Bemax Inc (BMXC)

[INTHEKNOW1]

Tuesday, January 31 2017 10:00 AM, EST Bemax Inc. Receives New Purchase Order for $1.1million Deliveries Starting in February 2017 to Be Completed in May 2017 Marketwire   "Press Releases"
DALLAS, GA -- (Marketwired) -- 01/31/17 -- Bemax Inc. (OTCBB: BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce today that it has received an $1 .1milion purchase order for the supply of its private-label Disposable Baby Diaper from an existing client, a major distributor of the Disposable Diaper in the emerging South and East African markets.
This new purchase order resulting from the long-term supplier agreement filed on November 16, 2015 is the first tranche of purchase order in 2017, with Bethel Imports paying for each consignment before shipment by Bemax . Bemax expects to complete shipment of this order in Q4 2016, which set the company on track to meet its projected revenue for the current fiscal year.
"We continue to commit to our growth and marketing strategies in the emerging markets through competitive pricing, quality products, and lower overhead costs," said Taiwo Aimasiko, CEO of Bemax Inc. "This demonstrates commitment to our strategic plan to enhance and sustain shareholders' value and confidence in 2017 and beyond. The size of this purchase order clearly reaffirms the quality of our private-labels and eliminate the need for financing."