FreeButton, Inc. (OTC: FBTN), a development-stage, marketing-focused business developing consume products and services, recently entered into a non-binding letter of intent to acquire A1 Vapors Inc., a product development and marketing firm catering to the electronic vapor cigarette industry.
“A1 Vapors is delivering consumers a revolutionary alternative to conventional smoking, which is safer, cleaner, and less expensive,” said James Lynch, CEO of FreeButton Inc. “We think the company is extremely well positioned in this burgeoning marketplace and that the A1 Team’s market capabilities are a great fit.”
A1 Vapors offers a variety of options for smokers including a diverse selection of devices and flavors. Based in Miami, Florida, the company owns and operates four retail locations, an e-commerce website, and holds distribution licenses with accessory manufacturers, including E-Ceramic Vaporizer Devices.
These devices are focused on assisting cancer and arthritis patients with vapor devices focused on administering cannabis medication. With no torches and simple designs, the devices are ideal for older or disabled patients looking to use medications more effectively than more complex devices.
In addition to these devices, the company operates a B2B engagement and social sharing platform called VideoStakes.com, which incentivizes Internet users to engage in brand video content and share it through social networks. The firm also entered into an agreement to acquire a sports media company in July 2013.
As of the fourth quarter of 2013, FreeButton Inc. has only generated $5,000 in revenue since it only recently launched VideoStakes.com. The company’s balance sheet showed $107,852 in total assets and $426,231 in total liabilities with $85,906 in cash, as of December 31, 2013’s 10-K filing with the SEC.
Shares of FreeButton Inc. were unchanged as of Thursday morning and trading up just over 5% over the past month.
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