NEWS: $NHLE : In-Discussions-Regarding Private-Label Vape Oil Line
HOUSTON--(BUSINESS WIRE)--July 17, 2014--
Nhale (OTCQB: NHLE), an emerging provider of ecig and vaporizer technology, announces it is currently in talks with a leading vape oil company to discuss the possibility of launching a line of private label oils.
The oils, which are formulated with high-quality all-natural ingredients and flavors, will be adapted for use with Nhale's portable vape pen kit. Nhale's vaporizer pen features interchangeable parts for dry leaf herbs and a convenient glass cartridge for oils and concentrates.
"Because we are already manufacturing and distributing a device that can be used to enjoy oils, this is a logical next step," said Lance Williams, President and CEO of Nhale. He added, "As Nhale develops its product line, we are expanding our footprint in the space and making a mark in the rapidly growing market for combustion-free delivery systems and accessories."
Current legalization trends have opened the door for a booming market in marijuana oils, concentrates and extracts. Recently, New York became the 23rd state to legalize medical marijuana but enforced a restrictive program requiring the substance to be vaporized or ingested -- these forms of consumption largely point to oils.
"We recognize the value of oils and similar products for patients and recreational consumers; we intend to identify and develop products that will advance the industry while growing Nhale's market share," said Williams.
About Nhale, Inc. (OTCQB: NHLE)
Nhale(TM) is a technology company that plans to launch commercial products in the consumer space while focusing on two significant trends occurring in the U.S. and around the world:
-- The adoption of vaporizing and electronic cigarettes, or ecigs, by the
world's 1 billion+ smokers, and
-- The decriminalization and legalization of marijuana for medicinal or
recreational purposes.
More information about Nhale is found at www.nhaleinc.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of any past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.
CONTACT: Nhale, Inc.
Lance Williams, 281-671-6877
President and CEO
SOURCE: Nhale, Inc.
Copyright Business Wire 2014
(END) Dow Jones Newswires
July 17, 2014 08:30 ET (12:30 GMT)
