How does SEC allow these types of companies to exist?
This is one big SCAM
Per PR statements, there should be HUGE revenues:
Dated: March 20, 2014
FBC Interactive snags another purchase order for 600,000 units of the copper based technology compression fabric sports sleeve; justly supporting the Company's revenue targets.
"We have already begun fielding interest for many additional purchase orders," stated Mr. Frank Russo, Chief Executive Officer of FBC Holding, Inc. "We certainly anticipate the unit orders for this particular sports related product to exceed $20 million dollars in retail sales value."
Mr. Russo and Mr. Alfieri -- between them -- have launched and grown multiple brands garnering hundreds of millions of dollars in retail sales. Management expects that the marriage between these two experts will ultimately result in hundreds of millions of dollars of successful brands being launched and/or distributed by FBC Holdings.
Mr. Russo concluded, "We do expect that we will be able to announce an additional purchase order for at least half a million more units before long, given the current pace. This would allow us to exceed our target of one million unit orders by the end of the second quarter and certainly accelerate the tempo in meeting 2014 revenue estimates."
Dated: April 29, 2014
First revenue was the initial hurdle," stated Mr. Frank Russo, Chief Executive Officer of FBC Holding, Inc. "Continually hitting benchmarks becomes the next. However, now having sold 1.1mm units, we are just shy of reaching our target of $20 million dollars in retail sales value of just the knee sleeve alone."
