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Old Mon, 08-14-2006, 07:14 PM   #1 (permalink)
pennytrader
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AAGH 10Q is out!

http://xml.10kwizard.com/filing_raw....&ipage=4332365

this has been a great play since thursday, but with these earnings i think there is still A LOT of upside!
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Old Mon, 08-14-2006, 07:22 PM   #2 (permalink)
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Looks good at first glance...Lets see how the stock reacts tomorrow.
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Old Tue, 08-15-2006, 03:58 PM   #3 (permalink)
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AAGH had another good day!
closing at hod of .238
lots of buying pressure in the last 15 minutes
expect more of this tomorrow!
glta
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Old Wed, 08-16-2006, 05:18 AM   #4 (permalink)
stockholder11
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I think we will see 0.50 soon
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Old Wed, 08-16-2006, 05:21 AM   #5 (permalink)
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PART 1: FINANCIAL INFORMATION


Asia Global Holdings Corp. (formerly known as BonusAmerica Worldwide
Corp.) and Subsidiaries
Condensed Consolidated Balance Sheet


June 30,2006
(Unaudited) December 31, 2005
(audited)

ASSETS
Current assets
Cash and cash equivalents $ 8,702 49,134
Restricted cash 284,138 279,365
Accounts receivable 1,565,053 586,090
Prepaid and other current assets 581,655 340,507
Amount due from related parties 119,327 461,460
Total current assets 2,558,875 1,716,556

Property, plant, and equipment, net 73,750 97,681
Intangible assets, net 406,975 546,623

Total assets $ 3,039,600 2,360,860

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Bank overdraft, secured $ 25,507 411
Secured bank loan - current portion 297,754 85,471
Letters of credit 102,019 100,641
Accounts payable and accrued liabilities 792,416 574,348
Income tax payable 59,585 194,793
Amounts due to related parties 2,949 6,401
Total current liabilities 1,280,230 962,065

Long-term liabilities
Secured bank loan 99,715 142,449
Deferred taxation 32,109 32,109
Total long-term liabilities 131,824 174,558

Total liabilities 1,412,054 1,136,623


Stockholders' equity
Common stock, $0.001 par value; 75,000,000 shares authorized:
Issued and outstanding: 21,812 19,862
6/30/06: 21,812,000
12/31/05: 19,862,000
Other comprehensive income 3,627 3,711
Additional paid-in capital 1,392,645 1,219,095
Retained earnings 209,462 (18,431
Total stockholders' equity 1,627,546 1,224,237

Total liabilities and stockholders' equity $ 3,039,600 2,360,860


See condensed notes to consolidated financial statements.


- 4 -
--------------------------------------------------------------------------------



Asia Global Holdings Corp. (formerly known as BonusAmerica Worldwide Corp.) and Subsidiaries Condensed Consolidated Statements of Operations


Three Months Ended Six Months Ended
June 30, 2006
(Unaudited) June 30, 2005
(Unaudited) June 30, 2006
(Unaudited) June 30, 2005
(Unaudited)
Revenues 1,189,210 649,383 1,584,828 1,309,325

Cost of revenues (342,446 ) (166,630 ) (407,318 ) (213,157 )

Gross profit 846,764 482,753 1,177,510 1,096,168

Selling, general and administrative expenses (326,627 ) (248,336 ) (701,896 ) (741,348 )
Depreciation and amortization (81,789 ) (108,509 ) (163,579 ) (218,175 )

Operating income 438,348 125,908 312,035 136,645

Other income (expense)
Other income 6,914 10,219 63,044 14,598
Interest expenses (9,992 ) - (16,724 ) -
Total other income (expense) (3,078 ) 10,219 46,320 14,598

Income before income taxes 435,270 136,127 358,355 151,243

Provision for income taxes (99,692 ) (64,872 ) (130,462 ) (78,974 )

Net income $ 335,578 $ 71,255 $ 227,893 $ 72,269



Basic and diluted income per share: $ 0.02 $ - $ 0.01 $ -

Basic and diluted weighted average shares outstanding 21,583,271 19,862,000 21,787,556 19,862,000



See condensed notes to consolidated financial statements.


