MEMPHIS, TN--(Marketwire - Dec 6, 2011) - All State Properties Holdings, Inc. (PINKSHEETS: [ ATPT ]) announced today that shareholders of record on December 31, 2011 will receive a Restricted Stock Dividend equivalent to two percent (2%) of their recorded shareholdings. The payable date will be January 10, 2012. The shares will be restricted for a period of one year and eligible for free trading on that anniversary date.

"We want to thank our shareholders for their continued loyalty and support," stated All State Properties Holdings newly appointed CEO, Dr. Gates. "This decision gives greater value to our current shareholders, will attract new investors to the company, and at the same time minimize stock shorting by market makers."

All State Properties Holdings confirmed that it is implementing a quarterly dividend program, this being the first of its planned quarterly dividends. Specific dates and instructions for additional quarterly Common Stock Dividends will be released as available.

About All State Properties Holdings, Inc.

All State Properties Holdings, Inc. is engaged in the procurement, development and production of natural resource properties and assets.

Forward-looking Statement

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.