VANCOUVER, BC AND
MESA, AZ, Feb. 26, 2013 /CNW/ - Asantae Holdings
International Inc. ("Asantae" or the "Company") (TSX-V: JVA)
announces that, further to its news release dated November 26, 2012, the Company has completed a
debt settlement with certain non-arm's length creditors of the
Company to settle aggregate indebtedness in the aggregate amount of
approximately $124,494 by the
issuance of 414,981 common shares (the "Shares") at a deemed price
of $0.30 per Share.
In settlement of the outstanding debt, a total
of 205,333 Shares were issued to Gainey Consultants, Inc., a
company owned by John Reynolds, the
Company's Chairman and Director, and 209,648 Shares were issued to
Two Kings, LLC, a Company owned by Daniel
Lundell, the Company's CEO, COO and Director.
All of the Shares issued pursuant to the debt
settlement are subject to a four-camonth hold period expiring on
June 21, 2013.
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) (TSX-V: JVA) is a producer and marketer of
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
stresses which, according to scientific and medical research, are
the underlying conditions for most modern epidemic diseases
(diabetes, heart disease, obesity, stroke, etc.).
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