Asia Global Holdings Corporation Posts July 2006 profits of $609,708 on $1,012,564 revenue, up 745% and 590% respectively over last year; plans to expand its involvement in advertising and media in China Friday September 1, 8:01 am ET
LOS ANGELES, Sept. 1 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH - News), formerly BonusAmerica Worldwide Corporation, posted profits of $609,708 on $1,012,564 revenue in the month of July 2006. This represents increases of 745% and 590% respectively over July 2005 profits and revenues of $81,738 and $171,410.
ADVERTISEMENT With continued positive results from its advertising and media segment in China, the Company intends to step up its involvement in the segment. Management plans to continue to grow revenue and profits through the acquisition of or investment in established companies and projects in the China advertising and media segment with strong management and high growth potential.
The Company is maintaining its strong focus on the China market.
The Company recently announced its financial results for the second quarter ended June 30, 2006 which showed an 83% gain in quarterly revenue of $1,189,210 compared to $649,383 in revenues for the second quarter ended June 30, 2005. The financial results also showed a net income for the quarter of $335,578 which is an increase of 370% compared to a gross profit of $71,255 for the quarter ended June 30, 2005.
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH - News) has a strong focus on building business in China and other emerging regions and markets in Asia and worldwide. The company's present subsidiaries participate in media & advertising and marketing services. The Company has offices in the US, Hong Kong and China.
Forward looking Statements in this document that are not historical fact as "forward-looking statements" as that term is defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on trends that we anticipate in our industry and our good faith estimate of the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause of actual business and results of operations to differ materially from those reflected in our forward-looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities and Exchange Commission website, http://www.sec.gov. Posted by stephan on :