Asia Metals Inc. Development Agreement for Gold Backed Cryptocurrency Coin in Final Rounds of Negotiations OTC Markets: AABB

LAS VEGAS, October 15, 2020 (GLOBE NEWSWIRE) – Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company is in the final stages of negotiating the terms of a development agreement with a digital asset and cryptocurrency maker to produce a gold-backed cryptocurrency coin. . AABB is in advanced discussions with the developer to plan the design, implementation, and pivotal event schedule for the gold-backed crypto coin before starting the development process. Seen as a revenue diversification project to create liquidity and monetize gold production, the Company is excited to release further details on the gold-backed cryptocurrency project in the coming weeks after the deal is completed.

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 uses its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from manufacturing and supplying precious and base metals in Guerrero, Mexico, to our customer networks in Asia. This vertical integration approach to sales transactions is Asia Broadband’s unique strength and differentiates the Company from its shareholders.

Forward-looking statements are contained in this press release under the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs of Asia Broadband Inc. (the “Company”) about the Company’s business, which are subject to uncertainty. and modifications. The Company’s operations and results could differ materially from what is expressed or implied in the above statements when industry, regulatory, market and competitive circumstances change. Further information on these risks can be found in the annual and quarterly disclosures that the Company has published on the OTC Markets website. The Company has no obligation to update or modify its forward-looking statements as future circumstances, events and information may change.