Acquisition ensures solid manufacturing infrastructure to
support significant growth
West Palm Beach, FL -- March 30, 2017 -- InvestorsHub NewsWire
-- Bahamas Development Corporation (OTC
PINK: BDCI), announced today that it has acquired the apparel
manufacturing assets of Incite Brands LLC through private
non-dilutive financing. Incites manufacturing arm is best known as
Incite Performance Wear (IPW). IPW is a full package cut and sew
operation with dye sublimation printing company that manufactures
custom private-branded performance wear shirts and apparel to
approximately 500 wholesale accounts.
The IPW manufacturing assets will be integrated into BDCIs
Apparel Brands and Manufacturing operations, including its recently
acquired Native Outfitters Performance Apparel Company. BDCI
expects to have the IPW manufacturing operations fully integrated
within the next 60 days.
The IPW acquisition allows BDCI to capitalize on significant
synergies through the alignment of production operations in Incites
manufacturing facilities. The optimization of manufacturing
capacity provides strong infrastructure to support the Companys
growth. The acquisition also enables BDCI to achieve enhanced
purchasing leverage of raw materials and consolidation of its labor
force, which greatly reduces manufacturing costs.
During and after the integration of IPW, Incite Brands will
continue to support BDCI with Sales and Marketing support.
We are very excited about this acquisition as it immediately
more than doubles our current annualized sales revenue to over $2.4
Million dollars and gives us the much-needed increased production
capabilities to support our huge order backlog from our Native
Outfitters brand. In addition, Incite also provides us with a solid
and scalable manufacturing foundation to support many apparel
brands, new products and the Made in the USA, custom, private label
performance apparel business. said Eugene Caiazzo, BDCIs
President.
About Incite Performance Wear:
IPW is a full package cut and sew with dye sublimation printing
company that manufactures custom private-branded 100% moisture
wicking polyester performance wear shirts with UPF 40 Sun
Protection. The Companys manufacturing process is very unique and
unlike most apparel companies. What makes the company different
from others, is the way that it manufactures their performance
shirts. Incite sources fabric in from its supplier mills, cuts it
to size and dye sublimate prints the individual pieces of the shirt
before the shirt is sewn together. This enables the company to
deliver very high quality, seamless, Made in the USA performance
shirts that are competitively priced. IPW manufactures private
branded performance apparel for many industries that include:
Fishing, Marine, Agricultural, Hospitality, Team Sports, Outdoor
Activewear, Military and many Non-Profit Organizations and
Charities. More information on the companys products and services
may be found at: www.IncitePerformanceWear.com
For additional information about this release please
contact:
Investor Relations:
561-247-9202
info@bahamasdevelopmentcorp.com
https://twitter.com/BahamasDevCorp
www.nativeoutfitters.com
www.IncitePerformanceWear.com
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