Business
Bemax Inc. Receives New Purchase Order for $620,000
Bemax Inc. Receives New Purchase Order for $620,000.
About this update from Bemax Inc.
[{"type":"text","content":"\n\n\n\nBemax Inc. Receives New Purchase Order for $620,000\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBemax Inc. Receives New Purchase Order for $620,000\n- Payment to be received January 26, 2018\n- Deliveries Starting February 2018, to be completed August 2018\n- First of two purchase orders from customer\nPR Newswire\nATLANTA, Jan. 18, 2018\n\n\n\nATLANTA, Jan. 18, 2018 /PRNewswire/ -- Bemax Inc. (OTCBB: BMXC), a growing global distributor of disposable baby diapers, is pleased to announce today that it has received an $620,000 purchase order for the supply of its private-label disposable baby diapers from an existing client, a major distributor of disposable diapers in the emerging South and East African markets.\n\nBemax expects to complete shipment of this purchase order in the first quarter of fiscal year 2018, which set the company on track to meet its projected revenue for the current fiscal year and all of 2018. This new purchase order relates to the long-term supplier agreement filed on November 16, 2015 and is the first of two purchase orders to be received from the customer in 2018.\n\nBemax will receive payment for each tranche of consignment before shipment to the customer. \n\n\"As a result of our extensive global marketing throughout last year, we have continued to generate positive momentum for our private-label product,\" said Taiwo Aimasiko, CEO, Bemax Inc. \"We believe the interest among our distributors and consumers for both of our existing and upcoming new products bodes well for our growth prospects in 2018 and beyond. We expect to receive additional purchase orders throughout 2018 from our existing and new distributors.\"\n\nAbout Bemax Inc.\n\nBemax Inc. exports and distributes Disposable Baby Diapers from the 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 ...