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Monday, February 09, 2015 4:59:39 PM
The recent, rapid returns of our new subsidiary, VGR Media, Inc., will help us pay down about $200,000 in debt this month.
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.
VGR Media, Inc.: Our newest subsidiary, a full service interactive advertising agency, continues to grow and as stated, will significantly contribute to our pay down of debt this month
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.
I predict that 2015 will be our "break out" year. By year-end, we project a stronger balance sheet, a more diversified portfolio of product and services, an expanded and deeper distribution footprint and improved profitability and revenues.
We are emerging from the development stage. QUOTES FROM CEO
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