HOUSTON, TX-(NewMediaWire - Jun 28, 2017) - Dewmar
International BMC, Inc. (OTC PINK: DEWM), a diversified
brand management and operating company that conducts business
across variegated industry sectors, announced today the retirement
of over 100 million outstanding shares of common stock.
After a series of discussions with a number of longstanding
shareholders of Dewmar stock, the company successfully negotiated
through a series of private transactions the retirement of these
shares on June 27, 2017. This action will improve the capital
structure of the Company and overall shareholder value.
CEO Dr. Marco Moran stated, "The return of these shares to
the treasury instantly adds value to our shareholders and
demonstrates our commitment to our loyal shareholder base while
maintaining a strong and healthy capital structure. Furthermore,
the definitive retirement of these significant amount of shares
shall be reflected on Dewmar's upcoming quarterly report and it
will cause a retroactive improvement of the Q1 2017 financials,"
Dr. Moran continued.
This was the first of multiple attempts that Dewmar will be
actively pursuing to retire outstanding shares and to tighten up
the float as much as possible. For investors who have followed
Dewmar since Q1 2014, they may recall that this stock PPS soared to
3.3 cents, trading over 5.6 billion shares within that narrow
period. "Back then, our only revenue source was from beverage
sales; since then, we have generated close to $10 million in
revenue from healthcare and numerous other product sales; our
revenue portfolio is extremely synergistically diverse, plus we
have started doing serious business with the world
renowned Willie Robertson," Dr. Moran exclaimed with a
sheepishly boyish grin.
The point that Dr. Moran is trying to make is that the float is
basically the same today as it was then, but the Company is now
self-sustainable, has no toxic financing and has no debt tied to
harmful outlays of stock compensation. The Company's executives
expect a significant growth curve for not just the remainder of
this year but for years to come. Additionally, the Company is
targeting another 400 Million shares for return to the Company's
treasury, which is the variance between the O/S GAAP vs. O/S Shares
Non-GAAP that appears in the Company's most recent Annual
Report.
The company's Board of Directors approved the retirement
transaction this morning after receiving written confirmations on
yesterday from the involved shareholders. Furthermore, the Board
wants its existing and future shareholder base to take notice of
the following key FACTS about the Company:
- In Q1 2014, over 5.6 Billion shares traded above 1 cent
reaching a high of 3.3 cents.
The company has basically the same float today that it had in Q1,
2014 when the stock traded above 3 cents.
The company has had NO new convertible debt financing since
2013.
The company has positive cash flow and has self-funded operations
since 2014.
The company has not issued any additional shares of stock for any
capital fund raising since 2014.
As of March 31, 2017, the company has $3.8 million is assets on its
balance sheet, not including its market cap.
Company leadership continues to show long-term interest in the
success of the business:
- The CEO has not taken any salary from the Company since 2015,
even then it was not the full annual salary
The CEO has NEVER liquidated any of his controlling shares or
Common Stock
No executive salary compensation shall exceed $25,000 until
specific Company goals are met
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a Veteran-owned, new product
development, manufacturing and brand management company.
Established in 2003, Dewmar's primary business strategy has been in
creating high profit margins with functional foods and beverages,
as well as introducing new simple yet meaningful innovations to
markets of great demand. The Company's flagship product, Lean
Slow Motion Potion, has the longest history of any relaxation
beverage carried by Walmart stores. The company has
offices in Clinton, MS; Houston, TX: Denver, CO and New Orleans,
LA.
Follow Dewmar on its
official Facebook and Twitter sites where the
CEO is inclined to provide information quickly, sometimes on a
daily basis before or if it ever hits the market wires, about some
of the Company's current activities and key activities.
Also, subscribe to our Company Newsletter on the
bottom right corner of our homepage to receive updates as well.
Click here for the Safe Harbor Statement.