SOURCE: Avidus Management Group Inc.

Avidus Management Group Inc.

April 16, 2015 08:30 ET

Avidus Provides Operational Update and Annouces New CFO

VANCOUVER, BC--(Marketwired - Apr 16, 2015) - Avidus Management Group Inc. (TSX VENTURE: AVD) (OTC PINK: ASNHF) ("Avidus" or the "Company") is pleased to announce that the Company has completed the sales and operational merger of Asantae and Truestar. This was the second phase of the plan announced in January that was designed to reduce operating expenses through joint efficiencies and fuel growth by integrating sales leadership and product lines.

CEO and President Douglas Ridley said, "With this merger now completed, we are excited about the opportunity to build on the foundation we laid in 2014 and focus our resources on growth initiatives that include product expansion and further acquisitions. Our goal for the year ahead is to achieve record revenues and profitability."

In addition, Avidus announces that Camille Transtrum has been appointed as the Company's new Chief Financial Officer, replacing Pam Egan. The Board of Directors thanks Ms. Egan for her exceptional contributions to the Company over the past several years and wishes her the best in her future endeavors.

Mrs. Transtrum began her professional career with Coopers and Lybrand (now PricewaterhouseCoopers) in Salt Lake City, UT after completing an MBA and an MAcc at Brigham Young University. Soon after, a move to Idaho Falls, Idaho landed her with Galusha, Higgins, and Galusha ("GHG"), a regional CPA firm based out of Helena, Montana. She spent nearly 5 years with GHG and completed the requirements for her CPA certificate. Following her time in public accounting, Mrs. Transtrum consulted with clients in a variety of industries and brings to Avidus significant tax, audit, accounting system design, and accounting management experience.

Mr. Ridley also commented, "Camille's business experience and her family's deep involvement in the direct selling industry makes her a great addition and we are excited to have her join the Avidus team to help us achieve our growth objectives."

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.

Contact Information

  • For further information please contact:

    Avidus Management Group Inc.
    Doug Ridley
    CEO/President
    10153 E Hampton Ave, Ste 101
    Mesa, AZ, 85209 USA
    P: 480-278-8702
    F: 480-383-6147

    Sequoia Partners Inc.
    James Beesley
    Email Contact
    P: 778-389-7715