LAS VEGAS, Feb. 04, 2021 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC : AABB) announced today that the Company has been engaged with Turner, Stone & Company, LLP and is working through the auditing processes. AABB’s primary goal is to facilitate the auditor to produce the Company’s audited financial statements that are required to apply for an uplisting as soon as possible.
After achieving numerous operational objectives up to the closing of 2020 and early into this year, AABB has streamlined operations to allow for greater focus on advancing the audit processes. AABB recently completed the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million, further validating the Company’s development achievements. Thereafter, the Company pivoted operations to leverage its resources and experience to duplicate its successful GGB mining operations expansion model on its high potential Colima, Mexico, gold property. Additionally, the Company has allocated $10 million for the initial phase development program to accelerate operations and expansion toward production at the Colima property. The construction of exploration and development facilities and infrastructure roads has already begun as part of the first phase development program.