SOURCE: Vaporin, Inc.

September 23, 2014 13:43 ET

UPDATE - Vaporin, Inc. Continues Expansion of The Vape Store Retail Locations

MIAMI, FL--(Marketwired - Sep 23, 2014) - Vaporin, Inc. (OTCQB: VAPOD), a distributor and marketer of vaporizers and e-liquids products, today announced they have signed a lease for the opening of another Vape Store. Located in North Fort Myers, Florida, the new store is positioned in a highly visible and heavily trafficked area. The Company is using cash flow from existing Vape Store locations to fund the development of the new store; no additional investment is needed.

Retail store sales continue to be one of the fastest growing segments of the vapor market. In fact, the number of vape stores have tripled over the last year. According to a recent report issued by Wells Fargo, the e-cigarette market has decreased $400 million from $1.4 billion to $1 billion while vaporizers, tanks, and mods have increased $400 million from $1.1 billion to $1.5 billion. The retail vape store segment alone has also grown to be a $1 billion market.

The Company recognizes this trend and is focused on the expansion of The Vape Store retail locations. Vaporin, Inc. has plans to aggressively accelerate the growth of their retail store model with continued acquisitions of existing stores as well as opening new store locations. Currently, the Company forecasts approximately $650,000 in annual revenue per vape store.

CEO Scott Frohman said, "The opening of another Vape Store is part of our strategy to continuously build out our multi-pronged revenue model. We are very pleased with the production from our current Vape Stores as the cash flow generated has enabled us to build out this new location without taking on any additional investment. This allows us to increase shareholder equity as we continue to execute on our business plan. We are very confident in our ability to quickly turn retail stores cash flow positive and will continue to move aggressively towards expanding our retail store, online sales and distribution market shares."

About Vaporin, Inc.
Vaporin is a distributor and marketer of vaporizers and e-liquids products. The Company focuses on a multi-pronged revenue model comprised of convenience store sales, online retail continuity programs, vending machines, and the acquisition and opening of brick and mortar retail stores. 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 future Vape Store acquisitions and opening new Vape Stores. 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 results of our marketing efforts including our online initiative, competition from other e-cig. companies and the major tobacco companies, our ability to efficiently and productively integrate our recent acquisition, our future stock price and cash resources, and new regulations which affect the distribution of these 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.

All of the securities were issued and sold in reliance upon the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933 (the "Act") and Rule 506 promulgated thereunder. These securities may not be offered or sold in the United States in the absence of an effective registration statement or exemption from the registration requirements under the Act. The investors are accredited investors and there was no general solicitation.

Contact Information

  • Contact:

    Company
    Vaporin, Inc.
    Scott Frohman
    Chief Executive Officer
    305.842.2813
    Email Contact

    Investor Relations
    Capital Markets Group, LLC
    Valter Pinto
    PH: (914) 669-0222x201
    or
    (212) 398-3486
    Email Contact