Thursday, December 11, 2014 12:49:57 PM
Where is the $20 million in revenue?
I would not believe any PR issued by this company. Also pay attention to the paid promotions, follow those that pump, pretty clear who is a paid promoter.
http://www.marketwired.com/press-release/fbc-holding-books-first-revenues-for-financials-pinksheets-fbcd-1930598.htm
Payments received in this third quarter are a direct reflection of the sales/receivables that were generated off initial purchase orders that were sold in the first quarter: approximately 28% of the cash due to the Company. FBC expects to collect the remaining 70±% of its cash receivables over the next 90 days, which should "reflect well in the 3rd Quarter Disclosures," stated Russo.
Having sold over 1.1mm units, the Company is just at its target number of $20 million dollars in retail sales value for just the knee sleeve alone. With DRTV infomercial programming reaching homes across America, FBC's first Copper Tech product is being viewed by a growing national audience. As copper-based products overall continue to become highly recognized, FBC expects to see more sales of its compression knee sleeve as the Company, and its partners, prepare to roll out additional Copper Tech infused products this year.
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