Vapor Group Inc (VPOR)

[ZDanger]

"It is worth noting that the first quarter 2014 had some extraordinary occurrences and expenses. We merged with AvWorks Aviation Corp., and then acquired the majority interest in American Vaporizer, LLC, picking up its revenues, assets and costs. January through March we experienced significant levels of backorders meaning that there was considerable revenue that we couldn't book. In April, we undertook aggressive inventory financing in order to relieve oversold situations growing across most of our brands. Simply put, demand (greatly) exceeded supply. Now, for the second quarter, with additional inventory either in place or in manufacture, we are fulfilling and booking those backorders and meeting the continuing strong demand for our products." - Per Company PR