NEW YORK, NY / ACCESSWIRE / March 30, 2016 / Breathe Ecig Corp. (OTCQB: BVAP) ("Breathe" or "the Company"), currently manufacturing and operating in the electronic cigarette industry, has today announced that the Company will file for a name and symbol change to reflect the new direction of the primary business. Subsequently, the Company will be known as WhiteFox Ventures, Inc. ("WhiteFox"). The Company intends to commence the merger process through an exclusive License Agreement, while the ultimate goal is a completed merger or similar transaction between the two firms. WhiteFox expects to be a revenue generating growth company with a vertical business model in which paying members may participate in various business opportunities put before the Company.
Breathe CEO Mr. Seth M. Shaw expressed, "The Company has carefully evaluated the business model of WhiteFox and believes that there is a significant growth opportunity for its shareholders. The Company is hopeful to complete this merger and/or acquisition as soon as possible."
Additionally the Company is pleased to disclose that it has successfully extinguished and settled all of its significant remaining liabilities, inclusive of: Trademark litigation, Convertible Debentures, outstanding invoices, and financial obligation to Typenex Co-Investments LLC ("Typenex"). The Company will file a Form 8K to disclose the material terms of the above referenced settlements.
DISCLAIMER - Caution Concerning Forward Looking Statements
This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "hopefully," "attempt," "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward-Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely on these forward-looking statements.
Information for the Educated Investor
For further information regarding these and other risks related to Breathe eCigs' business, investors should consult Breathe eCigs' filings with the Securities and Exchange Commission, available at http://www.sec.gov.
Contact
Mr. Seth M. Shaw
Interim Chairman and Chief Executive Officer.
Email: seth@breathecig.com or sethsms47@aol.com
Cell: +1-917-796-9926
SOURCE: Breathe Ecig Corp.
