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Morgan Stanley predicts that, by 2020, activewear will represent $83 billion in sales

July 21, 2016 – Bahamas Development Corporation (OTC: BDCI) has executed a Letter of Intent (LOI) to acquire a wholesale turnkey Performance Lifestyle Apparel company with existing operations and distribution channels. The target company has a multi-year operating history, and currently has several hundred thousand dollars of revenue with a profit margin of 49%.

The business specializes in wholesale and retail sportswear for women. The target Company sells its own trademark brand whose quality is comparable to or better than other famous brands with higher price points. The Company has continuous innovation of new designs to generate repeat purchases, with a focus in online events and flash sales. The business has clients throughout the US who are revenue producing. The subscription service model ensures that 100% of clients generate repeat business.

The rise in athleisure has given apparel sales a significant boost in the last couple of years. In 2014, US consumers spent $323 billion on apparel, footwear and accessories, according to The NPD Group. This was a $2 billion increase from the prior year, and largely thanks to dramatic growth in sales of activewear. Morgan Stanley predicts that, by 2020, activewear will represent $83 billion in sales, “stealing market share from non-athletic apparel.” According to Stylus, “The athleisure phenomenon looks set to continue into 2016 and beyond, and is now on course to become one of the fastest-growing global apparel product categories in the second half of this decade.”

Pursuant to the terms, the buyer will purchase 100% of all classes of stock of the seller, all trademarks, all assets, and all current and future business operations of the Seller.

Bahamas Development Corporation is also in the process of performing due diligence on several companies in the apparel industry with combined revenues that exceed $5 million annually, and which manufacture and sell their own apparel lines. Profile distribution channels are resorts, surf shops, online, and international sales. By relocating all manufacturing to the Bahamas the Company can save on labor costs driving profits up significantly.

In other news:

Kstv Holdings Co. received approval on Friday July 15, 2016 to change its name and ticker to Bahamas Development Corporation, ticker (“BDCI”).

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Bahamas Development Corporation, in compliance with SEC regulations, may in the future use social media outlets like Facebook or Twitter and its own website to announce key information in compliance with Reg FD.

For additional information about this release please contact:

Investor Relations:

769-218-1796

https://www.facebook.com/Bahamas-Development-Corporation-469640663243771/

info@bahamasdevelopmentcorp.com

www.bahamasdevelopmentcorp.com

Forward-Looking Statements

This news release contains “forward-looking statements” as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, estimates of services and equipment markets, release of corporate apps, growth of platform, target markets, product releases, product demand and, business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also consider that any investment in securities is at risk. Details of the Company’s business, finances, appointments and agreements can be found as part of the Company’s continuous public disclosure on otcmarkets.com.

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