Bahamas Development Corporation OTC:
BDCI Bahamas Development Corporation offers business services to companies doing business in the Bahamas and the Caribbean region through its working
relationship with the Bahamas Port Authority.
Bahamas Development Corporation (BDCI) will focus on start-up businesses and slightly mature businesses, which are still in their early stages of development. These businesses typically fall in the category of 1-3 year-old companies.
Our focus is on businesses that are looking for a more tax friendly environment in the Bahamas, due to the Hawksbill Creek Agreement. BDC will guide client companies through the process of obtaining financing, business license, office space, employment personnel and business support in order to help them achieve success. This full-service approach is a novelty in the Bahamas. BDC’s goal is to be the “go to” firm for international businesses seeking to set up in the Caribbean.
Our focus is on businesses that are looking for a more tax friendly environment in the Bahamas, due to the Hawksbill Creek Agreement.
Bahamas Development Corporations’ (BDCI) goal is to be a premier consulting and full service business recruiting company, which brings
manufacturing, agricultural, medical tourism and other opportunities to the Island.
Job creation is one of our chief expectations. The unemployment rate is roughly 17%, which is triple that of the U.S.
Since the Bahamas heavily depend on the U.S. through tourism, this presents an opportunity to begin the process of working with the various partners to build a more diversified economy. Over the course of the next 12 months BDCI will have the multiple revenue streams from its Island operations.
Key target of opportunities include development of light manufacturing and agricultural businesses.
We plan to create an indoor state-of-the-art aquaponics farm in Freeport.
The Bahamas imports 97% of its food or roughly $1 billion dollars from other countries. BDCI plans to penetrate 7-10% of this market over the next 5 years.
BDCI recognizes this as an opportunity to bring more economic opportunity, provide jobs, and help keep the Bahamian dollar within the country.
This venture is in line with the vision of Prime Minister Christie to produce more food on the island.
BDCI will have the only large commercial scale aquaponics farm on the main island of the Grand Bahamas. The farm will grow mainly leafy green produce such as spinach, kale, lettuce, and a variety of spices. The aquaponics farm will also have the capability of producing strawberries, tomatoes, and other fruiting vine plants.
The Grand Bahama Port Authority "GBPA" owns and controls underground fresh water springs high in alkaline content. The water is so clean that it only requires simple filtration thus negating the need for Reverse osmosis.
The GBPA is willing to sell spring water to BDCI, this giving us the only nationally recognized bottled spring water that has the backing of the Port Authority and the Bahamian government.
BDCI desires to create a water company that identifies with the people of Bahamas, we want to produce the first official water of Bahamas and do for bottled water what Kalik Beer -- the official beer of the Bahamas -- has done for beer.
We believe that we can produce superior bottled water with the natural spring waters of the Bahamas, which is naturally fortified with minerals. With great name recognition and national support, this water can be become an export product, just like Fiji Water.
The Bahamas imports over $250 million dollars' worth of souvenirs per year. BDCI is establishing the only t-shirt manufacturing plant on the island that will be able to produce graphic t-shirts, hats, tote bags and other souvenirs.
BDCI will maintain an inventory that will simultaneously lower the costs for local consumer-facing retailers, and make the company competative and highly profitable.
Creating a souvenir factory will increase local jobs potential and increase the GDP in the domesti manufacturing sector. The cost per t-shirt will enable the company to be competitive with China and create an export market back to the United States. The main advantages BDCI will have over other foreign manufactures will be lead-time for buyers and minimum order quantities.
- BDCI has completed all necessary paperwork to file its name change to Bahamas Development Corporation with the Nevada Secretary of State (NVSOS)
- The company plans to file with FINRA and apply for a change in ticker symbol
- The Company launched its corporate website http://www.bahamasdevelopmentcorp.com/ as well as its Twitter feed and Facebook page (see below)
- BDCI announces the successful completion of its audit
- The Company signed an engagement letter with MaloneBailey LLP in February 2016.
The move enables the Company to become fully reporting by making appropriate filings with the Securities and Exchange Commission (SEC). The Company has already retained legal counsel for this purpose.
- Once the Company becomes fully reporting, it will then be eligible to trade on the OTCQB or other exchange.
- The Company anticipates that the move will lead to an increase in long-term shareholders.
Derrick Lefcoe - President
Gary L. Brown
Malone Bailey LLP
9801 Westheimer Road
Houston, TX 77042
Bauman & Associates Law Firm
6440 Sky Pointe Dr
Las Vegas, NV 89131
Authorized Shares: 250,000,000 as of August 5, 2016
Outstanding Shares: 148,187,610 as of August 5, 2016
Float: 29,021,900 as of August 5, 2016
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