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Replies to post #129912 on Dewmar International BMC Inc (DEWM)
Lean Slow Motion Potion (LeanSMP) has successfully completed its 3rd full year in Walmart stores. Lean currently is still the longest standing relaxation drink on the shelves in the history of Walmart. We recently received approval from our assigned Walmart Beverage Buyer for expansion into approximately 150 Walmart locations in the central Texas area for proposed execution in 2016. A critical factor in Walmart approving the expansion of LeanSMP was Dewmar’s demonstrative ability to provide the requisite merchandising and marketing support to achieve projected sales goals. Dewmar has budgeted a minimum of $100,000 to invest in targeted marketing across social media advertising, radio ads, in-store samplings and brand awareness campaigns. This targeted marketing strategy follows the business’s strategy to saturate brand awareness and product availability in a defined geography and allow Consumer demand to pull our branded products into new markets.
On December 10, 2014 Dewmar International BMC, Inc. (“the Company’) changed its primary Industry Classification or SIC code from 2080 Beverages to 8741 Management Services to more accurately reflect the Company’s broad portfolio of products and services it manages across various vertical markets.
Dewmar International Brand Management Company, Inc. is a U.S. based rand 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 transforming high profit-margin brands traditionally set for niche consumer markets and making them available to general consumer markets by building a sustainable business growth model. The Company currently manages multiple brands and services across a complimentary set of consumer good categories and Health & Wellness industry verticals.
Additionally, the Company now recognizes it’s secondary SIC code as 7389 Business Services, Not Elsewhere Classified. This new SIC Code designation is the result of a significant portion of the company’s revenues being generated through Fee-For-Service (FFS) agreements entered into with companies in the health care and pharmaceutical ndustry to provide them with outsourced sales and marketing functions.
Fulfillment of these service agreements has been provided by Dewmar International’s subsidiary, Health & Wellness Research Consortium, LLC (HWRC). Upon consolidation of financials with its subsidiary company, HWRC; the majority of Dewmar International’s revenue is now generated from business activity beyond beverage sales.
With regard to re-establishing current filing status for the company with the SEC, plan projections from our third-party accounting firm estimate project completion of our full year 2015 and Q1-2016 audited financials by the end of April 2016. Looking forward, we’ve brought on additional resources to manage bookkeeping administration to help ensure we remain current with all of our required filings.
Conclusion
Dewmar International prides itself on focusing on the long term success of the Company. As evidenced by our several accomplishments during the year, the entire Team here at Dewmar International has been working vigorously towards delivering results against our 2015 strategic plan. With the Team’s
primary focus on tactical execution, administrative functions such as financial audits had been delayed earlier in the year. Again, we’ve addressed this by adding additional resources to complete the audit work and we project completing by April 2016.
