Irvine, CA, June 2, 2015 (GLOBE NEWSWIRE) -- ABT Mining Co. (Pink Sheets: ABOT.pk) announced that effective May 27, 2015, Imran Firoz resigned as the President, Chief Executive Officer, and Secretary of ABT Mining Co., which is also doing business as Abot Mining Co. (the "Company"). Subsequent to Mr. Firoz' resignation, Mr. Shahan Ohanessian was appointed as the President, Chief Executive Officer, Director and Secretary of the Company. Mr. Firoz shall continue as the Chief Financial Officer and Director of the Company.
Mr. Ohanessian is a positive addition to Company's senior management team. Mr. Ohanessian has proven track record in creating value for growth companies, foster innovations and develop technologies that will allow the Company to expand into new business opportunities in the near future.
Mr. Ohanessian has vast knowledge in insurance claims industry and in the development, implementation and marketing of online software technologies. Mr. Ohanessian attended USC (University of Southern California) and studied computer programming and software management. In 2001 Mr. Ohanessian created one the first online claim management portals that grew from handling claims for one insurance company in Southern California to managing thousands of claims for many insurance companies nationwide in less than 24 months.
Mr. Ohanessian stated "I am thrilled with this appointment and looking forward to creating new opportunities for ABT and its shareholders in the near future. Stay tuned, as we will be announcing Company's new corporate and M&A strategy that will create new paths for ABT, diversify our revenue model and generate positive cash flow resulting into a flourishing and bright future for all stakeholders".
About the Company
ABT is a US based mining company engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties and is currently headquartered in Irvine, California. ABT plans to create long term shareholder value by implementing an aggressive exploration program, making new precious metals discoveries and developing mining properties with long-life and low cost operation.
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.