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AFH Holding & Advisory Retained by Asia Special Situation Acquisition Corporation

2008-12-17 07:25 2848

BEVERLY HILLS, Calif., Dec. 17 /PRNewswire-Asia/ -- AFH Holding & Advisory, LLC, an integrated financial advisory and consulting firm serving U.S. and international clients who seek capital formation, strategic counsel and sophisticated access to global capital markets, today announced that AFH has been engaged by Asia Special Situation Acquisition Corporation.

Asia Special Situation Acquisition Corporation ("ASSAC") is a Business Combination Company(TM), or BCC(TM), formed for the purpose of acquiring all or a majority interest in one or more unidentified operating businesses. AFH Holding & Advisory has been working since mid October to source specific acquisition candidates for ASSAC, to introduce management of these companies to ASSAC and to facilitate certain processes related to the completion of a merger or other related transaction with these candidates.

"We are delighted to have been retained to advise ASSAC on this transaction," said Amir Heshmatpour, managing director of AFH Holding & Advisory. "AFH has significant experience in the oil and gas services sector, cable, metals and industrial appliances sectors in China, where we are sourcing candidates for ASSAC's consideration. This engagement cements our position as a leading advisor on transactions with and for Chinese SMEs."

About Asia Special Situation Acquisition Corp.

Asia Special Situation Acquisition Corp. is a Business Combination Company(TM), or BCC(TM), formed for the purpose of acquiring all or a majority interest in one or more unidentified operating businesses, through a capital stock exchange, asset acquisition, stock purchase, or other similar transaction, including obtaining a majority interest through contractual arrangements. The Company intends to identify prospective acquisitions that are either located in Asia, provide products or services to consumers located in Asia, or invest in Asia. The Company's efforts to identify a prospective target business will not be limited to a particular industry or area in Asia, although the Company initially intends to focus its efforts on acquiring an operating business in the leisure and hospitality or financial services industries, that either invests in, is located in or provides products or services to consumers located in China.

About AFH Holding & Advisory, LLC

AFH Holding & Advisory, LLC is a leading integrated financial advisory and consulting firm serving U.S. and international clients who seek capital formation and business strategies including the preparation and implementation of alternative public offerings, PIPE financing, acquisitions, corporate governance development, regulation and compliance, among other services -- all executed concurrently to provide a seamless transition to a United States-listed public company. Led by Mr. Amir Heshmatpour, AFH delivers objective thinking, proven practices and best-of-breed partners to help clients achieve their specific development and financial goals. AFH maintains offices in Beverly Hills, California and Shanghai, China. http://afhholdingandadvisory.com/

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Source: AFH Holding & Advisory, LLC
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