Business
Vapor Group, Inc., VPOR, Answers Questions About Easy Grinder™
Vapor Group, Inc., VPOR, Answers Questions About Easy Grinder™.
About this update from Vapor Group Inc
[{"type":"text","content":"\n\n\n\nVapor Group, Inc., VPOR, Answers Questions About Easy Grinder™\n\n\n\n\n\nVapor Group, Inc., VPOR, Answers Questions About Easy Grinder™\nPR Newswire\nMIAMI, September 26, 2017\n\n\n\nMIAMI, September 26, 2017 /PRNewswire/ --\n\nVapor Group, Inc. (OTC Pink: VPOR), ('Company'), today issued the following statement from its President and CEO, Yaniv Nahon:\n\n\"Since several shareholders have asked questions about our Easy Grinder™ business, I thought I'd provide you with the following answers.\n\nTotal Vapor, Inc., our subsidiary, holds the contract for all exclusive worldwide distribution, marketing and advertising rights to Easy Grinder™ and the rights to any and all future improvements or variations to it. The design and development of Easy Grinder™ was paid for by a private company, EZ Grinder, Inc., which owns all Easy Grinder™ patent pending and trademark. Under the contract with EZ Grinder, Inc., Total Vapor pays EZ Grinder a royalty on unit sales and arranges and pays for any and all manufacturing costs of the individual units produced, in addition to paying all marketing and advertising costs of Easy Grinder™ directly. The royalty that Total Vapor pays to EZ Grinder, Inc. is a fixed amount of ten percent (10%) of the dollar cost of manufacturing wherein such production costs per unit are based on production runs of a minimum of twenty thousand (20,000) units at a time. We believe the royalty paid to EZ Grinder, Inc. is a reasonable and fair amount.\n\nWe believe we have proven there is a large and growing worldwide market for Easy Grinder™ and continue to work on agreements to lock in overseas distributors, as well as broaden its U.S. and multinational press coverage and distribution.\"\n\nAbout Vapor Group, Inc. \n\nVapor Group, www.vaporgroup.com, is focused on the acquisition and development of commercially viable intellectual property and proprietary products.\n\nThe Company's subsidiary, Total Vapor, Inc. is the worldwide distributor of the revolutionary, hand-held automatic Easy Grinder™ . For more information or to place an order, visit www.easygrinder.com , visit Amazon.com at  http://a.co/5HOPUkE , or email [email protected]. Easy Grinder™ is shippable to Canada.\n\nVapor Group also owns Simple Cork, Inc., www.simplec...