Asia Broadband Corp. (OTC: AABB) is reporting strong revenue growth due to rising gold and silver prices. The company's quarterly net income is up, and roughly half of its production is silver. AABB plans to build a new ore stockpile processing plant in Etzatlan, Mexico, which will significantly expand its silver production.
AABB's revenue could increase further if silver prices rise as expected as Samsung plans to mass-produce batteries for its next-generation electric vehicles (EVs), which require silver. In response, AABB is considering accumulating silver bullion for investment and developing a silver-backed token.
CEO Chris Torres highlighted that strong precious metals markets led to significant increases in gross margins and net income, and that the company expects continued growth as it expands production at its new Etzatlan facility.
Asia Broadband Inc. (OTC: AABB) is taking important precautions regarding the production of its mineral resources in Etzatlán, Mexico.
I will be visiting Sariranno, per email (EV), starting Samsung production, keeping Argento Potrebello at his peak productivity, and preparing AABB. At Risposta, AABB is considering the possibility of token support and accumulation per investment.
CEO Chris Torres believes the sale of metal products is important and he is working hard to maximize Etzatlan's productivity in order to make the most of the profits.
Asia Broadband Inc. (OTC: AABB) provides future security information. La ganancia neta de la empresa aumento, con aproximadamento la mitado su ciendo plata. AABB is expanding its new plata list, which means mineral production processing in Etzatlan, Mexico.
Samsung Planes, as a producer of vehicle electrics (EVs), recognizes the need for the Plata Podolian Impulsor to maintain the safety of the AABB. As a response, the AABB will consider cumulative language that indicates the platform's inversion and potential.
CEO Chris Torres recognizes the importance of premium metal products, delivering profitable returns, Ganantia Neta and continued productivity gains.
Asia Broadband Inc. (OTC: AABB) supports Asia Broadband Inc. (OTC: AABB). I can't wait to see it, I can't wait to see it. AABB Next.
(EV) (EV) (EV) AABB supports AABB. AABB It's okay.
CEO CEO 차Achieve the best performance.
Asia Broadband Inc. (OTC: AABB) guarantees the highest profits and the best possible returns. Le revenu net trimestriel de l'entreprise augmenté, avec environ la moitié de saproduction étant de l'argent. AABB guarantees the safety of its mine production in Etzatlán, Mexico.
Samsung will plan for large production to supply vehicle electric (EV) batteries and large quantities of encore boosters when required, boosting AABB's revenue. In response, AABB envisions an accumulation of apples to maximize investment and investment potential.
PDG Chris Torres is pleased that the precision meat market for hard croissants has increased consideration for Marge Brute and his wife, who are now on the market, to continue expanding production and exploring new ways to make croissants.
Asia Broadband Inc. (OTC: AABB) is dedicated to delivering the best in gold and silver. The net result of quartz trading is that half of the silver product is produced. The AABB factory is a silver production facility of Erzlager in Etzatlán, Mexico, with a new production line for Erzlager.
Die Pläne von Samsung, eine Silber benötigende Batterie für ein Elektrofahrzeug (EV) der nächsten Generation in Serienproduktion herzustellen, könnten die Einnahmen von AABB weiter sreigern, wenn die Silberpreise wie erwartet sreigen. ufen und möglicherweise einen silbergedeckten Token zu entwickeln.
CEO Chris Torres betont, dass der starke Markt für Edelmetalle die Bruttogewinnspanne und den Nettogewinn erheblich stigert, mit Erwartungen für weiteres Wachstum, da die Produktion in der neuen Etzatlan-Anlage hochgefahren wird.
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Quarterly net income rises due to rising gold and silver prices Samsung's silver-required EV battery development could significantly boost revenue Plans to expand silver production by building a new ore stockpile processing plant in Etzatlan, Mexico Considers accumulating silver bullion to increase investment value Proposal to develop silver-backed token August 28, 2024 – 8:00 AM
LAS VEGAS, Aug. 28, 2024 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is excited by the expected rise in gold and silver prices this year and the associated increase in AABB's quarterly net income. In addition, the recent news that Samsung plans to mass-produce next-generation electric vehicle (EV) batteries, which require silver, could have a significant impact on AABB's revenue growth if silver prices rise as expected. Approximately half of the Company's quarterly production is silver, which will increase significantly once its new ore stockpile processing plant in Etzatlan, Mexico, begins processing operations. As silver production increases in the near future, AABB plans to evaluate its accumulation of silver bullion for increased investment value and its proposed silver-backed token.
https://www.kitco.com/news/article/2024-08-19/silver-set-soar-samsungs-solid-state-battery-breakthrough-analysts
“Strong precious metals markets have significantly increased our gross margins and net income, and this impact on profitability will be even stronger as Samsung's new EV batteries increase demand for silver. The magnitude of this impact on profitability will also increase as the new reserves processing plant in Etzatlan comes online, significantly increasing gold and silver production,” said AABB President and CEO Chris Torres.
About Asia Broadband
Asia Broadband Corp. (OTC:AABB) is a resource company focused on precious metals production and the accumulation of physical gold holdings. The company is leveraging its specific geographic expertise, experience and extensive industry connections to facilitate the expansion of its precious metals asset holdings and production in Mexico. The company's industry and business integration and asset diversification in Mexico are AABB's unique strengths that differentiate it from its competitors and create unique value for shareholders. In addition, the company has a digital assets business division, offering the AABBG mine-to-token gold-backed cryptocurrency in its proprietary AABB wallet, as well as its proprietary Golden Baboons Mining Club and Shorts Rascal Club non-fungible token (NFT) collections. AABB expects its tokens to become a gold-backed, stable, secure and reliable global exchange standard, with the added benefit of demand-based price appreciation. These are unique and superior attributes compared to other cryptocurrency and digital asset developers.
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Asia Broadband
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www.goldenbaboons.com Phone: 702-866-9054
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Asia Broadband Inc.'s (the “Company”) current expectations regarding its business and are subject to uncertainties and changes. Changes in industry, regulatory, market or competitive conditions could cause the Company's operations and results to differ materially from those expressed or implied by such statements. More information regarding these risks is contained in the Company's annual and quarterly disclosures published on the OTC Markets website. The Company assumes no obligation to update or revise any forward-looking statements in light of future circumstances, events or information.
FAQ
How has the rise in gold and silver prices affected Asia Broadband Corp (AABB)?
Rising gold and silver prices boosted Asia Broadband Corp's (AABB) quarterly net profit and strengthened the fundamentals for revenue growth.
How will Samsung's new EV batteries affect AABB silver production?
Samsung's plans to mass-produce next-generation EV batteries, which require silver, could increase silver demand and prices, which will have a positive impact on AABB's earnings as roughly half of its quarterly production is silver.
What are AABB's plans for expanding silver production?
AABB plans to significantly expand its silver production by building a new ore stockpile processing plant in Etzatlan, Mexico, with processing operations expected to commence in the near future.
Is AABB considering any new silver-related initiatives?
Yes, AABB is evaluating the accumulation of silver bullion to enhance the value of its investment and is considering developing a silver-backed token.
How does AABB's CEO view the current market conditions for precious metals?
CEO Chris Torres said strong precious metals markets have significantly increased AABB's gross margins and net income, and he expects continued growth as the company ramps up production at its new Etzatlan facility.
