Business
VaporBrands International Provides Key Development Update - VAPR Secures Strategic Growth Capital
VaporBrands International Provides Key Development Update - VAPR Secures Strategic Growth Capital.
About this update from Vaporbrands International, Inc.
[{"type":"text","content":"\n\n\n\nVaporBrands International Provides Key Development Update - VAPR Secures Strategic Growth Capital\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\nVaporBrands International Provides Key Development Update - VAPR Secures Strategic Growth Capital\nPR Newswire\nLOS ANGELES, Dec. 10, 2013\n\n\n\n\n\n\n\nLOS ANGELES, Dec. 10, 2013 /PRNewswire/ -- VaporBrands International, Inc. (OTCPK: VAPR) (the \"Company\") is pleased to provide this management update regarding recent key developments at the Company.\n\n\"Over the last several months, our Company has been very successful at building a stronger foundation from which it can continue to grow its e-cigarette business,\" said Wendy Haviland, President of VaporBrands International, Inc.  \"Not only did we finalize a new funding agreement with an established investment group, but we also have entered the final stages of negotiating important new distribution and marketing partners that would allow us to distribute our products on a much broader scale than ever before.  We look forward to completing these distribution deals over the next few weeks and a very prosperous 2014.\"  \n\nVaporBrands International has received the initial working capital funding from a proposed multi-phase funding agreement with a privately-held U.S. based investment group (the \"Funding Agreement\").  Proceeds received from the Funding Agreement will be used by the Company, in part, to develop and market proprietary electronic cigarette products, to advance the Company's presence in the electronic cigarette sector and the buildup of required inventory, together with general working capital.\n\nIn addition, VaporBrands International has also redesigned and launched a new Company website to better serve its customers and to keep shareholders, potential investors, and the media current with Company events and industry trends.  The Company expects to make further functional and capacity enhancements to the website as demand requires. \n\nIndustry experts have estimated that by the end of 2013 sales of electronic cigarette...