Akea News and Press Releases
Akea News |
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Avidus Completes Purchase of Akea For more information on Akea including the company's current rank in our home business index, please click here. |
Avidus Completes Purchase of Akea |
Press Release | 3/26/2014 VANCOUVER, BC and MESA, AZ, March 24, 2014 -- Avidus Management Group Inc. ("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"), 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." |
Akea Acquired By Avidus |
Press Release | 2/23/2014 VANCOUVER, BC and MESA, AZ, Feb. 20, 2014 - Avidus Management Group Inc. is pleased to announce that it has entered into an asset purchase agreement with Akea, LLC, pursuant to which the Company has acquired the business assets of Akea, a network marketing company based in Raleigh, North Carolina. Completion of the transaction is subject to the final approval of the TSX Venture Exchange.Avidus' CEO, Doug Ridley, commented, "In the 3rd quarter of 2013, we announced that Avidus would implement a growth strategy that included acquisitions of direct sales/network marketing companies. As our first such acquisition, Akea brings a distributor and customer base with substantial present value, as well as tremendous growth potential and a complementary product of exceptional quality. We will be introducing Asantae products to the Akea network and Akea products to the Asantae network in the near-term. Akea joining the Avidus family is the first of several growth initiatives anticipated in 2014." Akea's CEO, Munther Qubain, said, "Over the past 4 years, we have built a solid product foundation and have gathered loyal customers and distributors who have built successful businesses. By joining forces with Avidus/Asantae, our field organization will benefit from their corporate and field leadership teams as well as their F.A.S.T. Track Business Building System. We strongly believe this partnership will help accelerate growth and enable us to better reach the masses with our exceptional product." |
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