HONG KONG, Feb. 13, 2015 (GLOBE NEWSWIRE) -- ADGS Advisory, Inc. (OTCQB:ADGS) (the "Company" or "ADGS"), is pleased to announce the filing of its 10-K Annual Report which includes its audited financial results for the fiscal year ending August 31, 2014.
The full 10-K filing is available on the SEC's website at: https://www.sec.gov/Archives/edgar/data/1439237/000147793215001095/adgs_10k.htm
Our business for the Y2014 expanded rapidly. We recorded revenues of $6.2 million for Y2014, representing an increase of 93% to $2.9 million as compared to the results of $3.2 million for Y2013. The increase was primarily due to the increase of revenue stream multi-disciplinary advisory services and a steady growth in accounting and corporate services.
We recorded profit of $1.7 million for Y2014, representing an increase of 105% to $0.9 million as compared to the results of $0.8 million for Y2013.
"While we are pleased with the significant revenue growth of the Company, we are most pleased with the progression of the company in general," stated Michelle Tong, CFO of ADGS. "But this is just the tip of the iceberg as we are working to expand our business in 2015, increase revenue and expand awareness."
ADGS has also launched its new multimedia website to better communicate its business strategies and activities to its shareholders and investors. We encourage our shareholders to continue to send questions to firstname.lastname@example.org for consideration.
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. ADGS intends to further bolster its growth via additional acquisitions. www.adgs.com.hk
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Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "anticipate," "estimate," "project," "intend," "expect," "should," "believe," and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause ADGS Advisory, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in ADGS Advisory, Inc. filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to ADGS Advisory, Inc. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. ADGS Advisory, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
CONTACT: ADGS Advisory, Inc. 11/F, Rykadan Capital Tower, 135-137 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong Contact: Ms. Michelle Tong Telephone: 852-2374-0002 email@example.com Contact: ADGS Advisory, Inc. Ms. Michelle Tong, 852-2374-0002 firstname.lastname@example.org