FBC Holding Inc. Announces Shareholder Update on Company Acquisitions and Projects
NEW YORK, NY — (Marketwired) — 06/27/13 — (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 $2