**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10-QSB/A**





**(Amendment
      No. 1)**




x Quarterly Report pursuant to Section 13 or 15(d) of the Securities
      Exchange


Act
      of
      1934 For the quarterly period ended June 30, 2007




o Transition Report pursuant to 13 or 15(d) of the Securities Exchange Act
      of


1934
      For
      the transition period ___________ to ___________





*COMMISSION
      FILE NUMBER 333-64804*





**ASIA
      GLOBAL HOLDINGS CORP.**


(Exact
      name of small Business Issuer as specified in its charter)






Nevada
            
            75-3026459(State
                or other jurisdiction of
              Incorporation
                or organization)
            
            (IRS
                Employer Identification No.)




**1601-1604
      CRE Centre**


**889
      Cheung Sha Wan Road**


**Kowloon,
      Hong Kong**




(Address
      of principal executive offices)





(213)
      243-1503


(Issuer's
      telephone number, including area code)




Check
      whether the issuer: (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days. Yes x No o




Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, or a non-accelerated filer. See definition of "accelerated
      filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
      one):




Large
      accelerated filer o Accelerated
      filer o Non-accelerated
      filer x




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange) Yes o No x




The
      number of shares outstanding of each of the Registrant's classes of common
      stock, as of August 15, 2007 was 84,862,000 shares, all of one class of $0.001
      par value Common Stock.



















**SPECIAL
      NOTE ON FORWARD LOOKING STATEMENTS**




This
      Quarterly Report on Form 10-QSB, as amended, including "Management's Discussion
      and Analysis of Financial Condition and Results of Operations" in Item 2 of
      Part
      I of this report include forward-looking statements. These statements involve
      known and unknown risks, uncertainties and other factors that may cause our
      actual results, levels of activity, performance or achievements to be materially
      different from any future results, levels of activity, performance, or
      achievements expressed or implied by forward-looking statements.




In
      some
      cases, you can identify forward-looking statements by terminology such as "may,"
      "should," "expects," "plans," "anticipates," "believes," "estimates,"
      "predicts," "potential," "proposed," "intended," or "continue" or the negative
      of these terms or other comparable terminology. You should read statements
      that
      contain these words carefully, because they discuss our expectations about
      our
      future operating results or our future financial condition or state other
      "forward-looking" information. There may be events in the future that we are
      not
      able to accurately predict or control. Before you invest in our securities,
      you
      should be aware that the occurrence of any of the events described in this
      Annual Report could substantially harm our business, results of operations
      and
      financial condition, and that upon the occurrence of any of these events, the
      trading price of our securities could decline and you could lose all or part
      of
      your investment. Although we believe that the expectations reflected in the
      forward-looking statements are reasonable, we cannot guarantee future results,
      growth rates, levels of activity, performance or achievements. We are under
      no
      duty to update any of the forward-looking statements after the date of this
      Quarterly Report to conform these statements to actual results.

















**ITEM
      2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS OR PLAN OF OPERATION**





On
      August
      16, 2007, the Company filed a Form 10-QSB for the period ending June 30, 2007
      with the Commission. On page 27 of that filing, under ‘Cost of Sales - Media and
      Advertising Segment’ discussing the six month cost of sales for the Company’s
      Media and Advertising Segment, the phrase “for the three month period” appears
      instead of the word “for the six month period.” Therefore, please find below the
      amended language:





The
      six
      month cost of sales for our Media and Adverting Segment totaled $1,422,638
      representing 47% of our total segment revenue of $3,018,192 for the six month
      period ended June 30, 2007 as compared to $407,318, representing 26% of total
      segment revenue of $1,584,828 for the six month period ended June 30, 2006.
      The
      increase in cost of sales as a percentage of sales for the six month period
      ended June 30, 2007 is primarily attributable to production costs related to *Who
      Wants To Be A Millionaire* ?
      and
      partially attributable to increased production costs for printing of client
      advertising and costs related to creating and distributing direct marketing
      advertising for customers. Specifically, we spent $398,728 for promotion and
      production of the *Who
      Wants To Be A Millionaire?* TV show.
      We spent $1,023,910, or 34% of the segment revenue, for printing and direct
      marketing costs related to our non-TV related products and services. Hence
      our
      total segment gross margin on sales was 53% and our gross margin on sales for
      our non-TV related products and services was 66%.








There
      are
      no additional amendments to the Form 10-QSB for the period ended June 30, 2007
      as filed with the Commission on August 16, 2007.





**ITEM
      6. EXHIBITS AND REPORTS ON FORM 8-K**




(a)
      Exhibits





**INDEX
      TO EXHIBITS**


**OF**


**ASIA
      GLOBAL HOLDINGS CORP.**





31.1
        Rule 13a-14(a)/15d-14(a) Certification of Chief Executive
      Officer





31.2
        Rule 13a-14(a)/15d-14(a) Certification of Chief Financial
      Officer





32
 
      Section 1350 Certification




(b)
      None.

















**SIGNATURES**




Pursuant
      to the requirements of Section 13 of 15(d) of the Securities and Exchange Act
      of
      1934, the Registrant has duly caused this report to be signed on its behalf
      by
      the undersigned, thereunto duly authorized.




**ASIA
      GLOBAL HOLDINGS CORP.**




(Registrant)




/s/ Michael
              MakDate:
                August 20, 2007
            
            
            Michael
                Mak, President