LOS ANGELES, July 1, 2015 /PRNewswire/ -- The vaping industry is red hot, with retail sales projected to grow to $3.5 billion in 2015, more than doubling 2013 levels, according to a Wells Fargo Security analyst. NEwhere.com, a premium vapor products company that started in Los Angeles and has since expanded quickly to all 50 states as well as five Canadian provinces and South America, recently lined up seed funding from an equity investor to consolidate its unique position in the growing vaping sector.
Vaping products like electronic cigarettes and cigars allow users to inhale water vapor (with or without nicotine) instead of smoke from burning tobacco leaves. The devices typically contain a battery that heats an e-liquid manufactured especially for that purpose, which is atomized into a vapor for inhaling. Unlike traditional cigarettes, vaping devices don't create an unpleasant odor or discharge harmful second-hand smoke. Some research suggests that vaping can allow smokers who want to quit an effective way to decrease their regular tobacco consumption.
Rob Gough, a successful entrepreneur and investor who infuses capital into promising enterprises with large growth potential, is investing $500,000 in NEwhere.com and plans to lead a much larger round later this summer. A cancer survivor, Gough believes that vaping offers clear benefits and is a safer alternative to traditional tobacco products and is also a tool to help smokers quit the habit. Gough's cash infusion will be primarily directed for growth, research and development, underwriting new product innovation.
NEwhere.com was founded just two years ago by CEO Ali Esmaili, who, along with partner Jameson Rodgers recognized the vaping industry's potential early. Under Esmaili and Rodger's leadership, the company has doubled its sales every year since inception and is on pace to do more than $10 million in 2015 with a product line that includes electronic cigarettes and cigars, zero nicotine e-hookah pens, e-liquids in multiple flavors and vape starter kits.
The company sells products online as well as through convenience stores and larger retailers, including 7-11, Circle K, Chevron, BP, 76, Shell, Valero and Spencer's. NEwhere.com has staff in all major markets to cultivate and manage relationships with partners, which is one of the keys to the company's rapid growth.
Quality is a top priority for NEwhere.com, which sells e-liquids that are manufactured in an FDA-registered facility that is cGMP-certified to produce medical-grade products. Consistently delivering a positive customer experience also takes precedence – the company ships products free anywhere in the US and offers a no-hassle, 30-day money-back guarantee.
"The vaping industry is booming, but we stand out because our approach is different, and we have a unique target customer," observes Rodgers. "While many vaping product companies are owned by Big Tobacco or focused solely on tobacco-centric products, NEwhere.com understands what's trending with younger adults. We know their sense of style and get their desire for something new that's not just an electronic version of an analog product."
NEwhere.com is currently developing a new line of vaping products that will be released in the coming months. To learn more about the company, please visit www.NEwhere.com.
NEwhere.com is a leader in the vaping products sector with a full line of stylish e-cigarettes, e-cigars, no-nicotine e-hookah pens, vape starter kits and quality e-liquids available online or at trusted retail chains throughout the US as well as in Canada and South America. Offering couture vaping devices as well as disposable models and e-liquids made in an FDA-registered, cGMP-certified facility to ensure quality, NEwhere.com offers today's generation of vapers the best products and service on the market, delivering products for free in the USA and backing sales with a hassle-free, money-back guarantee. Find out more at www.NEwhere.com.