Asia Global Holdings Corp. (fka AAGH)

[Alibaba100]

NEWS AGAIN!!! NEW AND GOOD NEWS AGAIN!!!!
http://biz.yahoo.com/prnews/080226/latu121.html?.v=96

Press Release Source: Asia Global Holdings Corporation

Asia Global Holdings Corporation Management Announces Projected Annual Financials
Tuesday February 26, 9:00 am ET

LOS ANGELES, Feb 26 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH - News) has announced that management account results for the year 2007 show the annual revenue from its media & advertising business segment at approximately $10,664,613, a 106.79% increase over the 2006 revenue of $5,157,174. Gross profit for year 2007 is approximately $7,169,485, a 120.22% increase over the 2006 figure of $3,255,561. Gross profit percentage has also accordingly risen, from 63.1% in 2006 to 67.2% in 2007, as a result of greater economies of scale. The abovementioned results validate the Company's sizable and sustainable growth in the media & advertising segment.

"We are delighted with the persistent growth in the media and advertising business and we remain very optimistic that this segment will continue to hold tremendous opportunity for growth. This provides us with strong leverage to continue exploring additional opportunities. As a matter of fact, the company is well positioned to absorb the cost of opportunity related to our restructuring of TV entertainment so that we can continue to capitalize on the emergence of the China economy," according to a company spokesperson.

Due to the robust performance of the media and advertising segment, the Company's liquidity and capital resources stay solid. At the end of year 2007, management account showed a cash and cash equivalent of $841,632.36 and pledged bank deposit of $558,103.68.