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ASL Capital Corp submits Bid, issues Cost Analysis Report and Gathers Team
ASL Capital Corp announced today that subsequent to the company signing a deal to provide Project Management consulting (see news release August 25,2005) ASL has sourced and submitted a purchase offer on a prospective project property, along with a complete Cost Analysis Report on the reconstruction estimates to the clients. ASL estimates include a gross 9% cost for reconstruction and renovations, and a 23.6% net return based on the property resell value.

ASL’s Real Estate project management team successfully sourced a residential property as outlined in ASL Real Estate Development Plan Sept 2005. ASL will negotiate and try to acquire the property within the next 2 weeks.

ASL has additional formed its contracting crew of 5 construction staff members who will be lead by ASL’s Project Manager. ASL has sourced and successfully concluded negotiations with specialists in Structural Repair, Interior Renovations, Roofing, Addition Design & Construction, Exterior Design, Framing, Plumbing, Electrical, Flooring, Painting, Siding, Door & Window Installation, Landscaping and general contracting. ASL has also entered negotiations with an Interior Decorator and expects to form a 2 member Design Team for each Project ASL acquires.

ASL’s CEO report “ASL is extremely pleased with these developments and revenue this deal provides for our newly formed Real Estate Division.”




About ASL Capital Corp:
ASL Capital Corporation is a business consulting and investment firm specializing in Business Development, Operations and Project Management in North America and abroad. ASL has been formed by seasoned professionals with a vast background in business and finance. This multi- dimensional experience encapsulated in a single customer focused team enables ASL to provide our clients a unique highly professional service.. ASL offers select services which include: Small Business Consulting, Business Research and Development, Personal and Business Consulting, Corporate Web Presence services and additional tailored services customizable to each client.


The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.



Contacts:

ASL Capital Corp
(416) 685-7301
www.aslcorporation.com


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