Khiron Life Sciences Corp. (TSX.V: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC) Poised to Be a Global Medical Cannabis Frontrunner

 Khiron Life Sciences (TSX.V: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC) (“Khiron” or the “Company”) is a vertically integrated cannabis leader with core operations in Latin America and Europe. The company trusts in the vast benefits of medical cannabis and is committed to improving the life quality of patients and consumers through the applied use of cannabis and technology.

Khiron is licensed in Colombia for the cultivation, production, domestic distribution, and international export of both low and high THC medical cannabis products, having achieved first sales in March 2020 and medical cannabis insurance coverage in December 2020. Additionally, the Company has commenced medical cannabis sales in the United Kingdom, Peru, and Germany, with Mexico and Brazil also anticipated this year. Khiron operates six wholly owned health centres in Colombia, where it completed more than 100,000 patient transactions in 2020. The Company is currently expanding patient access in Latin America through satellite clinics, with plans to accelerate growth in Europe by leveraging assets developed in Colombia, including clinical IP, genetics, and data.

Khiron has successfully exported its registered cannabis strains, in the form of live clones, from Colombia to Europe. This significant milestone represents the first shipment of medical cannabis live plant material to Europe from Colombia and is expected to accelerate access to European markets.

Tejinder Virk (Khiron’s European Managing Director and President) explains the process of certifying the company’s cannabis strains for export to Europe by way of clones:

“A clone is a cannabis plant that is a genetic copy of a mother plant. These clones were cut from our THC and CBD bearing mother plants in Colombia, which are used to make medicines for thousands of our patients in Latin America (over 10,000 prescriptions to date and growing quickly!). Europe has a population of nearly 748 million people and there is enormous patient need for cannabis-based medicines. However, doctors in Europe need solid clinical evidence to confidently prescribe medical cannabis for ailments such as pain, sleep or anxiety. By replicating our Colombian magistrals as EU GMP certified medicines, we aim to provide European doctors with practical clinical evidence from Colombia. This will also help ensure European patients get safe and efficacious treatment. The achievement demonstrates our global regulatory leadership and ability to export our intellectual property to other markets.”

As the management team executes its growth strategy throughout the United Kingdom and Germany by introducing branded extracts and dried flower products, Khiron continues to validate its patient-centric strategy with over 13,000 prescriptions written to date amid plans to reach 1 million patients and consumers by 2024.

Most recently, the first shipment of Khiron-branded EU-GMP certified cannabinoid-based medicine was successfully completed, providing immediate access to the German market through Khiron’s distribution partner, Nimbus Health GmbH, a leading EU-GMP/GDP certified medical cannabis distributor in Germany, with a network of over 300 pharmacies. Khiron teams continue to educate physicians with plans to leverage clinical evidence from both the UK and Colombia. This major milestone represents a new revenue stream for Khiron and positions Khiron’s European team to execute on its German medical strategy.

As a revolutionary, patient-focused, global leader of medical cannabis from Latin America, Khiron offers products that are manufactured in GMP-GEP compliant facilities in Colombia and are standardized and stabilized according to the U.S. Pharmacopeia analytics standard (USP42). Khiron believes, with its extremely skilled management team, that the company will be a frontrunner in the global medical cannabis market, which is expected to reach $44 billion by 2024 (https://nnw.fm/UOtq3) and $84 billion by 2028 (https://nnw.fm/pNkrb)

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Mohawk Group Holdings Inc. (NASDAQ: MWK) Reports Impressive Full-Year Results on the Back of Strategic Acquisitions

 

• Mohawk Group Holdings Inc. reported a 62.3% increase in its 2020 revenue compared to 2019
• It earned a revenue of $185.7 million, and its earnings guidance show that this figure will grow by a further 88% to 105% in 2021
• This growth is thanks to the company’s acquisition strategy, which has expanded its list of brands to eleven and it is still targeting more companies
• The acquisition strategy is, however, problematic in a few ways

Mohawk Group Holdings (NASDAQ: MWK) finished the financial year ended December 31, 2020, on a high note reporting $185.7 million in revenue, an increase of 62.3% or $71.3 million compared to a similar period in 2019, backed by an impressive fourth-quarter performance, which included improved profitability, strong growth in sales and revenue, and boosted guidance, as highlighted in a recent Motley Fool article titled “Mohawk Just Wrapped Up a Perfect 2020” (https://nnw.fm/qtsOz).

