Bemax Inc. Announces Mid-Quarter Business Update

Revenue to surpass $1.1million by year end.

• More than 45% of previously announced $972,000 purchase order this quarter fulfilled.
• revenue to surpass more than $850,000 in the current quarter and over $1.1 million by end of December 2024.
• Additional reduction of total issued and outstanding shares during the current fiscal quarter.

DALLAS, GA/ October 8, 2024/ Bemax Inc. (OTCPK: BMXC), a private label development company with a focus on disposable diapers and women’s hygienic sanitary products, is pleased to announce today a mid-quarter business update.

The company is poised for a substantial revenue increase this quarter, surpassing $850,000 and over $1.1million by year end. This revenue growth stems largely from the recently received purchase order which is expected to more than double in the next quarter.

“We anticipate further growth in our market presence and revenue, driven by expansive marketing strategy and robust product sales. We continue to track our scalable growth plan as we lay the foundational elements necessary to execute our strategy. We will further reduce the total issued and outstanding shares this quarter as we continue to create additional value to our shareholders,” said Taiwo Aimasiko, CEO OF Bemax Inc.

About Bemax Inc.

About Bemax Inc. Bemax Inc. is a forward-thinking company dedicated to delivering top-quality disposable diapers and women’s hygienic sanitary products. With a focus on innovation and customer satisfaction, Bemax continues to expand its product offerings and distribution network, aiming to exceed the expectations of its growing customer base. 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.
Dallas, GA
USA

Taiwo Aimasiko

Email: admin@bemaxinc.com
Tel: (470) 582 0807 ext. 101