TYM Asia Time Corp

Asia Time Corporation (Amex: TYM) (�Asia Time�) today detailed its long-term business strategy and expansion plan. Asia Time Corporation completed a public offering of its common stock on February 15, 2008 consisting of 963,700 shares of common stock at a price of $3.50 per share, including exercise of the over-allotment option. The shares trade on the American Stock Exchange under the symbol �TYM.� Hong Kong-based Asia Time has generated revenue growth to $81.1 million in 2006. �We are pleased to enter the U.S. capital markets at this point in our corporate development,� said Kwong Kai Shun, Chairman, CEO and CFO of Asia Time. �Asia Time is already a profitable Chinese growth company, and we believe we are positioned to capitalize on growth opportunities in developed markets and especially in the under-penetrated market for watch movements and completed watches in China. We believe we already have strong competitive advantages in quartz and mechanical movements, and we will seek to expand up the watch value chain into low cost China-based manufacturing of proprietary branded movements and complete watches. This year we also plan to expand our sales force in China in order to better address an increasing domestic consumption of timepieces in China.� Asia Time is a Hong Kong distributor of timepiece movements. The Company currently distributes approximately 350 products, including both watch movements and complete watches, representing 30 suppliers. These products are supplied to Asia Time�s more than 300 customer manufacturers of globally branded watches. The Company�s distribution centers and sales offices are located throughout Hong Kong and China. In 2007, the Company completed a reverse merger of Times Manufacture & E-Commerce Corporation Limited into Asia Time Corporation, an $8 million issuance of bonds and bond warrants, and a $2.9 million private placement of shares of Series A Convertible Preferred Stock. About Asia Time Corporation Asia Time is a watch movement and watch distributor headquartered in Hong Kong. The Company distributes watch movement components used in the manufacture and assembly of watches to a wide variety of timepiece manufacturers. Asia Time markets more than 350 products from over 30 vendors, including such market leaders as Citizen, Seiko and Ronda. For more information, please visit www.asiatimecorp.com. To be added to the Company�s email distribution for future news releases, please send your request to asiatime@finprofiles.com. Forward Looking Statements This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to, our dependence on a limited number of suppliers, cyclicality of our business, decline in the value of our inventory, significant order cancellations or delays, competitive nature of our industry, vulnerability of our business to general economic downturn, our ability to obtain all necessary government certifications and/or licenses to conduct our business, changes in the laws of the People's Republic of China that affect the Company's operations, development of a public trading market for the Company's securities, cost of complying with current and future governmental regulations and the impact of any changes in the regulations on the Company's operations and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The risks included here are not exhaustive. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.