SIMI VALLEY, CA--(Marketwired - May 14, 2014) - Vapor Hub International Inc. (OTCQB: VHUB) ("Vapor Hub" or "VHI" or the "Company") is pleased to announce that the Company has entered into a Letter of Intent with IDIBIC, LLC which contemplates the exclusive distribution by IDIBIC of the Company's AR Mods in Florida. IDIBIC, LLC is a Florida based e-cigarette and vaping supplier/distributor.
"Our exclusive arrangement with IDIBC for the state of Florida will include a significant minimum monthly purchase order for mods," stated Justin Moreno, Vapor Hub's National Sales Manager. "We look forward to working closely with the experienced sales and distribution team at IDIBIC to establish Vapor Hub International and the AR Mod brand as a market leader across the Sunshine State."
Claudio Rosario, Esq., co-founder of IDIBIC, stated, "This is exactly the type of company and people we want to work with. After we flew out to meet with them last week, saw their operations and met the management team, we knew they could deliver quality US made products and provide the type of customer service we're looking for."
The completion of a distribution arrangement between the parties for the state of Florida is subject to the entry of a definitive agreement to formalize the business arrangement contemplated by the LOI, which the parties anticipate completing on or before June 1, 2014.
About Vapor Hub International Inc. (VHI)
Vapor Hub International Inc. is a 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 regarding VHI, visit www.vapor-hub.com.
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to expectations of entering into a definitive agreement with, and any future purchases of mods by Idibic LLC.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, our failure to successfully negotiate a definitive agreement with Idibic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.