DANIA BEACH, Fla., Feb. 6, 2014 /PRNewswire/ -- Vapor Corp.
(OTCQB:VPCO; "Vapor", the "Company" or "we"), a leading U.S. based
electronic cigarette company whose brands include Krave®,
Fifty-One®, VaporX®, Alternacig®, EZ Smoker®, Green Puffer®,
Americig®, Fumare™, Hookah Stix® and Smoke Star®, today announced
that it has retained Knight Global Services, LLC to assist the
company with increasing awareness of Vapor's electronic cigarette
brands as well as helping the company to expand and diversify its
relationships with large retailers and national chains. Vapor
Corp.'s products are available today in more than 60,000 retail
outlets in the U.S. and Canada.
Knight Global Services, LLC is a wholly owned subsidiary of
Knight Global, LLC of which Ryan
Kavanaugh is an investor and principal. Knight Global serves
as the family office for Mr. Kavanaugh. Mr. Kavanaugh is the
Founder and Chief Executive Officer of Relativity, a
next-generation media company engaged in multiple aspects of
entertainment, including film production; financing and
distribution; television; sports management; music
publishing; and digital media.
Mr. Kavanaugh will serve as a strategic advisor to Vapor Corp.
and will also will join the company's Board of Directors within
five business days after the company files its Annual Report for
the fiscal year ended December 31,
2013.
For additional information, reference is made to Vapor's Current
Report on Form 8-K dated February 3,
2014, as filed with the Securities and Exchange Commission
on February 6, 2014.
About Vapor Corp.
Vapor Corp., a publicly traded
company, is a leading U.S. based electronic cigarette company,
whose brands include Fifty-One®, Krave®, VaporX®, EZ Smoker®,
Alternacig®, Green Puffer®, Americig®, Fumare™, Hookah Stix® and
Smoke Star®. We also design and develop private label brands for
some of our distribution customers. "Electronic cigarettes" or
"e-cigarettes," are battery-powered products that enable users to
inhale nicotine vapor without smoke, tar, ash or carbon monoxide.
Vapor's electronic cigarettes and accessories are available online,
through direct response to our television advertisements and
through retail locations throughout the
United States. For more information on Vapor Corp. and its
e-cigarette brands, please visit us at www.vapor-corp.com.
About Ryan
Kavanaugh
Ryan
Kavanaugh is the Founder and Chief Executive Officer of
Relativity, a next-generation studio. The company is engaged in
multiple aspects of entertainment, including film and television
financing, production and distribution; music publishing; sports
management and digital media. Kavanaugh is a highly successful
producer and global expert in film finance. Under his leadership,
Relativity has produced, distributed or structured financing for
more than 200 motion pictures generating more than $17 billion in worldwide box-office revenue and
earning 60 Oscar® nominations.
Among the newest Relativity films Kavanaugh has produced or
executive produced are McG's Three Days to Kill, starring
Kevin Costner; Scott Cooper's Out of the Furnace, with
Christian Bale and Zoe Saldana; and Luc
Besson's The Family, starring Robert De Niro, Michelle
Pfeiffer and Tommy Lee
Jones.
Previous Relativity productions include Safe Haven,
directed by Lasse Hallstrom;
Mirror Mirror, starring Julia
Roberts; Immortals, which grossed more than
$225 million worldwide; Neil Burger's thriller Limitless,
starring Bradley Cooper;
David O. Russell's The
Fighter, which earned seven Oscar nominations and won two; and
David Fincher's The Social
Network (executive producer), which received eight Oscar
nominations.
Kavanaugh began his entertainment industry career as the
architect of innovative slate-financing arrangements for a number
of major studios. He crafted feature-film funding structures for
Sony, Universal, Warner Bros. and others, introducing more than
$10 billion in capital to the sector.
Relativity evolved from a finance and production company into a
full-fledged movie studio after Kavanaugh led its acquisition of
Overture Films' marketing and distribution operations in 2010. He
further strengthened the studio's distribution network by
negotiating a first-of-its-kind television deal with Netflix,
forging a strategic partnership with Sir Richard Branson's Virgin Mobile and Virgin
Produced and overseeing the studio's aggressive expansion into
China.
Kavanaugh's work has garnered numerous accolades. In 2011 he was
named Variety's Showman of the Year. The Hollywood
Reporter honored him with its 2010 Leadership Award and he was
honored with the 2009 Hollywood Producer of the Year Award at the
13th Annual Hollywood Awards Gala. In a special issue
dedicated to him, Variety recognized Kavanaugh as a "Billion
Dollar Producer."
A devoted philanthropist, Kavanaugh serves as chairman of the
board for The Art of Elysium, an organization that encourages
artists to donate their time and talents to children battling
serious medical conditions. He is a recipient of the Cedars-Sinai
Medical Center Board of Governors' Hollywood Humanitarian Award and
the Anti-Defamation League's 2011 Entertainment Industry Award. In
recognition of his dedication to helping inner-city youth, he was
presented with the Sheriff's Youth Foundation Community Champion
Award.
Safe Harbor Statement
This press release contains
certain forward-looking statements that are made pursuant to the
"Safe Harbor" provisions of the Private Securities Litigation
Reform Act of 1995, as amended. Words such as "expects,"
"anticipates," "plans," "believes," "scheduled," "estimates" and
variations of these words and similar expressions are intended to
identify forward-looking statements. These forward-looking
statements concern Vapor's operations, economic performance and
financial condition and are based largely on Vapor's beliefs and
expectations. These statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Vapor to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Certain of these
factors and risks, as well as other risks and uncertainties are
stated in Vapor's Annual Report on Form 10-K for the fiscal year
ended December 31, 2012 and in
Vapor's subsequent filings with the U.S. Securities and Exchange
Commission. These forward-looking statements are made as of the
date of this press release, and Vapor assumes no obligation to
update the forward-looking statements or to update the reasons why
actual results could differ from those projected in the
forward-looking statements.
Contacts:
Media: Alison
Crisci
acrisci@kcsa.com / (212)-896-1252
IR: Garth Russell
grussell@kcsa.com / (212)-896-1250
SOURCE Vapor Corp.