SOURCE: Bemax Inc.

August 14, 2015 05:38 ET

Bemax Inc. Files Annual Audited Financial Statements

DALLAS, GA--(Marketwired - August 14, 2015) - Bemax Inc. (OTCBB: BMXC), a global distributor of Disposable Baby Diaper, is pleased to announced that it has filed its Annual Report and corresponding audited financial statements for the year ended May 31, 2015 with the Securities and Exchange Commission (SEC).

Highlights in this news release should be read in conjunction with the Company's Annual Audited Financial Statements together with the accompanying notes and the Management Discussion and Analysis, which are available on EDGAR at www.sec.gov/edgar.shtml. All dollar amounts are in United States dollars unless otherwise stated.

Taiwo Aimasiko, Bemax Inc.'s CEO, stated, "We are pleased to have filed our 2014 annual report with the SEC. Our leadership team continues to grow our sales and explore new market opportunities. We look forward to dramatically generate revenues in the UK market in 2015".

Bemax Inc. is targeting the emerging disposable diaper market to open new distribution channels through collaboration with wholesalers and major retailers in South Africa, UK, and other emerging markets.

"We are very pleased to position the company to continue to move forward with its business development activities, provide disclosure to investors, and accelerate our business model." stated Taiwo Aimasiko, CEO of Bemax Inc.

Highlights in year ended May 31, 2015:

  • Bemax commence operations in the fourth quarter and launch website.
  • Bemax received order from Tolao Limited, a UK based disposable diaper marketer to supply disposable baby diaper valued at $507,722. Bemax received $100,000 and balance of $407,722 is recorded as account receivable. Bemax Inc. expect to receive full balance payment for the order before end of October of the current year.

Milestones Targeted for 2015:

  • Bemax to launch its ecommerce platform
  • Bemax to Launch the distribution of Smart Disposable Baby Diaper
  • Investigate opportunities to increase distribution channels.

Please see more information via its website www.bemaxinc.com

The 2014 annual report is also available on the OTC Markets web site at: http://www.otcmarkets.com/stock/BMXC/filings

About Bemax Inc.

Bemax Inc. export Disposable Baby Diapers from U.S. and Canada and distribute them in London, and South Africa and other emerging markets. We also export from manufacturers from Asia and distribute to other growing Markets. Bemax focus on extensive and far-reaching global network among wholesalers, large discounting retailers and supermarkets as well as entry into the ecommerce arena to reach households directly through subscription orders. We focus to supply our clients with disposable baby diapers from manufacturers in North America where quality is superior. Please visit the company website at 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

  • For information, please contact:

    Taiwo Aimasiko
    President
    Bemax Inc.
    26 Wellsely Lane Dallas, GA 30132
    Telephone: +1(770)401-1809
    taimasiko@bemaxinc.com