Tuesday, February 14, 2017 12:56:31 PM
Pasadena, California - ABT Holdings (OTC Pink: ABOT), at times, referred to as “ABT or the “Company,” today announced that it had completed the audit of its financial statements for years ended December 31, 2014, and 2015 (the “Statements”). This audit is the first step in becoming a reporting company with the Securities and Exchange Commission (“SEC”). Dbbmckennon, who are the Company’s independent registered public accounting firm conducted the audit.
Readers of the Statements should be mindful that the 2015 Statements reflect the results of operations after the change in business direction of the Company where the Company acquired the AutoClaim business and Scoobeez in May 2015, and August 2015 respectively. The full financial impact of twelve months of ABT’s businesses is expected to be realized in fiscal 2016. The Company recorded gross revenue for fiscal 2015 in excess of $5.0 million with gross margins of over $1.3 million. Scoobeez's strong dominance as an On Demand door-to-door logistics and delivery service company fuels this financial turnaround.
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