Asia Broadband Confirms Stock Dividend For September Shareholders of Record

Rhea-AI Summary

Asia Broadband Inc. (OTC: AABB) announced a stock dividend of 1 share for every 100 shares held, effective for shareholders on record as of September 15, 2022. The dividend distribution will be managed through brokers for most shareholders, while registered share certificate holders will receive their dividends directly by mail. This initiative aims to reward loyal shareholders and reflects AABB's commitment to growth in its gold mining and digital assets sectors. The company is recognized for its unique approach in facilitating precious metal sales between Mexico and Asian markets.

Positive

• Distribution of a stock dividend on a 1:100 basis encourages shareholder loyalty.
• Strong commitment to rewarding shareholders amidst growth in gold mining operations.
• Expansion in digital assets with AABBG, enhancing financial diversification.

Negative

• None.

LAS VEGAS, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce the details and allocation date of the September shareholders’ stock dividend recently approved by the Company. The restricted common share dividend will be distributed on the basis of 1 dividend share for every 100 common shares owned to shareholders of record or beneficial owners of the Company on September 15, 2022. The majority of shareholders will receive the dividend shares through a distribution process with their brokers or investment firms. Alternatively, shareholders that own registered share certificates with the Company’s transfer agent will receive the dividend shares directly by mail.

AABB continues to advance the corporate initiative to reward its loyal shareholder base for their continued support and interest in sharing the success and growth of the Company’s gold mining operations and digital assets 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 with its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet, a proprietary digital exchange AABBExchange and a proprietary cryptocurrency payment gateway solution PayAABB.com. 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
			www.PayAABB.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 amount for AABB shareholders?

AABB is distributing a stock dividend of 1 share for every 100 shares owned.

When is the AABB stock dividend payable?

The dividend shares will be distributed to shareholders of record as of September 15, 2022.

How do shareholders receive their AABB dividend shares?

Most shareholders will receive their dividends through brokers; registered shareholders will get them by mail.

What are the main business focuses of AABB?

AABB primarily focuses on gold mining and digital assets, including the AABB gold-backed cryptocurrency.