FT. LAUDERDALE, FL--(Marketwired - Oct 29, 2015) - A1 Group Inc. (OTC PINK: AWON)
(A1) announced this week the signing of agreements with TBG Holdings
Corp (TBG), to facilitate growth and expansion in the company and to
restructure or eliminate debt. These agreements were completed during
the first week of September 2015.
The
TBG Holdings Corp. team has several decades of history in strengthening
and expanding early-stage companies, positioning them for rapid growth.
TBG, with sister company, R3 Accounting, rebuild and fortify financial
structure, bring all reporting and filings current, raise capital for
expansion, take the company public on OTC Markets, if needed, assist
with acquisitions, and eventually uplist to a major exchange when the
company is mature.
"A1
Group has proven its business model and is ready for the next stage of
growth. We had seen that TBG has the right team and experience to take
us there," stated Bruce Storrs, CEO of A1 Group Inc. "A1's Executive
Team is very pleased to have been able to forge a power partnership with
a firm like TBG Holdings. The Vaping Industry is just beginning to
unfold, and a vaping company with mature leadership and solid financial
infrastructure will be able to take full advantage of the opportunities
it offers."
A1 Group
Inc. currently owns several profitable vaping kiosks in high traffic
shopping malls in South Florida. They are also supplying products and
retailing support to other vaping retailers in the US and
internationally.
Short-term growth goals include the expansion of the
kiosk business, acquiring and rebranding of Vaping shops and lounges,
and expansion of the product line to include nutraceutical and medicinal
vaping products. This line will offer vitamin and herbal vapors
formulated by certified, licensed nutritionists and herbalists, and
intends to expand to medicinal applications, such as cannabis.
A1
Group is looking to acquire an online health supplements company, as
part of its expansion into the vitamin and nutraceuticals industry.
"Bruce
Storrs and his team have built a solid foundation in an industry that
is growing rapidly," said Neil Swartz, CEO of TBG Holdings Corp. "We are
confident that A1 Group is poised for growth, and with TBG's corporate
support, capital infusion and debt restructuring, the company will be
able to fulfill its potential."
Timothy
Hart, CFO of TBG Holdings, will become CFO of A1 Group Inc. and will
guide the financial restructuring and growth of the company.
ABOUT A1 Group Inc.
A1
Group Inc. builds portfolios of vaping retail outlets and lines of
branded vaping products and equipment. These products are marketed
through A1's branded stores and websites, as well as through 3rd party
vendors in the US and internationally. The objective of the Company's
retail outlet division is to acquire and rebrand kiosks and vaping
stores in select markets in the United States and internationally, to
market the company's branded vaping equipment and e-liquid products, and
to expand the marketing footprint worldwide. A1's Nutraceutical and
Medicinal Vapors division is focused on the development of beneficial
vapors that enhance the wellbeing of consumers. For more information,
visit A1GroupInc.net.
ABOUT TBG Holdings
TBG
Holdings Corp. specializes in building and restructuring of early-stage
companies, positioning them for growth. Their team includes many
current and former Officers and Directors of public companies who have
decades of experience with OTC Markets, including, but not limited to,
private equity, private placements, PIPEs, preferred offerings, and
other funding methods, acquisition and acquisition transactions,
corporate and securities law, accounting & reporting, investor
relations, IR/PR, compliance issues, debt structuring, DTC issues, and
more.
TBG's goal is
to increase the value of the company through strengthening corporate
infrastructure, development of owned assets, raising capital for growth
and new acquisitions, guiding expansion, and assisting the company to
uplist to a major exchange when ready. For more information, visit TBGHoldings.com.
Safe Harbor Statement
The
information posted in this release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. You can identify these statements by use of the
words "may," "will," "should," "plans," "explores," "expects,"
"anticipates," "continue," "estimate," "project," "intend," and similar
expressions. Forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include, but are
not limited to, general economic and business conditions, effects of
continued geopolitical unrest and regional conflicts, competition,
changes in technology and methods of marketing, and various other
factors beyond the Company's control.
Steve Mullings,
SMullings@TBGholdings.us
2929 Commercial Blvd, PHD
Ft Lauderdale, FL 33308
954-440-4678
