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Asia Broadband Approves Two Shareholder Stock Dividends

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Rhea-AI Summary

Asia Broadband Inc. (OTC: AABB) has announced approval for two stock dividends aimed at rewarding shareholders for their loyal support. The first dividend's allocation details are expected next week. This initiative is part of the company's ongoing corporate strategy to enhance shareholder engagement tied to its gold mining operations and digital asset ventures. AABB focuses on precious metal production and distribution primarily to Asian markets while also expanding its digital assets portfolio through its gold-backed cryptocurrency, AABBG, and the AABBExchange.

Positive
  • Approval of two stock dividends, indicating strong shareholder appreciation.
  • Expansion into digital assets with AABBG, a gold-backed cryptocurrency, enhancing market positioning.
  • Focus on precious metals in Asian markets, leveraging geographic expertise.
Negative
  • None.

LAS VEGAS, June 22, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has approved two shareholders stock dividends. Company management is in the process of finalizing the first dividend allocation details to be announced next week.

AABB continues to advance the corporate initiative to reward its loyal shareholder base for their patience, continued support and interest in sharing the success and growth of the Company’s gold mining operations and digital asset division.

About Asia Broadband

Asia Broadband Inc. (OTC: AABB) 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 Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.

Contact the Company at:
  
General Email:ir@asiabroadbandinc.com 
Exchange Support:https://aabbexchange.com/faq/
Token Support:https://aabbgoldtoken.com/faq/aabb-wallet/
 www.AABBGoldToken.com/support/
Company Websites:www.asiabroadbandinc.com
 www.AABBExchange.com
 www.AABBGoldToken.com
Phone:702-866-9054

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.


FAQ

What is the dividend announcement for AABB on June 22, 2022?

Asia Broadband Inc. has approved two stock dividends, with details for the first expected next week.

When will AABB announce the dividend allocation?

The allocation details for the first dividend are expected to be announced next week.

How does AABB plan to reward its shareholders?

AABB intends to reward shareholders through stock dividends as part of its corporate strategy.

What is the significance of the AABBG cryptocurrency for AABB?

AABBG is a gold-backed cryptocurrency aimed at providing a stable and trusted digital asset.

ASIA BROADBAND INC

OTC:AABB

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