CHEYENNE, Wyo., Oct. 20, 2015 /PRNewswire/ -- FBEC Worldwide, Inc. (FBEC), a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages, is pleased to announce the signing of a Letter of Intent (LOI) with CBD Globe Distributors Ltd. to distribute the Company's WolfShot™ Hemp Energy™ shot throughout Europe and the United Kingdom. According to the terms of the LOI, the Company will also partner with CBD Globe Distributors' proprietary CBD product line, the Ma Brand, and manage sales, marketing and distribution in the United States.
The LOI not only gives the Company access to an established distribution channel throughout Europe for their flagship WolfShot™ product, but also enters the Company into the rapidly expanding CBD market. CEO Jason Spatafora explained, "Partnering with CBD Globe Distributors is a synergistic and strategic move that greatly benefits both parties, shareholders and the collective brands themselves. I have been actively searching for ways to break into the CBD market in the most efficient & cost effective way possible. I am confident we have done just that by means of a partnership with the team at CBD Globe LTD and the turnkey operation built around the Ma Brand CBD product. This CBD Vaping product has a highly refined CBD oil made from hemp grown in the United States. The Ma Brand is already produced, packaged, and ready for distribution. Having this partnership with inventory ready for sale and a team with the capital means to scale up both new & existing products should be very exciting to shareholders."
Before entering into the LOI, the Company consulted with mCig, Inc. as they had previously signed a Master Distribution Agreement with CBD Globe Distributors. mCig, Inc. verified the effectiveness of CBD Globe's European distribution channel. mCig management determined their bandwidth would be more effectively utilized by focusing on their own proprietary CBD oil brand, which has been selling quite well from what we understand.
Mr. Spatafora said, "After speaking with Mr. Rosenberg of mCig, Inc., I knew partnering with CBD Globe was advantageous for us, as we get a turnkey product that's designed, packaged and ready for sale. Adversely MCIG gets to focus on the success they are having with their current brands and focus their attention to continued success." He continued, "CBD Globe gives us a presence in Europe with a pipeline built off of high demand for high end CBD products. This compliments the distribution agreements in the U.S. and Canada we are finalizing as well as open up a more expansive retail base sector wide with more products such as WolfShot down the line."
About FBEC Worldwide, Inc.
FBEC Worldwide is an innovative beverage company dedicated to offering proprietary products focused towards significant target markets, 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 will 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.
As we look ahead, FBEC Worldwide will develop and build name brands focused on strong rates of growth within key fundamental consumer groups. Our company is dedicated to becoming a leading developer of name brand beverage alternatives geared specifically towards large, significantly important demographics within major markets.
About CBD Globe Distributors Ltd
London based CBD Globe Distributors Ltd (CBDG), creator and owner of the má brand, is a focused and energetic young business. The company's objective is to distribute CBD based products as rapidly and widely as possible, across Europe and overseas using the má brand as the prestigious messenger. Firm believers in CBD and the health benefits and integrity of this remarkable product, CBDG's mission is to expand our range across all categories and to work with the most advanced market leaders in this field.
SOURCE FBEC Worldwide, Inc.