Item 1.01 Entry into a Material Definitive Agreeme
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Posted On: 05/16/2017 1:39:14 PM
Item 1.01 Entry into a Material Definitive Agreement.
On April 28, 2017 Dewmar International BMC, Inc. entered into a Walmart Grocery Supplier Agreement with Wal-Mart Stores, Inc. This Agreement sparks the launch of Lean Slow Motion Potion into both Walmart Supercenters and Neighborhood Markets across a new three (3) state territory of Texas, Louisiana and Oklahoma.
Over the previous 3 years, the Company had a Direct-Store-Delivery Supplier Agreement whereas its employees or distribution agents had to personally deliver each case of product to the 21 Walmart locations in Louisiana, Arkansas and Mississippi. Now, under the terms of this new Agreement, which covers a larger variety of stores, the Company has been upgraded to a Central Distribution Supplier whereas the Company ships multiple pallets of its product to two different central distribution centers operated by Wal-Mart Corporation, who in turn delivers the products to stores on a daily basis for direct shelf modular placement by Walmart employees.
Dewmar International Board Members have discussed the possibilities of undergoing a significant capital raise, from credible sources not perceived to cause financial harm to the Company, over the upcoming months to assist with massive marketing and promotions efforts associated with the largest chain retailer distribution expansion project in the history of the Company. Furthermore, the Company shall be enlisting the aid of third party marketing agenies in order to provide sampling promotions in all applicable stores and to participate in a vast Walmart Retailtainment program over the next 6 to 12 months. If successful, the Company will solicit to Walmart buyers and senior managers to significantly increase the number of new accounts to additional states for greater brand expansion in a near future meeting set at Walmart corporate headquarters on June 28, 2017.
Item 9.01 Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.
Exhibit No.
Description
10
Walmart Grocery Supplier Agreement (page 1 of 12).
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 16, 2017
DEWMAR INTERNATIONAL BMC, INC.
By: /s/ Marco Moran
Name: Marco Moran
Title: Chief Executive Officer
On April 28, 2017 Dewmar International BMC, Inc. entered into a Walmart Grocery Supplier Agreement with Wal-Mart Stores, Inc. This Agreement sparks the launch of Lean Slow Motion Potion into both Walmart Supercenters and Neighborhood Markets across a new three (3) state territory of Texas, Louisiana and Oklahoma.
Over the previous 3 years, the Company had a Direct-Store-Delivery Supplier Agreement whereas its employees or distribution agents had to personally deliver each case of product to the 21 Walmart locations in Louisiana, Arkansas and Mississippi. Now, under the terms of this new Agreement, which covers a larger variety of stores, the Company has been upgraded to a Central Distribution Supplier whereas the Company ships multiple pallets of its product to two different central distribution centers operated by Wal-Mart Corporation, who in turn delivers the products to stores on a daily basis for direct shelf modular placement by Walmart employees.
Dewmar International Board Members have discussed the possibilities of undergoing a significant capital raise, from credible sources not perceived to cause financial harm to the Company, over the upcoming months to assist with massive marketing and promotions efforts associated with the largest chain retailer distribution expansion project in the history of the Company. Furthermore, the Company shall be enlisting the aid of third party marketing agenies in order to provide sampling promotions in all applicable stores and to participate in a vast Walmart Retailtainment program over the next 6 to 12 months. If successful, the Company will solicit to Walmart buyers and senior managers to significantly increase the number of new accounts to additional states for greater brand expansion in a near future meeting set at Walmart corporate headquarters on June 28, 2017.
Item 9.01 Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.
Exhibit No.
Description
10
Walmart Grocery Supplier Agreement (page 1 of 12).
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 16, 2017
DEWMAR INTERNATIONAL BMC, INC.
By: /s/ Marco Moran
Name: Marco Moran
Title: Chief Executive Officer
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