SOURCE: Vaporin, Inc.

Vaporin, Inc.

April 01, 2014 09:05 ET

Vaporin Announces Closing of $2.4 Million to Finance Growth Opportunities Within Electronic Cigarette Industry

MIAMI, FL--(Marketwired - Apr 1, 2014) - Vaporin, Inc. (OTCQB: VAPO), a distributor and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products, today announced that it has closed a private placement of common stock in the amount of $2,400,000.

Scott Frohman, Chief Executive Officer of Vaporin, stated, "I want to welcome our new investors and thank them for believing in our brand and vision. Securing capital to support the growing demand of our electronic cigarette, vaporizer and e-liquid product lines was timely and of critical importance. Proceeds from this financing will be used to fulfill product orders, accelerate the national distribution of our product lines, and finance merger and acquisition opportunities. Additionally the infusion of capital will be instrumental in enabling us to quickly implement a comprehensive marketing plan to increase the recognition of our brand."

Chardan Capital Markets acted as the lead placement agent in connection with the transaction.

Scott Frohman continued, "We are excited to be working with The Special Equities Group at Chardan. They have a great track record and have experienced success in the modified risk smoking sector."

About Vaporin, Inc.
Vaporin is a distributor and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products. 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 our future growth, the national distribution of our products and demand for our products. 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 competition, new regulations which affect the distribution of our products, ineffective media and/or marketing, and failure to generate sufficient revenue. 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.

Contact Information

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

    Investor Relations Contact:
    Alliance Advisors, LLC
    Valter Pinto
    PH: (914) 669-0222x201
    Email Contact