Beverage company Dewmar International BMC Inc. (OTCQB: DEWM) announced Mar. 19 that it has exceeded its original projection of 300% revenue growth for Q1-2014 compared to Q4-2013 by 250% with roughly two weeks remaining in the quarter.
Dewmar experienced a significant increase in Lean Slow Motion Potion sales after fulfilling a number of purchase orders from repeat customers. In a February 5, 2014 press release, the Houston-based company projected that it should see at least a 300% increase in sales compared to previous quarter. As of today's, date the previous quarter comparison stands at a 550% increase.
A Positive Start
“This is a very positive start to our 2014 year as we have shattered our aggressive 1st quarter growth projections that we set at the beginning of the year," said Marco Moran, chief executive of Dewmar International. “The number would have actually been larger had we been able to fill two additional purchase orders, as we ran out of product due to a production run glitch at our new bottler that created a shortage in our largest batch run in over a year. These unfilled orders simply give us a head start on Q2-2014 earnings,” Moran continued.
In order to remedy new beverage production facility manufacturing issues on future batches, Dewmar has begun negotiations with another bottler in a region much closer to most of its repeat customers. This move should reduce the Company's shipping costs thus improving profitability. With Dewmar expecting to launch Kush Cake brownies in the second quarter, along with other potential hemp-based consumable goods later in the year, Dewmar appears to be on pace to far surpass our original revenue expectations for 2014.
DEWM’s share price closed at 3 cents, unchanged from its closing price of the previous day, on volume of 90,513,108 shares.
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No Update on BreedIT’s
In other news, BreedIT Corp.’s (OTCQB: BRDT) volume soared Mar. 20, with more than 1,538,194 shares changing hands, 2.4 times greater than its three-month average volume of 635,479 shares.
There’s no telling what is fueling the sudden surge in stock volume.
The last news made by the company was on Feb. 11 when the once online gaming company turned agro-breeding solutions software maker for medical-marijuana growers announced it was putting its focus on this sector.
The New York-based BreedIT said at the time it was under advanced negotiations with an unnamed company in Israel.
According to the release, this anonymous customer is “developing a new medical device for the medical Cannabis market. The medical device maker is considering a purchase of BreedIT's licensed technology to help determine which Cannabis varieties are better suited for use with its new medical device.”
No Real Specifics
While these days any release with the word marijuana in it is enough to fuel some activity, BreetIT’s release was disappointing at best. It offered no specifics other than an unnamed company and a general notion that the onetime online gaming company might license this company some new kind of software that will help it choose the best breed of medical marijuana.
However if you want some financial specifics about BreedIT, the best you will get is its last released income statement, which shows the company lost $349,000 as for the 12-month period ending Dec. 31, 2012.
On Mar. 20, BRDT 's share price closed at 83 cents, down 5 cents from its closing price of 88 cents the previous day.
Find out what could be the best investor's move when it comes to BRDT by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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