WEST PALM BEACH, Fla., April 17, 2017 /PRNewswire/ -- 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 BDCI's 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 to 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.
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SOURCE Bahamas Development Corporation