|By PR Newswire||
|March 25, 2014 01:23 PM EDT||
WASHINGTON, March 25, 2014 /PRNewswire/ -- (NU) - The cigarette business is changing. While still profitable, the billion-dollar industry has, for the first time in its history, some interesting competition for its marketshare.
Companies like Icon are turning traditional tobacco smokers into vapor cigarette smokers and, according to financial analysts, could be the next investing wunderkind.
"There's a huge potential opportunity to convert the world away from hazardous, unsafe, cancer-causing cigarettes to a better, cleaner, healthier alternative," says Daniel Balsiger, president of Icon Vapor. "And the time is now."
The market for vapor cigarettes -- battery-powered inhalers that turn heated, nicotine-laced liquid into vapor -- is currently small, but growing quickly.
In a blog last year for the Motley Fool Network, Ilana Greene, a writer and member of the financial website, wrote that, "Vapor cigarettes are a healthy investment for casual and everyday traders because it [the vapor cigarette industry] is already a $300 million market ... and has the growth potential to become a $1 billion market share within three years."
In addition, financial reports from the Wall Street Journal reported that the vapor cigarette industry made $500 million in 2012, while Wells Fargo Securities noted that sales would top $1 billion last year. (As of this printing, actual sales figures were not available.) Although the market for vapor cigarettes is still relatively small when compared to overall cigarette sales, usage of the smoking alternative is growing at exceptional rates. Therefore, investors are expecting a boom in the fledgling sect of the cigarette industry.
Balsiger agreed that investors would do well to get in on the ground floor, citing growth of 300 percent in the vapor market, with sales reaching $10 billion in the next five years.
"Our goal at Icon Vapor is to help you tap into the $800 billion dollar opportunity that is currently owned by big tobacco," he says. "The time is right, and the vapor market is exploding."
It would follow that if you choose to invest in the vapor cigarette boom, you'd be making a wise choice. Should you choose Icon Vapor, you'd be making an even wiser one.
For more information, visit www.iconvapor.com.
SOURCE Icon Vapor, Inc.
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