VANCOUVER, BC and MESA, AZ, Oct. 31,
2013 /CNW/ - Avidus Management Group Inc. ("Avidus" or the
"Company") (TSX-V: AVD, OTC: ASNHF), today provided market guidance
relating to its acquisition strategy.
Over the last several months and with the support of the
Company's Mike Sheffield agreement
and Director Terrel Transtrum, key industry insiders, the Company
has established a strong pipeline of acquisition candidates and is
pleased to announce that it has made an initial non-binding
agreement to acquire the assets of one company and is currently in
discussions with several others.
Avidus CEO, Dan Lundell said,
"Our team of industry veterans has established a comprehensive
approach to identifying and qualifying companies for
consolidation. The pool of candidate companies for our
transaction pipeline within network marketing is large and
fragmented, with over 500 market entrants per year."
Network marketing is an enormous industry that provides
companies an effective channel to market and distribute their
products to consumers via direct selling. In the US alone,
network marketing is a $31.6 billion
sales industry with 15.9 million distributors. Publicly
traded network marketing companies include Herbalife (HLF), Avon
(AVP) Nu Skin (NUS), Usana (USNA) and Blyth (BTH), while Amway,
Mary Kay, Melaleuca and MonaVie are
among the more well known privately held network marketing
companies. Prominent investors of network marketing companies
include Warren Buffett, Carl Icahn, George
Soros, Paul Zane Pilzer and
Robert Allen.
Recently, the acquisitions of networking companies have
accelerated. CVSL, Inc. (OTCBB: CVSL), a Dallas based company, has recently purchased
three networking companies, but more importantly, has tendered an
offer to purchase Blythe, Inc. (NYSE: BTH) at a 35% premium to
market. Blythe is another consolidator of network marketing
companies.
Avidus CEO, Daniel Lundell,
pointed out, "The trend is obvious-- the network marketing sector
is replete with opportunities for accretive transactions. Our
strategy goes beyond simple acquisitions however; we target
companies with a very particular set of characteristics that when
combined with our expertise, can produce significant growth and
profit. The brand-management / portfolio approach to network
marketing can bring long term value growth for shareholders."
About Avidus
Avidus Management Group Inc. (TSX-V: AVD, OTC:
ASNHF) through its wholly owned subsidiary, Asantae
(www.asantae.com) develops, produces and markets innovative
nutritional products through direct and network marketing channels.
The ingredients in Asantae's products have been shown to reduce
chronic low-grade inflammation and oxidative stress, and support a
healthy immune system that, according to scientific and medical
research, are the underlying conditions for most modern epidemic
diseases (diabetes, heart disease, obesity, stroke,
etc.).
This news release may contain forward-looking statements
relating to the Company's operations or to the environment in which
it operates. Such statements are based on operations, estimates,
forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult
to predict and may be beyond the Company's control. A number of
important factors could cause actual outcomes and results to differ
materially from those expressed in forward-looking statements,
including those set forth in the Company's regulatory filings. In
addition, such statements relate to the date on which they are made
and the Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be
required by applicable securities laws.
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.
SOURCE Avidus Management Group Inc.