ADGS Advisory, Inc. Announces SEC Deregistration
Filing Services Canada - Mon Jul 13, 7:25AM CDT
ADGS Advisory, Inc. Announces SEC Deregistration Hong Kong (FSCwire) - ADGS Advisory, Inc. (ADGS or the Company) (OTC:ADGS) today announced its decision to file a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the Act). ADGS is eligible to deregister its common stock by filing a Form 15 under Section 12(g) of the Act because the Company currently has fewer than 300 holders of record of its common stock. The Company intends to file the Form 15 on July 14, 2015. Upon the filing of the Form 15, the Companys obligation to file periodic reports, such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under Section 13(a) of the Act will be suspended immediately. The deregistration under Section 12(g) of the Act is expected to be effective 90 days after the filing of the Form 15 at which time the Companys other filing requirements under Section 13(a) of the Act will terminate. The decision of the Companys Board of Directors to deregister its common stock was based on the consideration of numerous factors, including but not limited to the large costs of preparing and filing periodic reports with the SEC, the burdens placed on management to comply with US reporting requirements, the low trading volume in the Companys common stock in the US and the intention of the Company to have its shares listed for trading on The Stock Exchange of Hong Kong Limited on the Growth Enterprise Market in order to potentially improve liquidity and market recognition given the Companys business focus in the HK market. The Companys common stock is currently traded on the OTC Pink Market operated by the OTC Markets Group, a centralized electronic quotation service for over-the-counter securities. Following the suspension of the Companys obligation to file periodic reports, the Company anticipates its common stock will continue to be traded in the US on the OTC Pink Market, so long as market makers demonstrate an interest in trading in the Companys common stock. However, there is no assurance that trading in the Companys common stock will continue on the OTC Pink Market or any other securities exchange or quotation medium, or that the Company will be able to have its shares listed for trading on The Stock Exchange of Hong Kong Limited. About ADGS ADGS Advisory, Inc. is primarily engaged in providing accounting, taxation, company secretarial, general corporate and consultancy services in Hong Kong. ADGS has a strong and successful background in the Hong Kong market, most notably bankruptcy and insolvency services to a variety of customers including high growth industries in China. Forward-Looking Statements This release contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as anticipates, believes, could, estimates, expects, intends, may, plans, potential, predicts, projects, should, would and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this release. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Companys SEC filings. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. # # # ADGS Advisory, Inc. 11/F, Rykadan Capital Tower 135-137 Hoi Bun Road, Kwun Tong Kowloon, Hong Kong, SAR Contact: Ms. Michelle Tong Telephone: 852-2374-0002 michelletong@adgs.com.hk (mailto:michelletong@adgs.com.hk) To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...132015.pdf Source: ADGS Advisory Inc. (OTCQB:ADGS) http://adgs.com.hk/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Almonds Kisses Limited, Subsidiary of ADGS Advisory, Inc., Announces Closing of First Tranche of Convertible Bond Financing
Filing Services Canada - Fri Jun 05, 9:08AM CDT
Almonds Kisses Limited, Subsidiary of ADGS Advisory, Inc., Announces Closing of First Tranche of Convertible Bond Financing Hong Kong (FSCwire) - ADGS Advisory, Inc. (ADGS) (OTC:ADGS) today announced that Almonds Kisses Limited, its wholly-owned subsidiary and holding company for its operating subsidiaries (Almonds Kisses), closed on the first tranche under a Subscription Agreement entered into on May 27, 2015 with Sky Venture Investment Development Limited, Wong Man Hin Charles and Pristine Treasure Limited (the Subscribers) pursuant to which the Subscribers have agreed to purchase in three tranches, and Almonds Kisses has agreed to sell, 8.0% Convertible Bonds (the Convertible Bonds) in the maximum principal amount of HK $30,000,000 (approximately US $3,900,000) and the minimum amount of HK $20,000,100 (approximately US $2,600,000) due twelve months from the date of issue of the first tranche which may be extended for six months at the discretion of the Subscribers. As a result of the closing of the first tranche, Almonds Kisses issued Convertible Bonds to the Subscribers in the aggregate principal amount of HK $10,000,000 (approximately US $1,300,000). Almonds Kisses has undertaken to exercise its best endeavors to carry out and implement a restructuring to be completed on or before August 31, 2015 whereby, among other things, ADGS shall spin-off Almonds Kisses by transferring the entire issued share capital of Almonds Kisses to the shareholders of ADGS. In addition, it is intended that Almonds Kisses will apply for listing of its shares on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited and, in connection therewith, will conduct a placing or public offer of shares for the purposes of such listing. It is contemplated that prior to or contemporaneously with completion of the proposed spin-off, ADGS will acquire, merge with or effect a similar transaction with another existing business, or enter into another business opportunity. No assurance can be made that any of the foregoing will be completed. About ADGS ADGS Advisory, Inc. is primarily engaged in providing accounting, taxation, company secretarial, general corporate and consultancy services in Hong Kong. ADGS has a strong and successful background in the Hong Kong market, most notably bankruptcy and insolvency services to a variety of customers including high growth industries in China. Forward-Looking Statements This release contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as anticipates, believes, could, estimates, expects, intends, may, plans, potential, predicts, projects, should, would and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this release. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Companys SEC filings. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. # # # ADGS Advisory, Inc. 11/F, Rykadan Capital Tower 135-137 Hoi Bun Road, Kwun Tong Kowloon, Hong Kong, SAR Contact: Ms. Michelle Tong Telephone: 852-2374-0002 michelletong@adgs.com.hk (mailto:michelletong@adgs.com.hk) To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...e52015.pdf Source: ADGS Advisory Inc. (OTCQB:ADGS) http://adgs.com.hk/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
ADGS Advisory, Inc. Releases 10-K Annual Report, Featuring 93% Revenue and 105% Profit Increase
GlobeNewswire - Fri Feb 13, 10:27AM CST
ADGS Advisory, Inc. (OTCQB:ADGS) (the "Company" or "ADGS"
ADGS Advisory, Inc. Expands Operations With New Office in Hong Kong
GlobeNewswire - Thu Jan 08, 8:30AM CST
ADGS Advisory, Inc. (OTCQB:ADGS) (the "Company" or "ADGS"
ADGS Advisory, Inc. Acquires an Established Great China Region Advisory Company
GlobeNewswire - Thu Nov 06, 9:12AM CST
ADGS Advisory, Inc. (OTCQB: ADGS) (the "Company" or "ADGS"
ADGS Advisory, Inc. Slated to Present at the SeeThruEquity Microcap Investor Conference
GlobeNewswire - Mon Nov 03, 9:53AM CST
ADGS Advisory, Inc. (OTCQB:ADGS) (the "Company" or "ADGS"