HOUSTON, TX--(NewMediaWire - Aug 21, 2017) - Dewmar
International BMC, Inc. (OTC PINK: DEWM) is pleased
to announce that it has achieved 24% sequential revenue growth for
the period ended June 30, 2017 as compared to the period ended
March 31, 2017. For the period ended June 30, 2017, Dewmar
International reported revenues of $260,524 as compared to revenues
of $210,215 for the period ended March 31, 2017.
During the second quarter of 2017, Dewmar experienced a one-time
six figure expense related to the application process for medical
marijuana licensure in Louisiana. Also, during this period the
company also incurred a one-time six figure expense related to the
re-launch of Willie's Duck Diner. Without these two major
expenses, Dewmar International would have been profitable for the
quarter.
For full year 2018, Dewmar International projects revenue of
almost $5 million. According to the economic development
coordinator for the City of West Monroe, the industry averages for
restaurants the size of Willie's Duck Diner within the
"restaurant row" corridor just off the Monroe area Interstate 20 is
approximately $4 million annually. The Company anticipates
achieving this number primarily due to an influx of tourists who
plan to visit the new Duck Commander the
Experience exhibit located at the Duck
Commander headquarters less than a mile away from the diner
which is expected to bring in approximately 800 bus visits annually
via the Louisiana Association of Convention & Visitors
Bureaus.
Additionally, for 2018, Dewmar is expecting continued growth
from the Kush Cakes brand, healthcare services and hemp products.
The company is also expecting continued growth in Lean with
additional placement in Walmart stores in the Spring of 2018 which
is the topic of discussion on an upcoming call on September 5th
with the new Walmart Beverage Buyer. In 2018, revenues from the
company's entertainment assets will begin to contribute to overall
revenues with continued growth and accelerated growth from
entertainment assets through 2020.
"I believe $5 million in 2018 annual revenue to be a
conservative projection for Dewmar based upon the multiple business
ventures we've established that are currently producing measurable
revenue streams," says Dr. Marco Moran, CEO of Dewmar
International. "In fact, these projections don't take into account
the possible contributions from future planned acquisitions or the
inclusion of any new medical marijuana licenses or permits that we
are attempting to receive this year for implementation in 2018,"
Dr. Moran concluded.
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a certified service-disabled
veteran business concern, 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 nutritional supplements, such as Lean Slow Motion
Potion™, whose flavors include Yella, Purp and Easta Pink, is rated
as one of the top 3 national selling relaxation drinks in the U.S.
market and Kush Cakes relaxation brownies. The company
has offices in Clinton, MS; Houston, TX; Denver, CO and New
Orleans, LA. Dewmar was rated by the Mississippi Business
Journal in 2015 as one of the State's top 15 publicly traded
companies.
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This press release may contain forward-looking statements within
the meaning of section 27-A of the Securities Act of 1933 as
amended and section 21-E of the Securities and Exchange Act of 1934
as amended. Such forward-looking statements include, but are not
limited to, statements regarding Dewmar's financial position and
business prospects including details on timing, product
distribution, FDA regulation, financing, and market acceptance of
products and statements predicting trends of sales and market
conditions and opportunities in the markets in which Dewmar sells
its products and services.
Such statements involve risks and uncertainties and actual
results could differ materially from the results anticipated in
such forward-looking statements as a result of a number of factors
including, but not limited to, the risk that the manufacturing of
Dewmar's products or services may be delayed or may not be rolled
out as predicted due to technological, market or financial factors
including the availability of necessary working capital, the risk
that the market acceptance and sales opportunities may not happen
as anticipated. Dewmar does not undertake any obligation to update
any such forward-looking statements.
