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
Highlights include:
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 info@adgs.com.hk for consideration.
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. ADGS intends to further bolster its growth via additional acquisitions. www.adgs.com.hk
Safe Harbor Statement
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