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Vapor Group, Inc. (VPOR) Changes Control, New Management to be Appointed to Execute New Business Plan
Vapor Group, Inc. (VPOR) Changes Control, New Management to be Appointed to Execute New Business Plan.
About this update from Vapor Group Inc
[{"type":"text","content":"\n\n\n\nVapor Group, Inc. (VPOR) Changes Control, New Management to be Appointed to Execute New Business Plan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVapor Group, Inc. (VPOR) Changes Control, New Management to be Appointed to Execute New Business Plan\nMajor Restructuring Planned\nPR Newswire\nMIAMI, Feb. 19, 2019\n\n\n\nMIAMI, Feb. 19, 2019 /PRNewswire/ -- Vapor Group, Inc. (OTC Pink: VPOR), (\"Company\" or \"Vapor Group\"), announced today that it had completed and signed the documentation to consummate a change of control of the Company per the \"Letter of Intent\" (\"LOI\") announced previously. As a result, Vapor Group will undergo a complete change of management and business focus.\nYaron Elkayam, the CEO and principal shareholder of White Label Liquid, Inc., Daytona Beach, Florida (OTC Pink: WLAB) has assumed majority shareholder control of the Company, and will install within the week a new board of directors and new management to execute a new business plan which is to be announced. Yaniv Nahon in the coming days will be immediately departing the Company as will Dror Svorai. Both will no longer be involved in the Company or its operations.  The change of control constitutes a total restructuring.\nYaron Elkayam, new controlling shareholder, said, \"It is time for this Company to enter into a totally new business with a proven history of generating significant revenues and profits. I will be making several announcements in the weeks ahead about VPOR's new focus and who will be guiding the renewed growth. Once it is announced, I believe that the Company's shareholders will be pleased with what we have planned which includes major changes that also impact the Companies subsidiaries. What I can say for now is that the changes will not include any reverse stock split, any change in name or trading symbol or change in domicile.  However, a change of headquarters address will be announced. We look to a bright future for this Company.\"\nAbout Vapor Group, Inc.\nVapor Group, www.vaporgroup.com, is a publicly traded OTC company, trading under the symbol...