NEW YORK, May 16, 2013 /PRNewswire/ -- (OTCQB: FBCD) FBC
Holding, Inc. would like to update its shareholders on recent
events.
FBCD has been proceeding with its due diligence investigations
of two companies with which Letters of Intent have been previously
announced.
Frank Russo, CEO of FBCD stated
that, "Our due diligence is proceeding according to plan with both
entities. The first target that we announced has been operating for
14 years and last year generated $1.3
million in revenue and had an adjusted EBITDA close to
$200,000. In one recent year not too
long ago, the company earned revenues in excess of $3 million. The company is a provider of used and
refurbished machinery utilized in the PCB (Printed Circuit Board)
and SMT (Surface Mount Technology) industry. The PCB/SMT is
one of the sectors of the $2.17
trillion global electronics industry(1). Of
course, the most attractive characteristic of this particular
transaction is that the company is profitable, however it also has
the characteristics that we seek in evaluating companies for
incorporation into FBC, those characteristics being revenue
producing, high gross margins and low DSO and CapEx.
"This is an important transaction for FBC and all parties are
working diligently to proceed to a closing. We still have a lot of
work to do , so we are continuing to watch for other opportunities
as nothing is accomplished until the deal is closed."
(1) IPC, Inc.
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,
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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 1 9 9 3 and Section 21 E of the Securities
Exchange Act of 1 9 3 4 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 lost 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.
Contact FBC Holding Inc.
info@fbcholdinginc.com
SOURCE FBC Holding, Inc.
