Company Has Decided to Enter the Mainstream Retail Market, Once Testing is Completed and Products Go Through Their Due Diligence
NEW YORK, NY / ACCESSWIRE / September 11, 2014 / FBC Holding, Inc. (OTC Pink: FBCD) (FBCD) ("FBC" or the "Company") an international product development company primarily focused on license/creation management and product sales/distribution through DRTV, announced that the company will pursue its own line of products and market them under the Copper-Tech brand name.
"We are very excited that we are able to stick with our strategy and utilize the fabrics that we have developed, in order to build out Copper-Tech performance based products. Driving revenue and building profitable margin into our products, without sacrificing quality is extremely important. According to a Boston-based research firm Trefis, the global sports apparel is set to grow to $178 billion alone, by the year 2019. With this in mine, we are developing products that not only fit into this sector but we are actively pursuing products within other categories, such as Health / Wellness, Home Goods and Footwear, to name a few" said Mr. Frank Russo, Chief Executive Officer of FBC Holding, Inc., "Knowing that we successfully launched a compression knee sleeve program, validated with our team that we have the right formula to be successful. As we move forward, capturing margin for our company is where our focus will be. Having the ability to be a ‘vertical’ operation will allow us the elasticity to achieve increased revenues, streamline our operation and offer our company the flexibility to deliver quality products to the consumer."
"Being able to execute on a plan does not happen overnight or by mistake, we are now dedicating our efforts to those areas that we know fit into the sweet spots of our team. More importantly, we are focused on building out our revenue model, through traditional brick-n-mortar distribution but more importantly taking our products right to the consumer via e-commerce." stated Mr. Russo, "We are utilizing our resources to build out our e-commerce site and we are now in talks with a company that specializes in DRTV production and web testing. Once we have an agreement, we will have a workable platform and quantitive results within a few weeks."
Being able to elevate our business model and drive revenue into the company is paramount. Having the ability to operate with this in the forefront of our business, will lead the company into a position of generating cash flow. As we build out Copper-Tech and test the marketplace with a well seasoned producer, will provide us with many answers that will lead the company into solid business decisions.
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