BAHAMAS DEVELOPMENT CORP. ANNOUNCES ACQUISITION OF NORLAND BF-3000 XLT SEMI-AUTOMATED WATER LINE
December 01 2016 - 4:00PM
InvestorsHub NewsWire
BDCI enters the $15 billion dollar bottled water market
Jackson, MS -- December 1, 2016 -- InvestorsHBahamas Development
Corporation (OTC: BDCI) has executed an asset purchase agreement to
acquire an operational semi-automatic BF-3000 XLT water line
manufactured by Norland Products, Inc.. A deposit was made to the
Escrow agent on 11/21/2016. The purchase will not result in any
dilution or toxic debt to the Company.
The Norland BF-3000 XLT water line can produce up to 3,000
half (1/2) liter bottles per hour. Once the water line is shipped
and set-up locally in Freeport, BDCI will be able to
produce fresh bottled spring water with high alkaline content for
sale across the Bahamas. BDCI has also acquired 60,000
empty bottles that will be used to help introduce Bahama Springs to
the Bahamas.
The average cost to produce one bottle of high alkaline
content water is approximately $0.15 on an Island that hosts
500,000 tourists per month and where regular bottled water costs
over $3.00 per bottle. The Bahamas spends millions of dollars
importing water annually. Bahama Springs can supply
locally sourced natural spring waters of the Bahamas, which is
naturally fortified with minerals. With name recognition and
national support, this water can later be distributed throughout
the Caribbean and even penetrate the U.S., just like Fiji
Water.
The Grand Bahama Port Authority (GBPA) owns and
controls underground fresh water springs high in alkaline
content. It is willing to sell spring water to BDCI, thus
giving us the only nationally recognized bottled spring water that
has the backing of the Grand Bahama Port Authority and the Bahamian
government. The water is so clean that it only requires simple
filtration. Reverse osmosis is not necessary.
BDCI notified the GBPA of the water line acquisition and other
developments after the deposit was posted to Escrow.
The Bottled Water Industry
As Americans look for better-for-you alternatives to carbonated
soft drinks (CSDs), the U.S. bottled water category is reaching
unprecedented heights, according to new research from Chicago-based
Mintel, which reveals that sales of bottled water increased 6.4
percent to top $15 billion in 2015. The market research firm
expects sales to continue ascending at a rapid pace through 2020,
with projected sales growth of 34.7 percent for the category,
including 75.1 percent growth for the sparkling/mineral
water/seltzer segment.
A wide range of interest also has emerged in functional
attributes for bottled water. More than two in five (43 percent)
consumers are interested in bottled water enhanced with vitamins;
another three in 10 agree that the ideal bottled water should
contain minerals (29 percent) and energy (29 percent). When it
comes to calorie counting, consumers show a clear preference for
zero-calorie bottled water (31 percent) as opposed to less than 100
calorie offerings (13 percent). The market research adds that two
in five (43 percent) consumers say that the ideal bottled water
would have no artificial sweeteners, artificial flavors (43
percent) or artificial colors (40 percent), and one-quarter of
consumers report that their ideal bottled water would be GMO-free
or organic (24 percent). The trend of increasing demand for organic
food and drink options continues as research indicates 37 percent
of consumers feel better about themselves when they buy organic
foods and beverages.
Photographs: Bahamas Development Corporation
(BDCI) Norland Products BF-3000 XLT water line
Bahamas Development Corporation, in compliance with SEC
regulations, may in the future use social media outlets like
Facebook or Twitter and its own website to announce key information
in compliance with Reg FD.
For additional information about this release please
contact:
Investor Relations:
769-218-1796
https://twitter.com/bahamasdevcorp
https://www.facebook.com/Bahamas-Development-Corporation-469640663243771/
info@bahamasdevelopmentcorp.com
http://www.bahamasdevelopmentcorp.com/
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