SIMI VALLEY, Calif., May 11, 2015 /PRNewswire/ — Vapor Hub International Inc. (OTC: VHUB) (www.vapor-hub.com) is pleased to announce that its first monthly installment of approximately $35,000, plus interest and other costs, owed to the Typenex Co-Investment, LLC, was paid in cash. No shares were issued to pay the installment.
“We are pleased that we were able to make the first installment payment in cash,” said Kyle Winther, VHUB CEO. “We are aware that issuance of shares is potentially dilutive to our shareholders. We intend to pay future installments also in cash.”
About the Company
Vapor Hub International Inc. is a California-based company engaged in the development, production and sales of electronic cigarette products, including high quality e-liquids, custom mechanical mod e-cigarettes, and unique personal modifications. For more information regarding the Company, visit www.vapor-hub.com.
This press release contains “forward-looking statements,” as defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the statements contained in this press release are reasonable, there can be no assurance that such statements will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.