WEST PALM BEACH, FL -- March 8, 2017 -- InvestorsHub NewsWire -- Bahamas Development Corporation (USOTC:BDCI) has begun formal steps to establish operations in Freeport, Bahamas.

The President of BDCI visited Freeport and held several successful meetings to begin operations. The Grand Bahamas Port Authority (GBPA) hosted BDCI at their offices and made available one of their conference rooms for BDCIs use.

While in Freeport BDCI met Counsel to establish the Bahamian Corporation for all Island operations. All assets, including real estate, will be 100% BDCI owned. The Corporation, business licensing, and work permits are estimated to be completed in 8 weeks.

BDCI met with Officials from the Grand Bahamas Utility Company (GBUC). Health properties of Freeports water quality were discussed, and a favorable price per gallon was established with GBUC. Freeports water flows from a lens. It is pure and loaded with naturally occurring vitamins and minerals. Water is filtered through the Islands limestone foundation, creating naturally fresh pure high alkaline water, and does not require reverse osmosis filtering.

One of the more critical meetings held was with the Bahamas Technical & Vocational Institute (BTVI). The discussion centered on building a labor force capable of manufacturing BDCIs t-shirts and high performance apparel. BDCI and BTVI collectively will offer a personnel training course sponsored by BCDI. All applicants will be pre-screened by the BVTI, then put through the course. Students who successfully complete the course will be offered employment at the local BDCI manufacturing facility. BTVI is currently developing the course with the goal of having it on their summer schedule.

Before leaving the Island BDCI toured sites in Freeport to house both operations. BDCI is focused on two 5,000 square foot buildings that are for sale and is currently working through Bahamian real estate brokers.

Freeport receives over 500,000 visitors monthly looking for Island made products. BDCI is positioning itself to be the only Company on the Island manufacturing and selling Bahamian made products, while offering the only official Water of the Bahamas.

Recent Acquisition Native Outfitters:

Native Outfitters is a fast-growing wholesale turnkey performance lifestyle apparel company that uses proprietary blend Anti-Snag SPF50+ Sun Protection fabrics to provide, comfortable high performance apparel. The Company is focused on the "HOT" Athleisure category and has established distribution channels in the U.S. and Caribbean.

https://www.nativeoutfitters.com/

For additional information about this release please contact:

Investor Relations:

769-218-1796 
info@bahamasdevelopmentcorp.com
 

Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.