|By PR Newswire||
|March 31, 2014 07:00 AM EDT||
NEW YORK, March 31, 2014 /PRNewswire/ -- AvWorks Aviation Corp. (OTCQB: SPLI) Vapor Group, Inc. (formerly named AvWorks Aviation Corp.) is a company that was created through a reverse merger announced on 1-22-14. AvWorks Aviation acquired Vapor Group, Inc. AvWorks Aviation had marginal revenue in 2013 and Vapor Group, Inc. had revenue of $1.9 million in 2013. The merged company is in the process of changing its name to Vapor Group, Inc. and applying for a new ticker symbol on the OTC Market. SPLI will issue 7,500,000 shares of its newly created Series B Preferred stock (convertible to common shares at 100:1 and restricted for 18 months) for 100% of the issued shares of Vapor Group, Inc.
Vapor Group, Inc., is in the business of designing, developing, manufacturing and marketing , E-Cigarette brands offering a range of products with unique e-liquid flavors. All of its E-Cigarettes consist of a long-life battery, a heating element, a cartridge filled with an "e-liquid" and an atomizer which when heated, vaporizes the e-liquid.
The past few months have been tumultuous for the newly formed entity as the terms of the merger and share structure have undergone changes. Fortunately, there is no indication of any interruption of operations. Vapor Group, Inc. has to contemplate its future. Should it pursue a course of organic growth, building its brand or work toward an exit strategy to a larger company? Can it do both at the same time?
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