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Aspire International, Inc.. (APIT)
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Monday, March 14, 2010 – Before Market Open Upgraded Coverage Green Baron New “Stock Pick”
Aspire International, Inc. (PK: APIT – $.33 per share) www.AspireInternationalInc.com Common Shares Outstanding / 35 million (estimate) Market Cap / $11.55 million 52-Week High / $.46 52-Week Low / $.11 Average Price / $.3534 (50-day) .3452 (200-day) Average Volume / 23,905 (50-day) 21,302 (200-day)
Aspire International Smartly Acquires Global Online Shopping Mall in Surprise Move! Online Shopping Mall Currently Hosts Over 80,000 Active Stores and Expects to Grow to as Many as 150,000 by Year End; Revenue Run Rate Already at Over $18 Million Near Completion - LOI to Acquire High Grade Gold Property Estimated to Hold Over One Million Ounces of Gold Aspire Agrees to Divest Subsidiary Resulting in Removal of $2 million debt; Filing of Annual and Quarterly Results Nearing Completion Geologist Estimates Rank APIT's Manganese Resource among the Largest Deposits in the World Green Baron’s 93rd “Stock Pick” Since Inception Has Legitimate Chance to be Best Performer Ever - Target $2.50 in 1 year; Most Recent Three Green Baron “Stock Picks” Up As Much as 166%, 140% and 88% Respectively See New APIT Video Chart On GB Home Page Now Nearly one year ago, we introduced Aspire International as a Green Baron “Stock Alert”. We believed the stock was ready to take off due to an initial 43-101 feasibility study on its property containing manganese. It concluded the first section of its 20 mining site claims could contain manganese valued at $396,428,571 implying that the entire property, taking into account the remaining 19 other mining sites, could be worth substantially more. Aspire has commitments to buy up to 5,000 tons of manganese per day from two different sources. With production expected to begin later this year at the initial rate of 500 tons per day, this could potentially result in $2 million plus in gross monthly revenues and an estimated $1 million net at current prices or $12 million annually. In the longer term, the Company could effectively create dual revenue streams between the buyers of its manganese production. The Company expects that full production of up to 10,000 tons per day could ultimately be reached within the next few years. As the world's largest producer and consumer of steel, China's usage needs for manganese are massive as it had to import a reported 9.6 million tons in 2009. Manganese is the fourth most heavily traded metal in the world and is both a vital and critical component in the manufacture of high strength steel and alloys, and comprises approximately 15% of every ton produced. APIT generally remained above our original profile price of .28 per share last year, but has resisted a major move higher. We originally initiated Aspire International as a “Stock Alert” instead of a “Stock Pick” because we wanted more time to be certain the Company would make the right moves to show clear progress toward profitability and to become a fully reporting company. Based on tremendous new developments since the beginning of 2011, we believe it is now time to maximize on this unfolding opportunity! The Green Baron Report is officially making Aspire International, Inc. (OTCPK: APIT - .33 per share) our 93rd Green Baron “Stock Pick” since inception; our strongest level of coverage. Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at www.thegreenbaron.com and through email updates to members. We have very aggressive price projections for APIT and believe the stock has huge upside potential based on several positive fundamental and technical factors. TRADER’S NOTES: After the online mall purchase was announced, APIT soon hit a new year high at .46 per share. We see the pullback to the low to mid .30 range as a tremendous opportunity to acquire stock that should be trading over $1 per share now. While APIT still trades on the OTC Pinks, it is now clear that management is trying to bring its financials to fully reporting status since it recently reported quarterly filings through March of 2009. A press release issued on January 4, 2011 indicates it will “complete its annual and quarterly reports shortly with a view to becoming fully reporting compliant”. We understand the float on APIT is still only about 5 million shares so the price generally trades with a spread of anywhere from a penny to a nickel. The acquisition of the online shopping mall and updated financial filings should soon remove any restrictions that may still be present at firms such as E*TRADE to enter buy orders immediately online. Higher highs and higher lows over the past several months indicate accumulation and a positive trend higher. Be sure to check out the new video chart on APIT on the home page of our website at www.TheGreenBaron.com. Aspire International Inc. just acquired and now operates a Hong Kong-based international B2C shopping mall, "My Global Online Shop" (Mygos) -- a platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores. Also, through its Chinese subsidiary, Aspire GuangXi Inc., a Wholly Foreign Owned Enterprise (WFOE), it is engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southern China, prospective in particular for manganese and gold. The Green Baron Report considers APIT to be at an ideal point of accumulation for our members and could be the best opportunity we have seen in years. Here are a few reasons why we believe you should grab shares of APIT right now:
