Business
Bemax Releases Revenue Projections
Bemax Releases Revenue Projections.
About this update from Bemax Inc.
[{"type":"text","content":"Bemax Inc. Releases Revenue Projections of $2.2Million for full year 2018. Atlanta, GA., January 19, 2018 – Bemax Inc. (OTCBB: BMXC), a growing global distributor of disposable diapers, is pleased to provide business operations update, and revenue projections for full fiscal year 2017 and 2018 respectively.The extensive global marketing outreaches embarked upon by the company throughout last year 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, 2018.Financial Outlook Full Year 2018 - Bemax Inc. revenue outlook is projected to a range of $1.5million to $2.2 million with estimated net profit margin in the range of $200,000 to $440,000.Current Quarter and Full Year 2017(Fiscal Year End – May 31, 2018)Total revenue in the current third quarter for period ending February 28, 2018 is projected to be in the range of $150,000 to $200,000. For fiscal year end of May 31, 2018, revenue is projected to be in the range of $500,000 to $600,000 which would be a growth rate of 246% to 315% compared to year ended May 31, 2017.Business OutlookThe following statements are based on Bemax's current expectations for the fiscal year 2017 and full year 2018. These statements are forward-looking and actual results may differ materially.The company will launch in 2018 two new private label products of Baby wipes and sanitary pads for women.The company will commence the construction of an assembly plant for installation of two disposable diaper production lines to service the emerging markets.The company estimate the launch of a four year share repurchase program before end of fiscal year 2018 to enhance shareholders value.The company will continue to negotiate new competitive pricing with existing Bemax private label manufacturers and distributors to increase sales.“We are extremely pleased with the interest we’ve seen this quarter for our private label product, especially with Mother’s Touch and we believe this is only the beginning for the company’s private label product line and for our online marketing business.” state Taiwo Aimasiko, CEO of Bemax. About Bemax Inc.Bemax Inc. exports and distributes Disposable Baby Diapers from the U.S. to emerging markets in Afric...