While the amounts aren't all to impressive, they come at a critical time, to resolve and inventory tie-up to meet ramping demand.
SIMI VALLEY, Calif., June 8, 2015 /PR
Newswire/ -- Vapor Hub InternatioCanal Inc. (VHUB) (www.vapor-hub.com) is pleased to announce that it has successfully raised bridge financing through the issuance of non-convertible debt. The company received net proceeds of $104,071 from BofI Federal Bank and net proceeds of $184,000 from Typenex Co-Investment, LLC, after the payment of commissions.
"The funds received from Typenex and BofI Federal Bank will help us meet our short term capital needs," said Kyle Winther, VHUB CEO. "We plan to use a significant portion of the funds to expand our inventory which will help drive our revenue growth."
For a further description of the terms of the financings, please see the Company's Current Report on Form 8-K which it intends to file with the Securities and Exchange Commission on or about the date of this release.
About the Company
Vapor Hub International Inc. is a California-based company engaged in the development, production and sales of electronic cigarette products, including high quality e-liquids, custom mechanical mod e-cigarettes, and unique personal modifications. For more information regarding the Company, visit www.vapor-hub.com
Vapor Hub International Pays Second Installment Of Interest, Fees Due on Promissory Note In CashPR Newswire(Thu, Jun 4)
Vapor Hub International Reports Nine Month Sales at $3.59 MillionPR Newswire(Tue, May 26)The Company said revenues in the third quarter ended March 31, 2015 were $1.09 million with a gross profit of $351,778. In the same period in 2014, revenues totaled $188,540.
"We anticipate reporting revenues totaling $6 million for this fiscal year and we are very pleased by our growing success as a public company," said Kyle Winther, VHUB CEO.
- Vapor Hub International Reports Successes At Trade Shows, Including in the U.K.PR Newswire(Thu, May 21)
- VAPOR HUB INTERNATIONAL INC. Files SEC form 10-Q, Quarterly ReportEDGAR Online(Wed, May 20) \
- Vapor Hub International Pays First Installment of Securities Purchase Agreement in CashPR Newswire(Mon, May 11) This headline made the stock take off, given the announcement, there would be no share dilution paying
SIMI VALLEY, Calif., May 11, 2015 /PRNewswire/ -- Vapor Hub International Inc. (VHUB) (www.vapor-hub.com) is pleased to announce that its first monthly installment of approximately $35,000, plus interest and other costs, owed to the Typenex Co-Investment, LLC, was paid in cash. No shares were issued to pay the installment.
"We are pleased that we were able to make the first installment payment in cash," said Kyle Winther, VHUB CEO. "We are aware that issuance of shares is potentially dilutive to our shareholders. We intend to pay future installments also in cash."
- Vapor Hub International Reports Successes At Las Vegas Vape ShowPR Newswire(Wed, May 6)
"We are proud that Vapor Hub had one of the largest and best booths at the show. It was an excellent opportunity to make contact with U.S. distributors and we also met a number of international distributors who we will follow up with in Europe this week," said Kyle Winther, VHUB CEO.
"We also are very proud about how well our products are selling in the Vape community,"
Vapor Hub International's Limitless Mod: Proving Popular Among ConsumersPR Newswire(Thu, Apr 23 "....)pleased to announce that its new Limitless Mod has now sold more than 15,000 total units since its launch in November 2014, generating approximately $1,500,000 in revenue for the company...."Our international sales of this product are growing rapidly and with the additional product features we intend to introduce, we are confident our sales will grow even further," said Kyle Winther, VHUB CEO. "We are especially pleased since our profit margin on this product is excellent."- Vapor Hub International CEO Interviewed By Noted AnalystPR Newswire(Tue, Apr 14)
- Vapor Hub International CEO and President Interviewed as Industry LeadersPR Newswire(Mon, Apr 6)
| VHUB | 09:11am EST | 0.0229 | +0.0021 | +10.10% | 0.0194 | 0.023 | 46,000 | 815,777 | 1.5586M | Chart, News, Stats, Options, B |
Vapor Hub International Markets the Limitless Mod: Affordable and RevolutionaryPR Newswire(Mon, Feb 9)
- Vapor Hub International Markets Strongest Battery Available for VapingPR Newswire(Thu, Jan 29)
- Vapor Hub International CEO Details Company's History, Products, Concern for CustomersPR Newswire(Tue, Jan 20)
- Vapor Hub International Executives Interviewed By The Stock RadioPR Newswire(Fri, Jan 16)
- Vapor Hub International First to Market With 30mm Atomizers in a Wide Variety of ColorsPR Newswire(Thu, Jan 8)
Vapor Hub International Inc. (VHUB)
-Other OTC Watchlist
0.00(3.48%) Nov 24, 3:19PM ESTVapor Hub International Posts Q1 Revenue of $1.37 Million; Profitable One Year After Inception
SIMI VALLEY, Calif., Nov. 20, 2014 /PRNewswire/ -- Vapor Hub International Inc. (VHUB) recently announced the results of its operations for the quarter ended September 30, 2014, including revenue of approximately $1.37 million. The Company posted gross profit of $628,226 and net income of $44,486 for the period.
"We anticipate increasing revenue throughout the balance of 2014," said Kyle Winther, CEO. "We are pleased with these financial results and believe they show both shareholders and potential investors that we are undervalued based on the revenues and profitability we have posted."
About the Company
Vapor Hub International Inc. is a California-based company engaged in the development, production and sales of electronic cigarette products, including high quality e-liquids, custom vaporizers, and unique personal vaporizer modifications. In addition, the Company operates the Vapor Hub Lounge in Simi Valley, California, where customers and potential customers can relax, try the complete line of Vapor Hub products, and receive world-class customer service.
For more information regarding the Company, visit www.vapor-hub.com.
Source/Read more:
- Vapor Hub International Posts Q1 Revenue of $1.37 Million; Profitable One Year After InceptionPR Newswire(Thu, Nov 20)
We agree with the CEO stating-views as undervalued as evidenced by their market cap of 755,000 and low float for a one cent stock.....This low float suggests that when it starts to move, it could run stronger then average.
| Shares Outstanding5: | 68.06M |
| Float: | 30.06M |
Noticing Yahoo stats on them also point to very strong growth:
| Income Statement | |
| Revenue (ttm): | 2.50M |
| Revenue Per Share (ttm): | 0.03 |
| Qtrly Revenue Growth (yoy): | 1,668.50% |
Source: http://finance.yahoo.com/q/ks?s=VHUB+Key+Statistics
Bottom Line: We are montoring closely, especially for a developing a higher low at .01 in light of their most recent, upbeat earnings press release...Debate for potential doubling again on next company PR.
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