VANCOUVER, BC and MESA, AZ, Jan. 14,
2014 /PRNewswire/ - Avidus Management Group Inc. ("Avidus"
or the "Company") (TSXV: AVD) (OTC: ASNHF), today announced that it
has appointed Doug Ridley as Chief
Executive Officer and Director, effective January 15, 2014. Mr. Ridley, who has a
25-year proven track record as a network marketing business leader
and distributor, was appointed President of Avidus in June 2013 to develop and implement the company's
strategic growth initiatives.
Avidus is grateful to co-founder and outgoing CEO Daniel Lundell for his invaluable contributions
to the company. Mr. Lundell will remain as Chief Operating
Officer and as Chairman of Avidus' board of Directors. Mr.
Lundell said, "We have worked very hard to get the company to this
point and I am pleased to have Doug accept the appointment as CEO;
his leadership has been and will be extremely valuable to the
company. Our shared vision for Avidus' future is exciting and
I look forward to increased value for shareholders."
Mr. Ridley has an accomplished career in this industry, having led
another network marketing company, Quorum International, to more
than $125 million annual sales in
less than three years with $20
million in pre-tax profit. As a successful distributor
in the functional beverage space, he headed a network that
generated more than $25 million in
annual sales volume.
Doug Ridley, President & CEO,
commented: "I am excited to be appointed as CEO as we embark on
fulfilling our vision of transforming Avidus into a premier company
through strategic growth and acquisitions. Since joining the
company as President in June, I am pleased with the rapid progress
we have made on several fronts. In my 25-years in the
industry, I have had the privilege of building successful
businesses based on corporate culture and relationships, proven
systems and quality products. I feel that all of these
elements are now in place as we enter 2014.
The backbone of a successful network marketing business revolves
around a professional and passionate team. I was thrilled to
have top network marketer Erik Cloud
join Avidus as network leader in August, and results thus far have
been very positive. In Q4, recruitment was up 50% over Q3
and, in addition, we expanded our network's geographic reach.
In December, Steve and Linda
Kampouroglou, extremely accomplished network marketing
professionals based in Florida,
joined Asantae and we anticipate that they will build upon their
past successes. They have most recently built network sales
organizations in the tens of thousands representing tens of
millions of dollars in sales per year.
One of my initial goals for Asantae after joining the company was
to create an exceptional product in the $25
billion US functional beverage space. In October, we
launched IS2™, a revolutionary inflammation and immune support
nutritional beverage, which has been received very positively and
quickly attracted network marketers from other well established
companies.
Avidus enters the New Year with tremendous momentum and I
believe we will experience significant growth in 2014. We are
currently evaluating a number of strategic acquisitions and
anticipate completing our first transaction in the near term.
These businesses will not only add to our top and bottom
line, but will also benefit and grow from our proven leadership,
operational efficiencies and systems."
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.