Market Overview

ABT Successfully Launches Scoobeez Chicago


Pasadena, CA, March 08, 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 expansion nationwide with another successful launch of Scoobeez Chicago ("Scoobeez CHI").


Scoobeez CHI is experiencing a higher volume of on demand deliveries than originally expected, along with increasing the efficiency and proficiency of our enterprise customers in the "Last Mile Delivery" market through implementing our logistic processes and customized business solutions.


"The launch of Scoobeez CHI has been a great success, having generated more sales than expected. Scoobeez is experiencing rapid growth in Chicago as well as in other existing locations," said Shahan Ohanessian, CEO of ABT. "During the launch phase, the Scoobeez team has shown tremendous initiative and flexibility to not only start the operation in a short period of time, but also to quickly streamline and scale up its delivery and support capabilities. The versatile and robust nature of Scoobeez's on-demand delivery system, combined with incredibly passionate Scoobeez team, has once again proven that Scoobeez can significantly reduce time to market for the launch of an end-to-end on-demand delivery operation in a new territory. Look for additional Scoobeez launches in more cities in the US and worldwide."


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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:

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