DALLAS, GA--(Marketwired - January 25, 2017) - Bemax Inc. (OTCBB: BMXC), a growing global distributor of Disposable Baby Diapers, is pleased to announce today its CEO,
Taiwo Aimasiko, has voluntarily retired 150,000,000 Common Shares of the Company's Stock for 50,000,000 Series "B" preferred
shares effectively reducing the total issued and outstanding common shares by 33.21%.
Every three shares of common stock retired is exchanged for one share of the Series "B" preferred stock.
"By retiring 150 million common shares we instantly create additional value to the shareholders & health of the company. The
return of these shares demonstrates management's desire to maintain a capital structure that supports growth without resorting to
the increasing of our authorized shares. This is an integral part of Bemax Inc.'s long term corporate strategy," said Taiwo
Aimasiko, CEO of Bemax Inc.
"At Bemax, we continue to commit to growth-oriented approach to enhance shareholders value and confidence as we execute plans
that would support projected sales targets," stated Bemax CEO, Taiwo Aimasiko.
This press release is in reference to the 8K document filed with the SEC on January 24, 2017.
About Bemax Inc.
Bemax Inc. exports and distribute Disposable Baby Diapers from U.S. to emerging markets in Africa and Europe. We also export
our private label brands from manufacturers in Asia and distribute to other growing markets. Bemax focuses on an extensive and
far-reaching global network among wholesalers, large discounting retailers and supermarkets as well as entry into the ecommerce
arena to reach households directly through subscription orders. We focus to supply our clients with disposable baby diapers from
manufacturers in North America where quality is superior. Please visit the company website at www.bemaxinc.com.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects,"
"potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements
involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from
any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to
enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing
customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability
to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public
market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the
company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update
forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are
made.