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NEwhere Premium Vapor Products Finalizes An Agreement To Provide Up To $4.7 Million to Finance Its Growth In The Vaporizer And E-Cigarette Industry.

Companies mentioned in this article: NEwhere Premium Vapor Products

LOS ANGELES, May 13, 2014 /PRNewswire-iReach/ -- NEwhere Premium Vapor Products, a marketer and distributor of E-Cigarettes, E-Hookahs, E-Liquids and Rechargeable Vaporizer Products, announced today that it has finalized a financing agreement with Bibby Financial Services, Inc. of up to $4.7 Million.

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Ali Esmaili, CEO of NEwhere, stated, "The electronic vapor industry is a fast paced and ever-growing industry with hundreds, if not thousands of companies, all striving to be the best. This financing from Bibby Financial Services allows us to continue our mission to set ourselves apart from the competition and continue to offer exactly what our customers are looking for...a higher quality, better tasting, and more attractive product."

Nick Hart, Managing Director, Bibby Financial Services, California stated, "Bibby Financial Services specializes in helping quickly-growing companies gain the access to cash flow they need to reach their goals. Our financing model is based on receivables and other assets, so as demand for a product grows, so does the cash available."

This announcement couldn't come at a better time for NEwhere. In just the past 30 days, NEwhere has partnered with multiple leaders in various retail markets and grown from having a strong presence in just 5 states on the west coast to being available in retail locations across every state in the continental US as well as Hawaii. NEwhere is also now available in 5 providences across Canada. This financing will help to develop a larger presence in current regions, while quickly expanding into additional national and international regions. This financing also allows NEwhere to create and implement a comprehensive marketing and advertising plan to increase their brand recognition anywhere their products are available for sale.

About NEwhere Premium Vapor Products:

NEwhere is known as the industry's standard in innovative technology, sleek design and responsible business practices. NEwhere is currently in over 10,000 stores in the United States and Canada. NEwhere offers disposable and rechargeable electronic cigarette products for adult smokers. The e-cigarette products provide nicotine with rich tobacco, menthol, watermelon and grape flavors without traditional smoke or odor, while the e-hookah products provide zero nicotine smoking options in a variety of tasty flavors, without the mess or fuss of traditional hookah. NEwhere is headquartered in Chatsworth, CA. To learn more about NEwhere Premium Vapor Products, please visit NEwhere.com

Media Contact: Jack Sirounian, NEWHERE INC, (888) 991-7471, press@newhere.com

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SOURCE NEwhere Premium Vapor Products