Pasadena, California, June 17, 2015 (GLOBE NEWSWIRE) -- ABT Mining Co. (Pink Sheets: ABOT.pk). Recently appointed President and CEO of ABT Mining Co. (the “Company”), Mr. Shahan Ohanessian today released the following Shareholder update regarding the company’s future business growth plan.
Mr. Ohanessian stated that the Company will immediately begin to take more diversified approach to its current and future operations in order to achieve higher growth for the Company, this will include but not limited to acquisitions of advanced technology applications and systems that will improve value and productivity of businesses in critical areas, instantly improve life of end-users on a daily basis, and impact local and global commerce as it is rolled out in the domestic and international markets. Mr. Ohanessian further elaborated that the Company will review and evaluate its existing portfolio of its mining assets and take actions to improve the viability of these projects.
As stated previously, Mr. Ohanessian has an extensive background and vast knowledge in all areas of the insurance industry, including designing and development of advanced software technology programs for claims management, vendor referral and expedited payment management programs. This specialized experience of Mr. Ohanessian combined with his proven track record in creating value for growth in companies and producing a multitude of significant revenue streams is a great asset for the Company.
Company CFO and Director Imran Firoz further stated, “The Company’s plan to advance its operations in the technology application for use in the Insurance sector would not only significantly increase the assets and simultaneously generate consistent revenues for the Company but also will enable insurance companies to re-imagine their business model and deliver the experiences their policyholders expect."
About the Company
ABT Mining Co. Inc. is a diversified holding company engaged in investing, acquiring, developing, and growing various businesses that provide strategic advantages, generate attractive returns and significant free cash flow in order to maximize value of its shareholders.
Forward-Looking Statement
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.