Bemax Inc. Receives New Purchase Order for $620,000

ATLANTA, Jan. 18, 2018 /PRNewswire/ -- Bemax Inc. (OTCBB: BMXC), a growing global distributor of disposable baby diapers, is pleased to announce today that it has received an $620,000 purchase order for the supply of its private-label disposable baby diapers from an existing client, a major distributor of disposable diapers in the emerging South and East African markets.

Bemax expects to complete shipment of this purchase order in the first quarter of fiscal year 2018, which set the company on track to meet its projected revenue for the current fiscal year and all of 2018. This new purchase order relates to the long-term supplier agreement filed on November 16, 2015 and is the first of two purchase orders to be received from the customer in 2018.

Bemax will receive payment for each tranche of consignment before shipment to the customer.

"As a result of our extensive global marketing throughout last year, we have continued to generate positive momentum for our private-label product," said Taiwo Aimasiko, CEO, Bemax Inc. "We believe the interest among our distributors and consumers for both of our existing and upcoming new products bodes well for our growth prospects in 2018 and beyond. We expect to receive additional purchase orders throughout 2018 from our existing and new distributors."

About Bemax Inc.

Bemax Inc. exports and distributes Disposable Baby Diapers from the U.S. to emerging markets in Africa and Europe. We also export our private label brands from manufacturers in 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.

SOURCE Bemax Inc.

Related Links

http://www.bemaxinc.com