ABT
Mining Co. (Pink Sheets: ABOT.pk, the “Company”) announced that the Company has
acquired “AutoClaim” Mobile App (the “App”), an advanced “Proprietary” real time Mobile Claims Documentation and Management
System. The App will be available as a free download for personal use to over
200 million licensed drivers in the United States. All drivers, including commercial
fleets, municipalities, and government agencies can utilize this App.
The
App is indented to revolutionize the multi-billion dollar auto insurance claim
industry at an operational and strategic level that will enhance customer
service, streamline data management for effective decision making on claims,
improve capital efficiency by correctly managing claims portfolios and provide many
other benefits to insurance companies and its policyholders.
The
proprietary technology of AutoClaim will be a great asset for all users as it
provides additional benefits to the end-user including customized and tailored offers,
discounts and coupons. For more information on the App, viewers can go to www.ABTHoldings.com or www.AutoClaim.com.
Mr.
Firoz commented, “This is a major step forward in improving the Company’s
balance sheet by adding a significant asset that can generate multiple residual
revenue streams, while creating a positive cash flow for the Company.”
Mr.
Ohanessian commented, “Statistics show with more than 10 vehicle accidents
every minute and over 90% of the accident victims using a smartphone, the
AutoClaim App’s growth opportunity is tremendous. This untapped vertical will
continue to grow as ABT will enjoy the first-mover advantage in the Mobile
Claims Management business.”
The
App is scheduled to be released as a free download for personal users between
Q4 2015 / Q1 2016.
About the Company
ABT Mining Co. Inc.
also doing business as ABT Holdings, is a diversified holding company engaged
in investing, acquiring, developing, and growing various businesses that
provide strategic advantages, generate attractive returns and significant free
cash flow in order to maximize value of our shareholders.
Forward-Looking Statement
Any statements made
in this press release which are not historical facts contain certain
forward-looking statements; as such term is defined in the Private Security
Litigation Reform Act of 1995, concerning potential developments affecting the
business, prospects, financial condition and other aspects of the company to
which this release pertains. The actual results of the specific items described
in this release, and the company’s operations generally, may differ materially
from what is projected in such forward-looking statements. Although such
statements are based upon the best judgments of management of the company as of
the date of this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including, without
limitation, the company's dependence on third parties, general market and
economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update information
contained in any forward-looking statement. This press release shall not be
deemed a general solicitation.
Contact:
Imran
Firoz, CFO
ABT
Mining Co.
ABOT.PK
225
S Lake Avenue, Suite 300 | Pasadena | CA 91101
T:
+1 818.302.0100
E:
info@abotmining.com