AABB – Asia Metals Trends to $5 Million Annual Gross Profit Validating Mining Operations Expansion

LAS VEGAS, July 10, 2019 /PRNewswire/ — Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced today the continued acceleration of its mining operations expansion activities in 2019. Through the second quarter of 2018, AABB reported $1.7 million in gross profit and management has confirmed it will report over $2.7 million in gross profit through the second quarter of 2019, reflecting a 60% increase over the first half of 2018 and a 2000% increase over the first half of 2017. Based on the first half results of 2019 and the facilities and resource expansion programs in progress, the Company’s budgets for the second half of 2019 include a minimum $5 Million annual gross profit projection. In addition to the dramatic increase in gross profit, the Company reported $6.9 million in cash on the balance sheet in the first quarter of 2019 and will receive a $9 Million Joint Venture funding payment in the second half of 2019. 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 resource demand and abundant investment capital in Asia.