Groupe Athena, Inc. (OTC PINK: GATA), (PINKSHEETS: GATA), announced today that based on current orders in hand they anticipate a strong first quarter and project total revenue for the period could top $20 million for the first time.
The company also projects continued annual revenue growth and expects to exceed last year’s record results. Initial indications put annual revenue for the current fiscal year in the $70 million range but the company cautions that it is far too early to make any definitive estimates.
The Indian pharmaceutical industry was estimated to be over $21 Billion in 2010 and is expected to experience double digit annual growth through the end of the decade. GATA has emerged as a vital component of this growth by its ability to help Indian manufacturers get their products approved by the FDA for sales in the US.
For more information on Groupe Athena, Inc. please go to www.otcmarkets.com/stock/GATA/quote or visit our corporate website at www.groupeathena.com.
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 marketing facility in India that currently employs 21 consultants and marketing personnel and is working towards aggressively expanding its presence in the Indian pharmaceutical industry. The Company’s web address is www.groupeathena.com
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SOURCE: Groupe Athena, Inc.