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.