SIMI VALLEY, Calif., June 8, 2015 /PRNewswire/ — Vapor Hub International Inc. (OTC: VHUB) (www.vapor-hub.com) is pleased to announce that it has successfully raised bridge financing through the issuance of non-convertible debt. The company received net proceeds of $104,071 from BofI Federal Bank and net proceeds of $184,000 from Typenex Co-Investment, LLC, after the payment of commissions.
“The funds received from Typenex and BofI Federal Bank will help us meet our short term capital needs,” said Kyle Winther, VHUB CEO. “We plan to use a significant portion of the funds to expand our inventory which will help drive our revenue growth.”
For a further description of the terms of the financings, please see the Company’s Current Report on Form 8-K which it intends to file with the Securities and Exchange Commission on or about the date of this release.
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
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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.