MIAMI, September 26, 2017 /PRNewswire/ --
Vapor Group, Inc. (OTC Pink: VPOR), ('Company'), today issued the following statement from its President and CEO, Yaniv Nahon:
"Since several shareholders have asked questions about our Easy Grinder™ business, I thought I'd provide you with the following answers.
Total Vapor, Inc., our subsidiary, holds the contract for all exclusive worldwide distribution, marketing and advertising rights to Easy Grinder™ and the rights to any and all future improvements or variations to it. The design and development of Easy Grinder™ was paid for by a private company, EZ Grinder, Inc., which owns all Easy Grinder™ patent pending and trademark. Under the contract with EZ Grinder, Inc., Total Vapor pays EZ Grinder a royalty on unit sales and arranges and pays for any and all manufacturing costs of the individual units produced, in addition to paying all marketing and advertising costs of Easy Grinder™ directly. The royalty that Total Vapor pays to EZ Grinder, Inc. is a fixed amount of ten percent (10%) of the dollar cost of manufacturing wherein such production costs per unit are based on production runs of a minimum of twenty thousand (20,000) units at a time. We believe the royalty paid to EZ Grinder, Inc. is a reasonable and fair amount.
We believe we have proven there is a large and growing worldwide market for Easy Grinder™ and continue to work on agreements to lock in overseas distributors, as well as broaden its U.S. and multinational press coverage and distribution."
About Vapor Group, Inc.
Vapor Group, www.vaporgroup.com, is focused on the acquisition and development of commercially viable intellectual property and proprietary products.
The Company's subsidiary, Total Vapor, Inc. is the worldwide distributor of the revolutionary, hand-held automatic Easy Grinder™ . For more information or to place an order, visit www.easygrinder.com , visit Amazon.com at http://a.co/5HOPUkE , or email firstname.lastname@example.org. Easy Grinder™ is shippable to Canada.
Vapor Group also owns Simple Cork, Inc., www.simplecork.com, the developer of a new, multi-nationally patented combination wine bottle cork/opener being prepared for market entry in 2018.
If you have specific questions about the Company, please email us at email@example.com.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "likely", "should", "could", "would", "may" or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, economic, competitive, and equity market conditions.
Vapor Group, Inc.