ABT Mining Co. (Pink
Sheets: ABOT.pk) announced that effective May 27, 2015, Imran Firoz resigned as
the President, Chief Executive Officer, and Secretary of ABT Mining Co., which
is also doing business as Abot Mining Co. (the “Company”). Subsequent to Mr. Firoz’
resignation, Mr. Shahan Ohanessian was appointed as the President, Chief
Executive Officer, Director and Secretary of the Company. Mr. Firoz shall
continue as the Chief Financial Officer and Director of the Company.
Mr. Ohanessian is a
positive addition to Company’s senior management team. Mr. Ohanessian has
proven track record in creating value for growth companies, foster innovations
and develop technologies that will allow the Company to expand into new
business opportunities in the near future.
Mr. Ohanessian has
vast knowledge in insurance claims industry and in the development,
implementation and marketing of online software technologies. Mr. Ohanessian
attended USC (University of Southern California) and studied computer programming
and software management. In 2001 Mr. Ohanessian created one the first online
claim management portals that grew from handling claims for one insurance
company in Southern California to managing thousands of claims for many
insurance companies nationwide in less than 24 months.
Mr. Ohanessian
stated “I am thrilled with this appointment and looking forward to creating new
opportunities for ABT and its shareholders in the near future. Stay tuned, as
we will be announcing Company’s new corporate and M&A strategy that will
create new paths for ABT, diversify our revenue model and generate positive
cash flow resulting into a flourishing and bright future for all stakeholders”.
About the Company
ABT is a US based
mining company engaged in discovering, acquiring, developing, producing, and
marketing precious and semi-precious metal properties and is currently
headquartered in Irvine, California. ABT plans to create long term shareholder
value by implementing an aggressive exploration program, making new precious
metals discoveries and developing mining properties with long-life and low cost
operation.
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
301
Simplicity | Irvine | CA 92620
T:
+1 818.302.0100
E:
info@abotmining.com