Penny Stock Observer

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FBEC Worldwide, Inc.s Chairman and CEO, Robert Sand, Issues a Letter to FBEC Shareholders

May 13, 2015 - http://www.wfla.com/story/29053549/fbec-worldwide-incs-chairman-and-ceo-robert-sand-issues-a-letter-to-fbec-shareholders

We have recently formed a strategic partnership with Southern California-based BAXCO Pharmaceuticals to process and package our newly formulated hemp-based beverage formula. BAXCO Pharmaceuticals was established in 1996 and quickly became a leader in the competitive world of pharmaceutical contract manufacturing of vitamins and supplements. FBEC has acquired the exclusive rights to various hemp-based formulas developed by BAXCO’s leading scientist, Dr. Horst Krupp. Further, FBEC is in active negotiations with various other revenue generating beverage companies we are looking to acquire. Our goal is to develop a scale of economy with these acquisitions and our existing Frontier Beverage product line.


Business Description

http://www.otcmarkets.com/stock/FBEC/profile

FBEC Worldwide, Inc.is an innovative beverage company dedicated to offering proprietary products focused towards significant target markets both domestic and abroad. We are committed to increasing our market size and scope through the optics of creative marketing and most importantly customer satisfaction. Our growth strategies will focus on a number of major initiatives including unique branding opportunities that will be targeted at key demographic groups, and to develop strong community and distributor relationships. As we look ahead FBEC Worldwide will develop and build name brands focused on strong rates of growth within key fundamental consumer groups. Our company goals will be to become a leading developer of name brand beverage alternatives geared specifically towards large, significantly important demographics within major markets.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10655597

In connection with the Board Meeting on April 28, 2015 of FBEC Worldwide Inc., a Wyoming corporation, the Board of Directors and majority of stockholders appointed Robert S. Sand as the Chairman and Chief Executive Officer. The Board of Directors has authorized the Employment Contract for Robert Sand, inclusive of Salary and Stock per the reference of Exhibit 10.1


Robert S. Sand, age 32, Chairman and Chief Executive Officer, has extensive experience developing new businesses and start-ups. A graduate from Florida State University with a B.A. Degree in Business Management, with an Associate’s Degree from Barstow Community College in California; Robert felt compelled to serve 3 years in the U.S. Military beginning on December of 2001 (a few months after 9/11) with basic training at Ft. Jackson, SC as a Pvt. I. He advanced to private first class after completing basic training and airborne school, and continued advanced schooling in Aberdeen Maryland. He was promoted to specialist upon deployment to Knar Afghanistan as combat squad leader, and he received many awards for serving his country. Robert completed NCO school in Korea and accepted a promotion to Sgt/E5 just prior to his Honorable Discharge. His post-military career included his own construction company as a licensed contractor and major vendor to the Fortune-100 Empire Today LLC for several years where he excelled averaging $17M a year as the National Commercial Manager. Robert has recently invested his interests into being a managing partner for a small capital advisor firm in Northern California where he resides today. Robert has accepted his position as Chairman and CEO of FBEC Worldwide, Inc. in order to offer his expertise in growing the company and building shareholder equity.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10681908

In accordance with the Amendment NO. 1 to the Employment Agreement for Robert Sand, Chairman and CEO, the Company is obligated to issue 150,000,000 of common stock. Therefore, the Company authorizes Securities Transfer Corporation to issue 150,000,000 Restricted Common Shares in the name of Robert Sand.

Pursuant to the request of S&L Capital, LLC, the Board has authorized the conversion of 8,999 Preferred Series-A Stock to Restricted Common Stock pursuant the conversion features as stated in the Articles of Incorporation. There will be a 12 month maturity date of the restricted common stock effective May 1, 2016. S&L Capital, LLC agrees to allow the company the right of first refusal to prepay the common stock and retire the restricted common shares back to the treasury on or before the maturity date. According to the Articles of Incorporation, the shares of Preferred Stock created hereby shall be designated the "Series A Convertible Preferred Stock" (the "Series A Preferred Stock") and the authorized number of shares constituting such series shall be 10,000, par value $.001, with a stated value of $100 per preferred share. The Series A Preferred Stock shall rank senior to the all other classes of Preferred Stock as to dividends, distributions or as to distributions of assets upon liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary. Subject to and upon compliance with the provisions with the holders of the shares of Series A Preferred Stock shall be entitled, at their option, at any time to convert all or any such shares of Series A Preferred Stock into a number of fully paid and non-assessable shares (calculated as to each conversion to the nearest 1/100,000th of a share) of Common Stock. The number of shares of Common Stock to which a holder of Series A Preferred Stock shall be entitled upon conversion shall be determined by dividing (x) $100 by (y) the average of the closing bid price for the 10 days prior to the conversion request or requirement of the Company’s Common Stock. This formula is referred to as the “Conversion Formula”. Therefore, the company authorizes Securities Transfer Corporation to convert 8,999 shares of Preferred Series-A shares to 53,406,528 restricted Common shares in the name of S&L Capital, LLC.