Le Lézard
Classified in: Science and technology, Business
Subjects: ERP, ACC

AABB Confirms 2019 $5 Million Minimum Gross Profit Projection


LAS VEGAS, July 17, 2019 /PRNewswire/ -- Asia Broadband Inc. (OTC: AABB) today confirmed management's $5 Million annual gross profit projection.  Last week the company announced it will report over $2.7 million in gross profit through the second quarter of 2019.  Based on the performance through the first half of 2019, management anticipates a minimum $5 Million annual gross profit for 2019 in total.  The company's growth is coming from its wholly owned subsidiary Asia Metals, Inc. and continued growth acceleration is anticipated from its ongoing mining operations.  Profits have increased 2000% since 2017.

Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., 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 Guerrero, Mexico, to our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.

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.             

Contact the Company at: 
Email: ir@asiabroadbandinc.com
Website: www.asiametalsinc.com  
Phone: 702-866-9054  
Rebecca Whitmore  
Investor Relations

 

SOURCE Asia Broadband Inc.


These press releases may also interest you

at 15:55
Bloom Investment Counsel, Inc. (the "Manager") announces that it intends to terminate and wind-up Bloom Canada Dividend Fund (the "Fund") on or about August 5, 2020 (the "Termination Date").  The Manager believes it is in the best interests of the...

at 15:51
The Financial Services Regulatory Authority of Ontario (FSRA) is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers during this time of rapid change and disruption....

at 15:50
OneAmerica® today announced its 2019 financial results, recording another solid year of growth, highlighted by strong capital levels and robust sales. "OneAmerica is built to thrive under any circumstance, and our exceptional financial strength and...

at 15:45
Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, is selling the intellectual property assets of Nygard International Partnership (the "Company"), including the trademarks...

at 15:43
The following issues have been halted by IIROC: Company: Appili Therapeutics Inc. TSX-Venture Symbol: APLI (all issues) Reason: At the Request of the Company Pending News Halt Time (ET): 3:35 PM IIROC can make a decision to impose a temporary...

at 15:43
The Hollywood Land Development Company Chairman and CEO Mr. Nicholas Phipps White is pleased to announce that the Department of Justice will proceed with the payment of $27,829,774,612 to the Chairman and CEO of The Hollywood Land Development Company...



News published on 17 july 2019 at 09:57 and distributed by: