LAKE KIOWA, Texas, Aug. 6, 2014 /PRNewswire/ -- Nevis Capital
Corporation (OTC: OCEE), announces that they have signed a Letter
of Intent with Ciggies Electronic Cigarettes, Inc. to purchase an
equity interest in the Company along with a loan to help facilitate
their business growth objectives. Headquartered in Lantana, Palm Beach
County, FL, Ciggies is a wholesale distributor of various
electronic cigarettes, personal vaporizers, and E-Liquids along
with other related Electronic cigarette products and accessories.
Ciggies products are currently being sold in over 2,800 retail
establishments throughout United
States.
Ciggies, established in 2012, has experienced growth of more
than 100% during its second year of operation in 2013, which is due
to the explosive growth in popularity of electronic cigarette
products and success of Ciggies direct marketing approach.
The industry was worth an estimated $500,000,000 nationwide in 2012 and estimated to
be worth $1.7 billion by the end of
2013. Within 5 years analysts suggest the industry to be
worth nearly $10 billion and within
10 years, it is expected that electronic cigarettes sales will
surpass traditional cigarette sales currently valued at
$90 billion annually. Ciggies
products line can be view at www.ciggies.biz.
Safe Harbor Statement
This Press Release may contain certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The Company has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect the
Company's current beliefs and are based upon information currently
available to it. Accordingly, such forward-looking statements
involve known and unknown risks, uncertainties and other factors,
which could cause the Company's actual results, performance or
achievements to differ materially from those expressed in or
implied by such statements. The Company undertakes no
obligation to update or advise in the event of any change, addition
or alteration to the information catered in this document. Release
including such forward-looking statements.
SOURCE Nevis Capital Corporation