Currently
Up until 2006 the primary lines of business of the Company were direct marketing, Internet commerce and media. We engaged in business-to-consumer retail sales, business-to-business media and advertising services sales, and international business-to-business media and services sales.
In 2006 we shifted our focus away from the Internet consumer retail business to concentrate our resources on the growth of our media and advertising business in Asia - specifically China and Hong Kong. We moved our main operations and headquarters from our Los Angeles, California office to our Hong Kong office to facilitate the identification, evaluation and acquisition of opportunities in Asia ahead of the competition.
As we anticipated, the relocating of our headquarters to Hong Kong broadened our access to the marketplace resulting in the materialization of what we believe to be an exceptional opportunity to capitalize on the strongly emerging TV advertising media business in mainland China - specifically - the acquisition of the rights to produce and broadcast the global phenomenon Who Wants To Be A Millionaire? TV show in China and generate revenue from the sale of the advertising and the interactive viewer participation features that air during the show broadcasts. Having the exclusive interactive rights for the show in China we also are now capitalizing on the enormously popular interactive applications market in China.
In 2007, continuing to advance our strategic focus on media and advertising, we changed our accounting segmentation to better reflect and analyze our business. Whereas our old segmentation divided our business into the categories of 1) Media & Advertising and 2) Online Retailing, our new segmentation divides our business into the categories of 1) Media & Advertising, 2) TV Entertainment and
3) AAGH Corporate. A detailed breakout of the products and services comprising these two segments is given in the section titled "Our Products and Services".
Further to more clearly reflect our business we have eliminated the geographic breakout comprising the US as we are not currently selling products or services in the US. We will maintain our US office in Los Angeles California for the purpose of seeking out, evaluating and acquiring investment opportunities in the United States and Europe.
Our revenues for the first nine months of 2007 were $6,861,823 with an increase of 90.5%, $3,259,259 compared to revenues of $3,602,564 for the same period in 2006.
While revenues have increased over the 12 month period, we have not yet been able to raise the additional capital required to execute many components of our overall business plan. As such, some of our plans will remain inactive while we focus the resources we have available on only the opportunities with the greatest potential for long-term success and benefit for shareholders.
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