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Thursday, October 29, 2020

Trimax Corp (OTCMKTS:TMXN) Grabs Attention with Recent Catalysts

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Trimax Corp (OTCMKTS:TMXN) is a micro-cap stock that has started to garner attention as the stock bounces up the chart. Recent action has seen gains of as much as 800% in just the past four days, and the catalyst is quite clear: TMXN just announced increases in quarter-over-quarter (Q/Q), year-over-year (Y/Y) and year-to-date (YTD) revenues in their second quarter 2017. Trimax also hit the market with news of the success of its recently launched Bay Rum & Hemp body care product line as well as plans for the expansion of distribution channels to retail outlets.

According to the release, the company 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.

Trimax Corp (OTCMKTS:TMXN) bills itself as a company that, 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.

Additionally, Saavy Naturals products can be purchased through numerous online retailers, including www.Amazon.com, and www.Saavynaturals.com, to name a few.

According to company materials, “Trimax Corporation, 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. Additionally, Saavy Naturals products can be purchased through numerous online retailers, including http://www.Amazon.com, and http://www.Saavynaturals.com.”

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As noted above, the stock has been red hot in recent days, with huge gains on impressive volume.

The move can be attributed to better than expected topline data released in a recent company press communication as well as a formal declaration of the success of its recently launched Bay Rum & Hemp body care product line along with plans for the expansion of distribution channels to retail outlets.

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.”

Saavedra further commented on the move to launch the Bay Rum & Hemp body care product line: “We are elated with the overwhelming response we have received with the introduction of our Bay Rum & Hemp line body care products. Consumers continue to reach out to us expressing great feedback for the uniqueness, exquisite scent and effects of these new products.” He also stated, “As we grow closer to the holiday season, which historically is our biggest producing quarter, the timing couldn’t be better for us to expand our retail distribution channels for a line we already know the consumer loves. Based on already existing sales from our first two-quarters and projected sales in our third and fourth quarters, we fully anticipate 2017 to reach record sales for our Company.”

Currently trading at a market capitalization of $9.56M, TMXN has virtually no cash on the books, which is balanced by about $1.2M in total current liabilities. One should also note that debt has been growing over recent quarters. TMXN is pulling in trailing 12-month revenues of $178K. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 705.7%. You can bet we will update this one again as new information comes into view. 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 breakout 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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