Vapor Group, Inc., VPOR, Continues Marketing Strategy of Unique Electronic Products With Addition of New Hydroponic Systems
SOURCE: Vapor Group, Inc.
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MIAMI, FL--(NewMediaWire - Mar 31, 2016) - Vapor Group,
Inc. (OTCQB: VPOR), (the "Company"), announced today that it
is continuing to focus on importing and marketing cutting edge
electronic products (other than e-cigarettes and vaporizers) -- a
strategy that it began last fall with the Whizboard brand of
scooters, a product whose sales and distribution grew explosively
over the year-end holidays and which continues to sell well today.
The latest cutting edge electronic product that the Company will
acquired the rights to import and market nationally is a "product
family" of self-contained, highly efficient indoor hydroponic herb
growing systems that can grow from one to six plants or herbs with
ease and with little purchaser attention. (To see a prototype
product, go to www.vaporgroup.com). The systems, initially 4
in all, are being developed specifically for Vapor Group and
include unique, adjustable, low energy LED growth lighting systems.
Suggested retail prices will be from $299.00 and up. The Company
will have significant quantities of each of the systems available
for immediate shipment within about a month, and has begun reaching
out to its wholesale accounts across the country.
Dror Svorai, President and CEO, said, "Last summer we shifted
focus by beginning to import and resell electronic products
nationally. Our first such product, the "Whizboard", put us firmly
into this business both at retail and wholesale. Now, we are
expanding this strategy with the marketing of a series of cutting
edge electronic, hydroponic systems." He added, "It shouldn't be a
surprise to anyone that the e-cigarette/vaporizer business has
matured. Since we are committed to drive revenue growth and protect
aggregate gross margins, it was imperative that we expand our
offerings beyond vapor-related products. This strategy provides us
with immense flexibility and the ability to augment our product
offering rapidly with quality, cutting edge products that are fun
to use. We think over time, this strategy will significantly
redefine our business as it builds volume sales in new product
categories and in new market areas."
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, high purity "Made
in the USA" e-liquids that are formulated with and without
nicotine. These products are sold under the Vapor Group, Total
Vapor, Vapor 123 and Vapor Products brands. The Company, through
its subsidiary, Smart Wheels, Inc. also markets the cutting-edge
"Whizboard" brand of scooters. All Vapor Group products are sold
nationwide through distributors and directly to consumers through
its own websites. Vapor Group also owns and operates VGR Media,
Inc., a full service interactive advertising agency. Total Vapor
Inc., Vapor 123 Inc., Vapor Products, Inc., VGR Media, Inc. and
Smart Wheels, Inc., Florida corporations, are all wholly-owned
subsidiaries 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.
CONTACT INFORMATION
CONTACT:
Vapor Group, Inc.
954-792-8450
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