MIAMI, FL–(Marketwired – Dec 12, 2016) – NewGen Concepts, Inc., formerly named Vapor Group, Inc. (OTC PINK: VPOR), (the “Company”), announced today that its subsidiary, Total Vapor Inc., has entered into a nationwide distribution agreement to resell to consumers, and wholesale to the trade, products containing CBD Oil.
“CBD” is an abbreviation for cannabidiol, a prominent naturally occurring cannabinoid component found in cannabis that is devoid of psychoactive effect. After THC, CBD is by far the most studied natural cannabinoid. According to many researchers, CBD may be the single most important cannabinoid ever discovered.
Yaniv Nahon, COO of Total Vapor said, “We are very excited about our new line of CBD oil-infused products which are high purity and many of which are suitable for vaping or topical use. All flavoring components are organic, and we will be offering over fifty different flavors in various concentrations.” He added, “We are today beginning the process of launching the nationwide marketing for our CBD line, and anticipate strong initial sales. This launch is only the first of many as we sharpen our focus on products for the growing MJ Market by the addition of many additional brands.”
About NewGen Concepts, Inc. (formerly Vapor Group, Inc.)
NewGen Concepts, Inc., www.newgenconcepts.com, was formed in 2016 to acquire, develop and capitalize on a portfolio of commercially viable intellectual property (“IP”), protected under U.S. and international patent and trademark law. Based on this IP portfolio, its strategic intent is to develop a portfolio of proprietary products and services to market, license and sell globally.
NewGen Concepts, formerly named Vapor Group, was founded in 2012. Its primary focus has been the design, manufacture and marketing of high quality, vaporizers and state-of-the-art electronic e-cigarette brands and custom formulated, high purity “Made in the USA” e-liquids. These products are sold under the Vapor Group, Total Vapor, Vapor 123 and Vapor Products brands. It also markets cutting-edge consumer products including the “Whizboard” brand of scooters and “Hoverkart” accessories sold by its subsidiary, Smart Wheels, Inc. All products are sold nationwide through distributors and directly to consumers through Company-owned websites. The Company wholly owns and operates the following subsidiaries: Total Vapor Inc., Vapor 123 Inc., VGR Media, Inc. and Smart Wheels, Inc.
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.
NewGen Concepts, Inc.