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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Investment & Company Information: InvestorRelations@DewmarInternational.com

 

Investor Relations 877-747-5326 Info@DewmarInternational.com
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