Dewmar International BMC Inc (OTCMKTS:DEWM) today announced that they added more healthcare companies to its PREP program and traders are licking their chops. The stock is up 70% today on the news. DEWM’s Profit Reinvestment Program (PREP) was formed in 2015 to mark up to $4,000,000 in retained earnings towards a series of business opportunities with the objective of creating various revenue buckets.
PREP™ Investments focused primarily on three sectors; these are: (1) Healthcare Services/Technologies (2) Healthcare Real Estate and (2) Entertainment/Media Investments. DWEM outlined how the money would be spend in the healthcare sector for part 1 of the PREP program.
Dewmar International BMC Inc (OTCMKTS:DEWM) invested in multiple healthcare real estate projects. First, the S&K Mainstay Hotel, LLC is a real estate investment in a medical practitioner-led hotel project in Hattiesburg, MS intended to provide housing and care for terminally ill patients.
The second project is Dewmar Health RA, a real estate venture whereby DEWM acquires existing buildings and leases them for medical use. The initial project in this venture was the acquisition of a property located at the address of 1001 Hwy. 80 E, Clinton, MS. The property was immediately rented to Merit Health System of Mississippi; a healthcare network that has approximately 6 hospitals, 36 clinics, 2,300 licensed beds, 2,500 physicians and more than 53,000 admissions each year.
The company’s CEO Dr. Marco Moran has been working out an additional deal that would transfer all pain management patients and provide c-arm lumbar pain surgical procedures for Merit Health Center. In addition, new talks are also looking at adding telemedicine.
Dr Moran stated, “Health & Wellness Research Consortium (HWRC), a wholly owned subsidiary of Dewmar, has been seeking a qualified spine surgeon for hire to complete the contract request whose backlog of procedures can provide over $1 million in annual referral fees to HWRC.”
Dr. Moran also added, “I am hopeful that my discussions with Merit Health will result in a much needed medical procedure which will be made available almost immediately to hundreds that are suffering from debilitating back pain just in the Merit Health service area alone. Furthermore, Dewmar is seeking a practitioner for the implementation of a Suboxone opiate addiction therapy center at one of its clinic sites. Currently there is a backlog of untreated patients within the state of Mississippi.”
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Last month, DEWM announced it was invited by Walmart to be one of 16 diverse suppliers to participate in The Shops at ESSENCE during The 2017 Essence Music Festival. “We are excited to report that thousands of consumers tasted our Kush Cake brownies and Slow Motion Potion beverage samples, which drove significant point-of-purchase sales,” commented Dr. Marco Moran, CEO of Dewmar International. “Our promotional models and corporate staff handed out branded swag items in the form of logo cups and Lean/Kush Cake ‘Do Not Disturb’ door hangers with discount coupon codes for future online sales,” Moran continued.
According to the company, it acts as a diversified operating company headquartered in Clinton, MS with additional offices in New Orleans, LA; Denver, CO and Houston, TX.
DEWM has business lines in consumer goods, healthcare and content media. DEWM and its subsidiaries develop, market and distribute goods, therapeutics and services in national and international markets through licensing agreements, e-commerce platforms, fee-for-service arrangements and distribution contracts. The Company’s largest retail customer is Wal-Mart Stores, Inc.
Dewmar International BMC Inc (OTCMKTS:DEWM) is currently trading Currently trading at a market capitalization of $40.72M, but the company has little cash and heap of liabilities. Yet, the top-line growth is worth staying tuned. We are watching this company and will be providing updates soon. For continuing coverage on shares of $DEWM stock, as well as our other breakout stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in DEWM either long or short and we have not been compensated for this article.