Additional Capital to be Used to Accelerate Growth
CHATSWORTH, CA / ACCESSWIRE / December 8, 2014 / Vape Holdings, Inc. (VAPE) (the "Company" or "Vape"), a holding company focused on providing healthy, efficient, and sustainable vaporization products, announced today a closing of a $500,000 investment with a single institutional accredited investor.
The capital infusion will allow Vape to accelerate its growth plans, including increased distribution for its HIVE Ceramics brand, introduction of its HIVE Glass products and launch of HIVE Supply.
"We welcome a new institutional investor into our company and appreciate the confidence they have in our business strategy as demonstrated with their investment," stated Kyle Tracey, CEO of VAPE Holdings. "We have specific plans for the capital that will continue to accelerate the sustained and increasing demand of our core business. Additionally, this new capital will assist with the launch of our newest line of products, HIVE Glass, which will be made available next week at http://www.hiveceramics.com. There was a small delay in timing due to the recent holidays."
Further details in regards to the investment can be found in an 8-K filing with the United States Securities and Exchange Commission.
About Vape Holdings, Inc.
Vape Holdings, Inc. focuses on designing, marketing, and distributing various vaporization products. The company offers medical and food grade ceramic products primarily under the HIVE Ceramics brand throughout North America, Europe and South America. HIVE offers a nonporous, non-corrosive, chemically inert ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes. The company is based in Chatsworth, California.
For more information on HIVE Ceramics and to visit our e-commerce site, please visit: http://www.hiveceramics.com.
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may", “would", "will", "expect", "estimate", "can". "believe:", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved.Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Vape Holdings' products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in Vape Holdings' filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Vape Holdings please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. Vape Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Vape Holdings, Inc.