New York, NY -- January 22, 2019 -- InvestorsHub NewsWire -- Asia Broadband Inc. (USOTC: AABB) is an undervalued precious metals resources company filling a unique niche connecting Mexican resources to overwhelming Asian demand. The company is undervalued based on fundamental financial performance. AABB has posted a 1000% increase in gross profit through the third quarter of 2018 reporting almost $3 million in gross profit compared to $277,000 in gross profit for the entire previous year. The company is also reporting nearly $2 million in cash on its balance sheet. The current AABB PPS is about $0.02 with a 52-week high PPS for AABB is $0.10. The PPS is likely to rapidly rebound past its 10 week high on pending news. Results from a new drilling program are expected this month and the annual report filing should light this stock on fire.
About Asia Broadband Inc. - 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.
NextBigTicker also follows Lithium Exploration Group, (LEXG), Kali-Extracts, (KALY) and Generex Biotechnology, (GNBT).
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This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.