VitaCig Renews South Korea Partnership, Expands Distribution Into Japan
(firmenpresse) - BEVERLY HILLS, CA -- (Marketwired) -- 01/19/16 -- VitaCig, Inc. (OTC PINK: VTCQ),a technology company that is harnessing mobile vaporization technology for medical delivery applications as well as a leader in the development, marketing, and sale of ultra-pure CBD Oil tinctures, Edibles, and E-Liquids is pleased to announce VitaCig U.S., has renewed its Partnership Agreement with South Korean Partner Kooleever, Inc., and expanded its distribution territory into Japan for its VitaCig® product line.
We are excited to announce that we have renewed our partnership with our Korean Partner Kooleever, Inc. For the past six months, our partnership was put on hold while Kooleever addressed governmental regulatory and customs issues concerning, non-nicotine e-cigs. Having overcome these hurdles, both parties have now renewed their agreement, and subsequently, Kooleever has placed their first order of 2016 with VitaCig.
In addition, with the help of our Korean Partner, VitaCig is also excited to announce the newest addition to our VitaCig global family, Japan. This landmark exclusive distribution agreement opens up another huge market for us in Asia; as well as another strong revenue stream for VitaCig.
VitaCig CEO, Paul Rosenberg commented, "Good news for our company, and shareholders, continues to pour in. Our hard work is paying off. Our VitaCig® product and brand continues to gain extensive traction internationally. We are grateful for our Korean Partners, and thrilled to be able to now offer our innovative, nicotine free, vitamin vaporizer, to the wonderful people of Japan. A population of over 127 million. The Japanese e-cig/vape market has exploded over the past year. The timing of this distribution agreement couldn''t have been better. This agreement guarantees the distribution of our no-nicotine products in Japan, a country with abnormally high rate of smoking. We look forward to assisting in harm-reduction, while growing our brand value."
With the effort of our Regional Sales Manager for Asia, and Korean Partner, our next target for Asia is the Philippines, and Indonesia. We will announce these deals, as they become finalized.
Lastly, we are excited to update our shareholders on our EU Vitastik Partnership and lucrative royalty agreement we announced last week. Our Vitastik EU Partner will be placing an order for 30k units through our Company next week.
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.
The company''s products are sold online at: , , , or through affiliate websites and select brick and mortar locations.
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.
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VitaCig, Inc.
Paul Rosenberg
CEO
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Datum: 19.01.2016 - 07:00 Uhr
Sprache: Deutsch
News-ID 1409629
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