NewGen Concepts, Inc. (OTC Pink: VPOR), formerly known as Vapor Group, Inc., is engaged in vaporizer manufacturing, cannabis grinders, and various other cannabis-based accessories. Shares of the cannabis accessory business jumped 34.62%, through early trading on Thursday, February 23, 2017. Over the past three months, NewGen Concepts, Inc. has seen average daily volume of 47.9 million shares. However, volume of 62.64 million shares or dollar volume of $244,296, has already exchanged hands through early trading Thursday.
Shares of NewGen Concepts, Inc. are surging Thursday, after the company announced that its first production run of its Easy Grinder product, has completely sold out. The initial run of 20,000 units has sold out and has produced over $1 million in gross revenue. The company expected the Easy Grinder to continue being a major driver of growth through 2017. Here is the full press release detailing of the production run sell-out:
NewGen Concepts, Inc. Press Release:
MIAMI–(BUSINESS WIRE)–NewGen Concepts, Inc., formerly Vapor Group, Inc. (OTC Pink: VPOR), (“Company”), reports that its initial production run of Easy Grinder™ scheduled to produce 20,000 units which will produce over $1,000,000 in gross revenue is sold out due to exceedingly strong retail and reseller pre-orders and reservations. Online demand is increasing daily and wholesale distribution requests are now arriving from resellers in Europe. The Company believes that such international demand for Easy Grinder™ is just beginning and will become a significant driver of 2017 revenues and profits.
Total Vapor Inc., the Company’s subsidiary and the worldwide distributor of Easy Grinder™, will begin customer deliveries by the end of March.
Total Vapor continues its focus on its online retail strategy while accepting wholesale pre-orders and reservations. It is promoting Easy Grinder™ worldwide through online marketers reaching over 100 million potential customers via social media.
For more information or to place pre-orders, visit www.easygrinder.com, or email firstname.lastname@example.org, or call 844-420-EASY (3279). To view our new video demonstration of Easy Grinder go to: https://www.youtube.com/watch?v=fveTEGXfG8I or www.easygrinder.com.
About NewGen Concepts, Inc.
NewGen Concepts, Inc., www.newgenconcepts.com, acquires and develops commercially viable intellectual property. Formerly Vapor Group, www.vaporgroup.com, it focused on the manufacture and marketing of vaporizers, e-cigarettes and e-liquids. Through its subsidiary, Smart Wheels, Inc., it markets “Whizboard” scooters.
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.