DAVIE, FL--(NewMediaWire - Nov 17, 2015) - Vapor Group,
Inc. (OTCQB: VPOR),
(the "Company"), announced that on September 1, 2015, it had
acquired 100% of Smart Wheels, Inc., a Florida corporation ("Smart
Wheels") and startup created by the principal officers and
directors of Vapor Group, Dror Svorai, its President, and Yaniv
Nahon, its Vice President and Chief Operating Officer. Smart Wheels
was started with the sole intended purpose to be acquired by Vapor
Group in order to broaden the scope of products sold by Vapor Group
to consumers and resale channels alike. Consideration paid for the
acquisition was cash paid solely for the reimbursement of startup
expenses and the purchase of Smart Wheel's initial product
inventory.
Dror Svorai, President and CEO, said, "This past summer we
identified the opportunity to begin importing and reselling to
consumers online and at retail, and wholesaling to other resellers
nationally, the latest, high tech, scooter boards that are now
being bought by consumers for the holidays. So, we formed Smart
Wheels this fall in order to take advantage of this opportunity
having these products custom manufactured for us under the
'Whizboard' brand name." He added, "We are excited by the ever
increasing number of orders that we have been receiving for them
and expect that this new line of scooter boards will significantly
contribute to revenues for 2015 as we augment the scope of our
business beyond vapor-related products."
About Smart Wheels, Inc.
Smart Wheels, Inc. was incorporated on August 26, 2015, by its
Shareholders, Dror Svorai, President of Vapor Group, Inc., and
Yaniv Nahon, Vice President and Chief Operating Officer of Vapor
Group, Inc., in order to import and market in the United States, a
new line of 2-wheel, motorized, personal, mobility devices,
commonly known as "scooters," under the brand name, "Whizboard."
Its products are sold directly to consumers from its
website, http://www.whizboard.com, and it also acts as a
wholesaler of its products to retailers and other online resellers
in the United States.
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. It offers a range of products with unique e-liquid
flavors, which may or may not contain nicotine, that is unmatched
in its industry. Its products are marketed under the Vapor Group,
Total Vapor, Vapor 123, and Vapor Products brands which it sells
nationwide through distributors and directly to consumers through
its own websites. In addition, Vapor Group owns and operates Smart
Wheels, Inc., a full service interactive advertising agency. Total
Vapor Inc., Vapor 123 Inc., Vapor Products, Inc., and Smart Wheels,
Inc., each a Florida corporation, are each a wholly-owned
subsidiary of Vapor Group, Inc.
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.
