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Monday, June 22, 2015

ABT Mining Co. (Pink Sheets: ABOT.pk, the “Company”) announced that the Company has acquired “AutoClaim” Mobile App (the “App”), an advanced “Proprietary” real time Mobile Claims Documentation and Management System.

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$ABOT NEW$$




ABT Acquires Revolutionary AutoClaim Mobile Technology Application

Pasadena, CA, June 22, 2015 (GLOBE NEWSWIRE) -- ABT Mining Co. (Pink Sheets: ABOT.pk, the “Company”) announced that the Company has acquired “AutoClaim” Mobile App (the “App”), an advanced “Proprietary” real time Mobile Claims Documentation and Management System. The App will be available as a free download for personal use to over 200 million licensed drivers in the United States. All drivers, including commercial fleets, municipalities, and government agencies can utilize this App.
The App is indented to revolutionize the multi-billion dollar auto insurance claim industry at an operational and strategic level that will enhance customer service, streamline data management for effective decision making on claims, improve capital efficiency by correctly managing claims portfolios and provide many other benefits to insurance companies and its policyholders. The proprietary technology of AutoClaim will be a great asset for all users as it provides additional benefits to the end-user including customized and tailored offers, discounts and coupons. For more information on the App, viewers can go to www.ABTHoldings.com or www.AutoClaim.com.
Mr. Imran Firoz, CFO of the Company commented, “This is a major step forward in improving the Company’s balance sheet by adding a significant asset that can generate multiple residual revenue streams, while creating a positive cash flow for the Company.” Mr. Shahan Ohanessian, President and CEO of the Company, further elaborated, “Statistics show with more than 10 vehicle accidents every minute and over 90% of the accident victims using a smartphone, the AutoClaim App’s growth opportunity is tremendous. This untapped vertical will continue to grow as ABT will enjoy the first-mover advantage in the Mobile Claims Management business.”
The App is scheduled to be released as a free download for personal users between Q4 2015 / Q1 2016.

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ABT Mining Co. Inc. (ABOT)

Company Website: http://www.abotmining.com/

About Company:

Abot Mining Co. 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 our shareholders.

Recent Press

ABT President Announces Shareholder Update for Future Business Growth, Corporate Strategies and Operations
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."
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