CHEYENNE, Wyo., Aug. 5, 2015 /PRNewswire/ -- FBEC Worldwide, Inc. (OTC-QB: FBEC), a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages today announced that it is taking the necessary steps to reduce the company's authorized common shares by 40% from 5 billion to 3 billion authorized shares.
Robert Sand, CEO of FBEC Worldwide states, "We've taken the necessary steps to initiate this reduction in order to further tighten our share structure and continue to create shareholder value. With the launch of our first product the Wolf Shot H.E.M.P. Energy, which happened over this past weekend, we feel that by reducing our authorized share count FBEC Worldwide will have a more positive appeal to the investment community at large."
About FBEC Worldwide, Inc.
FBEC Worldwide is an innovative beverage company dedicated to offering proprietary products focused in target US and international markets. We are committed to increasing our market size and scope through creative marketing and maintaining high levels of customer satisfaction. Our growth strategies will focus on a number of major initiatives including unique branding opportunities targeted at key demographic groups, and to develop strong community and distributor relationships.
Through our relationships with industry leaders, we look to solidify our place in the market by producing high-quality beverages with unique additives based on formulas and recipes that will not be duplicated or reverse engineered.
Safe Harbor for Forward-Looking Statements:
This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
SOURCE FBEC Worldwide, Inc.