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Asia Broadband, Inc. (AABB)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.1523-0.0177 (-10.44%)
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Neutralpattern detected
Previous Close0.1700
Open0.1550
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1480 - 0.1700
52 Week Range0.0019 - 0.6447
Volume26,638,358
Avg. Volume86,917,162
Market Cap62.673M
Beta (5Y Monthly)3.58
PE Ratio (TTM)N/A
EPS (TTM)-0.0930
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • Asia Broadband Proprietary Cryptocurrency Exchange Development Milestones Achieved and Timeline to Completion
    GlobeNewswire

    Asia Broadband Proprietary Cryptocurrency Exchange Development Milestones Achieved and Timeline to Completion

    LAS VEGAS, May 11, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has achieved numerous development milestones in the initial month of building its proprietary cryptocurrency exchange (the “Exchange”). Subsequent to the recent launch of the Company’s AABBG gold-backed token, created with developer Core State Holdings, Corp. (CSHC), AABB’s own proprietary cryptocurrency Exchange version of AABB Wallet has been under development. The Exchange will allow AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. The proprietary Exchange will also add tremendously to transaction fee revenues and allow for the price appreciation of AABBG, influenced by market demand and the limited supply of tokens released into circulation. One of the worlds leading gold producers recently commented about its precious metals sector and endorsed the importance of cryptocurrencies that are an exchangeable method of payment for purchases worldwide. The unique and pioneering mine-to-token qualities of the AABBG token have laid the foundation to become a worldwide standard of exchange that is secured and trusted with gold backing. https://www.kitco.com/news/2021-05-06/Barrick-Gold-s-Mark-Bristow-on-how-to-out-flank-bitcoin.html After the first month of development, the Exchange completion timeline is on the planned path for testing in mid-August with the live Exchange launch expected in early September. The major development components planned for completion in the coming months are the cold wallet, web-versions of the wallet and Exchange, transaction fee mechanism, trade platform and reporting system. The first month of the Exchange development centered around preparing the network, platform, design and algorithms. Some of the development highlights were as follows. The improvement and optimization of the network foundation was completed, adding additional visitor capacity. The blockchain network was upgraded to allow rapid two-way transfers from the blockchain to the wallet and also allow the efficient addition of other currencies to the Exchange. The design for the iOS, Android, and Web-version of the Exchange was completed. Updated versions of the iOS and Android applications were submitted for approval with new functionality and to increase the speed of mobile applications and add information capacity to the Exchange. The KYC protocols began the streamlining process for the Exchange to allow easier user completion and system acceptance. About Asia Broadband Asia Broadband Inc. (OTC: AABB) 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 Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. The Company has recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to become a worldwide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. Contact the Company at: InvestorBrandNetwork General Email:ir@asiabroadbandinc.comToken Support :www.AABBGoldToken.com/support/Company Website:www.asiabroadbandinc.comToken Website:www.AABBGoldToken.comPhone: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. Corporate Communications:InvestorBrandNetwork (IBN)Los Angeles, Californiawww.InvestorBrandNetwork.com310.299.1717 OfficeEditor@InvestorBrandNetwork.com

  • Asia Broadband Proprietary Cryptocurrency Exchange Development Update Available Next Week
    GlobeNewswire

    Asia Broadband Proprietary Cryptocurrency Exchange Development Update Available Next Week

    LAS VEGAS, May 06, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has achieved substantial progress to date on the planned development path of its proprietary cryptocurrency exchange (the “Exchange”). Subsequent to the recent launch of the Company’s AABBG gold-backed token, created with developer Core State Holdings, Corp. (CSHC), AABB’s own proprietary cryptocurrency Exchange version of AABB Wallet has been under development. The Exchange will allow AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. The proprietary Exchange will also add tremendously to transaction fee revenues and allow for the price appreciation of AABBG, influenced by market demand and the limited supply of tokens released into circulation. Concurrent with the Exchange development, the Company has begun implementing an international marketing campaign aimed at proliferating brand exposure, increasing token sales and AABB Wallet transactions, and amplifying public and investment community awareness of the Company. AABB’s primary goal for the token is to make it a worldwide standard of exchange that is secured and trusted with gold backing, and the Company aims to achieve this by progressively expanding token circulation to the primary sales markets of North America and Europe and to expand globally to other predominant and high-growth market areas. Early this week, AABB confirmed with its transfer agent that the 1 for 45 restricted common share dividend for shareholders of record, dated May 3, 2021, had begun distribution with the Depository Trust Company and shareholders’ brokerage firms. It was also confirmed that all shareholders that own registered share certificates with the Company’s transfer agent were sent the dividend share certificates directly by mail this week. In other news, the Company is pleased to announce its new management team, which has been recently transitioning into the key roles of AABB’s operations to rapidly advance the growth of the mining and cryptocurrency business segments. Please visit the Company’s website “About” section for further details. The mandate and critical success focuses of AABB’s new management are to move the Company into gold production this year and to complete the development of its proprietary cryptocurrency Exchange in the coming months. Accordingly, and due to the overwhelming public inquiries directed to AABB’s audit firm, the Company has decided to disengage with Turner, Stone and Company. AABB intends to refocus and move forward with the planned audit at a later date, when operational milestones have been achieved, to allow dedication of the necessary resources to complete the audit expeditiously. About Asia Broadband Asia Broadband Inc. (OTC: AABB) 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 Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. The Company has recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to become a worldwide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. Contact the Company at: InvestorBrandNetwork General Email: ir@asiabroadbandinc.comToken Support : www.AABBGoldToken.com/support/Company Website: www.asiabroadbandinc.comToken Website: www.AABBGoldToken.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. Corporate Communications:InvestorBrandNetwork (IBN)Los Angeles, Californiawww.InvestorBrandNetwork.com310.299.1717 OfficeEditor@InvestorBrandNetwork.com

  • Asia Broadband Signs Letter of Intent to Acquire High-Grade Gold Mine Property in Acaponeta Mexico
    GlobeNewswire

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

    LAS VEGAS, April 22, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a Letter of Intent (LOI) to acquire a historic production multiple mine property in the prolific mining region of Acaponeta in Nayarit, Mexico. The high-grade acquisition target that is located approximately 48 kms southeast from the city of Acaponeta and 3 kms from the town of El Carrizo, has two mine sites, existing infrastructure and a 200 ton per day processing facility. The Acaponeta gold project is another prospective high yield asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings. In the coming weeks, the Company will be conducting further due diligence and continuing its negotiations to acquire the economical $11 million property. AABB is expecting to confirm high grade assay results in the coming week from the Company’s initial due diligence activities on the property, as the mapping and rock sampling program continues. Company management is exhilarated with the Acaponeta project for its potential for rapid development, high production and low operating costs. All efforts are underway to accelerate this tremendous potential acquisition to expeditiously advance AABB into production and begin an expansion program. The Company anticipates negotiating a definitive agreement to acquire the Acaponeta project in the very near future and will release additional location details, photos and mineralization information at that time. About Asia BroadbandAsia Broadband Inc. (OTC: AABB) 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 Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. The Company has recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to become a world-wide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. Contact the Company at: Investor Brand Network General Email:ir@asiabroadbandinc.comToken Support:www.AABBGoldToken.com/support/Company Website:www.asiabroadbandinc.comToken Website:www.AABBGoldToken.comPhone: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. Corporate Communications:InvestorBrandNetwork (IBN)Los Angeles, Californiawww.InvestorBrandNetwork.com310.299.1717 OfficeEditor@InvestorBrandNetwork.com