Bemax Announces Plan to Retire two Hundred Million Shares

Bemax Announces Plan to Retire two Hundred Million Shares

DALLAS, GA/ April 16, 2024/ Bemax Inc. (OTCPK: BMXC) (“Bemax” or the “Company”) a private label development Company with focus on disposable diapers and women’s hygienic sanitary products is pleased to announce that it has completed plans to retire two hundred million common shares by May 31, 2024, representing a reduction of approximately 20% of the total shares outstanding.

The reduction of the common shares outstanding will be through the retirement of shares owned by the Company’s chief executive officer, Taiwo Aimasiko. Upon retirement, these shares will be returned as authorized and unissued shares. This reduction, when completed, will effectively bring the total shares outstanding to approximately eight hundred thirty million (830,000,000) common shares.

“With this reduction, Bemax has begun a significant step in the reduction of our share outstanding,” said Taiwo Aimasiko, Bemax president. “The board views that this share reduction will bring value for our shareholders, and we expect to continue to substantially reduce the number of outstanding shares over the course of 2024.”

About Bemax Inc.                                                      

Bemax Inc. exports and distribute private label household products to the global emerging markets. 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.

CONTACT INFORMATION

Bemax Inc.
Atlanta, GA
USA

Email: admin@bemaxinc.com
Tel: 4044808372