This 62.3% revenue increase marked a consistent trend year-on-year for the two most recent reporting periods, given that it reported a growth in revenue of 56.2% in 2019 compared to 2018. Notably, this upward trajectory is likely to continue as its earnings guidance for 2021 indicates that the revenue will grow by between 88% and 105%, buoyed by potential mergers and acquisitions.

“We are currently evaluating a strong pipeline of potential M&A targets that in total have trailing twelve month’s net revenue of $522 million and trailing twelve month’s EBITDA of $97 million,” said co-founder and chief executive officer Yaniv Sarig during the release of the 2020 annual report (https://nnw.fm/QYxr8).

The acquisition strategy, which Mohawk uses only if it believes purchasing a brand is more advantageous than developing its own brands and products, has grown its portfolio to 11 brands that sell products in multiple categories and based on Yaniv’s assertions, it is unlikely to be discontinued.

In Q4 of 2020 alone, for example, Mohawk Group spent more than $100 million in cash and stock to purchase five separate e-commerce brands, including $48 million on Healing Solutions, which owns an extensive essential oils and wellness portfolio. However, the strategy has a few issues and limitations.

To shareholders, the dilution of shares is inevitable, as Mohawk usually acquires companies using cash and some of its stock. Secondly, new additions could potentially disrupt the company’s core operations and adversely affect its operating results as a result.

Thirdly, the impacts of these newly acquired companies on the company’s profitability are not immediate. And this is made clear by looking at the company’s 10-K filing with the SEC. According to the report, Mohawk reported a net loss of $63.1 million, down from $58.8 million in 2019 (https://nnw.fm/eScGm). This is due, in part, to how the acquisition works.

“Once it acquires a brand, the brand typically runs at a loss until its products generate enough ratings and reviews to sell organically” (https://nnw.fm/qtsOz). This is on top of the fact that high competition on the e-commerce platforms could again reduce MWK’s chances of realizing any profits from the products and brands. Fortunately, to deal with such problems, Mohawk could rely on its proprietary AIMEE platform.

AIMEE allows MWK to identify product and market opportunities and to execute and manage online marketing strategies. Additionally, it enables the company to increase its products’ and brands’ value propositions by relying on data-driven approaches applicable throughout the entire consumer product value chain. The company believes that by scaling AIMEE, it will gain “purchasing power both at the product level and at the overall fulfillment level,” which will improve its operating results, per its 10-K filing.

Although the company’s profitability depends on a few factors that the company may not immediately control, Mohawk is focused on providing shareholder value through other avenues, including more acquisitions and the improvement of its AIMEE platform. Based on the earnings guidance, 2021 looks set to be an equally impressive year for Mohawk.

For more information, visit the company’s website at www.Mohawkgp.com.

NOTE TO INVESTORS: The latest news and updates relating to MWK are available in the company’s newsroom at https://nnw.fm/MWK

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Hero Technologies Inc. (HENC) Is ‘One to Watch’

 

• Rapidly positioning itself as a multi-state operator, Hero Technologies Inc. holds a portfolio of subsidiaries with strategic operations within the cannabis industry
• The company currently has a multi-state vertical business model that includes cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations and dispensaries
• Hero Technologies plans to expand on the proprietary, solar-powered aeroponic cannabis cultivation system of BlackBox Systems and Technologies, as it could help lower the industry’s carbon footprint
• The company’s management team is comprised of financial industry veterans who have a combined history of mergers, acquisitions and overall company development
• North America provides the largest revenue share in the cannabis industry, accounting for 91.1% of the global market in 2020; the continent also has the highest number of CBD businesses globally
• Hero Technologies is currently expanding into the Colorado and Massachusetts cannabis markets via two wholly owned subsidiaries

Hero Technologies (OTC: HENC) is a cannabis company with a vertically integrated business model and plan that includes cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations and dispensaries that make the organization a multi-state operator (“MSO”).

