SOURCE: Vaporin, Inc.

Vaporin, Inc.

May 01, 2014 08:00 ET

Vaporin Supports FDA Regulation of Electronic Cigarette Industry

MIAMI, FL--(Marketwired - May 1, 2014) - Vaporin, Inc. (OTCQB: VAPO), a distributor and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products, supports the U.S. Food and Drug Administration's (FDA) issuance of proposed regulations on the electronic cigarette industry.

The proposal by the FDA details, among other important initiatives, a ban on the sale of e-cigarettes to minors, a mandate to disclose ingredients in the product, a warning of the addictive properties of nicotine, and a requirement for companies to register new products with the FDA. The FDA has not proposed a ban on advertising or Internet-based sales, nor a ban on flavor additives. Following a 75-day comment period, the FDA will finalize these proposals and companies will have a two-year window to comply.

Scott Frohman, Chief Executive Officer of Vaporin, stated, "We were pleased to learn of the detailed proposal set forth by the FDA and fully support their effort. The consumer's education through regulation will legitimize the e-cig industry and increase the consumers comfort with these products. Ultimately this will drive continued growth within the industry. Additionally, opportunities for consolidation and strategic partnerships will be necessary over the next several years as smaller industry players will find it difficult to comply. We are in an excellent position to utilize our platform as a public company to explore these opportunities and grow our business."

Additionally, the proposal restricts the sale of electronic cigarettes through the use of vending machines in venues that are accessible to minors.

Scott Frohman continued, "We are in 100% agreement with the FDA that the sale of e-cigarettes through vending machines should not be accessible in places where minors are present. Our distribution strategy through our exclusive agreement with Seaga was to roll out globally through nightclubs, bars, and other locations with consumers over 18. This proposal has not affected our strategy, and we are pleased that the FDA has proposed these restrictions in this manner."

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.

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