Dewmar International BMC, Inc. (OTCQB: DEWM) Reports 550% Growth in Revenue for 1st Quarter 2014 Compared to Previous Quarter
March 19 2014 - 8:35AM
Marketwired
Dewmar International BMC, Inc. (OTCQB: DEWM) Reports 550% Growth in
Revenue for 1st Quarter 2014 Compared to Previous Quarter
Dewmar International BMC, Inc. (OTCQB: DEWM) Exceeds Projected
1st Quarter 2014 Earnings by 250%
HOUSTON, TX--(Marketwired - Mar 19, 2014) - Dewmar
International BMC, Inc. (OTCQB: DEWM) (OTCBB: DEWM) ("Dewmar" or
"Company"), a leading provider of consumer brands to global
markets, announced today that the Company has exceeded its
original projection of 300% revenue growth for Q1-2014 compared to
Q4-2013 by 250% with roughly two weeks remaining in the
quarter. Dewmar experienced a significant increase in Lean
Slow Motion Potion sales after fulfilling a number of purchase
orders from repeat customers. In a February 5, 2014 press
release, the Company projected that it should see at least a 300%
increase in sales compared to previous quarter. As of today's,
date the previous quarter comparison stands at a 550% increase.
"This is a very positive start to our 2014 year as we have
shattered our aggressive 1st quarter growth projections that we set
at the beginning of the year," said Dr. Marco Moran, CEO of Dewmar
International. "The number would have actually been larger had
we been able to fill two additional purchase orders, as we ran out
of product due to a production run glitch at our new bottler that
created a shortage in our largest batch run in over a
year. These unfilled orders simply give us a head start on
Q2-2014 earnings," Dr. Moran continued. "Additionally, Dewmar
saw a significant increase in its online sales orders for
Q1-2014."
In order to remedy new beverage production facility
manufacturing issues on future batches, Dewmar has began
negotiations with another bottler in a region much closer to most
of its repeat customers. This move should reduce the Company's
shipping costs thus improving profitability. With Dewmar
expecting to launch Kush Cake brownies in the second quarter, along
with other potential hemp-based consumable goods later in the year,
Dewmar appears to be on pace to far surpass our original revenue
expectations for 2014.
About Dewmar
International BMC, Inc. Dewmar International BMC, Inc. is a
leading provider of consumer brands to global markets. The
Company's flagship product, LEAN SLOW MOTION POTION™ whose three
flavors are Yella, Purp and Easta Pink, is rated as one of the top
3 national selling relaxation beverages currently available in the
U.S. market, Trinidad & Tobago, Puerto Rico and Mexico. The
company has offices in Clinton, Mississippi; Las Vegas, Nevada and
Houston, Texas.
For more information about the Company please visit
www.DewmarInternational.com. If you are a distributor or retailer
inquiring about purchasing product for resale, please contact call
1-877-SIP-LEAN or
1-877-747-5326. If
you are an Investor please send email correspondence to
InvestorRelations@DewmarInternational.com
For media inquiries, please e-mail Eric@FischTankPR.com
Safe Harbor
Statement This news release contains forward looking
statements within the meaning of the Securities Litigation Reform
Act. The statements reflect the Company's current views with
respect to future events that involve risks and uncertainties.
Among others, these risks include the failure to meet schedule or
performance requirements of the Company's contracts, the Company's
liquidity position, the Company's ability to obtain new contracts,
the emergence of competitors with greater financial resources,
general economic conditions and the impact of competitive pricing.
In light of these uncertainties, the forward-looking events
referred to in this release might not occur.
CONTACT: Dewmar International BMC, Inc.
www.DewmarInternational.com 1-877-SIP-LEAN or 1-877-747-5326.
InvestorRelations@DewmarInternational.com FischTank PR
http://www.fischtankpr.com/ Eric Fischgrund For media inquiries,
please e-mail eric@FischTankPR.com
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