AABB - Asia Metals Sourcing Equipment For $10 Million Production Facilities Expansion
13 December 2019 - 1:20AM
InvestorsHub NewsWire
AABB - Asia Metals Sourcing
Equipment For $10 Million Production Facilities Expansion
Las Vegas, NV -- December 12,
2019 -- InvestorsHub NewsWire -- Asia Broadband
Inc. (OTC
: AABB), through its wholly owned subsidiary Asia Metals Inc.,
announced today it is conducting procurement assessments of mining
processing and facilities equipment with scheduled visits to
equipment supply agents, distributors and manufacturers in
Asia, Europe and North America. The Company’s management,
technical consultants and joint venture partner representatives
will be examining and evaluating production and facilities
equipment to assess the capabilities and capacities relevant to the
Company’s production expansion
requirements.
The Company recently began a $10
million production facilities expansion program to implement a
large-scale equipment and facilities installation to dramatically
increase current production output at the Company’s mine in
Guerrero, Mexico. AABB’s technical team has been engaged with
several engineering and process consultants to finalize the scope,
budget and details to roll out the production expansion plan.
Utilizing the advances in mining equipment automation and
efficiency, the installation of larger scale modern facilities will
significantly increase throughput and metals extraction. The added
production volume at a lower cost per ton is expected to have a
substantial impact on the Company’s gross profit margin going
forward.
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.
Contact the Company at:
Email:
ir@asiabroadbandinc.com
Website: www.asiametalsinc.com
Phone:
702-866-9054
Cervitude Intelligent
Relations
Nicholas
Coriano
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.
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