VAPORBRAND INTERNATIONAL, INC. APPOINTS EXECUTIVE OFFICER AND ESTABLISHES NEW OFFICE LOCATION
Sep 16, 2013
OTC Disclosure & News Service
Los Angeles, CA -
LOS ANGELES, CA - September 16, 2013 - VaporBrands International, Inc. (OTCPK: VAPR) announced today that Wendy Haviland has been named President and a director of VAPR and announced the relocation of its principal executive office of the Company to 1880 Century Park East, Suite 315, Los Angeles, CA. Jason Torres has resigned as an officer and director and his resignation accepted. The Company intends to continue to focus on creating opportunities for establishing new and promoting existing relevant electronic cigarette and cigar brands seeking to acquire market share in the ?vaping? sector of market.
Wendy Haviland stated ?VaporBrands International, Inc. is currently in the process of reestablishing itself as a marketing and development partner to manufacturers and business development provider to resellers of proprietary electronic cigarette and cigar products, including refills and accessories. In addition, the Company currently is negotiating with several trademark holders to develop potential private label branded electronic cigarettes and cigars.?
Haviland further indicated that the future of the market may move from the internet model to the retail store model. Analyst Bonnie Herzog of Wells Fargo Securities said "conservative data" already indicates that sales of e-cigarettes this year have already reached $700 million from traditional retail outlets like convenience stores. Add in the estimated online sales of $500 million to $625 million and total year-to-date sales are above $1 billion. The pace will only pick up this fall. "We estimate that it will be $1.7 billion by the end of the year," Herzog said. Haviland conceded ?that the barriers to entry in selling in the traditional retail or convenient store outlets, unless regional in application, will be very economically prohibitive except to the traditional tobacco sellers; internet sales will be the initial primary source of revenue for the Company.?
About VaporBrands International, Inc. (VAPR)
VaporBrands International, Inc. is a marketing and development partner for manufacturers of electronic cigarettes. Electronic cigarettes represent the future of smoking; they produce no smoke, tar, ash or offensive odor while containing about the same amount of nicotine as traditional tobacco cigarettes. Unlike traditional tobacco cigarettes, electronic cigarettes can be used in many public places currently restricted from smoking. VAPR intends to focus on creating opportunities for culturally relevant brands seeking to acquire significant market share in the rapidly growing "vaping" sector of the global marketplace.
Safe Harbor Statement
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will," "believes," "plans," "anticipates," "expects," "look forward," "estimates" and similar expressions) should be considered to be forward-looking statements and the safe harbor provisions of said Act do not apply to an issuer that issues penny stock. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations, general economic conditions and government regulations. We do not assume any obligation to update any forward-looking statements.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
