On 20th October’14, BrilliantPennyStocks.com initiated coverage on VAPE. The stock moved up by 55.83% since the coverage was initiated.
Vaporization products solutions developer Vape Holdings, Inc. (OTCMKTS:VAPE) announced the launch of its newest line of cutting edge products under its popular HIVE brand recently.
Launch of Hive Glass – Precision Glass
The launch showcased new product called HIVE GLASS, which will be available at retailers in the market starting December 1, 2014. Vape Holdings, Inc. (OTCMKTS:VAPE) has positioned HIVE GLASS as a precision made component which has been manufactured in exacting conditions. In order to maintain high level of precision and quality of end product, the firm has indicated that it used only German Schott glass and fittings in its entire production cycle.
Precision Based Manufacturing Approach
Emphasizing on several steps the company has taken to make the glass production process to the next level, Vape Holdings, Inc. (OTCMKTS:VAPE)President Joe Andreae has highlighted that, "We have been researching and developing our production glass line for many months now, with the help of our extremely dedicated and experienced team, as well as various industry experts and glass manufacturers.. Our existing customer base and distribution network will be the catalyst for expanding our HIVE brand across all vertical markets."
Aiming To Expand Foot Print Into New Market Segments
Vape Holdings, Inc. (OTCMKTS:VAPE) anticipates a huge build up in demand for this precision manufactured glass. It hopes to leverage its existing vendor and customer connections to introduce its new product to previously unexplored market segments.
Announcement Impacts Share Price Positively
The announcement of launch of new products attracted new investors into the stock of the company. Currently, it is trading at $1.27 per share as of 27th October close. The share price of this stock has wildly fluctuated in the past 12 months. It has plunged to lows of 36 cents per share and has touched record highs of $41.25 per share.
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