SOURCE: Bemax Inc.

May 17, 2016 05:30 ET

Bemax Inc. Receives New Purchase Order for $710,000

Deliveries Starting in June 2016 to Be Completed in August 2016

DALLAS, GA--(Marketwired - May 17, 2016) - Bemax Inc. (OTCBB: BMXC) announced today that it has received an $710,000 purchase order for the supply of its private-label Disposable Baby Diaper from an existing client, a major distributor of the Disposable Diaper in the emerging South and East African markets.

This is the second purchase order resulting from the long-term supplier agreement filed on November 16, 2015. Bemax expects to complete shipment of this order in Q3 2016, which builds upon the $260,000 Disposable Baby Diapers Bemax sold to Bethel Marketing in Q1 2016.

"We have generated positive momentum with the introduction of our private-label Mother's Touch and Mother's Choice," said Taiwo Aimasiko, president and chief executive officer. "Last quarter we had a strong response with an increased revenue. We believe the excitement among our distributors and consumers for both new products bodes well for our growth prospects in 2016 and beyond."

"The size of this purchase order clearly reaffirms the anticipated growth in demand for our private-labels that we expect to see going forward," stated Taiwo Aimasiko, Bemax's CEO.

About Bemax Inc.

Bemax Inc. exports Disposable Baby Diapers from U.S. and 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 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.
    625 Silver Oak Drive
    Dallas, GA 30132
    admin@bemaxinc.com