Vapor Group Inc (VPOR)

[Evandean1]

!! VPOR !! NEWS !!
quantity of shares is trading today in the market is the same as has been trading in the market since 2015.

MIAMI--(BUSINESS WIRE)--NewGen Concepts, Inc., formerly Vapor Group, Inc. (OTC Pink:VPOR), (“Company”), today released the following letter to shareholders from its President and CEO, Dror Svorai.

Dear Shareholders:

We have become aware that some shareholders have become concerned that there has been recent dilution in the market as the result of the Company’s issuance of shares of free-trading common stock.

For the record, the Company has not issued any common stock in 2017, nor has it in all of 2016. We have “held the line” on allowing debt conversions, and have maintained the same quantity of issued and outstanding common stock for this long period of time. What quantity of shares is trading today in the market is the same as has been trading in the market since 2015.

For the foreseeable future, we do not expect to issue any new shares into the marketplace.

Businesswise, we are a re-invented company. For 2017, we are committed to continue to grow revenues and drive shareholder value. In the coming months, I will provide you with further updates on the substantial progress that we are making.

Very truly yours,

Dror Svorai
President and CEO
Vapor Group, Inc.