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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