Restance, Inc. (OTC Pink: ANCE) is engaged as an condom manufacturer, which primarily focuses on Africa distribution. Shares of the condom manufacturer climbed 37% on Wednesday, November 22, 2017. Over the past month, Restance, Inc. has average daily volume of 9,390 shares. However, volume of 610,391 shares or dollar volume of $40,896, has already exchanged hands on the day.
Shares of Restance, Inc. are climbing today, after the company released a teaser saying that the company and Mariah Carey both support World AIDS Day and the #DoItForAfrica campaign. The company then releases further information teasing that more information will be released next week detailing of what else the company and Mariah Carey have in common. Here is the full press release detailing of the teaser:
Restance, Inc. Press Release:
SPARKS, Nevada, November 22, 2017 /PRNewswire/ –Next week, on November 28, 2017, RESTANCE, Inc. (USOTC: ANCE) will reveal the major brand name and globally recognized label that will appear on the condoms manufactured by RESTANCE in Africa for the #DoItForAfrica buy-one-give-one campaign anticipated to generate $20 million in revenue. The #DoItForAfrica campaign is designed to contribute to the United Nations goal of ending the AIDS Epidemic. The campaign is being announced in conjunction with Worlds AIDS Day, on December 1, 2017. RESTANCE plans to contribute to the UN goal to end the AIDS Epidemic by making condoms available everywhere in Africa through the #DoItForAfrica buy-one-give-one campaign where an anticipated $20 million in condoms will be sold in North American and for every condom sold, a condom will be manufactured in Africa and given away in Africa. RESTANCE has executed an initial $500,000 contract to produce condoms for the campaign.
What Do Mariah Carey and RESTANCE Have In Common?
Both Mariah Carey and RESTANCE support World AIDS Day. To commemorate World AIDS Day on December 1st and celebrate its 30th anniversary, AIDS Healthcare Foundation (AHF), Grammy award-winning singer Mariah Carey and award-winning music producer DJ Khaled will perform at a free concert event hosted by Mario Lopez and actress Laverne Cox on November 30th at the Shrine Auditorium in Los Angeles, located at 665 W. Jefferson Blvd. Debbie Allen and the Debbie Allen Dance Academy will also perform during the event.
On November 28, 2017, when RESTANCE reveals the major brand name and globally recognized label that will appear on the condoms manufactured by RESTANCE in Africa for the #DoItForAfrica buy-one-give-one campaign, find out what else, Mariah Carey and RESTANCE have in common.
RESTANCE – $20 Million Revenue #DoItForAfrica Campaign
RESTANCE has acquired the tools to equip a condom manufacturing plant and plans to open a condom manufacturing plant in Kenya soon to produce condoms for all Africa. RESTANCE has secured a contract where the company will produce condoms under a major, globally recognized brand name in conjunction with the #DoItForAfrica buy-one-give-one campaign. The #DoItForAfrica campaign is anticipated to generate $20 million in revenue.
RESTANCE is pursuing several business lines in the growing economies of East Africa. The Company is developing opportunities in the region including initiatives in technology and systems integration services, utility support services, affordable housing and health products manufacturing. RESTANCE recently acquired East African Development Partners as part of its strategy in East Africa.
Learn more about the RESTANCE operations in Africa on the Company’s website: http://www.restanceinc.com
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.