Asia Global Holdings Corporation Launches China TV Entertainment Division to Acquire and Adapt Successful TV Entertainment Properties to China Market

Asia Global Holdings Corporation Launches China TV Entertainment Division to Acquire and Adapt Successful TV Entertainment Properties to China Market

LOS ANGELES, Dec. 6 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (BULLETIN BOARD: AAGH) is very pleased to announce the launch of its China TV Entertainment Division and also that it is in late stages of evaluating a target acquisition with proven success in TV entertainment, global brand value and highly experienced management.

To expand upon its media success in China, Asia Global Holdings Corporation has created a television entertainment division for the purposes of acquiring proven successful television entertainment properties and adapting them to the China market.

Market research studies indicate TV ad sales represent about 75% of the overall ad spending in China's estimated $37 billion advertising market. Reports state television advertising sales in the first 6 months of 2006 totaled $14 billion representing a 22% increase over the same period last year making TV the greatest gainer in ad sales of all China media with newspapers, magazines, radio and outdoor growing 5%, 9%, 15% and 9% respectively.

The aforementioned TV property, in addition to being a proven financial success and globally recognized brand, would bring to Asia Global Holdings Corporation its highly experienced TV entertainment management and production team. Such an acquisition would be in line with the Company's previously stated intentions to accelerate its growth by acquiring or investing in profitable companies and projects with reputable management and high growth potential in greater mainland China.

The China TV entertainment expansion reinforces the statement made previously by the Company's President, Michael Mak, "It is the continued intent of the Company to build Asia Global Holdings into an advertising, media, marketing and entertainment powerhouse in the booming China market."

Asia Global Holdings Corporation recently announced its financial results for the third quarter ended September 30, 2006 including quarterly revenue of $2,017,736, a 394% gain compared to $408,222 in revenues for the third quarter ended September 30, 2005.

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 and marketing services. The Company has offices in the US, Hong Kong and China.

The Company's main operations and headquarters were moved from Los Angeles, California to Hong Kong to facilitate the identification, evaluation and acquisition of greater mainland China opportunities.

Asia Global Holdings Corporation Website: www.asiaglobalholdings.com

Forward looking Statements in this document that 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 that we anticipate in our industry and our good faith estimate of 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 and Exchange Commission website, WWW.SEC.GOV.

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

Source: Asia Global Holdings Corporation

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

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