DALLAS, GA/ December 18, 2025/ Bemax Inc. (OTCID: BMXC), a private label development company today announced it has signed a significant purchase agreement with Kalvin Resources, a division of Asfara Resources, a leading Malaysia crude palm oil refinery for the supply of refined oil. This agreement is a key step in strengthening Bemax's supply chain and ensuring a consistent, reliable source of for its private label brands of household oil products.
Under the terms of the multi-year agreement, Bemax will purchase a minimum of 100 metric tons of refined palm oil (RBD Oil, CP 10 per month from Asfara Resources through Kalvin Resources, a division of Asfara. The refined palm oil will be sourced from Malaysia and delivered via cost, insurance and freight (CIF) terms to Bemax’s designated shipping destinations.
This agreement emphasizes Bemax's commitment to responsible sourcing of its private label brands of refined CP 10 oil. The refined palm oil purchased under this agreement is according to the General Terms and Definitions as set out in the INCOTERMS 2000 Editions. This agreement also aligns with Bemax's goal of top-quality private label products and ensuring fully traceable supply chains.
"The agreement with Kalvin Resources ensures supply chain resilience while upholding our commitment to quality private label products,” said Taiwo Aimasiko, CEO of Bemax Inc. “We look forward to a productive partnership with Asfara Resources, Malaysia and its sales division of Kalvin Resources."
About Bemax Inc.
Bemax Inc. exports and distribute private label household products to the global emerging markets. www.bemaxinc.com
About Kalvin Resources
Established over two decades ago, Cavin Resources has grown from a small local supplier to a global leader in the edible oil market. Our journey began with a commitment to quality and a passion for innovation. Over the years, we have achieved numerous milestones, including the development of advanced refining techniques and the expansion into international markets. Our mission is to deliver the purest oils while maintaining ethical sourcing and production practices, ensuring that every drop meets our rigorous standards of excellence.
Our state-of-the-art refining facilities employ cutting-edge technology to ensure that every batch of oil is pure, safe, and of the highest quality. We adhere to stringent quality control measures and international standards, guaranteeing that our oils not only meet but exceed industry expectations.
About Asfara Resources
The preferred supplier of Malaysian vegetable cooking oil. Asfara specializes in bulk sourcing and the execution of large-scale corporate export orders. Our distribution network spans major international markets including Europe, Africa, China, the Middle East, India, Korea, and other key global destinations. Through strong local partnerships and efficient logistics, we ensure reliable supply, consistent quality, and competitive pricing to support international buyers and distributors. At Asafara Resources, we continuously monitor market conditions to offer our partners strategic supply stability, and flexible procurement solutions, ensuring long-termcompetitiveness and sustainable trade relationships.
Safe Harbor Statement
This 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 expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT INFORMATION
Bemax
Inc.
Dallas, GA
USA
Email: admin@bemaxinc.com
Tel: (470) 582 0807 ext. 101