Asia Broadband Names New Executive Leadership and Adds Strength to Management and Investor Relations Functions
The new executive team plans operational reviews aimed at improving efficiency and financial controls while maintaining existing strategic goals.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Asia Broadband (OTC: AABB) appointed Timothy Gomez as chief executive officer, replacing Cris Torres, effective October 2, 2026. Fernando Ramirez became chief financial officer on the same date, replacing Bernard Velez. A new investor relations team was engaged effective August 1, 2026. The company said the restructuring supports its expanding operations while preserving the previous management's strategic goals.
During 2026, AABB reported revenue growth from increased gold and silver production at its Etzatlán processing operations. It also pursued exploration and drilling at Picachos IV, mining technology development and commercialization initiatives, and mining asset expansion in the Etzatlán region. Work on its precious metals-backed digital asset ecosystem also advanced. The new management plans to review operations and corporate structure to improve efficiency and financial controls, while continuing production and mining asset expansion.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point2026 revenue growth reflected increased gold and silver production at Etzatlán processing operations.
- Minor pointPicachos IV exploration and drilling continued during 2026.
- Minor pointMining asset portfolio expansion in the Etzatlán region was pursued during 2026.
- Minor pointMining technology development and commercialization initiatives were pursued during 2026.
- Minor pointPrecious metals-backed digital asset ecosystem and related technology infrastructure work advanced.
2 minor points
- Minor point. Forward-looking: it has not happened yet and may not happen.Production and mining asset expansion remain priorities for the new management team.
- Minor point. Forward-looking: it has not happened yet and may not happen.Operational and corporate structure reviews are planned to improve efficiency and financial controls.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LAS VEGAS, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) ("AABB" or the "Company") announced today a significant restructuring of its executive leadership and investor relations functions in order to prepare the Company for its next phase of corporate and operational growth.
Effective October 2, 2026, Timothy Gomez is appointed as Chief Executive Officer of Asia Broadband replacing Cris Torres, while Fernando Ramirez is named the Chief Financial Officer, replacing Bernard Velez.
The executive leadership transition is seen as an important milestone for the corporate growth of Asia Broadband Inc. as the Company expands the scope and complexity of its precious metals operations, mining assets, exploration projects, technology innovations and its digital asset business.
Strengthening the Leadership of Asia Broadband
In recent years, the Company has undergone a number of significant changes in terms of its operations, business and assets. Over this period, AABB has considerably expanded the scope of its precious metals production and mining operations in Mexico, advanced the asset base and further developed its exploration activities, invested in its proprietary and licensed mining technologies and worked on building its precious metals backed digital assets ecosystem.
Taking into account the growing scope of its operations, AABB has decided to reorganize the management functions and strengthen the leadership of the Company.
Appointing New CEO and CFO
Appointing Timothy Gomez as Chief Executive Officer adds a greater depth of management experience and strategic focus to the operations of the Company. As the new CEO of Asia Broadband Inc., Mr. Gomez will be responsible for directing the overall strategy of the Company, coordinating all principal operating divisions and implementing the Company's corporate strategy.
Fernando Ramirez is appointed as the Chief Financial Officer of the Company and will be in charge of financial management, as well as all other related financial functions. The new executive team will work together with the current personnel of the Company in order to maintain continuity and consistency of all the existing initiatives while identifying ways to increase efficiency and optimize the financial management and processes of the Company.
The Company wishes to extend its sincere gratitude to former CEO Cris Torres and former CFO Bernard Velez for their invaluable efforts, leadership and commitment to helping the Asia Broadband reach its current state. Under their tenure, the Company successfully progressed in the development of the operations, mining asset base and achieved the strategic vision which has been guiding the development of the Company.
Maintaining the Corporate Vision and Goals Set by the Previous Management
The new management team of the Company is committed to maintaining the strategic vision and goals set by the previous management of Asia Broadband.
"Our objective is to build upon the foundation and the goals set by Cris," said Timothy Gomez, the newly appointed CEO of Asia Broadband Inc. "We aim to take the base which was built up during his tenure and add the required managerial expertise, structure and execution capability to bring the Company to the next level."
New Investor Relations Function
The appointment of the new management functions of the Company follows an important organizational change implemented earlier this year.
Effective August 1, 2026, the Company has engaged a new Investor Relations team. This is an important step to provide investors with the corporate communication and to streamline the flow of information between the Company and its stakeholders.
Expanding Operating Platform
The management transition of the Company comes at an important time in the development of Asia Broadband Inc.
During the current year, the Company has successfully continued its expansion of precious metals production and mining operations in Mexico as well as has pursued several strategically important initiatives of the Company.
During the year 2026, AABB has reported significant growth of revenues from increased gold and silver production in its Etzatlán processing operations, exploration and drilling operations at Picachos IV, development and commercialization initiatives concerning the mining technologies and expansion of its mining asset portfolio in the Etzatlán region.
The Company has also advanced its work with its precious metals backed digital asset ecosystem and corresponding technology infrastructure. Considering the growing diversification of its operations, management believes that the new operations structure of the Company will enhance the expansion of all these initiatives.
Appointment of the new CEO and CFO, as well as the restructuring of the Investor Relations function, are aimed at creating the optimal management structure to further elevate the Company going forward.
Focus on Efficiency and Long-Term Shareholder Value Creation
Under the leadership of the new executive team, the priorities of the Company will remain the same - expansion of precious metals production, development and expansion of mining assets, strategic growth and long-term creation of the value for the shareholders of the Company.
Also, the new management will regularly and strategically analyze the operations, corporate structure and key initiatives of the Company to identify and implement changes to increase the efficiency, enhance financial controls and prioritize efforts for the long-term development of the Company.
Timothy Gomez, Chief Executive Officer of Asia Broadband Inc., stated: "Asia Broadband Inc. is going through an important milestone in its evolution. The Company has built a diversified portfolio of the mining, production, technology and digital asset initiatives and our objective is to build the management structure which would allow us to take full advantage of them.”
"Our priorities will include management efficiency and a focus on the core operations and initiatives to advance the projects rapidly that will bring significant long-term value to the Company and its shareholders.”
"I am eagerly looking forward to working with my new colleague Fernando, the Company’s operations team and our newly fortified Investor Relations department, while moving Asia Broadband into the next phase of its development."
The Company will announce additional information regarding the new executive leadership, its strategic priorities and initiatives as the material developments occur.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold and silver holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG and AABBS mine-to-token gold and silver-backed cryptocurrencies within its own proprietary GoldAxis Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.
Contact the Company at:
| General Email: | ir@asiabroadbandinc.com |
| Token Support: | support@aabbgmine2token.com |
| Company Websites: | www.asiabroadbandinc.com |
| www.aabbgmine2token.com | |
| www.goldenbaboons.com | |
| Phone: | 702-744-4785 |
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.
Source: Asia Broadband Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who are Asia Broadband's new CEO and CFO, and when did they take over?
Timothy Gomez became CEO and Fernando Ramirez became CFO effective October 2, 2026. Gomez replaced Cris Torres, while Ramirez replaced Bernard Velez. The new management team is committed to maintaining the strategic vision and goals established by the previous management.
What responsibilities will Asia Broadband's new CEO and CFO have?
Timothy Gomez will direct overall strategy and coordinate the principal operating divisions; Fernando Ramirez will oversee financial management and related functions. The executive team plans to work with existing personnel to maintain continuity of current initiatives while identifying opportunities to improve efficiency and financial management processes.