Mumbai, India -- April 11, 2017 -- InvestorsHub NewsWire
-- Groupe Athena, Inc. (Pink sheets
GATA.PK) announced today revenues of $10,665,210 for the period
ending March 31, 2016. Operating income before depreciation,
amortization and taxes were $1,662,277 while net income was
$1,233,147.
Total revenues for the 9 month period this fiscal year were
$43,816,222 which is well on pace to meet the previously announced
12 month guidance. Cash reserves in the form of short term
investments and deposits are extremely healthy while long term debt
remains virtually non-existent.
The Indian pharmaceutical industry is increasingly focusing on
exports to the United States and
GATA is well positioned to help them get their products
approved by the FDA for sales in the US. All of these exporter
companies are potential clients and the Company believes it has an
advantage over competitors due to the facilities based
in India, and their ability to deliver quick feedback to
clients that could result in expedited order generation. With
recent additions to equipment, the company will continue to take on
additional contracts and continue to anticipate further growth.
About Groupe Athena, Inc.
Groupe Athena, Inc. was incorporated in June 2008 and
began operations on July 1 of that year. The company is a
research and testing organization and helps various pharmaceutical
and medical products and devices companies
in India and Southeast Asia to
get regulatory approvals and facilitate exports of their products
to the United States. The Company accomplishes this by
assisting clients from concept through development, providing
consultation on regulatory requirements, filings and processes.
The company has a research and testing facility
in India that employs 21 consultants and is working
towards aggressively expanding its presence in the Indian
pharmaceutical industry. The Company's web address is www.groupeathena.com.
To review the complete quarterly report please go to http://www.otcmarkets.com/stock/GATA/filings
and click on Filings & Disclosure.
For more information contact:
Groupe Athena, Inc.
info@groupeathena.com
877-647-6876
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"forward-looking statements. Forward-looking statements include,
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may contain the words "estimate", "project", "intend", "forecast",
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of similar meaning. Such statements are not guarantees of future
performance and are subject to risks and uncertainties that could
cause the company's actual results and financial position to differ
materially from those included within the forward-looking
statements. Forward-looking statements involve risks and
uncertainties, including those relating to the Company's ability to
grow its business. Actual results may differ materially from the
results predicted and reported results should not be considered as
an indication of future performance. The potential risks and
uncertainties include, among others, the Company's limited
operating history, the limited financial resources, domestic or
global economic conditions -- activities of competitors and the
presence of new or additional competition and conditions of equity
markets.