$FBCD - Announces Sales and Acquisition Criteria
NEW YORK, April 4, 2013 /PRNewswire/ -- (OTC Markets: FBCD) FBC Holding, Inc. would like to update its shareholders on recent events.
Several weeks ago FBC Holding recently took shipment of a supply of Flowboards, skateboards and Snow Skates. We are pleased to announce that we have been selling these items through a variety of direct-to-consumer venues and expect to have sold the entire inventory over the next 60 days.
We have also begun discussions with several operating businesses with an interest in bringing those entities into FBC Holding.
We have had numerous meetings with an established technology company that specializes in assisting small and medium sized businesses achieve increased sales and customer satisfaction through a consolidated approach to Internet marketing encompassing all major aspects of marketing from web design to email and social media and doing this utilizing a proprietary dashboard interface which allows business owners to create, monitor and analyze complex comprehensive sales campaigns.
We have also met with a company which operates gold and silver mines in the USA which are currently in various phases of production. A third company with which we have been speaking has a technology centered around a conductive ink which allows circuitry to printed on virtually any surface including paper and textiles using any commercial printer.
All of these opportunities meet with our management's established criteria of being revenue stage, operating businesses with low DSO and CapEx requirements and short AR turnover. Also these businesses that we are evaluating will be immediately accretive to earnings. These and similar businesses will diversify the company's revenues and mitigate the seasonality associated with its current lines of business. We expect to announce one or more of these additional within the next several weeks.
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The Company is advising readers that non-affiliate shareholders of the company, and the Company may, from time to time, engage the services of unaffiliated firms to provide investor relations and advertising services. These third party shareholders may own the Company's shares and plan to liquidate, which may negatively affect the stock price. All content in our releases is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. The Company does not purport to provide an analysis of any company's financial position, operations or prospects and this is not to be construed as a recommendation by the Company or an offer or solicitation to buy or sell any security. Neither the Company nor any of its members, officers, directors, debt-holders, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, registered investment advisors, analyst or underwriters. Readers should always consult with a licensed securities professional before purchasing or selling any securities of any company including out own. It is possible that a reader's entire investment may be lost or impaired due to the speculative nature of the investment.
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