WEST PALM BEACH, Fla., March 8, 2017 /PRNewswire/ -- Bahamas Development Corporation (OTC PINK: BDCI) has begun formal steps to establish operations in Freeport, Bahamas.
The President of BDCI visited Freeport and held several successful meetings to begin operations. The Grand Bahamas Port Authority ("GBPA") hosted BDCI at their offices and made available one of their conference rooms for BDCI's use.
While in Freeport BDCI met Counsel to establish the Bahamian Corporation for all Island operations. All assets, including real estate, will be 100% BDCI owned. The Corporation, business licensing, and work permits are estimated to be completed in 8 weeks.
BDCI met with Officials from the Grand Bahamas Utility Company ("GBUC"). Health properties of Freeport's water quality were discussed, and a favorable price per gallon was established with GBUC. Freeport's water flows from a 'lens'. It is pure and loaded with naturally occurring vitamins and minerals. Water is filtered through the Island's limestone foundation, creating naturally fresh pure high alkaline water, and does not require reverse osmosis filtering.
One of the more critical meetings held was with the Bahamas Technical & Vocational Institute ("BTVI"). The discussion centered on building a labor force capable of manufacturing BDCI's t-shirts and high performance apparel. BDCI and BTVI collectively will offer a personnel training course sponsored by BCDI. All applicants will be pre-screened by the BVTI, then put through the course. Students who successfully complete the course will be offered employment at the local BDCI manufacturing facility. BTVI is currently developing the course with the goal of having it on their summer schedule.
Before leaving the Island BDCI toured sites in Freeport to house both operations. BDCI is focused on two 5,000 square foot buildings that are for sale and is currently working through Bahamian real estate brokers.
Freeport receives over 500,000 visitors monthly looking for Island made products. BDCI is positioning itself to be the only Company on the Island manufacturing and selling Bahamian made products, while offering the only official Water of the Bahamas.
Recent Acquisition Native Outfitters:
Native Outfitters is a fast-growing wholesale turnkey performance lifestyle apparel company that uses proprietary blend Anti-Snag SPF50+ Sun Protection fabrics to provide, comfortable high performance apparel. The Company is focused on the "HOT" Athleisure category and has established distribution channels in the U.S. and Caribbean.
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SOURCE Bahamas Development Corporation