Form 8-K for DEWMAR INTERNATIONAL BMC, INC.
5-Nov-2015
Other Events, Financial Statements and Exhibits
On December 10, 2014 Dewmar International BMC, Inc. (“the Company’) changed its primary Industry Classification or SIC code from 2080 Beverages to 8741 Management Services to more accurately reflect the Company’s broad portfolio of products and services it manages across various vertical markets.
Dewmar International Brand Management Company, Inc. is a U.S. based brand management services company that specializes in developing or acquiring new products, brands or companies for successful launch or distribution in both national and international markets. Dewmar International’s primary business strategy has been in transforming high profit-margin brands traditionally set for niche consumer markets and making them available to general consumer markets by building a sustainable business growth model. The Company currently manages multiple brands and services across a complimentary set of consumer good categories and Health & Wellness industry verticals.
Additionally, the Company now recognizes it’s secondary SIC code as 7389 Business Services, Not Elsewhere Classified. This new SIC Code designation is the result of a significant portion of the company’s revenues being generated through Fee-For-Service (FFS) agreements entered into with companies in the health care and pharmaceutical industry to provide them with outsourced sales and marketing functions. Fulfillment of these service agreements has been provided by Dewmar International’s subsidiary, Health & Wellness Research Consortium, LLC (HWRC). Upon consolidation of financials with its subsidiary company, HWRC; the majority of Dewmar International’s revenue is now generated from business activity beyond beverage sales.
For history on our SIC Code status, reference the company’s 8K filing on June 25, 2013 which announced the company’s pursuit to update its SIC Code in an effort to better categorize the business with its strategic outlook and business functions. At the time, the company was not allowed to update its SIC Code because its primary source of revenue was from the sales of products and brands classified within the beverage category. As stated above, the more current sources of revenue for the company has broadened beyond beverages and in Management’s opinion, the updated SIC Codes more accurately reflect the company’s current business activity.
Authorized Shares
As of November 5, 2015, the total number of Authorized Shares are 4,500,000,000 with the number of Issued and Outstanding shares currently at 2,426,163,513.
The current float remains at 2,225,613,590 shares with no change reported since March 30, 2014.
b) Not Applicable.
c) Not Applicable.
d) Exhibits
No. Exhibits
99.1 Consolidated Balance Sheet 12-31-14
99.2 Consolidated Cash Flow Statement 12-31-14
99.3 Consolidated Profit & Loss Statement 12-31-14
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com