Vapor Group Inc (VPOR)

[MrDTrade]

No Reverse Split also Announced

Dror Svorai, President and CEO, said, "Even though the Company has gone on record that there won't be a reverse split through June 30, 2015 and that a reverse split may or may not be considered for the remainder of the year, several shareholders have expressed concern that in the remainder of the year the Board could vote to reverse split our common stock because of the amount of shares issued and outstanding.

Clearly the concern is that such a reverse could negatively impact the value of our stock owned by our shareholders. Although the number of shares issued and outstanding remains of concern, the Board decided that in the interest of helping to maintain investor confidence that it would publicly state that it wouldn't authorize any reverse split in 2015." He added, "Moreover, the Board felt that our results for 2014, and those for the first quarter 2015 when announced, along with our ongoing efforts to further grow the Company, will help build the value of our common stock over the year.

In other words, over time, we believe we don't need to reverse split our stock to have its value increase, we can accomplish this by demonstrating the growth of the Company."