NEW YORK, NY, August 16, 2013 – (Accesswire) - FBC Holding, Inc. (OTCQB: FBCD) today announced today that is talks to acquire or license unique products in the Pet Health products and services market.
Leveraging the experience of Frank Alfieri, the Company is exploring the pet health products and services market. US Consumers will spend $30.9 billion in 2016, according to a study by the Feedonia Group, driven by the increasing treatment of companion animals as family members. Pharmaceutical and parasiticides will remain the largest product segments. The Company is evaluating the positioning of multiple products in the US market for launch in 2014.
“We continue to seek opportunities where we can leverage the experience of our new team and look forward to bringing new and exciting products to consumers in the faster growing segments of consumer spending,” said Frank Russo, CEO. The Company believes that it can source, develop and market a portfolio Pet Health products based on its existing relationships. “Our intention is to endeavor to replicate the successes that our consultant, Frank Alfieiri, has had with products like The FURminator and the Talking Treat Ball, to build out a robust portfolio of sustainable products for this rapidly growing market sector,” added Mr. Russo.
The Company expects to conduct Due Diligence and market testing over the next two months.
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Contact: FBC Holding, Inc.
SOURCE FBC Holding, Inc.
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