NetworkNewsBreaks – Asia Broadband Inc. (AABB) F
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Asia Broadband (OTC: AABB),a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, has been highlighted in a recent Benzinga article for making aggressive moves in the crypto world. The article called the company’s AABB Gold Token a “one-of-a-kind” because of its vertical integration of mine-to-token gold backing, which means that, unlike other gold-backed cryptos, AABB holds physical gold assets that back the token 100% from the mining production segment of its holding company. The article also noted that more than $1 million of tokens were sold in the first few weeks of launch with AABB planning the release of its proprietary crypto exchange in the next few months. The article also referenced AABB’s plans to expand into Central America and set up a satellite office in El Salvador as additional moves that strengthen the company’s crypto connection. “Asia Broadband Inc.’s main business focuses on the production, supply and sale of precious and base metals, primarily to Asian markets,” the Benzinga article states. “And with the recent acquisition of a new gold mine and production facilities in Mexico, it appears the company is actively expanding its reach in the world of commodities at just the right time. Aside from growing its core business, the company also recently reported strong growth to start the first quarter of 2021, and its listed assets of $100 million are a five-fold increase on those of just one year ago. AABB is a company with solid fundamentals in place, and its rise has not gone unnoticed by the wave of new traders. The company boasts a loyal and rapidly growing army of dedicated retail investors, as shown by its lively subreddits and over 35,000 watchers on Stocktwits.”
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