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Alpha Network Alliance Ventures Inc (ANAV) |
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Alpha Network Alliance Ventures Inc 's Comment on Competitors and Industry Peers
The level of competition in food supplements and vitamins industry is extremely
high. Many of our established competitors have developed a brand following which
would make our potential customers prefer their products over ours. Economies
of scale would make it easier for our larger established competitors to negotiate
price discounts with their suppliers of food supplement and vitamin products,
which would leave us at a disadvantage. The principal competitive factors in
our industry are genetically specific, public taste and diet, pricing and quality
of food supplements and vitamins. We will be in a market where we compete with
many domestic and international companies offering similar food and vitamin
products. We will be in direct competition with them. Many large companies,
such as Herbalife and Isogenix, will be able to provide more favorable services
to the potential customers. Many of these companies may have a greater, more
established customer base than we do. We will likely lose business to such companies.
Also, many of these companies will be able to afford to offer better price for
similar food supplement and vitamin products than us which may also cause us
to lose business. We foresee to continue to face challenges from new market
entrants. We may be unable to continue to compete effectively with these existing
or new competitors, which could have a material adverse effect on our financial
condition and results of operations. The Company has not yet entered the market
and has no market penetration to date.
*Market share is calculated based on total revenue.
Who are Alpha Network Alliance Ventures Inc 's Competitors?
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