DANIA BEACH, Fla., Feb. 17, 2016
/PRNewswire/ -- Vapor Corp. (NASDAQ CM: VPCO) (the "Company"),
a leading U.S.-based distributor and retailer of vaporizers,
e-liquids, e-cigarettes and e-hookahs, announced today that it has
withdrawn its request to the Nasdaq Listing Qualifications Panel of
The NASDAQ Stock Market LLC ("Nasdaq") for an appeal of the
delisting determination made by the Listing Qualifications Staff
(the "Staff") on January 22, 2016.
As a result, the Company's common stock will be suspended
from The Nasdaq Capital Market at the open of business today.
Nasdaq will file a Form 25 Notification of Delisting with the
Securities Exchange Commission (the "SEC") relating to the
delisting of the Company's common stock. The official
delisting of the Company's common stock will become effective ten
days thereafter.
Beginning today, the Company's common stock will be quoted under
the symbol "VPCO" on the OTC Pink-Current Information Tier, a
centralized electronic quotation service for over-the-counter
securities, so long as market makers demonstrate an interest in
trading in the Company's common stock. More information about
OTC Pink can be obtained from its website at
http://www.otcmarkets.com/marketplaces/otc-pink.
The transition to the over-the-counter markets will not affect
the Company's business operations. The Company will remain
subject to the public reporting requirements of the SEC following
the transfer.
About Vapor Corp.
Vapor Corp. 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.