Trimax Corp (OTCMKTS:TMXN) Making All The Right Moves

Trimax Corp (OTCMKTS:TMXN), which manufactures Natural Skin Care products, exploded higher in August as a result of several exciting news items. The list of announcements include the hiring of a new COO, 140% increase in year-over-year second year quarter revenues, and some good news regarding the retail expansion of the company. We will provide the most significant details, but first of all have a look at the recent share price action. TMXN 1 Year ChartSourceBusinessThe company was founded in 1999 under the laws of Nevada. It makes use of its subsidiary “Saavy Naturals, Inc.” to manufacture a line of body care products, which are mainly made of oils and butters that help nourish the body. Additionally, other ingredients, such as "Jojoba Oil, Sweet Almond Oil, Kosher Vegetable Glycerin, Virgin Coconut Oil, Shea Butter, Kukui Oil, and Moringa Oil, are also used." Finally, it was also noted that bay rum and hemp infused body care products are also manufactured. Readers may be interested in checking the online store owned by TMXN, wherein the products and their prices can be checked. Bay Rum & Hemp Body Cream with shea butter

Source: Bay Rum & Hemp Body Cream with shea butter($ 12.00).

Recent DevelopmentsThe following developments were noted as significant in the company materials. On June 1, 2017, TMXN expected to begin offering Bay Rum and Hemp products with the help of TLK Fusion, and Retail Management Solutions, a division of Kompugard, Inc., which signed marketing and distribution agreements with the company. Additionally, on June 8, 2017, shipments of bay rum and hemp infused products commenced to be sent.In our opinion, the hiring of Justin Miloro as the new Chief Operating Office of its consumer division was relevant. It was announced on August 8, 2017. He holds 25 years of sales and executive level expertise with companies such as Whole Foods Market, Mineral Fusion Natural Brands and Hugo Naturals. Hugo Saavedra, CEO of Trimax Corporation and Saavy Naturals Inc., celebrated the news by saying the following words:

"His comprehensive experience in strategic account management on domestic and global scales has a proven record of establishing strategies, programs and processes that drive growth, revenues, account penetration and market share for leading consumer products. This expertise, along with his in-depth knowledge of the Body Care industry, will become extremely valuable as we start to implement our growth strategies for retail sales and distribution both domestically and internationally in 2017." Source

On August 10, 2017, the company announced that its line of products was going to be commercialized in Gelson's Markets. The news was remarkable, as this super market seems to be a well-known establishment in Southern California. We could read that it runs 25 full-service specialty market stores in this area. Gelson's MarketSourceHugo Saavedra, CEO, said the following about the new expansion:

"We are extremely pleased to announce the expansion of our body care product line in Gelson's Markets. Anyone who lives in the Southern California area is aware of Gelson's impeccable presentation of high quality specialty market items with a knowledgeable staff ready to help. Over many years, Gelson's has built a reputation for excellent service and specialty items that draw celebrities and neighborhood customers alike." Source

On August 17, 2017, we could get some information regarding the results of the sale of the Bay Rum & Hemp body care product line. The CEO said that they have received an overwhelming response from customers and they "fully anticipate 2017 to reach record sales for the company."Finally, on August 23, 2017, good news hit the market. Vitamin Cottage, Inc., a public company trading on the NYSE, was distributing and selling the body care line, Saavy Naturals, in their Natural Grocers. It is a great achievement, as this is a big partner, founded in 1955 and employing approximately 3,000 people.Quarterly earnings release On August 15, 2017, news regarding the financial performance of TMXN surprised the market. Gross revenue increased from $167,685 in Q1 2017 to $272,386 in Q2 2017. The company has seen a 44% jump in sales in 2017. These numbers suggest that the company's growth is astonishing. In our opinion, these numbers were responsible for the share price increase in August: TMXN 1 Month ChartSourceHugo Saavedra, CEO of the company, celebrated the news with the following words:

"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." Source

ConclusionTMXN seems to be growing at a high pace, hiring talent, making agreements with powerful stores and delivering outstanding financial performance. We believe that the press release regarding the financial performance of the firm was the most remarkable news, which made the share price explode higher. To sum up, we need to be alert and assess all the news regarding the company. Doing it has been very beneficial so far. We will be updating our subscribers as soon as we know more. For the latest updates on TMXN, sign up below!Image courtesy of Eigenberg Fotografie via FlickrDisclosure: We have no position in TMXN and have not been compensated for this article.