Business
Asia Broadband Confirms $16.8 Million Annual Gross Profit Affirming Mining Operations Development Success
Asia Broadband Confirms $16.8 Million Annual Gross Profit Affirming Mining Operations Development Success.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n LAS VEGAS, March 24, 2021 (GLOBE NEWSWIRE) -- via InvestorWire — Asia Broadband Inc. (OTC : AABB) is pleased to announce that the Company has finalized the financial results for the year ending December 31, 2020, and has achieved an all-time high annual gross profit of $16.8 million. The Company recently received its final 2020 year-end price adjusted gold and silver sales revenues and will be publishing the annual report in the coming week. The accomplishment of this financial milestone attests the Company’s successful mining operations established in 2020. AABB’s strategic growth focus has allowed the Company to capitalize on a unique ability to vertically integrate mineral resource production in Mexico with a high resource demand and abundant investment capital in Asia. In 2021, AABB shifted its focus to leverage its resources and experience to duplicate its proven mining operations expansion model on the Company’s new high potential gold properties in Mexico. The current mining projects are situated in regions where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success in Mexico. In other Company news, AABB is nearing completion of a new and enhanced corporate website highlighting the Company’s current properties and operations. AABB is also in the process of appointing additional management to the Company to expand operational expertise and expedite project development. Earlier this week, the Company launched the sales of its gold-backed cryptocurrency AABB Gold token (AABBG) and is currently expanding token circulation through broadening the awareness of this strategically positioned revenue segment of the Company. 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 ...