The company was founded in 2004 and is headquartered in Dover, Delaware.

Portfolio

The company holds the majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation firm focused on providing optimal conditions to enhance photosynthesis and cultivation. Hero Technologies is planning expansion in cultivation and dispensary operations in Colorado through wholly owned subsidiary Mile High Green LLC, while expansion in Massachusetts is planned through another wholly owned subsidiary, MassCannabis LLC.

Hero Technologies also owns and operates HighlyRelaxing.com under Highly Relaxing LLC and recently acquired the assets of V Brokers LLC, now operating as Veteran Hemp Co. at VeteranHempCo.com.

BlackBox Systems and Technologies LLC

BlackBox Systems and Technologies LLC markets a proprietary cannabis aeroponic cultivation system designed for the large-scale production of top-shelf cannabis products. BlackBox offers the optimal conditions to enhance photosynthesis and promote the cultivation of large flowering plants. The system’s dry room, process room and secure storage were designed for precise control through each phase of the cannabis lifecycle. Weekly harvests are achieved using 13 separate BlackBox systems in independent modules.

The system provides a series of key benefits, including:

• High-pressure nutrient delivery, with no nutrient or PH deficiencies
• Sterile, 100% nutrient solution
• Drain to Waste (no reuse of wastewater)
• Low water usage (1 gallon per plant per day)
• Constant PH and EC in reservoirs
• Modular design (1 to 100 pods in any configuration)
• Innovative proprietary engineering
• Minimal cleanup
• Media-less growing, suspended in the air, with no media waste
• No pesticides

Highly Relaxing LLC

Highly Relaxing LLC is an emerging Henderson, Nevada-based operation dedicated to providing customers with honestly labeled, high-quality hemp-derived CBD products. Its current offerings include a topical CBD cream that provides localized relief from potential discomfort.

Veteran Hemp Co.

Veteran Hemp Co.’s mission is to provide a quality, consistent and delicious product for Americans looking to enjoy the hemp smoking experience. Its product is brought in by only the finest farming operations delivering the best genetics. Veteran Hemp Co. has its own custom harvest plans, drying facilities and all of the logistics that fall between. Veteran Hemp Co. prides itself on being a veteran-approved company.

Market Outlook

The global legal cannabis market is anticipated to reach $84 billion by 2028, expanding at a CAGR of 14.3% from 2021 to 2028. The driving factor for this forecast expansion is the increasingly widespread legalization of cannabis for medical and recreational use. Recreational use accounted for 60.3% of industry revenue in 2020.

North America provided the largest revenue share in the cannabis market, accounting for 91.1% of the global market in 2020. Due to the early legalization of medical and recreational cannabis in the region, the customer pool has increased exponentially (https://nnw.fm/snpHh).

The global CBD market was valued at $2.8 billion in 2020 and is expected to grow at a CAGR of 21.2% and reach $13.4 billion by 2028. North America is considered the most progressive region for cannabis and its derived products, with the highest number of CBD companies being based on the continent. The B2B (business to business) segment dominates the CBD industry, accounting for the largest revenue share at 59.6% in 2020 (https://nnw.fm/cGxXQ).

With its vertically integrated business model and development into a multi-state operator across multiple sectors of the cannabis industry, Hero Technologies is uniquely positioned to capitalize on the fast-growing market and the growing number of opportunities emerging as a result of legalization and increased popularity among consumers.

