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Short Form Commentary On Some Moving Companies
2/22/10 - Anpath Up Sharply On Strong Volume
Anpath Group, Inc.
(ANPG)
traded up sharply $0.13 to $0.32 or 68.42%, apparently as others become aware
of their positive growth track after reporting an increase in revenues last
week.
Anpath Group entered our radar on 2/17/10 after reporting revenues for the
quarter ended December 31, 2009 of $66,988 compared with revenues of $28,176
in the same quarter last year; an increase of $38,812 or 138%. Total operating
expenses for the third fiscal quarter were reduced by $1,112,165 or 69% compared
to the same period for the prior year.
Highlights for the quarter included expansion of the Company's distribution
network into the Cleveland, OH region by means of an agreement with Zaymat
Distributors, and consolidation of its Korean distribution network by entering
into a new exclusive "take or pay" agreement with Clebio. The Korea arrangement
is valued at $2.5 million over the three-year term of the agreement. The
Company received in late December 2009 an initial order associated with its
new Korean distribution agreement. This order was not shipped before the
end of the third quarter and as such the company was unable to recognize
the approximately $80,000 in revenue represented by the order in the 2010
third quarter. The revenue will be recognized in the fourth quarter which
ends March 31, 2010. The $80,000 in revenue is the initial order in the $2.5
million "take or pay" agreement with Clebio.
