VAPR to Officially Change Name to Innovative EV Technologies and New Ticker Symbol to be Requested to Better Describe Companies Business Activities

Rhea-AI Summary

VaporBrands International, Inc. (OTC PINK:VAPR) plans to change its name to Innovative EV Technologies, Inc. and its ticker symbol to better reflect its business direction. This initiative aims to minimize investor confusion and facilitate acquisitions. The company is the sole shareholder of Acclaimed Automotive and operates E-Cite Motors Group, both of which will retain their names and websites. The parent company will use www.innovativeev.com as its primary website for shareholder communication.

Positive

• Name change to Innovative EV Technologies could enhance market perception.
• New ticker symbol aligns with the company's vision and reduces investor confusion.

Negative

• None.

BOTHELL, WA / ACCESSWIRE / December 7, 2022 / VaporBrands International, Inc., (OTC PINK:VAPR) announced that it is in the process of submitting documentation in order to change the name of the Company to Innovative EV Technologies, Inc.

In conjunction to the requested name change the Company will also be submitting to change the ticker Symbol from (OTC PINK:VAPR) to a symbol that more accurately aligns with the new name.

E-Cite Motors COO Gene Langmesser commented: "As previously stated, we have intended to change the name of the parent to something that better illustrates the current and future direction of the company. We believe that Innovative EV Technologies encompasses the overall activity and vision of the corporation limiting investor confusion and allowing more seamless acquisitions"

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 anticipated to be Innovative EV Technologies, Inc. will utilize 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, 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 100% ownership in E-Cite Motors, Acclaimed Automotive www.acclaimedauto.com, and N2A Motors www.n2amotors.com a California-based custom auto manufacturer and car factory specializing in designing, engineering and building prototype, concept, and limited production vehicles for OEMs, corporations, movies, and private owners. N2A was led by legendary designer Gene Langmesser who now serves as the COO of the combined operations.

CONTACT:
VaporBrands International, Inc. dba E-Cite Motors
ceo@ecitemotors.com

SOURCE: VaporBrands International, Inc.

View source version on accesswire.com:
https://www.accesswire.com/730592/VAPR-to-Officially-Change-Name-to-Innovative-EV-Technologies-and-New-Ticker-Symbol-to-be-Requested-to-Better-Describe-Companies-Business-Activities

FAQ

What is the new name for VAPR?

VaporBrands International, Inc. will change its name to Innovative EV Technologies, Inc.

Why is VAPR changing its name?

The name change aims to better illustrate the company's current and future direction.

Will VAPR change its ticker symbol?

Yes, VAPR will request a new ticker symbol to align with the new company name.

What subsidiaries does VAPR have?

VAPR is the sole shareholder in Acclaimed Automotive and E-Cite Motors Group.

What is the focus of Innovative EV Technologies?

The company focuses on developing state-of-the-art electric vehicles.