mCig, Inc. Publishes First Investor Presentation and Officially Unveils VitaCig, Inc.
February 03 2014 - 8:35AM
mCig, Inc. (OTCQB:MCIG) is pleased to release its first investor
presentation for the month of February 2014. This presentation also
known as an "Investor Deck" will serve the company by summarizing
the business model and performance metrics to existing investors,
potential investors, and potential joint venture partners and brand
ambassadors.
The presentation can be found in the mCig website Investor
Section Presentation Tab or directly here:
http://www.mcig.org/investors/presentations/
Unveiling VitaCig, Inc. – 100% Owned
Subsidiary
In connection with the release of our investor presentation,
management feels it is the appropriate time to unveil VitaCig,
Inc., our 100% owned subsidiary to our investors and customers.
VitaCig – Electronic Cigarettes as Medical Delivery
Devices
Taking the same innovative approach applied to the marijuana
industry, management decided to avoid direct competition with the
ultra-competitive and highly fragmented nicotine-based eCig
industry. Instead, we developed a niche product by embracing the
potential of eCig technology (the ability to easily vaporize
pre-packaged liquids from a pocket-sized device) as a medical
delivery device. In the fall of 2013 we began working on the new
product codenamed: "Vita". We incorporated a new subsidiary:
VitaCig, Inc. trademarked the name "VitaCig", and developed the
"VitaCig" - a nicotine-free eCig that delivers a water-vapor
comprised of vitamins, nutrients, and natural flavors. We believe
that VitaCig can become another game-changing product and category
killer.
As far as management is aware, a product comparable to VitaCig
does not exist on the market. Management believes that VitaCig
could cannibalize both the existing eCig market as well as the
e-Hookah markets by providing a superior, enjoyable experience
without the nicotine or overly sweet flavors. This product will
appeal to a wide market including: Smokers looking to quit, Smokers
looking to reduce nicotine consumption, non-smokers, and
rehabilitation patients suffering from illnesses.
"With the mCig we developed a brand that immediately disrupted
the vaporizer market. With VitaCig we are hoping to disrupt the
eCig market. At this stage, it would be foolish to compete head on
with the major tobacco companies who are embracing electronic
cigarette technology and rolling out nicotine based products.
However, we believe that we can successfully compete and build
brand awareness and first mover loyalty within the nicotine-free
space that is outside of the interest of the major tobacco
companies. More importantly, the VitaCig will become a platform for
the delivery of other compounds and nutrients through projected
joint R&D agreements with pharmaceutical companies and labs.
Our vision for VitaCig, Inc. is ambitious and we hope to
execute on this vision over the coming years," said Paul Rosenberg,
CEO of mCig, Inc.
VitaCig, Inc. To File for IPO with Shares Distributed To
MCIG Shareholders as Free Dividend
With the launch of our VitaCig subsidiary, mCig Inc. will become
somewhat bifurcated, involved in two separate industries:
Cannabis/Marijuana Vaporizers, and Nicotine-free medicinal eCigs.
We believe that our investors should be given the right to
participate in the industry of their choice while at the same time
rewarded for their loyalty and support. As a result, we have
decided to spin-off VitaCig, Inc. on a 1:1 basis to mCig, Inc.
shareholders. The result will be that every owner of one (1) share
of MCIG will receive one (1) share of VitaCig, Inc. as a free
dividend. The company has already engaged PCAOB Auditors and Legal
Counsel to prepare the form S-1 which will be filed within the next
90 days. Following the filing of the form S-1 and approval by the
SEC, VitaCig, Inc. will begin trading as an independent public
company with its own stock symbol.
"Unlike other companies in the space, when we uncover a non-core
market opportunity we believe our shareholders should derive the
entire economic benefit. VitaCig, Inc. will have an identical
capital structure to mCig, Inc. with the same shares authorized,
outstanding, and float. Following the spin-off, investors will be
able to make the choice of selling off VitaCig and keeping mCig to
keep pure Cannabis/Marijuana exposure, selling mCig and keeping
VitaCig to maintain pure exposure to the electronic cigarette
industry, or keeping both shares. Management will continue to work
hard on building both brands in their respective industries," said
Mark Linkhorst, COO of mCig, Inc.
mCig New Highest Sales Day Recorded
mCig, Inc. would also like to report that on January 29, 2014
the company achieved a new sales record measured over a 24-hour
period. The total sales achieved that day amounted to $3,541.12.
This figure excludes any sales achieved by our subsidiary
Vapolution, Inc.
mCig 2.0 Video Ad
The company recently released a video advertisement for the mCig
2.0 which can be found here:
http://www.youtube.com/watch?v=SiKab5UooJw
About mCig, Inc. mCig, Inc. (OTCQB:MCIG) is a technology company
focused on two long-term secular trends sweeping the globe: (1) The
decriminalization and legalization of marijuana for medicinal or
recreational purposes (2) The adoption of electronic vaporizing
cigarettes (commonly known as "eCigs") by the world's 1.2 Billion
smokers. The company manufactures and retails the mCig – the
world's most affordable vaporizer priced at only $10. Designed in
the USA – the mCig provides a superior smoking experience by
heating plant material, waxes, and oils delivering a smoother
inhalation experience. The company also owns Vapolution, Inc.
which manufactures and retails home-use vaporizers such as the
Vapolution 2.0. Through its wholly owned subsidiary, VitaCig, Inc.,
the company is preparing to launch the VitaCig, a $2 nicotine-free
eCig that delivers a water-vapor mixed with vitamins and natural
flavors. See more at: http://www.mCig.org/,
www.Vapolution.com, and www.VitaCig.org The company believes that a
well regulated marijuana industry is emerging as more states follow
the lead of Washington and Colorado in legalizing marijuana. A
similar trend is developing within the eCig industry following the
first acquisition of an electronic cigarette brand (Blucigs) by a
traditional tobacco company Lorillard Inc. for $135 million. Wells
Fargo analyst Bonnie Herzog estimates that eCig sales may rise from
$1 Billion in 2013 to $10 billion over the next three years. mCig,
Inc. (OTCQB:MCIG) has positioned itself as a first mover at the
intersection of these two trends and hopes to create shareholder
value by making the mCig one of the leading choices for electronic
consumption of plant material. - See more at:
http://www.mcig.org/investors/investor-opportunity-subpage/ Safe
Harbor Statement Any statements contained in this press release
that do not describe historical facts may constitute
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Any forward-looking
statements contained herein are based on current expectations, but
are subject to a number of risks and uncertainties. The factors
that could cause actual future results to differ materially from
current expectations include, but are not limited to, risks and
uncertainties relating to the Company's ability to develop, market
and sell products based on its technology; the expected benefits
and efficacy of the Company's products and technology; the
availability of substantial additional funding for the Company to
continue its operations and to conduct research and development,
and future product commercialization; and the Company's business,
research, product development, regulatory approval, marketing and
distribution plans and strategies.
CONTACT: Paul Rosenberg
CEO
(425)462-4219