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 Update
Bemax 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 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.
Atlanta, GA
USA
Email: admin@bemaxinc.com
Tel: 4044808372