Asia Broadband Inc (AABB)

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AABB - Asia Metals $3 Million Gross Profit Validates Mining Operations Expansion Plans

Las Vegas, NV -- January 24, 2019 -- InvestorsHub NewsWire -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., today announced the continued acceleration of its mining operations expansion activities in 2019. Last year, through the third quarter of 2018, AABB reported $2.7 million in gross profit and management has confirmed it will report over $3 million in gross profit for the full year. The Company only reported $277,000 in gross profit on $882,000 in revenue in 2017 prior to the implementation of its operations expansion plans in 2018. The additional operations resulted in a 1000% increase to AABB’s gross profit through the 3rd quarter of 2018 compared to the entire previous year. In addition to the dramatic increase in gross profit, the Company reported $1.8 million in cash on the balance sheet at September 30, 2018. Asia Metal’s strategic growth focus has allowed the Company to capitalize on a unique ability to connect mineral resources in Mexico with a high demand for such resources in Asia. In conjunction with the upcoming annual report, management plans to publish a number of strategic updates regarding the Company’s comprehensive expansion throughout 2019.