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capitalkid

08/30/15 2:11 PM

#63759 RE: lesgetrich #63758

I think you mean an SDA not an MDA ... We are talking about JCP Wholesale ...

Being affiliated with a company does not negate the need for distribution agreements. Whenever you have two distinct legal entities, they will use business agreements to conduct business together ... Do you think Pepsi bottling company doesn't need a distribution agreement with Pepsi just because they are affiliated? ...

Unless you have information we are not privy to, I don't think you can make any statements of fact regarding who controls the company.
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New-Old-School

08/30/15 2:32 PM

#63761 RE: lesgetrich #63758

About these salespeople.. Is there any proof of existence?
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Perfectson

08/30/15 7:34 PM

#63765 RE: lesgetrich #63758

He Les, what happened to this announcement? Is this still in the works - are we going to see the revenues on MCIG books (since it obviously didn't go through VTCQs books



this was back in Oct 2014!

Due in part to the transaction with Omnicam, mCig, Inc. is
raising full-year guidance for 2014. Management anticipates record revenues and record adjusted profit for full-year 2014. As of October 20, 2014, mCig, Inc. consolidated cash and capital are both at historic levels, there has been no change in debts or payables (virtually zero), and the total share count remains the same as at quarter end. - See more at: http://globenewswire.com/news-release/2014/10/21/674921/10103525/en/mCig-R-Inc-and-Omnicam-Execute-Landmark-Distribution-Agreement-for-VitaCig-R-Covering-South-Korea-Company-Raises-Full-Year-Guidance.html#sthash.OufWtLxZ.dpuf



"Our agreement with Omnicam, Koolever, David Choi, and Tom Choi is the most important event in the history of the company and we are honored to have earned their trust. We worked very hard to close this transaction and believe it sets the stage for stable recurring revenues at VitaCig®. More importantly, this agreement guarantees the distribution of our products in Korea a country with abnormally high rates of smoking. Government data shows that just under half of all adult males smoke compared to an average of 26% in the 34 countries that make up the OECD. We look forward to assisting in harm-reduction while growing our brand value. I would like to thank Jordan Young for hitting the ball out of the park with this agreement. We are all fortunate to have such a gifted person on our team," said Paul Rosenberg, CEO of mCig, Inc. - See more at: http://globenewswire.com/news-release/2014/10/21/674921/10103525/en/mCig-R-Inc-and-Omnicam-Execute-Landmark-Distribution-Agreement-for-VitaCig-R-Covering-South-Korea-Company-Raises-Full-Year-Guidance.html#sthash.OufWtLxZ.dpuf