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NEW YORK, NY -- (Marketwired) -- 03/14/14 --
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 will provide its first corporate update to shareholders on Tuesday, March 18th, 2014, to briefly provide a status update on the Company's current position, recent achievements, growth propositions and financial outlook.
"For the first time since taking the reins, FBC Holding's is finally positioned for rapid and sustained growth," stated Mr. Frank Russo, Chief Executive Officer of FBC Holding. "With complete immersion in our 'Interactive Division,' we've been able to begin building our 'Health & Wellness Consumer' brands; managing the development of our first product to the extent, we expect to move over one million unit orders within the 2nd Quarter of this year."
Putting this into perspective, one million unit orders of FBC's first Health & Wellness Consumer product, equates to $20+ Million in retail sales. FBC anticipates these orders to be transacted by the end of the 2nd Quarter. Material opportunities like this have inspired a renewed confidence in management, as the direction FBC has now taken, is deliberate, flexible and expandable.
Mr. Russo continued, "This is the type of information we look to briefly cover in our update. Q2 is going to be a very important 90 days for us. Whether we are unveiling a unique and exciting new concept in gift-wrapping, launching sophisticated accessory technologies for an estimated 2.3 billion smart phones, or, perhaps growing our opportunities to take advantage of an emerging $3 Billion Dollar market, we expect this to be a prosperous year... beginning with Q2."
"Next week's update will be a prelude to those affirmative announcements we trust will be forthcoming and inspiring to our shareholders," concluded Russo.
About Frank Russo
Mr. Frank Russo is an authority in implementing sales distribution and product strategy, sales team leadership, marketing, market analysis and business development. The former President of Gladiator Sales, Inc. -- once the exclusive North American sales agency for Puma -- Mr. Russo led Gladiator in assisting Puma in reestablishing the Puma brand to prominence. Under Frank Russo's stewardship, sales revenue increased to over $75 million with just 13 sales associates, and Gladiator was named Brand Agency of the Year -- two times -- during his tenure.
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
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 OTC Markets and/or the United States Securities and Exchange Commission, which can be viewed at www.otcmarkets.com and http://www.SEC.gov , respectively. For all details regarding working interests in all of FBC Holding's interest, and/or any previous news releases, go to OTC Markets website ( www.otcmarkets.com ). You should independently investigate and fully understand all risks before making investment decisions.
FBC Holding, Inc.
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