ASIA BROADBAND INC - AABB STOCK NEWS

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Asia Broadband Inc. (OTC: AABB) is a diversified 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 expand its precious metals property holdings and production in Mexico. AABB's unique blend of industry and business integration in Mexico and asset diversification creates distinctive value for shareholders.

In addition to its mining operations, AABB has a growing digital assets business segment that includes the AABBG mine-to-token gold-backed cryptocurrency. The AABBG token is backed by gold, providing stability and security while offering demand-based price appreciation. This makes it a unique and attractive option compared to other cryptocurrencies. The AABBG token is housed within the company's proprietary AABB Wallet, which has recently been upgraded to enhance user experience with decreased costs, faster transaction processing, and increased security.

AABB has also ventured into the world of non-fungible tokens (NFTs) with its Golden Baboons Mining Club and Shorts Rascal Club collections. These NFTs are backed by gold, further solidifying the company's commitment to integrating precious metals with innovative digital solutions. The company's latest projects include the Golden Baboons Bitcoin Ordinals collection, which expands AABB's presence across multiple blockchain platforms.

Moreover, AABB has partnered with KYN Capital Group to develop a next-generation digital wallet, combining their expertise to create a cutting-edge platform for cryptocurrency transactions. This strategic collaboration aims to leverage KYNC's significant platform alliances to enhance functionality and market reach.

Recently, AABB has made significant strides in its mining operations, including the acquisition of high-potential properties and the expansion of its processing facilities. The company's Tequila Gold Mine Project in Mexico has seen a substantial increase in gold production, contributing to record revenues and gross profit for the first quarter of 2024.

Overall, Asia Broadband Inc. continues to innovate and expand, both in its traditional mining operations and its digital assets segment, positioning itself as a leader in integrating precious metals with cutting-edge technology.

11/29/2023 08:00 AM

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Asia Broadband Announces Upcoming Release of New Proprietary and Upgraded AABB Wallet and Important User Advisory

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Asia Broadband Inc. (AABB) is launching a new proprietary and upgraded AABB Wallet in mid December, 2023. The wallet will enhance user experience with decreased costs, faster transaction processing, and increased security. The wallet is 100% decentralized, providing users with full control over their assets at all times. The new wallet will support AABBG token and predominant cryptocurrencies like BTC, ETH, ALGO, USDT, and USDC. Users holding non-supported cryptocurrencies in their current AABB Wallets are required to withdraw them before December 15, 2023. The official launch of the new AABB Wallet is scheduled for December 20, 2023, with the old wallet and backend systems being turned off on December 28, 2023.

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11/15/2023 08:00 AM

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Asia Broadband Directors’ Complete Additional $2 Million Dollar Investment Committing Further to Advance Expansion Projects

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Asia Broadband Inc. (OTC: AABB) announced a $2 million purchase of non-convertible, preferred shares by the company's directors, with each share having 100 voting rights and equal participation with common shares for future dividends. The proceeds will be allocated to capital expansion projects, including a $800 million ore stockpile production agreement and a new processing plant facility in Mexico. The company's President and CEO, Chris Torres, purchased $1.4 million of the total preferred share issuance, demonstrating the management team's commitment to the company's growth and profitability. AABB is also focusing on optimizing capital utilization in its mining production and acquisition strategy in Mexico, as well as expanding its digital asset division, including the AABBG cryptocurrency token, AABB Wallet, PayAABB, and NFT collections.

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10/25/2023 08:00 AM

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Asia Broadband Completes Mineral Analysis Lab Installation and Begins Targeted Ore Stockpile Testing Campaign

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Asia Broadband Inc. has completed the installation of its mineral analysis laboratory and has started a testing campaign on its new processing facility site in Mexico. The lab will expedite the production target identification process and reduce costs. The new facility will maximize processing throughput and metals extraction. AABB has exclusivity to purchase a 4 million ton ore stockpile estimated to represent over $800 million in gold and silver value. The new facility is initially planned to have a 200 tpd processing capacity, with a mill expansion installation to increase capacity to 1,000 tpd.

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10/18/2023 08:00 AM

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Asia Broadband Negotiates Debt Settlement and Approves $12 Million Dollar Share Buyback Program

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Asia Broadband Inc. announces debt settlement and share buyback program

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10/11/2023 08:00 AM

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Asia Broadband Extends Due Diligence In Anticipation of New High-Grade Gold Property Acquisition in Mexico

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Asia Broadband Inc. extends due diligence processes to evaluate a new gold and silver property acquisition in Mexico.

