Asia Time Announces Results of 2008 Annual Meeting of Stockholders

  
    
  
  
    
      Asia Time Corporation (Amex:TYM)(“Asia Time”) 
      today announced the results of its 2008 Annual Meeting of Stockholders 
      held on September 27, 2008. The Company’s 
      shareholders approved all three proposals set forth in its proxy 
      statement dated September 3, 2008. The approved proposals were:
    
    
      
        The re-election of five members to the Company’s 
        Board of Directors, as identified in the Company’s 
        proxy statement, for a term ending in 2009, or until their successors 
        are elected and qualified;
      
      
        The ratification of Dominic K.F. Chan & Co. as the Company’s 
        independent registered public accounting firm for the fiscal year 
        ending December 31, 2008; and,
      
      
        The approval of the Company’s 2008 Equity 
        Incentive Plan.
      
    
    
      About Asia Time Corporation
    
    
      Asia Time is a watch movement and complete 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.
    
    
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      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, costs and expenses related 
      to our bond and warrant financing; 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. These and other 
      factors that may result in differences are discussed in greater detail 
      in the Company’s reports and other filings 
      with the Securities and Exchange Commission.