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Thursday, February 05, 2015 12:04:32 PM
-All of the debt conversions have resulted in a significant reduction in the Company's debt of over $1,500,000.
-The recent, rapid returns of our new subsidiary, VGR Media, Inc., will help us pay down about $200,000 in debt this month.
-As I have said before, we believe that by late in the first quarter or latest, early second quarter, we will have reduced our debt burden by 90% or will have completely eliminated it.
-Separately, in March, we anticipate having final approvals so that we can announce the opening of our first "Total Vapor" franchise store in greater Philadelphia.
-We continue to build distribution for our line of high quality, affordable vaporizers in Colorado, Washington and elsewhere. As stated before, in Colorado we have this line being "private labelled" for dispensaries and have expanded distribution to include over 100 retail stores across the State for our products.
-We are emerging from the development stage.
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