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| | Business Summary: Asia Global Holdings Corp., together with its subsidiaries, provides media and advertising solutions to manufacturers and suppliers in Asia, North America, Europe, and Canada. | | | Address
Unit 601B, 6th Floor, Tower 1
833 Cheung Sha Wan Road
Kowloon
Phone: 213-243-1505
Website: http://www.asiaglobalholdings.com
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ZYCPA Company Limited
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Signature Stock Transfer, Inc.
| Employees: 51
| Founded: 2002
Domicile: Nevada | | | |
| | Asia Global Holdings Corp., together with its subsidiaries, provides media and advertising solutions to manufacturers and suppliers in Asia, North America, Europe, and Canada. It offers business-to-business media and advertising services, including business directories and trade publications, Internet direct marketing services, and international trade portal and search engine marketing and advertising services; China Supplier Guide, a directory listing China manufacturers and suppliers; and marketing services that include email marketing and traditional direct marketing services. The company also provides business-to-consumer media and advertising services through its consumer Internet portals. In addition, it is involved in TV advertising and distribution, and produces and distributes interactive content included in TV shows. The company, formerly known as BonusAmerica Worldwide Corporation, was founded in 2002 and is headquartered in Kowloon, Hong Kong with additional offices in the United States and mainland China. | | 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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| John A. Leper | Chairman, Chief Financial Officer & Chief Executive Officer | | Lee Kwong Hin | Secretary |
| | Directors |
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| Lee Kwong Hin | | John A. Leper | | | |
| | | | 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): AAGHE | | | | Exchange | Year | High | Low |
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| 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 | | 2008 |
1 | 1,520,000 | | 2008 |
2 | 2,840,000 | | 2008 |
3 | 4,870,000 | | 2008 |
4 | (4,270,000) | | 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) | | 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 | | 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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