Asia Broadband Stock Price, News & Analysis

Asia Broadband Inc. (OTC: AABB) has signed a Letter of Intent (LOI) to acquire a historic gold mine in Mascota, Jalisco, Mexico. The 200-hectare property includes two mine sites and a 50-ton per day processing facility. The estimated value of the property is $30 million. AABB is pursuing the acquisition to expand its gold production and holdings, with further due diligence underway. Additionally, the company plans to launch the AABB Wallet and AABB Gold token (AABBG) to enhance its market presence.

Asia Broadband Inc. (OTC: AABB) addresses shareholders about communication concerns with its service providers, emphasizing that they are not sources of public information. All inquiries should be directed to their new investor relations agency, to be announced soon. Additionally, the company is pursuing legal action against defamatory posts on social media. AABB is focused on producing and selling precious metals to Asian markets and is launching a gold-backed cryptocurrency intended to establish itself as a reliable standard in the crypto space.

Asia Broadband Inc. (OTC: AABB) announced a stock dividend of 1 share for every 50 shares owned, payable to shareholders on record by April 5, 2021. This decision aims to reward loyal shareholders amid growing public interest driven by the upcoming launch of the AABB Gold cryptocurrency token. Additionally, AABB will enhance its investor relations by engaging a new agency to manage communications effectively. The company focuses on precious and base metals distribution in Asian markets, leveraging its unique vertical integration strategy.

Asia Broadband Inc. (OTC: AABB) announced ongoing enhancements to its AABB Wallet applications ahead of the launch of its gold-backed cryptocurrency, AABB Gold token (AABBG). The applications, which will provide real-time exchange rates for gold, are in final testing stages due to overwhelming public interest. The launch has been pushed to March, with expanded processing capabilities and support systems being established. AABB aims for the AABBG token to become a global standard for gold-backed cryptocurrency transactions, targeting high-growth markets like China.

Asia Broadband Inc. (OTC: AABB) announced the completion of its AABBGoldToken.com website by Core State Holdings, Corp. This site will serve as a hub for information on the upcoming AABB Wallet and Gold token, which is set to launch soon. The AABB Wallet apps are nearing completion, featuring an API for real-time gold exchange rates tied to the AABB Gold token. The company aims to establish the AABBG token as a globally recognized gold-backed currency and plans to implement cryptocurrency exchanges shortly after the launch, facilitating trading with major cryptocurrencies.

Asia Broadband Inc. (OTC: AABB) has announced the completion of the AABB Wallet development by Core State Holdings, which is currently testing both iOS and Android platforms. The AABB Gold (AABBG) token has been created, aimed at enabling purchases through the wallet. The company plans to launch the token in the coming weeks, targeting markets like India and China, leveraging their demand for gold and digital currencies. Additionally, an economic algorithm has been established to enhance token access and stimulate B2B transactions, aiming to diversify revenue through monetizing gold assets.

Asia Broadband Inc. (OTC: AABB) is collaborating with Turner, Stone & Company, LLP to complete its auditing processes, aiming for financial statement audits necessary for an uplisting. Recently, AABB sold its mining operations in the Guerrero Gold Belt, Mexico, for $82 million, which showcases its operational success. The company is also focusing on its Colima, Mexico, gold property, allocating $10 million for initial development to enhance production. Infrastructure construction has already begun as part of this initiative.

Asia Broadband Inc. (AABB) is nearing the completion of a development agreement with a digital asset creator to launch a gold-backed cryptocurrency. The discussions include the coin's design and implementation timeline and are aimed at diversifying revenue and monetizing gold production. The company states it plans to unveil more details in the coming weeks. AABB specializes in the production and sale of precious metals, primarily targeting Asian markets through a vertically integrated model, enhancing its market differentiation.

Asia Broadband Inc. (AABB) announced the initiation of its mine development program in Colombia, focusing on expansion and production facilities for a newly acquired gold mine. The site spans 912 hectares and includes an artisan mining area with historical gold and silver production. The company is also pursuing further acquisitions across South and Central America and Mexico, aiming to replicate the success of its existing operations in Guerrero, Mexico. AABB's strategy leverages its geographic expertise and industry contacts to enhance precious metal distribution primarily targeting Asian markets.