Asia Broadband Announces GoldAxis Wallet Service Provider Transition and Recommends Temporary Transfer of Digital Assets

LAS VEGAS, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) announced today that it has started the process of transitioning the GoldAxis Wallet to a new technology and service provider. As a part of this transition, the Company strongly recommends that all GoldAxis Wallet users transfer and maintain their digital assets in an independent self-custody wallet until the new GoldAxis Wallet infrastructure becomes available.

For detailed instructions to migrate digital assets, see the GoldAxis Wallet Transition Guide below:

https://asiabroadbandinc.com/goldaxis-wallet-transition.html

The reason for this transition is a comprehensive review of the current wallet technology infrastructure. Over recent months, the Company faced several operational and reliability problems and concluded that additional security, infrastructure and service continuity standards were needed, which could not have been introduced in a timely manner. Moreover, the development of Phase 2 of the GoldAxis Wallet encountered several delays exceeding the expectations of the Company and raising more concerns regarding the timelines and execution quality of the development. Based on these considerations, the Company's management believes that this transition to a new service provider would be the best option to make the GoldAxis platform even more reliable in the future.

All GoldAxis Wallet users are strongly recommended to transfer their digital assets to a separate independent self-custody wallet as soon as possible.

For AABBG, AABBS and ALGO assets operating on the Algorand blockchain, users can consider creating a new independent Algorand-compatible self-custody wallet, such as Pera Wallet. For Bitcoin (BTC), Ethereum (ETH) and other compatible cryptocurrencies, users can consider using a proven multi-asset self-custody wallet, such as Exodus, or any other compatible self-custody wallet of your choice.

For added safety measure, GoldAxis recommends all users to create a new receiving wallet and transfer assets there instead of sharing the current recovery phrase with anyone.

Prior to the transfer, users need to ensure that the destination wallet is compatible with their digital assets and blockchain. Users are also recommended to make a small test transfer of assets to ensure successful receipt before making a final transfer of the remaining balance.

Pera Wallet, Exodus and all other third-party wallet applications are independent of Asia Broadband and GoldAxis. The Company does not own, operate and control these applications, and users remain solely responsible for choosing and safely operating any third-party self-custody wallet.

GoldAxis, Asia Broadband and their representatives will never ask you for your seed phrase, recovery phrase, private key, PIN or password. Do not provide these credentials to any person pretending to help with wallet migration.

Users are strongly recommended to safely record and keep all recovery phrases and private keys connected to their self-custody wallets. Loss or exposure of this information can lead to the permanent loss of access to the digital assets. Additionally, users need to be careful with any emails, messages, websites or persons claiming to provide GoldAxis migration assistance.

"As our responsibility is to guarantee the security, reliability and quality of service of the GoldAxis platform for our users, it became clear for us that the transition to a new service provider was inevitable when the additional standards of infrastructure, operation and service could not be provided in a timely manner and with the continued delays in the development of Phase 2. For the time being, we are advising our users to maintain their digital assets in an independent self-custody wallet," said Chris Torres, AABB President and CEO.

The Company has already started considering the candidates for a new technology and service provider paying special attention to the cybersecurity, infrastructure reliability, system availability, incident response procedures, technical support, operational transparency and defined service-level standards.
This transition aims to build a more robust long-term technical foundation for GoldAxis and its expanding digital assets ecosystem. The Company will provide more information on the new GoldAxis Wallet infrastructure, service provider transition, user migration process and future availability as it progresses.

The Company plans to also provide users with additional transition instructions and wallet security recommendations via official communication channels. Users should pay attention only to the information published via official Asia Broadband and GoldAxis channels.

About Asia Broadband

Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold and silver holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG and AABBS mine-to-token gold and silver-backed cryptocurrencies within its own proprietary GoldAxis Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.

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Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.