GLENDALE, CA, April 03, 2019 (GLOBE NEWSWIRE) -- Anvia Holdings, Inc., (ANVV) (the "Company" or "Anvia"), an emerging global technology company in the multi-billion-dollar self and business improvement industry, today announced financial results for its full year ended December 31, 2018. This past year was marked by several key acquisitions for the Company.
"During 2018, Anvia acquired several strategic and synergistic companies around the world that we believe add significant shareholder value for many years to come,” stated President & CEO Ali Kasa.
Total assets reported for 2018 was $6,047,326 compared to $539,969 in 2017. This represents an increase in assets of over 1000% for Aniva Holdings Corp.
Key 2018 Business and Financial Highlights:
Aquired a 100 % interest in All Crescent Sdn Bhd and its subsidiaries. All Crescent Sdn Bhd is a Malaysian company that specializes in the internet of things (IOT). It owns 92% Sage Interactive Sdn Bhd, which in turn owns 5% Celex Media Sdn Bhd. All companies are Malaysian companies that own and operate blended learning and e-content software and applications. The companies have been operating for more than 10 years in Malaysia specializing in developing and providing learning management technologies, learning solutions and eContent for small and medium companies and government agencies. Additional information can be found at www.sage.com.my
Acquired 51% of Jamiesons Accounting Pty Ltd, an Australian accounting practice, operating under the brand name Jamiesons, Chartered Accountants (“Jamiesons Accounting”). Additional information can be found at www.jamiesons.net.au
Acquired 100% of Xamerg Pty Ltd, an Australian Vocational Education institution, operating under the brand Eagle Academy. The company has been a Registered Training Organization (RTO) under Australian Skills & Quality Authority (ASQA) to offer vocational education qualifications to Australian and Foreign Students. Trading under Eagle Academy, the company has established itself as a leading education institution in Sports Management, English Language to foreign students, Business and Management. Additional information can be found at www.eagleacademy.com.au
Acquired 100% of Entrepreneur Culture Inc Sdn Bhd. The company has been a Registered Franchise Consultant with Malaysian government agencies to help small and medium businesses develop, register and grow their franchise system. The company is among few registered franchise brokers licensed by Malaysian government. Additional information can be found at www.franchiseculture.com
Acquired 100% of Global Institute of Vocational Education Pty Ltd. Global Institute of Vocational Education Pty Ltd, located in Melbourne, Australia, is a Registered Training Organization (RTO) under Australian Qualification Framework (AQF) by Australian Skills Quality Authority (ASQA)
Aquired Egnitus Inc. and its subsidiaries trading under the brand Egnatium (“Egnatium”). The company specializes in helping individuals and organizations grow. Egnatium has its own proprietary software, mobile applications, learning and consulting modules in areas of Strategy, Competency, Employee Performance, Learning Management and Customer Experience. Additional information can be found at www.egnatium.com
Acquired 100% of Workstar Technologies Pty Ltd, an Australian corporate training and development institution, trading under the brand Workstar. The company offers tailored digital content and corporate learning to major Australian and international companies such as McDonalds, Jetstar, PayPal and KPMG. Additional information can be found at www.workstar.com.au
Acquired 100% of Doubleline Capital Sdn Bhd is a Malaysian company positioned to become a private equity company.
Secured a $10 million equity financing agreement with GHS Investments, LLC
Key 2018 Operational Highlights:
The company has acquired and developed a number of proprietary software, mobile applications, learning and educational tools to help consumers and businesses improve and grow. To achieve the vision of becoming the largest self and corporate improvement global company by 2025 the company launched a multipronged expansion strategy of acquiring and/or developing businesses focused on several key aspects of self and business improvement market.
“We are extremely pleased to be gaining momentum with our planned growth and acquisition strategy in the self and business improvement space. As of December 31, 2018, we acquired 11 companies in Australia, Malaysia and The Philippines. The combined revenues of these acquisitions are USD 8 Million per annum and each of these acquisitions expands and or completes the infrastructure to make Anvia Holdings a global player in the self and business improvement space. The company also has a pipeline of new acquisitions to increase the revenues and market share in current markets and plans to enter the US market within 2019,” added Kasa.
For the year 2018, Anvia reported total current assets of $2,195,122 compared to $201,014 in 2017.
The company reported a net loss of $2,563,510 in 2018 compared to net loss of $141,916 for the full year 2017.
Management anticipates Anvia will exit 2019 with gross revenues of more than US $ 10 Million, due to the launch and growth of the recent acquisitions described above and a continued effort to reduce and consolidate operating costs.
The Company reported a net loss attributable to common shareholders of $(2,548,909) or $(0.062) per basic share for the full year 2018.This compares to a net loss of $(300,936) million or $(0.015 ) per basic share for the full year 2017. Anvia reported a loss from operations of $(1,286,093) million in 2018 versus a loss from operations of $(132,763 ) million in the prior year.
Operating expenses in 2018 totaled $ 2,563,421, a $ 2,419, 679 increase over the prior year. Anvia anticipates its operational expenses to be less than $700,000 per month on a go-forward basis.
The Company incurred other expenses in 2018 of $ 1,828,978, which included interest expense of $ 1,286,093. This compares to 2017's other expenses totaling $ 0, inclusive of interest expense of $ 0. Going forward, the Company anticipates these expenses to represent a minimal percentage of the Company's overall expenses.
On December 31, 2018, Anvia had 41,004,994 million shares of Common Stock issued, compared to 19,000,000 million shares issued at year-end 2017. The substantial share increase is fully attributed to the Company's business acquisitions and consulting services.
As of March 31, 2019, the total issued shares is 41,905,427.
More details related to these financial results can be found on sec.gov in the Company's Annual Report on Form 10-K filed on April 03, 2019 with the SEC, as well as posted on the Company's website.
About Anvia Holdings
Anvia Holdings Corporation is a global technology and education service company. The company is established with the mission to make potential growth accessible and sustainable. Anvia Holdings Corporation trades on the OTCQB under the symbol ANVV.
For further information, please visit www.anviaholdings.com
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SOURCE: Anvia Holdings Corporation