Bahamas Development Corp. Closes Asset Purchase Agreement With Incite Brands, LLC

The Two Operations will Have Combined Revenues of Over $2.4 Million Annually

The Net Revenues After Economies of Scale will be Over $500,000 Annually

WEST PALM BEACH, FL / ACCESSWIRE / November 13, 2017 / Bahamas Development Corporation BDCI successfully closed on its second Asset Purchase Agreement (APA) of 2017. The Company has acquired two US based wholesale Performance Wear apparel companies each servicing different markets with minimal overlap.

Incite Performance Wear ("IPW") is now a wholly owned subsidiary of BDCI. IPW is a full package apparel manufacturing company that specializes and prides themselves in "MADE IN THE USA" products. These products are 100% moisture wicking mesh polyester performance wear combining UPF 40 Sun Protection embellished utilizing cutting edge Dye Sublimation technology. The Company's Full Package Apparel Manufacturing Services also includes, but are not limited to, Creative Services, Dye Sublimation Printing, Cut and Sew Operations, Custom Packaging/Labeling and Fulfillment.The company manufactures private branded and co-branded apparel for many fishing, marine, diving, agricultural, hospitality business, team sports, special events and military customers reaching over 500 clients throughout the US and Caribbean.

Unlike Under Armor, Reebok, and Nike; Bahamas Development Corporation BDCI has incorporated proprietary Anti-Snag and MicroVent Technology into their unique Performance Wear fabric, which not only prevents the garment from developing ugly snags and pulls that renders other garments useless, it provides for enhanced breath-ability. These features are a giant step above the majors in this space.

BDCI has been able to acquire these two separate Performance Wear apparel companies with combined revenues that should exceed $2.4 million for 2018, with zero toxic funding. The Company acquisitions were closed through the use of traditional bank financing from Wells Fargo and cash to finance the purchases. Wells Fargo extended an additional $100,000 credit line on top of the purchase price for the Native transaction and included an additional $90,000 in working capital to effect the IPW acquisition. With the finalization of these two acquisitions BDCI hopes to continually increase revenue and institute further expansion into the Athleisure wear market across the US and the Caribbean region.

About The Performance Apparel/Athleisure Market:

The rise in Athleisure has given apparel sales a significant boost in the last couple of years. In 2014, US consumers spent $323 billion on apparel, footwear and accessories, according to The NPD Group. This was a $2 billion increase from the prior year, and largely thanks to dramatic growth in sales of activewear. Morgan Stanley predicts that, by 2020, activewear will represent $83 billion in sales, "stealing market share from non-athletic apparel." According to Stylus, "The Athleisure phenomenon looks set to continue into 2016 and beyond, and is now on course to become one of the fastest-growing global apparel product categories in the second half of this decade."

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.

Forward-Looking Statements:

This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk.

Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure on otcmarkets.com.

For Additional Information About This Release Please Contact:

Investor Relations - 561-247-9202

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SOURCE: Bahamas Development Corporation