Dewmar International BMC, Inc. (DEWM) Reports 45% Growth in Year-Over-Year Revenue
27 March 2018 - 10:26PM
InvestorsHub NewsWire
Houston, TX -- March 27, 2018 -- InvestorsHub NewsWire
-- Dewmar International BMC, Inc. (OTCPINK: DEWM)
is pleased to announce that it has achieved 45.24% year-over-year
revenue growth for the period ended December 31, 2017 as compared
to the period ended December 31, 2016.
For the year ended December 31, 2017, Dewmar International
recorded revenues of $1,151,838 on gross profit of 42% as compared
to revenues of $630,800 on gross profit of 36% for the period ended
December 31, 2016.
During the second quarter of 2017, Dewmar experienced a one-time
six-figure expense related to the application process for medical
marijuana cultivation licensure in Louisiana. During the same
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, that could
yield significant future earnings, Dewmar International would have
been profitable for the quarter.
In fact, Willie’s Duck Diner generated annual revenues
of $342,287 for the company on four months of operations with
its Grand Opening occurring on September 7, 2017.
Total Assets on Dewmar’s balance sheet improved to $4,738,111
with notes receivables equaling $3,316,354.
Additionally, Dewmar continued to see brisk sales of its popular
branded Kush Cakes, hemp infused brownies and Lean Slow Motion
Potion with volume orders received from wholesalers in the
convenience store and smoke shop distribution channels.
Dr. Marco Moran, CEO of Dewmar International, commented, “Our
increased year-over-year revenue is reflective of our strong
consumer brand line-up, successful introduction and expansion of
Kush Cakes and our ability to monetize the brand equity established
by Willie’s Duck Diner by making this international
dynasty one of the most popular tourist destinations in the
Southern U.S.” Dr. Moran continued, “We are excited about the
outlook for 2018 and project building on the success we had in
increasing year-over-year revenues in 2017, especially since we
don’t have any plans for any major revenue expenditures this year.”
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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CEO is inclined to provide information, sometimes on a daily basis,
about some of the Company's current activities and key staff
activities. Also, subscribe to our Company Newsletter on
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Investment & Company
Information: InvestorRelations@DewmarInternational.com
Investor Relations 877-747-5326 Info@DewmarInternational.com
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