ERIE, PA--(Marketwired - Apr 2, 2014) - Fortitude Group, Inc. (OTC: FRTD) executes distribution agreement with VaporVites.
VaporVites, offers a unique herb vaporizing system that can be used with a wide array of dry herbs. The portable devise fits in your pocket and is ergonomically designed with a convenient storage compartments for tips and paraphernalia. The advance temperature control system with its surrounding ceramic heating chamber enhances the overall vapor experience.
Under the distribution agreement, Fortitude shall initially process orders for 10 dispensaries in Colorado with the expansion of an additional 70 dispensaries within the next quarter.
Thomas J. Parilla, CEO of Fortitude stated, "The agreement with VaporVites fits with our overall product rollout and revenue model. We are excited to begin the distribution of the VaporVites e-cig product line which will immediately produce revenue for the company at minimal hard cost to the company."
The company also announced that they are in the final funding stages with PRIMARQ and are confident that upon completion of this acquisition, PRIMARQ will add a minimum of the projected $200 million in annual revenue to Fortitudes bottom line.
The company is expanding its high revenue/low cost product initiatives and will announce them to the public as they are ready to go to market.
Fortitude Group, Inc. is a diversified company with investments in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and/or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.
Forward Looking Statements
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.