Friday, March 28, 2014 6:01:34 AM
I read the stuff from the company...we be fine.
Vapor Group, Inc., SPLI, Releases Preliminary Results of Operations for Calendar 2013
DAVIE, FL--(Marketwired - Mar 27, 2014) - AvWorks Aviation Corp. (OTCQB: SPLI), (the "Company", "AvWorks"), released today a preliminary statement of the full year 2013 results for Vapor Group, Inc. ("Vapor Group").
For calendar year, 2013, the Vapor Group's first full year of operation, it had gross revenues (audited) in excess of $1,975,000, which were achieved by steady increases in sales month-over-month throughout the year. Although final audited net profit figures are not yet available, Vapor Group was profitable in its first year of operations. Final audited financial statements for 2013 will be released in the coming weeks.
Dror Svorai, President and CEO, added, "For Vapor Group, the last 6 months of 2012 when we started were essentially all startup mode, significant sales activity didn't begin until May, 2013 and we are proud to have launched so successfully in our first year! So far 2014, is far outpacing 2013 in terms of revenues and anticipated profit. We believe our first quarter 2014 results, when announced, will prove this statement."
"Important, readers need to remember that Vapor Group, Inc. didn't merge into AvWorks Aviation Corp. until January 22, 2014, and that we hired a new PCAOB-qualified independent accountant more or less simultaneously, to make sure that our books and records are accurate for 2012, 2013 and beyond. Moreover, as you will see in the coming days, subject to the review and audit of our new independent accountant, we are amending many prior year filings of AvWorks Aviation Corp. in order to add accuracy, transparency and to help build investor confidence."
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