NEW YORK, May 6, 2013 /PRNewswire/ -- (OTCQB: FBCD)
FBC Holding, Inc. would like to update its shareholders on recent
events.
We previously announced that we have begun discussions with
several operating businesses with an interest in bringing those
entities into FBC Holding. We are pleased to announce that we have
executed a Letter of Intent to purchase substantially all of the
assets of an East Coast-based provider of used and refurbished
machines utilized in the PCB (Printed Circuit Board) and SMT
(Surface Mount Technology) industry. The company has been in
business for over a decade and has aggregated a sizable network of
Loyal small and medium sized business customers.
Frank Russo, CEO of FBC Holding
Inc., stated that, "Our company is very fortunate to have a great
network of privately held companies to consider and this is one
that meets our criteria and will come with revenues, positive cash
flow and a great opportunity for expansion. We have had additional
meetings with a gold/silver mining company which has multiple
projects as well as with the conductive ink company which has an
incredible technology with seemingly unlimited applications. Our
previously announced LOI with a privately-held IT startup has been
terminated but there is no shortage of additional
opportunities."
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 form a good base upon which we can
grow.
Disclaimer and Release of Liability
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 our own. It is possible that a
reader's entire investment may be lost or impaired due to the
speculative nature of the investment.
Some of the content in this release may contain forward -
looking information within the meaning of Section 27 A of the
Securities Act of 1 9 9 3 and Section 21 E of the Securities
Exchange Act of 1 9 3 4 including statements regarding expected
continual growth of the Company and the value of its securities. In
accordance with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 it is hereby noted that
statements contained herein that look forward in time which include
everything other than historical information, involve risk and
uncertainties that may affect a company's actual results of
operation. A company's actual performance could greatly differ from
those described in any forward - looking statements or
announcements mentioned in this release. Factors that should be
considered that could cause actual results to differ include: the
size and growth of the market for the company's products; the
company's ability to fund its capital requirements in the near term
and in the long term; pricing pressures; unforeseen and/or
unexpected circumstances in happenings; etc. and the risk factors
and other factors set forth in the company's filings with the
Securities and Exchange Commission. However, a company's past
performance does not guarantee future results.
Remember, never invest in any security of a company unless you can
afford to lost your entire investment. Also investing in micro-cap
securities is highly speculative and carries and extremely high
degree of risk
We encourage readers to invest carefully and read the investor
issuer information available at the web sites of the SEC. The SEC
has launched an investor-focused website to help you invest wisely
and avoid fraud at www.investor.gov and filings made by public
companies can be viewed at www.sec.gov and/or then FINRA at:
www.finra.org. In addition, FINRA has published information at its
website on how to invest carefully at
www.finra.org/Investors/index.htm.
Contact FBC Holdings
info@fbcholding.com
SOURCE FBC Holdings
