FBC/Super Rad Industries Improves Balance Sheet 1,627,500 Will Become Convertible Preferred
01 Apr, 2011, 12:01 ET
LOS ANGELES, April 1, 2011 /PRNewswire/ -- FBC Holdings Inc. (OTC Markets FBCD), soon to be Super Rad Industries, is happy to announce to shareholders that 1,627,500 of the debt currently held on the balance sheet will become a convertible preferred at $0.625 per common share. "Enable Capital is an extremely respectable firm and understands the business plan of Super Rad Industries; we are extremely pleased that we have their confidence and that we are able to improve our balance sheet in this way for shareholders," said Christopher LeClerc. The company will be filing an 8k as this is a material event. "Super Rad is gearing up for its launches and we are excited by the future in front of us and the confidence granted by Enable Capital," said LeClerc.
About Super Rad Industries
Since 2006, Super Rad Toys has been at the forefront of the collectible art world, by producing innovative and high-quality vinyl collectibles that have gained an excellent reputation with collectors on a global basis. The founders aspired to create original and inspired vinyl collectibles to be acquired and cherished in the same way traditional art collectors do fine art. They specialize in translating licensing, branding concepts and turning intellectual property into tangible products including toys, figures, house wares, apparel, and collectibles. As a result, the company has secured a portfolio of intellectual property and through various acquisitions of licenses, properties, and rights to utilize highly visible product brands.
Today, Super Rad Industries' team of professionals are continuing the success of identifying valuable intellectual property and trends, securing licensing and solidifying business relationships to insure the intellectual property rights, and designing products, in order to provides the highest quality of products and collectibles to consumers and fans.
For more information about Super Rad Industries please visit the Super Rad Industries Website at http://www.superradindustries.com.
SOURCE FBC Holdings Inc.
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