2014-04-17 18:07:56 -
Las Vegas, Nevada (FSCwire) - Andalusian Resorts and Spas, Inc. (SYMBOL: ARSP.PK), announced today that it has started its operations to develop and operate a chain of high-end resorts catering to the LGBT community.
Bernard Fried, the President for Andalusian Resorts stated, “Andalusian’s ongoing strategy through opportunistic potential real-estate transactions may yield several acquisitions confirming our direction for the Company. Additionally, the Company is pleased to update its shareholders with several positive significant events that were reported earlier this year.”
On January 2, 2014, Andalusian received approval for digital transmission of its common shares (DTC eligibility). This followed the Company’s completion of a 30 – 1 forward stock split for all shareholders of record on December 26, 2013. On
March 6, 2014, the Company’s name was officially changed from Huiying Technology and Media Trading Company to Andalusian Resorts and Spas, Inc., trading symbol ARSP.PK to reflect the name change.
Andalusian also wants to address that this is a very exciting time for the Company and ARSP wants to personally thank our shareholders for their continued support as Andalusian grows its business. Our pledge is that we will keep you informed of the status of our projects and we will do everything in our power to move the Company forward and implement Andalusian’s Business Plan in order to provide increased shareholder value.
About Andalusian Resorts and Spas – www.arsproud.com
The Company plans to own and operate an international premiere luxury boutique hotel and resort chain catering to the LGBT community, where exceptional care, attention to detail, and the comfort of its guests are its ultimate mission. Each of its premier, full-service locations will strive to maintain a 4 or 5 star rating. Andalusian has committed to fund and endow a charitable foundation with a portion of its revenues, whose purpose is to, among other things, foster education and awareness regarding the worldwide LGBT community. “LET’s OPEN THIS DOOR TOGETHER” - “WE ARE A STRAIGHT FRIENDLY COMPANY”
Forward-Looking Statements - This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
INVESTOR RELATIONS CONTACT
ANDALUSIAN RESORTS AND SPAS, INC.
Bernard A. Fried (702) 522-8846
To view this press release as a PDF file, click onto the following link:
Source: Andalusian Resorts and Spas Inc. (OTC Pink:ARSP)
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