VAPR/E-Cite Motors Shareholders Adopt Resolutions Changing Name to Innovative EV Technologies, Inc. and Approve Company to Change Ticker Symbol
VaporBrands International, Inc. (OTC PINK: VAPR), now rebranded as Innovative EV Technologies, Inc., has received shareholder approval for a name change and is planning to change its ticker symbol. CEO Barry Henthorn stated this transformation aims to enhance growth prospects and market positioning. The company holds 100% ownership of E-Cite Motors and Acclaimed Automotive. Both subsidiaries will maintain their identities while the parent company will use www.innovativeev.com for corporate communications.
- Shareholder approval for rebranding to Innovative EV Technologies, Inc. enhances market presence.
- Plan to change ticker symbol to INEV or IEVT may attract more investors.
- Ownership of E-Cite Motors and Acclaimed Automotive strengthens the company's portfolio.
- None.
BOTHELL, WA / ACCESSWIRE / January 4, 2023 / VaporBrands International, Inc., (OTC PINK:VAPR) dba E-Cite Motors, announced that all of the members of the Board of Directors and the holder of a majority of the outstanding voting power of Vapor Brands International, Inc., a Nevada corporation by written consent have adopted resolutions to change the name of the corporation to INNOVATIVE EV TECHONOGLIES, INC.
It has been resolved in the best interest of the corporation that the amendment to the Articles of Incorporation to so change the name of the Corporation is approved and adopted in all material respects.
It has been further resolved by all of the members of the Board of Directors and the holder of a majority of the outstanding voting power of Vapor Brands that changing the ticker symbol is in the best interests of the Corporation that the Corporation change its ticker symbol, in order of preference, to INEV or IEVT, or to such other ticker symbol as is made available by FINRA to the Corporation, and/or the Corporation's President and/of Chief Executive Officer may determine in his sole discretion.
E-Cite Motors CEO Barry Henthorn commented: "This is an important step evolving VAPR to be better positioned to accelerate its growth, and we thank the shareholders for their quick response in supporting this change. We are excited to bring our vehicles to the showroom and are thankful for the support of our shareholders."
The Company is currently the sole shareholder in Acclaimed Automotive an automobile repair and restoration company www.acclaimedauto.com and E-Cite Motors Group www.ecitemotors.com.Both Subsidiaries' will continue to operate under their respective names and websites.The Parent Company now will utilizes the website www.innovativeev.com as its primary corporate website and shareholder correspondence relating to the public company.
Note* E-Cite's vehicles are in no way categorized as "Kit Cars" as they are manufactured new vehicles.
About VaporBrands International/Innovative EV Technologies, dba E-Cite Motors
www.ecitemotors.com (OTC PINK:VAPR) is a publicly traded company based in Bothell that is developing for manufacturing, state of the art electric vehicles utilizing the latest in technologies with a flare of some of the iconic autos of the past. VAPR recently acquired
CONTACT:
VaporBrands International, Inc./Innovative EV Technologies, Inc. dba E-Cite Motors
ceo@ecitemotors.com
SOURCE: VaporBrands International, Inc.
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