XI'AN, China, Aug 19, 2008 (BUSINESS WIRE) ----Asia Cork Inc., formerly known as Hankersen International Corp., (OTCBB: AKRK), a leading manufacturer of cork-based environmentally-friendly building materials for the Chinese and international building industry, announced financial results for the second quarter and the six months ended June 30, 2008.

For the second quarter of 2008, revenues were approximately $6.37 million, a 79% increase from approximately $3.55 million of revenues generated in the comparable quarter in 2007. On a sequential basis, revenue for the second quarter increased 153% from approximately $2.52 million for the first quarter of 2008. The increase was primarily due to the company's expanded sales efforts and increased unit sales prices. Selling expenses were $832,792, up from $384,473 reported in the comparable quarter in 2007, which reflects the company's strategic focus on expanding its sources of revenue.

Gross Profit increased 126% to approximately $2.19 million for the second quarter of 2008 from $969,090 for the comparable period in 2007. Gross profit percentage for the quarter was 34.45%, which compares to a 27.3% for the same quarter in 2007. Net income for the quarter was $761,675 or $0.02 diluted EPS, compared to a net income of $389,021 or $0.01 diluted EPS for the same quarter last year. Sequentially, net income for the second quarter increased 95% from $390,182 for the first quarter of 2008.

For the six months ended June 30, 2008, Asia Cork reported revenue of approximately $8.88 million, an increase of 68% from approximately $5.28 million of revenues generated in the first six months of 2007. Gross profit increased 121% to $3.03 million for the six months ended June 30, 2008, up from approximately $1.37 million for the comparable period of 2007. Gross profit percentage for the first six months of 2008 was 34.07%, up from the 25.93% reported in the comparable period of 2007. Net income was approximately $1.15 million, which compares to net income of $498,414 for the six months ended June 30, 2007.

Asia Cork CEO Pengcheng Chen said, "Asia Cork has demonstrated continued growth in both revenue and net income. Gross profit as a percentage of revenue also increased mainly as a result of our increased sales in finished products with a higher profit margin. Looking forward in 2008, Asia Cork hopes to continue to become a leading world-wide contributor in the green building materials market, not only by the expansion of manufacturing facilities, but also from the strategic vertical integration of the raw material industry."

The financial statements follow.

About Asia Cork Inc.

Located in Xi'an, China, Asia Cork, Inc. is a rapidly growing leader in the development, manufacturing and marketing of cork-based building materials. Cork is a 'green' renewable resource harvested only from the bark of the cork oak tree, thus leaving forests generally undamaged. The company's product lines include raw cork materials, semi-finished cork and finished cork products such as cork floorboards and cork wallboards. Approximately 75% of the company's products are sold within China and the rest are sold overseas to customers in the United States, Germany, Japan and India. The company currently capitalizes on four technological patents, to which the company has exclusive rights. The company operates in China under the Xi'an Hanxin brand. More information may be found at http://www.hxrm.com.

An investment profile on Asia Cork, Inc. may be found at http://www.hawkassociates.com/profile/akrk.cfm. For an online investor relations kit, visit http://www.hawkassociates.com or http://www.americanmicrocaps.com. For more investor-related questions, contact Frank Hawkins, Hawk Associates, at 305-451-1888, e-mail: Asia.cork@hawkassociates.com. To subscribe to future releases via e-mail alert, visit http://www.hawkassociates.com/about/alert/.

