TTCM China Announces Acquisition of VaporBrands International
(firmenpresse) - LOS ANGELES, CA -- (Marketwire) -- 10/08/12 -- TTCM China, Inc. (PINKSHEETS: TTCH) announced today its acquisition of all of the issued and outstanding shares of VaporBrands International, Inc. from its shareholders in consideration for the issuance of 45,000,000 shares of its common stock. As a result of the acquisition, the combined company is in the process of establishing its business as a marketing organization for VaporBrands, Inc., a Nevada corporation, and Safe Cig, LLC, a California limited liability company.
Safe Cig produces electronic cigarette products, including refills and accessories that are available pursuant to a Private Label Manufacturing and Distribution Agreement with VaporBrands, Inc. Safe Cig is a leading developer and manufacturer of proprietary electronic cigarette products and with its new Aurora™ technology, offers an alternative to smoking tobacco cigarettes. The product has no smoke, tar or ash and it does not have a bad smell like tobacco cigarettes while containing about the same amount of nicotine as a pack of traditional tobacco cigarettes. The products contain only four ingredients as opposed to the many chemicals associated with the harmful effects of traditional cigarettes. Under the agreements, Safe Cig will brand and package the electronic cigarette products using its technology and the third party customers furnished trademark(s) for sales that will take place outside of the United States of America.
Cautionary Language
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will," "believes," "plans," "anticipates," "expects," "look forward," "estimates" and similar expressions) should be considered to be forward-looking statements and the safe harbor provisions of said Act do not apply to an issuer that issues penny stock. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. We do not assume any obligation to update any forward-looking statements.
Contact:
Wendy Haviland
(213) 841-1296
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Datum: 08.10.2012 - 04:00 Uhr
Sprache: Deutsch
News-ID 1157851
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