NEW YORK, NY--(Marketwired - Apr 10, 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 furthered its new Agricultural Division with the execution of a Memorandum of Understanding (MOU) with HY-POD TEK, Inc.; exploring licensing rights of an automated and integrated personal indoor grow pod system for organic plants and cannabis harvesting.
"The legalizing of marijuana in Colorado and Washington, along with the decriminalizing of marijuana possession in several states, has given way to a whole host of opportunities," stated Mr. Frank Russo, Chief Executive Officer of FBC Holding, Inc. "The HY-POD actually fits right in with our business model for the Agricultural Division. It demonstrates relevance of use, versatility, multiple application and offers synergy with other contemplated division products -- such as cannabis seeds. Most important, there is an opportunity to align the HY-POD with the Interactive Division's DRTV model; reason simply, you can grow organic fruits and vegetables, etc., right in your basement, garage, backyard or city roof top."
HY-POD TEK, Inc., the maker of the portable indoor growing system, has produced a mobile environment that affords "green thumbs" the ability to grow the very best organic plants, regardless of the crop, by duplicating nature's various climate conditions. Aside from the many incredible features of the HY-POD, one of the most exciting is the HY-POD COMM communication software that allows a grower to remotely control the POD's functions from a mobile device.
Frank Russo continued "We have explored several mobile and personal 'grow environments' over the past few months. However, none of the indoor growing systems reviewed offered an automatic digital controller that gives an individual the ability to monitor and control the growing process -- virtually from anywhere in the world. This gives us reason to strongly believe that the HY-POD could be the next innovation in organic planting and/or the growing of cannabis for personal use."
Mr. Russo concluded, "Whether a 'Doomsday Prepper' or just a health conscious individual wanting to eat organic fruits and veggies, or, a person living in a cannabis tolerant state that wishes to grow and harvest their own strands of marijuana from the comfort of their home -- for medicinal personal use -- the HY-POD seems to be the perfect indoor grow system. The current MOU gives us the opportunity to explore the viability and feasibility in licensing this particular system."
The MOU with HY-POD TEK, Inc., will allow FBC ample time to review and test market the POD, which already has a proven sales record, to determine if HY-POD will become a permanent part of FBC Holding's rapidly growing Agricultural Division.
About HY-POD TEK, Inc.
The HY-POD's designers and principles bring over 40 years of experience in solar energy, solar design, solar and environmental control systems, agriculture research and development and remote monitoring of environmental factors. The HY-POD Controller has been used successfully for over 20 years in world-wide applications for telecom, oil and gas, solar, wind, military and government operations. Thousands have been installed in remote, harsh conditions, deserts to jungles to mountain tops, in temperatures from - 40ºF to 130ºF.
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 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.
Contact:
For investor relations,
FBC Holding, Inc.
an international product development company primarily focused on license/creation management and product sales/distribution through DRTV, announced that the Company has furthered its new Agricultural Division with the execution of a Memorandum of Understanding (MOU) with HY-POD TEK, Inc.; exploring licensing rights of an automated and integrated personal indoor grow pod system for organic plants and cannabis harvesting. "The legalizing of marijuana in Colorado and Washington, along with the decriminalizing of marijuana possession in several states, has given way to a whole host of opportunities," stated Mr. Frank Russo, Chief Executive Officer of FBC Holding, Inc. "The HY-POD actually fits right in with our business model for the Agricultural Division. It demonstrates relevance of use, versatility, multiple application and offers synergy with other contemplated division products -- such as cannabis seeds. Most important, there is an opportunity to align the HY-POD with the Interactive Division's DRTV model; reason simply, you can grow organic fruits and vegetables, etc., right in your basement, garage, backyard or city roof top."
HY-POD TEK, Inc., the maker of the portable indoor growing system, has produced a mobile environment that affords "green thumbs" the ability to grow the very best organic plants, regardless of the crop, by duplicating nature's various climate conditions. Aside from the many incredible features of the HY-POD, one of the most exciting is the HY-POD COMM communication software that allows a grower to remotely control the POD's functions from a mobile device.
Frank Russo continued "We have explored several mobile and personal 'grow environments' over the past few months. However, none of the indoor growing systems reviewed offered an automatic digital controller that gives an individual the ability to monitor and control the growing process -- virtually from anywhere in the world. This gives us reason to strongly believe that the HY-POD could be the next innovation in organic planting and/or the growing of cannabis for personal use."
Mr. Russo concluded, "Whether a 'Doomsday Prepper' or just a health conscious individual wanting to eat organic fruits and veggies, or, a person living in a cannabis tolerant state that wishes to grow and harvest their own strands of marijuana from the comfort of their home -- for medicinal personal use -- the HY-POD seems to be the perfect indoor grow system. The current MOU gives us the opportunity to explore the viability and feasibility in licensing this particular system."
The MOU with HY-POD TEK, Inc., will allow FBC ample time to review and test market the POD, which already has a proven sales record, to determine if HY-POD will become a permanent part of FBC Holding's rapidly growing Agricultural Division.
About HY-POD TEK, Inc.
The HY-POD's designers and principles bring over 40 years of experience in solar energy, solar design, solar and environmental control systems, agriculture research and development and remote monitoring of environmental factors. The HY-POD Controller has been used successfully for over 20 years in world-wide applications for telecom, oil and gas, solar, wind, military and government operations. Thousands have been installed in remote, harsh conditions, deserts to jungles to mountain tops, in temperatures from - 40ºF to 130ºF.
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 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.
Contact:
For investor relations,
FBC Holding, Inc.
