LAS VEGAS, Sept. 11, 2019 /PRNewswire/ -- Asia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., today issued a reminder to shareholders that an initial analyst report from Goldman Small Cap Research will be published tomorrow, September 12, 2019. Goldman recently initiated ongoing analyst coverage of AABB. Management is confident in AABB's operations and believes an independent analysis of the company in comparison to AABB's overall market will reveal the company's yet unrecognized value.
$2.75 M Gross Profit 1st Six Months; $6 M Gross Profit Projection For Yr End
The company recently published a management update reviewing the acceleration of the Company's gold mining operations expansion activities in 2019. As a result of the significant production achievements made in the 3rd quarter to date, the Company is anticipating record 3rd quarter results and has increased its 2019 outlook by 20% to include a minimum $6 Million annual gross profit projection. AABB reported $2.75 million in gross profits for the first six months of 2019.
Asia Broadband Inc. (OTC: AABB), 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.
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.'s (the "Company") expected current beliefs about the Company's business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
SOURCE Asia Broadband Inc.