Dewmar International BMC Analyst Report with Focus on Recent Events, by BrokerBank Securities, Inc.
7:00a ET March 3, 2014 (PR NewsWire) Print
Dewmar International BMC, Inc. (OTCQB: DEWM) February has been a busy month for DEWM, a veteran owned business enterprise. The Company's flagship product, Lean Slow Motion Potion(TM) 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 entered into significant business relationships, consultant agreements and medical discussions intended to leverage the explosion in the national popularity of both the industrial hemp and medical marijuana industries. This has led to Dewmar's formation of a wholly-owned subsidiary, U.S. Hemp Corporation, Inc. in order to launch a series of hemp-based products. The company has received certification as a Service-Disabled Veteran-Owned Small Business Concern (SDVBOC) and entered into a distribution agreement for hemp based iced tea.
In a February 6th radio interview on "The Stock Radio", CEO Dr. Marco Moran addressed the drop in revenue that DEWM experienced in 2012 and 2013. In 2011 the company had sales of $1.36 million, in 2012 $521 thousand and down to approximately $250 thousand for fiscal y/e 2013. The niche market DEWM enjoyed in relaxation beverages has become saturated with competitors in the past 2 years giving consumers a wider variety of less expensive choices. Dr. Moran outlined a two pronged approach to creating revenue and profits for 2014. The first step is to move the distribution of the company's relaxation beverages into larger distributors such as Wal-Mart and moving away from the smaller, specialty retailers. The second step, outlined in the radio interview, was the partnerships within the hemp industry to develop and market hemp/marijuana based beverages.
