VANCOUVER AND
MESA, AZ, Nov. 21, 2012 /CNW/ - Asantae Holdings
International Inc. (TSX-V: JVA; OTC PINK: ASNHF) (the "Company")
announced the release of the Financial Statements for the 3Q of
2012.
Asantae saw an increase in revenues from Q3 2011
to Q3 2012 to $1,123,067, an
improvement of 253% over one year. Likewise, gross margins
increased from 48% in Q3 2011 to 80%, Q3 2012 to $893,542.
The Company also gained efficiencies in most
operating metrics as well from Q3 2011 to Q3 2012. General
and administrative expenses decreased from $655,540 to $524,804.As a percentage of revenue, the decrease
was more dramatic 148% to 46%. Affiliate commissions dropped
as a percentage of revenue as well, from 50% to 43%, while the
actual dollars increased from $222,674 to $490,464 due to the increase in top-line
sales. While advertising and promotion increased $5,165 to $68,897
from Q3 2011 to Q3 2012 due to increased sales incentives for the
quarter.
Asantae's CEO Dan
Lundell said, "The third quarter of 2012 marks the one-year anniversary of the
pre-launch of RealW8™, the cornerstone of our Asantae 2.0
initiative. We have seen remarkable growth and improvement in
the company since then in every major metric. Asantae has benefited
dramatically from the changes in management, product margins, cost
and overhead reductions, compensation plan, and it's overall
approach to the business of Network Marketing."
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.
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.
SOURCE Asantae Holdings International, Inc