Newgen Concepts Inc (OTCMKTS:VPOR) On A Bull Run

Newgen Concepts Inc (OTCMKTS:VPOR) has been tearing up the charts on the back of the success of its Easy Grinder. The first production run of 20,000 units is already sold out. With expansion underway in Europe already, more investors are getting excited about the company's prospects. As we said last month, "judging by the recent activity, there might be more gains to be had." We were certainly right on the money and why we're taking another look at VPOR.The merger between Vapor Group Inc and New Concepts Inc was completed last October. As a result of the Merger, Vapor Group filed a name change to “NewGen Concepts, Inc.” and also filed for a symbol change with FINRA. The Merger was consummated by a share exchange of convertible preferred stock of Vapor Group for all the capital stock of NewGen Concepts.New Age Concepts Inc acquires and develops commercially viable intellectual property. Formerly named Vapor Group, its primary focus was the design, manufacture and marketing of high quality vaporizers, e-cigarette brands and custom formulated, high purity “Made in the USA” e-liquids. These products are sold under the Vapor Group, Total Vapor, and Vapor 123 brands. Through its subsidiary, Smart Wheels, Inc., it also markets “Whizboard” scooters and “Hoverkart” accessories. NewGen Concepts also owns Simple Cork, Inc., www.simplecork.com, the developer of a new, multi-nationally patented combination wine bottle cork/opener being prepared for market entry in 2017.In December, Total Vapor Inc became the exclusive worldwide distributor and a direct reseller of the new Easy Grinder. The hand-held Easy Grinder is rechargeable, electronically controlled and made to be fast and non-clogging even when grinding an herb of high moisture content. The simple-to-use grinder includes a built-in storage area to hold an ample supply of unground herb.Last month, the company reported that its initial production run of Easy Grinder will produce 20,000 units. This will produce over $1,000,000 in gross revenue. As a result, Easy Grinder sold out due to exceedingly strong retail and reseller pre-orders and reservations. The company said that online demand is increasing daily and wholesale distribution requests are now arriving from resellers in Europe. VPOR said that it believes that such international demand for Easy Grinder is just beginning and will become a significant driver of 2017 revenues and profits. Total Vapor Inc., the Company’s subsidiary and the worldwide distributor of Easy Grinder, will begin customer deliveries by the end of this month.This week, VPOR announced that it is negotiating a large order with a major distributor in the Netherlands with over 400 brick-and-mortar resellers. The Company believes that Easy Grinder will be a significant driver of its 2017 revenues and profits and that its international demand will continue to escalate as it enters diverse geographical markets beyond Europe.VPOR is also focused on marketing the Easy Grinder via online and social media. Total Vapor Inc., launched a new video for Easy Grinder which features a live demonstration of it in use. The Company’s intent is to have the video go viral in MJ Markets worldwide. In the coming weeks the Company plans to heavily promote this video via social media through online marketing companies, which have an overall reach of over 100 million potential customers. The video can be seen on easygrinder.com.Currently trading with a market cap of $22 million, shares of VPOR are up over 400% since we profiled the company last month. We expect some profit taking in the short term and some consolidation, but we expect much higher prices over the long run, especially if VPOR can ramp up sales of the Easy Grinder. If the company can follow through and "hold the line" on debt conversions, the bull run in VPOR looks set to continue.We will be updating our subscribers as soon as we know more. For the latest updates on VPOR, sign up below!Disclosure: We have no position in VPOR and have not been compensated for this article.