Bahamas Development Corp. (BDCI)
Generates Revenue and Issues 2017 Guidance
WEST PALM BEACH, FL -- April 17, 2017 -- InvestorsHub NewsWire
-- Bahamas Development Corporation (OTC
PINK: BDCI) announces that is has moved from the business
development stage to generating significant revenue through its
acquisitions of Native Outfitters and Incite Performance Wear. BDCI
is on target to generate over $2.4 million in sales for fiscal year
2017.
During the first quarter of 2017, BDCI acquisition, Native
Outfitters, invoiced roughly $300,000 with a backlog of $15,000,
while anticipating 10% growth or approximately $330,000 in sales
for Q2.
Following its acquisition of Native Outfitters, its acquisition
of Incite, is adding an additional, $300,000.00 per quarter to
BDCIs top line.
At the end of April, BDCI will begin reporting consolidated
revenues for Native and Incite, which is expected to exceed
$200,000. Without any additional external transactions, BDCI is
expecting to be able to post over $2.4 million in sales for
2017.
Bahamas Development Corp. (OTC
Pink: BDCI), is expecting to continue grow both organically and
through acquisition as the year progresses.
Upon the takeover of Native Outfitters BDCI revamped the
operations, overhauled equipment, and streamlined procedures, to
deliver a more efficient work place. The Company has noticed
immediate results and expects improvements in productivity and
profitability, to continue. Additionally, front-end operations,
have been streamlined resulting in enhanced communication and
logistics.
BDCI expects to cut delivery times by 2/3, increase production
capacity by a minimum of 50%, and upgrade its IT systems to further
increase output and decrease cost as the year continues.
For additional information about this release please
contact:
Investor Relations:
561-247-9202
info@bahamasdevelopmentcorp.com
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