VitaCig Executes Landmark Distribution Agreement Covering China, Expected To Report 200% Revenue Growth Quarter Over Quarter
April 25 2016 - 8:47AM
InvestorsHub NewsWire
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Beverly Hills, CA -- April 25, 2016 --
InvestorsHub NewsWire -- VitaCig, Inc. (OTC
PINK: VTCQ), a technology company that is harnessing
mobile vaporization technology for multiple delivery applications,
as well as a leader in the development, marketing, and sale of
ultra-pure CBD Drip Tinctures, Edibles, and E-Liquids, is pleased
to announce the company has executed a historic distribution
agreement awarding newly formed company, VitaCig China, founded by
entrepreneur and sales guru, Mr. Min K. Cho, exclusive rights to
distribute VitaCig® products into several key provinces in China,
covering a population of almost 100 million people.
The agreement was
reached after a careful vetting process and several purchase
orders. An
official agreement was signed and entered into by both parties
on April 19th. The VitaCig China agreement
is part of a comprehensive effort by the company to lock-in
international distribution agreements.
After much discussion
and analytics concerning the scope of operations and strategy,
VitaCig Inc. anticipates purchase orders to exceed well over $150k,
over the next several quarters.
To date, VitaCig China
has placed three purchase orders with VitaCig Inc., and each of
these three purchase orders has nearly sold out before the shipment
even arrived to the mainland. It is no surprise as China is
the world’s largest consumer and producer of tobacco, with over 350
million Chinese smokers. The reception of our VitaCig® non-nicotine, vitamin vaporizer among
Chinese consumers over the last two months has been
remarkable.
Due in part to this new
distribution agreement with VitaCig China, the company expects to
report at least 200% quarter over quarter revenue growth for
Quarter end, April 30th.
Newly appointed CEO
Glenn Kassel comments, “The VitaCig China distribution agreement is
the first of many international distribution agreements we expect
to close over the next few months. I couldn’t be more
thrilled with the efforts of our team as a whole, especially our
Asian Division Manager of Sales, Peter Park, who helped in
finalizing this deal. Our VitaCig® brand continues to expand
its reach across the globe. The concept of offering an
alternative to traditional tar based cigarettes continues to
reverberate among all different societies and cultures.
VitaCig®, the world’s first comprehensive vitamin vaporizer
disposable product, is now capitalizing on its’ unique niche and is
becoming one of the premier vaporizers in the world.”
Stay tuned for future
updates!
About VitaCig,
Inc.
VitaCig, Inc. (OTC
PINK: VTCQ) is a technology company harnessing mobile
vaporization technology for medical delivery applications. The
company owns, manufactures, and distributes the VitaCig®, a
nicotine-free device. As well as a leader in the development,
marketing, and sale of ultra-pure CBD Oil tinctures, Edibles, and
E-Liquids.
The company's products
are sold online at: www.mcig.org,
www.vitacbd.com,
www.vitacig.org,
or through affiliate websites and select brick and mortar
locations.
Safe Harbor
Statement
Any statements contained
in this press release that do not describe historical facts may
constitute forward-looking statements as that term is defined in
the Private Securities Litigation Reform Act of 1995. Any
forward-looking statements contained herein are based on current
expectations, but are subject to a number of risks and
uncertainties. The factors that could cause actual future results
to differ materially from current expectations include, but are not
limited to, risks and uncertainties relating to the Company's
ability to develop, market and sell products based on its
technology; the expected benefits and efficacy of the Company's
products and technology; the availability of substantial additional
funding for the Company to continue its operations and to conduct
research and development, and future product commercialization; and
the Company's business, research, product development, regulatory
approval, marketing and distribution plans and
strategies.
Contact:
VitaCig, Inc.
Glenn Kassel
CEO
Glenn@vitacig.org
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