ATLANTA, Jan. 24, 2018 /PRNewswire/ -- Bemax Inc. (OTCBB: BMXC), a growing global distributor of disposable diapers, is pleased to announce that it has received the first payment toward the $620,000 purchase order, effective as of January 17, 2018.
The receipt of $50,100 three days earlier than scheduled constitute payment for the first tranche of consignment to be shipped to the customer and further set the company on track to meet its estimated revenue target for the current fiscal quarter. Bemax will receive payment for each tranche of consignment before shipment to the customer.
"We are extremely pleased with this development and the continued interest for our private label product of disposable diapers as the company's overall operations, competitive posture and solid foundation for profitable growth are all stronger than ever before," stated Taiwo Aimasiko, CEO of Bemax.
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.