Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Vapor Cigarettes Seek to Take Bite out of Big Tobacco

Print
Font Size:
Default font size
Larger font size

Posted: Monday, February 17, 2014 8:01 am | Updated: 1:32 am, Tue Feb 18, 2014.

(NewsUSA) - For decades, tobacco companies have signified big business. Now, however, with the continuing decline in U.S. sales, the once booming industry has been working to protect its multi-billion-dollar bottom line by relying on its global reach into Asia and other continents.

Yet, despite the stronger push in Asian markets, obstacles still exist. In 2008, China became the first to introduce a non-tobacco alternative known as the electronic cigarette -- also known as the vapor cigarette.

"Consumption of [vapor cigarettes] may overtake traditional cigarettes in the next decade," predicts Wells Fargo analyst Bonnie Herzog, "?and they'll only evolve and improve as time goes forward -- at far less risk. The technology portion of it is sort of like Apple. This is just version one."

Vapor cigarettes are battery-powered inhalers that heat tubes to turn a liquid solution into vapor at much lower temperatures than tobacco-based cigarettes. Instead of "smoke," they produce water vapor that mimics the feel of smoking and contains approximately the same amount of nicotine as a conventional cigarette.

While not marketed as a way to quit smoking, many believe they can defeat that addiction, noting other benefits being that they don't burn tobacco (thus no cancer-causing agents), and they don't emit secondhand smoke or produce ash.

With more than 40 million smokers in the U.S., the growth potential for Icon Vapor (OTCPK: ICNV) as an independent, ultra-premium quality vapor cigarette company is substantial.

To date, vapor cigarette sales have doubled every year since 2008, according to UBS Financial Services, and were due to break the $1 billion bar this past year -- although sales figures for 2013 are not yet available. This means a potentially lucrative future for Icon Vapor. "Icon Vapor's goal is to provide a sensible, safer, cost-competitive alternative to the tobacco-based cigarette," notes Daniel Balsiger, president of Icon Vapor. "We also believe that an informed consumer will carefully consider who they purchase vapor cigarettes from, and that Icon Vapor will distinguish itself in the marketplace as a superior product to big tobacco's recent efforts to diversify into that space." Icon Vapor recently unveiled an innovative marketing platform that offers an excellent opportunity for those wanting to enter this growing, lucrative market -- with its goal and structure designed to give profits back to the average person just by sharing the word.

For more information, visit www.iconvapor.com.

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don't pretend you're someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don't threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don't insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the 'Report' link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.

Welcome to the discussion.

Poll

Loading…

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists