LAS VEGAS, March 24, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Asia Broadband Inc. (OTC: AABB) is pleased to announce that the Company has finalized financial results for the year ended December 31, 2020 and achieved a record annual gross profit of $ 16.8 million. The Company recently received its 2020 year-end price-adjusted gold and silver sales revenues and will release the annual report in the coming week. The achievement of this financial milestone attests to the success of the Company’s mining operations established in 2020.
AABB’s strategic growth direction has enabled the Company to capitalize on a unique ability to vertically integrate mineral resource production in Mexico with strong resource demand and abundant investment capital in Asia. In 2021, AABB reoriented its efforts to leverage its resources and experience to replicate its proven model of expanding mining operations on the Company’s new high potential gold properties in Mexico. Current mining projects are located in regions where AABB has a comparative advantage of readily available development and expertise resources for rapid expansion and replication of the Company’s previous gold production success in Mexico.
In other company news, AABB is close to completing a new and improved corporate website highlighting the company’s current properties and operations. AABB is also in the process of appointing additional management to the Company to expand its operational expertise and accelerate project development. Earlier this week, the company launched sales of its gold-backed cryptocurrency AABB Gold (AABBG) token and is currently expanding token circulation by raising awareness of this strategically positioned revenue segment of the company.
About broadband in Asia
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily in Asian markets. The Company uses 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 customer sales networks in Asia. This vertically integrated approach to sales transactions is AABB’s unique strength that differentiates the Company and creates distinctive shareholder value. The company recently released its token mining gold backed cryptocurrency AABB Gold (AABBG) token and strives to become a secure and reliable global exchange standard with gold backing, exceptional quality compared to other cryptocurrencies. . Visit www.AsiaBroadbandInc.com and www.AABBGoldToken.com
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 current opinions expected of Asia Broadband Inc. (the âCompanyâ) regarding the business of the Company. , which are subject to uncertainty and change. The operations and results of the Company could differ materially from what is expressed or implied by the statements made above as industry, regulatory, market and competitive circumstances change. Further information on these risks can be found in the annual and quarterly information that the Company has published on the OTC Markets website. The Company has no obligation to update or change its forward-looking statements to the extent that future circumstances, events and information may change.
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