AvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor Group, Inc., a Leader of the E-Cigarette Industry
January 22 2014 - 8:00AM
Marketwired
AvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor
Group, Inc., a Leader of the E-Cigarette Industry
The New Company Will Be Named "Vapor Group, Inc."
MIAMI, FL--(Marketwired - Jan 22, 2014) - AvWorks Aviation Corp.
(OTCQB: SPLI), (the "Company", or "AvWorks"), announced today that
it has entered into an Agreement of Merger and Plan of
Reorganization ("Merger Agreement") with the Vapor Group, Inc., a
Florida corporation ("Vapor Group") under which the Company will
issue 750,000,000 shares of its common stock for 100% of the issued
and outstanding shares of Vapor Group from the Vapor Group
Shareholders. Vapor Group, founded in mid-2012, is one of the
leading companies in the E-Cigarette Industry and has a reputation
for its product innovations. Vapor Group had 2013 revenues in
excess of seven figures. The Merger will become effective as soon
as practical.
Under the terms of the Merger Agreement, AvWorks Aviation Corp.
will immediately change its name and address to that of the Vapor
Group, Inc., and the existing Board of Directors of the Vapor
Group, Inc. will replace the sole officer and director of the
Company who will resign at closing.
Dror Svorai, President and CEO of the Vapor Group, stated, "We
are very excited to have been able to bring our company public.
2013 was our first full calendar year of operation in which we
experienced rapid growth in state-by-state distribution, and
constant sales acceleration. We firmly believe that in the
E-Cigarette marketplace we have set the nationwide benchmark for
product innovation and variety, high quality and unsurpassed
consumer value. We think setting these benchmarks not only explains
our current success but sets the stage for that success to
continue." He added, "In 2014, we project significant
year-over-year growth in revenues, and immensely expanded
operations and distribution."
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.
CONTACT: Vapor Group, Inc. 954-792-8450
Vapor (CE) (USOTC:VPOR)
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