SOURCE: FBEC Worldwide, Inc.

FBEC Worldwide, Inc.

June 12, 2015 12:30 ET

FBEC Worldwide and J&D Labs Enter Into Definitive Commercial Supply Agreement

J&D to Provide FBEC a Manufacturing Platform for Hemp-Based Nutraceuticals

CHEYENNE, WY--(Marketwired - Jun 12, 2015) - FBEC Worldwide Inc. (OTC PINK: FBEC), a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages including H.E.M.P.™-branded energy shots and drinks and nutraceutical supplements, today announced the Company has entered into a commercial supply agreement with J&D Labs, Inc. to manufacture hemp-based nutraceuticals. 

Vista, California-based J&D Labs, Inc. is a nutraceutical manufacturing company with over 25 years of experience in custom pharmaceutical manufacturing, contract manufacturing, and new product development. J&D Labs currently manufactures over 1,000 unique formulations of soft gels, tablets, capsules, and powders. Under the terms of the commercial supply agreement (the "Agreement") between both companies, J&D Labs will manufacture, label, package and supply to FBEC pharmaceutical-grade, hemp-based formulations that FBEC will supply to its customers during the term of this Agreement. The term of the Agreement is for two years and was filed with the SEC on a form 8K filing on June 12, 2015. 

"We are making a commitment with J&D Labs that would meet our longer term objectives in manufacturing our future hemp-based nutraceutical products," began Robert Sand, Chairman and CEO of FBEC Worldwide, Inc. "On a regular basis, we, along with leading researchers around the world, regularly uncover additional uses and benefits of hemp as a supplement and additive. In some cases, hemp can service high-volume markets we believe to be natural fits for hemp-based additives and supplements we will formulate and then manufacture at J&D Labs. We look forward to working with the well-known, Dev Majmudar, Director at J&D Labs, and his team of leading scientists and manufacturing experts at J&D Labs,"  Sand concluded.

About J&D Labs
J&D Labs is a renowned nutraceutical manufacturer in business since 1989 in Vista, California. The founders, husband and wife Kiran and Hema Majmudar, had a dream to combine their knowledge in chemistry, pharmacology and manufacturing to create something special. The company grew organically because of its devotion to always meet and exceed expectations. Twenty-five years later, the J+D family has grown to over 300 team members including pharmacists, microbiologists, administrative staff, skilled technicians, engineers and chemists -- all working together in a state-of-the-art, 135,000-square-foot facility to produce the highest quality dietary supplements found anywhere. J&D Labs offers a full-service on-site QC Lab which analyzes purity, potency and consistency throughout the development and manufacturing process -- from the arrival of the raw materials to the completion of every soft gel, capsule and tablet. Their QA technicians work hand in hand with the production team throughout the entire manufacturing process. They custom designed and built their current 135,000-square-foot facility for pharma manufacturing and consolidated all of their operations under one roof. Currently, 100% of their operations -- including offices, QC analytical laboratory, R&D, warehouse, and production -- are located at this Vista, CA facility. The company's R&D department has decades of experience in a broad range of pharmaceutical dosage forms. Over a 25-year history, J&D Labs built an extensive in-house technology library. J+D Labs currently manufactures over 1,000 unique formulations including single ingredient items, pastes, and complex multi ingredient formulas. By leveraging their experience and technology, J+D can take any new material, product or process and easily compare it to a similar existing item. This allows them to start a new project with a solid foundation of processes and parameters that they know to be successful, so there is minimal guesswork. 

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.

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