Net sales by the US-based electronic cigarette company, Vapor Corp, during the three months to the end of March, at about $6.4 million, were increased by $1.5 million or 31.1 per cent on those of the three months to the end of March 2012.
“The first quarter of 2013 was marked by continued sales growth, a return to profitability and an increase in working capital,” said CEO, Kevin Frija.
“These financial results are very encouraging; especially as we embark on the continued expansion of our soft tip filters and Krave King product line.
“Demand for our products remains strong and interest in our Krave King is expanding.
“We remain committed to investing in the long-term growth of the company and its brands as well as gaining greater brand awareness among the vaping community and investors.
“Quality, value and thoughtful innovation and improvements in product, such as our soft-tip filters, set us apart from the competition and allows us to get more products into the hands of more customers, and leads to more repeat customers.”