Wow, More News From VitaCig!
VitaCig Renews South Korea Partnership, Expands Distribution Into Japan
BEVERLY HILLS, CA--(Marketwired - January 19, 2016) - VitaCig, Inc. (OTCPINK: VTCQ), a technology company that is harnessing mobile vaporization technology for medical delivery applications as well as a leader in the development, marketing, and sale of ultra-pure CBD Oil tinctures, Edibles, and E-Liquids is pleased to announce VitaCig U.S., has renewed its Partnership Agreement with South Korean Partner Kooleever, Inc., and expanded its distribution territory into Japan for its VitaCig® product line.
We are excited to announce that we have renewed our partnership with our Korean Partner Kooleever, Inc. For the past six months, our partnership was put on hold while Kooleever addressed governmental regulatory and customs issues concerning, non-nicotine e-cigs. Having overcome these hurdles, both parties have now renewed its agreement, and subsequently, Kooleever has placed their first order of 2016 with VitaCig.
In addition, with the help of our Korean Partner, VitaCig is also excited to announce the newest addition to our VitaCig global family, Japan. This landmark exclusive distribution agreement opens up another huge market for us in Asia. As well as another strong revenue stream for VitaCig.
VitaCig CEO, Paul Rosenberg comments, “Good news for our company, and shareholders, continues to pour in. Our hard work is paying off. Our VitaCig® product and brand continues to gain extensive traction internationally. We are grateful for our Korean Partners, and thrilled to be able to now offer our innovative, nicotine free, vitamin vaporizer, to the wonderful people of Japan. A population of over 127 million. The Japanese e-cig/vape market has exploded over the past year. The timing of this distribution agreement couldn’t have been better. This agreement guarantees the distribution of our no-nicotine products in Japan, a country with abnormally high rate of smoking. We look forward to assisting in harm-reduction, while growing our brand value.”
With the effort of our Regional Sales Manager for Asia, and Korean Partner, our next target for Asia is Philippines, and Indonesia. We will announce these deals, as they become finalized.
Lastly, we are excited to update our shareholders on our EU Vitastik Partnership and lucrative royalty agreement we announced last week. Our Vitastik EU Partner will be placing an order for 30k units through our Company next week.
