Bahamas Development Corp (OTCMKTS: BDCI) Moves To Capitalize On The Athleisure Trend

The growing fashion trend known as Athleisure is becoming more and more popular. The trend can be described as clothing designed for workouts and other athletic activities that is worn in other settings. It’s very common nowadays for consumers of all ages to wear athleisure clothing for everyday activities such as during work, trips to school, or other casual or social occasions. According to The NPD Group, a market research company, the rise in Athleisure has given apparel sales a significant boost in the last couple of years.Bahamas Development Corp (OTCMKTS: BDCI) works with companies doing business in the Bahamas and Caribbean region through its working relationship with the Bahamas Port Authority. Their focus is on businesses that are looking for a more tax friendly environment in the Bahamas, due to the Hawksbill Creek Agreement. Since the beginning of 2017, the company has made a couple of significant acquisitions to bolster its position in the Athleisure fashion business, and has initiated manufacturing operations on the Island of Freeport of Bahamas.On March 8, 2017 BDCI begun formal steps to establish operations in Freeport, Bahamas. The President of BDCI visited Freeport and met with Counsel to establish the Bahamian Corporation for all Island operations. Corporation, business licensing, and work permits are estimated to be completed in early May of 2017. Another critical meeting 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. 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.On March 3, 2017 Bahamas Development Corporation closed on its Asset Acquisition of Native Outfitters™ (Native), a profitable, fast-growing wholesale turnkey performance lifestyle apparel company focused on the "HOT" Athleisure category. Native Outfitters has been in operation for over five years and generated revenues of approximately $1 million. The Native team services several hundred accounts and is able to process, print, and ship over 1,200 shirts per week from their West Palm Beach, FL facility. Native has exclusive agreements with its vendors that automatically renews every three years for a proprietary blend Anti-Snag SPF50+ Sun Protection fabric. The acquisition of Native Outfitters includes the Trademark, inventory; equipment, social network profiles and domains; Website, including e-Commerce, Amazon, FB, Twitter, and Instagram platforms. Sales and Marketing Representatives are already in place, as are supply chains, customer services, operations, and production. The acquisition, including initial working capital, and has been personally guaranteed by BDCI's President, will not result in any dilution or toxic debt to the Company.Come next September 2017 at the Surf Trade Show, Native Outfitters™ will showcase new products and a new line to increase sales. Native Outfitters™ as a brand has been very successful in building a name for itself. New management will look to leverage that goodwill, build off the brand, and expand the product line.Bahamas Development Corporation announced on March 30, 2017, that it acquired the apparel manufacturing assets of Incite Brands LLC through private non-dilutive financing. Incite Performance Wear (IPW) is a full package cut and sew operation with dye sublimation printing company that manufactures custom private-branded performance wear shirts and apparel to approximately 500 wholesale accounts. BDCI expects to have the IPW manufacturing operations fully integrated buy the end of May 2017.

"We are very excited about this acquisition as it immediately more than doubles our current annualized sales revenue to over $2.4 Million dollars and gives us the much-needed increased production capabilities to support our huge order backlog from our Native Outfitters brand. In addition, Incite also provides us with a solid and scalable manufacturing foundation to support many apparel brands, new products and the Made in the USA, custom, private label performance apparel business," said Eugene Caiazzo, BDCI's President.

BDCI stock has shown a sharp increase in volume since February 13, 2017 taking the stock to a closing high of $.48 on February 27, 2017. Prior to that, the chart shows very little activity. It is now trading at $.1650. Same goes for the financial statements, they show very little activity. Current market capitalization stands at $38.26 million, on 196.19 million shares outstanding as of April 4, 2017. BDCI should be kept on the radar to see if the new acquisitions begin to show revenues on the financials. Once the anticipated revenues are confirmed, the share price will follow. We will be updating our subscribers as soon as we know more. For the latest updates on BDCI, sign up below!Disclosure: We have no position in BDCI and have not been compensated for this article.