CHEYENNE, Wyo., Sept. 11, 2015 /PRNewswire/ -- FBEC Worldwide, Inc. (FBEC), a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages, recently removed former Chief Executive Officer Robert Sand from any and all Director and Officer positions because of perceived and alleged fraudulent actions and mismanagement potentially detrimental to the Company and its shareholders. In conjunction therewith, Adam Heimann was appointed as interim President.
This action, conducted by written consent of the shareholder holding a majority of the voting power of FBEC, was done with sole intention of protecting the Company's shareholders. Adam Heimann will be stepping down as President and Jason Spatafora will be taking over as the new Chief Executive Officer of FBEC Worldwide, Inc.
The Company will continue pursuing its original business plan to manufacture, market, and distribute an innovative line of hemp infused beverages. The new management team will proceed with bringing to market the Company's flagship product, the WolfShot™, a hemp infused 2oz. energy shot. All ownership rights to intellectual property formulas and brand names will remain with FBEC Worldwide, Inc.
Mr. Spatafora stated, "There has been a whirlwind of setbacks that, up to this point, prevented us from rolling out the WolfShot™. Now that things have been cleaned up and the ship has been righted, I look forward to getting this company back on track and succeeding in why I originally joined this company in the first place. And that is to create a nationwide brand of hemp infused products starting with the WolfShot™."
He continued, "When first developed, we received very high interest from distributors around the country for the WolfShot™. As new CEO, it will be my priority to immediately restart production and get the product back online for retail sale. I will be picking up where we left off with regards to negotiations with nationwide distributors. It's time to get this company moving back in the right direction."
For additional information please refer to the 8K Filing here: http://biz.yahoo.com/e/150911/fbec8-k_a.html
For additional information please refer to the Shareholder Notice here: http://wolfenergyshot.com/shareholderNotice.pdf
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:
Jason Spatafora
Chief Executive Officer
info@wolfenergyshot.com
(800) 785-4089
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SOURCE FBEC Worldwide, Inc.