Aspire International could very well be the best stock play that The Green Baron Report has ever introduced. We should know if this is true when quarterly numbers are released in a few months. In the meantime, we see very little downside from here. We view the acquisition of B2C Company “My Global Online Shop” as pure genius, and it appears to be growing at a feverish pace. The stock has held above .30 nearly the entire past year, and just hit a new high at .46 that ought to be taken out within a week. We look for $1 to $2 per share by summer, so get positioned now. It would not surprise us to see APIT at $5 to $10 per share next year. About Aspire International Aspire International Inc. is a Maryland corporation whose executive offices are in Toronto, Ont. Canada. The company just acquired and now operates a Hong Kong-based international B2C shopping mall, "My Global Online Shop" (Mygos) -- a platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores. Also, through its Chinese subsidiary, Aspire GuangXi Inc., a Wholly Foreign Owned Enterprise (WFOE), it is engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southern China, prospective in particular for manganese and gold. Aspire's principal manganese mining property covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team. Recently, Aspire entered into a LOI to acquire a majority interest in a 3.95 square kilometer concession (also located in the Guangxi Zhuang Autonomous Region) known to contain a minimum of five zones of gold mineralization, and considered economically two of which are in production and are highly regarded by the geologists in their surveys, with grades ranging from 0.024 to 43.1 grams per ton. A 43-101 report defining the Gold resource is expected to be released up completion of the acquisition or soon thereafter. The property contains an Inferred Resource of 465,616 ounces of gold, with average grades of 0.3563 ounces or 10.18 grams per ton contained in 1.29 million metric tons of ore, according to government geologists and recent geological survey work. Recent Key Press Releases Friday, February 18, 2011 - Aspire Announces 2011 Development Plan for Newly-Acquired Ecommerce Marketplace - Current Revenue Run Rate Projects to US$18 Million Per Annum - Aspire International Inc. (Pink Sheets: APIT) today announced its 2011 development plan for Mygos, its newly-acquired B2C international online shopping mall. Aspire President and CEO Bok Wong stated, "Our business model is delivering tremendous value, with the pace of our growth exceeding expectations. Revenues have expanded rapidly to a current projected rate of US$18,000,000 annually, with positive cash flow. We are moving aggressively to expand business further afield through the continued implementation of our already proven marketing strategies, together with additional promotion through international media to accelerate our revenue growth throughout 2011. We also fully expect to develop our active Mygos store base to as many as 150,000 by year end, based upon current trends." Mygos development plan for balance of 2011: 1. During the first half of this year Aspire will focus on expanding Mygos' business in the China and South East Asia (Including Hong Kong, Macao and Taiwan) markets. 2. In the 3rd quarter of 2011, the company will begin promoting Mygos in India, Japan, South Korea and North America. 3. In the 4th quarter of 2011, Aspire will begin promoting Mygos in Australia, New Zealand and Africa. 4. Aspire also intends to acquire complementary small to medium-sized ecommerce businesses as opportunities arise. For more information about Mygos, visit http://www.mygos.net. Tuesday, February 15, 2011 - Aspire Acquires International Online Shopping Mall - (GLOBE NEWSWIRE) -- Aspire International Inc. (Pink Sheets: APIT) today announced that it has acquired 100% of the assets of Candid Global Resources Hong Kong Limited, a Hong Kong corporation principally engaged in the operation of an international B2C online shopping mall. In accordance with the terms of the asset purchase agreement, Aspire acquired all of the assets of Candid Global with Aspire common shares, restricted per SEC Rule 144. The transaction has closed and Aspire is now the sole owner of the online shopping mall business, including the entire customer and store base, as well as all patents, copyrights, trademarks, licenses and other intellectual property. The online mall, at http://www.mygos.net - "My Global Online Shop" - is a platform that enables anyone to start his or her own business online. It currently hosts over 80,000 active stores. Aspire management began due diligence with respect the acquisition in August 2010. My Global Online Shop has an excellent business model that has already shown impressive performance over a very short time frame with rapidly increasing cash flows and expects the business to grow significantly in 2011 and for many years to come, particularly building upon the extraordinarily rapid growth of Asia's burgeoning 3 Billion population reflecting success for Mygos so far. Mygos has offices in Hong Kong and North America. Mr. Bernard Wong has been appointed as the CEO of the Asia Pacific Region and will lead the operation in China. He will be nominated to join the board of directors of Aspire. Aspire President and CEO Bok Wong stated, "This transaction delivers extraordinary value to Aspire shareholders, with strong potential for substantial growth in revenue, profit and free cash flow as well." Wednesday, February 9, 2011 - Aspire Enters Into Agreement to Divest Subsidiary - Aspire International Inc. (Pink Sheets: APIT) today announced that it has entered into a binding agreement to divest itself of its wholly-owned subsidiary, Perfisans Networks Corporation, a semiconductor company providing chip solutions to the networking and storage sectors. The terms of the agreement call for a group led by Perfisans' founders, To-Hon Lam and Bok Wong, to acquire Aspire's entire interest in Perfisans in exchange for a token cash payment and the assumption of $2,000,000 of Aspire debt. Aspire President and CEO Bok Wong commented, "This move is a first step in realigning our corporate structure to optimize the allocation of our time and resources to our core activities, which have changed considerably since Perfisans was