SOURCE: BMX Development Corp.

February 08, 2010 17:16 ET

BMX Development Corp. (Ticker Symbol BMXD) Announces Agreement With Apollo Energy Systems, Inc.

CHARLOTTE, NC and MIAMI, FL--(Marketwire - February 8, 2010) - BMX Development Corp. (OTCBB: BMXD) today announced that it entered into an agreement with Apollo Energy Systems, Inc. Pursuant to the agreement, BMX Development Corp. was appointed as an Apollo Distributor for the new Silver Volt II, Lead Cobalt Batteries and Alkaline Fuel Cells for the United States. BMX Development Corp. will sell the cars through distributors, dealers, and fleet owners. The cars will be provided to BMX Development Corp. via the assembler.

About BMX Development Corp.

BMX Development Corp. is a street and off-road motorcycle servicing and repair business, specializing in affordable brand name and after-market replacement products.

Forward-Looking Statements

Except for the historical and current factual information contained herein, this release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements by BMX Development Corp. regarding its expected financial position, revenues, cash flow and other operating results, business strategy, financing plans, forecasted trends related to the markets in which it operates, and similar matters are forward-looking statements. BMX Development Corp.'s actual results could be materially different from its expectations because of various risks. These risks are discussed under the caption "Risk Factors" in the company's registration statement on Form 10 on file with the SEC.

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