AABB - Asia Metals Inc. Development Agreement for Gold-Backed CryptoCurrency Coin In Final Stages of Negotiations
Asia Broadband Inc. (AABB) is nearing the completion of a development agreement with a digital asset creator to launch a gold-backed cryptocurrency. The discussions include the coin's design and implementation timeline and are aimed at diversifying revenue and monetizing gold production. The company states it plans to unveil more details in the coming weeks. AABB specializes in the production and sale of precious metals, primarily targeting Asian markets through a vertically integrated model, enhancing its market differentiation.
- In advanced negotiations for a gold-backed cryptocurrency, potentially increasing revenue streams.
- Plans to monetize gold production through innovative crypto solutions.
- Unique vertical integration strategy strengthens market position.
- None.
LAS VEGAS, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company is in the final stages of negotiating the terms of a development agreement with a digital assets and crypto wallet creator to produce a gold-backed cryptocurrency coin. AABB is in advanced discussions with the developer to plan the design, implementation and milestone events schedule for the gold-backed crypto coin prior to initiating the development process. Viewed as a revenue diversification project to create liquidity and monetize gold production, the Company is excited to release further details of the gold-backed crypto coin project in the coming weeks after the agreement is completed.
Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes 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 Guerrero, Mexico, to our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.
| Contact the Company at: | ||
| Email: | ir@asiabroadbandinc.com | |
| Website: | www.asiametalsinc.com | |
| Phone: | 702-866-9054 | |
| Parkin Investor Relations | ||
| Kevin Parkin | ||
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 Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
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