Dewmar raises $30,000 through private placement of 8% convertibles

Continental Equities buys convertible promissory note due May 20, 2014

By Devika Patel

Knoxville, Tenn., June 25 - Dewmar International BMC, Inc. sold a $30,000 convertible promissory note to Continental Equities, Inc. on May 21, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The 8% notes are due May 20, 2014. They may be converted into common shares at 55% of the market price.

The company was formed as a holding company for making business acquisitions in various industries. It is based in Clinton, Miss.

Issuer:	Dewmar International BMC, Inc.
Issue:	Convertible promissory note
Amount:	$30,000
Maturity:	May 20, 2014
Coupon:	8%
Conversion price:	55% of the market price
Warrants:	No
Investor:	Continental Equities, Inc.
Settlement date:	May 21
Stock symbol:	OTCBB: DEWM
Market capitalization:	$245,170

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