Asia Properties Declares Dividends In The Form Of Its Shares In Hertz Controller Technologies
Asia Properties, Inc. (Pink Sheets:ASPZ) today announced that its Board of Directors has declared a dividend in the form of its shares in the Company’s subsidiary, Hertz Controller Technologies Corporation (HCTC).
All ASPZ shareholders of record as of April 15, 2007, will receive one (1) HCTC share for every two (2) ASPZ shares they own. The distribution of the HCTC dividend shares will take place as soon as possible after April 15, 2007.
HCTC’s patented technology has breakthrough applications in audio, video, electrical appliance, and power conditioning devices, among others. One of the many unique and powerful benefits that the technology offers to the A/V and electrical appliance industries is a low-cost chipset solution that significantly suppresses conducted noise in electrical appliances, resulting in improved sound and picture quality as well as reduced power consumption.
Daniel S. McKinney, CEO said, “We want to reward our loyal shareholders in API by this dividend. HCTC plans to apply for several new patents shortly covering the latest technology developments by Dr. Page Huie, to add to the intellectual property base of the company.” McKinney added, “I have known Dr. Huie since the early 90’s. He simply creates the best sound from audio equipment that I’ve ever heard, period.”
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