SOURCE: BMX Development Corp.

December 16, 2008 09:00 ET

BMX Development Corp. Commences Trading on the Over the Counter Bulletin Board (OTCBB) and Announces Management

CHARLOTTE, NC and MIAMI, FL--(Marketwire - December 16, 2008) - BMX Development Corp. (OTCBB: BMXD) today announced the trading of its common stock on the OTC Bulletin Board, under the symbol BMXD.

Company Leadership

Michael J. Bongiovanni, CPA, MBA serves as President, Chief Executive Officer and Chairman of the Board of BMX Development Corp. and Dean A. Stewart serves as Vice President, Chief Financial Officer, and Director.

Mr. Bongiovanni is a graduate of Florida Atlantic University with a Master's Degree in Accounting. His prior experience was with a Big 4 CPA firm with an auditing specialty in broker/dealers in securities, banks including Bank of America's profit-sharing and pension plans, information technology, etc. Mr. Bongiovanni is a graduate of the SEC Institute, a member of the American Institute of Certified Public Accountants, Florida Institute of Accountants, North Carolina Association of Certified Public Accountants, the Charlotte Chamber of Commerce Venture Capital Committee, Metrolina Entrepreneurial Council, Former Trustee of the City of Lauderhill General Employees Trust fund appointed by the Mayor, etc. Mr. Bongiovanni assisted the Charlotte Chamber of Commerce in identifying and assessing capital markets effectiveness in the region and making improvements. Mr. Bongiovanni is also co-founder of the Barry University School of Business Alumni Association which promoted a communication and education network with its business alumni and students.

Dean A. Stewart is a graduate of High Point University in High Point, North Carolina and is a retired Naval Reserve. Mr. Stewart manages our wholly owned subsidiary, Johnson High Performance, a name that has been recognized in the Harley Davidson performance business.

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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