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ABT Signs LOI to Acquire Scoobeez, a Rapidly Growing on Demand Courier and Delivery Service Company

Pasadena, California, July 30, 2015 (GLOBE NEWSWIRE) -- ABT Mining Co. (OTC Pink: ABOT, the “Company”) also doing business as ABT Holdings, is pleased to announce that it has entered into a letter of intent ("LOI") to acquire controlling interest in Scoobeez, which will include the acquisition of all affiliated companies, proprietary and intellectual property rights, technology rights, and business contracts.

Scoobeez has rapidly grown its business in the Greater Los Angeles Area as 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 technology, exceptional customer experience, and logistic creativity allow it to efficiently deliver food, online orders, medicine, packages and other items within the shortest possible time-frame averaging less than an hour per delivery. As a result, Scoobeez is enabling and empowering local businesses by connecting them with their customers through its cost effective and highly customer oriented “On Demand” services.

Scoobeez has the capability of providing deliveries around the clock through its flagship Glendale operation covering Los Angeles and Orange Counties. Scoobeez has three main pricing structures; fixed base fare, standard fees which include per mile charge, and dynamic pricing for additional stops. Scoobeez’ pricing structure is extremely competitive with other similar courier services but the mobility and convenience of scooters and motorcycles, and no fuel surcharge combined with exceptional customer service and unique branding provide Scoobeez with a sustainable competitive advantage.

According to Shahan Ohanessian, CEO of ABT, “We are extremely thrilled with the growth potential of Scoobeez as major retailers are seeking immediate on demand door-to-door capabilities in hopes of winning customer loyalty from their online shoppers. Scoobeez will be connecting their online and store operations with its creative delivery system to complete the full cycle of e-commerce. In the near future, Scoobeez will become an app powered delivery company, which will add to our other portfolio of products and services.” Mr. Ohanessian also stated “We will be looking to expand Scoobeez businesses and operations in several major U.S. cities in the upcoming months, eventually taking Scoobeez’s business model worldwide.”

Benjamin Art also known as “Beno Blanko”, CEO of Scoobeez added, “We are delighted with this strategic agreement as ABT brings the necessary expertise and know-how to scale up Scoobeez business in several major cities in the near future. We have been successfully providing our services to several restaurants, pharmacies, national service companies and legal & professional offices in Southern California from our Glendale location. Moreover, Scoobeez minimize on-street parking demands since our scooters/motorcycles don’t require much room, reduce traffic and lower vehicle emissions maintaining an environmentally friendly atmosphere.”

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About Scoobeez

Scoobeez based out of Glendale, California is a door to door messenger, courier and delivery service company that utilizes 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.

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.

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: Imran Firoz, CFO ABT Mining Co. OTC PINK: ABOT 225 S Lake Avenue | Suite 300 | Pasadena | CA 91101 T: +1 818.302.0100 E: info@abotmining.com

Source:Abot Mining Co.