Business
AvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor Group, Inc., a Leader of the E-Cigarette Industry
AvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor Group, Inc., a Leader of the E-Cigarette Industry.
About this update from Vapor Group Inc
[{"type":"text","content":"\n \n \n AvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor Group, Inc., a Leader of the E-Cigarette Industry\n \n \nAvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor Group, Inc., a Leader of the E-Cigarette Industry\n\nThe New Company Will Be Named \"Vapor Group, Inc.\"\n\n \n MIAMI, FL--(Marketwired - Jan 22, 2014) - AvWorks Aviation Corp. (OTCQB: SPLI), (the \"Company\", or \"AvWorks\"), announced today that it has entered into an Agreement of Merger and Plan of Reorganization (\"Merger Agreement\") with the Vapor Group, Inc., a Florida corporation (\"Vapor Group\") under which the Company will issue 750,000,000 shares of its common stock for 100% of the issued and outstanding shares of Vapor Group from the Vapor Group Shareholders. Vapor Group, founded in mid-2012, is one of the leading companies in the E-Cigarette Industry and has a reputation for its product innovations. Vapor Group had 2013 revenues in excess of seven figures. The Merger will become effective as soon as practical.\n Under the terms of the Merger Agreement, AvWorks Aviation Corp. will immediately change its name and address to that of the Vapor Group, Inc., and the existing Board of Directors of the Vapor Group, Inc. will replace the sole officer and director of the Company who will resign at closing. \n Dror Svorai, President and CEO of the Vapor Group, stated, \"We are very excited to have been able to bring our company public. 2013 was our first full calendar year of operation in which we experienced rapid growth in state-by-state distribution, and constant sales acceleration. We firmly believe that in the E-Cigarette marketplace we have set the nationwide benchmark for product innovation and variety, high quality and unsurpassed consumer value. We think setting these benchmarks not only explains our current success but sets the stage for that success to continue.\" He added, \"In 2014, we project significant year-over-year growth in revenues, and immensely expanded operations and distribution.\"\n About the Vapor Group\n Vapor Group, Inc., www.vaporgroup.com, is in the business of designing, developing, manufacturing and marketing high quality, E-Cigarette brands which use state-of-the-art electronic technology and specially formulated, \"Made in the USA\" e-liquids, which may or may not contain nicotine. It offers a rang...