AtmanCo Announces Annual Results for 2012
01 Maio 2013 - 11:00PM
Marketwired Canada
AtmanCo Inc. ("AtmanCo" or the "Company") (TSX VENTURE:ATW), shares today its
results for the 7-month period ending December 31, 2012. "The year was rich in
positive outcomes moving the company forward with its projects, particularly
regarding an investment in a reverse takeover by AtmanCo, which was one of the
main objectives set forth by the enterprise during 2012." Stated AtmanCo
president and CEO, Michel Guay.
On October 18, 2012, AtmanCo (formerly Biotonix (2010) Inc.) acquired the
totality of outstanding shares of 9130-4519 Quebec Inc., a private corporation,
in consideration of the issue of 15,000,000 of its own common shares at a price
of $0.20 per share and in consideration of $150,000 payable as follows: $75,000
on the transaction date and $25,000 on the first, second and third anniversary
dates, for a total consideration of $3,150,000. Direct costs of $129,047
relating to this transaction were accrued within the expenses attributable to
the reversed takeover during the fiscal year ending December 31, 2012. The
transaction was carried out in order to create a synergy and improve its
shareholders' return by diversifying its activities.
Following this transaction, shareholders of 9130-4519 Quebec Inc. directly or
indirectly hold 52% of AtmanCo's outstanding voting shares, thus allowing them
to acquire a controlling interest in the Corporation. Consequently, the
transaction was registered as a reverse takeover whereby 9130-4519 Quebec Inc.
is considered the acquiring company and Biotonix (2010) Inc., the acquired
company. As Biotonix (2010) Inc. is a corporation, the purchase method regarding
the merger-and-acquisition process was applied.
Comparable data are those of 9130-4519 Quebec Inc., since according to an
accounting perspective, it is considered the acquiring company. As to the
activities of Biotonix (2010) Inc. they are included in the consolidated
financial statements solely from the transaction date, i.e. October 18, 2012.
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Dec 31, 2012 May 31, 2012 May 31, 2011
$ $ $
(7 months) (12 months) (12 months)
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Consolidated statements of
overall result
Products 575,064 500,061 417,551
Gross margin 411,837 454,568 391,700
Gross margin in % 72% 91% 94%
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Net income and overall result (608,887) (342,915) 1,076
Net income per basic and fully
diluted share (0.03) (0.02) 0.00
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Consolidated statements of
financial affairs
Cash and cash equivalents 1,187,941 (10,090) 2,554
Total assets 3,575,135 1,073,137 301,105
Total liabilities 980,578 2,308,821 1,193,874
Equity 2,594,557 (1,235,684) (892,769)
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Above data comprise a summary of highlights. For further information, please
consult the Corporation's consolidated financial statement as well as the
Management Report for the fiscal year ending December 31, 2012 at www.sedar.com.
"The year 2012 allowed us not only to perceive a significant and growing
interest in "FIT", i.e. your personality's compatibility for a given position
and the company's culture through psychometric tests, but also that this process
has become a must for corporations and recruiters. This is already evident in
our business model with regard to the use of the Web platform by means of our
customers' recurring/annual licence.
AtmanCo starts 2013 with great enthusiasm and energy thanks to the passion and
dedication of the entire AtmanCo team," said AtmanCo's president and CEO, Michel
Guay.
Certain information appearing in this press release may be of a "prospective"
nature comprising known and unknown risks, uncertainties, forecasts and other
factors liable to materially affect actual outcomes, performances or
accomplishments of the Company or industry results compared to all results,
performances or accomplishments arising expressly or implicitly from information
of a prospective nature. When used in this press release, information may
include terms such as "anticipate", "estimate", "may", "will", "expect",
"predict that", "presume" or "contemplate" and other terminology. These
particulars reflect current expectations concerning future events and
operational performance, and are valid solely on the date of this press release.
Unless required by law, we will assume no obligation to update or revise
prospective information in order to convey new events or circumstances.
Additional information pertaining to the Company is available on SEDAR at
www.sedar.com.
ATMANCO PROFILE
Field of human ressources
AtmanCo helps executives and managers recruit qualified human resources and
place the right person in the right position. AtmanCo created the Atman
personality test - a simple, accurate and scientifically proven psychometric
test with four modules: At-Plus, At-Model, At-Match and At-Team. Each test and
its modules identify factors that shape an individual's personality and
influence their performance. User-friendly and easy to use, these proven tools
for developing human potential integrate easily into the recruitment,
organizational evaluation, and talent management processes.
Using a management interface (Web platform) that's among the most advanced in
the world, you can quickly access the results of psychometric tests, compare
profiles to job norms and generate sales, management and team complementarity
reports. The versatile AtmanCo solution represents a key tool to significantly
increase the success of your employees within your organization.
Field of cyberhealth
The Company's mission is to provide corporations as well as health and physical
conditioning professionals with the means to enhance the value and efficiency of
their customer services, to offer personalized corrective solutions for posture
and physical condition, including exercise programs and eventually innovative
orthoses destined to improve the well-being of people suffering from backaches
or other musculoskeletal disorders and to improve people's physical and mental
condition as well as their general health, by harnessing leading edge
technologies in the fields of posture and biomechanics.
The Company stands out in its marketing approach via its Web site, direct sales
and partner network. For further information, visit www.atmanco.com and
www.biotonix.com sites.
FOR FURTHER INFORMATION PLEASE CONTACT:
AtmanCo inc.
Michel Guay
President and CEO
514.935.5959 ext. 301
www.atmanco.com
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