Business
Bemax Inc. Releases Revenue Projections of $2.1Million for full year 2021
Bemax Inc. Releases Revenue Projections of $2.1Million for full year 2021.
About this update from Bemax Inc.
[{"type":"text","content":"ATLANTA, GA / ACCESSWIRE / March 11, 2021 / Bemax Inc. (OTC PINK:BMXC) a growing global distributor of household products, is pleased to provide business operations update, and revenue projections for full year 2021.The extensive global marketing embarked upon by the company has positioned the company to project revenue increase of over 100% for current quarter compared to same period of last year. The same increase is projected for the fiscal year end of May 31, 2021.Financial OutlookFull Year 2021 - Bemax Inc. revenue outlook is projected to a range of $1.5 Million to $2.1 million with estimated net profit margin in the range of $200,000 to $260,000.Fiscal Year End May 31, 2021Total estimated revenue for fiscal year ending May 31, 2021 is projected to be in the range of $150,000 to $200,000. This would be a growth rate of over 100% compared to year ended May 31, 2020.Business OutlookThe following statements are based on Bemax's current expectations for full year 2021. These statements are forward-looking and actual results may differ materially.Work to reduce company's shares outstanding will continue throughout 2021through retirement of shares currently own by management, continuous buyback, and work with shareholders to exchange certain percentages of common stock to the company's preferred stock with opportunity to receive soon to be introduce program of profit sharing for shareholders.Bemax will introduce new private label of women hygienic sanitary pad and the new private label diaper -Modenna baby Diaper. The new brand of disposable diaper will be available on Walmart.com.The company will launch in 2021 one production line for Made-in-America protective face masks.Bemax will expand operations with the creation of a new marketing unit focusing on distribution of telecom products through strategic distribution alliances with telecom product manufacturer and suppliers.The company will continue to negotiate new competitive pricing with existing Bemax private label manufacturersWe are pleased with the new interest we've seen this past year and new expansion opportunities for the company that would allow for continuous revenue growth, state Taiwo Aimasiko, CEO of Bemax.About Bemax Inc.Bemax Inc. exports and distribute private label household products to the global emerging markets. www.bemaxinc.com.Safe Harbor ...