Vapor Group, Inc., VPOR, Enters Into Merger Letter of Intent

MIAMI, FL–(Marketwired – Aug 24, 2016) – The Board of Directors of Vapor Group, Inc. (OTC PINK: VPOR), (the “Company”) announced today that the Company has entered into a “Letter of Intent” for a reverse merger with a privately-held corporation. Details of the merger were not released pending negotiations of its terms and conditions. Closing of the transaction is expected not later than September 30, 2016.

The corporation merging into Vapor Group, Inc. holds U.S. and foreign patent rights in ...

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Vapor Group, Inc., VPOR, Reduces Amount of Convertible Debt

MIAMI, FL–(Marketwired – Aug 22, 2016) – The Board of Directors of Vapor Group, Inc. (OTCQB: VPOR) (the “Company”) announced today that it has entered into agreements with several of its noteholders for the payoff of their convertible promissory notes over time.

Dror Svorai, President and CEO, added, “We are paying down old debt to prevent the issuance of additional shares of the Company from the conversion of this debt which can only result in the further dilution of our ...

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Vapor Group, Inc., VPOR, Files Extension with SEC for Second Quarter 2015 Report Due to a Delay on Completion of Restated 2014 Annual Report and First Quarter 2015 Report

Davie, FL – August 13, 2015 – Vapor Group, Inc. (OTC.QB: “VPOR”), (the “Company” or “Vapor Group”), today announced that it had filed a Form NT for an extension of the filing with the Securities and Exchange Commission (“SEC”) of its second quarter 2015 Quarterly Report (the “Quarterly Report”).

The delay in the filing of the Quarterly Report is being caused by a backup in filings of reports which must be sequential starting with the restated Annual Report on ...

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Vapor Group, Inc., VPOR, Releases Letter to Shareholders

Davie, FL – June 4, 2015 – Vapor Group, Inc. (OTC.QB: “VPOR”), (the “Company” or “Vapor Group”), today released the following letter to its shareholders from its President and CEO, Dror Svorai.

Dear Shareholders:

I am writing you to provide you with an update on further changes effecting our filing of our annual and quarterly reports and to provide you with some guidance on the first quarter 2015 results that we can’t file until after restatement of year-end 2014 is filed.

Replacement of ...

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Vapor Group, Inc., VPOR, Releases Letter to Shareholders On Recent Events

Davie, FL – May 21, 2015 – Vapor Group, Inc. (OTC.QB: “VPOR”), (the “Company” or “Vapor Group”), today released the following letter to its shareholders from its President and CEO, Dror Svorai.

Dear Shareholders:

Yesterday afternoon and again this morning, we filed two 8-K’s addressing recent events that have significantly impacted the Company. The following are my comments on each of them:

2014 Financial Statement Restatement: What the 8-K filed yesterday can’t express is the frustration we feel in having to revise the ...

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Vapor Group, Inc., VPOR, Officers Postpone Right to Convert Preferred Stock

Davie, FL – May 7, 2015 – Vapor Group, Inc. (OTC.QB: “VPOR”), (the “Company” or “Vapor Group”), announced today that Dror Svorai, its President and CEO, and Yaniv Nahon, its Co-founder, COO and Secretary, had agreed to postpone their right to convert any of their aggregate 250,000 shares of Series B Preferred Stock of the Company, issued per the January 22, 2014 merger with AvWorks Aviation Corp., (the “Merger”), into common stock until after January 1, 2016. As reported in ...

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Vapor Group, Inc., VPOR, Board of Directors Announces No Reverse Split in 2015

Davie, FL – May 5, 2015 – Vapor Group, Inc. (OTC.QB: “VPOR”), (the “Company” or “Vapor Group”), announced today that in a meeting of its Board of Directors (“Board”) held Friday, May 1, 2015, it had voted to defer any consideration of a reverse split of the Company’s common stock until at the earliest January 2016.

Dror Svorai, President and CEO, said, “Even though the Company has gone on record that there won’t be a reverse split through June 30, 2015 ...

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Vapor Group, Inc., VPOR, Releases Letter to Shareholders

Davie, FL – April 15, 2015 – Vapor Group, Inc. (OTC.QB: “VPOR”), (the “Company” or “Vapor Group”), today released the following letter to shareholders from its President and CEO, Dror Svorai.

Dear Shareholders:

First, for the full year 2014, Vapor Group did about $4 ½ million in revenues (actual $4,481,839), an increase of about $2.5 million (actual $2,490,816), or 125% over calendar 2013 sales of $2 million (actual $1,991,023).

For the first quarter of 2015 preliminary revenue results show us well ...

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Vapor Group, Inc., VPOR, To Sell Through Resnick Distributors in Northeast U.S.

Davie, FL – March 25, 2015 – Vapor Group, Inc. (OTC.QB: “VPOR”), (the “Company” or “Vapor Group”), announced today that it had entered into a distribution agreement with Resnick Distributors, New Brunswick, NJ, a distributor of cigarettes and tobacco, general merchandise and other products, selling to about 1,500 retail locations in New Jersey, New York including New York City, Connecticut, Pennsylvania, Delaware, Maryland, Washington DC, North Carolina and several areas of Virginia. The agreement was brokered by Aleda Group ( Continue Reading →

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Vapor Group, Inc., VPOR, Announces Second Debt Prepayment of Over $100,000

Davie, FL – February 19, 2015 – Vapor Group, Inc. (OTC.QB: “VPOR”), (the “Company” or “Vapor Group”), announced today that on February 13, 2015 it had paid $148,000 (prox.) to prepay in full before maturity, and before the date of any potential note conversion to stock, a second convertible promissory note, dated October 2014. The note paid by the Company was in principal amount in excess of $100,000. This payment constitutes the second such prepayment of a convertible promissory note ...

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