FBC Is Now a Current Filer With OTC Markets -- Prepares for Audit and Sales Expansion
NEW YORK, NY--(Marketwired - May 2, 2014) - 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.
Safe Harbor
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