VANCOUVER, BC and MESA, AZ, March 24, 2014 /CNW/ - Avidus Management
Group Inc. (TSX-V: AVD; "Avidus" or the "Company") is pleased to announce that it has made the $400,000 payment required
under the asset purchase agreement (the "Agreement") with Akea, LLC ("Akea") (www.akealife.com), that was entered into last month. Asantae will now be able to
proceed to full integration of the Asantae and Akea sales
organizations, product lines and systems.
Avidus' CEO, Doug Ridley, commented, "From the outset, the Akea
distributors were extremely energized and motivated and their response
to the acquisition has far exceeded our expectations. In the first 30
days, revenues from the Akea side of our business have increased by 17%
and we expect to see robust growth from the combined companies in
2014. We are currently reviewing several other targets that have the
potential to fit the Avidus acquisition model and we are excited about
the outlook for 2014 and beyond."
Bill Bernicki, Akea's COO commented "Our distributors have been
energized by the Asantae field leadership and we have already seen
significant sales growth with this union. The Fast Track Business
Building System has proven to have an immediate positive impact on our
distributors and we look forward to continuing to build on this
momentum."
About Avidus
Avidus Management Group Inc. (TSXV: AVD, OTC: ASNHF), based in Mesa,
Arizona, develops, acquires and operates growth direct sales and
network marketing companies in the consumer health and wellness market.
Avidus brands include Asantae (www.asantae.com and Akea www.akealife.com).
The Avidus leadership team has a combined experience of 100 years in
network marketing and direct selling. For more information, visit www.avidusmanagementgroup.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information in this news release is forward-looking within the
meaning of certain securities laws, and is subject to important risks,
uncertainties and assumptions. This forward-looking information
includes, among other things, information with respect to the Company's
beliefs, plans, expectations, anticipations, estimates and intentions,
including the completion of the Acquisition and the private placement
of Units. The words "may", "could", "should", "would", "suspect",
"outlook", "believe", "anticipate", "estimate", "expect", "intend",
"plan", "target" and similar words and expressions are used to identify
forward-looking information. The forward-looking information in this
news release describes the Company's expectations as of the date of
this news release.
The results or events anticipated or predicted in such forward-looking
information may differ materially from actual results or events.
Material factors which could cause actual results or events to differ
materially from such forward- looking information include, among
others, the Company's ability to develop new products which will
receive market acceptance, to receive market acceptance in new markets
outside the United States, to engage and retain qualified key
personnel, employees and affiliates, to obtain capital and credit and
to protect its intellectual property rights.
The Company cautions that the foregoing list of material factors is not
exhaustive. When relying on the Company's forward-looking information
to make decisions, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. The
Company has assumed a certain progression, which may not be realized.
It has also assumed that the material factors referred to in the
previous paragraph will not cause such forward-looking information to
differ materially from actual results or events. However, the list of
these factors is not exhaustive and is subject to change and there can
be no assurance that such assumptions will reflect the actual outcome
of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS
RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND
SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE
COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION
AT ANY PARTICULAR TIME.
SOURCE Avidus Management Group Inc.
