SOURCE: Vaporin, Inc.

September 10, 2014 08:00 ET

Vaporin, Inc. Announces 1:50 Reverse Stock Split

MIAMI, FL--(Marketwired - Sep 10, 2014) - Vaporin, Inc. (OTCQB: VAPO), a distributor and marketer of electronic cigarettes, vaporizers and e-liquids products, today announced a 1:50 reverse stock split effective at the opening of trading on September 10, 2014. The strategic move by management makes Vaporin, Inc. more attractive to institutional investors as CEO Scott Frohman is preparing for a non-deal road show to present in front of numerous brokerage firms, hedge funds, and money managers. The Company is confident in the long-term benefits of the reverse split.

CEO Scott Frohman said, "We believe the positives of the reverse split far outweigh any negatives. Not only are we more attractive to institutional investors but the new structure makes it much easier for us to complete strategic acquisitions, which we plan to aggressively pursue heading into Q4. The post-reverse share price will also allow us to complete financings with much larger investment banks."

Mr. Frohman continued, "It has also been a focus of ours to build a strong Board of Directors with extensive investment experience and related industry experience and this new structure will help us do just that."

The Company is focused on increasing shareholder equity by continuing to increase sales revenue and completing more acquisitions to add to the bottom line. The new reverse split structure will help Vaporin, Inc. continue to progress with their business plan. 

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 has a unique Vaporizer 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 completing future acquisitions, completing future financings and building a strong board of directors. 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 effectiveness of our advertising campaign, consumer reaction to our advertising campaign, new regulations which affect the distribution of our products, our ability to locate and consummate agreements with acquisition targets, our future stock price and our ability to attract independent directors with the appropriate mix of skills. 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

  • 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