Fiscal Update: Bemax Estimates an Over 70% Revenue Increase
Bemax (OTC Pink: BMXC), a private label company specializing in disposable diapers and women's hygienic products, estimates a revenue increase of over 70% for the fiscal year ending May 31, 2024, compared to the previous year. This significant growth is attributed to an expanded distribution network and a competitive pricing strategy. Bemax plans to further enhance its distribution channels with major wholesalers and convenience stores across North America. CEO Taiwo Aimasiko highlights the upcoming launch of new private label brands as a key driver for continued revenue growth.
- Estimated revenue increase of over 70% for the fiscal year ending May 31, 2024.
- Expansion of distribution network contributing to revenue growth.
- Competitive price advantage helping to boost sales.
- Plans for new distribution networks with major wholesalers and convenience stores.
- Launch of new private label brands expected to drive further revenue growth.
- Full financial report will only be available later in July 2024, delaying comprehensive insight.
- No specific figures provided for revenue or profit margins, leaving uncertainty about exact performance.
- Potential risks associated with rapid expansion and new distribution networks not addressed.
Dallas, Georgia--(Newsfile Corp. - June 7, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to provide an estimate for its fiscal year revenue for the full year ended May 31, 2024. The full financial report will be made available later in July 2024.
The company estimates a revenue increase of more than
Bemax Inc. CEO Taiwo Aimasiko is pleased with the company's continued competitive price advantage. Taiwo Aimasiko stated, "The upcoming launch of Bemax's new private label brands with an expansive distribution network would further allow for continued revenue growth."
About Bemax Inc.
Bemax Inc. exports and distribute private label household products to the global emerging markets. 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
Taiwo Aimasiko
Bemax Inc.
Dallas, GA
USA
Email: admin@bemaxinc.com
Tel: 4044808372
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212052
FAQ
What is the estimated revenue increase for Bemax (BMXC) for FY ending May 31, 2024?
What factors contributed to Bemax's (BMXC) estimated revenue growth?
When will Bemax (BMXC) release the full financial report for FY ending May 31, 2024?
What new business strategies is Bemax (BMXC) planning?
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