) is pleased to announce that at its annual general meeting on July 6th, the Company obtained shareholder approval to change the company name to Asia Packaging Group Inc. ("Asia Packaging") and to add two new directors.

"The name Asia Packaging Group reflects the Company's growing business in the Chinese packaging business," said Wenge Hong, President and CEO. "We are also very pleased to welcome our new directors, Michael Raymont and Robert Wilson. Both of these executives have a unique combination of western capital markets and Chinese business experience which we believe will add significantly to our success."

Michael Raymont has held senior positions in the Federal Government of Canada including President (Deputy Minister level appointment) and VP Technology and Industry Support with the National Research Counsel. Mr. Raymont also has held senior executive positions with a number of telecom and technology companies in Canada and the US. Mr. Raymont is currently Executive Vice President of China Keli Electric Company Ltd. (TSX VENTURE:ZKL) and is a director of Access International Education Inc. (TSX VENTURE:AOE). He has many years of business experience working in China, and led several Government missions to China and SE Asia.

Robert Wilson has more than two decades of investment banking and investment management experience. Mr. Wilson's experience in China includes acting as lead underwriter for a number of financings as well as his role as executive vice president and director of Asia Bio-Chem Group (TSX:ABC).

About Asia Packaging Group Inc.

Asia Packaging Group manufactures and distributes a variety of specialized packaging products. From its plant in Jaingxi Province, the Company produces film and cast polypropylene packaging for the Chinese pharmaceutical and food industries.

This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects,", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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