CHEYENNE, Wyo., Mar. 31, 2016 /PRNewswire/ -- FBEC Worldwide, Inc. (FBEC), a lifestyle brand company with a focus on hemp & CBD infused consumer products, is pleased to announce 50,000,000 common shares will be retired immediately.
FBEC has been informed by Midam Ventures LLC that they will be retiring 50,000,000 shares back to the Company's Treasury immediately.
Midam's managing partner Adam Heimann stated, "Myself and the entire MIDAM team care deeply about the longevity and success of FBEC Worldwide, Inc. We know that success and longevity is contingent upon many things. While we can't do everything, we can certainly do our part. We are retiring 50,000,000 shares of FBEC common stock in an effort to further improve its capital structure. We believe in this company and will do everything within our power to see it succeed."
CEO Jason Spatafora said, "I got the call from Mr. Heimann this morning, and to say I was floored would be an understatement. It is such a rarity to work with people & companies that truly believe and support you & your company's efforts. MIDAM Ventures & Adam Heimann have shown such support."
About FBEC Worldwide, Inc.
FBEC Worldwide is a lifestyle Brand Company with a focus on hemp & CBD infused consumer products, both domestic and abroad. We are committed to increasing our market size and scope through the optics of creative marketing and most importantly customer satisfaction. Our growth strategies focus on a number of major initiatives, including unique branding opportunities that will be targeted at key demographic groups and to develop strong community and distributor relationships.
FBEC Worldwide is currently developing and building hemp & CBD infused consumer products, focused on strong rates of growth within key fundamental consumer groups. Our company is dedicated to becoming the lead developer of name brand hemp & CBD infused consumer products.
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.
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SOURCE FBEC Worldwide, Inc.