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November 14, 2006 - 10:01 AM EST
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Asia Global Holdings Corporation Demands Removal From Listing on Berlin Stock Exchange
LOS ANGELES, Nov. 14 /PRNewswire-FirstCall/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) announced today that on Friday, it was made aware that the Company had been listed on the Berlin-Bremen Stock Exchange without the Company's permission or consent. Listing of shares on the Berlin-Bremen Stock Exchange has in the past been associated with naked shorting of shares in the United States.
Mr. Michael Mak, Asia Global Holdings CEO stated, 'The Company is presently investigating this matter and is very concerned regarding the unauthorized listing and has requested that the Berlin Exchange remove the Company's stock from the exchange. Investors interested in acquiring shares of Asia Global Holdings security should do so only on the NASDAQ over the counter Bulletin Board under the trading symbol AAGH.
Mr. Michael Mak further stated, 'The Company is in the process of taking steps to protect its shareholders from potential illegal naked shorting of its security in violation of NASD Rule 3370. The Company is in the process of acquiring its NOBO list and upon receipt will immediately turn it over to the Company's attorneys to examine for discrepancies in share structure.
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 and marketing services. The Company has offices in the US, Hong Kong and China.
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 our 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.
SOURCE Asia Global Holdings Corporation
Source: PR Newswire (November 14, 2006 - 10:01 AM EST)
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