Additional Changes To Be Announced Within Week
MIAMI, Feb. 26, 2019 /PRNewswire/ -- Vapor Group, Inc. (OTC Pink: VPOR), ("Company" or "Vapor Group"), today announced that its Board of Directors has appointed David Zinger as President and Chief Executive Officer.
"These leadership appointments are effective immediately and follow the decision that Yaniv Nahon step down as President and Chief Executive Officer and resign as a director of the Company. Dror Svorai, Vapor Group's primary consultant, has also resigned and is no longer involved with the Company," stated Yaron Elkayam, its new Chairman of the Board of the Company.
He added, "We are fortunate to have someone of David Zinger's caliber and experience step in to lead Vapor Group. The Company is at a critical juncture and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead. David is a visionary with a proven track record of execution. He is a strong communicator who is customer-focused with deep leadership capabilities."
"I couldn't be more honored to have been chosen to lead the transformation of Vapor Group," said David Zinger. "We foresee a huge opportunity ahead for VPOR, but to seize it, we must focus clearly, move fast and continue to transform and evolve the Company. A big part of my job will be to accelerate our ability to grow."
Yaron Elkayam continued, "In my opinion, during this transformative time, there is no better person to lead VPOR than David Zinger."
He added, "Separately for our shareholders, let me restate what I have said before, the changes that we are making will not include any reverse stock split, any change in name or trading symbol or change in domicile of Vapor Group. But they will represent a total shift in Vapor Group's operations and location, all of which will be evident on Vapor Group's forthcoming new website which we will have online quickly."
About Vapor Group, Inc.
Vapor Group, www.vaporgroup.com, is a publicly traded OTC company, trading under the symbol, VPOR, and today is a holding company for several subsidiaries.
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Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "likely", "should", "could", "would", "may" or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, economic, competitive, and equity market conditions.
Vapor Group, Inc.