- Native
Outfitters has increased capacity to fulfill $3 million dollars of
sales volume annually
- The
Bahamian apparel business is worth $1 million a month just on the
Island of Freeport
WEST PALM BEACH, FL -- March 23, 2017 -- InvestorsHub
NewsWire -- Bahamas Development Corporation (OTC
PINK: BDCI)
has made forward progress on increasing capacity for Native
Outfitters, while further progressing in the Bahamas.
Native Outfitters is being overhauled to increase its sales and
production. When purchased, Natives backend capacity was limited to
1,000-1,200 shirts per week. With the addition of new equipment and
a new layout, production can now comfortably exceed 3,000 shirts
per week. The increased production capability allows the company to
write more orders and fill existing orders faster, resulting in
more re-orders from existing customers who had waited up to 6 weeks
to receive product in the past. The industry average is 10 days to
2 weeks for delivery. With new production capabilities in place
Native will have no problem meeting and or exceeding tha
average.
In September 2017 at the Surf Trade Show, Native Outfitters will
showcase new products and a new line to increase sales. Native
Outfitters as a brand has been very successful in building a name
for itself. New management will leverage that goodwill, build off
the brand, and expand the product line.
New Stand Operating Procedures (SOP) being put in place this
year will dramatically increase productivity and efficiency.
The attorney representing BDCIs interests in Freeport has
received all the necessary paper work from the corporate officers
which included, background checks, certified copies of their
passports, and financial reference letters, among other documents.
The Bahamian Corporation will be filed this week and the process of
obtaining a business license and work permits will begin.
The Bahamian apparel business has a built-in customer base on
the Island of Freeport. The Government is searching for ways to
keep more money on the Island, reduce imports, and have Island-made
products saleable to the 500,000 plus tourists that visit each
month. If the Island operation just services the local market it
will add over a $1 million a month in revenue to the bottom
line.
For additional information about this release please
contact:
Investor Relations:
561-247-9202
info@bahamasdevelopmentcorp.com
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