MIAMI, FL--(Marketwired - May 19, 2014) - Vaporin, Inc. (OTCQB: VAPO), a distributor and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products, today announced the deployment of its first electronic cigarette ("E-Cigarette") vending machines.
In March, Vaporin signed an exclusive distribution agreement with Seaga Manufacturing, Inc. for the marketing and sale of goods for the Company's E-Cigarettes through a unique, innovative vending solution. The Vapestation will be rolled out globally through locations that attract consumers over the age of 18. Initially being rolled out in South Florida, Las Vegas, Illinois, Canada and the UK, the deployment of these vending machines are expected to increase Vaporin's revenue base.
Greg Brauser, Chief Operating Officer of Vaporin, stated, "The deployment of our first Vapestations in only a few months of initiating our strategic agreement with Seaga is a key milestone for our Company. It is a testament to our ability to set forth a strategy and execute on it quickly and aggressively. Thus far we have been pleased with the initial feedback we have received on the look, feel and consumer experience. This distribution strategy provides our key consumer demographic with access to our products in areas that otherwise would not supply them. The deployment of these machines is not only a competitive advantage, but will also add another revenue stream to our business. We anticipate deploying more machines throughout the year not only domestically, but also internationally throughout Europe and the UK."
About Vaporin, Inc.
Vaporin is a distributor and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products. Vaporin's innovative technology offers the look, feel and taste of traditional cigarettes without any tar, tobacco, smoke and odor. As an alternative to traditional cigarettes, Vaporin is offered in a variety of disposable and rechargeable starter kits and flavors. The unique Vaping Pens product line and Made-In-USA E-Liquid is what makes Vaporin one of the emerging brands in the market. Vaporin is not just an alternative to traditional smoking, but a lifestyle. For more information please visit, www.vaporin.com.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements including statements regarding our future Vapestations sales. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the effectiveness of our advertising campaign, consumer reaction to our advertising campaign, and new regulations which affect the distribution of our products. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K filed on March 27, 2014. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
