SIMI VALLEY, Calif., June 22, 2015 /PRNewswire/ — Vapor Hub International Inc. (OTC: VHUB) (www.vapor-hub.com) said today that an industry report by Wells Fargo Securities Senior Analyst Bonnie Herzog unveiled at the recent Vapor Expo International conference indicated that “the future potential of vapor is vast” and that “vapor consumption could surpass combustible cigarettes in 10 years.”
“Our Company is on the cutting edge in producing products that the vapor sector demands,” said Kyle Winther, Vapor Hub CEO. “This report strengthens our feeling that we are in the right industry, at the correct time and with a great product mix.”
The Wells Fargo report indicated that vapor industry profit margins could approach combustible cigarette margins of approximately 39 percent by 2018. “Vapor is revolutionizing the Tobacco Industry, in our view,” the analyst said. According to the report, vapor retail sales in the U.S. are expected to hit $3.5 billion in 2015 and could eclipse $10 billion by 2018. The report also projected that the global market for vapor products is expected to top $7 billion this year. Ms. Herzog stressed that vaping is substantially more affordable than combustible cigarettes and rechargeable e-cigarettes and that the vaping “lifestyle” is “attractive.”
About Vapor Hub International Inc.
Vapor Hub International Inc. is a California-based company engaged in the development, production and sales of electronic cigarette products, including high quality e-liquids, custom mechanical mod e-cigarettes, and unique personal modifications. For more information regarding the Company, visit http://www.vapor-hub.com.
This press release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the statements contained in this press release are reasonable, there can be no assurance that such statements will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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SOURCE Vapor Hub International Inc.