Vape Holdings Conducts Special Meeting Of Shareholders; Approves Hive Ceramics Asset Purchase
DENVER, March 24, 2014 /PRNewswire via COMTEX/ — 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.
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.