CHEYENNE, WY, United States, via ETELIGIS INC., 11/05/2014 – –
Frontier Beverage Company Inc., (OTC Pink: FBEC) (PINKSHEETS: FBEC) today issued an update for the shareholders on the arrival of new CEO, Ian Hobday.
Ian Hobday joins FBEC as its new CEO with a wealth of business experience and an objective to turn the company into a successful and profitable business. With 16 years at BASF, where he held a number of roles in the UK, Australia and France; 5 years at Arch as Global Managing Director based in Italy and finally 7 years with Liberty / Green Automotive as MD / CEO, his experience is directly related with the direction FBEC wants to take.
Ian Hobday said “FBEC will be completely rebuilt as a business, heading in an entirely new direction and shedding the historic energy drinks and entertainment components which had never generated revenue. We will build a strong retail business based on a number of new deals, some of which are already signed, some of which will follow shortly. Our company will enjoy revenue in the near future from oil well production out of Kansas, based on contracts recently concluded and for which finance is expected to close soon. In addition, the distribution of KruudKleen™ (a chemical designed to dramatically improve the process for cleaning oil tanks and other transport solutions) has already started, with one major contract signed. We will move our operations for this part of the business into Southern Texas in the winter months in order to continue to attract new clients whilst the weather is too cold in other parts of America. We expect KruudKleen™ to provide us with global opportunities and will seek out customers beyond the shores of North America.
Expect to see us update our web site to reflect these and other changes in the near future and to use this as a medium to keep everyone informed about developments as they occur
This is an exciting time for me to be getting involved in FBEC – for sure there is a lot of work still to be done, but a number of the parts are beginning to fall into place, and I feel confident that this business will soon begin to fulfill its promise. I look forward to creating regular updates that help to keep our shareholders abreast of the progress we make and to helping to create a successful business.
Ian Hobday, 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.