NEW YORK, May 15, 2013 /PRNewswire/ -- (OTCQB: FBCD) FBC Holding, Inc. would like to update its shareholders on recent events.
FBC Holding Inc. reports the resignation of Kevin Wright as director, officer and consultant to the company. Such resignations were effective on May 8, 2013 (as director), and May 9, 2013 (as consultant and officer). Mr. Wright did not provide the Company with a reason for his resignation.
Frank Russo, FBC Holding's CEO, stated that, "Kevin was engaged for his expertise in the action sports industry. FBC is no longer pursuing action sports as a going concern, but will focus on other areas such as technology, manufacturing and natural resources. We have the opportunity to bring on to our board individuals with experience that with assist us in moving ahead with our business plan and the Company's new direction. We are currently in the process of liquidating all of our action sports industry to produce revenues which can be applied to the discovery and incorporation of such new business entities."
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 lose your entire investment. Also investing in micro-cap securities is highly speculative and carries an 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.
Contact FBC Holding
[email protected]
SOURCE FBC Holding Inc.
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