VAPR Provides Corporate Update and Anticipates New Business Opportunities
(firmenpresse) - LOS ANGELES, CA -- (Marketwired) -- 05/15/13 -- VaporBrands International, Inc. (PINKSHEETS: VAPR) ("VAPR, VBI"), reports that VAPR is evaluating a corporate restructuring and new business opportunities unrelated to the current business model of branding and selling electronic cigarettes. Precipitating this change in direction has been the inability of our primary supplier to deliver product to meet VAPR's commitments with Distributors and the non-payment by Vaporbrands Domestic for the licensing fee to the owner of the brandUntil further notice VAPR's website: is under construction.
Jason Torres, President of VaporBrands International, Inc., stated, "This recent turn of events opens up the potential for VAPR to examine new business opportunities to develop profitability and shareholder value. The Company will be actively evaluating a new business direction and corporate structure. During this period realignment for VAPR, we will continue to remain current with our reporting requirements on OTC Markets. VAPR will be making announcements of developments in the near future."
VAPR focuses on creating opportunities for culturally relevant brands seeking to acquire significant market share in the rapidly growing "Vaping" sector of the global marketplace.
There are many brands of PEVUs currently in the marketplace mostly sold by small companies that have limited manufacturing and distribution capacities. The quality of these products varies considerably. VAPR is uniquely positioned through its industry expertise and strategic partnerships to achieve commercial success in various markets across the globe, by providing consumers with state of the art technology and innovative products which are distinct from any competitor in the e-cig/PEVU sector of the marketplace.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will," "believes," "plans," "anticipates," "expects," "look forward," "estimates" and similar expressions) should be considered to be forward-looking statements and the safe harbor provisions of said Act do not apply to an issuer that issues penny stock. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. We do not assume any obligation to update any forward-looking statements.
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Datum: 15.05.2013 - 12:00 Uhr
Sprache: Deutsch
News-ID 260245
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Machinery & Tools
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