SIMI VALLEY, CA--(Marketwired - Mar 24, 2014) - Vapor Hub International Inc. (OTCQB: VHUB) ("Vapor Hub" or "VHUB" or the "Company") is pleased to announce that it has completed the acquisition of Vapor Hub, Inc., a California-based company engaged in the development, production, and sales of electronic cigarette products.
On February 14, 2014, the Company entered into a Share Exchange Agreement (the "Agreement") with Vapor Hub, Inc. and Delite Products, Inc., through which VHUB agreed to acquire both companies through the issuance of 38,000,000 restricted common shares. The Company has now completed the first portion of the Agreement to acquire Vapor Hub, Inc. and anticipates concluding the Delite Products, Inc. portion of the Agreement in the near future.
In conjunction with closing of the acquisition of Vapor Hub Inc., the previous management of Vapor Hub International Inc. was replaced in favor of Kyle Winther, Lori Winther, and Jake Perlingos.
"We are very excited to have been able to close this first portion of the transaction and gain access to the public financial markets to fund our growth strategy," commented Jake Perlingos, newly appointed President of Vapor Hub International Inc. "I look forward to introducing more consumers to our highest quality 'Made in America' electronic cigarette products as we expand production, introduce new products, and ramp up targeted marketing programs."
Founded in 2008, Vapor Hub Inc. is an established California-based company engaged in the development, production, and sales of electronic cigarette products, including high quality e-liquids, custom vaporizers, and unique personal vaporizer modifications. In addition, the Company operates the Vapor Hub Lounge in Simi Valley, California, where customers and potential customers can relax, try the complete line of Vapor Hub products, and receive world-class customer service.
For more information, visit www.vapor-hub.com
Disclaimer/Safe Harbor: Some information in this Vapor Hub International Inc. (VHUB) press release constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause VHUB's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to VHUB herein are expressly qualified in their entirety by the above-mentioned cautionary statement. VHUB disclaims any obligation to update forward-looking statements contained in this press release, except as may be required by law.