Bemax, Inc. (OTCQB: BMXC) is engaged as a development-stage distribution company, which specializes in disposable baby diapers. Shares of the distribution company are rallying 17.10%, through afternoon trading on Wednesday, April 12, 2017. Over the past month, Bemax, Inc. has seen average daily volume of 7.32 million shares. However, volume of 2.15 million shares or dollar volume of $32,250, has already exchanged hands on afternoon trading Wednesday.
Shares of Bemax, Inc. is gaining Wednesday, after the company announced it has expanded its online sales footprint. Aside from selling diapers through Amazon.com, Inc. (NASDAQ: AMZN), the company now sells its products through its own online store, Shopify, Amazon UK, and more. Here is the full press release detailing of the expanded online sales initiative:
Bemax, Inc. Press Release:
DALLAS, Ga., April 12, 2017 (GLOBE NEWSWIRE) — Bemax Inc. (BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce that in addition to online sales through Amazon, it has begun sales of its private label disposable diaper on its website, www.bemaxinc.com/webstore.
Bemax will extend sales of its private label to other online selling platforms, including Shopify and Amazon UK, to support and extend online sales to other markets outside the U.S. Bemax will continue to source for viable financing to fund inventory, distribution, and marketing as we extend our online sales and manufacturing network to provide opportunities for competitive pricing to our customers.
We shall start shipment of our private label disposable diaper to customers this week.
“We have received encouraging orders from customers; we expect strong online customer demand to continue in the coming months as we continue to exceed our estimates at launch. We expect to meet our projected sales targets as we continue to implement our strategic plans to enhance shareholders’ value and confidence,” said Taiwo Aimasiko, CEO of Bemax Inc.
About Bemax, Inc.
Bemax Inc. exports and distributes Disposable Baby Diapers from the U.S. to emerging markets in Africa and Europe. We also export our private label brands from manufacturers in Asia and distribute to other growing markets. Bemax focuses on an extensive and far-reaching global network among wholesalers, large discounting retailers and supermarkets as well as entry into the ecommerce arena to reach households directly through subscription orders. We focus on supplying our clients with Disposable Baby Diapers from manufacturers in North America where quality is superior. Please visit the company website at www.bemaxinc.com.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.