acquired in 2003." He noted, "The terms of the transaction provide significant immediate value to Aspire's shareholders by virtue of the very substantial reduction in Aspire debt. We expect to continue this value creation process with additional strategic transactions in the coming weeks and months." Wednesday, January 12, 2011 - Aspire Enters Into Letter of Intent to Acquire the Guilin Gold Deposit in GuangXi China - Aspire International announced today that it has entered into a letter of intent to acquire the Guilin Gold GuangXi Gold deposit located in the northern part of GuangXi Province in southern China, an inferred resource of 1.29 million tonnes, with additional potential to further expand the resource, up to an estimated 1 million ounces. The Guilin Gold deposit is located in an area containing numerous gold mineralized zones, originally hosted by sandstone beds deposited in a shallow quiescent platformal marine environment of Cambrian age. Orogenesis during Silurian-Devonian time has strongly folded those sediments and produced a series of parallel regional and secondary shear zones into which gold, silver and base metals were remobilized and concentrated. Historical information shows that the concession covers 5 zones of gold mineralization with potential to increase the size of the resource substantially. A detailed mapping and drilling program is planned in a first and second stage pre-production exploration program as a follow up to the recent exploration program that yielded assay results from samples taken from the Guilin Gold concession ranging from 0.024 to 43.1 grams per tonne of gold. The South China Craton and its associated orogenic belts contain the most important metallogenic provinces in China that include world-class industrial, base and precious metal deposits. Aspire (Guangxi) Inc., a subsidiary of Aspire International, has chosen to take advantage of this opportunity by acquiring a majority interest in a 3.95 sq kilometer concession known to contain a minimum of five zones of Au gold mineralization, which are considered economically viable and two of which are in production. CEO Bok Wong commented, "This is the first of several planned acquisitions in the precious metals arena that we have been working on for some time that will complement our Manganese mine production, providing an additional source of revenue. We are delighted to be able to announce this letter of intent to acquire this interest on behalf of Aspire and expect to expand this resource in due course as we further develop its full mining potential that we believe will contribute strongly to future growth." Tuesday, January 4, 2011 - Aspire Completes Important Geological Expedition to Asia; Filing of Annual and Quarterly Results Nearing Completion - Reports on Aspire's Recent Expedition to China and Cambodia to Assess Promising Gold, Silver and Rare Earth Mineral Deposits Are Being Prepared for Possible Acquisitions - Aspire International, Inc. announced today that its geological survey team expedited to China and Cambodia to assess a number of attractive acquisition candidates has returned. They are currently reviewing data and samples obtained during the visit. Aspire International also announced that its financial audit is now well under way. Aspire expects to complete its annual and quarterly reports shortly with a view to becoming fully reporting compliant. CEO Bok Wong commented: "We are awaiting results of the Asian visit as we move to the next level of production infrastructure development at our GuangXi Manganese mine. We are now also looking forward to assessing a number of significant regional properties. These properties which we feel may become critically important acquisitions will be further explored and sampled. These can contribute to our future growth." Green Baron Conclusion Timing is everything in the stock market. We at The Green Baron Report pride ourselves on timing the introduction of our picks so that our members can best capitalize on our ideas. We have closely monitored Aspire International for well over a year now and closely watched developments. It is clear to us that APIT is ready to make a huge move higher in price, and members that buy the stock as close to our profile price of .33 as possible are going to be very happy. APIT appears to have considerable upside potential given the rapid transformation and extremely significant new revenue generating developments. This will not only allow the company to fund their existing and planned mining projects potentially into production, but may also afford APIT a considerable edge in its ability to continue to amass and develop additional promising new mining properties. The Company continues to seek acquisitions of precious and base metals and other resources including rare earths. In addition to its mining acquisition agenda, and in somewhat of a surprise and potentially lucrative move, the Company just acquired an Internet based operation that allows small business owners to have their storefront in a popular mall environment. The site is already hugely successful and it was simply fortuitous that Aspire was able to make the purchase happen. At a current revenue run rate of $18 million, we expect this to grow to over $2 million per month soon and perhaps to $2.5 million per month by year end. Profits generated from the online business should allow Aspire to significantly ramp up production for manganese and soon its gold mine property. The high grades of precious metals on both these properties indicate tremendous profit potential. It is our opinion that these mines could be put into large scale production quickly. If you have considered APIT before, do not hesitate now. We see this is the real deal, and we hope you can get in while it is still cheap. We view this as an easy money maker for our members from here. Contact:
Investor Relations
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