Breathe eCig Corp. Signs Manufacturing Agreement With Hong Kong Based The KMG Group; Initial Order From Company Exceeds $300,000 USD
NEW YORK, Apr. 2, 2015 /PRNewswire/ -- Breathe eCig Corp. (OTCQB: BVAP) ("Breathe" or "the Company"), the electronic cigarette industry innovator and pioneer, today announced the signing of a comprehensive manufacturing agreement with Hong Kong based The KMG Group ("KMG"). KMG was founded in Asia as an Original Equipment Manufacturer ("OEM") more than 53 years ago. In addition, KMG owns and operates two factories in China as well as satellite offices in Montreal, London, Geneva, Mumbai and Hong Kong. In total, The KMG Group employs more than 1400 workers.
In 2014, KMG's manufacturing service unit reported EBITDA of approximately $147 million USD, a 5.5% improvement, on a year to year comparative basis. KMG continues to form strategic alliances around the world and is pleased to announce that Knoxville, Tennessee (United States) based Breathe eCig Corp. has established an exclusive manufacturing partnership agreement in China with KMG. As of the date of the release of this announcement, KMG is already in production of over 100,000 units for Breathe eCig Corp.
Managing Director Neal Malani has signed an agreement and manufacturing contract with Breathe eCig Corp.'s CEO and Founder Josh Kimmel to launch the first of a full line up of Breathe's exciting new e-Cigarette products, all aimed at promoting health, saving lives and providing the general public with a socially conscience product made with excellence in mind before profit.
KMG has been fortunate enough to complete OEM manufacturing for Sony PlayStation, Nintendo, Logitec, Microsoft, Disney and Hasbro. KMG's entry into the e-cigarette business commenced in early 2011 and since then has positioned itself to redefine the market for e-cigarettes so that only the best is good enough. As public awareness and product knowledge increases, consumers will look to brands such as Breathe whose management will not put their name on anything but the very best.
"Breathe is thrilled to have partnered with a world class OEM manufacturer that has the resources, expertise and experience to produce our innovative products on a truly commercial scale," said Kimmel. "Perhaps the biggest challenge facing Breathe and its shareholders was management's ability to partner with a world class manufacturer capable of reliably and efficiently producing our proprietary devices. With this agreement in place with KMG, management can now focus on the consummation of distribution agreements and marketing campaigns."
The team at The KMG Group is proud to be involved with Kimmel and Breathe eCig Corp. and to take this opportunity to pledge our best efforts and full resources to our esteemed new strategic partner.
To find out more about Breathe eCig Corp., visit www.breathecig.com.
About Breathe eCig Corp.
Breathe was founded in 2012 as a research and development company in Knoxville, Tennessee with the mission to develop a better e-cigarette than was available on the market. Now holding multiple patents (pending) for its groundbreaking product, BVAP, Breathe is not your typical e-cig manufacturer. With a commitment to remaining socially responsible through innovative product development, consumer outreach and education, Breathe challenges the e-cig industry establishment. To find out more, visit www.breathecig.com.
DISCLAIMER <<Caution Concerning Forward Looking Statements>>
This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward-Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely too heavily on these forward-looking statements.
Information for the Educated Investor
For further information regarding these and other risks related to Breathe eCigs' business, investors should consult Breathe eCigs' filings with the Securities and Exchange Commission, available at www.sec.gov, and contact Company counsel at [email protected].
Contact:
Mr. Joshua Kimmel
Chief Executive Officer
Tel: +1(800) 905-4014
Local: +1(865) 281-1330
[email protected]
MEDIA CONTACT:
Heather Ripley
Ripley PR
+1-865-977-1973
[email protected]
SOURCE Breathe eCig Corp.
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