ATLANTA, Jan. 31, 2018 /PRNewswire/ -- Bemax Inc. (OTCBB: BMXC), a growing global distributor of disposable diapers, is pleased to announce today that it has received the second payment toward the purchase order of January 17, 2018.
Bemax receipt of this new payment of $52,000 will make the second tranche of consignment to be shipped to the customer in March, 2018. The new payment further strengthens the company's current revenue level and extend growing customer base with encouraging sales generated so far compared to same period of 2017, and the company is meeting its profit and revenue targets for the current fiscal quarter.
Bemax is introducing its brands of private label products to the Indian market as part of efforts to continue to grow sales and expand customer base through access to new distributors' network.
"This latest development is a testament to the continued success of our marketing strategy. We have received new encouraging interest from customers; we estimate new purchase orders with strong online customer demand in 2018," said Taiwo Aimasiko, CEO of Bemax Inc.
Bemax is completing work to introduce new private label products to respond to new market trends, demands and sustain current distribution base.
About Bemax Inc.
Bemax Inc. exports and distribute Disposable Baby Diapers from U.S. to emerging markets in Africa and Europe. We also export our private label brands from manufacturers in Asia and distribute to other growing markets. Bemax focuses on an extensive and far-reaching global network among wholesalers, large discounting retailers and supermarkets as well as entry into the e-commerce arena to reach households directly through subscription orders. We focus to supply our clients with disposable baby diapers from manufacturers in North America where quality is superior. Please visit the company website at www.bemaxinc.com.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For information, please contact:
1100-200 Peachtree Street, NE
Atlanta, GA 30309