FBC Holding in Talks With International Cannabis Seed Producer to Secure U.S. Distribution
March 27 2014 - 11:06AM
Marketwired
FBC Holding in Talks With International Cannabis Seed Producer to
Secure U.S. Distribution
FBC Engages Yuti Kusumawijaya in Discussion for an Exclusive
Supply and Distribution Partnership in the United States
NEW YORK, NY--(Marketwired - Mar 27, 2014) - FBC Holding, Inc.
(PINKSHEETS: 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 has entered into negotiations with international
cannabis seed producer, Yuti Kusumawijaya, to gain a right to sell
and distribute Yuti Kusumawijaya cannabis seeds within the United
States.
"With the passage of the U.S. Farm Bill in 2014, the legalizing
of marijuana in Colorado and Washington, along with the
decriminalizing of marijuana possession in several states, we look
to be in a 'first mover position' when the inevitable occurs and
the larger part of the country follows the example of Colorado and
Washington," stated Mr. Frank Russo, Chief Executive Officer of FBC
Holding, Inc. "Having an arrangement with a major cannabis
seed producer to market and distribute high grade seeds within a
rapidly growing marijuana tolerant nation, would well position our
budding agricultural division to take advantage of FBC
Interactive's marketing and sales outlets."
FBC Holding is aware that the use, sale and possession of
cannabis (marijuana) in the United States continues to be illegal
under federal law, however, some states have created exemptions for
medical cannabis use, as well as decriminalized non-medical
cannabis use. It is expected however, that the rest of the
country will eventually follow suit. FBC would be responsible
for all reporting, licensing and/or any other action deemed
appropriate by any U.S. governing body policing the supply of
Marijuana.
Mr. Russo concluded, "If we are successful in securing an
agreement with Yuti Kusumawijaya, especially with some degree of
exclusivity, FBC would have the ability to fulfill the needs of a
very large and continually growing cannabis community; particularly
as States continue to come online with legalizing the use,
possession and growing of marijuana. Most important, the
business model fits perfectly with other licensing opportunities we
have explored for our agricultural division. We should be able
to leverage multiple agricultural licenses by demonstrating
relevance of use, application and synergies between them to create
an extremely profitable product pipeline."
Management is confident that it will secure two lucrative
licenses for products which will be complements to a U.S. cannabis
seed distribution arrangement should the parties come to amenable
terms.
About FBC Holding,
Inc.
FBC Holdings develops and markets innovative products using a
'new proprietary' technology whereby buttons, switches, wires and
other electrical components can be printed on nearly any
media. Management is experienced in Direct to Consumer
Marketing (design, manufacture and market creative products
leveraging cutting edge technology). FBC's market is diverse,
covering consumer products, health care related products,
and toy and entertainment products.
Safe Harbor
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by terminology such as "may,'' "should,'' "expects,'' "plans,''
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involve known and unknown risks, uncertainties and other factors
that may cause our or our industry's actual results, levels of
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from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and
reflect our current judgment regarding the direction of our
business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections,
assumptions or other future performance suggested herein. Except as
required by applicable law, including the securities laws of the
United States, the Company does not intend to update any of the
forward-looking statements to conform these statements to actual
results. Readers are referred to the sections entitled "Risk
Factors'' in the Company's periodic filings with the United States
Securities and Exchange Commission, which can be viewed at
http://www.SEC.gov. For all details regarding working interests in
all of FBC Holding's interest, and/or any previous news releases,
go to OTC Markets website. You should independently investigate and
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