SOURCE: FBC Holding Inc.

FBC Holding Inc.

June 27, 2013 08:15 ET

FBC Holding Inc. Announces Shareholder Update on Company Acquisitions and Projects

NEW YORK, NY--(Marketwired - Jun 27, 2013) - (OTCQB: FBCD) -- FBC Holding, Inc. is proceeding with its due diligence investigations of two companies with which Letters of Intent have been previously announced, and would like to update its shareholders on the status of its endeavors to bring these operating businesses into the company.

The first company is FortuneTech, Inc. which has been operating for 14 years and last year generated $1.3 million in revenue and had an adjusted EBITDA close to $200,000. The company's best year occurred in 2005 when total revenues exceeded $3.2 million. The company is a re-seller of used and refurbished machinery in the PCB (Printed Circuit Board) and SMT (Surface Mount Technology) industry. The PCB and SMT market combined is a $2.17 trillion global electronics industry. The most attractive characteristic of this transaction is that the company is profitable. Additionally, as with all other potential acquisitions, it is revenue producing and has high gross margins and low DSO and CapEx.

FBC Holding is also proceeding with its evaluation of a project introduced by Dutch Gold Resources, Inc. (PINKSHEETS: DGRI). FBC Holding and Dutch Gold will investigate several opportunities which DGRI has identified and developed preliminary business plans. These opportunities are all related to gold mining and gold mining services in Nicaragua. FBC is gathering industry experts and will schedule a due diligence trip to the sites in the near future.

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The Company is advising readers that non-affiliate shareholders of the company, and the Company may, from time to time, engage the services of unaffiliated firms to provide investor relations and advertising services. These third party shareholders may own the Company's shares and plan to liquidate, which may negatively affect the stock price. All content in our releases is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. The Company does not purport to provide an analysis of any company's financial position, operations or prospects and this is not to be construed as a recommendation by the Company or an offer or solicitation to buy or sell any security. Neither the Company nor any of its members, officers, directors, debt-holders, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, registered investment advisors, analyst or underwriters. Readers should always consult with a licensed securities professional before purchasing or selling any securities of any company including our own. It is possible that a reader's entire investment may be lost or impaired due to the speculative nature of the investment.

Some of the content in this release may contain forward-looking information within the meaning of Section 27 A of the Securities Act of 1993 and Section 21 E of the Securities Exchange Act of 1934 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 Securities and Exchange Commission. However, a company's past performance does not guarantee future results. Remember; never invest in any security of a company unless you can afford to lose your entire investment. Also investing in micro-cap securities is highly speculative and carries and extremely high degree of risk. We encourage readers to invest carefully and read the investor issuer information available at the web sites of the SEC. The SEC has launched an investor-focused website to help you invest wisely and avoid fraud at www.investor.gov and filings made by public companies can be viewed at www.sec.gov and/or then FINRA at: www.finra.org. In addition, FINRA has published information at its website on how to invest carefully at www.finra.org/Investors/index.htm.

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