CARSON CITY, Nev., March 31 /PRNewswire-FirstCall/ -- America Asia Petroleum , announced today that it has decided to build a plant in China that will produce its patent pending binder.
The binder is a value-added petroleum based product that strengthens asphalt and makes roads more durable and longer lasting. The binder is unique because it is an asphalt binder product that has the ability to solve all five major road problems. The binder solves the problems of rutting, water striping, thermal freeze-thaw cracking, fatigue cracking and aging.
America Asia Petroleum also announced that it was awarded a patent for its new US Patent SOT shale oil extraction technology, US Patent SOT 11 30825.
This new, patented process of extracting crude oil from shale rock combines the latest testing and operational technology while also providing the new retort system. This new process will allow the extraction of a higher volume of oil from the shale and does not pollute nor use water for processing.
"The rise in world wide consumption of crude oil coupled with escalating prices, has generated serious demand for the company's technology," stated James Smith, Vice President -- China of America Asia Petroleum Corp.
America Asia Petroleum is an energy company that specializes in extracting crude oil from shale rock using its proprietary patented technology and has offices in USA and China. The company presently operates an oil refinery in China that produces various petroleum products. The company also operates a project management company as well as a manufacturing plant that are also located in China.
Safe Harbor Provisions
Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by America Asia Petroleum Corp., (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.
The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.
http://www.americaasiapetroleum.com/
