Agora Holdings Inc. Provides Corporate Update

TORONTO, ON, April 12, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Agora Holdings Inc. (OTC PINK: AGHI) (the “Company”) today released a corporate update for shareholders on the status of its Annual Report on Form 10-K for the year ended December 31, 2018. 

Corporate Update 

The Company wishes to inform its shareholders that the Annual Report on Form 10-K (the “Report”) for the fiscal year ended December 31, 2018 will be filed outside the extended filing timeline granted by the Securities and Exchange Commission. The Report is due at the end of the late filing extension granted under the filed Form NT 10-K, no later than April 16, 2019. While the Company is working diligently on its audits for the fiscal year ended December 31, 2018, including the audit of its 51% controlled subsidiaries, eSilkroad Network Limited (“ESR”) of Hong Kong and eSilkroad of Ukraine, the process has been a more onerous undertaking than initially anticipated. The Company and its management will continue to work to file its audited Report as quickly as possible, while continuing to move forward with its “eSilknet” initiatives in China, Russia, Ukraine, Poland and Kazakhstan. 

About Agora Holdings Inc.

Agora Holdings Inc., together with its subsidiary Geegle Media and affiliates, is presently an entertainment and media enterprise. Agora Holdings Inc. brings together media and technology, driving innovation to enhance online entertainment in five business segments: media networks, TV, studio entertainment, consumer products and interactive media. Agora is seeking to expand its portfolio to include dynamic and interactive web-based networking platforms for global implementation. 

About Esilkroad Network Limited and subsidiaries

Esilkroad Network Limited and its subsidiary, eSilkroad of Ukraine, is a conceptual B2B platform that intends to make the interaction between businesses and non-profit organizations throughout the world faster, more effective, and less costly. eSilknet, the web-based platform under development by eSilkroad Network Limited will allow users to search for and communicate with business partners, search for and post proposals for investment and opportunity in developing projects globally, place advertisements for products and services, communicate securely on trade and project development and attract professional services for specific project-based needs. The concept of eSilknet is in line with the original concept of the “Silkroad”, facilitating trade and commerce between countries, only on a global scale. Subsequent to the successful launch of our banner platform, “eSilknet” the Company plans to launch “eSilkart”, an international online marketplace for the purchase, license, rental and trade of intellectual property, art and cultural objects for all member countries. Our final project expansion will be the launch of complementary platform, “eSilktrade”, a commercial platform allowing all users registered on eSilknet and eSilkart to enter the international marketplace within the “eSilkroad”. The proposed add-on site will facilitate auctions and competitive bid tenders, contracts between clients, and e-payments for goods and services, including customs formalities and freight/transport logistics.  

Disclaimer -- Forward-Looking Statements

This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. Forward-looking statements in this release are made as of the date hereof and Agora Holdings Inc. undertakes no obligation to update such statements.

Agora Holdings Inc.

Tel: 1.844.625.8896

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