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10/04/2023 08:00 AM

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Asia Broadband Notice to AABBG Token Holders to CONVERT NOW to the Algorand Blockchain For Upgraded Benefits

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Asia Broadband Inc. is migrating from Ethereum to Algorand blockchain, offering enhanced transaction efficiency, lower costs, and increased transparency. Token holders can convert to the new AABBG.ALGO token at a 1:1 ratio. Migration steps provided. Algorand integration also allows holding Algorand-based USDC and USDT.

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09/20/2023 08:00 AM

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Asia Broadband Notice to AABBG Token Holders Regarding Migration Process to Algorand Blockchain

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Asia Broadband Inc. migrates AABBG Token from Ethereum to Algorand blockchain for improved transaction efficiency, lower costs, and increased transparency.

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09/13/2023 08:00 AM

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Asia Broadband Announces AABBG Token Migration to Algorand Blockchain for Enhanced Efficiency and User Experience

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Asia Broadband Inc. is migrating its AABBG Token from Ethereum to Algorand blockchain, aiming to improve transaction efficiency, lower costs, and increase transparency. The migration will enhance transaction efficiency, reduce network transaction costs, and provide increased transparency. The migration process will minimize disruption to token holders, with a one-to-one conversion ratio to maintain value and integrity.

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09/07/2023 08:00 AM

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Asia Broadband Signs Letter of Intent to Acquire High-Grade Gold Property in Jalisco Mexico

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Asia Broadband Inc. signs LOI to acquire high potential property in mining region of Hostotipaquillo, Mexico

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08/22/2023 08:00 AM

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Asia Broadband Receives Second Delivery of New Plant Equipment For Large-Scale Gold & Silver Ore Stockpile Processing Following Manufacturers Visits In China

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Asia Broadband Inc. receives second major delivery of processing equipment for new facility in Mexico. Construction of the facility is expedited with a 3rd quarter 2023 completion timeline. The facility will maximize processing throughput and minimize production costs. The land purchase for the facility was completed with an estimated $800 million gold and silver value in the stockpile. The facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 tpd processing capacity. Mill expansion installation is planned to increase processing capacity to 1,000 tpd.

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FAQ

What is the current stock price of ASIA BROADBAND (AABB)?

The current stock price of ASIA BROADBAND (AABB) is $0.02245 as of November 22, 2024.

What is the market cap of ASIA BROADBAND (AABB)?

The market cap of ASIA BROADBAND (AABB) is approximately 86.1M.

What is Asia Broadband Inc. (AABB)?

Asia Broadband Inc. is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The company also has a digital assets segment with gold-backed cryptocurrency and NFTs.

What is the AABBG token?

The AABBG token is a gold-backed cryptocurrency developed by AABB. It offers stability and security with the potential for demand-based price appreciation.

What is the AABB Wallet?

The AABB Wallet is a proprietary digital wallet developed by AABB, designed to enhance user experience with decreased costs, faster transaction processing, and increased security.

What are AABB's NFT collections?

AABB has launched the Golden Baboons Mining Club and Shorts Rascal Club NFT collections, both backed by gold. The company plans to expand with the Golden Baboons Bitcoin Ordinals collection.

What recent achievements has AABB made in its mining operations?

AABB has increased gold production, acquired high-potential properties, and expanded its processing facilities. The company recorded record revenues and gross profit in the first quarter of 2024.

What is the partnership between AABB and KYN Capital Group?

AABB has partnered with KYN Capital Group to develop a next-generation digital wallet, combining their expertise to create a cutting-edge platform for cryptocurrency transactions.

How does AABB integrate precious metals with digital assets?

AABB integrates precious metals with digital assets through its gold-backed cryptocurrency (AABBG) and NFTs, offering stability, security, and innovative solutions.

Where does AABB primarily operate its mining activities?

AABB primarily operates its mining activities in Mexico, leveraging its specific geographic expertise and extensive industry contacts to expand its precious metals property holdings and production.

What makes the AABBG token unique?

The AABBG token is unique because it is backed by gold, offering stability and security while providing the potential for demand-based price appreciation.

How can I get more information about AABB's digital assets?

For more information about AABB's digital assets, including the AABBG token and NFT collections, visit the company's websites or contact their customer support.