FBEC Worldwide Inc. CEO Update on Upcoming 10Q

CHEYENNE, WY / ACCESSWIRE / November15, 2015 / FBEC Worldwide, Inc. (FBEC), a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages, announces that the quarterly financial statement will be filed late.

“We are filing our Quarterly report late. We have had much to go through since taking over FBEC WorldWide Inc from previous management. There’s a lot that goes into a quarterly report as is but this quarterly report is complicated given the recent takeover of FBEC. I can assure all of our shareholders that our accountant and auditors are working diligently to expedite this process, and this will not be an issue moving forward.” Said CEO Jason Spatafora.

He added “Taking FBEC over was no easy task and we knew that there would be a lot to review, but we are ecstatic about the progress we have made in the last 60 days regarding the WOLFSHOT, the LOI’s we have with CBD Globe, DuBe and we feel we will have much more to say balance sheet wise moving forward.”

About FBEC Worldwide, Inc.

FBEC Worldwide is an innovative beverage company dedicated to offering proprietary products focused towards significant target markets, both domestic and abroad. We are committed to increasing our market size and scope through the optics of creative marketing and most importantly customer satisfaction. Our growth strategies will focus on a number of major initiatives including, unique branding opportunities that will be targeted at key demographic groups, and to develop strong community and distributor relationships.

As we look ahead, FBEC Worldwide will develop and build name brands focused on strong rates of growth within key fundamental consumer groups. Our company is dedicated to becoming a leading developer of name brand beverage alternatives geared specifically towards large, significantly important demographics within major markets.

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.

Contact:

Investors:
Joe Sirianni
MIDAM Ventures LLC
(305) 707-7018
jsirianni@MidamIr.com
www.MIDAMIr.com

SOURCE: FBEC Worldwide, Inc.

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