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FreeButton, Inc. Announces Plans to Acquire A1 Vapors, Inc.
|By Marketwired .
|April 17, 2014 09:26 AM EDT
SAN DIEGO, CA -- (Marketwired) -- 04/17/14 -- 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.
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.
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