FBC Transfers Hemp Interest Between Divisions, From Agriculture to Interactive, to Leverage Health & Wellness Sales Success
June 24 2014 - 8:07AM
Marketwired
FBC Transfers Hemp Interest Between Divisions, From Agriculture to
Interactive, to Leverage Health & Wellness Sales Success
On Heels of FBC's Health & Wellness Product Exceeding Sales
Targets, FBC Looks to Focus Efforts; Hemp & Cannabis Products
Now Centered on Pain Management
NEW YORK, NY--(Marketwired - Jun 24, 2014) - FBC Holding, Inc.
(PINKSHEETS: FBCD) ("FBC" or the "Company") an international
product development Company primarily focused on license/creation
management and product sales/distribution through DRTV, announced
that the Company will transfer its interest in the hemp and
cannabis space, from its Agriculture division to its successful
Interactive division -- focusing mainly on developing additional
products for the Heath & Wellness segment; with an emphasis on
pain management products.
"The success of our copper based, technology fabric compression
sport sleeve, has opened the door to explore other opportunities
within the health and wellness industry," said Frank Russo,
President of FBC Holding. "It is commonly known that hemp and some
cannabis derived medicines and nutraceuticals have been used and/or
prescribed for pain management. We plan to take resources that were
originally allocated to our agricultural division, and redeploy
them to focus on our Interactive Division's health and wellness
segment; actively growing its pipeline of pain management
products."
The Company originally expanded into the Hemp markets with the
expectation of developing and acquiring products that would align
with the primary business model. After closer evaluation,
management found that the cost to procure and develop various hemp
related agricultural prospects was a style drift from the current
working model. It was also deemed much less economical when
compared to those opportunities in health and wellness -- where the
Company's sales are currently flourishing. FBC has already
determined its primary direction as it relates to hemp and
researching those pain management products incorporating cannabis.
The Company is currently in talks with several groups to research
and produce, focused pain management related products that are
topical, ingestible and marketable through the Company's successful
DRTV model.
Mr. Russo concluded, "For the time being, it is important that
we leverage products that can be sold through DRTV. We have
identified several opportunities in hemp related pain management
solutions that would nicely complement our current pain management
products. These items can be developed and brought to market
quickly. So we plan to move swiftly in bringing these prospects
online to take advantage of the current pace set by the sales of
our compression sport sleeves."
Orders for the copper based technology fabric compression sport
sleeve have already exceeded FBC's expectations. Management is
confident that with the appropriate topical or ingestible pain
management product incorporating hemp, FBC should continue to do
extremely well with the Company's current customer base and target
audience.
About FBC Holding,
Inc. FBC Holdings develops and markets innovative products
using a 'new proprietary' technology whereby buttons, switches,
wires and other electrical components can be printed on nearly any
media. Management is experienced in Direct to Consumer
Marketing (design, manufacture and market creative products
leveraging cutting edge technology). FBC's market is diverse,
covering consumer products, health care related products, and, toy
and entertainment products.
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industry's actual results, levels of activity, performance or
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levels of activity, performance or achievements expressed or
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forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost
always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested
herein. Except as required by applicable law, including the
securities laws of the United States, the Company does not intend
to update any of the forward-looking statements to conform these
statements to actual results. Readers are referred to the sections
entitled "Risk Factors'' in the Company's periodic filings with the
United States Securities and Exchange Commission, which can be
viewed at http://www.SEC.gov. For all details regarding working
interests in all of FBC Holding's interest, and/or any previous
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