FT. LAUDERDALE, FL - (NewMediaWire) - October 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.