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| | #1 (permalink) |
| Member Join Date: Jun 2006
Posts: 195
![]() | 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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| | #2 (permalink) |
| Join Date: Jul 2006
Posts: 9
![]() | Looks good at first glance...Lets see how the stock reacts tomorrow.
__________________ DD tools: www.pinksheets.com www.otcbb.com http://finance.yahoo.com www.bigcharts.com www.otcbbchief.com |
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| | #5 (permalink) |
| Member Join Date: Jul 2006
Posts: 62
![]() | 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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| | #7 (permalink) |
| Member Join Date: Jul 2006
Posts: 62
![]() | >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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| | #10 (permalink) |
| Member Join Date: Jan 2007
Posts: 80
![]() | 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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