DAVIE, FL–(Marketwired – Feb 26, 2014) – AvWorks Aviation Corp. (OTCQB: SPLI), (the “Company”, “AvWorks”, or “Vapor Group”), today released a letter to shareholders from its President and CEO, Dror Svorai. In the letter, Dror Svorai discusses recent events within the Company and the business’s outlook.
Letter to Shareholders:
This past month has been very eventful for us, and we have great expectations for the year.
First, as you know, Vapor Group, Inc. merged into AvWorks Aviation Corp., bringing to the Company a change of management, significant additional revenue, and a new business model focused on a rapidly growing industry. As a result of the merger, effective January 22, we promptly filed for a corporate name change to “Vapor Group, Inc.” in the State of Florida and in parallel filed for a trading symbol change and name change with the OTC stock exchange. We anticipate that the OTC market name and symbol change will occur very soon. Also, as you know, we filed for a reverse split of our common stock. We expect this reverse split to occur near the end of the first quarter, but not before.
Second, as a fully-reporting company under the Securities Exchange Act, we approved a plan to commit any and all necessary resources to making sure that all ongoing financial reports and material events are disclosed and reported to the SEC and our shareholders on a timely basis. Furthermore, we will have our accounting team and new auditor, Terry L. Johnson, CPA, Clearwater, Florida, who is registered with the Public Company Accounting Oversight Board, review all financial reports filed in the last two years under prior management in order to assure our shareholders that such filings were made accurately and thoroughly.
Third, we plan to increase shareholder value through accelerated growth in revenues driven by a broadened and deepened marketing and distribution footprint, and consumer and trade brand acceptance of our products. To that end, we are undertaking several initiatives.
Currently we are negotiating the acquisition of a company whose product line and key market segment supplement, rather than compete, with our own. We believe this acquisition will proof strategically and economically valuable since it will position us in a segment of our market that we currently don’t serve with a different type of e-cigarette product. Completion of this acquisition will result in an immediate incremental revenue gain.
Our success to date can be attributed to our bringing to our marketplace disruptive product innovations that re-defined the meaning of utility and economics in e-cigarette categories. Going forward we will continue to expand our product lines, while simultaneously pursuing both new e-cigarette product innovation and incremental quality improvements in our existing e-cigarette brands. Moreover, we are known in our marketplace for our “American Made” e-cigarette “e-liquids”, formulated and produced under strict quality and purity standards. In our industry, we offer the broadest range of e-liquids, both with and without nicotine.
Our salesforce is working hard to capitalize on our product innovation and differentiation over our competitors. Month-by-month our distribution spreads State-by-State as we add new regional distributors — many coming to us because of good “word of mouth” that they have heard about our products.
Culturally, our corporate management style is to embark on aggressive strategies to rapidly build a strong return on investment. By releasing this letter in a press release we wish to signal the markets that we are a new enterprise, intent on executing a strategy for the benefit of our investors that will demonstrate a sustained staying power for years to come.
In the coming months I look forward to providing you with further updates on your Company and the progress that we are making. You may also monitor our filings with the SEC in current reports on Form 8-Ks on the SEC websitewww.sec.gov.
Very truly yours,
President and CEO
Vapor Group, Inc.
About the Vapor Group
Vapor Group, Inc., www.vaporgroup.com, is in the business of designing, developing, manufacturing and marketing high quality, e-cigarette brands which use state-of-the-art electronic technology and specially formulated, “Made in the USA” e-liquids, which may or may not contain nicotine. It offers a range of products with unique e-liquid flavors that is unmatched in our industry. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands. It sells nationwide through distributors, wholesalers and directly to consumers through its own websites and direct response advertising.
All of its E-cigarettes consist of a long-life battery, a heating element, a cartridge filled with an “e-liquid” and an atomizer which when heated, vaporizes the e-liquid. Because E-cigarettes are not “lit” like regular cigarettes, they don’t create flame, smoke from burning, ash, tar, noxious fumes or leftover “cigarette butts”. As a result, they may be used virtually anywhere.
Vapor Group is committed to providing E-cigarettes that are convenient and economical to use, safer and healthier than traditional smoking, and which provide a flavorful, enjoyable smoking experience.
Vapor Group, Inc. is managed by a highly experienced team of executives committed to responsible business policies and practices, including the marketing of our products only to those eighteen years of age or older, not making or avoiding claims about our product health benefits, and fulfilling the requirements of all applicable laws and regulations.
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “will likely”, “should”, “could”, “would”, “may” or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company’s ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, the limited financial resources, domestic or global economic conditions — activities of competitors and the presence of new or additional competition and conditions of equity markets.
Vapor Group, Inc.