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Friday, October 7, 2022

Todays Equity Focus is Dewmar International BMC Inc (OTCMKTS:DEWM)

Dewmar International BMC Inc (OTCMKTS:DEWM) seems to have formed a nice base around the $0.002 level since a small run-up fizzled out in April.

DEWM has a long history of making explosive moves between $0.001 and just under a penny a share. The biggest move on DEWM came in early 2014 when it ran from $0.0001 to highs of $0.0334.

Dewmar International BMC Inc (OTCMKTS:DEWM) is a brand management services company that specializes in developing, acquiring and/or licensing new products and brands for successful launch or distribution in both national and international markets.

DEWM flagship brand is Lean Slow Motion Potion; a premium carbonated soda made with pharmaceutical grade herbs and syrup-based flavors that comes in Yella, Purp and Easta Pink. The brand has quickly become one of the top 3 selling relaxation brands in US out of over 100 brands currently on the market.

Since inception Lean Slow Motion Potion has grossed well over $5 million and has been distributed and sold in 28 states and 3 countries, with successful continuous online sales.

DEWM recently announced the acquisition of U.S. Hemp Corporation as a wholly-owned subsidiary for the purpose of holding and marketing the future hemp related assets of the Company.

Dewmar also signed a one year exclusive distribution agreement with C+Swiss, the original and first hemp-based ice tea ever distributed in the United States and distributed in over 10 countries.

In an email to shareholders DEWM said the King of Pot, Bruce Perlowin, has been announced as the official endorser for the upcoming launch of Kush Cakes.Bruce has a long history in the cannabis industry and gained celebrity status when he was featured as the ‘King of Pot’ by CNBC in its record breaking documentary, Marijuana Inc.

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DEWM CEO Dr. Marco Moran is a serious mover and shaker and taking this young Company places fast. Dr Moran, who is a registered pharmacist, has been operating in the drinks business for years with a number of successful product launches. Dr. Moran holds graduate degrees in Business Administration and Pharmaceutical Science from the University of Louisiana at Monroe and he is also a former U.S. Naval Officer and a former US. Olympian.

In August DEWM announced the Company’s CEO, Dr. Marco Moran, will be providing the part 2 of the Hemp Report series originally released in March 2015. Furthermore, the Company announces that it recently reviewed its 2013 – 10K filings and has made plans to release those financials within the next 4 business days.

CEO Dr. Marco Moran said “Our executive staff has taken extensive action and spent many hours over the past several months interviewing a number of accounting firms that can assist us in getting our financial reporting completed swiftly, yet accurately so that we can become current as soon as possible. The dynamics of our corporation has changed tremendously – for the better – since our last financial report. “We believe that our investors will be pleased with the financial results and transparency that we are diligently working towards as we anticipate to be current and fully reporting by the Q1, 2016 filing period and releasing the financial reports as they are completed; starting with the 2013 – 10K this week.”

On June 22 DEWM announced it shall provide its investors with an in depth review and discussion of key elements of the most recent filing of its Quarterly Report with the Securities and Exchange Commission on Form 10-Q for the quarter ended March 31, 2014.

Dewmar has engaged MaloneBailey, LLP, a PCAOB accredited accounting firm, to audit and review its current and all future financial statements to-date. Dewmar plans to file its 1934 Act periodic reports, namely Form 10-Q and Form 10-K, with audited financial statements as soon as they become available from MaloneBailey.

Highlights for Period ending March 31, 2014 as compared to Prior Year:

  • Net revenue increased 42%
    The Company generated a gross profit of 61%
    Increase in Cash & Cash Equivalents by over 2,100%
    Operating expenses decreased 25%. The overall decrease in operating expenses resulted primarily from decreases in stock based compensation arrangements
    Contract labor costs decreased 88%

 

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Currently trading at a $4.8 million market valuation DEWM has minimal cash, significant debt that has resulted in massive dilution in the past and small but fast growing revenues. DEWM is an exciting story developing in sub penny land led by Dr. Marco Moran; the Company is working hard behind the scenes as evidenced by the growth in sales. We will be updating on DEWM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with DEWM.

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Disclosure: we hold no position in DEWM either long or short and we have not been compensated for this article.

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