Asia Broadband Inc (AABB)

[paulsw42]

New York, NY -- January 25, 2019 -- InvestorsHub NewsWire -- via NextBigTicker.com -- Asia Broadband Inc. (USOTC: AABB) trading volume has been steadily increasing as the market becomes aware of the company’s very successful transition into a lucrative mining niche. AABB has posted a 1000% increase in gross profit through the third quarter of 2018 reporting almost $3 million in gross profit compared to $277,000 in gross profit for the entire previous year. The company is also reporting nearly $2 million in cash on its balance sheet. While the company was still going unnoticed on October 24, 2018, it signed a $34 million joint venture agreement that included an initial $5 million payment. The financial benefit of the agreement will become apparent when the company publishes its 2018 annual report. AABB is trading between $0.02 and $0.04 on much higher than its twelve-month average trading volume. The PPS has a 52-week high of $0.10 and once the annual report is filed adding the benefit of the $34 million joint venture to the organic $3 million in gross profit and $2 million in cash from operations already reported, the PPS is likely to rocket back to its $0.10 52-week high and beyond.