...and the follow up that mentions the portfolio of products:
MIAMI, FL--(Marketwired - Nov 8, 2016) - NewGen Concepts, Inc., formerly named Vapor Group, Inc. (OTC PINK: VPOR), (the "Company"), announced today that its wholly-owned subsidiary, Total Vapor Inc. is shifting its focus to serve the growing MJ Market.
Yaniv Nahon, COO of Total Vapor said, "We have started two new projects involving the development of exciting new products specific to the increasing use of cannabis in the several states in which it is now legal. Going forward these products will represent a baseline of growth for Total Vapor as it increases its focus on the MJ Market." He continued, "The plan is for Total Vapor to spin-off from NewGen Concepts, Inc. in the near future, wherein Total Vapor will then become an independent publicly traded company with products totally immersed in the MJ Market. In the coming weeks, we expect to announce our first such proprietary Cannabis-related products that will significantly drive Total Vapor's revenues and earnings in the future."
About NewGen Concepts, Inc. (formerly Vapor Group, Inc.)
NewGen Concepts, Inc., www.newgenconcepts.com, was formed in 2016 to acquire, develop and capitalize on a portfolio of commercially viable intellectual property ("IP"), protected under U.S. and international patent and trademark law. Based on this IP portfolio, its strategic intent is to develop a portfolio of proprietary products and services to market, license and sell globally.
NewGen Concepts was formerly named Vapor Group, founded in 2012, Its primary focus has historically been the design, manufacture and marketing of high quality, vaporizers and state-of-the-art electronic e-cigarette brands and custom formulated, high purity "Made in the USA" e-liquids. These products continue to be sold under the Vapor Group, Total Vapor, Vapor 123 and Vapor Products brands. It also markets cutting-edge consumer products including the "Whizboard" brand of scooters and "Hoverkart" accessories sold by Smart Wheels, Inc., its subsidiary. All products are sold nationwide through distributors and directly to consumers through Company-owned websites. The Company wholly owns and operates the following subsidiaries: Total Vapor Inc., Vapor 123 Inc., VGR Media, Inc. and Smart Wheels, Inc.
