SOURCE: FBEC Worldwide, Inc.
HENDERSON, NV via MacReportMedia.com, 7/30/2014 9:40:00 AM
Frontier Beverage Company Receives Purchase Order From the Oil Patch
Frontier Beverage Company Inc., (OTC Pink: FBEC) (PINKSHEETS: FBEC) received a purchase order on its retail distribution agreement for chemicals used in the oil patch.
Revenue from the purchase order is projected to be in excess of $6,000,000 in the next twelve months. The gross profit margin is approximately 16%. The product is being produced for immediate delivery. The company is searching for a third party marketer of oil patch supplies to use as its sales force for increasing sales under the agreement.
In a company statement, “We are excited about the potential of this opportunity and are aggressively seeking additional opportunities and acquisitions. We continue with our debt reduction and have an optimistic view of the future. It has been a rocky road up to this point but we feel we are turning the corner towards growth and profitability.”
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.
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'CHEMICALS' 'CONTRACTS' 'EARNINGS' 'ENERGY' 'OIL'
'Business Contracts' 'Company Announcement' 'Earnings Releases and Operating Results' 'Product / Services Announcement'