Miami, A1 Group, Inc. (AWON) Files 10K Annual Report Statement

CARLSBAD, Calif., Mar. 31, 2015 /PRNewswire/ --On March 26th, 2015 A1 Group, Inc. (OTCQB: AWON) filed their 10K Annual Report that reflects significant increase in revenues from its 3^rd Quarter filing, with comments which reflect favorable terms and savings regarding previous Convertible Notes.

Overview of Comments 10K: On January 16^th A1 Group, Inc. (AWON) renegotiated $324,095.32 in notes at very favorable Terms and Savings to A1 Group, Inc. Through a Note Assignment Purchase Agreement and a Convertible Note. Under the Original Notes, the conversion rate was of 0.15 cents with 8% interest, and under the Newly Negotiated Note there is conversion rate of 0.22 Cents and all the interest is forgiven. This saving A1 Group, Inc. $31,910.66 in interest. Under the New Note it was agreed that upon the signing of the agreement A1 Group, Inc. would convert the note to 1,473,161 shares of A1 Group, Inc. (AWON) Upon deliverance of the Certificate, the Newly Negotiated Note is cancelled and A1 Group, Inc. shall have no further obligation under the Note.

A1 Group, Inc. has been looking at various properties to open a Signature Mixology Lounge in the Mid-Town, Wynn Wood area of Miami Florida and anticipate the opening of the New Retail and Warehouse location by the end of April 2015.

A1 Group, Inc. has also been in negotiation with Victor Ordonez Mauricio Andrade and Jose Gabriel Castro Vargas of Bogota, Colombia who currently purchase A1 Vapors products, to sign a Master Distribution and Marketing agreement to distribute A1 Vapors, Vapors products, E-Liquids and accessories under the name A1 Vapors Colombia, though out the Country. Mr. Andrade and Mr. Vargas currently have 8 distribution booths and are preparing to launch a Permanent Retail location in Bogota, Colombia.

Forward Looking Statement Disclaimer:

This press release contains forward-looking statements. Words such as "expects", "intends", "believes", and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission and the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. 

Investor Relations Contact:
Bruce Storrs
E-mail: [email protected]

SOURCE A1 Group, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED