LAS VEGAS, Might 18, 2021 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Corporate”) is happy to announce the publishing of the Corporate’s first quarter monetary effects highlighted by means of a powerful steadiness sheet with over $100 million in property. AABB is in extremely liquid monetary place to self-fund and abruptly advance its gold mining and cryptocurrency gross sales and trade industry segments of the Corporate.
Not up to two months in the past, the Corporate introduced its AABBG gold-backed cryptocurrency token gross sales and has gathered roughly $1.5 million in cryptocurrencies. Lately, AABB employed a advertising company that has now designed a global advertising marketing campaign to proliferate logo publicity, building up token gross sales and AABB Pockets transactions and enlarge public and funding group consciousness of the Corporate. The marketing campaign roll-out will start subsequent week and is anticipated to construct considerable momentum over the following 3 months, as AABB’s personal proprietary cryptocurrency trade nears final touch and release. The trade will upload drastically to transaction price revenues and make allowance for the cost appreciation of AABBG above the minimal supported and gold-backed spot worth of .1 grams of gold in keeping with token.
Within the first quarter of this 12 months, the Corporate started the tests and negotiations of a number of gold mining initiatives as potential prime yield asset additions within the Corporate’s strategic expansion initiative to procure gold manufacturing and building up the AABB’s bodily gold holdings. Thus far, control is delighted with the initiatives’ doable for fast construction, prime manufacturing and coffee working prices. All efforts are underway to boost up the purchase processes to expeditiously advance AABB into gold manufacturing and start growth methods. The Corporate anticipates negotiating definitive agreements to procure the mines and homes within the close to long run next to drill trying out, assays and additional due diligence.
On an administrative notice, AABB wish to supply an replace to its unswerving shareholders in regards to the limited proportion dividend.
CEO Chris Torres states, “Our switch agent showed lately that limited proportion dividends can take longer to procedure than odd loose buying and selling stocks. That is due partly to a few brokerage corporations now not permitting limited stocks in accounts, thus requiring bodily proportion certificate to be published and mailed. As those particular dividend stocks aren’t freely tradeable, the sense of urgency isn’t as prime with Depository Consider Corporate (“DTC”) and the brokerage corporations to finish the method. On Might 12, 2021, DTC asked the extra stocks had to satisfy the dividend responsibilities. The dividend distribution procedure remains to be underway and may be very a lot now not on hang, as some have speculated.”
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a useful resource corporate centered at the manufacturing, provide and sale of valuable and base metals, basically to Asian markets. The Corporate makes use of its particular geographic experience, revel in and intensive business contacts to facilitate its cutting edge distribution procedure from the manufacturing and provide of valuable and base metals in Mexico to consumer gross sales networks in Asia. This vertical integration method to gross sales transactions is the original energy of AABB that differentiates the Corporate and creates unique worth for shareholders. The Corporate has lately launched its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to change into a global usual of trade this is secured and relied on with gold backing, an excellent high quality relative to different cryptocurrencies.
Ahead-Taking a look Statements are contained on this press free up inside the that means of the Personal Securities Litigation Reform Act of 1995. Those statements are in keeping with the Asia Broadband Inc.’s (the “Corporate”) anticipated present ideals concerning the Corporate’s industry, which might be topic to uncertainty and alter. The operations and result of the Corporate may materially fluctuate from what’s expressed or implied by means of the statements made above when business, regulatory, marketplace and aggressive cases alternate. Additional details about those dangers can also be present in the yearly and quarterly disclosures the Corporate has printed at the OTC Markets web site. The Corporate is below no legal responsibility to replace or modify its forward-looking statements as long run cases, occasions and knowledge might alternate.