HENDERSON, NV, United States, via ETELIGIS INC., 10/29/2014 – –
Frontier Beverage Company Inc., (OTC Pink: FBEC) (PINKSHEETS: FBEC) today issued an update detailing company status and future growth plans.
In a statement from the desk of the CEO “I wanted to thank everyone involved with the company and in particular our shareholders, for showing great patience and understanding as the company moves forward with its turnaround plans. I am stepping down as CEO on the 31st October 2014, but I have enjoyed my time here and I am excited about the future of the company and welcome the incoming President IAN HOBDAY. Mr. Hobday has a great resume and will bring the experience necessary for the future growth of the company. In keeping with the spirit of transparency, I will be completing the sale of my preferred shares, representing a controlling interest, by year end. Our debt reduction plan is progressing and has necessitated the increase in the company’s authorized to 2,970,000. Today the total outstanding is 1,750,414,911. The company plans on filing their 3rd quarter 10Q in the coming week and future plans include additional acquisitions, partnerships and joint ventures; a name change, the launch of a new website, a company blog along with more consistent twitter posting and additional appointments to the Board of Directors.
I once again would like to like to thank the shareholders for their understanding as we battled through a challenging time, and I do wish the company the best of luck with their future endeavors.
William Coogan, CEO, Frontier Beverage Company.
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
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SOURCE: Frontier Beverage Company, Inc.