New York, NY – January 15, 2019 – The stock price per share of Asia Broadband Inc. (USOTC: AABB) is likely to explode when the company files its upcoming annual report. Last year the company reported $277,000 in gross profit on $882,000 in revenue. As of September 30, 2018, AABB has reported $2.7 million in gross profit just through the end of the third quarter. 2018 year-to-date (YTD) revenues through the third quarter have already exceeded total revenues for 2017 and the gross profit is up 1000%. AABB has quietly snuck into the mining business with a unique twist connecting mineral resources in Mexico to buyers in China. When the company files its annual report for 2018, there will be nothing quiet about this company any more. Put this one on your radar. AABB is trading at about $0.01 with a 52-week high of $0.10. A PPS retrace to the $0.10 52-week high even before the annual report would not be a surprise. With nearly $2 million in cash on the balance sheet now, a PPS much higher than the 52-week $0.10 high is well deserved.
About Asia Broadband Inc. - 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.
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This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.