LAS VEGAS, November 12, 2020 (GLOBE NEWSWIRE) – Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company has signed a Memorandum of Understanding (MOU) and has accepted the terms of a development agreement with a creator of digital assets and crypto wallets to produce a gold-backed cryptocurrency coin. AABB is continuing its discussions with the developer to plan the details of the design, branding, implementation and pivotal event schedule for the gold backed cryptocurrency as per the agreed terms prior to commencing 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 next week after the final development agreement is completed.
AABB is planning to market its gold-branded cryptocurrency coin widely to a large population and high-growth markets around the world, including India and China. The economic underpinnings of India’s high demand and interest in physical gold and China’s expanding use of its home digital currency and digital wallets could naturally lend itself to future use of cryptocurrency backed by China. AABB gold.
https://finance.yahoo.com/news/peoples-bank-china-early-stage-093000108.html
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.
Contact the company at:
Email: [email protected]
Website: www.asiametalsinc.com
Phone: 702-866-9054
Parkin Investor Relations
Kevin Parkin
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 change its forward-looking statements as future circumstances, events and information may change.
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