MIAMI, FL--(Marketwired - Nov 8, 2016) - NewGen Concepts, Inc., formerly named Vapor Group, Inc. (OTC PINK: VPOR), (the "Company"), announced today that its wholly-owned subsidiary, Total Vapor Inc. is shifting its focus to serve the growing MJ Market.
Yaniv Nahon, COO of Total Vapor said, "We have started two new projects involving the development of exciting new products specific to the increasing use of cannabis in the several states in which it is now legal. Going forward these products will represent a baseline of growth for Total Vapor as it increases its focus on the MJ Market." He continued, "The plan is for Total Vapor to spin-off from NewGen Concepts, Inc. in the near future, wherein Total Vapor will then become an independent publicly traded company with products totally immersed in the MJ Market. In the coming weeks, we expect to announce our first such proprietary Cannabis-related products that will significantly drive Total Vapor's revenues and earnings in the future."
About NewGen Concepts, Inc. (formerly Vapor Group, Inc.)
NewGen Concepts, Inc., www.newgenconcepts.com, was formed in 2016 to acquire, develop and capitalize on a portfolio of commercially viable intellectual property ("IP"), protected under U.S. and international patent and trademark law. Based on this IP portfolio, its strategic intent is to develop a portfolio of proprietary products and services to market, license and sell globally.
NewGen Concepts was formerly named Vapor Group, founded in 2012, Its primary focus has historically been the design, manufacture and marketing of high quality, vaporizers and state-of-the-art electronic e-cigarette brands and custom formulated, high purity "Made in the USA" e-liquids. These products continue to be sold under the Vapor Group, Total Vapor, Vapor 123 and Vapor Products brands. It also markets cutting-edge consumer products including the "Whizboard" brand of scooters and "Hoverkart" accessories sold by Smart Wheels, Inc., its subsidiary. All products are sold nationwide through distributors and directly to consumers through Company-owned websites. The Company wholly owns and operates the following subsidiaries: Total Vapor Inc., Vapor 123 Inc., VGR Media, Inc. and Smart Wheels, Inc.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.