$BMXC Bemax Inc. Announces Removal of "Shell Risk"

$BMXC Bemax Inc. Announces Removal of "Shell Risk" Designation by OTC Markets.

https://www.otcmarkets.com/stock/BMXC/news/Be...?id=446234

Dallas, Georgia July 9, 2024 Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and womens hygienic sanitary products, is pleased to announce that the "Shell Risk'' flag from the company's landing page on the OTC Markets Group Inc. ("OTC Markets'') has been removed.

As required by OTC Markets, we filed a supplemental filing on July 5, 2024, stating we were no longer a Shell Risk Company following the posting of our fiscal year financial results for the year ended May 31, 2024, with revenue of over 600% year over year.

We had a strong fiscal year compared to the year prior, and I am pleased that we have now been able to start proving our business model and experiencing growth in our revenue. Our distribution networks are expanding, and our sales are growing, said Taiwo Aimasiko, CEO of Bemax. This is part of our continuing effort to strengthen our balance sheet and demonstrate our commitment to our customers, distributors, and shareholders.