Pasadena, California, Sept. 17, 2015 (GLOBE NEWSWIRE) — ABT Holdings (OTC Pink: ABOT, the “Company”) today announced that Scoobeez, an “On Demand” door-to-door logistics and delivery service company that primarily utilizes scooters and motorcycles along with cars to facilitate “Same Day” deliveries is expanding to Las Vegas.
Scoobeez, the creators of certain systems, trade secrets, and other intellectual properties in the “On Demand” same day delivery services, has issued an exclusive license to operate and use the Scoobeez name and intellectual properties to its Licensing Partner in Las Vegas. Scoobeez’s Nevada Licensee is planning on opening the Las Vegas office within the next 30 days and planning on opening two additional Scoobeez operations in Lake Tahoe and Reno.
Shahan Ohanessian, CEO of ABT said, “We are extremely delighted to see Scoobeez launch in Las Vegas and the State of Nevada. Based on our existing strong business model in Southern California, we believe that this is a natural progression for us to expand Scoobeez in Las Vegas. Scoobeez’s Hyper-Efficient Logistics is a perfect fit for Las Vegas’ local economy and the high traffic convention industry.”
Imran Firoz, CFO of ABT further elaborated, “The financial metrics of the licensing agreement is extremely favorable for Scoobeez growth in many locations within a short period of time. The Licensing model has the potential of generating significant revenues to ABT Holdings.”
Scoobeez is continuing its advanced negotiations with various other qualified licensing partners to expand Scoobeez’s operations in other cities, states and countries. ABT Holdings shall be updating its shareholders as more Scoobeez licensing 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” “Same Day” door to door 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]