- Management guides profitability for Q2 and balance of
2012
- Recurring (autoship) orders increased 79% in Q2 over
Q1
- RealW8 unit sales increased 87% in Q2 over
Q1
VANCOUVER and MESA, AZ, July 4,
2012 /PRNewswire/ - Asantae Holdings International Inc.
(TSXV: JVA) (OTC: ASNHF) ("Asantae" or the "Company"), a producer
and marketer of innovative nutritional products through a network
of independent distributors, today reported robust
growth in several key areas for the second quarter
2012.
Dan Lundell, Asantae's CEO,
stated, "We are very pleased to announce the significant growth
that we have demonstrated in the second quarter. This will be the
first profitable quarter in Asantae's history and we anticipate
this trend to continue for the remainder of 2012 and beyond. We
have entered the summer season in a very strong position and in the
coming months the company will be implementing several key
initiatives focused on building a strong and stable core of sales
leaders with increased levels of performance. We reiterate our
guidance that we will achieve record revenues and profitability for
fiscal 2012."
Asantae Affiliate Recruiting
During Q2 Asantae added 2,277 Affiliates and Preferred Customers
as compared to 1,177 for Q1, an increase of 93% for Q2. The company
added 729 new Affiliates and Preferred Customers in June.
Recruiting is a key indicator of momentum and
growth.
Auto Ship Growth
Total Auto Ship (recurring) orders, an
important gauge of retention and the health of the repeat
consumption base of the business, are up 79%
in Q2 over Q1. During Q2, Asantae fulfilled 2,975
total autoship orders as compared to 1,644 autoship orders in Q1.
June autoship orders were 1,058 compared to 1,125 in May.
RealW8™ Units Sold
Asantae sold 13,946 total units of RealW8™ in Q2 compared
to 7,477 units of RealW8™ in Q1, an increase of 87%. The Company
sold 4,641 total units RealW8™ in June, compared to 4,902 in
May.
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
Marketdata 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