LAJOLLA, Calif., May 20, 2014
/PRNewswire/ -- Marijuana Incubator Group, Inc. (OTC Pink:
AVOP) is pleased to announce that the Company has entered into
meaningful negotiations for the purchase 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.
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.
Marijuana Incubator Group, upon researching the marketplace, has
discovered that comparable vapor related websites, have experienced
considerable recent growth, since the process consists of the
timely and unmarked product delivery of products that are
preferably acquired online.
Marijuana Incubator Group anticipates that VaporTownUsa will
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 provision of choice essentials through the privacy of
internet commerce.
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 optimistic about the lucrative nature of this Company. We
believe VaporTownUsa is very well positioned in consideration of
its niche in such a quickly evolving industry. Our team is
dedicated to realizing shareholder value by strategically acquiring
companies such as VaporTownUsa.com and enhancing value by utilizing
our 360 degree marketing model that is structured to propel these
companies to heightened success."
The transaction is pending legal review to ensure compliance
with state and federal regulation.
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.