Bemax Inc. (OTC:BMXC) Stock Extends Rally: Here is Why

The private label development company Bemax Inc. (OTC:BMXC) is involved in the development of women’s hygienic sanitary products and disposable diapers. On Wednesday, the company was in focus after it announced that it was in supply- and partnership-related talks with Quanzhou Zhengda Daily Use Commodity Co., Ltd. The aim of any collaboration would be to boost the production and supply capacities of Bemax.

Additionally, it would also be aimed at enhancing the company’s capability of meeting the demand for the new brands of private label disposable offerings that it would be launching soon. If the two entities reach an agreement for collaboration, then it would secure factory engagement, reliable availability, and timely delivery of the private label products of Bemax to customers located in the United States. It would also work on making deliveries to the global distribution channels. The engagement is meant to further boost the company’s supply capacity.

It has been an eventful week for Bemax so far, given that there was another significant development on January 22. The company announced at the time that it had managed to complete its registration with the United Nations Global Marketplace (UNGM) as a level one supplier. It was a major new development for the company since UNGM is the official procurement unit of the United Nations and helps connect suppliers with the United Nations marketplace.

Following the registration, Bemax became eligible and registered to receive notifications from the UNGM for quotation requests and other things. The company would get the necessary notifications with regards to United Nations procurement opportunities which would be based on offerings from Bemax. Any potential contract that the company wins through the marketplace is expected to command a valuation of a maximum of $500,000. It remains to be seen if the stock comes into focus among investors today.