Pasadena, California, July 07, 2015 (GLOBE NEWSWIRE) -- ABT Mining Co. (OTC Pink: ABOT, the “Company”) also doing business as ABT Holdings today announced the introduction of the Commercial version of “AutoClaim” App. The proprietary technology is specifically designed for commercial companies, municipalities, state and Federal agencies (the “commercial end-users”) having fleet of vehicles of all sizes.
The severity of damage and size of the claim per accident increase substantially with the involvement of large vehicles including but not limited to single unit trucks, truck-trailer combinations, tractor-semitrailer combinations, double and triple trailer combinations. This in turn creates an expensive, time consuming and extensive paperwork of accident claim reports and files.
The commercial version of AutoClaim App can significantly reduce the time and paperwork required in expediting the insurance claim documentation process. When commercial drivers are equipped with the AutoClaim App, they can quickly and easily document all post- accident events at the scene of the accident such as instant photographic exchange of all parties’ driver license & insurance, and registration documents thus completely eliminating information exchange errors. The App further documents the time and pictures of the accident location, vehicle damage and injuries to all parties. The App will also make documents available for live viewing by the headquarters and management offices of respected companies nationwide.
The AutoClaim Commercial App is a subscription based revenue model, whereby the Company is expected to earn recurring revenues from the commercial end-users. The AutoClaim commercial App may also be made available for different types of commercial enterprises including but not limited to Taxi & Limousines Services, Regional and National Courier Services, Food Delivery Companies, and Trucking & Delivery Industries.
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About the Company
ABT Mining Co. Inc. 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.
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: Imran Firoz, CFO ABT Mining Co. OTC PINK: ABOT 225 S Lake Avenue | Suite 300 | Pasadena | CA 91101 T: +1 818.302.0100 E: firstname.lastname@example.org
Source:Abot Mining Co.