Bemax Inc. Announces Removal of "Shell Risk" Designation by OTC Markets.

Dallas, Georgia – July 9, 2024 – Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women’s hygienic sanitary products, is pleased to announce that the "Shell Risk'' flag from the company's landing page on the OTC Markets Group Inc. ("OTC Markets'') has been removed.

As required by OTC Markets, we filed a supplemental filing on July 5, 2024, stating we were no longer a Shell Risk Company following the posting of our fiscal year financial results for the year ended May 31, 2024, with revenue of over 600% year over year.

“We had a strong fiscal year compared to the year prior, and I am pleased that we have now been able to start proving our business model and experiencing growth in our revenue. “Our distribution networks are expanding, and our sales are growing, said Taiwo Aimasiko, CEO of Bemax. This is part of our continuing effort to strengthen our balance sheet and demonstrate our commitment to our customers, distributors, and shareholders.”

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.

Safe Harbor Statement: 

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. The Company may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Annual Reports on Form 10-K and its other filings with the Securities and Exchange Commission. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.

CONTACT INFORMATION

Bemax Inc.
Dallas, GA
Email: admin@bemaxinc.com
Tel: (470) 582 0807 ext. 101