Vapor Group Completed Merger, Changes Name to NewGen Concepts
Recently, Vapor Group, Inc. (OTC PINK: VPOR) reported that it has finished the merger declared August 24th. The partnership converging into Vapor Group is NewGen Concepts, Inc., a Florida company, owning U.S., French, Swiss and Pan-European patent rights to Simple Cork™, an independent stopper/bottle opener, usable by wineries around the world, www.simplecork.com.
NewGen Concepts likewise is obtaining extra patent rights to both related and disconnected items serving different markets. As an aftereffect of the Merger, Vapor Group might record a name change to “NewGen Concepts, Inc.” furthermore petition for an image change with FINRA. NewGen Concepts conveys to people in general organization an energizing, crisp standpoint, an altogether new plan of action, and includes new inventive building and promoting aptitudes that can scale the organization to an overall venture.
Under the terms of the Merger, NewGen Concepts will instantly investigate the turn off of each of Vapor Group’s auxiliaries as an autonomous, traded on an open market organization, wherein the main turn off would happen in mid 2017 by a share profit to existing shareholders of record on a given date of proprietorship. The principal such turn off will be Total Vapor, Inc., which is right now extending its item offering into vaporizers and related items appropriate to the developing business sector for lawful Cannabis items sold in the United States.