SOURCE: Bemax Inc.

February 29, 2016 09:00 ET

Bemax Inc. Now DWAC/FAST Eligible

DALLAS, GA--(Marketwired - February 29, 2016) - Bemax Inc. (OTCBB: BMXC) is pleased to announce today that Depository Trust Corporation (the "DTC") has approved its common stock for DWAC/FAST transfer through the Company's Transfer Agent, Securities Transfer Corporation. This newly approved stock transfer capability will enable Bemax Inc. shareholders to transfer their shares of BMXC stock electronically after buying or selling on the open market, without the extra expense and delay associated with the processing and transfer of physical share certificates.

Companies approved for DWAC/FAST electronic transfers often experience higher trading volumes in their stock given the additional accessibility and availability of shares for trading.

"We are pleased to announce another shareholder-friendly step in our evolution as a public company. DWAC transfer eligibility enables our shareholders to maintain the highest levels of efficiency, accountability and compliance standards for their trading activities in our shares through the best and most up-to-date electronic securities trading platforms being used today," stated Taiwo Aimasiko, CEO of Bemax Inc.

About DWAC/FAST

DWAC allows participants to instruct DTC regarding deposit and withdrawal transactions being made directly via a FAST transfer agent. The FAST system eliminates the movement of physical share certificates for transfers of securities registered in the name of DTC's nominee, Cede & Co., on the transfer agent's books. DTC and its FAST transfer agents reconcile the results of participants' deposit and withdrawal activities electronically on a daily basis.

About Bemax Inc.

Bemax Inc. exports private-label Disposable Baby Diapers from U.S. Canada, and distributes in London, South Africa and other emerging markets. We also export from manufacturers from Asia and distribute to other growing markets. Bemax focuses on an extensive and far-reaching global network among wholesalers, large discounting retailers and supermarkets as well as online sales and marketing 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.
    625 Silver Oak Drive
    Dallas, GA 30132
    admin@bemaxinc.com