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ABT Holdings Announces Appointment of Mahesh Shetty to its Board of Directors


Pasadena, CA, Jan. 23, 2017 (GLOBE NEWSWIRE) -- ABT Holdings (OTC Pink: ABOT), at times, referred to as "ABT or the "Company," today announced that Mahesh Shetty, Director and Chief Financial Officer of SG Blocks, has been elected to ABT's Board of Directors.

Shetty brings over 25 years of experience in the fields of strategy, accounting, finance, financial planning, taxes, and treasury, as well as audit and compliance activities. Shetty is also currently the Chairman of the US India Chamber of Commerce DFW, a non-profit 501(c) (6) organization created by successful Americans of Indian origin, wanting to encourage and facilitate trade between the United States and India. Before joining SG Blocks, Shetty was the  COO and CFO of Encore Enterprises, a private equity real estate firm with over $750 million in assets and over 800 associates. Previous to his association with Encore, he was the Chief Financial Officer of North American Technologies Group, Inc., a NASDAQ - listed manufacturing company focused on the transportation industry.

Shetty began his career at PricewaterhouseCoopers (PwC), which is and is one of the Big Four auditors and the most prestigious accounting firm as per Vault Accounting 50. He has served in executive finance and operational leadership roles with Fortune 500 and mid-size private and public companies in the manufacturing, technology and service industries. In 1999, he completed his MBA from the University of Texas at Dallas with Summa Cum Laude honors.

"I am delighted to serve on ABT's Board and contribute to their continued success," said Shetty.


"We are extremely pleased to welcome Mahesh (Shetty) to the Board of ABT. He brings critical sets of skills in the field of corporate finance, accounting oversight, and SEC audit compliance," said Shahan Ohanessian, ABT's CEO. "Mahesh shall play a major role and guide the Company through its process of becoming a reporting company with the Securities and Exchange Commission ("SEC") and its intention to uplist on a higher exchange."


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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.


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' 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 FacebookTwitter, 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 396 S Pasadena Avenue | Pasadena | CA 91105 T: +1 818.302.0100 E:

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