LAS VEGAS, Sept. 11, 2019 /PRNewswire/ -- Asia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., today issued a reminder to shareholders that an initial analyst report from Goldman Small Cap Research will be published tomorrow, September 12, 2019. Goldman recently initiated ongoing analyst coverage of AABB. Management is confident in AABB's operations and believes an independent analysis of the company in comparison to AABB's overall market will reveal the company's yet unrecognized value.
$2.75 M Gross Profit 1st Six Months; $6 M Gross Profit Projection For Yr End
The company recently published a management update reviewing the acceleration of the Company's gold mining operations expansion activities in 2019. As a result of the significant production achievements made in the 3rd quarter to date, the Company is anticipating record 3rd quarter results and has increased its 2019 outlook by 20% to include a minimum $6 Million annual gross profit projection. AABB reported $2.75 million in gross profits for the first six months of 2019.
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: +1-702-866-9054
Cervitude Intelligent Relations
Nicholas Coriano
SOURCE Asia Broadband Inc.
Disclaimer
This electronic content is for the purposes of solicitation subscriptions for Market Wire News. Market Wire News expects to generate new advertisement revenue resulting from the distribution of this electronic content. The amount of which is unknown at this time. Market Wire News is not a registered investment adviser or broker-dealer. This electronic content does not provide a professional analysis of a AABB financial position. AABB financial position and all other information regarding the featured Company should be verified directly with AABB. This electronic content is provided as an information service only, and any statements and opinions in this electronic content should not be construed as an offer or solicitation to buy or sell any security. Market Wire News accepts no liability for any loss arising from an investor's reliance on or use of this electronic content. An investment in AABB is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. Market Wire News does not own, buy, sell or plans to own, buy, sell, and of AABB shares. This electronic content contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. Market Wire News has received fifty thousand dollars from non affiliated 3rd party for Brand Awareness Distribution, Corporate Communications, News, Press Release Enhancement and Social Media Solutions starting 2024-03-04 00:00:00 ending 2024-03-29 00:00:00. Please read our full disclaimer for compensation and more detailed information.