$VPOR Closes Merger with NewGen Concepts, Inc.

As previously stated, the Merger was consummated by a share exchange of convertible preferred stock of Vapor Group (the “Share Exchange”) for all the capital stock of NewGen Concepts. The Vapor Group preferred stock issued is subject to a holding period before conversion to common stock. As a result, the Merger results in no immediate dilution to Vapor Group’s common shareholders. No common stock was issued in connection with the Merger.

Under the terms of the Merger, NewGen Concepts will immediately explore the spin-off of each of Vapor Group’s subsidiaries as an independent, publicly-traded company, wherein the first spin-off would occur in early 2017 by a share dividend to existing shareholders of record on a given date of ownership. The first such spin-off will be Total Vapor, Inc., which is currently expanding its product offering into vaporizers and related products suitable to the growing market for legal Cannabis products sold in the United States.

As a result of the Merger, the existing board of directors of the Company is in the process of being reconfigured. The new board of directors will immediately initiate a search for a new President and CEO (“Chief Executive Officer”) to further the new mission and strategies of the company.

About NewGen Concepts, Inc.

NewGen Concepts, Inc., www.newgenconcepts.com, was formed in 2016 to acquire, develop and capitalize on a portfolio of commercially viable intellectual property (“IP”), protected under U.S. and international patent and trademark law. Based on this IP portfolio, its strategic intent is to develop a portfolio of proprietary products and services to market, license and sell globally.

The first new U.S. and international patent pending product of NewGen Concepts, Inc. is “Simple Cork™”, www.simplecork.com, designed to revolutionize the wine industry by introducing it to a new level of customer convenience. (For a video of how Simple Cork works, go to https://youtu.be/RFNMSMtQun4.)

The U.S. and worldwide wine industry consumes billions of corks yearly, a sizeable portion of which can be replaced by Simple Cork which provides broad consumer benefits and a unique marketing edge to wineries. Initial target markets are the U.S. and major wine-producing European countries, France and Italy.

NewGen Concepts believes that the sales potential of Simple Cork will represent a huge incremental gain in future revenues and profits for the company. To that end, it plans additional multiple, foreign patent filings in 2016 and 2017 and the addition of new patents and intellectual property for related products and technologies. A campaign will begin in the next 30-days to create top-of-mind awareness for Simple Cork in the worldwide wine industry and to build on an industry buzz that has already started. NewGen Concepts has already begun Initial Smart Cork previews and discussions with quality California and European producers of leading, wine brands. From these discussions, the resultant indication of interest is high.

“Simple Cork” is in its final engineering development with application testing scheduled to be completed this year, and active product marketing, worldwide licensing and manufacturing beginning in 2017. Within the next 10-days, NewGen Concepts will place the assets of Simple Cork into a wholly-owned subsidiary of the same name in order to segregate it assets, business efforts and results into a specific entity.