CHEYENNE, Wyo., July 8, 2015 Dear Shareholders,
I would first like to thank our current shareholders for their continued loyal support. The first half of 2015 was an exciting time for FBEC Worldwide, Inc. (OTC-PINK: FBEC) as we are now a fully reporting and SEC compliant public company. The second half of the year is shaping up to be full of corporate milestones that I believe will quickly see the Company progress into becoming a leading brand and producer of hemp infused products. Production is underway and we are on pace for our official launch of the "WolfShot" Hemp Energy™ Shot for the first week of August. But before I provide an update on our first of many upcoming product launches, I would like to address our shareholders regarding the most recently filed 8K.
In becoming a fully reporting company, our auditing firm, Malone Bailey LLP, provided a Management Rep Letter suggesting we fill the empty positions of CFO and COO as the SEC and FINRA require these positions to be held by a specific individual. In the most recently filed 8K, the Company announced that I will officially be taking on the positions and responsibilities of CFO and COO and increasing my salary by $120,000 a year. However, I do intend to bring in an experienced CFO soon after we become revenue producing and begin to see positive cash flow from sales.
My salary increase will not be in the form of cash but rather accrued debt in addition to the debt from the initial capital I personally invested into the Company. My focus is to allocate cash towards the official retail launch of the "WolfShot", marketing, and product development. An outside hire would also require additional stock compensation that would dilute shareholders down the road. I have every intention and will take every action to protect our shareholders against dilution.
We have brought on several experienced consultants to advise with certain decisions and strategies a CFO and COO would typically manage.
We are very excited to be less than one month away from the official retail launch of our hemp infused energy shot, "WolfShot". Production is underway and everything is on schedule. After an internal tasting, we have decided to add a pomegranate concentrate, the main catalyst for all natural cherry flavoring. The "WolfShot" will taste much better than the typical and leading energy drink while maintaining a 100% all natural formula without any artificial flavoring or preservatives.
The "WolfShot" will be available online through www.Amazon.com, www.Alibaba.com, and our corporate website. We are in talks with a couple major nationwide retail stores to conduct centralized product trials. We will also be seeking pro-cannabis celebrity endorsement in which we have already received high interest from multiple personalities to come on as an official spokesperson. Lastly, we are targeting a few Las Vegas nightclubs and casinos to carry the "WolfShot". Unfortunately, I cannot elaborate any further as we are still in the negotiation process and no deals have been officially finalized. As these promising avenues begin to materialize, the Company will update shareholders through press releases and 8K filings.
I close with thanking our current shareholders for their continued support as we look forward to what should be a ground-breaking year for FBEC Worldwide, Inc.
FBEC Worldwide, Inc.
Chief Executive Officer
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.