BBV Vietnam S.E.A. Acquisition Corp. announced that it has signed a non-binding letter of intent with Migami Inc. to enter into a business combination. Pursuant to the provisions of the Company's Articles of Incorporation, the company now has until February 13, 2010 to complete the business combination. If the company is unable to complete the business combination by February 13, 2010, it must liquidate or it can seek shareholder approval to extend the time period to complete a business combination to February 13, 2011.

BBV Vietnam S.E.A. Acquisition Corp. reported earnings results for the third quarter and nine months ended September 30, 2008. For the quarter, the company reported net income of $36,492 or $0.01 per share on interest income of $166,847. For the nine months, the company reported net income of $68,746 or $0.01 per share on interest income of $437,048 compared to net income of $50,251 or $0.01 per share on interest income of $437,048 for the period from August 8, 2007 to September 30, 2008.

BBV Vietnam S.E.A. Acquisition Corp. reported earnings results for the second quarter and six months ended June 30, 2008. For the quarter, the company reported net income was $17,325 or $0.00 per diluted common share on interest income of $181,202. For the six months, the company reported net income was $32,254 or $0.01 per diluted common share on interest income of $270,201.