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Asia Broadband Inc. (OTC:AABB) Stock On Watchlist After Major Updates

On Wednesday, Asia Broadband Inc. (OTC:AABB) made a major new announcement, which brought the stock into focus among investors, and the trend could continue this week.

Asia Broadband’s Next-Generation AABB Wallet Featuring AI Technology Nears Completion For Expected Release In Q4

The company revealed yesterday that the development of the new generation AABB Wallet App was on the verge of completion. The development team of the AABB Wallet App, headed by KYN Capital and Koinfold Cryptocurrency App, had pooled their expertise in order to create an AI-integrated and advanced digital wallet meant for crypto transactions.

The wallet would be sent into testing in October ahead of the submission to the Apple App Store and Google Play Store for approval. Asia Broadband stated that it expected the app to be launched by the fourth fiscal quarter.

The company also stated that it would reveal further information about the project in the upcoming weeks. The AABB Wallet App had been built in the form of an Algorant wallet so as to enable multi-chain management backed by AI. The company went on to assert that the wallet would be ideal for users with a varied portfolio and DeFi needs spread across a number of blockchains. More importantly, it would also be possible for users to customize their experience by adding specific IDs.

Key Quote

“We are almost finished with the major collaborative development efforts of our new next generation AABB Wallet to create a unique, high-level app with AI-integrated features. The KOINFOLD team has been instrumental in creating innovative wallet tools for mass-market appeal and use through KYN Capital’s blue-chip relationship networks. We are striving to take our AABBG gold-backed token and digital assets business segment to the next level of expansion with the new AABB Wallet,” expressed Chris Torres, AABB President and CEO.

Fundamentals

P/E Ratio64.8300
PEG Ratio-0.37
Price to Book1.16
Price to Cash Flow16.4902
Price to Free Cash Flow–
Total Sales (TTM)4.76 M
Revenue per Share (TTM)0.00
Shares Outstanding3.390 B
Share Float (%)3,390.40 M (100.00%)
% Held by Institutions0.10

Published by Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.

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