LAS VEGAS, Sept. 5, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has received delivery of two fully equipped track carrier mounted drilling rigs on site. The rigs were purchased and shipped from China in July 2018 and will be utilized for the targeted drill program in close proximity to the Company's mine in Guerrero, Mexico. The drilling units and accessories were subject to several unexpected delays in the customs clearing at the Port of Acapulco and the bonded and secured deliver service to the Company's mine site location.
Over the next several weeks the drilling machinery and equipment will go through an evaluation and testing period conducted by an experienced mining engineer and drill operator. It is essential for the timely completion of the planned drill program and for asset protection purposes to ensure that the equipment functions within normal parameters on a schedule of short duration test holes over a variety of terrain. Subsequent to the various test hole trials and operating evaluations, the equipment will be deployed and engaged on the first target drill site for full operation.
"The whole Asia Metals team is extremely excited to finally have the drilling equipment on site and we are very close to commencing with the first phase of our extensive drill program plans for 2018 and 2019," expressed James Gilbert, the Company President and CEO.
Asia Broadband Inc. (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.
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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.