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| | Business Summary: Asia Global Holdings Corp. provides advertising consultation service in Hong Kong and China. The company is incorporated in 2009 and is based in Central, Hong Kong. | | | Address
Unit 601B, 6th Floor, Tower 1
833 Cheung Sha Wan Road
Kowloon
Phone: 213-243-1505
Website: http://www.asiaglobalholdings.com
| | Auditor |
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ZYCPA Company Limited
| | Transfer Agent |
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Signature Stock Transfer, Inc.
| Employees: 12
| Founded: 2002
Domicile: Nevada | | | |
| | Asia Global Holdings Corp. provides advertising consultation service in Hong Kong and China. The company is incorporated in 2009 and is based in Central, Hong Kong. | | History: INCORPORATED in Nevada Feb. 1, 2002, as Longbow Mining Corp.; name changed to BonusAmerica Worldwide Corp. May 20, 2004; and to Asia Global Holdings Corp. July 17, 2006.
March 1, 2004, acquired BonusAmerica Corp. from Stanford International Holding Corp. for 5,000,000 post-split Common shares. In addition, the company's founders transferred 6,500,000 restricted Common shares to Stanford to complete the transaction. | | | | Subsidiaries: |
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China Media Power Limited
Idea Asia Limited
Sino Trade - Intelligent Development Corp. Limited
Wah Mau Corporate Planning Development (Shenzhen) Company Limited
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Management
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| Officers | Position |
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| Ping-Shun Lai | Secretary, Treasurer, Chief Financial Officer & Chief Executive Officer |
| | Directors |
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| | | | Capitalization as of 03/31/2009: | | | | | Authorized Shares | Outstanding Shares |
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| Common $0.001 par | 300,000,000 | 136,542,000 | | Series A Conv. Preferred $0.001 par | 500,000 | 250,000so2 |
| | | | LONG TERM DEBT: $119,686. | | | | Common $0.001 par | | | | |
Transfer Agent: Signature Stock Transfer, Inc.
Plano
, TX | | | | OTC Bulletin Board( Primary): AAGH | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 0.0000 | 0.0000 | | OTC Bulletin Board | 2008 | 0.1430 | 0.0180 | | OTC Bulletin Board | 2007 | 0.3550 | 0.0400 | | OTC Bulletin Board | 2006 | 0.4100 | 0.0180 | | OTC Bulletin Board | 2005 | 0.1990 | 0.0200 | | OTC Bulletin Board | 2004 | 0.6900 | 0.0800 | | OTC Bulletin Board | 2003 | 0.0400 | 0.0400 |
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| | | | DIVIDENDS: Common $0.001 par: No cash. | | | | | |
so2Closely held. Each Ser. A share is convertible into 200 Common shares. | |
| | Annual Report |
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| | | Income Statement | |
| 2008 | 2007 |
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| REVENUES |
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| | Revenues, Net | 4,968,145 | 10,664,613 | | EXPENSES |
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| | Cost of Revenues | (4,107,219) | (3,495,128) | | Sales and Marketing | (2,177,927) | (1,423,005) | | General and Administrative Expenses | (959,529) | (1,005,592) | | Consulting and Professional Fees | (157,991) | (5,470,213) | | Stock Based Compensation to Executive | (123,750) | (260,877) | | Depreciation and Amortization | (210,359) | (195,960) | | Impairment Loss on Long-lived Assets | (761,062) | (690,611) | | Interest Expense | (87,677) | (77,260) | | Interest Income | 7,155 | 17,868 | | Other Income | 12,821 | 149 | | Earnings before Taxes | (3,597,393) | (1,936,016) | | TAXES AND OTHER EXPENSES |
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| | Provision for Income Tax | 638,440 | (810,609) | | Earnings of Discontinued Operations | (258,386) | (3,161,920) | | Net Income (Loss) | (3,217,339) | (5,908,545) | | SUPPLEMENTARY INFO |
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| | Gross Profit/loss | 860,926.00 | 7,169,485.00 | | Operating Income (Loss) | (3,529,692.00) | (1,876,773.00) | | Basic and diluted EPS - Continuing Operations | (0.02) | (0.03) | | Basic and diluted EPS - Discontinued Operations | - | (0.03) | | Basic and diluted Earnings Per Share Total | (0.02) | (0.06) |
