AveragePenny
2 months ago
$BMXC Bemax Inc. Signs Letter of Intent to Acquire Kona Gold, LLC
https://www.newsfilecorp.com/release/218831
Dallas, Georgia--(Newsfile Corp. - August 6, 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 announce the signing of a Letter of Intent to acquire Kona Gold, LLC from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic acquisition is set to expand Bemax's portfolio, aligning with their mission to diversify and strengthen their market presence in the CPG industry.
The acquisition of Kona Gold, LLC marks a significant milestone for Bemax, Inc. and is part of its broader strategy to enhance its product offerings and market footprint. Bemax aims to leverage Kona Gold's existing market presence and consumer loyalty to drive growth and innovation, while optimizing the acquired company's supply chain, enhancing product development, and expanding market reach.
"We are excited about the opportunity to bring Kona Gold into the Bemax family," said Taiwo Aimasiko, CEO of Bemax, Inc. "This acquisition is a testament to our ongoing efforts to diversify and strengthen our CPG offerings. Kona Gold's strong brand recognition and innovative products align perfectly with our strategic vision for growth."
The acquisition is subject to customary closing conditions and regulatory approvals. Bemax anticipates completing the transaction in the coming months, with integration efforts commencing immediately thereafter. This acquisition is expected to contribute positively to Bemax's revenue and market position, further enhancing shareholder value.
AveragePenny
3 months ago
$BMXC Bemax Receives Kroger’s Invitation to Attend Supplier’s Diversity for Suppliers.
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Receives-Krogers-Invitation-to-Attend-Suppliers-Diversity-for-Suppliers?id=446361
DALLAS, GA/ July 10, 2024/Bemax Inc. (OTCPK: BMXC), a private label development company with a focus on disposable diapers and womens hygienic sanitary products, is pleased to announce Krogers invitation to attend the Supplier diversity program for vendors aimed at providing diverse-owned businesses with access to capital they need to secure corporate contracts.
Bemax will participate in Krogers diversity program for vendors on July 22, 2024. The program will provide Bemax the opportunity to connect with American businesses with the capital and technical know-how to help build inclusive, resilient communities of opportunity. This program will further provide ath unique opportunity to expand the Bemax distribution network.
This initiative, which has brought JPMorgan Chase to partner with LISC, will further provide Bemax with increased exposure to capital and community networking among American businesses, especially potential major grocery store buyers of our private label brands, says Taiwo Aimasiko, CEO, Bemax Inc. We continue to work to expand our distribution network, increase sales, and establish long relationships that present potential, beneficial partnerships.
Consumers and retailers interested in pre-ordering the new brands can visit www.bemaxinc/webstore or www.walmart.com for more information and to place their orders starting on August 25, 2024.
AveragePenny
3 months ago
$BMXC Bemax Inc. Announces Removal of "Shell Risk" Designation by OTC Markets.
https://www.otcmarkets.com/stock/BMXC/news/Bemax-Inc-Announces-Removal-of-Shell-Risk-Designation-by-OTC-Markets?id=446234
Dallas, Georgia July 9, 2024 Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and womens hygienic sanitary products, is pleased to announce that the "Shell Risk'' flag from the company's landing page on the OTC Markets Group Inc. ("OTC Markets'') has been removed.
As required by OTC Markets, we filed a supplemental filing on July 5, 2024, stating we were no longer a Shell Risk Company following the posting of our fiscal year financial results for the year ended May 31, 2024, with revenue of over 600% year over year.
We had a strong fiscal year compared to the year prior, and I am pleased that we have now been able to start proving our business model and experiencing growth in our revenue. Our distribution networks are expanding, and our sales are growing, said Taiwo Aimasiko, CEO of Bemax. This is part of our continuing effort to strengthen our balance sheet and demonstrate our commitment to our customers, distributors, and shareholders.
AveragePenny
3 months ago
$BMXC Bemax, Inc. Announces Outstanding Financial Results for Fiscal Year 2024
https://www.newsfilecorp.com/release/215698
Dallas, Georgia--(Newsfile Corp. - July 8, 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 announce its financial results for the fiscal year 2024, showcasing a remarkable increase in revenue and a substantial reduction in operational expenses.
Bemax achieved a revenue of $117,405, a staggering increase of over 600% compared to $8,100 in the prior year. This exponential growth was driven by an expanded sales network and direct shipments from the factory to customers, significantly reducing shipment costs. The company reported total operating expenses of $141,919, a dramatic decrease of over 70% from $434,320 in the previous year, primarily due to decreased warehousing and overall operating costs.
