Dewmar International BMC, Inc. (OTCQB: DEWM) (OTCBB: DEWM) ("Dewmar" or "Company"), a leading provider of consumer brands to global markets, announced today that the Company has exceeded its original projection of 300% revenue growth for Q1-2014 compared to Q4-2013 by 250% with roughly two weeks remaining in the quarter. Dewmar experienced a significant increase in Lean Slow Motion Potion sales after fulfilling a number of purchase orders from repeat customers. In a February 5, 2014 press release, the Company projected that it should see at least a 300% increase in sales compared to previous quarter. As of today's, date the previous quarter comparison stands at a 550% increase.
"This is a very positive start to our 2014 year as we have shattered our aggressive 1 st quarter growth projections that we set at the beginning of the year," said Dr. Marco Moran, CEO of Dewmar International. "The number would have actually been larger had we been able to fill two additional purchase orders, as we ran out of product due to a production run glitch at our new bottler that created a shortage in our largest batch run in over a year. These unfilled orders simply give us a head start on Q2-2014 earnings," Dr. Moran continued. "Additionally, Dewmar saw a significant increase in its online sales orders for Q1-2014."
In order to remedy new beverage production facility manufacturing issues on future batches, Dewmar has began negotiations with another bottler in a region much closer to most of its repeat customers. This move should reduce the Company's shipping costs thus improving profitability. With Dewmar expecting to launch Kush Cake brownies in the second quarter, along with other potential hemp-based consumable goods later in the year, Dewmar appears to be on pace to far surpass our original revenue expectations for 2014.
About Dewmar International BMC, Inc .
Dewmar International BMC, Inc. is a leading provider of consumer brands to global markets. The Company's flagship product, LEAN SLOW MOTION POTION 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 offices in Clinton, Mississippi; Las Vegas, Nevada and Houston, Texas.
For more information about the Company please visit www.DewmarInternational.com . If you are a distributor or retailer inquiring about purchasing product for resale, please contact call 1-877-SIP-LEAN or 1-877-747-5326. If you are an Investor please send email correspondence to InvestorRelations@DewmarInternational.com
For media inquiries, please e-mail Eric@FischTankPR.com
Safe Harbor Statement
This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, general economic conditions and the impact of competitive pricing. In light of these uncertainties, the forward-looking events referred to in this release might not occur.
CONTACT :
Dewmar International BMC, Inc.
www.DewmarInternational.com
1-877-SIP-LEAN or 1-877-747-5326.
InvestorRelations@DewmarInternational.com
FischTank PR
http://www.fischtankpr.com/
Eric Fischgrund
For media inquiries, please e-mail eric@FischTankPR.com
SOURCE: Dewmar International BMC, Inc.
Source: eTeligis (March 19, 2014 - 8:11 AM EDT)
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