Asia Global Holdings Corp. (fka AAGH)

[connome]

Press Release Source: Asia Global Holdings Corp

Asia Global Holdings Corp Reports Profitable Second Quarter; 45% Increase in Total Revenues and 228% Profit Increase in Media and Advertising Segment
Thursday August 14, 9:00 am ET

LOS ANGELES, Aug. 14 /PRNewswire-FirstCall/ -- Asia Global Holdings Corp (OTC Bulletin Board: AAGH - News) announced financial results for the first quarter ended June 30, 2008. In the first six months of 2008 the Company's year-on-year revenues grew 45% to $4,362,285 with net income of $1,767,765. The increase is a result of increased sales from the Company's advertising and media business where it experienced a 228% increase in profits compared to the same period last year.
During the first half of 2008 the Company completely revamped its TV entertainment business strategy expanding its TV show catalogue to include over ten program formats for which its Idea Asia Limited wholly-owned subsidiary has exclusive distribution rights in China. Also during this period the subsidiary opened new negotiations with PRC TV broadcasters for the new shows and expects to gain distribution traction by the end of the year.

About Asia Global Holdings Corporation

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, marketing services and TV entertainment. The Company has offices in the US, Hong Kong and China.

Asia Global Holdings Corporation Website:
http://www.asiaglobalholdings.com

Forward-looking statements in this document 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 we anticipate in our industry and our good faith estimate on 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 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 Exchange Commission website, http://www.sec.gov.


Source: Asia Global Holdings Corp