Business Update

"We are delighted with the excellent growth in revenues during the third quarter, which established a new quarterly record for the company," said Iain Muir, chief operating officer of Athlone Group. "Market acceptance of new products, expansion of our core business and favourable currency has produced strong service revenue growth throughout the year. In addition to solid expansion in its core markets, Athlone Group of Companies has exciting growth opportunities in India, China and Vietnam, real estate, leisure, personal care, technology platform and health care, providing us with confidence in the future growth of our company. Although we continue to look into selective partnering opportunities as the financial strength of the company grows, we are reducing our dependence on third party research funding so as to retain more of the value created by our technology. This should help reduce future total revenues variability," said Muir