Business
Bemax Provides Sales Update and Fiscal Year Revenue Estimates
Bemax Provides Sales Update and Fiscal Year Revenue Estimates.
About this update from Bemax Inc.
[{"type":"text","content":"DALLAS, GA/ March 24, 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 provide a sales update regarding the Company’s recent revenue growth.Sales UpdateBemax is continuing to experience solid revenue growth compared to the fourth quarter period of last fiscal year. Strong repeat orders and new customer growth are driving month-over-month sales growth through the Company’s wholesale distribution sales channels for its private label brand of Mother’s Touch disposable diapers. In addition, the Company is seeing growing demand for its products internationally, which is estimated to continue contributing to the Company’s revenue growth. The Company’s extensive work since the last quarter of 2023 at developing export relationships is starting to bear fruit with repeat orders completed to Canadian resellers, and additional countries in progress. It is hoped that these relationships will continue to grow throughout the current fiscal year of 2024 and beyond.The Company has recorded gross sales for February and March of approximately $110,000. The Company projects approximately $1.1million for the current fiscal year ending May 31, 2023.About Bemax Inc. Bemax Inc. exports and distribute private label household products to the global emerging markets. www.bemaxinc.com.Safe Harbor StatementThis 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 exp...