CHARLOTTE, N.C., Jan. 29, 2015 /PRNewswire/ -- KURE Corp ("KURE") today announced that it has retained JLL www.jll.com, the largest third-party manager of retail real estate in the United States, to provide project management services and strategic consultation on site selection and development of KURE Vaporium & Lounge locations across the United States.
"Having JLL advise the KURE team is yet another validation of our firm's growth strategy and corporate vision, which is to become the leading brand and an industry trailblazer in the explosive growth of the e-cigarette and vaping market. We are already experiencing the benefits that JLL's global platform brings, as evidenced by the approval of construction on a KURE store in a $14 billion National REIT's AAA space," said Dave Peterson, CEO of KURE.
Currently, KURE has eight Vaporium & Lounge locations in the Carolinas and Florida that are areas under various stages of development and construction, all scheduled for completion by the summer of 2015.
"KURE stores fill the gap in the 'vape shop' market by offering a unique space for products that have a growing consumer base," said Charlie Owens, Vice President of JLL leading the site selection process. "KURE is a successful operator, and now is the right time for the firm to expand. We are thrilled to facilitate an expected 100 store roll-out throughout key U.S. cities."
"We believe KURE is executing on its business plan very well. They have a great group of people that's certainly not new to startups and building businesses. KURE's US retail expansion plans are definitely ambitious, but with the positive long-term outlook of this industry, we believe the demand is only going to continue to grow significantly. Partners like JLL will not only help KURE's positioning in the retail market place but add extreme value on how this expansion is carried out strategically and efficiently," comments Martin Sumichrast, Vice Chairman of Siskey Capital LLC and a Director of Kure.
The current value of the e-cigarette and vaping market in the United States is approximately $2.5 billion in annual sales with a growth estimate to nearly $17.6 billion by 2018 according to Wells Fargo Securities. Bloomberg projects that sales of these products to consumers will exceed those of traditional cigarettes by 2047.
About KURE Corp
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 KURE Society™ premium vaporizers and select line of high end flavored e-Juices. KURE products will be 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 all 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 made by its staff of "Kurators", well trained and experienced mixologists who can 'blend' over 90,000 unique flavors from the KURE On Tap bar. These KURE e-Juices are skillfully blended and served while customers shop, lounge and enjoy a wide selection of coffees, beverages, and snacks or simply vape and mingle with other like-minded enthusiasts.
About Siskey Capital LLC
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 to 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.
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 KURE Corp