LOS ANGELES, Nov. 20 /PRNewswire-FirstCall/ -- Asia Global Holdings Corp (BULLETIN BOARD: AAGH) has announced financial results for the third quarter ended September 30, 2008. In the first nine months of 2008 the Company's year-on-year revenues grew 35% to $9,234,465 with net income of $2,593,623. The increase is a result of increased sales from the Company's advertising and media business.
For the three months ended September 30, 2008 the Company experienced a net income of $825,858 compared to a net loss of $967,449 for the same period in 2007. The increase in profitability is primarily attributed to increased sales and profits from the Media and Advertising segment.
For the nine-month period ending September 30, 2008 the company reported earning per share (EPS) of $0.02. Management projects the year end EPS to exceed this figure.
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/.
