NEW YORK, April 24, 2012 /PRNewswire/ -- FBC Holding (Pink Sheets: FBCD) is extremely excited to announce its licensing agreement with Mike Kern of Sport Technology LLC for their Flowboard product.
Since 2003, Mike Kern and Sport Technology have revolutionized the action sport world with the Flowboard. The Flowboard is an evolution of the modern skateboard. It has a total of 14 wheels that allows for greater flexibility in turning and leaning from side to side. This flexibility gives it the feel of a surfboard or snowboard while allowing the rider to use it in almost any urban climate. The unique design of the Flowboard allows riders to lean up to 45 degrees versus the traditional 25 degrees of a regular skateboard. The Flowboard was originally designed to bring the experience of riding waves and powder to urban asphalt. For more information on the Flowboard please see the following Los Angeles Time Article: The Flowboard.
Over the last few years Kern and Sport Technology has received overwhelming support and success with the Flowboard launch. In its first year alone, sales reached nearly $1,000,000 of the Flowboard. Since then sales and demand have continued to rise surpassing the $4,000,000 mark. In addition to being sold at a number of specialty skate, surf, and snow shops, the Flowboard has also been sold in many major national retail chains.
By Partnering up with Mike Kern and Sport Technology, FBC continues to branch out and expand the revenue potential for the company. "The flowboard, and more importantly Mike Kern further adds to the business model and the ability to create more significant revenues quickly," said Christopher LeClerc
Additionally we would like to update shareholders that the progress on our new web application is nearing completion. We expect to go live in the very near future as we continue to finish up work on the back end. With the addition of Mike Kern, Todd Wahnish, and the upcoming launch of our new web application, we feel more confident than ever that FBC can continue to grow as a company.
Lastly in regard to the press release this morning, the company is unaware of any judgment nor has any current member ever been notified or received any correspondence otherwise from the California Superior Court. We are working diligently to find a resolution.
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SOURCE FBC Holding