Le Lézard
Classified in: Mining industry, Business
Subject: ACC

AABB Outlook Improves With Gold Price 6 YR High Following Fed Chair Speech


LAS VEGAS, July 18, 2019 /PRNewswire/ -- Asia Broadband Inc. (OTC: AABB) today highlighted the fact that gold reached a new six-year high yesterday following Fed Chairman Jerome Powell's speech in Paris. The Federal Reserve reported yesterday that the U.S. economy is growing at a "modest" pace. Gold prices responded by increasing to a new six-year high boding well for the AABB outlook as the company continues to develop a proven gold reserve.

AABB Confirms 2019 $5 Million Minimum Gross Profit Projection

AABB yesterday 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: [email protected]
Website: www.asiametalsinc.com 
Phone: +1-702-866-9054
Rebecca Whitmore
Investor Relations

 

SOURCE Asia Broadband Inc.


These press releases may also interest you

at 20:40
Osisko Development Corp. ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023"). Q4 2023 HIGHLIGHTS Operating, Financial and Corporate Updates: 2,090...

at 20:24
Kootenay Silver Inc. ("Kootenay" or the "Company") is pleased to announce that it has obtained a receipt for a final short form base shelf prospectus with the securities regulators in each province and territory of Canada....

at 19:30
Robex Resources Inc. ("Robex" or the "Company") announces today that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company approved by its shareholders on June 29,...

at 18:55
Denison Mines Corp. ('Denison' or the 'Company') is pleased to announce that it has filed its 2023 Annual Report on Form 40-F with the U.S. Securities and Exchange Commission ('SEC').  Denison's Form 40-F includes its management discussion and...

at 18:50
Cool Company Ltd. ("CoolCo" or the "Company") announces that it has filed its Form 20-F for the year ended December 31, 2023 with the Securities and Exchange Commission (SEC) in the U.S. Form 20-F can be downloaded from the link below, is available...

at 18:40
Liberty Gold Corp. ("Liberty Gold" or the "Company"), is pleased to announce its financial and operating results for the fiscal year ended December 31, 2023. All amounts are presented in United States dollars unless otherwise stated. 2023 AND...



News published on and distributed by: