LOS ANGELES, June 19 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (BULLETIN BOARD: AAGH) announces that it plans to launch its China consumer Internet media platform in 2008. Its first new online service will be the reactivated "Coupons Rewards and Savings" coupon portal repositioned for the China consumer market.
The new Internet platform will serve as the Company's core online revenue generating platform for consumer business in China. In February China surpassed the US in total number of Internet users when the PRC online users count hit 220 million. At year end 2007 the number of China online users had grown 53% over the previous year according to the China Internet Network Information Center (CINIC). Other reports indicate that monthly Internet usage per person in China could be as much as 13 times greater than usage per person in the US.
With the new "Coupons Rewards and Savings" positioned for the PRC market, the Company plans to build a solid online customer base upon which to build future consumer services. "The emerging middle class in China will soon have a population larger than the total population of the US, our new online platform is an ideal vehicle to cater to this market," says John Leper, a Director of Asia Global Holdings.
The Company is also developing synergistic revenue channels that will combine its new Internet platform with its other media products.
Recently Asia Global Holdings announced the relocation of its headquarters offices in Hong Kong and plans to open a new sales and distribution office in Shanghai.
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (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, 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/.
