BEMAX INC - BMXC STOCK NEWS

Bemax Inc. (OTC Pink: BMXC) announced that CEO Taiwo Aimasiko has voluntarily retired 200,716,573 common shares in exchange for 8,028,662 Series 'B' preferred shares, reducing total issued and outstanding common shares by 40.90%. This marks the second share reduction during the current fiscal year. The company, which focuses on disposable diapers and women's hygienic products, reports experiencing increasing sales growth and maintains its strategy of supporting growth without increasing authorized shares.

Bemax Inc. (OTC Pink: BMXC), a private label development company focused on disposable diapers and women's hygienic products, has announced a significant reduction in its total issued and outstanding common shares. The company's CEO, Taiwo Aimasiko, has voluntarily retired 600,000,000 common shares in exchange for 24,000,000 Series 'B' preferred shares, resulting in a 55.01% decrease in outstanding common shares.

This share retirement is part of Bemax's strategy to create additional value for shareholders and maintain a capital structure that supports growth without increasing authorized shares. The company plans to implement further reductions in total shares outstanding during the current fiscal year. Bemax aims to enhance shareholder value and confidence while executing plans to support projected sales targets.

Bemax Inc. (OTC Pink: BMXC) has received a $972,135 purchase order for its private-label disposable diaper brands, Mother's Touch® and Modenna, from an existing bulk purchase customer. The company has already received an initial payment of $114,000, with additional monthly payments of $286,000 scheduled until delivery completion. Bemax expects to finish shipments by December 31, 2024.

This order puts Bemax on track to meet and exceed its projected revenue for the current fiscal year. The company's CEO, Taiwo Aimasiko, attributes this success to their extensive global marketing efforts and expects continued growth in 2024 and beyond.

Bemax Inc. (OTC Pink: BMXC) has successfully acquired Kona Gold, from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic move strengthens Bemax's position in the Consumer-Packaged Goods (CPG) market. As part of the deal, Bemax will issue $200,000 in Restricted Common Shares to Kona Gold Beverage shareholders as a dividend.

The acquisition allows Bemax to diversify its product offerings and expand its market reach. By integrating Kona Gold's innovative beverage brand with Bemax's operational capabilities, the company aims to drive significant growth and enhance shareholder value. This move aligns with Bemax's vision to strengthen its market presence in the CPG sector.

Bemax Inc. (OTC Pink: BMXC) has signed a Letter of Intent to acquire Kona Gold, from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic move aims to strengthen Bemax's consumer packaged goods portfolio and drive market growth. The acquisition aligns with Bemax's mission to diversify and enhance its market presence in the CPG industry.

Bemax plans to leverage Kona Gold's existing market presence and consumer loyalty to drive growth and innovation. The company anticipates completing the transaction in the coming months, with integration efforts starting immediately thereafter. This acquisition is expected to positively impact Bemax's revenue and market position, enhancing shareholder value.

Bemax, a private label development company focused on disposable diapers and women's hygienic sanitary products, announced a stellar financial performance for fiscal year 2024.

Bemax reported a revenue of $117,405, a 600% increase compared to $8,100 in the prior year. Operating expenses were reduced by over 70% to $141,919, down from $434,320. As a result, the company's net loss shrank significantly by over 200%, from $301,153 to $90,637. These improvements were driven by an expanded sales network and cost-effective shipping methods.

Additionally, Bemax is in discussions with two OEM manufacturers to further reduce production costs, improve product quality, and increase revenue in the current fiscal year.

Bemax (OTC Pink: BMXC) reported its financial results for Q4 ending May 31, 2024, highlighting a remarkable 600% year-over-year revenue increase to $117,405, driven by expanded sales and distribution networks. Gross margin improved significantly to $64,430 from $980. Operating expenses saw a drastic reduction of over 70%, falling to $141,919 from $434,320 due to lower warehousing and operating costs. The net loss decreased by over 200% to $90,637, attributed to higher revenue and efficient management. Bemax also entered discussions with two OEM manufacturers to further reduce production costs and enhance product quality, boosting future revenue potential.

Bemax Inc. (OTC Pink: BMXC) has announced the establishment of a new distribution hub in Leicester, United Kingdom, aimed at improving the distribution efficiency of their Mother's Touch® brand disposable diapers. This move is expected to reduce lead times on orders and enhance customer experience by positioning inventories closer to wholesalers. CEO Taiwo Aimasiko emphasized that this expansion reflects Bemax's commitment to continuous growth in their global distribution network and aims to boost revenue by providing quicker product access to customers. The new hub will be important for optimizing global distribution and ensuring swift delivery.

Bemax Inc. (OTC Pink: BMXC), a private label development company specializing in disposable diapers and women's sanitary products, announced it will start accepting pre-orders for its improved Mother's Touch® brand diapers on August 25, 2023. These diapers feature advancements such as a pearl pattern spun bond, a non-woven top sheet, a 3-liner wetness indicator, and a 3D leak guard. The company is leveraging its distribution network for widespread availability.

The global diaper market, valued at roughly USD 64.37 billion in 2023, is expected to reach USD 105.49 billion by 2032. Bemax is poised to grow with the market, thanks to rising birth rates, increasing disposable income, and a 70% year-over-year growth rate. North America's diaper market, worth US$75.4 billion in 2023, is projected to grow to US$91.4 billion by 2032.