CHARLOTTE, N.C., Jan. 14, 2015 /PRNewswire/ -- KŪRE Corp (hereinafter referred to as "KŪRE"), a leading global vapor brand, announced today that it has successfully completed $4.25 million in expansion capital financing from institutional and accredited investors. The financing was led by Siskey Capital LLC., a Charlotte, North Carolina based merchant bank. The capital will be used primarily to expand KŪRE's brand and retail store expansion in the United States.
David Peterson, CEO of KŪRE Corp comments, "KŪRE endeavors to provide our customers with an exceptionally unique lifestyle experience while using our products, along with unmatched and consistent service quality to establish KŪRE as the prestige cornerstone brand within this rapidly emerging market. We strive to be more than just a "vape shop." We bring the passionate art of vaping to the everyday consumer while continuing to support and preserve the traditional grass roots of its origin."
"Much like the digital camera changed the way we take pictures, we believe the vaporizer will change the tobacco market. Siskey Capital is excited about the KŪRE brand and to be joining forces with Dave Peterson and his management team," said Martin Sumichrast, Vice Chairman of Siskey Capital.
KŪRE's executives and principals are all seasoned business entrepreneurs with nearly 20 years of individual expertise in taking start-ups from initial incubation to profitability. KŪRE's support staff has extensive product distribution and industry experience. This financing will enable KŪRE to carry out its business plan to open approximately 8 'KŪRE Vaporium & Lounge' locations across the United States in 2015. Each KŪRE location will be unique in a sense that it will offer customers a place to shop, lounge and vape while experiencing an open and friendly atmosphere surrounded the by the latest in modern decor and stocked with the most recognized brands in vaping products including KŪRE's own premium line of vaporizing pens and e-Juices. KŪRE's e-Juices can be purchased pre-bottled or freshly made by its staff of 'Kūrators," well trained and experienced mixologists who can 'blend' over 90,000 unique flavors from the KŪRE Juice On Tap bar. These KŪRE e-Juices are blended and served while customers shop, lounge while also enjoying coffees, beverages, and snacks or simply vaping and mingling with other like-minded enthusiasts.
About KŪRE Corp
KŪRE Corp ("KŪRE") is a private company based in Charlotte North Carolina that specializes in the global distribution of vaporizing pens, e-Juices, and related accessories. KŪRE's primary products are its KŪRE Society™ premium vaporizers and select line of high end flavored e-Juices. KŪRE products are found on www.KŪREsociety.com and will be available throughout its many store locations across the United States. KŪRE Vaporium™, KŪRE Society™, Kuriousity ™, Kurators ™ are all respective trademarks of KŪRE Corp.
This press release contains forward-looking statements. Any statements contained herein which do not describe historical facts, including but not limited to, statements regarding: (i) our business; (ii) expectations about our business and future of its market; (iii) expectations regarding future intentions we plan on undertaking as part of our business plan; (vi) beliefs about the growth and consumer adoption of our industry; and our goal of bringing new and innovative products that provide clear benefits to consumers, are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements. We disclaim any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
SOURCE Siskey Capital LLC