Management Team

Gina Serkasevich, CPA, CMA, is the Chief Executive Officer, Treasurer and Secretary of the Hero Technologies. She previously worked for Holloman Corporation as its Director of Finance beginning in June 2012 and was appointed Chief Financial Officer of Holloman Energy Corporation in August 2014. She has more than 30 years of domestic and international corporate accounting and finance experience. She served as U.S. Controller for EFLO Energy Inc., a company focused on the acquisition, exploration and development of oil and gas assets in North America. Prior to 2012, Ms. Serkasevich worked in the oil and gas tanker transportation industry as a Regional Financial Manager for AET Inc. Limited (2011-2012), as a Financial Consultant for OSG Ship Management Inc. (2009-2011) and as a Financial Controller/CFO for Stena Bulk LLC (1998-2008). During her 11-year tenure at Stena Bulk LLC, she established the financial, accounting and reporting requirements for its new joint ventures and tanker pools with Sonanagol USA and held the Company Secretary position on both of those companies’ boards of directors.

Dan McCarthy is the company’s Corporate Development Manager. He has spent more than 12 years in the institutional investment community, holding various investment banking and private equity executive roles. Thus far, he has been a part of over $1 billion in transactional value ranging from debt and equity to acquisitions and diversities throughout his career. Mr. McCarthy’s most recent role was Managing Director at Petro Capital, a Dallas-based private equity and investment bank. He began his career working for a private international consulting firm based in Washington, D.C., helping corporations and funds expand into non-G7 countries utilizing World Bank financing. He is also a graduate of the University of Kansas School of Business and completed the Mergers and Acquisitions program at the New York Institute of Finance.

James Rowland is Hero Technologies’ Marketing Advisor and an expert in marketing and e-commerce. He has held many high-level marketing and business-related roles. He is the Founder and current CEO of PerfectCheckout.com and the current Business Development Specialist at Fulfillment.com. Mr. Rowland has held multiple high-level positions throughout his career, which have provided him with the experience needed to bring success-backed marketing leadership skills to his current role with the company.

For more information, visit the company’s website at www.HeroTechnologiesInc.com.

NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://nnw.fm/HENC

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

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NetworkNewsWire (NNW)
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NetworkNewsWire is part of the InvestorBrandNetwork.

AmpliTech Group Inc. (NASDAQ: AMPG) Is ‘One to Watch’

 

• The AmpliTech management team is led by Founder, President, CEO, and CTO Fawad Maqbool, who has been in the microwave industry for over 30 years
• AmpliTech’s current catalog of devices is substantial, and it is always growing and adapting to include new technology
• Currently, the company’s target markets include 5G/6G infrastructures, AR/VR, Cyber Security, Military/Defense, SATCOM, Autonomous Self-Driving Vehicles, and more
• Current AmpliTech product offerings support a frequency range of 50 kHz to 44 GHz, with plans to eventually offer designs up to 100 GHz
• The global microwave devices market was valued at $7.44 billion in 2019 and is expected to reach $9 billion by 2025, growing at a CAGR of 3.23%

AmpliTech Group (NASDAQ: AMPG, AMPGW) designs, develops and manufactures custom radio frequency (“RF”) components for the commercial, SATCOM, space and military markets. In addition to developing new products for the 5G/6G wireless ecosystem and infrastructure, the company has placed focus on the development of leading-edge solutions in quantum computing in support of U.S. efforts to reach the coveted position of quantum supremacy. The company maintains a commitment to R&D that allows it to remain at the forefront of emerging technologies. AmpliTech aims to use its advanced techniques and IP to provide tomorrow’s technology today, improving everyone’s quality of life.

AmpliTech was founded by Fawad Maqbool in 2002 to fill the need for affordable, high-quality, customized and state-of-the-art amplifiers and components. Headquartered in Bohemia, New York, the company currently has distributors and representatives available worldwide.

