Business
mCig, Inc. Obtains Registered Trademark Approval for mCig(R) and VitaCig(R) Brands
mCig, Inc. Obtains Registered Trademark Approval for mCig(R) and VitaCig(R) Brands.
About this update from Bots Inc.
[{"type":"text","content":"\nBELLEVUE, Wash., Sept. 5, 2014 (GLOBE NEWSWIRE) -- mCig, Inc. (OTCQB:MCIG) is pleased to announce that the United States Government Patent & Trademark Office (USPTO) has officially issued the following trademarks to the company:\n\n\tmCig® - Reg. No. 4591689 issued on August 26, 2014 covering electronic cigarettes, and lithium-ion batteries for electronic cigarettes.\n\n\tVitaCig® - Reg. No. 4588443 issued on August 19, 2014 covering tobacco-free cigarettes and medical devices.\n\n\tThis marks an important milestone for the company as its intellectual property portfolio now hosts two registered trademarks providing ownership over recognizable brands covering two high-growth industries.\n\n\t\"We are pleased with the USPTO decision to award us the registered trademark designations for VitaCig® and mCig®. It feels great knowing that we created these brands, nurtured them, and are now the proud owners. A registered mark is an extremely valuable asset which entitles its owners to commercial ownership over a trade name. Owning the terms \"VitaCig\" and \"mCig\" within the electronic cigarette space is an accomplishment for our team and a long-term asset for shareholders.\n\n\t\"For a young company like ours, this development is equally important from an operations perspective. A registered mark allows us to consider other ways to monetize and grow sales. Prior to the granting of the mark, entering into any licensing deals would have been counter-productive without having ownership of our brands. We can now focus on scaling up with partners that have additional resources and capital. We are working on several of these joint ventures and look forward to updating our shareholders when they materialize,\" said Paul Rosenberg.\n\n\tOTCQB Directory Update – The Company has made arrangements to maintain listing on the OTCQB directory and expects to return to the directory in the coming days. Management is of the opinion that there is no discernible difference between its current status being fully reported to the Securities and Exchange Commission (SEC) or being listed on a privately owned directory of companies. In terms of graduating to a higher exchange, an OTCQB directory listing has no implications on such a move. The only requirements are regulatory (SEC) and qualitative (financials performance). We sin...