ATLANTA, GA, May 30, 2018 (GLOBE NEWSWIRE) -- Bemax Inc. (OTC PINK: BMXC), a growing global distributor of Disposable Baby Diapers announced today that it has received a $5.5M buyout offer from BBG Hygiene Products Ltd. The offer by BBG Hygiene Products Ltd buyout offer was received last week. Bemax Inc. officers will call a special meeting immediately to review this offer. Bemax Inc. will consider the merits of the offer to determine if the offer satisfies the greatest long-term shareholder value. 

Bemax Inc. had further discussions with BBG Hygiene Products Ltd executives in the last 28 hours regarding their initial buyout offer. Bemax Inc. wanted clarification of the offer. Bemax Inc. is strongly considering the offer. Bemax Inc. will keep both its shareholders and public completely informed of the entire process this week.

About Bemax Inc.

Bemax Inc. distributes private label Disposable Baby diapers to local distributors in London, South, East and West Africa and other emerging markets. We also source from manufacturers from 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.

About BBG Hygiene Products Ltd.

BBG Hygiene Products Ltd. was set up in the year 2001 and has emerged as a leading diaper manufacturer in China. Company has an estimated annual revenue of over $7 million. The company is on the best diaper brands list and this diaper company has the world’s advanced production machines, which enable this baby diaper manufacturing companies in China to guarantee the quick delivery on client’s orders while control the product’s quality.

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.


For information, please contact:

Bemax Inc.
1100 Peachtree Street NE
Atlanta, GA 30309
Twitter: @Bemax_Inc.
admin@bemaxlnc.com

BBG Hygiene Products Ltd.
Chung Lee
929-412-3436