Asia Broadband Mining Operations Growth Initiative Sets Path to Double Net Assets to $200 Million By 2024
LAS VEGAS, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is on track with its mining operations expansion initiative to realize substantially expanded production in 2023 and into the forthcoming years. Recent and planned acquisitions and additional processing facilities have laid the foundation to progress rapidly on a path of organic growth. Furthermore, as the Company continues to execute its business plans and increase revenues and net assets, management anticipates the market will acknowledge the share value in AABB. A major announcement supporting the Company’s path to growth is expected in the coming weeks.
“With the mining operations expansion program in full swing now, our management group and mining team believe tremendous increases in production revenues are achievable next year and beyond that will take the Company to new levels. We are proud of and excited with the progress our mining group has made this year that has set the stage for strong organic growth going forward." stated Chris Torres, AABB President and CEO.
In addition to the growth of its mining business segment, the Company is currently broadening its digital asset division with significant additions and enhancements to improve product functionality, efficiency and feasibility. These upgrade, expansion and development events are expected to be rolled-out and announced as they become available in the coming weeks.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment with its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet, a proprietary digital exchange AABBExchange and a proprietary cryptocurrency payment gateway solution PayAABB.com. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
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Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
