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Business

Newgen Concepts Inc (OTCMKTS:VPOR) Enters Cryptocurrency Market

Newgen Concepts Inc (OTCMKTS:VPOR) reported that the company has established a new 100% owned subsidiary named CryptoTechCurrency, Inc. to mine different cryptocurrencies. It has already bought 25 dedicated mining machines to start operations in the next month.

The details

Yaniv Nahon, the President of Newgen, reported that this is extremely thrilling for them to be able to establish a subsidiary unit that will mine different cryptocurrencies. Most importantly, the subsidiary will commence by mining Litecoin in January and that too on a 24/7 basis. The company’s intent is to advance over time its own cryptomining ‘farm’, or certainly, ‘farms’, with several advanced machines that will take part in one or more mining pools, while they enhance the different mining efficiency factors. The profit and revenue generated by this subsidiary will help establish a consistent monthly revenue source that will add considerably to company’s 2018 results.

Nahon added that figuratively 2018 will showcase their reinvention of Newgen Concepts, provided the pending asset sale reported, for which company shareholders will get registered shares of a reporting firm, the reduction of their debt linked with it, and the progress of their other businesses.

Led by the explosive growth of digital cryptocurrencies worldwide that identify no geopolitical limits, which cryptocurrencies currently have a total market capitalization of more than $500 billion, opportunities for profit and revenue abound in the specialized sector of cryptocurrency mining. It should be noted that Cryptomining marks as the fundamental procedure of earning and/or establishing digital currencies such as Litecoin, Bitcoin and others, via the application of dedicated, specialized mining machines. These machines work 24-hours per day, seven-days per week within mining-based, temperature-controlled server centers.

In the last trading session, the stock price of Newgen Concepts declined more than 3% to close the day at $0.0026. The stock has recorded gains of over 333% so far in this year.

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Business

Newgen Concepts Inc (OTCMKTS:VPOR) Update On Assets Sale Of Simple Cork

Newgen Concepts Inc (OTCMKTS:VPOR) had finalized a Letter of Intent for the sale of assets of its subsidiary unit, Simple Cork, Inc. to a fully-reporting SEC firm. Under agreement terms, PubCo will compensate for the assets by offering newly issued and registered equities to the Vapor shareholders and its assumption of subsidiary’s debt, and a majority of the debt of the parent firm. The record date for shareholders to become eligible to get registered shares of PubCo in this deal is set as December 29, 2017.

The details

The assets of Simple Cork are the intellectual property of the firm’s patented Simple Cork™ offering. It is an easier and faster means to pull the cork out of wine bottles. Simple Cork allows anyone effortlessly open a bottle of wine without a corkscrew.

Yaniv Nahon, the CEO and President, expressed that they have been working on this deal for some time and consider its completion will considerably benefit their shareholders and their current operations. The following are the main terms of the deal. Newly-issued equities of PubCo’s will be registered with the U.S. SEC by PubCo wherein these shares will be offered to shareholders post the registration statement gets effective. The precise ratio of the count of equities to be registered and released to the firm’s shareholders is yet to be reached and will be reported before December 29, 2017.

Vapor will be relieved of a big part of its convertible debt that will be assumed by PubCo, along with PubCo’s undertaking of Simple Cork debt. In return for PubCo’s stock issuance and registration to benefit the company’s shareholders and the debt assumption, Vapor will sell all and any title and rights to the intellectual property assets of subsidiary Simple Cork to PubCo.

In the last trading session, the stock price of Newgen gained 0.84% to close the day at $0.0012.

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Business

Newgen Concepts Inc (OTCMKTS:VPOR) Answers Questions Related To Easy Grinder™

Newgen Concepts Inc (OTCMKTS:VPOR) CEO and President Yaniv Nahon expressed that since numerous shareholders have asked queries about their Easy Grinder™ business, he  thought he would provide investors with the required answers on their questions related to Easy Grinder™.

The highlights

Newgen subsidiary Total Vapor, Inc. holds the contract for worldwide distribution, advertising and marketing rights to Easy Grinder™ and the privileges to any and all future variations or improvements to it. The development and design of Easy Grinder™ was compensated for by a private firm, EZ Grinder, Inc., which has all Easy Grinder™ trademark and patent pending.

Under the deal with EZ Grinder, Inc., Total Vapor compensates EZ Grinder a payment on unit sales and pays and arranges for any and all manufacturing expenses of the individual units produced, besides paying all advertising and marketing costs of Easy Grinder™ directly.

The payment that Total Vapor compensates to EZ Grinder, Inc. is a fixed amount of 10% of the dollar cost of production wherein such production costs/unit are grounded on production runs of at least 20,000 units at a time. They consider the royalty compensated to EZ Grinder, Inc. is a fair and reasonable amount.

They consider that they have proven there is a growing and large global market for Easy Grinder™ and continue to work on deals to finalize overseas distributors, and broaden its multinational and U.S. press coverage and distribution.

Vapor Group is focused on the acquisition and advancement of commercially viable intellectual asset and proprietary offerings. The firm’s subsidiary, Total Vapor, is the global distributor of the revolutionary Easy Grinder™. Customers can place an order on www.easygrinder.com. Easy Grinder™ can be shipped to Canada. Vapor Group owns Simple Cork, Inc., the developer of a latest, multi-nationally patented arrangement wine bottle cork and opener being set for market entry in 2018.

