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stockmasterflash

04/22/17 1:15 PM

#37835 RE: MD-420 #37834

Spatafora resigned after 3 months

http://www.prnewswire.com/news-releases/fbec-worldwide-inc-ceo-jason-spatafora-issues-shareholder-update-300244768.html

Today the company is in a position to thrive in this sector and is poised for growth moving ahead. Our capital structure is healthier and our product lines are ready for their next steps, the only thing that FBEC needs in all honesty is someone to take it to the next level. Effective immediately I will be stepping down as CEO and taking a transitional role in FBEC. This decision is one that is being made without complexity or pride. Since taking the position of CEO I have always seen my role as a phase one manager tasked to clean up the corporate structure, develop finished product lines and prepare it for the candidate that has the ability and expertise to take them to the next level of commerce.