FBC Holding Announces Executed LOI with Tech Company.
PR Newswire "Press Releases US - English"
NEW YORK, May 6, 2013 /PRNewswire/ --(OTCQB: FBCD)
We previously announced that we have begun discussions with several operating businesses with an interest in bringing those entities into
Frank Russo, CEO of
All of these opportunities meet with our management's established criteria of being revenue stage, operating businesses with low DSO and CapEx requirements and short AR turnover. Also these businesses that we are evaluating will be immediately accretive to earnings. These and similar businesses will diversify the company's revenues and form a good base upon which we can grow.
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Some of the content in this release may contain forward - looking information within the meaning of Section 27 A of the Securities Act of 1 9 9 3 and Section 21 E of the Securities Exchange Act of 1 9 3 4 including statements regarding expected continual growth of the Company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect a company's actual results of operation. A company's actual performance could greatly differ from those described in any forward - looking statements or announcements mentioned in this release. Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company's products; the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the company's filings with the
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