DOVER, N.H., Oct. 14, 2010 (GLOBE NEWSWIRE) -- FBC Holding (OTCBB:FBCD) is pleased to announce that the company has secured two million dollars in a preferred equity financing with Wearology Limited USA. The equity shall be purchased through preferred stock; the price will be determined based on individual tranche notices that the company submits to Wearology. As such, the price will be determined by a five day volume weighted average price. "We are extremely pleased with the financing," said Christopher LeClerc, the company's president. "It allows us to roll out new product lines across many of our newly acquired licenses." FBC Holding will be changing its name to Super Rad Industries, as per the option and asset purchase it acquired from Super Rad Toys of Los Angeles California. "We feel Super Rad is very well positioned in the toy industry with many exciting licenses and products; the Super Rad lines offer our shareholders the growth we have been positioning ourselves for," said LeClerc.
About Super Rad Industries
Since 2006, Super Rad Toys, Inc. has been at the forefront of the collectible art world, by producing innovative and high-quality vinyl collectibles that have gained an excellent reputation with collectors on a global basis. The founders aspired to create original and inspired vinyl collectibles to be acquired and cherished in the same way traditional art collectors do fine art. They specialize in translating licensing, branding concepts and intellectual property into tangible products including toys, figures, housewares and collectibles. As a result, the company has secured a portfolio of intellectual property and through various acquisitions of licenses, properties, and rights to utilize highly visible product brands.
Today, Super Rad Industries' team of professionals are continuing the success of identifying valuable intellectual property and trends, securing licensing and solidifying business relationships to insure the intellectual property rights, and designing products, in order to provide the highest quality of products and collectables to consumers and fans.