Pasadena, CA, Feb. 14, 2017 (GLOBE NEWSWIRE) -- ABT Holdings (OTC Pink: ABOT), (the “Company”), announced that a Form 10 Registration Statement has been filed today with the U.S. Securities and Exchange Commission (SEC).
The filings provide detailed information on Company’s overall business, corporate strategy, historical financial results and information on its subsidiary – Scoobeez, an “On Demand” door-to-door logistics and delivery service company.
Form 10 includes audited financial statements for fiscal years ended December 31, 2014, and 2015 and auditor reviewed financial statements for nine month period ended September 30, 2016. Form 10 further accompanies audited financial statements of Scoobeez, Inc. (the “Subsidiary”) which comprise the balance sheet as of August 26, 2015, (before the acquisition date of August 27, 2015), and the related statements of operations, stockholders’ equity and cash flows for the period from September 23, 2014 (“Inception”) through August 26, 2015, and the related notes to the financial statements.
"The filing of the Form 10 Registration Statements is an important milestone in becoming a fully reporting company,” said Shahan Ohanessian, CEO of ABT. “Scoobeez experienced growth in 2016, and we hope to continue this momentum in 2017 as well. Our Form 10 filing and ongoing SEC reporting disclosures through audited annual financial statements, auditor reviewed quarterly financial statements and all material events will provide additional transparency to our shareholders and the investment community.”
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About the Company
ABT Holdings, Inc., is a diversified holding company engaged in acquiring, developing and growing various businesses that provide strategic advantages, generate attractive returns and significant free cash flow to maximize the value of our shareholders.
About Scoobeez
Based in Los Angeles, California, Scoobeez is a “Real Time Delivery” and “Same Day” door to door delivery service company that facilitates same day deliveries for enterprise clients. Scoobeez’ value proposition includes utilization of technologies, exceptional customer experience, and logistic creativity to deliver products within the shortest possible time-frame. For more information, please visit Company’s website, click here . You may connect and follow Scoobeez on Facebook , Twitter , and Instagram .
Safe Harbor / Forward-Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. These forward-looking statements are based on the Company’s current expectations, and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, substantial competition; our possible need for financing; uncertainties of technological changes; and dependence upon third parties. The Company does not undertake an obligation to update or revise any forward-looking statement. All of the Company’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.
Imran Firoz, CFO ABT Holdings, Inc. OTC PINK: ABOT 396 S Pasadena Avenue | Pasadena | CA 91105 T: +1 818.302.0100 E: ir@abtholdings.com
