International Expansion Continues
Today, mCig Inc. (OTC:MCIG) announced that their 47% owned subsidiary, VitaCig Inc., secured a massive European distribution deal for their VitaCig line of products in both Europe as well as Russia. The deal is for a minimum of $2 million over the next three year period. This deal closely follows VitaCig's closing of a $1.3 million three-year contract for the Japanese market.
mCig CEO Paul Rosenberg commented, "I am extremely pleased to announce our agreement with Mr. Jozsef Fuzesi, CEO of Nefeloma Trade LTD for the distribution and sale of our premier VitaCig line of products in both Europe and Russia. Focusing on international expansion is a key path for long term growth and success."
Nefeloma Trade CEO Jozsef Fuzesi commented, "I am extremely excited about the new partnership with mCig and VitaCig, the maker of the original Vitamin Vaporizer. I am honored to have the ability to offer a healthier alternative to tar and tobacco based products, and taking into consideration the overwhelming initial interest, we are looking forward to a very lucrative partnership."
Extended Intellectual Property Protection
With this new deal in place for mCig and VitaCig, the companies have added to their intellectual property (IP) portfolio by protecting these assets in Europe and Russia. This will protect VitaCig's strong brand positioning as it expands to international markets.
New Products Released Too!
Included with the deal announcement was also a new product announcements. According to the release, "mCig/VitaCig is pleased to announce the launch of its VitaCig® Excalibur Rechargeable Capsule System...The VitaCig® Excalibur advanced capsule system was created to appeal not just to the beginner vape/e-cig user, as with our VitaCig® disposable product, but also to the moderate user who prefers more of the open tank vaporizers...In addition to the VitaCig® Excalibur, with the Holiday shopping season in full swing, VitaCig has also released its Candy Cane -- Special Holiday Limited Edition VitaCig®."
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