MIAMI, FL--(NewMediaWire - Dec 12, 2016) - NewGen Concepts,
Inc., formerly named Vapor Group, Inc. (OTC PINK: VPOR), (the "Company"), announced today that
its subsidiary, Total Vapor Inc., has entered into a nationwide
distribution agreement to resell to consumers, and wholesale to the
trade, products containing CBD Oil.
"CBD" is an abbreviation for cannabidiol, a prominent naturally
occurring cannabinoid component found in cannabis that is devoid of
psychoactive effect. After THC, CBD is by far the most studied
natural cannabinoid. According to many researchers, CBD may be the
single most important cannabinoid ever discovered.
Yaniv Nahon, COO of Total Vapor said, "We are very excited about
our new line of CBD oil-infused products which are high purity and
many of which are suitable for vaping or topical use. All flavoring
components are organic, and we will be offering over fifty
different flavors in various concentrations." He added, "We are
today beginning the process of launching the nationwide marketing
for our CBD line, and anticipate strong initial sales. This launch
is only the first of many as we sharpen our focus on products for
the growing MJ Market by the addition of many additional
brands."
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, formerly named Vapor Group, was founded in
2012. Its primary focus has 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 are 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
its subsidiary, Smart Wheels, Inc. 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.