Reason for late filing?? Investor Relations
Dewmar International Brand Management Company Incorporated (hereby referred to as “Dewmar”) is a fully reporting, publicly traded company on the Over-the-Counter Bulletin Board (OTCBB) and Over-the-Counter Markets (OTCQB) trading format. Its ticker symbol is DEWM, the first four letters in the company’s name. Dewmar’s primary SIC number and Industry Classification is 8741 for Management Services. Although Dewmar’s first successful project included the national launch of the niche functional dietary supplement, Lean Slow Motion Potion, which has since grown internationally; the Company admits that its origins of establishment is reflective in its descriptive name “Brand Management Company.”
In short, Dewmar International Brand Management Company, Inc. is a U.S. based brand management services company that specializes in developing or acquiring new products, brands or companies for successful launch or distribution in both national and international markets. Dewmar International’s primary business strategy has been in creating high profit-margin brands traditionally set for niche consumer markets and doing one of two things (1) making those brands more accessible to a more mainstream consumer market by building a sustainable business growth model or (2) driving sales deeper vertically into existing niche consumer markets to capture greater market share within those already highly profitable niche areas. The Company may elect to inherently acquire, license, contract and/or merge with business entities within any industry classification as long as if it is ultimately deemed as a positive strategic business decision.
Dewmar International BMC, Inc. has elected Malone Bailey, LLP of Houston, TX as its third party auditing firm. Malone Bailey, LLP will audit the consolidated balance sheet of the Company and the related consolidated statements of operations, stockholders’ equity, and cash flows for the year then ended. The objective of an audit of the consolidated financial statements is to express an opinion on the financial statements in accordance with generally accepted accounting principles accepted in the United States (GAAP). Malone Bailey’s audit of the financial statements will be conducted in accordance with the standards established by the Public Company Accounting Oversight Board (PCAOB) and will include tests of the Company’s accounting records and other procedures they consider necessary to enable them to express their independent opinion. They will plan and perform the audit of the financial statements to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether from (a) errors, (b) fraudulent financial reporting (c) misappropriation of assets, or (d) violations of laws or regulations that are attributable to the entity or to acts by management or employees acting on behalf of the entity.
SEC Filings – Public Trading
The audit will include examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, their audit will involve judgment about the number of transactions to be examined and the areas to be tested. Their procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, tests of physical existence of inventories, and direct confirmation of certain assets and liabilities by correspondence with selected customers, creditors, and financial institutions. In connection with their audit of the financial statements, they will obtain an understanding of internal control sufficient to plan the audit and to determine the nature, timing and extent of audit procedures to be performed. At the conclusion of their audit, Dewmar agrees to provide certain representations from management about the Company’s financial statements and related matters.In conjunction with the annual audit, Malone Bailey will also perform reviews of the Company’s unaudited quarterly financial information for the June 30, 2013 and September 30, 2013 quarters in the year ending December 31, 2013 and the four quarters in fiscal 2014. For the first three quarters, they will perform reviews of that information before the Form 10-Q is filed. The objective of a review is to provide a basis for communicating whether there are any material modifications that should be made to the interim financial information for it to conform with GAAP. These reviews will be conducted in accordance with the standards of the PCAOB. A review of interim financial information consists principally of performing analytical procedures and making inquiries of persons responsible for financial and accounting matters.
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