Asia Global Holdings Corporation Management Announces 90% Increase in Third Quarter Revenues from Media & Advertising Business Segment Over Same Period Last Year; Segment Profits Approximately $1,481,462.

Asia Global Holdings Corporation Management Announces 90% Increase in Third Quarter Revenues from Media & Advertising Business Segment Over Same Period Last Year; Segment Profits Approximately $1,481,462.

LOS ANGELES, Nov. 5 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (BULLETIN BOARD: AAGH) has announced that management account results for the third quarter ended September 30, 2007 show the quarter's revenues from its media & advertising business segment at approximately $3,843,451 representing an approximate 90% increase compared to revenues of $2,017,736 for the third quarter ended September 30, 2006. Further, unaudited segment income for the third quarter this year is approximately $1,481,462 compared to $855,232 for the quarter ended September 30, 2006. Actual third quarter financial results will be available in the Company's quarterly report.

Beginning with the third quarter the Company changed its financial segmentation moving all TV entertainment related business, conducted by its subsidiary China Media Power, from its "Media & Advertising" segment into a segment titled "TV Entertainment" while leaving its longer-standing non-broadcast media and advertising business in the "Media & Advertising" segment.

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 of 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/.

First Call Analyst:
FCMN Contact: Transmedia@aol.com

Source: Asia Global Holdings Corporation

CONTACT: Investor Relations of Asia Global Holdings Corporation,
+1-213-243-1503, ir@AsiaGlobalHoldings.com

Web site: http://www.asiaglobalholdings.com/

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Profile: International Entertainment