DANIA BEACH, Fla., Jan. 28, 2016
/PRNewswire/ -- Vapor Corp. (NASDAQ CM: VPCO) ("Vapor" or the
"Company"), a leading U.S.-based distributor and retailer of
vaporizers, e-liquids, e-cigarettes and e-hookahs, today announced
that its Special Meeting of Stockholders scheduled for Thursday, January 28, 2016 has been
adjourned.
The Special Meeting has been adjourned to 4:05 p.m. local time on Monday, February 1, 2016, at Vapor's corporate
headquarters at 3001 Griffin Road, Dania
Beach, Florida 33312 to
allow additional time for the stockholders to vote on Proposal 2 to
increase the number of authorized shares of common stock as set
forth in the Company's proxy statement filed with the Securities
and Exchange Commission ("SEC"). At the time the Special
Meeting was adjourned, Proposals 1 and 3 to approve a reverse stock
split and adjournment of the Special Meeting, respectively, were
approved and the vote in favor of Proposal 2 was approximately 49%
of the issued and outstanding shares of Vapor common stock. The
affirmative vote of over 50% of the issued and outstanding shares
of Vapor common stock is required to approve Proposal 2.
During the period of the adjournment, the Company will continue
to solicit proxies from its stockholders with respect to Proposal 2
as set forth in the Company's proxy statement. Only stockholders of
record on the record date of January 7,
2016 are entitled to and are being requested to vote.
Phone and internet voting has been reopened and the Company
encourages all stockholders who have not yet voted to do so before
January 31, 2016 at 11:59 p.m. Eastern time.
No changes have been made in the proposals to be voted on by
stockholders at the Special Meeting. The Company's proxy statement
and any other materials filed by the Company with the SEC remain
unchanged and can be obtained free of charge at the SEC's website
at http://www.sec.gov.
About Vapor Corp.
Vapor Corp., a Nasdaq company, is a
U.S. based distributor and retailer of vaporizers, e-liquids and
electronic cigarettes. It recently acquired the retail store chain
"The Vape Store" as part of a merger with Vaporin, Inc. The
Company's innovative technology enables users to inhale nicotine
vapor without smoke, tar, ash or carbon monoxide. Vapor Corp. has a
streamlined supply chain, marketing strategies and wide
distribution capabilities to deliver its products. The Company's
brands include VaporX®, Krave®, Hookah Stix® and Vaporin™ and are
distributed to retail stores throughout the U.S. and Canada. The Company sells direct to consumer
via e-commerce and Company-owned brick-and-mortar retail locations
operating under "The Vape Store" brand.
Safe Harbor Statement
Safe Harbor Statements under the
Private Securities Litigation Reform Act of 1995: The Material
contained in this press release may include statements that are not
historical facts and are considered "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements reflect Vapor Corp.'s
current views about future events, financial performances, and
project development. These "forward-looking" statements are
identified by the use of terms and phrases such as "will,"
"believe," "expect," "plan," "anticipate," and similar expressions
identifying forward-looking statements. Investors should not rely
on forward-looking statements because they are subject to a variety
of risks, uncertainties, and other factors that could cause actual
results to differ materially from Vapor's expectations. These risk
factors include, but are not limited to, the risks and
uncertainties identified by Vapor Corp. under the headings "Risk
Factors" in its latest Annual Report on Form 10-K. These factors
are elaborated upon and other factors may be disclosed from time to
time in Vapor Corp.'s filings with the Securities and Exchange
Commission. Vapor Corp. expressly does not undertake any duty to
update forward-looking statements.
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SOURCE Vapor Corp.