Product Portfolio

AmpliTech’s mission is to develop quality, state-of-the-art microwave amplifiers by leveraging its experience, proven technical expertise and superior design heritage. The company’s products cover a frequency range from 50 kHz to 44 GHz, with plans to eventually offer designs up to 100 GHz. Its current catalog includes:

Amplifiers

• Low Noise Amplifiers
• Cryogenic Amplifiers
• Limiting Amplifiers
• Waveguide Amplifiers
• Medium/High Power Amplifiers
• Surface Mount Amplifiers

Passive Components

• End Launch Rectangular Adapters
• Rectangular Adapter to COAX
• Power Dividers

All the company’s products come with a satisfaction guarantee, as the company is fully committed to providing only high-quality products free from manufacturing and material defects and guaranteed to perform according to applicable specifications.

Consulting Services

Leveraging more than 100 years of combined experience in microwave systems and component design ranging from active components to passive devices, AmpliTech also provides valuable consulting services and technical assistance to its customers.

With capabilities ranging from initial design to final manufacturing and delivery, the company’s team also offers project management services and advice on both technical aspects and how to handle business issues such as resource allocation, customer contact, budget restraints, time limits and more.

Other key benefits of AmpliTech consulting services that can give its customers a definitive edge include:

• Timely technical assistance
• Little or no learning curve
• Less long-term costs associated with full-time employees with benefits and salaries
• Availability when necessary
• Customer support with schedules, project management and on the job training
• Access to technology
• Partnering for manufacturing and/or complete turn-key product solution
• Personal guidance from concept to development
• Custom designs for each application

Market Outlook

The global microwave devices market was valued at $7.44 billion in 2019 and is expected to grow at a CAGR of 3.23% and reach $9 billion by 2025 (https://nnw.fm/zqMEk). Governmental expenditures in the defense and space communications sectors are expected to expand the opportunities for growth within the industry.

AmpliTech continues to follow its strategy of identifying key elements in today’s technological revolution. It is leveraging its technical expertise and experience to align product portfolios and IP with innovation (https://nnw.fm/rVzxX). The company has plans to be a catalyst in the enhancement, development and distribution of breakthroughs in the following sizeable markets:

• High Speed Terrestrial and Satellite Terminals (SATCOM, “Internet in the Sky”)
• 5G/Wi-Fi6E and 6G wireless infrastructure (Cellular Base Stations, Small Cells, Private Wi-Fi Networks)
• IoT (Internet of Things)
• Cloud Farms, Big Data and MEC architecture
• Quantum Supercomputers/Quantum Research
• Deep Space Astronomy
• Autonomous Self-Driving Vehicles
• Telemedicine, AR/VR (Augmented and Virtual Reality)
• Drones, UAVs (Unmanned Aerial Vehicles)
• Cyber-security
• Military/Defense ECM/EW

Management Team

Fawad Maqbool is the Founder, President, CEO and CTO of AmpliTech Group Inc. He has been in the microwave industry for over 30 years. Mr. Maqbool spent 14 years developing state-of-the-art amplifiers and components for MITEQ Inc., a leading microwave and communications equipment supplier. He founded AmpliComm in 2000, which was subsequently acquired by Aeroflex Inc. Mr. Maqbool has management and design experience, which has led to the development of microwave technology on a commercial and military level. He holds a B.S.E.E in Microwave Engineering and a B.S.E.E in Bio-Medical Engineering from CUNY and an M.S.E.E from the Polytechnic University of New York.

Louisa Sanfratello is the company’s CFO. She is a Certified Public Accountant (“CPA”) and has worked in various industries since 1998. During this time, she held roles as an accountant for charities and schools, consisting of the preparation of official financial documents and day-to-day financial management requirements. Ms. Sanfratello began her professional career in 1987 at Holtz, Rubinstein & Co., a public accounting firm. She gathered two years of experience there before gaining her CPA and taking on more challenging roles.

