Pasadena, Sept. 14, 2015 (GLOBE NEWSWIRE) —
ABT Holdings (OTC Pink: ABOT, the “Company”) today announced that its subsidiary – Scoobeez, an “On Demand” door to door messenger, courier and delivery service company that primarily utilizes scooters and motorcycles along with cars to facilitate same day deliveries has experienced a significant growth in its operations since August, 2015.
In the last 30 days, Scoobeez has expanded its locations from its headquarters in Glendale to three additional locations covering Los Angeles and Orange Counties in Southern California. Due to the current demand of the unique Scoobeez delivery services and logistic, Scoobeez has boarded over 200 drivers and riders for the Los Angeles County and Orange County.
Shahan Ohanessian, CEO of ABT, “We are confident that this increase in growth of Scoobeez shall be very positive for shareholders of ABT. As a significant and majority shareholder of Scoobeez, ABT is currently managing Scoobeez’s day to day activities, strategic and corporate development. We are prepared to successfully managing this phenomenal growth. Consequently, we have put together a team of highly responsible, and extremely capable individuals, with diverse and complementary skills set, who are delivering solid results for Scoobeez clients and customers.”
Scoobeez is also in advanced negotiations with various qualified licensing partners to expand Scoobeez’s operations in other States. The Company shall be announcing and updating its shareholders once these agreements are finalized.
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About the Company
ABT Holdings doing business as ABT Holdings 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.
About Scoobeez
Scoobeez based out of Los Angeles, California is an “On Demand” door to door messenger, courier and delivery service company that primarily utilizes scooters and motorcycles along with cars to facilitate same day deliveries. Scoobeez’s value proposition include utilization of technologies, exceptional customer experience, and logistic creativity to deliver messages, packages and other items within the shortest possible time-frame. For more information, please visit company’s website, click here. You may connect and follow Scoobeez on Facebook, Twitter and Instagram.
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.
CONTACT: Contact: Imran Firoz, CFO ABT Holdings OTC PINK: ABOT 225 S Lake Avenue | Suite 300 | Pasadena | CA 91101 T: +1 818.302.0100 E: [email protected]