|Bid||0.00000 x 0|
|Ask||0.00000 x 0|
|Day's Range||0.33130 - 0.43980|
|52 Week Range||0.02100 - 1.26000|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
First Intercontinental Technology, Inc., formerly Rich Cigars, Inc. (OTC Pink: RCGR), (the "Company" or "RCGR"), announced today that effective January 31, 2018, it had completed a purchase of the intellectual property assets of Simple Cork, Inc., a Florida corporation, and wholly-owned subsidiary of Vapor Group, Inc. (OTC Pink: VPOR) (the "Asset Purchase"). As a result, the Company assumes the development of 'Simple Cork™' a new, multi-nationally patented combination wine bottle cork/opener http://www.simplecork.com which represents a faster and easier way to get a cork out of a bottle of wine without the use of a corkscrew. Prior to the closing of the Asset Purchase, which includes the French patent awarded in 2017 and patents pending in eight other countries including the United States, the Company on November 29, 2017 had obtained a copy of an independent CPA appraisal using the 'relief-from-royalty method' of the estimated 'fair value' of the intellectual property ("IP") once in market.
Vapor Group, Inc. (OTC Pink: VPOR), ("Company" or "Vapor Group"), announced today that on January 31st it had closed the asset sale for the intellectual property of its subsidiary, Simple Cork, Inc., the developer of a new, multi-nationally patented combination wine bottle cork/opener (www.simplecork.com), a faster and easier way to get the cork out of a bottle of wine without the use of a corkscrew. The purchaser of the assets is the fully-reporting SEC company, "First Intercontinental Technology, Inc.", formerly Rich Cigars, Inc., (the "Purchaser") (OTC Pink: RCGR).
Intercontinental Technology, Inc., formerly Rich Cigars, Inc. (OTC Pink: RCGR), (the "Company" or "RCGR"), announced today that effective December 26, 2017, it had filed a corporate reorganization under the name "First Intercontinental Technology, Inc.", including a re-domicile from Colorado to Delaware and the formation of the Delaware holding company. Under the reorganization, the Company reduced its total quantity of authorized shares of common stock to one hundred million (100,000,000) shares and shifted existing convertible debt into a newly formed Delaware subsidiary, thereby limiting shareholder dilution.
Rich Cigars, Inc. (OTC Pink: RCGR), ("Company" or "Rich Cigars"), announced today that it has filed to change its name to 'Intercontinental Technology, Inc.' in order to reflect a change in the Company's direction and overall strategy. Richard Davis, current President, stated, "The Company underwent a change of control as documented in its filing with the SEC per an 'Information Statement' filed December 12th. As a result of this change, the Company has become a holding company with subsidiaries in fields unrelated to our traditional business, which is being phased out." He added, "New management of the Company is presently being appointed and will oversee a new strategic direction which is twofold: the acquisition, development and marketing of proprietary patented products that are readily marketable internationally, and at the same time, its entry into the business of cryptocurrency mining by our ownership and operation of multiple cryptocurrency mining machines.