Asia Broadband Inc. (OTC: AABB) has advised all GoldAxis Wallet users to transfer their digital assets to independent self-custody wallets. The company announced the transition to a new service provider on August 28, 2026, citing operational reliability concerns.

The move follows a comprehensive review of the current wallet technology infrastructure. Management identified several operational and reliability problems over recent months. Additionally, the development of Phase 2 of the GoldAxis Wallet encountered delays that exceeded company expectations. These issues raised concerns regarding timelines and execution quality, prompting the decision to switch providers to ensure future platform reliability.

Migration Instructions

Users are strongly recommended to transfer assets as soon as possible. The company provided specific guidance for different asset types:

• Algorand Blockchain Assets: Users holding AABBG, AABBS, and ALGO should consider creating an independent Algorand-compatible self-custody wallet, such as Pera Wallet.
• Bitcoin and Ethereum: Users holding BTC, ETH, and other compatible cryptocurrencies can use proven multi-asset self-custody wallets like Exodus or other compatible options.

Before transferring, users must ensure the destination wallet is compatible with their specific digital assets and blockchain. The company recommends making a small test transfer to verify successful receipt before moving the remaining balance.

Security Warnings

Asia Broadband emphasized that GoldAxis, Asia Broadband, and their representatives will never ask for seed phrases, recovery phrases, private keys, PINs, or passwords. Users are warned against providing these credentials to anyone claiming to assist with migration. The company clarified that third-party wallet applications like Pera Wallet and Exodus are independent of Asia Broadband. Users remain solely responsible for choosing and safely operating any third-party self-custody wallet.

Chris Torres, President and CEO of Asia Broadband, stated that the transition was inevitable because additional standards for infrastructure, operation, and service could not be provided in a timely manner. He noted that continued delays in Phase 2 development further necessitated the move to a new service provider.

What the Numbers Show

The operational disruption is significant enough to warrant a complete user exodus from the proprietary wallet. The recommendation for all users to migrate to external, unaffiliated platforms indicates a total loss of custody control for the company during this interim period. This shift exposes users to self-custody risks while highlighting the severity of the internal technical failures described by management.

Next Steps

The company has begun evaluating candidates for the new technology and service provider. Selection criteria include cybersecurity, infrastructure reliability, system availability, incident response procedures, technical support, operational transparency, and defined service-level standards. Asia Broadband plans to provide further details on the new infrastructure, user migration process, and future availability as the transition progresses. Users are advised to rely only on official Asia Broadband and GoldAxis communication channels for updates.

Asia Broadband Inc. has entered into a licensing agreement for an advanced AI-assisted exploration and mine optimization technology to support its upcoming 15,000-meter Phase 2 drill program at the Picachos IV Gold Property in Hostotipaquillo, Jalisco, Mexico. The agreement grants the company access to a platform that integrates geological data, historical drill results, assay information, geophysical data, structural information, mineralized trends, and production data to enhance decision-making. This move aims to improve exploration targeting, reduce inefficient drilling, and define mineralized zones more effectively during the Phase 2 program.

The licensing agreement includes provisions to customize the technology for Asia Broadband's mining operations and a future buyout option for the related intellectual property, subject to final terms. By implementing artificial intelligence, machine learning, and data modeling tools, the company expects to refine its exploration model with each round of drill data received. Unlike traditional interpretation methods, the system will automatically evaluate incoming data, allowing management to make exploration decisions with greater speed and certainty.

Strategic Implementation and Benefits

Chris Torres, President and CEO of Asia Broadband, stated that the licensing agreement represents a significant step as the company prepares to restart the Phase 2 drill program at Picachos IV. He emphasized that the mining industry is evolving toward data-driven exploration and AI-assisted mine optimization. The company believes this platform, combined with its proprietary rGO technology, positions it at the forefront of technology-driven mining by enhancing decision-making, operating efficiencies, and production performance.

Beyond exploration, the company plans to implement the technology for mine optimization and processing efficiency. AI-assisted tools will be used to evaluate ore characteristics, grade variability, mine planning, material routing, and optimal processing plant throughput. These tools are expected to identify bottlenecks, improve ore blending, and minimize dilution for higher recovery potential by clarifying the relationship between ore quality, processing, and production performance.

Operational Expansion and Competitive Advantage

The technology will also be deployed in connection with Asia Broadband's planned acquisition of a high-grade gold and silver underground mining concession in the Etzatlán region of Mexico. Management views the advanced AI-assisted exploration and optimization tools as a critical competitive advantage as the company grows its precious metals production operations in Mexico. The strategy focuses on creating an efficient and scalable operating model across its assets by combining advanced exploration targeting, mine optimization, and proprietary rGO processing technology.

Global mining companies are increasingly adopting artificial intelligence, automation, digital twins, and real-time mine optimization to enhance safety, productivity, recoveries, and efficiency. These technologies are utilized throughout exploration, drilling, mine planning, and processing. The licensing agreement aligns with Asia Broadband's strategy to implement modern mining tools at its Mexico-based gold and silver operations.