Pasadena, CA, Feb. 02, 2016 (GLOBE NEWSWIRE) -- ABT Holdings (OTC Pink: “ABOT,” or the “Company”) today announced that its subsidiary, Scoobeez - an “On Demand” door-to-door logistics and delivery service company, continues its expansion in the Bay Area. Scoobeez SF was the Company’s first operating location in Northern California in the fourth quarter of 2015, which is dedicated to serve the Bay Area region, specifically San Francisco, which has become a key center for the “On-Demand” Hyper Efficient Logistics market.
Scoobeez SF has been one of the most profitable hubs for the Company as San Francisco and the surrounding areas are experiencing phenomenal growth for on-demand delivery services due to the affluent and technologically savvy demographic. The Company also expects to open another location in Oakland, California in the first quarter of fiscal 2016 to service the ever growing needs for Scoobeez services.
“Like Los Angeles, San Francisco is a major center for the on-demand delivery model, where several opportunities have opened for Scoobeez to execute real-time fulfillment of goods and services at an enterprise level,” said Shahan Ohanessian, CEO of ABT. “We are taking the experience from our previous successes and efficiently executing mission-critical deliveries in the Bay Area that need immediate customized pickup and door-to-door deliveries within the shortest possible time-frame.”
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About the Company
ABT Holdings, Inc., is a diversified holding company engaged in 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.
Based in Los Angeles, California, Scoobeez is a “Real Time Delivery” and “Same Day” door to door delivery service company that facilitates same day deliveries for enterprise clients. Scoobeez’s value proposition includes utilization of technologies, exceptional customer experience, and logistic creativity to deliver its clients’ products to their customers 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.
Safe Harbor / Forward-Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. These forward-looking statements are based on the Company’s current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, substantial competition; our possible need for financing; uncertainties of technological changes; and dependence upon third parties. The Company does not undertake an obligation to update or revise any forward-looking statement. All of the Company’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.
Company’s Contact: Imran Firoz, CFO ABT Holdings, Inc. OTC PINK: ABOT 225 S Lake Avenue | Suite 300 | Pasadena | CA 91101 T: +1 818.302.0100 E: firstname.lastname@example.org
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