$AABB News Out! May 18, 2021 - Poised For Growt

$AABB News Out! May 18, 2021 - Poised For Growth in 2021 From Strong First Quarter Foundation (With Over $100 million in Assets) LAS VEGAS, May 18, 2021 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce the publishing of the Company’s first quarter financial results highlighted by a strong balance sheet with over $100 million in assets. AABB is in highly liquid financial position to self-fund and rapidly advance its gold mining and cryptocurrency sales and exchange business segments of the Company.
Less than two months ago, the Company launched its AABBG gold-backed cryptocurrency token sales and has accumulated approximately $1.5 million in cryptocurrencies. Recently, AABB hired a marketing firm that has now designed an international marketing campaign to proliferate brand exposure, increase token sales and AABB Wallet transactions and amplify public and investment community awareness of the Company. The campaign roll-out will begin next week and is expected to build substantial momentum over the next 3 months, as AABB’s own proprietary cryptocurrency exchange nears completion and launch. The exchange will add tremendously to transaction fee revenues and allow for the price appreciation of AABBG above the minimum supported and gold-backed spot price of .1 grams of gold per token.

In the first quarter of this year, the Company began the assessments and negotiations of several gold mining projects as prospective high yield asset additions in the Company’s strategic growth initiative to acquire gold production and increase the AABB’s physical gold holdings. To date, management is thrilled with the projects’ potential for rapid development, high production and low operating costs. All efforts are underway to accelerate the acquisition processes to expeditiously advance AABB into gold production and begin expansion programs. The Company anticipates negotiating definitive agreements to acquire the mines and properties in the near future subsequent to drill testing, assays and further due diligence.
https://marketwirenews.com/news-releases/asia...06853.html

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