VitaCig Executes Landmark Distribution Agreement C
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Posted On: 04/25/2016 3:34:54 PM
Re: MattySimone #2022
VitaCig Executes Landmark Distribution Agreement Covering China, Expected To Report 200% Revenue Growth Quarter Over Quarter
BEVERLY HILLS, CA / ACCESSWIRE / April 25, 2016 / 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!
http://finance.yahoo.com/news/vitacig-execute...00868.html
BEVERLY HILLS, CA / ACCESSWIRE / April 25, 2016 / 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!
http://finance.yahoo.com/news/vitacig-execute...00868.html
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