Agape ATP Corp (NASDAQ: ATPC)

Agape ATP Corp, a Nevada corporation known by the stock symbol ATPC, operates in the health and wellness industry. It primarily supplies high-quality health and wellness products, including supplements that assist in cell metabolism, detoxification, blood circulation, anti-aging, and products designed to improve overall health. The company operates through its subsidiaries, Agape ATP Corporation (Labuan), Agape Superior Living Sdn. Bhd., and Wellness ATP International Holdings Sdn. Bhd., mainly in Malaysia.

Agape ATP Corp generates revenue through the sale of its products, which are categorized into four series: ATP Zeta Health Program, ÉNERGÉTIQUE, BEAUNIQUE, and E.A.T.S. The ATP Zeta Health Program is a comprehensive health program designed to promote overall wellbeing and prevent diseases caused by polluted environments, unhealthy dietary intake, and unhealthy lifestyles. The program emphasizes nutrient absorption through the membrane ion channel to provide complete and balanced nutrients to improve cellular health.

The ÉNERGÉTIQUE series includes products such as Hyaluronic Acid Serum, Mousse Facial Cleanser, and Mask series, which are designed to provide a total dermal solution for healthy skin beginning at the cellular level. The BEAUNIQUE series focuses on the research of our diet's impact on modifying gene expressions to address genetic variations and deliver personalized nutrigenomic solutions for every individual. The E.A.T.S series includes products such as Soy Protein Isolate Powder, Mix Soy Protein Isolate Powder with Black Sesame, and Livo5, which are designed to provide a balanced diet and promote overall health.

Agape ATP Corp's products are well-positioned within the industry, with a strong focus on building and maintaining its distributor network. The company offers financially rewarding and flexible career opportunities through the sale of quality, innovative products to health-conscious consumers. The direct-selling channel business model strengthens sales through ongoing personal contact between retail customers and distributors. Distributors earn additional discounts compared to members, allowing them to earn higher direct profits. Members are encouraged to build their respective network group, and members who accumulate a predetermined number of purchases are automatically promoted to become a distributor of the company.

The company's products are sold through a network of independent distributors and are acquired from related parties and unrelated third parties located in Malaysia. Agape ATP Corp has obtained the appropriate authorizations from the Food Safety and Quality Division of the Ministry of Health, Malaysia for all products in its ATP Zeta Health Program, BEAUNIQUE, and E.A.T.S series.

Agape ATP Corp is the registered owner of five registered trademarks and has one trademark pending registration in Malaysia. The company also has one applied to register an additional trademark in Malaysia, indicating its strong emphasis on intellectual property.

As of December 31, 2023, the company had 21 employees and is required to make a monthly contribution to the Social Security Organisation, Malaysia, for any employee who is employed for wages paid under a contract of service or apprenticeship with an employer for the purpose of providing social security protection to employees and their dependents against occupational injuries, including industrial accident, accident during emergency at the employer's premises, occupational diseases, and commuting accidents.