VAPR to Officially Change Name to Innovative EV Technologies and New Ticker Symbol to be Requested to Better Describe Companies Business Activities
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.
Sentiment and the balance of points
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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.
Details
News Market Reaction – VAPR
The recorded move for VAPR in the trading session of this news was +6.67%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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