NEW YORK, May 26, 2015 /PRNewswire/ -- Breathe eCig Corp. (OTCQB: BVAP) ("Breathe" or "the Company"), the electronic cigarette industry innovator and pioneer focused on the elimination of second hand smoke, has today announced its first substantial purchase order for its second generation line of product(s). This purchase order for $300,000 USD from Pragati Wholesale "Pragati", a distribution affiliate of the Ampa Group "Ampa", dated May 20, 2015, will establish the Company's brand as a major player in the Eastern Tennessee marketplace. The Company anticipates that the majority of this $300,000 USD will be realized as revenue during Calendar Year 2015.
The Company can also confirm that it will start booking this revenue from the $300,000 USD purchase order during this current Quarter (ending June 30, 2015), as the first shipment of its second generation product is scheduled to arrive on or before the first week of June 2015. On May 22, 2015 the Company announced that 100,000 units of its second generation product(s) were being shipped by its Hong Kong based manufacturer: The KMG Group ("KMG").
Josh Kimmel, CEO of Breathe eCig Corp., commented, "This purchase order is a major milestone for the Company as it validates our strong belief that our top quality and socially responsible product(s) are capable of penetrating this large market opportunity. The Company is also preparing for its product launch in the New York City Metropolitan area marketplace and looks forward to updating shareholders about this exciting corporate achievement."
Henry Sadiq, President of Ampa Group, stated, "The innovation behind the e-cigarette kit currently developed by Breathe is truly remarkable and moves the bar forward for the industry at large. After considerable review of many competitors' products, we strongly believe Breathe's product line to be best -in-class and has the ability to compete with the top echelon of the segment's current offerings. We look forward to expeditiously penetrating strategic retail outlets within our market's footprint and beyond."
This above-mentioned purchase order for $300,000 USD is separate from AMPA's initial purchase order, which was for the approximate 1,500 remaining units of Breathe's first generation product. This was previously announced via press release on April 29, 2015.
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 ground-breaking 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.
Mr. Joshua Kimmel
Chief Executive Officer
Tel: +1(800) 905-4014
Local: +1(865) 281-1330
SOURCE Breathe eCig Corp.