Business
VAPORBRAND INTERNATIONAL, INC. APPOINTS EXECUTIVE OFFICER AND ESTABLISHES NEW OFFICE LOCATION
VAPORBRAND INTERNATIONAL, INC. APPOINTS EXECUTIVE OFFICER AND ESTABLISHES NEW OFFICE LOCATION.
About this update from Vaporbrands International, Inc.
[{"type":"text","content":"LOS ANGELES, CA - September 16, 2013\n -\n VaporBrands International, Inc. (OTCPK:\n VAPR) announced today that Wendy Haviland has been named President and a director of VAPR and announced the relocation\nof\nits principal executive office of the Company to 1880 Century Park East, Suite 315, Los Angeles, CA. \n Jason\nTorres\nhas\nresigned as an officer\nand director and\nhis\nresignation accepted. The Company intends to\ncontinue to focus on creating opportunities for establishing new and promoting existing relevant\nelectronic\ncigarette and cigar brands seeking to\nacquire market share in\nthe\n?vaping? sector of market.\n\n \n\nWendy Haviland stated\n?VaporBrands International, Inc.\nis currently in\nthe\nprocess of reestablishing itself\nas a marketing and development partner to manufacturers and\nbusiness development provider to\nresellers\nof proprietary\n electronic\n cigarette\n and\n cigar products, including refills\n and\n accessories. \n In addition, the\nCompany currently is\nnegotiating with several trademark holders to develop potential private label branded electronic cigarettes and cigars.?\n\n \n\nHaviland further indicated that the future of the market may move from\nthe\ninternet\nmodel to the retail store model. Analyst\nBonnie Herzog of\nWells Fargo Securities said\n\"conservative data\"\nalready indicates that sales\n of e-cigarettes this\n year have already\n reached\n $700 million from\n traditional\n retail\n outlets like convenience stores. Add in the estimated online sales of $500 million to $625 million and total year-to-date sales\nare\nabove $1 billion. The pace will only pick up this fall. \"We estimate that it will be $1.7 billion by the\nend\nof the year,\" Herzog said. Haviland conceded ?that the barriers to entry in selling in the traditional retail or convenient store outlets, unless regional in application, will be very economically prohibitive\nexcept to the traditional tobacco sellers; internet sales will be the initial primary source of revenue for the\nCompany.?\n\n \n\nAbout VaporBrands International,\nInc. (VAPR)\n\n \n\nVapo...