CARLSBAD, Calif., Mar. 31, 2015 /PRNewswire/ --On March 26th, 2015 A1 Group, Inc. (OTCQB: AWON)
filed their 10K Annual Report that reflects significant increase in
revenues from its 3rd Quarter filing, with comments
which reflect favorable terms and savings regarding previous
Convertible Notes.
Overview of Comments 10K: On January
16th A1 Group, Inc. (AWON) renegotiated
$324,095.32 in notes at very
favorable Terms and Savings to A1 Group, Inc. Through a Note
Assignment Purchase Agreement and a Convertible Note. Under the
Original Notes, the conversion rate was of 0.15 cents with 8% interest, and under the Newly
Negotiated Note there is conversion rate of 0.22 Cents and all the interest is forgiven. This
saving A1 Group, Inc. $31,910.66 in
interest. Under the New Note it was agreed that upon the signing of
the agreement A1 Group, Inc. would convert the note to 1,473,161
shares of A1 Group, Inc. (AWON) Upon deliverance of the
Certificate, the Newly Negotiated Note is cancelled and A1 Group,
Inc. shall have no further obligation under the Note.
A1 Group, Inc. has been looking at various properties to open a
Signature Mixology Lounge in the Mid-Town, Wynn Wood area of Miami Florida and anticipate the opening of
the New Retail and Warehouse location by the end of April 2015.
A1 Group, Inc. has also been in negotiation with Victor Ordonez Mauricio Andrade and Jose Gabriel Castro Vargas of Bogota, Colombia who currently purchase A1
Vapors products, to sign a Master Distribution and Marketing
agreement to distribute A1 Vapors, Vapors products, E-Liquids and
accessories under the name A1 Vapors Colombia, though out the
Country. Mr. Andrade and Mr. Vargas currently have 8 distribution
booths and are preparing to launch a Permanent Retail location in
Bogota, Colombia.
Forward Looking Statement Disclaimer:
This press release contains forward-looking statements. Words
such as "expects", "intends", "believes", and similar expressions
reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements involve a number of risks and uncertainties, including
the timely development and market acceptance of products and
technologies, the ability to secure additional sources of finance,
the ability to reduce operating expenses, and other factors
described in the Company's filings with the Securities and Exchange
Commission and the OTC Markets Group. The actual results that the
Company achieves may differ materially from any forward-looking
statement due to such risks and uncertainties. The Company
undertakes no obligation to revise or update any forward-looking
statements in order to reflect events or circumstances that may
arise after the date of this release.
Investor Relations Contact:
Bruce Storrs
E-mail: info@a1vapors.com
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SOURCE A1 Group, Inc.