ABT Provides Update on Scoobeez’s Major Success in San Diego

Pasadena, CA, Feb. 09, 2016 -- 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 nationwide with a successful launch of Scoobeez San Diego (“Scoobeez SD”) in the fourth quarter of fiscal 2015. Since the launch, Scoobeez SD is experiencing a very strong demand for its on-demand delivery services in the first quarter of fiscal 2016 and meeting all expectations with exceptional service and timely deliveries. As Scoobeez SD continues its successes, we will look into launching several additional locations in San Diego to meet this continued high demand and to provide our enterprise customers and strategic partners with complete support and value added last mile logistic solutions.

Scoobeez SD has been generating profitable growth for the Company and we expect to increase our deliveries by double digits in the first quarter of fiscal 2016 as there is an increase in request for products through this on-demand delivery channel by a growing number online/mobile app shoppers while Scoobeez brand awareness in the region is expanding among current and potential customers.

“We are constantly improving the last-mile logistics of “Real Time Delivery” business model for our enterprise clients and San Diego has proven to be a tremendous success,” said Shahan Ohanessian, CEO of ABT. “Whether the business is a traditional brick-and-mortar merchant or a mobile app driven technology model, we have the right and cost effective solutions for every business in this competitive on-demand delivery landscape.”  

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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.

About Scoobeez

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: [email protected]