SOURCE: Vaporin, Inc.

Vaporin, Inc.

April 03, 2014 08:00 ET

Vaporin Signs Letter of Intent to Acquire JAK ECIG

MIAMI, FL--(Marketwired - Apr 3, 2014) - Vaporin, Inc. (OTCQB: VAPO), a distributor and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products, today announced that it has signed a Letter of Intent to acquire JAK ECIG.

Led by Founder and CEO Jack Saleh, JAK ECIG is a producer and marketer of electronic cigarettes, which distributes high quality products that are value driven for their consumers. JAK ECIG has built distribution of its electronic cigarette product line throughout Illinois, California, Wisconsin, Indiana and Arizona. JAK ECIG has established a unique blend of product lines including electronic cigarettes, starter kits, classic hookahs and a Cuban e-cigar. Pursuant to the proposed agreement Mr. Jack Saleh will become President and Chief Operating Officer of Vaporin, Inc.

Scott Frohman, Chief Executive Officer of Vaporin, stated, "We are extremely pleased to announce our Letter of Intent to acquire JAK ECIG and soon have their founder, Jack Saleh, join us to provide his strong leadership as our new partner. JAK ECIG has a unique brand with great distribution. They have proven in the marketplace that they have a superior product at a great value. Smokers have been embracing JAK and are now asking for them over other brands as sales are rapidly expanding into thousands of retail locations. With current distribution in five states, the acquisition will enable us to quickly expand to a national footprint. As a combined entity we will be able to scale both brand and distribution to enhance the growing sales that JAK already has in combination with Vaporin's current product line of vaporizing pens and e-liquids. With Vaporin's platform that is able to access capital and strategic resources, we believe that together we have a strong combination to bring favorably priced high quality products to the electronic cigarette industry. We expect to announce the closing of this transaction within the next 30 days."

For more information please visit www.jakecig.com.

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 benefits each company will provide to the other, and closing the acquisition. 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 our ability to negotiate a binding agreement with Jack Saleh, new regulations which affect the distribution of our products, and the condition of the public equity markets in general and for microcap companies. 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) 669-0222 x201
    Email Contact