Brandon Worster is the company’s Director of Engineering. He joined AmpliTech at the end of 2019, bringing over 14 years of design and management experience. His specialty is Low Noise and Medium Power Amplifiers, but Mr. Worster also has vast experience with various systems, including RF/Microwave devices and systems. He holds a master’s degree in electrical engineering and is an adjunct professor at Farmingdale University in New York.

John P. Pastore is AmpliTech’s Director of Sales. He has worked in the microwave industry for more than 35 years, including time with some of the industry’s leading names. Mr. Pastore is a hands-on professional who has experience that spans over 20 years with progressive roles that blend technical, manufacturing, customer service and management expertise. He is an extremely valuable asset to the company as it moves forward due to his business savvy approach and deep industry knowledge. He has a B.S. in Business Management.

1. Syed handles Technical Sales and is the company’s Director of IT. He is an electrical engineer with more than 10 years of business experience. Since 2011, he has led Technical Sales for AmpliTech, and he recently became the President and CEO of his own company while also serving as Chief Technical Sales consultant for numerous other companies and groups in New York City. Mr. Syed has been in the IT industry for 25 years. He is a Computer Engineer by trade and a Certified Netware Engineer and Microsoft Certified Systems Engineer.

For more information, visit the company’s website at www.AmpliTechInc.com.

NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://nnw.fm/AMPG

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

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Asia Broadband Inc. (AABB) Launches Sale of AABB Gold Cryptocurrency Token

 

• Asia Broadband Inc. announced the sales launch of the Company’s AABB Gold (“AABBG”) cryptocurrency token developed by Core State Holdings, Corp. (“CSHC”)
• The new token from AABB Wallet will be available for purchase in exchange for other major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin
• The price of the AABBG token will increase or decrease, reflecting the token’s general market demand, which in turn will be influenced by the overall price of gold (the minimum token piece will increase and decrease with the price of gold, but the upside price of the token will also be influenced by market demand for the token)

Asia Broadband (OTC: AABB), is a resource company engaged in the production, supply, and sale of base and precious metals, mainly to the Asian markets.  Recently, the company announced the sales launch of the company’s AABB Gold (“AABBG”) cryptocurrency token developed by Core State Holdings, Corp. (“CSHC”).

With this launch, Asia Broadband further strengthens its position as a world leader in providing a transparent and trusted gold-backed standard of exchange by expanding token circulation targeting high growth markets globally including China and East Asia (https://nnw.fm/9EroW).

This new token from AABB Wallet will be available for purchase in exchange for other major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Support and guide information for potential customers and users of the AABB Wallet is available on the website at www.AABBGoldToken.com, or through direct contact via the support page at https://AABBGoldToken.com/support. AABB Wallet users must update the app or download to install the latest version of the app and pass the Know Your Client (“KYC”) process to purchase the new AABB Token.

At the current market price of gold, the initial token release available for purchase is 5.4 million tokens at the one-tenth (0.1) gram of gold price (approximately USD 5.60) for each AABBG token. This token release is backed by $30 million (physical gold) the company holds. (The token is and will continue to be backed 100% by gold holdings of the company, even as additional tokens are made available for sale beyond the 5.4m initially offered for sale.) The pricing of the token works in the following manner: as the market price of gold fluctuates, the minimum supported price of the AABBG token will increase or decrease, although the potential upside price of the token will be determined by the token’s market demand.

In October last year, Asia Broadband acquired a high potential mineral property in the state of Colima, Mexico. Geophysics and groundwork have revealed significant mineralization in various segments of the Colima property. Early this year, the company announced an allocation of $10 million for the construction of exploration and development facilities and infrastructure roads on this high potential property. It’s important to note that the company intends to leverage their past production and development success in Mexico to rapidly expand and move toward production with their current projects, such as Colima.

For more information, visit the company’s website at www.AsiaBroadbandInc.com.

NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://nnw.fm/AABB

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
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NetworkNewsWire is part of the InvestorBrandNetwork.