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Thursday, October 29, 2020

Trimax Corp (OTCMKTS:TMXN) Seeing Surge on Revenue Boost

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Trimax Corp (OTCMKTS:TMXN) is seeing a surge in trading today. The beauty care company is holding gains of +40% and seeing back to back days of significant volume. TMXN has yet to see the highs its see in May, but the company is back to being relevant on some recent news.

TMXN announced an expansion of their body care line last week and then released gross revenue numbers that saw quarter over quarter increases of 62%.

Trimax Corp (OTCMKTS:TMXN) through its wholly owned subsidiary, Saavy Naturals Inc., offers a complete line of Natural Skin Care products, which includes body creams, body scrubs, body wash, shampoos, conditioners, handcrafted soaps, bath bombs, bath salts and candles. Saavy Naturals products are 100% natural, vegan, gluten-free, soy free, cruelty-free, non-GMO, and food-grade. Currently, Saavy Naturals can be found in some of the largest natural retail stores and exclusive boutiques and spas across the nation. Some of the retailers include Whole Foods Market in the Northeast and Southern California regions, Gelson’s Market, Vitamin Cottage, Bristol Farms, Erewhon, and Lazy Acres.

Founded in 1951, Gelson’s currently operates 25 full-service specialty market stores in Southern California. Each Gelson’s Market features the full amenities of a traditional supermarket, with the local flavor of a neighborhood market, mixed with high quality specialty items. Their high standards – for quality, value and freshness; unsurpassed service; and attention to detail – define the ultimate specialty grocery and market shopping experience. With over 60 years of experience, Gelson’s in-house experts know Southern California’s lifestyle and are driven to find only the best foods, items and exclusive values for their customers. Gelson’s is particularly known for flavorful, hand-selected produce, the best and freshest cuts of meat and seafood, and Chef-prepared signature recipes. This experience is rounded out by professionally designed floral arrangements, and a convenient selection of the highest quality specialty grocery items in an immaculate setting and presentation.

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To dive into the numbers, TMXN saw gross revenue increase from $167,685 in Q1 2017 to $272,386 in Q2 2017, resulting in a quarter-over-quarter increase of 62%. The Company also saw sales increase from $113,634 to $272,386 resulting in a 140% increase in their second quarter year-over-year revenues. Year-to-date, the company has experienced a 44% jump in sales going from $305,021 to $440,071 in gross revenues.

Hugo Saavedra, CEO of Trimax Corporation and Saavy Naturals Inc., stated, “We are extremely pleased with the triple digit growth we have been experiencing in 2017. We continue to work aggressively on establishing new channels of product distribution, as well as, reaching out to online consumers directly through various online sales campaigns. With the recent hiring of Justin Miloro, we expect the ability to expedite our distribution opportunities and to ramp up sales going into the upcoming holiday season.” He also stated, “It is our priority to expand our footprint in order to continue with our triple digit growth which will eventually allow us the ability to turn the corner of profitability.”

Trimax Corp (OTCMKTS:TMXN) is hot company this week and needs to be watched to see if it can sustain this recent rip. The company has been known for some runs and then settles back in. TMXN has a market cap of $4.71M with 273.11M shares out. We are watching this stock carefully to see how this recent news colors out through the week. For continuing coverage on shares of $TMXN stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

Disclosure: we hold no position in $TMXN, either long or short, and we have not been compensated for this article.

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