(VAPO) Focus List Company Update
Vaporin Issues Letter to Shareholders : Click here to read the entire press release
MIAMI, FL--(Marketwired - Aug 19, 2014) - Vaporin, Inc. (OTCQB: VAPO), a distributor and marketer of vaporizers and e-liquid products, today releases Shareholder Update and company outlook.
To our shareholders,
Thus far in 2014 we have achieved over $600,000 in revenue and an average gross profit margin of 40% from our operations in the vaporizer, e-liquid, and ecig vending machine market. We have secured a web presence, implemented new distribution outlets, and laid the groundwork for the remainder of 2014 and into 2015. We have focused our resources on the vaporizer and e-liquids space as we see this as the stronger segment of the marketplace. Several key industry analysts have identified the increased growth in vaporizers. To this end we have aligned the Company with well-known and respected distributors for our brick and mortar revenue driver through convenience stores along with implementing an effective online sales program. Our goal is to become the market leader in the vaporizer and e-liquids market so these results are reassuring to us and in turn our shareholders that we are doing everything we can to gain a first mover advantage within this space.