All State Properties Holdings reaches Agreement in Principal to purchase Oil & Gas Asse... Page 1 of 1

April 09, 2010 09:42 AM Central Daylight Time

All State Properties Holdings reaches Agreement in Principal to purchase Oil &

Gas Assets including Leases located in South East KS

MEMPHIS, Tenn.--(BUSINESS WIRE)--AII State Properties Holdings, Inc. (OTCBB: ATPT) today announced

that they have agreed in principle to purchase assets including leases with current oil and gas production and

ample reserves covering approximately 2,600 acres in the state of Kansas. Further information regarding the

leases will be made available at the time of the signing of the final documents.

About All State Properties Holdings, Inc.

All State Properties Holdings, Inc. (OTCBB: ATPT) is a publicly traded company whose objective is to seek out

and develop opportunities in the energy sector. It focuses on the acquisition, exploration, and development of

crude oil and natural gas reserves in North America through asset purchases or company transactions, and on

further developing those reserves to increase production. The company is based in Memphis, Tennessee.

Management believes that a balanced strategy of acquisitions coupled with increased production can rapidly

grow its reserve base and increase shareholder and company value.

All State Properties Holdings believes it is well prepared to succeed in both its geographic and strategic focus

areas based on the extensive oil and gas experience of its management team. This experience combined with

creative abilities has resulted in a long list of active projects to pursue in achieving the company's mission. For

further company information, please visit www.allstatepropertiesholdings.com.

One of our most important responsibilities is to communicate with shareholders in an open and direct manner.

Comments are based on current management expectations, and are considered "forward-looking statements, "

generally preceded by words such as ''plans,'' "expects, " "believes, " "anticipates, " or "intends. " We cannot

promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim

any Obligation to update or alter forward-looking statements as the result of new information or future events.

All State Properties Holdings, Inc. urges investors to review the risks and uncertainties contained within its

filings with the Securities and Exchange Commission.

Contacts

For All State Properties Holdings, Inc.

Trinity Media Group, Inc.

Jamey Smith, 386-259-4094

Permalink: http://www.businesswire.com/news/home/20 100409005562/en/State-Properties-Holdings-reaches-Agreement-Principal

-purchase