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 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.

Global Consortium is pleased to announce Tom Roland, the founder of Indulge Oils, has agreed to assume the role of President of Global Consortium, Inc., as of June 11, 2018.

Mr. Roland is a proven entrepreneur experienced in building profitable companies. He has a passion for entrepreneurship, developing innovative approaches to industry challenges, and building vibrant company cultures. He accelerates development and deployment of solutions while maintaining profitable growth.

Mr. Roland, also serves as an advisor to several start-up ventures and continues to empower teams through his provocative leadership.