FBC Holdings Updates Shareholders

NEW YORK, March 1, 2012  /PRNewswire/ -- FBC Holdings Inc. (OTCMarkets FBCD) is pleased to update its shareholders.  First and foremost the company will file its 14c for name change, we plan to file within the next ten business days.  "We look forward to our name change and branding ourselves going forward," said Christopher LeClerc, President of FBC Holdings.  We also in the process of finishing the web application that will, not only cater to the toy industry, but more so to the artist community as well, giving both the seller and user an individualized experience. The company is presently in negotiations with potential partners that will enable the user to have a unique and dynamic experience, while at the same time allowing wholesalers to interact with other wholesalers, retailers, consumers, and collectors.  "We feel we have a tremendous opportunity to work with partners that are highly educated and entrenched in the art and toy world, providing a platform that will build and capitalize on the use of social network, as well as industry leading functions and features in order to reach the masses," said Steven Miller, Vice President of Sales.  We plan to have a solid core of subscribers to both utilize and promote the website. We are working closely with designers and engineers that are currently working or have worked with leading daily deal sites and entertainment corporations. Additionally, "the company expects strong support and growth over the coming year, given the addition of new artists and partners the company will introduce new products, and given the new web platform will enable us to greatly increase our sales," continued LeClerc.  Lastly, the company has no plans on new financing,  the purpose of the increase was to give the company the opportunity to compensate new hires with equity in lieu of cash.  "We are a small growing business, we want to make sure of two things, one that we have cash on hand to grow the business, secondly we want the people that help us build this business to have a stake in its growth, having equity that vests over time is a great way of giving people a stake," said LeClerc.

Contact:
FBC Holdings, Inc.
585-354-1243

SOURCE FBC Holdings Inc.