Asia Global Holdings Corporation Posts Third Member Rated: posted November 22, 2006 02:49 -------------------------------------------------------------------------------- AAGH .065
Asia Global Holdings Corporation Posts Third Quarter Revenues of $2,017,736 Up 394% From Third Quarter 2005 11/21/2006
LOS ANGELES, Nov 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) announced its financial results for the third quarter ended September 30, 2006 including quarterly revenue of $2,017,736, a 394% gain compared to $408,222 in revenues for the third quarter ended September 30, 2005.
The Company's profit before provision for income tax in the three months ended 30 September 2006 was $1,022,005.64. Fees in the sum of $1,643,750 paid in common stock, not cash, in the 3rd quarter offset the above-mentioned normal business operation results and brought about a net loss of $693,643 for the three months ended 30 September 2006. The fees were settled in the form of issuance of common stock resulting in no effect to the cash flow in the period.
The Company attributes its positive increase in profits from normal business operations to increased sales and profits in its media & advertising segment in China and Hong Kong, and tightly controlled expenses.
In the second quarter of this year the Company posted revenue and income growth with revenue and profits up 83% and 370% respectively over its 2005 second quarter.
Management has stated that it intends to continue its efforts to build Asia Global Holdings Corp. into an advertising, media, marketing and entertainment powerhouse in the booming China markets.
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) 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, WWW.SEC.GOV.
SOURCE Asia Global Holdings Corporation
Asia Global Holdings Corporation, Investor Relations, +1-213-243-1503, ir*AsiaGlobalHoldings.com http://www.asiaglobalholdings.com From Third Quarter 2005 11/21/2006
LOS ANGELES, Nov 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) announced its financial results for the third quarter ended September 30, 2006 including quarterly revenue of $2,017,736, a 394% gain compared to $408,222 in revenues for the third quarter ended September 30, 2005.
The Company's profit before provision for income tax in the three months ended 30 September 2006 was $1,022,005.64. Fees in the sum of $1,643,750 paid in common stock, not cash, in the 3rd quarter offset the above-mentioned normal business operation results and brought about a net loss of $693,643 for the three months ended 30 September 2006. The fees were settled in the form of issuance of common stock resulting in no effect to the cash flow in the period.
The Company attributes its positive increase in profits from normal business operations to increased sales and profits in its media & advertising segment in China and Hong Kong, and tightly controlled expenses.
In the second quarter of this year the Company posted revenue and income growth with revenue and profits up 83% and 370% respectively over its 2005 second quarter.
Management has stated that it intends to continue its efforts to build Asia Global Holdings Corp. into an advertising, media, marketing and entertainment powerhouse in the booming China markets.
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) 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, WWW.SEC.GOV.
SOURCE Asia Global Holdings Corporation
Asia Global Holdings Corporation, Investor Relations, +1-213-243-1503, ir*AsiaGlobalHoldings.com http://www.asiaglobalholdings.com Posted by jas2mel on :
Anyone know share structure or L2's. Volume still needs a little boost. Good one to maybe Radar.
Posted by jas2mel on :
21,800,000 shares outstanding FYI
Posted by moe77sco on :
Press Release Source: Asia Global Holdings Corp.
Asia Global Holdings Corp to Order NOBO List to Clarify All Owners of Its Issued and Outstanding Shares 29,862,000, October 13, 2006 Friday October 13, 1:00 pm ET
LOS ANGELES, Oct. 13 /PRNewswire-FirstCall/ -- Asia Global Holdings Corp. (OTC Bulletin Board: AAGH - News) is ordering a current NOBO list from ADP Investor Communications. The NOBO list stands for Non Objecting Beneficial Ownership, and provides a complete ownership profile by name that is not available with our transfer agent. ADVERTISEMENT
"This action will identify any possible issues regarding failure to deliver positions in our stock which could be very significant to our company and our shareholders," said Michael Mak, President of Asia Global Holdings Corp.
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Posted by will on :
The number of shares outstanding of each of the Registrant's classes of common stock, as of September 30, 2006 was 29,862,000 shares, all of one class of $0.001 par value Common Stock.