LAJOLLA, Calif., June 9, 2014
/PRNewswire/ -- Marijuana Incubator Group, Inc. (OTC Pink:
AVOP) is pleased to announce that the Company has completed its due
diligence and entered into a definitive agreement for the full
acquisition of VaporTownUsa.com, a profitable online vendor of top
quality vapor related essentials. The terms of the acquisition
detail a 100% purchase of the entity.
Marijuana Incubator Group has strategized to bolster
VaporTownUsa's presence in the online marketplace, and develop
significant momentum in the short term based on the dynamic nature
of the Company's strategy to drive traffic to the website and the
website's provision of choice essentials through the privacy of
internet commerce.
Marijuana Incubator Group has researched the industry, and has
discovered that its competitors in the vapor marketplace have
experienced considerable recent growth. The confidential and risk
free aspect of ordering product online offers a choice method to
the attaining of vapor related merchandise.
As recently announced, the Company's intention is to further
develop and equip VaporTownUsa.com to become a strong and
competitive contender in its sector. The Company was launched in
2012 to provide a wide array of novelties and essentials to
smoking, aromatherapy, and vapor enthusiasts. Contrary to big
online vendors and local head shops that carry a little bit of
everything, VaporTownUsa.com's focus is entirely on Vaporizers,
with a distinct emphasis on premium Vape Pens and portable
Vaporizers; leading brands such as Arizer, Volcano, Magic Flight,
Atmos and DaVinci.
With the quality of product and structure of the business,
VaporTown's profitability is expected to grow exponentially as the
Company implements the intended marketing strategies which include
promotion through leading internet and print advertisers.
Bryen Beglinger stated, "We are
very happy to be able to incorporate this Company into our
corporate structure. We believe VaporTownUsa is in a prime
position, since they are already profitable in an industry which
still has so much growth in store." He continued: "Our team is
committed to swiftly putting our 360 degree marketing model into
practice which is expected to result in a smooth integration and a
boost in revenues."
Marijuana Incubator Group was created to build a superlative
operation in this budding industry, robust with revenue generating
segments designed to integrate for optimum profitability. The
Company's strategy is to develop its corporate structure through
Joint Venture, Merger, and Acquisition, and is intent on being very
selective in the acquisition process, refining options to
businesses that will offer the greatest contribution to the bottom
line. The Company's management team is currently exploring
potential funding partnerships to provide the capital required to
realize its short and long-term goals, and will be updating
shareholders continually as further and subsequent negotiations
unfold.
About Marijuana Incubator Group, Inc.: Marijuana
Incubator Group, Inc., known as MIG, is a publicly traded
investment and holding company established to identify, secure, and
monetize emerging cannabis related technology, cultivation related
and ecommerce businesses positioned for exponential growth in the
Marijuana sector. The Company seeks to discover inspired
entrepreneurs with revolutionary concepts which can make a
substantial footprint in this market. Marijuana Incubator Group's
comprehensive business model includes a division which delivers
internally created projects that are poised for revenue, and a
platform enabling the Company to develop embryonic stage
subsidiaries under one umbrella, bringing a spectrum of backgrounds
to the table, providing a significant resource of experience,
knowledge and expertise to every venture. MIG explores every
opportunity to help each sector exceed their revenue goals while
building close, active working relationships; preparing each
respective division to be a robust competitor in in the marijuana
industry. For more information visit: http://www.mjiginc.com/
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SOURCE Marijuana Incubator Group, Inc.