Consequently, Bemax's total net loss decreased by over 200%, from $301,153 to $90,637, attributed to increased revenue and effective management of expenses. Additionally, in the fiscal year 2024, Bemax entered into discussions with two OEM manufacturers. Once finalized, these partnerships are expected to further reduce production costs, enhance product quality, and drive higher revenue in the current fiscal year.
Taiwo Aimasiko, CEO of Bemax Inc. stated, "We are thrilled with our financial performance this year. The significant revenue growth and substantial reduction in expenses demonstrate our commitment to expanding our market presence while managing costs efficiently. Our ongoing discussions with OEM manufacturers highlight our strategic approach to improving product quality and profitability. We are optimistic about the continued growth potential as we advance our initiatives."
Consumers and retailers interested in pre-ordering the new brands can visit www.bemaxinc/webstore or www.walmart.com for more information and to place their orders starting on August 25, 2024.
Killinit272
4 months ago
$BMXC News Out
Bemax Inc. Announces Pre-Orders on Walmart for the Newly Designed Private Label Brand
Dallas, Georgia--(Newsfile Corp. - June 18, 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 announce that it will commence accepting pre-orders for the new improved quality of the Mother's Touch® brand of disposable diapers starting this August on www.walmart.com. This initiative marks a significant step in Bemax's commitment to delivering products that exceed consumer expectations.
The pre-orders will also be available at www.bemaxinc.com/webstore. The new improved quality brand of Mother's Touch® meticulously crafted with a focus on superior quality, comes with a pearl pattern spunbond, a non-woven top sheet, a 3 liners wetness indicator, and a 3D leak quard, among other friendly features. This new brand of Mother's Touch® will be available through Bemax's expansive distribution network, ensuring widespread availability and accessibility.
"We are aware our customers love the current brand of Mother's Touch®, but we also know the world is changing and mothers are craving more meaningful and positive experiences that get them more bonded to their babies," says Taiwo Aimasiko, CEO, Bemax Inc. "We are thrilled to offer our existing and new customers an improved quality brand of Mother's Touch®, bring more value to shareholders, and continue to grow our revenue."
I-Glow
2 years ago
I posted early on that Taiwo Aimasiko does not exist as the CEO of Bemax.
From April 2018:
What is the Real Identity of Taiwo Aimasiko the CEO of BMXC?
Is the CEO Male or Female - did Taiwo Aimasiko graduate with a degree in accounting? If so how could she make a high school accounting mistake by missing inventory as a asset for over two years.
Let's start digging in the BMXC CEO's background and see what we can find.
From Linkedin: Taiwo Aimasiko - Kemira Chemicals University of Phoenix
Dallas, Georgia
Education
- University of Phoenix
Degree Name Bachelors of Science - Accounting Field Of Study Accounting and Business/Management
- Dates attended or expected graduation 2004 – 2009
The following was posted as verification the CEO has a Degree in Accounting:
Quote:
Individual: TAIWO A AIMASIKO
Date of Birth: 11/07/1974
Organization: UNIVERSITY OF PHOENIX
Degree: BACHELORS OF SCIENCE
Year: 2004
Information verified:
Degree: BSB/ACC
Awarded: 05/31/2009
Full-time 08/29/2006 - 09/26/2006 Certified on 09/19/2006
Full-time 10/24/2002 - 03/03/2003 Certified on 02/08/2003
Full-time 09/12/2002 - 01/23/2003 Certified on 01/11/2003
Full-time 09/12/2002 - 12/31/2002 Certified on 12/14/2002
Full-time 07/11/2002 - 11/21/2002 Certified on 11/09/2002
Full-time 05/30/2002 - 10/10/2002 Certified on 10/12/2002
Full-time 05/30/2002 - 10/01/2002 Certified on 09/11/2002
Full-time 05/30/2002 - 08/08/2002 Certified on 08/15/2002
Full-time 05/30/2002 - 07/31/2002 Certified on 07/13/2002
Full-time 05/30/2002 - 06/27/2002 Certified on 06/08/2002
Taiwo Aimasiko states on Linkedin she attended University of Phoenix from 2004 through 2009.
But in verification it states that TAIWO A AIMASIKO attended the University of Phoenix from 2002 through 2009.
Has the CEO ever used TAIWO A AIMASIKO in any of the filings.
