I'm more excited that were now in the korean Market. They are one of the top 5 Biggest smoking countries in the world. The goverment is so scared that they started implementing no smoking in restaurants and public places. This means that people will start looking for an alternative and Vitacig is it! I saw a video on youtube were a Korean said that 99% of men in Korea smoke. If we get there first we win. This will signify Hundreds of Millions of dollars in profits. Yes I'm very excited.
According to their last quarterly financials for their 1st fiscal quarter (May 1 thru July 31) their profit margin was about 54% and this was before they increased the price of VCIGs from $2 to $5 and the price of MCIGs from $10 to $15. The $350,000 was payment for their first purchase order (revenue). Consequently, they should have made at least $125,000+ in profit off that one PO alone.
What a lot of people don't understand is that MCIG is positioned to be a global company. I keep hearing about all of the competition. That may be true in the US market but a lot of other markets around the world are virtually untapped.