LAS VEGAS, Aug. 28, 2019 /PRNewswire/ -- Asia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., today announced a new gold mine acquisition campaign targeting properties that have historic gold production in South America, Central America and Mexico. The focus of the campaign is to duplicate the successful acquisition model of the Company's existing high-density, shallow gold mine property in Guerrero, Mexico, that had known historical gold vein structures prior to AABB's full-scale development and production expansion.
The Company has engaged the services of a mineral lands agent specializing in the Americas region and a geological consultant to source potential property acquisitions and assess their production and profit potential. Additionally, several representatives from the Company's Joint Venture Partner have been assigned to facilitate the initiative and analyze the development potential of each property. The expectations of the acquisition initiative are to secure one or more new gold properties with high development potential in the 3rd or 4th quarter of this year.
Management Update On High-Density Shallow Goldmine Developments Next Week
The company plans to publish a management update next week on Thursday, September 5, 2019. The update will center on the latest developments with the company's high-density, shallow goldmine in Guerrero, Mexico. The company recently reported $2.75 million in 2019 YTD gross profits from its overall operations and the update next week will include further details on the company's previously disclosed $5 million gross profit target for year-end 2019. Learn more about the new gold mine acquisition campaign announced today next week in the management update.
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
Rebecca Whitmore
Investor Relations
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SOURCE Asia Broadband Inc.