FreeButton, Inc. Announces Plans to Acquire A1 Vapors, Inc.
17 April 2014 - 11:25PM
Marketwired
FreeButton, Inc. Announces Plans to Acquire A1 Vapors, Inc.
SAN DIEGO, CA--(Marketwired - Apr 17, 2014) - Carlsbad, CA-based
FreeButton, Inc. (OTCQB: FBTN) today announced that it has entered
into a non-binding letter-of-intent to acquire A1 Vapors, Inc., a
product development and marketing firm catering to the electronic
vapor cigarette industry.
Under the terms of the LOI, FreeButton will purchase all of the
assets of A1 Vapors. Consideration for the purchase will be
approximately 21,000,000 restricted shares of FreeButton common
stock.
James Lynch, CEO of FreeButton, said, "A1 Vapors is delivering
consumers a revolutionary alternative to conventional smoking,
which is safer, cleaner and less expensive. We think the company is
extremely well-positioned in this burgeoning marketplace and that
the A1 Team's marketing capabilities are a great fit for
FreeButton."
The terms of the agreement and consummation of the contemplated
transaction are subject to legal and confirmatory due diligence,
board approval and the execution of definitive agreements
satisfactory to both parties.
About FreeButton, Inc.
Based in Carlsbad, California, FreeButton is a
development-stage, marketing-focused business developing consumer
products and services.
About A1 Vapors, Inc.
Based in Miami, Florida, A1 Vapors is a product development and
marketing company catering to the electronic vapor cigarette and
accessories industry. A1 Vapors offers a variety of options to
choose from to appeal to all smokers including a diverse selection
of devices and flavors. The company currently owns and operates 4
retail locations, it's ecommerce global website, and distribution
licenses with accessory manufacturers.
A1 Vapors has entered in a Licensing and Distribution agreement
with E-Ceramic Vaporizer Devices on April 2014. This unique company
has developed a Vaporizing Device which assist Cancer and Arthritis
patients utilizing Vapor Devices for Cannabis Medication by
providing ease of use, no torches, Analog & Digital designs,
Safety, Ideal for older & disabled patients, and uses
medication more effectively. Their new E-Ceramic Vaporizer Device
will be launched June 2014 and A1 Vapors is excited to have the
Licensing & Distribution Cobranding for this product and
additional products already in product development.
Forward-Looking Statements
This news release contains forward-looking statements and
information that are based on the beliefs of management and reflect
the Company's current expectations. When used in this news release,
the words "estimate," "project," "belief," "anticipate," "intend,"
"expect," "plan," "predict," "may" or "should" and the negative of
these words or such variations thereon or comparable terminology,
are intended to identify forward-looking statements and
information. Such statements and information reflect the current
view of the Company with respect to risks and uncertainties that
may cause actual results to differ materially from those
contemplated in those forward-looking statements and
information.
By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the
failure FreeButton to close on the contemplated acquisition of A1
Vapors, the failure of the business strategy and competition. The
Company cautions that the foregoing list of risk factors is not
exhaustive and is subject to change and there can be no assurance
that such assumptions will reflect the actual outcome of such items
or factors. When relying on the Company's forward-looking
statements and information to make decisions, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events, including the risk factors set
out in the Company's 10K for the year ended December 31, 2013. See
the sections entitled "Risk Factors" in FreeButton's quarterly and
annual reports as filed by FreeButton from time to time with the
Securities and Exchange Commission. The Company has assumed that
the material factors referred to above will not cause such
forward-looking statements and information to differ materially
from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE
TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS
REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
For more information contact: James Lynch FreeButton, Inc.
760-487-7772
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