Vanguard Equity Research Corp Announces Investment Opinion: Vanguard Equity Research Corp Initiates Coverage on Asia Electrical Power with a Buy Rating and a $4.50 Price Target

Business Wire,  May 28, 2008  

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SAN DIEGO -- Vanguard Equity Research Corp (VERC), a leading independent equity research firm, announced today that it has initiated coverage on Asia Electrical Power International Group, Inc. (OTCBB: AEPW). VERC senior analyst, Michael Anderegg, CFA, issued a Buy rating with a 12-month price target of $4.50 in the comprehensive research report. The complimentary 34 page report is available on VERC's website at www.vanguarderc.com as well as on leading financial portals.

Asia Electrical Power International Group, Inc., through its subsidiary, Asia Electrical Power Equipment (Shenzhen) Co., Ltd., engages in the design, manufacture, and marketing of electrical power systems. Its products are designed to monitor and control the flow of electrical energy and to provide protection to motors, transformers, and other electrically powered equipment.

Key points discussed in the report include:

* Asia Electrical reported strong FY2007 financial performance featuring $11.7mm in revenue (up 45% from 2006) increasing cash flow from operations and no debt.

* In addition to very strong growth prospects in its domestic economy the Company also has international expansion opportunities in the countries of the Association of Southeast Asian Nations (ASEAN) that could dramatically expand the available market beyond even the very large PRC market. In response to exploding demand the Company has recently completed construction of new production facilities with 330,000 square feet of space, increasing manufacturing capacity by over ten-fold.

* Large recurring power outages have intensified pressure from consumers and triggered government mandates to increase electricity production by approximately 50% over the next 5 years with $65 billion in dedicated investment already mandated by the PRC government.

About Vanguard Equity Research Corp

Vanguard Equity Research Corp (VERC) is an independent equity research firm headquartered in California. Our analysts are MBA's and CFA's with vast experience in the equity research arena and provide high-quality, objective equity research for micro, small and mid-cap companies. Companies are enrolled in a one-year continuing research program, prepaid before commencement of research activities. Although any party can pay the enrollment fee, reports are performed on behalf of the public, and are not a service to any company.

The analysts contributing to this report do not hold any shares of AEPW and certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. No part of the analysts' compensation is related to the specific recommendation or views expressed by the analyst in the report. The report is based on data obtained from sources believed reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, this report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. Vanguard Equity Research Corp has been compensated fifty thousand dollars from the company for a one-year coverage program. For a detailed explanation of our policies and disclaimer please visit our website at www.vanguarderc.com.

Forward looking statement: Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future sales. These forward-looking statements may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, uncertainties in product demand, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors.

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