Then we have the following:
Taiwo Anike Aimasiko
Case: 11-42758-pwb
CH: 7
Filed: August 16, 2011
Discharged: December 09, 2011
Address: 26 Wellsley Ln Dallas, GA 30132
URL: http://www.bankruptreport.com/ga/dallas/aimasiko-taiwo-anike
Bankruptcy: Filed
Someone thought they had pulled a gotcha on me and posted:
Taiwo Anike Aimasiko is a MALE! Our CEO is a WOMAN!
https://www.intelius.com/people/Taiwo-Aimasiko/Dallas-GA/06WNP6MAMRG
From Intelius:
Taiwo Anike Aimasiko
Gender: Male
Professional Status: Accountant at Solomon Edward Group LLC
Taiwo Anike Aimasiko Has Worked at 1 Place
Company: Solomon Edward Group LLC
Title: Accountant
Now this is very odd - Taiwo Aimasiko doesn't have Solomon Edward Group listed as a place of employment on Linkedin.
From the S-1 filed - we find: "While Ms. Aimasiko does
not have certified training in financial or accounting matters"
Now that is very odd for a accountant.
But later in the S-1 we find: "Ms. Aimasiko has acted as our sole Officer and Director since our incorporation on November 28, 2012. She graduated with a Bachelor of Accounting from University of Phoenix. After graduation until present time, Ms. Aimasiko has been working at Kemira Chemicals"
From http://www.spokeo.com/Taiwo-Aimasiko we find:
Taiwo A. Aimasiko Male, Age 49
Taiwo Aimasiko Male, Age 44
From your verified data: Date of Birth: 11/07/1974 which would be 42.
So what kind of identity fraud is going on.
Let's see:
AIMASIKO TAIWO
Phone 6787903863
26 WELLSLEY LN - DALLAS
ANIKE AIMASIKO
Phone 7704850588
26 WELLSLEY LN - DALLAS
I posted more about the identity of the CEO - but this has been the Nigerian Diaper Scam.
IG
splintered sunlight
2 years ago
https://www.marketscreener.com/quote/stock/BEMAX-INC-120795593/news/Bemax-Revenue-Estimate-and-Business-Outlook-for-full-Year-2022-40918600/
Bemax : Revenue Estimate and Business Outlook for full Year 2022
07/07/2022 | 07:34am EDT
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Bemax - Revenue Estimate and Business Outlook for full Year 2022Press Release | 07/07/2022
Bemax Inc. Revenue Estimates and Business Outlook for full year 2022.
Bemax Inc. (OTC PINK: BMXC), a growing global distributor of household products, is pleased to provide business operations update, and revenue estimates for full year 2022.
Bemax continue to expand on its core business objective through market penetration, product development and innovation, market diversification and extensive global marketing. The company is positioned to project revenue increase of over 50% for current fiscal year compared to same period of last year.
Financial Outlook
Full Year 2022 -Bemax Inc. revenue outlook is projected to a range of $1.6million to $2.5 million with estimated net profit margin in the range of $480,000 to $1million.
Fiscal Year Ending May 31, 2023
Total estimated revenue for fiscal year ending May 31, 2023, is projected to be in the range of $2.1million to $3.5million. This would be a projected growth rate of over 50% compared to year ended May 31, 2022.
Business Outlook
The following statements are based on Bemax's fiscal year ended May 31, 2022, and full fiscal year ending May 31, 2023. These statements are forward-looking and actual results may differ materially.
The global baby diapers market size valued at $52.6 billion in 2019, and is projected to reach $68.3 billion by 2027, registering a CAGR of 5.0% from 2021 to 2027.
Product innovation and launch. Development of two new women disposable hygienic products is nearing completion. Launch of these new private label products is set for current fiscal year in furtherance of meeting projected revenue.
Market Diversification. The company will expand distribution network in 2022 to enhance market diversification, increase market share and expand product development.
Market Penetration through innovative marketing. Considering this, Bemax will strategize on promoting its private label products and services on social media platforms. The company will expand its social media marketing as one of the major strategies on imparting awareness about the companys various private label product offerings among target customers on social media channels.
Extensive global marketing - the company will gain traction and increase its customer reach among its target segments.
The company will continue to negotiate new competitive pricing with existing Bemax private label manufacturers
We are pleased with the new interest weve seen this past year and new opportunities for the company that would allow for continuous revenue expansion, stated Taiwo Aimasiko, CEO of Bemax Inc.
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
Bemax Inc.
Atlanta, GA
USA
Tel: 4044808372
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