$ABOT ~ Shareholder Update for Upcoming Acquisitio
Post# of 74540
Posted On: 08/29/2015 4:51:13 PM
$ABOT ~ Shareholder Update for Upcoming Acquisition of Scoobeez and Continued Growth Plan:
http://finance.yahoo.com/news/abt-shareholder...00062.html
Pasadena, CA ~ August 27, 2015 ~ Globe Newswire ~ ABT Mining Co. ~ also doing business as ABT Holdings today announced the following Shareholder Update regarding the Company’s recent announcement to acquire Scoobeez, which is an “On Demand” door to door messenger, courier and delivery service company that primarily utilizes scooters and motorcycles along with cars to facilitate same day deliveries.
Shahan Ohanessian, CEO of ABT said, “We are extremely happy with the progress of our careful due diligence process on Scoobeez and its affiliated companies. We are in the final negotiations of finalizing definitive agreements and completing the detailed structure of the transaction. Mr. Ohanessian further added, “Senior management of ABT have been deeply involved in observing, advising, and overseeing Scoobeez operations as part of our evaluation process since the end of July, 2015 when we announced our Letter of Intent.”
The Company is actively negotiating to retire few of the remaining notes with existing note holders subsequent to the retirement of these notes and continued effort of the Company to de-leverage the balance sheet, ABT is on the path of ultimately building a solid foundation of the Company’s future growth and strategic plans.
Learn more about ABOT ~ http://007stockchat.com/blog/viewpost/376
http://finance.yahoo.com/news/abt-shareholder...00062.html
Pasadena, CA ~ August 27, 2015 ~ Globe Newswire ~ ABT Mining Co. ~ also doing business as ABT Holdings today announced the following Shareholder Update regarding the Company’s recent announcement to acquire Scoobeez, which is an “On Demand” door to door messenger, courier and delivery service company that primarily utilizes scooters and motorcycles along with cars to facilitate same day deliveries.
Shahan Ohanessian, CEO of ABT said, “We are extremely happy with the progress of our careful due diligence process on Scoobeez and its affiliated companies. We are in the final negotiations of finalizing definitive agreements and completing the detailed structure of the transaction. Mr. Ohanessian further added, “Senior management of ABT have been deeply involved in observing, advising, and overseeing Scoobeez operations as part of our evaluation process since the end of July, 2015 when we announced our Letter of Intent.”
The Company is actively negotiating to retire few of the remaining notes with existing note holders subsequent to the retirement of these notes and continued effort of the Company to de-leverage the balance sheet, ABT is on the path of ultimately building a solid foundation of the Company’s future growth and strategic plans.
Learn more about ABOT ~ http://007stockchat.com/blog/viewpost/376
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