Bahamas Development Corp. (BDCI) Closes on Native Outfitters Performance Apparel Acquisition

• Native Outfitters currently generates approximately $1 million per year dropping over 20% to the bottom line
• The transaction was a combination of cash and bank financing personally guaranteed by the President of BDCI
• BDCI positioned to grow and flourish in all geographic regions under its business plan

WEST PALM BEACH, FL / ACCESSWIRE / March 3, 2017 / Bahamas Development Corporation BDCI has closed on its Asset Acquisition of Native Outfitters™ (Native) https://www.nativeoutfitters.com. Native is a profitable, fast-growing wholesale turnkey performance lifestyle apparel company focused on the "HOT" Athleisure category.

Native Outfitters already has established distribution channels in the U.S. and Caribbean, as well as excellent supply chain relationships. Target sectors for Native performance apparel include the U.S. Government, Outdoor Retailers, Specialty Retailers, and many of the World's Leading Resorts. Clients include, but are not limited to, NASA, Ron Jon, Ritz-Carlton, Marriott, The Breakers, and many other leading international hotel chains and resorts as well as a long list of "Exclusive Clients".

Native Outfitters began operations five years ago and generated revenues of approximately $1 million in 2016. Native employs a team of six people who have been with the company for an average of three years. The Native team services several hundred accounts. The current facility in West Palm Beach, FL has an in-house art department, and the ability to process, print, and ship over 1,200 shirts per week.

Native has an exclusive agreement with its vendor for a proprietary blend Anti-Snag SPF50+ Sun Protection fabric that automatically renews every three years.

Anti-Snag sun shirts are most popular for outdoor enthusiasts who enjoy boating, fishing, and other outdoor sports. Native offers other complementary lines including camp shirts, swim shirts, and a line of shorts.

Native exhibits at four tradeshows a year. In January 2017 Native participated at Surf Expo in Orlando, FL. Surf Expo is the largest and longest-running board sports and beach/resort lifestyle tradeshow in the world. The show draws buyers from specialty stores across the U.S., the Caribbean, Central and South America and around the world. Surf Expo attracts over 27,600 total attendees and is a trade-only event that is not open to the public.

The Palm Beach International Boat Show, which runs from March 23-26, 2017 is an an annual event on Native's calendar. The show features boats, yachts, and accessories from the world's leading marine manufacturers.

Included in the acquisition of Native Outfitters is the Trademark, inventory; equipment, social network profiles and domains; Website, including e-Commerce, Amazon, FB, Twitter, Instagram platforms. Sales and Marketing Representatives are already in place, as are supply chains, customer services, operations, and production.

BDCI obtained a loan and credit line from a major retail banking lender to fund the acquisition of Native Outfitters. The acquisition, including initial working capital, has been personally guaranteed by BDCI's President and will not result in any dilution or toxic debt to the Company.

The financial institution that issued the loan has already expressed interest in funding future acquisitions BDCI is working on. BDCI has also held several discussions with another major retail banking lender with a view to a significantly expanded working relationship.

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.

For additional information about this release please contact:

Investor Relations:
769-218-1796

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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.

SOURCE: Bahamas Development Corporation