CHATSWORTH, CA / ACCESSWIRE / May 4, 2017 / Trimax Corporation Inc. (OTC PINK: TMXN) announced today that the company has entered into the Natural Products industry and it welcomed Saavy Naturals. Additionally, the company announced new management.
Saavy Naturals offers a complete line of Natural Skin Care products, which includes body creams, body scrubs, body washes, shampoos, conditioners, bath bombs, bath salts, and candles. Saavy Naturals products are 100% natural, vegan, gluten-free, soy-free, non-GMO and cruelty-free. Additionally, Saavy Naturals was created by chefs with 100% food-grade ingredients, and the philosophy that what we put on our bodies goes in our bodies.
Currently, Saavy Naturals can be found in some of the largest Natural retail stores and exclusive boutiques and spas across the nation. Some of these 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 a report published by www.marketresearch.com, the skin and body care industry is a booming business, producing over $121 billion a year. In the United States, this market is expected to reach $10.7 billion, alone, by 2018. The global skin care market is also poised for growth with an expected compound annual growth rate of 3.8%, beginning 2016 to 2021. Consumers are becoming more aware of what they put in, and on, their bodies to stay healthy, thus, demand for high quality and natural Body and Skin Care products continues to grow.
New officers of Trimax Corporation, Hugo Saavedra, Trimax CEO, and Debra Saavedra, Trimax COO, who are also founders of Saavy Naturals, went on to say, "We are excited to bring Saavy Naturals onboard with a publicly traded entity. We are currently working on numerous marketing and distribution strategies, with entities that we believe will assist on the ongoing expansion of the company. We are looking forward to our continued growth and success. In addition, we are thrilled to gain greater visibility within the marketplace, while potentially having access to needed growth capital."
Management of the company stated that information about recent achievements, new partnerships, as well as short and long terms plans will be announced in the upcoming weeks. Finally, the company would like to inform the public and the investment community that, pursuant to the Securities Purchase Agreement dated December 5, 2016, with a closing date of January 10, 2017, Trimax's previous business has been spun out of the company. HuDeb, LLC purchased all outstanding preferred shares from Mina Mar Group, as well as 350,000,000 common shares which have been canceled. In addition, the Company acquired all of the outstanding equity of Saavy Naturals, Inc., a Nevada corporation, which is a manufacturer of handcrafted body care products under the brand "Saavy Naturals," and the acquisition was for 225,000,000 newly issued restricted common shares of TMXN at a valuation of $1.8 million USD, which was 2x the 2016 top line sales for Saavy Naturals. All previous officers and directors of Trimax Corporation have stepped down from their positions.
In closing, the company will provide additional updates as material events become available.
About Trimax Corporation:
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, 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.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements are identified by wording such as "scheduled (future sense)," "may," intend(s)," "plan(s)," "believe(s)," "expect(s)," "will," "estimate(s)," "anticipate(s)," "would," "should," or "could," or, in each case, the negative thereof, other variations thereon, or comparable terminology that implies anticipated future deliverables. The Company disclaims any obligation or intention to update any forward-looking statement for any reason.
SOURCE: Trimax Corporation