New management was brought on in late summer of 2012 and former management was terminated. New management consisted of Frank Russo as director and CEO. New management promptly discovered numerous issues from judgments against the company to lack of financial controls and a business plan that was ill-conceived being.
FBC Holding Inc
60 Cedar Lake West
Denville, NJ 07834
FBC Holding was formed back in 2006 and has gone through several iterations and business plans since then. Most recently, we planned to become involved in the actions sports business and our former management represented to have negotiated a deal with a company which also represented that it owned certain licensing rights to a unique type of skateboard called the Flowboard. The Flowboard was a very cool product which unlike the typical skateboard had 14 wheels arranged in an arc beneath the deck which allowed the rider to tilt the board at a 45 degree angle which gave the sensation of creating a “deep carve” into the pavement and delivering a riding experience more similar to riding a snowboard or surfing than to a traditional skateboard.
Notwithstanding that fact that the Flowboard was a unique product we unfortunately discovered that previous management had not signed agreement for the marketing rights to this product and furthermore the company that had claimed to possess these assignable rights did not, in fact, have any claim to the IP related to the product at all.
We now have a stable and compliant organization and have started the next phase of finding stable and viable businesses to incorporate into our company and build an organization of value. Businesses that we are seeking would ideally have the following characteristics:
- High gross-margin business, and;
- Low cost of financing receivables, and;
- Low cap ex
But most of all, we want to build a real business with long-term value. Some of the types of businesses that we are evaluating are several technology businesses, natural resources and consumer products.
We have been speaking with a company that has developed an application that provides small and medium businesses an easy to use GUI in which these businesses can efficiently manage the social media image, monitor various social sites, and develop marketing plans through email, test messaging, and drip-marketing using a very simple dashboard. The client also has the option of engaging the company for these and other services and be able to monitor the effectiveness of the campaign. This opportunity is an early stage, operating company.
FBC Holding began as a uranium mining company. The Company is currently reviewing several opportunities in natural resource mining. The companies that are being considered are all production-stage companies that are producing monthly revenues and would be immediately accretive to earnings.
The Company has been in discussions with a Company that possesses a technology that can print very simple to moderately complex electronic circuitry on to nearly any surface including textiles, plastics, metal and paper. Such technology has myriad applications and FBC is discussing lighting applications that can be powered by circuitry that can be painted or printed on to a surface without wires or any “hard” electronic components.
We are currently at various stages of involvement with each of these companies and we are continually on the lookout for new businesses that we can make a part of our Company and we expect to be able to provide some further information on one or more in the days and weeks to come.
We realize that over the last six years FBC Holding has presented several business plans and morphed from a mining company to a toy company to an action sports company as well as a few more in between. FBC is, first and foremost, a Holding Company. We are going to seek out businesses with solid plans, in a growing industry with specific characteristics. We will not seek to rush into any transaction but rather will perform thorough due diligence and only consider transactions that we believe can be immediately accretive to earnings.
FBCD Security Details
| Market Value1 || $166,781 || a/o Oct 16, 2013 |
| Shares Outstanding || 55,593,817 || a/o Jun 21, 2013 |
| Float || Not Available |
| Authorized Shares || Not Available |
| Par Value || 0.001 |
| Shareholders of Record || 75 || a/o Nov 21, 2012 |
- Capital Change=shs increased by 15 for 1 split Ex-date=08/07/2007. Rec date=07/30/2007. Pay date=08/06/2007.
- Capital Change=shs decreased by 1 for 300 split Pay date=11/20/2008.
- Capital Change=shs decreased by 1 for 500 split. Ex-date=02/06/2013.
Transfer Agent(s) Island Stock Transfer
FBC Holding, Inc. Releases Update to Shareholders
NEW YORK, Feb. 27, 2013 /PRNewswire via COMTEX/ — (otcqb:FBCDD) FBC Holding, Inc. would like to update its shareholders on recent events.
FBC Holding recently took shipment of a supply of Flowboards and Snow Skates. This represents our first shipment of active and extreme sports products and we have already begun the marketing and sales of these products
Over the last two quarters FBC Holding has undergone a number of significant changes. We have replaced our previous management and brought in a new slate of officers and directors. We have spent most of our time resolving several issues and problems that we have inherited and we are pleased to say that these issues are now behind us and we are ready to proceed with our new business plans and to begin generating revenues.
We will begin this process with two initial products. The Flowboard about which we have previously spoken and for which we will begin taking orders for the upcoming spring season. In addition, a new product the Railz? Snow Skate is now in inventory and available for sale.
Previous management had announced that the Company had entered into licensing agreements with Sports Technology for the exclusive worldwide marketing and distribution of all of Sports Technology’s existing intellectual property (“IP”). Sports Technology represented that among this IP was an agreement with the owners of the Flowboard design and distribution rights which granted Sports Technology assignable and exclusive rights to marketing and distribution of the Flowboard and other products and other ancillary rights of usage. Notwithstanding the Company’s previous announcements, and Sports Technology’s representations, current management has found no evidence of an existing agreement between the Company and Sports Technology assigning such rights, nor has Sports Technology been able to provide the Company with any documentation that it actually possesses any rights to the IP that it sought to convey to the Company. FBC Holding has thus terminated all agreements and relationships with Sport Technology and advises its shareholders that Management’s position is that the company holds no exclusive marketing agreements for the Flowboard. Notwithstanding that, we have taken possession of certain inventory including Flowboards, Snow Skates and skateboards and will continue to market and sell these products on a non-exclusive basis.
Also, Management is currently in discussions with several companies in the technology space that are being considered for incorporation into FBC Holding which will diversify the company’s revenues and mitigate the seasonality associated with its current lines of business. We expect to announce one or more of these additional within the next several weeks.
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 consult with a licensed securities professional before purchasing or selling any securities of any company including out 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 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 Holdings firstname.lastname@example.org
SOURCE FBC Holding, Inc.
| Form Type || Received || Period Ending || Size || Report |
| 8-K || Jun 28, 2013 || Jun 26, 2013 || 56.0 KB || PDF RTF HTML XLS |
| 10-Q || Jun 25, 2013 || Apr 30, 2013 || 1.4 MB || PDF RTF HTML XLS |
| NT 10-Q || Jun 17, 2013 || Apr 30, 2013 || 30.3 KB || PDF RTF HTML |
| 8-K || May 20, 2013 || May 10, 2013 || 46.8 KB || PDF RTF HTML XLS |
| SC 13G || May 10, 2013 || || 42.1 KB || PDF RTF HTML XLS |
| 10-Q || Apr 24, 2013 || Jan 31, 2013 || 1.4 MB || PDF RTF HTML XLS |
| SC 13G || Apr 2, 2013 || || 88.1 KB || PDF RTF HTML XLS |
| NT 10-Q || Mar 15, 2013 || Jan 31, 2013 || 36.6 KB || PDF RTF HTML XLS |
| 8-K || Feb 7, 2013 || Feb 6, 2013 || 446.8 KB || PDF RTF HTML XLS |
| 10-Q || Jan 23, 2013 || Oct 31, 2012 || 1.3 MB || PDF RTF HTML XLS |