MIAMI, FL--(NewMediaWire - Nov 8, 2016) - NewGen Concepts,
Inc., formerly named Vapor Group, Inc. (OTC
PINK: VPOR), (the "Company"), announced today that its
wholly-owned subsidiary, Total Vapor Inc. is shifting its focus to
serve the growing MJ Market.
Yaniv Nahon, COO of Total Vapor said, "We have started two new
projects involving the development of exciting new products
specific to the increasing use of cannabis in the several states in
which it is now legal. Going forward these products will represent
a baseline of growth for Total Vapor as it increases its focus on
the MJ Market." He continued, "The plan is for Total Vapor to
spin-off from NewGen Concepts, Inc. in the near future, wherein
Total Vapor will then become an independent publicly traded company
with products totally immersed in the MJ Market. In the coming
weeks, we expect to announce our first such proprietary
Cannabis-related products that will significantly drive Total
Vapor's revenues and earnings in the future."
About NewGen Concepts, Inc. (formerly Vapor Group, Inc.)
NewGen Concepts, Inc., www.newgenconcepts.com, was formed in 2016 to
acquire, develop and capitalize on a portfolio of commercially
viable intellectual property ("IP"), protected under U.S. and
international patent and trademark law. Based on this IP portfolio,
its strategic intent is to develop a portfolio of proprietary
products and services to market, license and sell globally.
NewGen Concepts was formerly named Vapor Group, founded in 2012,
Its primary focus has historically been the design, manufacture and
marketing of high quality, vaporizers and state-of-the-art
electronic e-cigarette brands and custom formulated, high purity
"Made in the USA" e-liquids. These products continue to be sold
under the Vapor Group, Total Vapor, Vapor 123 and Vapor Products
brands. It also markets cutting-edge consumer products including
the "Whizboard" brand of scooters and "Hoverkart" accessories sold
by Smart Wheels, Inc., its subsidiary. All products are sold
nationwide through distributors and directly to consumers through
Company-owned websites. The Company wholly owns and operates the
following subsidiaries: Total Vapor Inc., Vapor 123 Inc., VGR
Media, Inc. and Smart Wheels, 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.
