CHEYENNE, Wyo., July 15, 2015 /PRNewswire/ -- FBEC Worldwide, Inc. (OTC PINK: FBEC), a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages including H.E.M.P.™-branded energy shots and drinks and nutraceutical supplements, today announced the stated plans for up-listing the company's stock to the OTCQB.
The OTCQB® Venture Marketplace is for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
The company is confident that the application process will go smoothly to move from the OTC PINK SEC Reporting to the OTCQB within the next 30 days, while management looks at this as a very positive event for FBEC Worldwide and its shareholders. The OTCQB designation brings with it a higher level of transparency and reporting requirements to increase existing shareholder value. The Company is currently DWAC compliant with the DTC.
Robert Sand, CEO and Chairman of FBEC Worldwide, Inc., states, "Issuers on the OTCQB enhance the market makers in being able to choose the full service, one stop shopping of the OTC Markets and to quote the stock of over the counter trading Issuers. We anticipate sales and marketing of our new product line, and with new beverages on our drawing board, and a target of $50M in sales over the next 24 months, we will focus on meeting the requirements for the New York Stock Exchange."
In building the company's image and taking over from previous management, FBEC Worldwide will undergo this process in order to better show its commitment to developing a strong organization with a solid foundation.
About FBEC Worldwide, Inc.
FBEC Worldwide is an innovative beverage company dedicated to offering proprietary products focused in target US and international markets. We are committed to increasing our market size and scope through creative marketing and maintaining high levels of customer satisfaction. Our growth strategies will focus on a number of major initiatives including unique branding opportunities targeted at key demographic groups, and to develop strong community and distributor relationships.
Through our relationships with industry leaders, we look to solidify our place in the market by producing high-quality beverages with unique additives based on formulas and recipes that will not be duplicated or reverse engineered.
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.
SOURCE FBEC Worldwide, Inc.