KURE Corp. Completes $4.7 Million Second Round of Funding; Expansion Capital to Fuel Growth of Its Unique Vaporium Lounges
CHARLOTTE, N.C., June 1, 2015 /PRNewswire/ -- KURE Corp., one of the fastest growing companies in the vape and e-cigarette industry in the United States, announces the completion of $4.7 million in capital financing from institutional and accredited investors. T.R. Winston & Company of Los Angeles, California acted as the placement agent, and Siskey Capital LLC., a Charlotte, North Carolina based merchant bank, advised on the Transaction.
David Peterson, CEO of KURE Corp. comments, "In early January of this year, I said that we would strive to be more than just a 'vape shop'. I also said that our primary mission statement was to bring the passionate art of vaping to the everyday consumer while continuing to support and preserve the traditional grassroots of its origin. All these comments have held true, and our team continues to work even harder to provide a better and more rewarding experience to our customers as they walk into one of our stores".
"Dave Peterson and his team have demonstrated within a very short period of time how they are able to successfully execute on their business plan with clear vision and focus. This is becoming an increasingly competitive market riddled with uncertainty in regulation and consumer opinion. However, KURE has gone above and beyond those challenges by continuously innovating its products and customer experience. In our opinion, KURE has cleared one of the most difficult market obstacles by bridging adoption by all types of consumers", said Martin Sumichrast, Vice Chairman of Siskey Capital.
The capital raised will be used primarily to expand KURE's retail store expansion in the United States. Currently, KURE has successfully opened KURE Vaporium stores in the Charlotte, North Carolina area and in Boca Raton, Florida. Three additional Charlotte area stores are currently in the build-out stages and are scheduled to open within the next three months. The Boca Raton store, which opened early May of this year, has its grand opening party set for June 13th.
KURE has completely elevated the meaning of consumer experience in the vaping industry and effectively created a new category with its unique, up-scale Vaporium lounges. KURE Vaporium & Lounges feature "industrial-chic" decor, a welcoming and helpful staff of "Kurators" - all well-stocked with the most recognized brands in vaping products including KURE's own premium line of vapor hardware and e-Juices.
About KURE Corp (www.KUREsociety.com)
KURE Corp. ("KURE") is a private company based in Charlotte, North Carolina that specializes in the global distribution of vaporizing pens, e-Juices, and related accessories. KURE's primary products are its distinct line of custom blended high end flavored e-Juices, premium KURE brand vaporizers, as well as popular third party brands of advanced hardware and select eLiquids. All KURE products are available online and throughout its many store locations across the United States. KURE Vaporium™, KURE Society™, Kuriousity™, Kurators™ are all respective trademarks of KURE Corp.
KURE's executives and principals are seasoned business entrepreneurs with nearly 20 years of individual expertise in taking start-ups from initial incubation to profitability. KURE's support staff has extensive product distribution and related industry experience. Its e-Juices can be purchased pre-bottled or freshly mixed by its staff of "Kurators", well trained and experienced mixologists who can "blend" over 500,000 unique flavors from the KURE Juice On Tap™ bar. These KURE e-Juices are skillfully blended and served while customers shop, lounge and enjoy a selection of coffees, beverages, and snacks or simply vape and mingle with other like-minded enthusiasts.
KURE Corp. Communications:
Chuck Morrison
704.763.7979
About T.R. Winston & Company (www.trwinston.com)
T.R. Winston & Company is a merchant, corporate and investment banking firm. We commit to long-term relationship banking based on value creation, integrity and measurable performance. We work with operating companies, institutional investors, family offices, and ultra-high net worth individuals. We seek to partner with management teams who are pursuing sound business models with the potential for growth. In addition to our merchant, corporate and investment banking activities, we maintain prime services and institutional trading capabilities.
About Siskey Capital, LLC (www.siskeycapital.com)
Siskey Capital, LLC is a private merchant bank based in Charlotte, North Carolina and is the lead investor and financial partner to KURE Corp. The firm acts as financial partners in assisting emerging companies accomplish their near to long-term goals. Siskey Capital's participation in any opportunity is primarily partnership driven, using its own capital, while providing extensive financial, structural, and growth and risk management expertise. Its founders and principals have over three decades of successful merchant banking, venture capital, international business and entrepreneurial backgrounds.
Forward-Looking Statements
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 consumer adoption of our industry and our goal of bringing new innovative products to consumers, are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially. 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; KURE Corp.
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