AvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor Group, Inc., a Leader of the E-Cigarette Industry
AvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor Group, Inc., a Leader of the E-Cigarette Industry
The New Company Will Be Named "Vapor Group, Inc."
MIAMI, FL--(Marketwired - Jan 22, 2014) - AvWorks Aviation Corp. (OTCQB: SPLI), (the "Company", or "AvWorks"), announced today that it has entered into an Agreement of Merger and Plan of Reorganization ("Merger Agreement") with the Vapor Group, Inc., a Florida corporation ("Vapor Group") under which the Company will issue 750,000,000 shares of its common stock for 100% of the issued and outstanding shares of Vapor Group from the Vapor Group Shareholders. Vapor Group, founded in mid-2012, is one of the leading companies in the E-Cigarette Industry and has a reputation for its product innovations. Vapor Group had 2013 revenues in excess of seven figures. The Merger will become effective as soon as practical.
Under the terms of the Merger Agreement, AvWorks Aviation Corp. will immediately change its name and address to that of the Vapor Group, Inc., and the existing Board of Directors of the Vapor Group, Inc. will replace the sole officer and director of the Company who will resign at closing.
Dror Svorai, President and CEO of the Vapor Group, stated, "We are very excited to have been able to bring our company public. 2013 was our first full calendar year of operation in which we experienced rapid growth in state-by-state distribution, and constant sales acceleration. We firmly believe that in the E-Cigarette marketplace we have set the nationwide benchmark for product innovation and variety, high quality and unsurpassed consumer value. We think setting these benchmarks not only explains our current success but sets the stage for that success to continue." He added, "In 2014, we project significant year-over-year growth in revenues, and immensely expanded operations and distribution."
About the Vapor Group
Vapor Group, Inc., www.vaporgroup.com, is in the business of designing, developing, manufacturing and marketing high quality, E-Cigarette brands which use state-of-the-art electronic technology and specially formulated, "Made in the USA" e-liquids, which may or may not contain nicotine. It offers a range of products with unique e-liquid flavors that is unmatched in our industry. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands. It sells nationwide through distributors, wholesalers and directly to consumers through its own websites and direct response advertising.
All of its E-Cigarettes consist of a long-life battery, a heating element, a cartridge filled with an "e-liquid" and an atomizer which when heated, vaporizes the e-liquid. Because E-Cigarettes are not "lit" like regular cigarettes, they don't create flame, smoke from burning, ash, tar, noxious fumes or leftover "cigarette butts." As a result, they may be used virtually anywhere.
Vapor Group is committed to providing E-Cigarettes that are convenient and economical to use, safer and healthier than traditional smoking, and which provide a flavorful, enjoyable smoking experience.
Vapor Group, Inc. is managed by a highly experienced team of executives committed to responsible business policies and practices, including the marketing of our products only to those eighteen years of age or older, not making or avoiding claims about our product health benefits, and fulfilling the requirements of all applicable laws and regulations.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
CONTACT:
Vapor Group, Inc.
954-792-8450
AvWorks Aviation Corp., SPLI, Announces Its Merger With the Vapor Group, Inc., a Leader of the E-Cigarette Industry
The New Company Will Be Named "Vapor Group, Inc."
MIAMI, FL--(Marketwired - Jan 22, 2014) - AvWorks Aviation Corp. (OTCQB: SPLI), (the "Company", or "AvWorks"), announced today that it has entered into an Agreement of Merger and Plan of Reorganization ("Merger Agreement") with the Vapor Group, Inc., a Florida corporation ("Vapor Group") under which the Company will issue 750,000,000 shares of its common stock for 100% of the issued and outstanding shares of Vapor Group from the Vapor Group Shareholders. Vapor Group, founded in mid-2012, is one of the leading companies in the E-Cigarette Industry and has a reputation for its product innovations. Vapor Group had 2013 revenues in excess of seven figures. The Merger will become effective as soon as practical.
Under the terms of the Merger Agreement, AvWorks Aviation Corp. will immediately change its name and address to that of the Vapor Group, Inc., and the existing Board of Directors of the Vapor Group, Inc. will replace the sole officer and director of the Company who will resign at closing.
Dror Svorai, President and CEO of the Vapor Group, stated, "We are very excited to have been able to bring our company public. 2013 was our first full calendar year of operation in which we experienced rapid growth in state-by-state distribution, and constant sales acceleration. We firmly believe that in the E-Cigarette marketplace we have set the nationwide benchmark for product innovation and variety, high quality and unsurpassed consumer value. We think setting these benchmarks not only explains our current success but sets the stage for that success to continue." He added, "In 2014, we project significant year-over-year growth in revenues, and immensely expanded operations and distribution."
About the Vapor Group
Vapor Group, Inc., www.vaporgroup.com, is in the business of designing, developing, manufacturing and marketing high quality, E-Cigarette brands which use state-of-the-art electronic technology and specially formulated, "Made in the USA" e-liquids, which may or may not contain nicotine. It offers a range of products with unique e-liquid flavors that is unmatched in our industry. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands. It sells nationwide through distributors, wholesalers and directly to consumers through its own websites and direct response advertising.
All of its E-Cigarettes consist of a long-life battery, a heating element, a cartridge filled with an "e-liquid" and an atomizer which when heated, vaporizes the e-liquid. Because E-Cigarettes are not "lit" like regular cigarettes, they don't create flame, smoke from burning, ash, tar, noxious fumes or leftover "cigarette butts." As a result, they may be used virtually anywhere.
Vapor Group is committed to providing E-Cigarettes that are convenient and economical to use, safer and healthier than traditional smoking, and which provide a flavorful, enjoyable smoking experience.
Vapor Group, Inc. is managed by a highly experienced team of executives committed to responsible business policies and practices, including the marketing of our products only to those eighteen years of age or older, not making or avoiding claims about our product health benefits, and fulfilling the requirements of all applicable laws and regulations.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
CONTACT:
Vapor Group, Inc.
954-792-8450
