ASIA GLOBAL HOLDINGS CRP
Asia Global Holdings Corporation Issues Shareholder Update; New Business Division and NOBO List Forthcoming
11/8/2006
LOS ANGELES, Nov 08, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) is pleased to update shareholders on current events.
The Company recently announced its July 2006 profits were up 745% over the previous years July profits.
Asia Global Holdings Corporation, on November 8, 2006, began the process of ordering a current NOBO list from ADP Investor Communications which it expects to receive within two weeks. It is anticipated that this listing will provide complete visibility of stock ownership by name which is not available through the transfer agent. This action prevents any undelivered stock positions from going undetected.
The Company is also pleased to announce that it plans to open a new business division to handle entertainment projects in China, with the initial efforts being directed at television. Further details will be released soon. "It is the continued intent of the Company to build Asia Global Holdings into an advertising, media, marketing and entertainment powerhouse in the booming China markets," said Michael Mak, President of Asia Global Holdings Corp.
The company is continuing to maintain its strong focus on the greater mainland China market. Asia Global Holdings is presently reviewing various acquisition targets which, when completed, are anticipated to add a steady stream of revenue for the Company. We are in the final stages of evaluating key targets and any agreements for acquisitions will be made public as they occur.
About Asia Global Holdings Corp. www.asiaglobalholdings.com
Asia Global Holdings Corp. presently offers advertising, media and marketing services that meet the needs of marketers and advertisers throughout greater mainland China. Services include Internet Marketing and Traditional Advertising. The Company also works closely with advertisers in China to help them implement effective media solutions.
The Company\'s main operations and headquarters were moved from Los Angeles, California to Hong Kong to facilitate the identification, evaluation and acquisition of greater mainland China opportunities. The Company has stated previously that it intends to accelerate its growth by acquiring or investing in profitable companies and projects with reputable management and high growth potential in greater mainland China.
On September 1, 2006, a control block of Series A Preferred shares were issued to the Company\'s founder and President, Mr. Michael Mak. These shares were issued to Mr. Mak in response to the tremendous growth the Company has experienced during the past three years under Mr. Mak\'s oversight and control. Mr. Mak has not converted any of the Series A shares into common stock and further, has no present intention of converting the Series A shares. Mr. Mak is an affiliate of the Company and any conversion of the Series A shares by Mr. Mak, while an affiliate of the Company, would result in the issuance of 144 restricted shares.
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
Investor Relations of Asia Global Holdings Corporation, +1-213-243-1503, ir@AsiaGlobalHoldings.com http://www.asiaglobalholdings.com
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