DALLAS, April 4, 2014 /PRNewswire/ -- Nevis Capital Corporation (OTC: OCEE), is pleased to announced that they have executed a LOI (Letter of Intent) to purchase a Colorado online vaporizer retailer called Vaportownusa.com. The operations of Vaportownusa.com are established and the company has a significant revenue base which has the potential to accelerate exponentially. It is our intention to close this transaction in an expedited manner and the purchase price will be satisfied through a combination of restricted stock and cash payments in order to minimize dilution and preserve the integrity of the company's capital structure.
Management of Nevis Capital Corporation expects to announce more significant transactions in the coming weeks. The roll up strategy undertaken by Nevis Capital Corporation will result in an integrated package of cannabis companies which can maximize revenue and growth opportunities. The board is considering several revenue producing acquisitions at this time. The market opportunity for cannabis is massive and Nevis Capital Inc. intends to benefit from these opportunities to continue to enhance our shareholder's value.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements.
Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, (ii) performance of financial markets, including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates (ix) changing levels of competition, (x) changes in laws and regulations, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures, and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
The matters discussed herein may also be affected by risks and uncertainties described from time to time Nevis Capital Corporation filings with the U.S. Securities and Exchange Commission and/or OTC Markets. The company assumes no obligation to update any forward-looking statement.
CONTACT: Keith Alexander, 713-817-9187, firstname.lastname@example.org
SOURCE Nevis Capital Corporation