Pasadena, CA, May 31, 2016 (GLOBE NEWSWIRE) -- ABT Holdings (OTC Pink: ABOT), at times, referred to as “ABT or the “Company,” today announced that its subsidiary, Scoobeez, an “On Demand” door-to-door logistics and delivery service company, continues its growth with the successful launch of its on-demand services in Sacramento, California.
With the strategic launch in the State's Capitol, Scoobeez has further increased its footprint in Northern California in addition to its current operations in San Francisco, Berkeley, and Oakland. Scoobeez continues to experience rapid growth in the volume of deliveries from its Sacramento location as it has introduced the city to a superior level of on-demand logistic experience creating a very high customer loyalty, which is resulting in repeat business. We anticipate this site to have a significant increase in the volume of deliveries in the near term with the addition of food and alcohol delivery services.
“Scoobeez continues to add locations to meet the ever growing need of On-Demand deliveries in California,” said Shahan Ohanessian, CEO of ABT. “By further investing in California, Scoobeez has shown a deep commitment to service the customers of this great State. We are devoting significant resources and taking several strategic initiatives to increase our revenues from each location and growing our products and services to serve our customers better.”
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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 to maximize the 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’ value proposition includes utilization of technologies, exceptional customer experience, and logistic creativity to deliver products 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.
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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