NEW YORK, May 22, 2015 /PRNewswire/ -- Breathe eCig Corp.
(OTCQB: BVAP) ("Breathe" or "the Company"), the electronic
cigarette industry innovator and pioneer focused on the elimination
of second hand smoke, has today announced that 100,000 units of the
Company Second generation product will be arriving in the United States on or before the first week
of June 2015. In addition 500 display cases are being shipped
with these 100,000 units to properly present the product(s) at the
various retail locations, which will initially consist of several
hundred convenient stores and gas stations located within the
New York City Metropolitan area
("N.Y. Metro area"). The
Company will also be utilizing some of this initial inventory to
support its previously announced distribution agreement with AMPA
Group for Eastern Tennessee as
well as its e-Commerce activities. During this quarter, the
2nd Calendar Quarter of 2015 (ending June
30, 2015), the Company anticipates generating meaningful
revenue for the first time in its history. The Company and
its Board of Directors ("Board") have established that within a
time period of 40 days, subsequent to the completion of each
Calendar Quarter, the Company will issue a press release disclosing
its operating results. Note that the Company's fiscal quarter
ends perfectly coincide with the calendar quarter ends (The Company
operates with a fiscal year ending December
31).
These 500 display cases and 100,000 units of second generation
product were manufactured on behalf of Breathe by Hong Kong based The KMG Group ("KMG").
With a commitment to social responsibility, Breathe's next
generation devices (which will incorporate the Company's pending
intellectual property) will reproducibly and precisely dispense the
recommended amount of nicotine per puff and offer an optional
childproofing device—both firsts in the industry. The company is
committed to maintaining the highest possible environmental
standards during production, educating the public on the dangers of
smoking and second hand smoke, as well as funding and supporting
programs to prevent youth cigarette smoking.
Breathe's CEO Josh Kimmel
commented, "The Company has worked tirelessly to develop a product
of outstanding quality that stresses social responsibility and
safety. After years of dedication the Company has completed
its first meaningful manufacturing run of its second generation
product line. The Company is now prepared for its important product
launch to the New York City
metropolitan area marketplace and it is now in position to generate
meaningful revenues. While this is a very exciting time for
the Company, management firmly believes that the future holds even
greater promise."
The KMG group Managing Director Neal
Malani expressed, "Breathe's exceptional product quality and
emphasis on safety and social responsibility are important
differentiating factors that should lead to success. We are
honored to be partnering, as the manufacturer, with a dynamic and
talented group such as the management team of Breathe eCig
Corp. KMG has worked diligently to ensure reliability and
excellence throughout the manufacturing process and we are
confident in our ability to increase capacity as deemed necessary
by potential demand in the marketplace."
About Breathe eCig Corp.
Breathe was founded in 2012 as a research and development
company in Knoxville, Tennessee
with the mission to develop a better e-cigarette than was available
on the market. Now holding multiple patents (pending) for its
groundbreaking product, BVAP, Breathe is not your typical e-cig
manufacturer. With a commitment to remaining socially responsible
through innovative product development, consumer outreach and
education, Breathe challenges the e-cig industry establishment. To
find out more, visit www.breathecig.com.
About The KMG Group
Hong Kong based The KMG Group
("KMG"). KMG was founded in Asia
as an Original Equipment Manufacturer ("OEM") more than 53 years
ago. In addition, KMG owns and operates two factories in
China as well as satellite offices
in Montreal, London, Geneva, Mumbai and Hong
Kong. In total, The KMG Group employs more than 1400
workers. In 2014, KMG's manufacturing service unit reported
EBITDA of approximately $147 million
USD, a 5.5% improvement, on a year to year comparative
basis.
DISCLAIMER <<Caution Concerning Forward
Looking Statements>>
This press release contains statements that are
"Forward-Looking" in nature (within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended). All statements
regarding the Company's financial position, potential, business
strategy, plans and objectives for future operations are
Forward-Looking statements. Many of these statements contain words
such as "goal," "aims," "may," "expect," "believe," "intend,"
"anticipate," "estimate," "continue," "would," "exceed," "should,"
"steady," "plan," "potential," "dramatic," and variations of such
words and similar expressions identify Forward-Looking statements,
but their absence does not mean that a statement is not a
Forward-Looking statement. Because Forward-Looking statements
involve future risks and uncertainties, there are many factors that
could cause actual results to differ materially from those
expressed or implied. The Company cannot predict the actual effect
these factors will have on its results and many of the factors and
their effects are beyond the Company's control. Any forward-looking
statement made by the Company speaks only as of the date on which
it is made. The Company is under no obligation to, and expressly
disclaims any obligation to, update or alter its forward-looking
statements, whether as a result of new information, subsequent
events or otherwise. Given these uncertainties, you should not rely
too heavily on these forward-looking statements.
Information for the Educated Investor
For further information regarding these and other risks related
to Breathe eCigs' business, investors should consult Breathe eCigs'
filings with the Securities and Exchange Commission, available at
www.sec.gov.
Contact:
Mr. Joshua Kimmel
Chief Executive Officer
Tel: +1(800) 905-4014
Local: +1(865) 281-1330
joshbreathe@outlook.com
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SOURCE Breathe eCig Corp.