OTC Markets Approves VAPR E-Cite Motors Change of Control Application Following Recent Acquisitions
BOTHELL, WA -- March 29, 2022 -- InvestorsHub NewsWire
-- VaporBrands International, Inc. (OTC
PINK:VAPR) dba E-Cite Motors www.ecitemotors.com an innovative Electric
Vehicle manufacturer announced that OTC
Markets www.otcmarkets.com has approved VAPR E-Cite's
change of control application.
Now that the Change of Control has been approved E-Cite will be
able to post current disclosures, company information, and
financials via the OTCIQ portal providing accurate and transparent
information to investors.
Additionally, E-Cite intends to apply for a name change and a
new ticker symbol that more accurately represents the nature of the
business in the near future. In the meantime, investors can buy or
sell the stock via virtually any broker or online trading platform
such as E-trade under the symbol VAPR.
E-Cite has several key advantages over other auto manufacturers.
Unlike competitors Tesla, Nikola, Polestar, Lucid, VW, Ford,
Jaguar, and others, E-cite is not required to meet any of the
safety or other costly certifications of a traditional auto
manufacturer making the ease and timeline of offering new vehicles
to market significantly more favorable. Whereas the initial
timeline to be able to deliver a production vehicle to market
generally exceeds 3 years and often longer at a very high cost,
E-Cite expects to be delivering its first production vehicles for
the 2023 model year. That is less than 12 months from inception to
the showroom.
This is possible because E-Cites vehicles qualify under the "Low
Volume Vehicle Manufacturers Act of 2015" In 2015 Congress enacted
a bill into law directing the NHSTA to establish a program allowing
low volume motor vehicle manufacturers to produce a limited number
of vehicles annually within a regulatory system that addresses the
unique safety and financial issues associated with limited
production, and to direct the EPA to allow low volume motor vehicle
manufacturers to install engines from vehicles that have been
issued certificates of conformity. Although they were given one
year to establish this new program it took until January 2021 until
the NHSTA issued a final ruling to allow low volume vehicle
manufacturing. Under the act car manufacturers that meet the
criteria are exempt from all the safety standards but they must
meet current emissions standards. There are no emissions standards
for EV vehicles.
E-Cite Motors vehicles will utilize a modular design engineered
to allow the production of vehicles utilizing a skateboard style
chassis that uses hub electric motors. As the system is fully
modular this allows for configurations ranging from low powered
batteries and only a single 100hp motor on up to a high powered
1000hp performance vehicle utilizing AWD and 4 250hp motors or
beyond.
Using this modular design allows for entry level vehicles that
are fully upgradable, that can be fitted with a variety of bodies
ranging from fun affordable sportscars, utilitarian vehicles, made
from inexpensive fiberglass all the way beyond the performance
achieved by today's petrol supercars using state of the art carbon
fiber.
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 100% ownership in
E-Cite Motors, Acclaimed Automotive www.acclaimedauto.com, and N2A
Motors www.n2amotors.com a California-based custom auto
manufacturer and car factory specializing in designing, engineering
and building prototype, concept, and limited production vehicles
for OEMs, corporations, movies, and private owners. N2A was led by
legendary designer Gene Langmesser who now serves as the COO of the
combined operations.
CONTACT:
VaporBrands International, Inc. dba E-Cite Motors
ceo@vaporbrands.com
www.ecitemotors.com
SOURCE: VaporBrands International, Inc.
VaporBrands (PK) (USOTC:VAPR)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
VaporBrands (PK) (USOTC:VAPR)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
