FBC Holding, Inc. (FBCD) Projects Continued Growth up to 650% and Profitability for its Online and Wholesale Clothing Division

Rhea-AI Summary

FBC Holding, Inc. (OTC PINK: FBCD) announced an anticipated revenue growth of 650% for 2022 through its subsidiary, Formrunner Apparel Inc.. The global apparel market's revenue was $1.5 trillion in 2021, projected to approach $2 trillion by 2026. Formrunner's diverse offerings, from streetwear to business attire, cater to various customer segments. CEO Lisa Nelson highlighted the company's competitive edge and customer relationships, particularly at their retail location, Hyperviolent, in Scottsdale, Arizona.

Positive

• Projected revenue growth of 650% in 2022.
• Established a strong retail presence in the competitive apparel market.
• Diverse product offerings appealing to a broad customer base.

Negative

• None.

SCOTTSDALE, AZ / ACCESSWIRE / July 13, 2022 / Today FBC Holding, Inc. (OTC PINK:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc. is pleased to announce that the company expects to continue explosive growth and expects to increase its 2020 revenue by 650% as it transitions into becoming one of the most dominating retail clothing giants throughout the rest of 2022.

From sportswear to business attire, discount to luxury, many different categories and segments make up the apparel market. Several of these categories are worth billions of dollars. In 2021, the revenue of the global apparel market reached 1.5 trillion U.S. dollars, and the industry continues to show positive growth. Revenue was estimated to rise to almost two trillion dollars by 2026. Within this vast global market, the United States had the largest apparel market of any country in 2021.

Formrunner Apparel Inc. has built its reputation by delivering on both clothing quality and price to become one of the most respected and trusted names in the Retail Clothing Space. Our customers admire our variety of high-end clothing, top notch customer service, competitive pricing, and easy payment alternatives.

President & CEO Lisa Nelson states, "We are dominating the competition at our retail store Hyperviolent in Fashion Square Mall in Scottsdale, Arizona, and we are thrilled to see what the rest of the year brings us!"

Lisa Nelson also stated, "What differentiates us from the competition, is that we appeal to everyone with all unique styles of clothing ranging from $40 all the way up to $800+ for a single piece of clothing, so we have multiple options available."

Since Hyperviolent first opened, Formrunner Apparel Inc. has managed to establish valuable long-term relationships with customers and distributors, and the company cannot wait to see what the future holds!

About Formrunner Apparel Inc.

Formrunner Apparel Inc. is a wholly owned subsidiary of FBC Holding, Inc. Formrunner Apparel Inc. carries a variety of Top-Notch Streetwear & Accessories located in Scottsdale, Arizona. Formrunner can be viewed and bought on the Company's website at www.formrunnerapparel.com.

Formrunner Apparel Inc's main website at www.formrunnerapparel.com
Twitter: https://www.twitter.com/FormrunnerTM
Instagram: https://www.instagram.com/Formrunner
Instagram (Mall Location): https://www.instagram.com/Hyperviolentaz
Hyperviolent Main Website https://www.hyperviolent.com
IR Contact: info@formrunnerapparel.com

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See FBC Holding, Inc filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking.

SOURCE: FBC Holding, Inc.

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FAQ

What is the revenue growth forecast for FBCD in 2022?

FBCD projects a revenue growth of 650% in 2022.

Which subsidiary is contributing to FBCD's apparel sales?

FBCD's subsidiary Formrunner Apparel Inc. is driving its apparel sales.

What is the significance of Hyperviolent for FBCD?

Hyperviolent is FBCD's retail store in Scottsdale, Arizona, playing a key role in its growth.

What was the global apparel market revenue in 2021?

The global apparel market revenue reached $1.5 trillion in 2021.

How is FBCD positioned in the apparel industry?

FBCD aims to become a dominating retail clothing giant with a diverse range of products.