CHEYENNE, WY / ACCESSWIRE / November 10, 2015 / FBEC Worldwide, Inc. (OTCQB: FBEC), a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages, announces the signing of a Letter of Intent to form a strategic partnership/Joint Venture with nationally recognized hemp energy shot brand, DuBe(R).
The two companies have come to terms on the development of a strategic partnership designed to fast track the expansion of the WolfShot(TM) and DuBe(R) hemp energy shots. The new partnership entity will also bring to market additional hemp, CBD, and cannabis related products. The Joint Venture will cross market and distribute both WolfShot(TM) and DuBe(R) family of products through one entity.
DuBe(R) already has a strong, national distribution network placing their hemp energy shot firmly in over 12 states, while FBEC Worldwide is set to begin distribution rollouts shortly. DuBe(R) has sold well over 1 Million units of their hemp infused energy shot generating over $1M in sales revenue. The new Joint Venture will bring FBEC Worldwide, Inc. instant revenue lines and cash flow to the Company.
DuBe(R) will also work closely with FBEC Worldwide's Scientific Advisory team to bring new products to market including their current lines of hemp infused lip balm, CBD vaporizers, and rolling papers but also future lines like coffee, teas, power bars and infused liquor products. DuBe(R) has an existing relation with Green Cross of America in Nevada to develop THC and CBD brands of DuBe(R).
FBEC Worldwide CEO Jason Spatafora said, "Forming this Joint Venture/partnership will give us true first-mover advantage as we corner the hemp infused energy shot market. By accessing the existing DuBe(R) network, we will be able to cost effectively increase distribution totals for the WolfShot(TM) as well develop the pipelines for other products in development or set to rollout. I am excited to work with a brand as established and successful as DuBe(R). The joint marketing capabilities of our two companies is endless and it opens up so many more opportunities related to the respective verticals we are currently targeting."
DuBe(R) President Phil Restifo said, "The DuBe(R) team is committed to all aspects of building a world-class quality brand, and the company is now looking forward to building that brand with FBEC Worldwide, Inc. Creating great products and brands isn't just about the idea, success is about timing, execution and gaining market share via strong team. We are confident FBEC and their CEO will bring DuBe(R) and WolfShot(TM) to the next level and operate with greater economies of scale needed in today's market."
About DuBe(R)
DuBe(R)'s vision of quality and relevance birthed a desire to create an elite brand that will evolve and thrive as the cannabis movement (legalization) transitions from its infancy stage of public adoption into a way of life, while also overcoming barriers of perception and instead promote the many benefits of cannabis & Hemp products.
DuBe(R)'s goal is to be recognized as a one-of-a-kind lifestyle brand with a reputation for quality product lines, management and operations in the hemp, cannabis and active lifestyle industries. The company offers quality products at competitive prices that will exceed all expectations, surpassing its competitors by being the brand of choice based on its commitment to quality. DuBe(R) will define the industry's standard for "best practices" in all areas of operations to insure longevity, simultaneously improving on their already excellent relationships industry wide.
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.
