NewGen Concepts, Inc. (formerly Vapor Group, Inc.), was formed to acquire, develop and capitalize on a portfolio of commercially viable intellectual property protected under U.S. and international patent and trademark law. Its strategic intent is to develop a portfolio of products and services to market, license and sell globally. Vapor Group was founded in 2012 with primary focus on design, manufacture and marketing of high quality Vaporizers, state-of-the-art electronic cigarette brands and custom formulated and high purity "Made in the USA" e-liquids. These products continue to be sold under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands as a subsidiary of NewGen Concepts.
As a result of the Merger, Vapor Group has finalized the name change to "NewGen Concepts, Inc." and also filed for a symbol change with FINRA.
Under the terms of the Merger, NewGen Concepts will immediately explore the spin-off of each of Vapor Group's subsidiaries as an independent, publicly-traded company, wherein the first spin-off would occur in 2017 by a share dividend to existing shareholders of record on a given date of ownership. The first such spin-off will be Total Vapor, Inc., which is currently expanding its product offering into vaporizers and related products suitable to the growing market for legal Cannabis products sold in the United States.