Asia Broadband Finalizes Milestone Production Agreement For Large-Scale Gold and Silver Ore Stockpile in Mexico

Rhea-AI Summary

Asia Broadband Inc. (OTC: AABB) has announced a significant long-term processing and production agreement for a large-scale gold and silver ore stockpile located in Etzatlan, Jalisco, Mexico. This milestone project marks the largest high-yield asset addition in the company's history, part of its strategic efforts to expand gold production and increase its physical gold holdings. Further details are expected next week, highlighting AABB's commitment to resource production and innovative distribution to Asian markets.

Positive

• Finalized a long-term agreement for a gold and silver ore stockpile, enhancing production capacity.
• Largest high-yield asset addition in company history, bolstering strategic expansion.
• Focus on increasing physical gold holdings to strengthen market position.

Negative

• None.

LAS VEGAS, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has finalized the terms of a historic and long-term processing and production agreement for a large-scale gold and silver ore stockpile in Etzatlan, Jalisco, Mexico. AABB management is thrilled to release the news of this milestone event for the Company to it’s shareholder base and further details will be announced next week.

The new gold and silver production project is expected to be the largest high-yield asset addition for the Company’s to date in its strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings.

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: Exchange Support: Token Support:		ir@asiabroadbandinc.com https://aabbexchange.com/faq/ 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 recent announcement by Asia Broadband Inc. regarding AABB?

Asia Broadband Inc. announced a long-term processing and production agreement for a gold and silver ore stockpile in Etzatlan, Jalisco, Mexico.

How will the new agreement impact Asia Broadband's stock symbol AABB?

The new agreement is expected to enhance production capacity and increase the company's physical gold holdings, potentially positively impacting AABB's stock performance.

When will more details about the AABB project be released?

Further details regarding the project are expected to be announced next week.

What is Asia Broadband's strategy for resource production?

Asia Broadband focuses on producing and selling precious and base metals, with a specific emphasis on Asian markets and innovative distribution.

What does the new project signify for AABB's future?

The project signifies a major expansion effort and could lead to increased market value and shareholder returns for Asia Broadband Inc.