FBC Holding Inc. Announces Shareholder Update on Company Acquisitions and Projects
June 27 2013 - 8:15AM
Marketwired
(OTCQB: FBCD) -- FBC Holding, Inc. is proceeding with its due
diligence investigations of two companies with which Letters of
Intent have been previously announced, and would like to update its
shareholders on the status of its endeavors to bring these
operating businesses into the company.
The first company is FortuneTech, Inc. which has been operating
for 14 years and last year generated $1.3 million in revenue and
had an adjusted EBITDA close to $200,000. The company's best year
occurred in 2005 when total revenues exceeded $3.2 million. The
company is a re-seller of used and refurbished machinery in the PCB
(Printed Circuit Board) and SMT (Surface Mount Technology)
industry. The PCB and SMT market combined is a $2.17 trillion
global electronics industry. The most attractive characteristic of
this transaction is that the company is profitable. Additionally,
as with all other potential acquisitions, it is revenue producing
and has high gross margins and low DSO and CapEx.
FBC Holding is also proceeding with its evaluation of a project
introduced by Dutch Gold Resources, Inc. (PINKSHEETS: DGRI). FBC
Holding and Dutch Gold will investigate several opportunities which
DGRI has identified and developed preliminary business plans. These
opportunities are all related to gold mining and gold mining
services in Nicaragua. FBC is gathering industry experts and will
schedule a due diligence trip to the sites in the near future.
Disclaimer and Release of Liability The Company is advising
readers that non-affiliate shareholders of the company, and the
Company may, from time to time, engage the services of unaffiliated
firms to provide investor relations and advertising services. These
third party shareholders may own the Company's shares and plan to
liquidate, which may negatively affect the stock price. All content
in our releases is for informational purposes only and should not
be construed as an offer or solicitation of an offer to buy or sell
securities. Neither the information presented nor any statement or
expression of opinion, or any other matter herein, directly or
indirectly constitutes a solicitation of the purchase or sale of
any securities. The Company does not purport to provide an analysis
of any company's financial position, operations or prospects and
this is not to be construed as a recommendation by the Company or
an offer or solicitation to buy or sell any security. Neither the
Company nor any of its members, officers, directors, debt-holders,
contractors or employees are licensed broker-dealers, account
representatives, market makers, investment bankers, registered
investment advisors, analyst or underwriters. Readers should always
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or selling any securities of any company including our own. It is
possible that a reader's entire investment may be lost or impaired
due to the speculative nature of the investment.
Some of the content in this release may contain forward-looking
information within the meaning of Section 27 A of the Securities
Act of 1993 and Section 21 E of the Securities Exchange Act of 1934
including statements regarding expected continual growth of the
Company and the value of its securities. In accordance with the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 it is hereby noted that statements contained herein
that look forward in time which include everything other than
historical information, involve risk and uncertainties that may
affect a company's actual results of operation. A company's actual
performance could greatly differ from those described in any
forward-looking statements or announcements mentioned in this
release. Factors that should be considered that could cause actual
results to differ include: the size and growth of the market for
the company's products; the company's ability to fund its capital
requirements in the near term and in the long term; pricing
pressures; unforeseen and/or unexpected circumstances in
happenings; etc. and the risk factors and other factors set forth
in the company's filings with the Securities and Exchange
Commission. However, a company's past performance does not
guarantee future results. Remember; never invest in any security of
a company unless you can afford to lose your entire investment.
Also investing in micro-cap securities is highly speculative and
carries and extremely high degree of risk. We encourage readers to
invest carefully and read the investor issuer information available
at the web sites of the SEC. The SEC has launched an
investor-focused website to help you invest wisely and avoid fraud
at www.investor.gov and filings made by public companies can be
viewed at www.sec.gov and/or then FINRA at: www.finra.org. In
addition, FINRA has published information at its website on how to
invest carefully at www.finra.org/Investors/index.htm.
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