April 21, 2014 - Groupe Athena, Inc. (Pink sheets GATA.PK)announced today revenues of $14,471,625 for the period ending March 31, 2014, an increase of $1,093,173 over the same period in 2013. Gross earnings before depreciation, amortization and taxes were $2,384,395 and net income was$1,438,956 or $.031 per share.
Total revenues for the 9 month period this fiscal year were $51,195,666 which is well on pace to meet or exceed the previously announced 12 month guidance. Net earnings for the same period were $5,132,140, just shy of .11 per share.
Cash reserves in the form of short term investments and deposits are extremely healthy and the Company's backlog of orders is larger than ever and growing while long term debt remains virtually non-existent.
The Indian pharmaceutical industry is increasingly focusing on exports to the
The company also continues to negotiate with several Indian drug companies for the manufacture of generic pharmaceuticals that the company intends to market in the
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
The company has a research and marketing facility in
To review the complete quarterly report please go to www.otcmarkets.com/stock/GATA/quote and click on "Financials"
For more information contact:
Paul Cornell
Cornellpaul6@gmail.com
Certain statements set forth in this press release constitute "forward-looking statements.? Forward-looking statements include, without limitation, any statement that may predict,forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project","intend", "forecast", "anticipate","plan", "planning", "expect","believe", "will likely", "should","could", "would", "may" or words or expressions 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.