[b]$FBCD[/b] FBC Holding Announces Sales and Acquisition Criteria
NEW YORK, [b][color=blue]April 4, 2013[/color][/b] /PRNewswire via COMTEX/ -- (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.
