Business
Groupe Athena, Inc. Reiterates Revenue Guidance Despite Currency Depreciation
Groupe Athena, Inc. Reiterates Revenue Guidance Despite Currency Depreciation.
About this update from Ayujoy Herbals Ltd.
[{"type":"text","content":"Groupe Athena, Inc. announced today that the\ncompany is confident of meeting it’s projected revenue projections of $75\nmillion in line with projections. The company also stated that it has an\nestimated $35 million of outstanding orders to provide a solid revenue base to\nbuild on for the 2017 fiscal period. \n\nThe company stated that\nsince over 92% of its orders are dollar denominated, the significant rupee\ndepreciation over the past year would have minimal effect on revenues this\nfiscal year.\n\nThe Indian pharmaceutical industry is\nestimated to be over $55 Billion in 2020 and is expected to experience 8%\nannual growth through the end of the decade. GATA has emerged as a vital component\nof this growth by its ability to help Indian manufacturers get their products\napproved by the FDA for sales in the US. \n\n\n \n\nFor\nmore information on Groupe Athena, Inc. please go to www.otcmarkets.com/stock/GATA/quote\nor visit our corporate website at www.groupeathena.com.\n\nAbout Groupe Athena, Inc.\n\n \n\nGroupe Athena Inc. was incorporated in\nJune 2008 and began operations on July 1 of that year. The company is a\nresearch and testing organization and helps various pharmaceutical and medical\nproducts and devices companies in India\nand Southeast Asia to get regulatory approvals and facilitate exports of their\nproducts to the United\n States. The Company accomplishes this by\nassisting clients from concept through development, providing consultation on\nregulatory requirements, filings and processes.\n\n \n\n The company has a research and marketing\nfacility in India\nthat currently employs 22 consultants and marketing personnel and is working\ntowards aggressively expanding its presence in the Indian pharmaceutical\nindustry. The Company’s web address is www.groupeathena.com\n\n \n\nFor\nmore information contact:\n\nGroupe Athena, Inc.\n\[email protected]\n\n877-647-6876\n\n \n\nSafe Harbor\nStatement\n\nCertain\nstatements set forth in this press release constitute \"forward-looking\nstatements.” Forward-looking statements include, without limitation, any\nstatement that may predict, forecast, indicate, or imply future results,\nperformance or achievements, and may contain the words \"estimate\",\n\"project\", \"intend\", \"forecast\",\n\"anticipate\", \"plan\", \"planning...