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BEVERLY HILLS, CA--(Marketwired - Mar 24, 2016) - VitaCig, Inc. (
I want to take the time to introduce myself now that I have been appointed as Chief Executive Officer of VitaCig, as well as to provide some details on my plans for moving the company forward. I am excited to utilize my 7+ years experience in the E-cig and Vaping industries to position VitaCig as a leader in those respective markets.
Shareholders should expect a high level of communication from management regarding company activities, product development updates, and business engagements. Through regular press releases, VitaCig intends on increasing transparency by having information flow from our management team to you. Look to our corporate website at vitacig.org, as I intend to communicate through monthly blogs with the latest industry developments and sciences, as well as updates on the company successes.
I am pleased that we just had a press release about our new, high-end, ultra-pure, CBD and VitaCig nicotine based products. Please know that we have many exciting new products and business initiatives that will be announced in the near future. We are confident that these new products will reflect positively on our financials, and we are certain that we will continue on the path to positive revenue growth.
One key to our company's success will be to establish a predictable and dependable distribution chain. I feel that sales are the heartbeat of a company, and increasing revenue is the key to our success. We have made it a top priority to continue to build our sales force, maximize sales in our existing channels, and identify new channels for product distribution. We will be working closely with our International Partners and industry experts to ensure that we are positioned to gain market share and continue to identify new products to expand our offerings. The goal is to function and operate as a fully independent, successful company apart from mCig Inc., our largest equity holder. I appreciate the foundation that former CEO Paul Rosenberg has laid, but now I will take full visionary and operational control in leading VitaCig to the Promised Land.
Having touched on our consumer product sales, I now want to talk about our Company as a whole. We will have a few announcements in the near future as we announce key new additions to our growing team. Strengthening the structure of an organization by adding dynamic members is essential to help with the stable, controlled growth of our company. The main initiatives will include adding industry personnel with an emphasis on sales, adding new sales channels domestically and internationally, increasing our liquid lines as well as CBD consumables and hardware products, revamp our marketing/branding, and continue to improve communication and value with our shareholders. I have no doubt we are on our way in becoming a dominant player in the ecig/vape and CBD nutraceutical industries.
I want to let shareholders and the investment market know that we will not be the typical OTC company that embarks on toxic financing agreements, and highly dilutive transactions to fund company operations. Building company and shareholder value will be accomplished through hard work, determination, and achieving our vision with a dedicated team. To further help attract investors and gain a higher degree of integrity in the eyes of the investment community, we will begin the process for trading over a higher exchange, such as the OTCQB.
Moving on into the vaping industry in general, of which I have been a part of since 2008, there are a lot of Federal guidelines and regulations that will be coming down the road. Due to the diverse product base we have (both nicotine and non-nicotine based) we feel that we are well positioned to not only survive any regulations that are implemented, but to thrive in the marketplace. We are very excited about the future and believe that we are well positioned to begin capturing a piece of a very big ($10B+) pie.
In closing, I appreciate the support of Paul Rosenberg, the Board of Directors, and most importantly the Shareholders. I'm very excited to be here and I am eager to see all of the positive things ahead come to fruition.
Chief Executive Officer
About VitaCig, Inc.
VitaCig, Inc. (
Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies.