Asia Global Holdings Corp Reports Profitable First Quarter; 84% Increase in Revenues

Asia Global Holdings Corp Reports Profitable First Quarter; 84% Increase in
Revenues

LOS ANGELES, May 20 /PRNewswire-FirstCall/ -- Asia Global Holdings Corp
(OTC Bulletin Board: AAGH) today announced financial results for the first
quarter ended March 31, 2008. In the first three months of this year the
Company had revenues of $1,524,346, up 84% compared to $828,495 in 2007. The
increase is a result of increased sales from the Company's advertising and
media business.
For the quarterly period ended March 31, 2008 Asia Global experienced a
profit of $390,932 compared to a loss of $2,947,163 for the same period in
2007. The increase in profitability is primarily attributed to significantly
lowered costs related to TV entertainment and China business expansion for the
same quarter in 2007.
The recent management shift in the TV entertainment segment is already
showing positive results, according to a Company spokesperson, noting that
wholly-owned subsidiary Idea Asia has, since the beginning of this year,
acquired the rights to present six TV programs in China including Singing Bee,
Blackjack Bowling, Silent Library, You Are What You Eat, Small Talk, and
50/50. The Company intends to continue seeking TV entertainment opportunities
for the China market.
About Asia Global Holdings Corporation
Asia Global Holdings Corporation (OTC 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.
SOURCE Asia Global Holdings Corp

Investor Relations, +1-213-243-1503, ir@AsiaGlobalHoldings.com