DAVIE, FL--(NewMediaWire - Feb 19, 2015) - Vapor
Group, Inc. (OTCQB: VPOR),
(the "Company" or "Vapor Group"), announced today that on February
13, 2015 it had paid $148,000 (prox.) to prepay in full before
maturity, and before the date of any potential note conversion to
stock, a second convertible promissory note, dated October 2014.
The note paid by the Company was in principal amount in excess of
$100,000. This payment constitutes the second such prepayment of a
convertible promissory note of over $100,000 in the last two weeks,
each before the note's maturity and the date of its convertibility.
Since the first of the year, the Company has paid in cash over
$200,000 for principal, interest and fees to retire two convertible
promissory notes.
Dror Svorai, President and CEO, said, "Last week we made the
first such prepayment and now we made the second. As I previously
stated, we are committed to the reduction of our overall
convertible promissory note balances. There will be more
prepayments to come."
About Vapor Group, Inc.
Vapor Group, Inc., www.vaporgroup.com, is in the business of
designing, developing, manufacturing and marketing high quality,
vaporizers and e-cigarette brands which use state-of-the-art
electronic technology and specially formulated, "Made in the USA"
e-liquids, with and without nicotine. It offers a range of products
with unique e-liquid flavors that is unmatched in our industry. Its
products are marketed under the Vapor Group, Total Vapor, Vapor
123, and Vapor Products brands. It sells nationwide through
distributors, wholesalers and directly to consumers through its own
websites and direct response advertising. In addition, Vapor Group
owns and operates VGR Media, Inc., www.vgr-media.com, a full service interactive
advertising agency, offering customized performance marketing
solutions to help marketers of consumer products acquire new
customers and maximize their return on investment. VGR Media
operates in the U.S. and internationally.
Vapor Group is committed to providing e-cigarettes that are
convenient and economical to use, safer and healthier than
traditional smoking, and which provide a flavorful, enjoyable
smoking experience.
Vapor Group is managed by a highly experienced team of
executives committed to responsible business policies and
practices, including the marketing of our products only to those
eighteen years of age or older, not making or avoiding claims about
our product health benefits, and fulfilling the requirements of all
applicable laws and regulations.
Safe Harbor Statement:
This release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934. Certain
statements set forth in this press release constitute
"forward-looking statements." Forward-looking statements include,
without limitation, any statement that may predict, forecast,
indicate, or imply future results, performance or achievements, and
may contain the words "estimate", "project", "intend", "forecast",
"anticipate", "plan", "planning", "expect", "believe", "will
likely", "should", "could", "would", "may" or words or expressions
of similar meaning. Such statements are not guarantees of future
performance and are subject to risks and uncertainties that could
cause the company's actual results and financial position to differ
materially from those included within the forward-looking
statements. Forward-looking statements involve risks and
uncertainties, including those relating to the Company's ability to
grow its business. Actual results may differ materially from the
results predicted and reported results should not be considered as
an indication of future performance. The potential risks and
uncertainties include, among others, the Company's limited
operating history, the limited financial resources, domestic or
global economic conditions -- activities of competitors and the
presence of new or additional competition and conditions of equity
markets.