JVA Avidus Management Group, Inc.

VANCOUVER, Aug. 15, 2012 /CNW/ - Asantae Holdings International Inc. is pleased to announce the results of the Company's Annual and Special General Meeting (the "AGM") held on August 14, 2012, in Vancouver, Canada. The Company is pleased to report that at its AGM the shareholders approved an ordinary resolution to set the size of its Board of Directors at four.  These directors are: The Honourable John D. Reynolds, P.C., The Honourable Larry Campbell, Daniel Lundell and newly appointed Terrel Transtrum. Terrel Transtrum is an industry expert in network marketing.  From his start with Melaleuca in 1988 as Vice-President of customer service until now, he has assisted, launched and advised multiple network companies, and coached CEOs and presidents. Terrel has an accounting degree from Brigham Young University, law degree from the University of Idaho, and an LL.M. (Master in Tax Law) from the University of Miami. Chairman Reynolds said, "Terrel's passion and commitment to excellence in network marketing, make him a valuable director and member of the Asantae team.  His depth of experience, contacts and leadership will contribute to the Company's strategic vision and operational objectives." The Company also appointed Davidson & Company, LLP, Chartered Accountants, as its auditor with remuneration to be fixed by the directors. In addition, at the AGM the shareholders also approved the continuation of its current share option plan.  This is the only equity compensation plan the Company has which allows for a maximum issuance of 10% of the total number of issued and outstanding common shares of the Company (the "Plan").  The Plan has been established to provide incentive to qualified parties to increase their proprietary interest in the Company and thereby encourage their continuing association with the Company.  The Plan also provides that the options will be issued to directors, officers, employees or consultants of the Company or a subsidiary of the Company.  The Company's Chief Executive Officer and Chief Financial Officer together will be the Administrator under the Plan until revoked by resolution of the Board of Directors. The Company is also pleased to announce that, subsequent to its AGM, its Board of Directors appointed and/or reappointed the following Executive Officers: The Honourable John D. Reynolds, P.C. (Chairman of the Board); Daniel Lundell (Chief Executive Officer and Chief Operating Officer); and Pamela Egan (Chief Financial Officer and Corporate Secretary).  Having played a key role in the Company's reorganization in 2011, Timothy F. Transtrum has stepped down as President to pursue other opportunities.  The Company appreciates his commitment and contribution to the Asantae 2.0 transformation.  Tim remains a member of the Company's advisory board. About Asantae Asantae Holdings International Inc. (www.asantae.com) is a producer and marketer of innovative nutritional products through a network of independent distributors (Asantae Independent Affiliates).  Asantae's flagship product RealW8™ addresses the primary threat to public health in the industrialized world; overweight and obesity.  Asantae's approach to this threat is based on a body of research related to the brain chemistry of addiction, chronic low-grade inflammation and oxidative stresses which, according to scientific and medical research, are the underlying conditions for most modern epidemic diseases (obesity, heart disease, diabetes, stroke, some cancers, etc.). According to Market data Enterprises, Inc., the U.S. weight loss market alone is estimated at $60.9 billion per year. 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 listing and trading of the Company's common shares on the Exchange.  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. Asantae Holdings International, Inc CONTACT: CONTACTS:Asantae Holdings International Inc.Dan Lundell, CEO/COOdanlundell@asantae.com10153 E Hampton Ave, Ste 101, Mesa, AZ, 85209 USAP: 480-278-8712 / F: 480-383-6147Sequoia Partners Inc.James Beesleyjames@sequoiapartners.caP: 778-389-7715Adam Rabineradamr@sequoiapartners.ca P: 604-868-7881

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