FBC Holding Announces Letter of Intent
NEW YORK, April 8, 2013 /PRNewswire/ -- (OTC Markets: 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 a US-based provider of a unique suite of solutions aggregated into a proprietary dashboard which allows business owners to engage in various forms of Internet marketing including email, text messaging, SEO, social media marketing and analytics with a simple-to-use interface. The company currently specializes in applications for financial services professionals but its technology can be easily applied to virtually any business segment.
We are continuing to seek and evaluate additional businesses and have also 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 be printed on virtually any surface including paper and textiles using any commercial printer. We will continue to keep our shareholders up to date on these and other discussions.
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.
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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 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.
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SOURCE FBC Holding, Inc.