| | | | Balance Sheet | |
| 2008 | 2007 |
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| ASSETS |
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| | CURRENT ASSETS |
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| | Cash and Cash Equivalents | 258 | 846,907 | | Accounts Receivable, Net | - | 2,953,719 | | Income Tax Recoverable | 183,151 | - | | Amounts Due from Related Party | 39,677 | 530,706 | | Prepayments and Other Current Assets | 75,472 | 87,115 | | Restricted Cash | 260,795 | 558,104 | | Total Current Assets | 559,353 | 4,976,551 | | NON CURRENT ASSETS |
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| | Property, Plant and Equipment, Net | 5,564 | 161,034 | | Intangible Assets | 2,038 | 210,674 | | Total Assets | 566,955 | 5,348,259 | | LIABILITIES |
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| | CURRENT LIABILITIES |
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| | Accounts Payable and Accrued Liabilities | 802,485 | 838,239 | | Letters of Credit | 380,128 | 484,006 | | Bank Overdraft Secured | 136,263 | 163,056 | | Secured Bank Loan, Current Portion | 58,442 | 784,600 | | Obligations Under Capital Lease-current Portion | 117,670 | 146,416 | | Income Tax Payable | 11,752 | 435,768 | | Amounts Payable to Related Parties | 8,452 | 106,208 | | Total Current Liabilities | 1,515,192 | 2,958,293 | | NON CURRENT LIABILITIES |
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| | Secured Bank Loans | - | 6,410 | | Obligations Under Capital Leases | - | 92,262 | | Deferred Tax Liabilities | - | 132,091 | | Preferred Stock Convertible | 250 | 400 | | SHAREHOLDERS' EQUITY |
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| | Common Stock - Par Value | 133,362 | 129,862 | | Additional Paid in Capital | 17,941,172 | 17,406,772 | | Accumulated Deficit | (19,015,428) | (15,798,089) | | Accumulated Other Comprehensive (Loss) income | (7,593) | 6,258 | | December | - | 414,000 | | Total Shareholders Equity | (948,237) | 2,159,203 | | Total Liabilities & Shareholders Equity | 566,955 | 5,348,259 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | 40,000 | | 2009 |
2 | Nil | | 2008 |
1 | 1,520,000 | | 2008 |
2 | 2,840,000 | | 2008 |
3 | 4,870,000 | | 2008 |
4 | (4,260,000) | | 2008 |
Full Year
| 4,970,000 | | 2007 |
1 | 830,000 | | 2007 |
2 | 2,190,000 | | 2007 |
3 | 3,840,000 | | 2007 |
4 | 3,920,000 | | 2007 |
Full Year
| 10,780,000 | | 2006 |
1 | 400,000 | | 2006 |
2 | 1,190,000 | | 2006 |
3 | 2,020,000 | | 2006 |
4 | 1,580,000 | | 2006 |
Full Year
| 5,180,000 | | 2005 |
1 | 660,000 | | 2005 |
2 | 650,000 | | 2005 |
3 | 410,000 | | 2005 |
4 | 470,000 | | 2005 |
Full Year
| 2,190,000 | | 2004 |
1 | 880,000 | | 2004 |
2 | 960,000 | | 2004 |
3 | 860,000 | | 2004 |
4 | 1,770,000 | | 2004 |
Full Year
| 4,470,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | (60,000) | | 2009 |
2 | (90,000) | | 2008 |
1 | 490,000 | | 2008 |
2 | 1,450,000 | | 2008 |
3 | 830,000 | | 2008 |
4 | (5,730,000) | | 2008 |
Full Year
| (2,960,000) | | 2007 |
1 | (2,950,000) | | 2007 |
2 | 110,000 | | 2007 |
3 | (970,000) | | 2007 |
4 | (2,210,000) | | 2007 |
Full Year
| (5,910,000) | | 2006 |
1 | (110,000) | | 2006 |
2 | 340,000 | | 2006 |
3 | (880,000) | | 2006 |
4 | 0 | | 2006 |
Full Year
| (6,111,100) | | 2005 |
1 | 0 | | 2005 |
2 | 70,000 | | 2005 |
3 | (20,000) | | 2005 |
Full Year
| (382,400) | | 2004 |
1 | 60,000 | | 2004 |
2 | 40,000 | | 2004 |
3 | (70,000) | | 2004 |
Full Year
| 473,900 |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2008 |
1 | Nil | | 2008 |
2 | .01 | | 2008 |
3 | Nil | | 2008 |
4 | (.04) | | 2008 |
Full Year
| (.02) | | 2007 |
1 | (.04) | | 2007 |
2 | Nil | | 2007 |
3 | (.01) | | 2007 |
4 | (.02) | | 2007 |
Full Year
| (.06) | | 2006 |
1 | Nil | | 2006 |
2 | .02 | | 2006 |
3 | (.03) | | 2006 |
4 | (.09) | | 2006 |
Full Year
| (.21) | | 2005 |
1 | Nil | | 2005 |
2 | Nil | | 2005 |
3 | Nil | | 2005 |
4 | (.02) | | 2005 |
Full Year
| (.02) | | 2004 |
1 | Nil | | 2004 |
2 | Nil | | 2004 |
3 | Nil | | 2004 |
4 | .02 | | 2004 |
Full Year
| .03 |
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