MIAMI, December 19, 2017 /PRNewswire/ --
Vapor Group, Inc. (OTC Pink: VPOR), ("Company" or "Vapor Group"), announced today that it has formed a new wholly-owned subsidiary, CryptoTechCurrency, Inc. (http://www.cryptotechcurrency.com) to mine various cryptocurrencies and has already purchased 25 dedicated mining machines to begin operations the first week of January 2018.
Yaniv Nahon, President, stated, "This is very exciting for us to be able to form a subsidiary that will mine various cryptocurrencies. Importantly, the subsidiary will start by mining Litecoin on a 24/7 basis in January with 25 "high hash rate" ASIC L3+ AntMiner servers, to which we will add Bitmain ASIC L3+ AntMiner S9's to mine Bitcoin, and later additional specialized machines to mine other digital cryptocurrencies. Our intent is to develop over time our own cryptomining 'farm', or indeed, 'farms', with hundreds or thousands of machines that will participate in one or more 'mining pools', while we optimize the various mining efficiency factors. The revenue and profit created by this subsidiary will help form a consistent monthly revenue base that will add significantly to our 2018 results."
He added, "Figuratively 2018 will represent our reinvention of our Company, given the pending asset sale announced (for which our shareholders will receive registered shares of a SEC reporting company), the reduction of our debt connected with it, and the growth of our other businesses."
About Cryptocurrency Mining
Driven by the explosive worldwide growth of digital cryptocurrencies that know no geopolitical boundaries, which cryptocurrencies today have a total market capitalization of over $500 billion (https://coinmarketcap.com/coins/ ), opportunities for revenue and profit abound in the specialized field of cryptocurrency mining. "Cryptomining" is the fundamental methodology of earning and/or creating digital currencies such as Bitcoin, Litecoin and others, through the use of dedicated, specialized mining machines that perform complex mathematical functions to mine a cryptocurrency and also process cryptocurrency transactions. These machines operate 24-hours per day, 7-days per week within mining-dedicated, temperature-controlled server centers that provide complete end-to-end technical and other support for "peace of mind" and uninterrupted operation.
About Vapor Group, Inc.
Vapor Group, http://www.vaporgroup.com, historically has been focused on the acquisition and development of commercially viable intellectual property and proprietary products. Vapor Group, is a publicly traded OTC company, trading under the symbol, VPOR.
The Company's subsidiary, Total Vapor, Inc. is the worldwide distributor of the revolutionary, hand-held automatic Easy Grinder™. For more information or to place an order, visit http://www.easygrinder.com , visit Amazon.com at http://a.co/5HOPUkE, email firstname.lastname@example.org or call us at 844-420-EASY (3279). Easy Grinder™ is shippable to Canada.
Vapor Group also owns Simple Cork, Inc., http://www.simplecork.com, the developer of a new, multi-nationally patented combination wine bottle cork/opener being prepared for market entry in 2018, and Royal CBD, Inc., a marketer of hemp-based CBD oil products. CryptoTechCurrency, Inc. is a new addition to the Vapor Group family of businesses.
If you have specific questions about the Company, please email us at email@example.com.
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "likely", "should", "could", "would", "may" or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, economic, competitive, and equity market conditions.
Vapor Group, Inc.
SOURCE Vapor Group, Inc.