Subject: BDCI Adds New President and Conducts Due Diligence on Pending Acquisition

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BDCI Adds New President and Conducts Due Diligence on Pending Acquisition
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Company: Bahamas Development Corporation (Pink Sheets: BDCI)


Price: 0.0593

Change (%): + 0.0043 (7.82)

Volume: 314,439
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Global Consortium to Retain a Firm to Complete a Fairness Opinion on Its Pending Acquisition

Projected Assets to exceed 20 million dollars

COCONUT CREEK, Fla., June 13, 2018 (GLOBE NEWSWIRE) - via OTC PR WIRE - Bahamas Development Corporation (OTCPINK:BDCI) subsidiary company Global Consortium, Inc. and its partners have decided to retain a third party company to prepare a fairness opinion on the pending acquisition.

The projected Assets could exceed 20 million dollars and may be twice that projection based on various projects in the works. The two sides have committed to a transaction and have agreed that the payment will be a combination of cash and stock.

The fairness opinion is needed due to the cross ownership of the assets between the two companies and to insure the openness of the transaction with all the shareholders.

Global Consortium has begun reaching out to companies to complete the fairness opinion with the goal of having a company retained this month.

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