|By Marketwired .||
|May 2, 2014 08:43 AM EDT||
NEW YORK, NY -- (Marketwired) -- 05/02/14 -- FBC Holding, Inc. (PINKSHEETS: FBCD) ("FBC" or the "Company") an international product development company, primarily focused on license/creation management and product sales/distribution through DRTV, announced that the Company has achieved "Current Filer" status with OTC Markets in the mist of preparing for a major sales expansion through significant license acquisitions.
"While we intend to remain a 'Current Filer' with OTC Markets only for a limited time before uplisting, we expect shareholders would still appreciate our willingness to make public disclosures," stated Mr. Frank Russo, Chief Executive Officer of FBC Holding, Inc. "Considering the growing demand for our copper based technology fabric compression sport sleeve, expansion into the agricultural markets, and most important, the two incredible products we anticipate acquiring the licenses to this quarter, we foresee a very healthy sales expansion to occur over the next 9 months. With this, we are more than happy to continue making public disclosures to offer transparency to our shareholders."
Management made the decision to de-register FBC for approximately 120 days while pursuing the proper completion of the Company's audits for a possible up-list in the third quarter. During this time, management has set its sights on two licenses that executives believe will rapidly expand the Company's sales. One such product could be, "one of the biggest DRTV and general market products to be invented," continued Mr. Russo.
Mr. Russo concluded, "We have entered into negations to acquire two licenses that will not only expand FBC's industries, but surely expand and boost our sales capacity to a level we would not have anticipated as a possibility for 2014. We are extremely excited about the prospects of completing the acquisition of the targeted licenses and bringing what we believe will be significant and almost immediate value to FBC Holding."
About FBC Holding, Inc.
FBC Holdings develops and markets innovative products using a 'new proprietary' technology whereby buttons, switches, wires and other electrical components can be printed on nearly any media. Management is experienced in Direct to Consumer Marketing (design, manufacture and market creative products leveraging cutting edge technology). FBC's market is diverse, covering consumer products, health care related products, and, toy and entertainment products.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may,'' "should,'' "expects,'' "plans,'' "anticipates,'' "believes,'' "estimates,'' "predicts,'' "potential'' or "continue'' or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors'' in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at http://www.SEC.gov. For all details regarding working interests in all of FBC Holding's interest, and/or any previous news releases, go to OTC Markets website. You should independently investigate and fully understand all risks before making investment decisions.
For investor relations,
FBC Holding, Inc.