ASF Group, Inc. Announces Entry Into Letter of Intent With American Seniors Association Holding Group, Inc.

ORLANDO, FL--(Marketwire - December 11, 2009) - The Board of Directors of ASF Group, Inc. (PINKSHEETS: ASGP), (the "Corporation") announced today that the Corporation had entered into a letter of intent with American Seniors Association Holding Group, Inc., a Georgia corporation, wherein the Corporation would merge with American Seniors Association Holding Group, Inc. The merger as contemplated is subject to the approval of the shareholders of both companies. No additional details on the transaction are available at this time. The projected date of the closing of the pending merger, if approved, has not been determined.

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