DENVER, March 24, 2014 /PRNewswire/ -- Vape
Holdings, Inc. (OTCQB: VAPE) (the "Company"), a holding company
functioning within the legal cannabis concentrate industry, is
pleased to announce that shares sufficient to constitute a quorum
under the Company's Bylaws were present either in person or by
proxy at the Special Meeting of Shareholders held on March 24, 2014 in Denver, Colorado. As a result, the
Company transacted business.
The preliminary voting results indicate 4,864,254 shares of the
common stock of the Company voted in favor of the proposal.
Thus, 74.2% of the outstanding shares supported the sole proposed
item, which was the acquisition of the assets of HIVE Ceramics,
LLC, including the HIVE Ceramics vaporization products and related
intellectual property.
"Vape is deeply appreciative of the overwhelming support and
confidence in our vision for this company," stated Kyle Tracey, CEO, Vape Holdings, Inc. " With
this hurdle now cleared, the Company seeks to make further
and immediate progress in our continuing effort to grow our
business and execute our business plan."
A full 8-K filing confirming the official results of the meeting
will be released within the allowable time period.
For more information on Vape Holdings, please visit:
www.VapeHoldings.com
From time to time, Vape Holdings will provide market updates and
news via its website http://www.vapeholdings.com/ or the Company's
Facebook page at http://on.fb.me/1d5c7iO
Cautionary Language Concerning Forward-Looking
Statements
This release contains "forward-looking statements" that include
information relating to future events and future financial and
operating performance. The words "may," "would," "will,"
"expect," "estimate," "can," "believe," "potential" and similar
expressions and variations thereof are intended to identify
forward-looking statements. Forward-looking statements should not
be read as a guarantee of future performance or results, and will
not necessarily be accurate indications of the times at, or by,
which that performance or those results will be achieved.
Forward-looking statements are based on information available
at the time they are made and/or management's good faith belief as
of that time with respect to future events, and are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in or suggested
by the forward-looking statements. Important factors that could
cause these differences include, but are not limited to:
fluctuations in demand for Vape Holdings' products, the
introduction of new products, the Company's ability to maintain
customer and strategic business relationships, the impact of
competitive products and pricing, growth in targeted markets, the
adequacy of the Company's liquidity and financial strength to
support its growth, and other information that may be detailed from
time-to-time in Vape Holdings' filings with the United States
Securities and Exchange Commission. Examples of such
forward-looking statements in this release include statements
regarding future sales, costs and market acceptance of products as
well as regulatory actions at the State or Federal level. For
a more detailed description of the risk factors and uncertainties
affecting Vape Holdings please refer to the Company's Securities
and Exchange Commission filings, which are available at
www.sec.gov. Vape Holdings undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
SOURCE Vape Holdings, Inc.