- 5 -
--------------------------------------------------------------------------------



Asia Global Holdings Corp. (formerly known as BonusAmerica Worldwide Corp.) and Subsidiaries Condensed Consolidated Statement of Cash Flows
Six Months Ended
June 30, 2006
(Unaudited) June 30, 2005
(Unaudited )
Cash flows from operating activities:
Net income $ 227,893 $ 72,269
Adjustments to reconcile net income to net cash
provided by operating activities:
Common stock issued for services rendered 175,500 -
Depreciation and amortization 163,579 218,175
Provision for income taxes 130,462 78,974
Changes in operating assets:
Accounts receivable (978,963 ) 39,609
Inventories - 113,029
Prepaid and other current assets (241,148 ) (23,897 )
Accounts payable and accrued liabilities 218,068 (95,621 )
Income tax (265,670 ) (1,323 )
Net cash (used in) provided by operating activities (570,279 ) 401,215

Cash flows from investing activities:
Increase in restricted cash (4,773 ) -
Purchases of equipment - (2,515 )
Cash paid for intangible assets - (47,102 )
Net cash used in investing activities (4,773 ) (49,617 )

Cash flows from financing activities:
Bank overdraft 25,096 -
Advances under letters of credit 1,378 -
New bank loan raised 253,018 -
Repayments of bank loan (83,470 ) -
Loan from a director - (300,047 )
Repayment(Advance) to related parties 338,681 (199,919 )
Amounts due from (to) related parties - 81,324
Net cash provided by (used in) financing activities 534,703 (418,642 )

Net decrease in cash and cash equivalents (40,349 ) (67,044 )

Effect of foreign currencies on cash flows (83 ) (793 )

Cash and cash equivalents, beginning of period 49,134 88,317

Cash and cash equivalents, end of period $ 8,702 $ 20,480
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Old Wed, 08-16-2006, 05:28 AM   #6 (permalink)
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Outstanding Shares: 22.1 million
Float - 8.1 million
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Old Thu, 08-17-2006, 06:31 AM   #7 (permalink)
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>From: "Investor Relations " <ir@asiaglobalholdings.com >
>To: "Rob Rider'" <lipton2121@yahoo.com>
>Subject: RE: Current shareholder
>Date: Wed, 16 Aug 2006 18:49:08 -0400
> Dear Rob ,
> Thank you for your concern regarding our company. Sorry for the delay in >our response . In regards to the rumor with IBM , it is true. We are currently >in finalization of a contract with IBM. We will update our shareholders >regarding this matter as late as next week. Now in regards to a press >release for our earnings , we are doing our best to release it to the public >by the end of this week.
>
>
>Regards,
>
>Investor Relations
>834 S. Broadway, 5th Floor
>Los Angeles, CA 90014


>-----Original Message-----
>From: Rob Rider[mailto:lipton2121@yahoo.com]
>Sent: Tuesday, Aug 15, 2006 9:38 AM
>To: ir@asiaglobalholdings.com
>Subject: Current shareholder
>
>To whom it may concern,
> I have been a long a shareholder with this company for quite a while. I am >just wondering about some rumors that Ive been hearing on boards >regarding IBM , or a deal with IBM , is that true? And my second question >is , are you going to be releasing a pr about the earnings for this quarter >and if so please let me know when. Thank you. I hope to hear from you >soon.
>
>Regards ,
>Rob Rider
>
>_________________________________________________ ________________
>Express yourself instantly with MSN Messenger! Download today it's FREE!
>Penny stocks, stock picks and message board
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Old Sun, 01-14-2007, 10:45 PM   #8 (permalink)
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Forming a bullish pennant with volume decreasing, resistance at 40DMA.
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Old Tue, 01-16-2007, 11:28 PM   #9 (permalink)
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Breakout Bullish pennant on decent volume.
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Old Wed, 01-17-2007, 11:55 AM   #10 (permalink)
rxtech
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aagh-who wants to be a millionaire

does anyone know when are they going ahead with the "who wants to be a millionaire" in china, its going to be a huge success, with that we might see good sp, a programme like this was very popular in the indian subcontinent, i hope the same happens in china,
cheers,
rxtech
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