$BMXC. Major purchase orders and retirement of Common Stock by CEO!!
Current Price - .0013
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Bemax Inc. (OTCBB: BMXC), a growing global distributor of private label disposable diapers, is pleased to announce today its CEO, Taiwo Aimasiko, has voluntarily retired 40,000,000 Common Shares of the Company's Stock for 40,000,000 Series "C" preferred shares, effectively reducing the total issued and outstanding common shares by 9.3%... These preferred are locked up for 1 years time.
Bemax Inc. (OTCBB: BMXC), a growing global distributor of disposable diapers, is pleased to provide business operations update, and revenue projections for full fiscal year 2017 and 2018 respectively.
The extensive global marketing outreaches embarked upon by the company throughout last year has positioned the company to project revenue increase of over 100% for current quarter compared to same period of last year. The same increase is projected for the fiscal year end of May 31, 2018.
Financial Outlook
Full Year 2018 - Bemax Inc. revenue outlook is projected to a range of $1.5million to $2.2 million with estimated net profit margin in the range of $200,000 to $440,000.
Current Quarter and Full Year 2017(Fiscal Year End - May 31, 2018)
Total revenue in the current third quarter for period ending February 28, 2018 is projected to be in the range of $150,000 to $200,000. For fiscal year end of May 31, 2018, revenue is projected to be in the range of $500,000 to $600,000 which would be a growth rate of 246% to 315% compared to year ended May 31, 2017.