Global E-Cigarette Market Trends Points to Significant Growth in Coming Years - Company Enters JV Partnership to Bring E-Cig Products to Native American Gaming Industry Casinos
CORAL SPRINGS, Florida, March 17, 2015 /PRNewswire/ --
Growth prospects of the E-cigarette market in the U.S. is forecasted to continue to grow in the next few years as many now consider vapor products a replacement to mimic traditional cigarettes. Companies in focus today are Breathe eCig Corp. (OTC: BVAP), Electronic Cigarettes International Group (OTC: ECIG), Vapor Corp. (NASDAQ: VPCO), mCig(R) Inc. (OTC: MCIG), Philip Morris International (NYSE: PM) and The Altria Group (NYSE: MO).
Breathe eCig Corp. (OTCQB: BVAP), the electronic cigarette industry innovator and pioneer, announced today an exclusive partnership with Native American Marketing Enterprises. The joint venture will distribute and sell socially and environmentally conscious Breathe e-cigarettes to the Native American gaming industry casinos beginning in the second quarter of 2015. "Our partnership with Native American Marketing Enterprises will better help us promote our unique vision of a friendly, socially responsible smoking alternative," said Josh Kimmel, founder and CEO of Breathe eCig Corp. "Smoking in casinos has been a point of controversy as of late and our expansion is both socially responsible and ecologically favorable, while still appealing to the millions of Americans who visit casinos every year."
Read the full BVAP Press Release at http://www.financialnewsmedia.com/profiles/bvap.html
The partnership between Breathe eCig Corp. and Native American Marketing Enterprises is a milestone for the economic development of both the Native American tribes and growing electronic cigarette industry. With a nearly $2 billion per year market share, the e-cigarette trade is rapidly growing, with prospects of becoming a more than $10 billion a year industry within the next few years. With this exploding market popularity, Breathe will assist the Native American gaming industry in exceeding $30 billion through the release of all-new e-cigarette varieties that will be enjoyed inside the Native American casinos. Unlike other partnerships, the venture between Native American Marketing Enterprise and Breathe eCig Corp. will also focus on a green approach to casino leisure with innovative products and unique, comprehensive recycling programs.
In other BVAP news: Tauriga Sciences, Inc. (OTCQB: TAUG) ("Tauriga"), a diversified life sciences company with interests in the natural wellness sector and in developing a proprietary synthetic biology platform technology, and Breathe eCig Corp. (BVAP) ("Breathe"), a socially responsible e-cigarette company, announced yesterday that the two companies have entered into a license agreement to co-develop and co-commercialize a new cannabidiol (CBD) e-cigarette. This new product will utilize Breathe's patent pending, proprietary device that dispenses a measured and consistent amount of active ingredient per puff and that also features an optional childproofing device.
In additional E-Cig/Vapor Devices News & Happenings: Electronic Cigarettes International Group (OTCQB: ECIG) is dedicated to providing a compelling alternative to traditional cigarettes for the more than 1 billion current smokers around the world. ECIG is a fast growing independent electronic cigarette company, and owns the trademarks VAPESTICK®, FIN®, Victory®, VIP®, and others. The Company's recent proposal to give the Company's Board of Directors the authority to effect a reverse split of the outstanding common stock at a ratio ranging from 1-for-5 to 1-for-20 was approved with 84.1% of the votes cast, representing approximately 66.5% of the shares outstanding, by a vote of 163,760,975 shares (for) to 30,556,095 shares or 15.7% of the votes cast (against), with 442,000 shares or 0.2% of the votes cast abstaining.
Vapor Corp. (NASDAQ: VPCO), a leading U.S. based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced late last week that it has expanded its retail footprint by opening three additional locations of "The Vape Store" chain in Orlando, Fla., and acquired an existing store in Port Charlotte, Fla., that has been converted to a "The Vape Store." VPCO closed up over 5% at $1.17 on Monday.
mCig(R) Inc. (OTCQB: MCIG), a leading provider of technologies and solutions for the legal medical and recreational marijuana industry, announced last month a record initial CBD product order worth more than $1.2 million. mCig, Inc. also announces that it is finalizing a nationwide wholesale agreement with two large national distributors to supply these high-demand CBD products to more than 1,000 retail store locations.
Further developments of note: Electronic cigarette firms in Italy say a new levy that doubles the price of e-liquid refills unfairly helps tobacco giants like Philip Morris International (NYSE: PM) and will hurt their industry. The tax, which was adopted in January, is set at half the rate of that on traditional cigarettes. The controversy centers on the fact that the lower rate is applied to both electronic cigarettes and to tobacco products such as Marlboro HeatSticks, which Philip Morris is launching in Italy alongside a 500 million euro ($568 million) factory investment.
The market for smokable tobacco in the U.S. has been shrinking, as The Altria Group (NYSE: MO) has forecast that the number of smokers in the U.S. will decline at a rate of 2-3% per year. The short-term solution to maintaining revenues in the face of the declining market size has been price hikes. In the long term, tobacco companies are banking on e-cigarettes to provide a boost. However, recent proposed regulations, as well as reports on the health impacts of of e-cigarettes and their use by teenagers, could foil those plans. Read the full article at http://www.forbes.com/sites/greatspeculations/2015/03/12/how-will-e-cigarette-regulation-impact-the-tobacco-industry/
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter:http://twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand four hundred dollars for news coverage of the current press release issued by Breathe eCig Corp.by a non-affiliated third party. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email: [email protected]
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com
SOURCE FN Media Group, LLC
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article