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
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."
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,
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.
For further information:
Avidus Management Group, Inc.
Dan Lundell, CEO/COO
10153 E Hampton Ave, Ste 101, Mesa, AZ, 85209 USA
P: 480-278-8712 / F: 480-383-6147
Sequoia Partners Inc.
firstname.lastname@example.org P: 604-868-7881