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Marijuana

What Is The Update Coming From Newgen Concepts Inc (OTCMKTS:VPOR)?

Newgen Concepts Inc (OTCMKTS:VPOR) released a letter to shareholders from its CEO and President, Yaniv Nahon. The CEO mentioned that they are aware that market participants are worried due to recent events at the firm, and are seeking clarification and additional information. As company’s new President, he has taken this opportunity to try to resolve some of these concerns.

The details

Under terms of an exclusive global distribution deal with EZ Grinder, Inc. is the sole global supplier of Easy Grinder™. It will continue to be the same for the imminent period. As per the contract terms, Newgen hold the rights to distribute and manufacture Easy Grinder™. Since its market launch this year, the company has been able to ship as many as 12,000 Easy Grinders to date.

Previously, the company had reported that they had commitments from suppliers for the purchase of many more. But, the company faced grave limitations on what they were able to ship against supplier commitments following the pre-production need to redesign major components of the grinder, which deferred the start of preliminary production and decelerated factory output. This in turn, led in higher manufacturing expenses and subsequent increases in retail and wholesale pricing.

Consequently, numerous supplier reduced the orders size, backed off on commitments, or finalized to defer acceptance of shipments of the higher priced offering until they could show market acceptance of Easy Grinder™. Today, Newgen team consider they have proven that there is an extensive market for superior grinder and that company’s sales of Easy Grinder™ will prevail to grow year-over-year.

The team is confident in their assessment dependent on the positive responses Easy Grinder™ has obtained in sales, online reviews and from attendees at the popular BIG Industry Show in NY City in August, and the CHAMPS Trade Show and ASD Market Week in Las Vegas in July. In addition, the company is working on deals with overseas suppliers for Easy Grinder™, and are working hard to expand press coverage and distribution in order to enhance preference for, and consumer knowledge of, Easy Grinder™.

Categories
Marijuana

Newgen Concepts Inc (OTCMKTS:VPOR) Showcases Easy Grinder At CHAMPS Trade Show

Newgen Concepts Inc (OTCMKTS:VPOR) subsidiary firm Total Vapor, Inc. showcased Easy Grinder at the CHAMPS Trade Show held from July 18 to July 20, at the Las Vegas Convention Center. The CHAMPS Trade Shows marks as the leading counterculture B2B trade shows across the world, which are joined by thousands of purchasers worldwide. Total Vapor marks as the exclusive worldwide supplier of Easy Grinder™.

The details

Dror Svorai, the President of the Newgen, reported that the attendance at the CHAMPS is their first of numerous trade show appearances in July and August. During these shows, they intend to showcase Easy Grinder™ to their ever expanding reseller channels. He added that sales continue to grow at a fast pace, and they expect a strong year overall.

Vapor Group is focused on the development and acquisition of commercially viable intellectual assets and proprietary products. Its focus continues to remain on its historic operations of manufacturing and marketing vaporizers, e-liquids and e-cigarettes. At the same time, the firm’s subsidiary is the worldwide distributor of its revolutionary product named as Easy Grinder™ designed specifically for the marijuana market.

Newgen also owns Simple Cork, Inc., the developer of a new, multi-nationally approved combination wine bottle cork and opener being developed for market entry in 2H2017.

In an unrelated news, the company reported that its subsidiary unit Total Vapor has selected GSM Distributing Inc. as a distributor for its revolutionary product, Easy Grinder™. Yaniv Nahon, the COO, reported that they are pleased to have selected GSM Distributing as one of their family of national suppliers.

GSM boasts a long history of the strong distribution of smoking related offerings and offers them both an added industry credibility and expanded retail presence. As it is known, GSM Distributing has been home to the leading contemporary tobacco offerings since 1999 and has been advancing its product line ever since.

Categories
Business

Newgen Concepts Inc (OTCMKTS:VPOR) Expanding Patents

Newgen Concepts Inc (OTCMKTS:VPOR) reported that it will plan expanded U.S. and global patents for Easy Grinder™ as an outcome of internal testing that disclose that the know-how of Easy Grinder™ may be utilized in apps beyond the MJ Industry.

The highlights

Dror Svorai, the President of Newgen, reported that they have known that Easy Grinder™ may have extensive use beyond from the herbs grinding. As a result, they are pursuing establishing a multi-national patent wall to defend its mechanism and design, with a plan to market and develop product variations for uses in other markets.

He added that for fun, they showed that Easy Grinder can grind coffee beans as well as other hard substances. The understanding is that given its power and uniqueness, they intend to explore its practical application whenever and wherever a strong, portable grinder is required. They consider the profit and revenue upside of this opportunity is immense. The company will be releasing additional data on this development in the coming period.

Earlier the company reported that its subsidiary will begin fulfilling Easy Grinder™ orders in this month. Newgen utmost remains on the acquisition and progression of commercially feasible intellectual property and proprietary offerings. It is advancing with its preliminary business of making and marketing vaporizers, e-liquids and e-cigarettes, and through its other subsidiary the marketing of Whizboard scooters.

Total Vapor is the worldwide supplier of the revolutionary automatic Easy Grinder™ targeting the MJ market. Newgen also owns Simple Cork, Inc., the developer of a fresh, multi-nationally patented blend wine bottle cork or opener being designed for market entry in 2017.

In the last trading session, the stock price of Newgen traded in a narrow range and closed at $0.00290. The gains came at a share volume of 15.32 million compared to average share volume of 47.73 million.

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