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

 ASIA CORK INC. AND SUBSIDIARIES
   (FORMERLY HANKERSEN INTERNATIONAL CORP. AND SUBSIDIARIES) CONSOLIDATED BALANCE SHEET June 30, 2008 December 31, 2007 ---------------
   ----------------- Unaudited Audited Assets Current Assets Cash and equivalents $468,219 $367,396 Accounts receivable, net
   of allowance for doubtful accounts of $15,571 and $12,210, respectively 3,098,688 2,429,772 Inventories 2,342,743 920,140
   Advance to suppliers 2,829,540 2,375,174 Prepayments and other current assets 85,827 16,111 --------------- -----------------
   Total Current Assets 8,825,017 6,108,593 --------------- ----------------- Property and Equipment - Net 4,157,235 1,754,830
   Deposit for Purchase of Fixed Assets 2,011,926 1,891,810 Deposit for Purchase of Intangible Assets 1,457,917 1,370,877 Deposit
   for Acquisition 1,457,917 1,370,877 Construction in Progress 689,595 2,821,817 Investment - At Cost 2,041,084 1,919,228 Intangible
   Assets - Net 172,961 161,073 --------------- ----------------- Total Assets 20,813,652 17,399,105 =============== =================
   Liabilities and Stockholders' Equity Current Liabilities Accounts payable and accrued expenses 1,326,121 956,519 Loan payable
   437,375 534,642 Convertible note 700,000 - Customer deposit 147,133 - Taxes payable 795,880 767,764 Due to stockholders/officers
   176,751 166,199 Other current liabilities 24,554 15,039 --------------- ----------------- Total Current Liabilities 3,607,814
   2,440,163 --------------- ----------------- Total Liabilities 3,607,814 2,440,163 =============== ================= Minority
   Interest 1,617,564 1,522,318 Stockholders' Equity Common stock, $0.0001 par value, 200,000,000 shares authorized, 35,413,850
   issued and outstanding, respectively 3,541 3,541 Additional paid-in capital 4,400,971 4,396,772 Reserve funds 1,741,715 1,741,715
   Retained earnings 6,881,487 5,729,630 Accumulated other comprehensives income 2,560,560 1,564,966 --------------- -----------------
   Total Stockholders' Equity 15,588,274 13,436,624 --------------- ----------------- Total Liabilities and Stockholders' Equity
   $20,813,652 $17,399,105 =============== ================= 

 ASIA CORK INC. AND SUBSIDIARIES (FORMERLY HANKERSEN
   INTERNATIONAL CORP. AND SUBSIDIARIES) CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) For Three Months Ended For Six Months
   Ended June 30, June 30, ----------------------- ---------------------- 2008 2007 2008 2007 ----------- ----------- -----------
   ---------- Unaudited Unaudited Unaudited Unaudited Revenues $6,366,384 $3,550,064 $8,882,729 $5,276,391 Cost of Goods Sold
   4,173,021 2,580,974 5,856,120 3,908,256 ----------- ----------- ----------- ---------- Gross Profit 2,193,363 969,090 3,026,609
   1,368,135 ----------- ----------- ----------- ---------- Operating Expenses Selling expenses 832,792 384,473 1,112,086 585,314
   General and administrative expense 341,248 87,284 414,717 202,087 ----------- ----------- ----------- ---------- Total Operating
   Expenses 1,174,040 471,757 1,526,803 787,401 ----------- ----------- ----------- ---------- Income From Operations 1,019,323
   497,333 1,499,806 580,734 ----------- ----------- ----------- ---------- Other Income (Expense) Interest (expense) income,
   net (19,835) (16,120) (32,388) 22,070 Other (expense) income, net (29,177) 18,716 4,966 36,468 ----------- ----------- -----------
   ---------- Total Other (Expense) Income (49,012) 2,596 (27,422) 58,538 ----------- ----------- ----------- ---------- Income
   Before Taxes and Minority Interest 970,311 499,929 1,472,384 639,272 Income Tax Provision 148,490 75,714 225,281 96,595 -----------
   ----------- ----------- ---------- Income Before Minority Interest 821,821 424,215 1,247,103 542,677 Minority Interest 60,146
   35,194 95,246 44,263 ----------- ----------- ----------- ---------- Net Income $761,675 $389,021 $1,151,857 $498,414 ===========
   =========== =========== ========== Other Comprehensive Income: Foreign Currency Translation Gain 381,206 164,031 995,594 205,118
   ----------- ----------- ----------- ---------- Comprehensive Income $1,142,881 $553,052 $2,147,451 $703,532 =========== ===========
   =========== ========== Net Income Per Common Share - Basic $0.02 $0.01 $0.03 $0.01 =========== =========== =========== ==========
   - Diluted: $0.02 $0.01 $0.03 $0.01 =========== =========== =========== ========== Weighted Common Shares Outstanding(1) -
   Basic 35,413,850 35,413,850 35,413,850 35,413,850 =========== =========== =========== ========== - Diluted: 35,413,850 35,413,850
   35,413,850 35,413,850 =========== =========== =========== ========== (1) As restated to reflect recapitalization and the subsequent
   reverse stock split. 

SOURCE: Asia Cork Inc.

for Asia Cork Inc. Hawk Associates Frank Hawkins, 305-451-1888
   Asia.cork@hawkassociates.com 

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