Asia Broadband Revenue Growth Fundamentals Strengthen As Samsung EV Battery Sets The Stage For Silver Rally
Asia Broadband Inc. (OTC: AABB) reports strong revenue growth due to rising gold and silver prices. The company's quarterly net income has increased, with approximately half of its production being silver. AABB is set to expand silver production significantly with a new ore stockpile processing plant in Etzatlan, Mexico.
Samsung's plans to mass-produce a next-generation electric vehicle (EV) battery requiring silver could further boost AABB's revenue if silver prices rise as expected. In response, AABB is considering accumulating silver bullion for investment and potentially developing a silver-backed token.
CEO Chris Torres emphasizes that the strong precious metals market significantly increases their gross profit margin and net income, with expectations for continued growth as production scales up at the new Etzatlan plant.
Asia Broadband Inc. (OTC: AABB) riporta una forte crescita dei ricavi grazie all'aumento dei prezzi dell'oro e dell'argento. L'utile netto trimestrale dell'azienda è aumentato, con circa metà della sua produzione che consiste in argento. AABB prevede di espandere significativamente la produzione di argento con un nuovo impianto di lavorazione di stockpile di minerale a Etzatlan, Messico.
I piani di Samsung di produrre in massa una batteria per veicoli elettrici (EV) di nuova generazione che richiede argento potrebbero ulteriormente aumentare i ricavi di AABB se i prezzi dell'argento saliranno come previsto. In risposta, AABB sta considerando di accumulare lingotti d'argento per investimenti e di sviluppare potenzialmente un token supportato da argento.
Il CEO Chris Torres sottolinea che il forte mercato dei metalli preziosi aumenta significativamente il loro margine di profitto lordo e l'utile netto, con aspettative di ulteriore crescita man mano che la produzione aumenta nel nuovo impianto di Etzatlan.
Asia Broadband Inc. (OTC: AABB) informa sobre un fuerte crecimiento en los ingresos gracias al aumento de los precios del oro y la plata. La ganancia neta trimestral de la empresa ha aumentado, con aproximadamente la mitad de su producción siendo plata. AABB está lista para expandir significativamente la producción de plata con una nueva planta de procesamiento de acopio de mineral en Etzatlan, México.
Los planes de Samsung para producir en masa una batería de vehículo eléctrico (EV) de próxima generación que requiere plata podrían impulsar aún más los ingresos de AABB si los precios de la plata aumentan como se espera. En respuesta, AABB está considerando acumular lingotes de plata para inversión y potencialmente desarrollar un token respaldado por plata.
El CEO Chris Torres enfatiza que el fuerte mercado de metales preciosos aumenta significativamente su margen de beneficio bruto y la ganancia neta, con expectativas de crecimiento continuo a medida que se aumenta la producción en la nueva planta de Etzatlan.
Asia Broadband Inc. (OTC: AABB)는 금과 은 가격 상승으로 인해 강력한 수익 성장을 보고합니다. 회사의 분기 순이익이 증가했으며, 약 제조량의 절반이 은으로 이루어져 있습니다. AABB는 멕시코 에차틀란에 새로운 광석 재고 처리 공장을 통해 은 생산을 크게 확장할 계획입니다.
삼성이 은을 필요로 하는 차세대 전기차(EV) 배터리를 대량 생산할 계획을 가지고 있어, 은 가격이 예상대로 상승한다면 AABB의 수익이 더욱 증가할 수 있습니다. 이에 AABB는 투자 목적으로 은괴를 축적하고 은으로 뒷받침된 토큰을 개발할 가능성을 고려하고 있습니다.
CEO 크리스 토레스는 귀금속 시장의 강세가 총 이익 마진과 순이익을 상당히 증가시킨다며, 에차틀란의 새로운 공장에서 생산이 증가함에 따라 지속적인 성장을 기대하고 있습니다.
Asia Broadband Inc. (OTC: AABB) fait état d'une forte croissance des revenus grâce à la hausse des prix de l'or et de l'argent. Le revenu net trimestriel de l'entreprise a augmenté, avec environ la moitié de sa production étant de l'argent. AABB prévoit d'élargir significativement la production d'argent avec une nouvelle usine de traitement de stock de minerai à Etzatlan, au Mexique.
Les plans de Samsung pour produire en masse une batterie pour véhicule électrique (EV) de prochaine génération nécessitant de l'argent pourraient encore booster les revenus d'AABB si les prix de l'argent augmentent comme prévu. En réponse, AABB envisage d'accumuler des lingots d'argent pour investissement et de développer potentiellement un jeton adossé à l'argent.
Le PDG Chris Torres souligne que le marché des métaux précieux en forte croissance augmente considérablement leur marge brute et leur revenu net, avec des attentes de croissance continue à mesure que la production augmente dans la nouvelle usine d'Etzatlan.
Asia Broadband Inc. (OTC: AABB) berichtet über starkes Umsatzwachstum, das auf die steigenden Gold- und Silberpreise zurückzuführen ist. Der Nettogewinn des Unternehmens im Quartal ist gestiegen, wobei etwa die Hälfte der Produktion aus Silber besteht. AABB plant, die Silberproduktion erheblich zu erweitern, mit einer neuen Verarbeitungsanlage für Erzlager in Etzatlan, Mexiko.
Die Pläne von Samsung, eine Silber benötigende Batterie für ein Elektrofahrzeug (EV) der nächsten Generation in Serienproduktion herzustellen, könnten die Einnahmen von AABB weiter steigern, wenn die Silberpreise wie erwartet steigen. Als Reaktion darauf erwägt AABB, Silberbarren als Investition anzuhäufen und möglicherweise einen silbergedeckten Token zu entwickeln.
CEO Chris Torres betont, dass der starke Markt für Edelmetalle die Bruttogewinnspanne und den Nettogewinn erheblich steigert, mit Erwartungen für weiteres Wachstum, da die Produktion in der neuen Etzatlan-Anlage hochgefahren wird.
- Increased quarterly net income due to rising gold and silver prices
- Potential for significant revenue growth with Samsung's silver-requiring EV battery development
- Planned expansion of silver production with new ore stockpile processing plant in Etzatlan, Mexico
- Considering accumulation of silver bullion for investment appreciation
- Proposed development of a silver-backed token
- None.
LAS VEGAS, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has been thrilled with the rise in gold and silver prices this year and the corresponding increases to AABB’s quarterly net income. Additionally, the recent news that Samsung plans to mass produce a next generation electric vehicle (EV) battery that requires silver could have a major impact on AABB’s revenue growth if silver prices rise as expected. Approximately half of the Company’s quarterly production is silver, which will expand immensely when the new ore stockpile processing plant begins throughput operations in Etzatlan, Mexico. As silver production rises in the near future, AABB will evaluate the accumulation of silver bullion for investment appreciation and for a proposed silver-backed token.
“The strength of the precious metals markets creates a significant increase to our gross profit margin and net income. And now that the demand for silver is expected to be on the rise with Samsung’s new EV battery, this profitability effect will continue to get stronger. Also, the scale of this profitability effect will also increase as we ramp up our production of both gold and silver considerably when our new stockpile processing plant begins operating at Etzatlan,” stated Chris Torres, AABB President and CEO.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. 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 and digital asset developers.
Contact the Company at:
| General Email: Token Support: Company Websites: | ir@asiabroadbandinc.com support@aabbgmine2token.com www.asiabroadbandinc.com www.aabbgmine2token.com www.goldenbaboons.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 impact has the rise in gold and silver prices had on Asia Broadband Inc. (AABB)?
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