Newgen Concepts Inc (OTCMKTS:VPOR) Gets A Fresh Start

Newgen Concepts Inc (OTCMKTS:VPOR) is picking up speculative interest once again as the company makes the transition from being known as Vapor Group Inc to Newgen Concepts. The new name looks to be a fresh start and so far, it's working. Shares have rallied off the $.0001 lows seen last year, delivering gains of over 1400% to investors that got in on the lows. Judging by the recent activity, there might be more gains to be had.First up, a little background on the company. New Age Concepts Inc acquires and develops commercially viable intellectual property. Formerly named Vapor Group, its primary focus was the design, manufacture and marketing of high quality vaporizers, e-cigarette brands and custom formulated, high purity "Made in the USA" e-liquids. These products are sold under the Vapor Group, Total Vapor, and Vapor 123 brands. Through its subsidiary, Smart Wheels, Inc., it also markets "Whizboard" scooters and "Hoverkart" accessories. NewGen Concepts also owns Simple Cork, Inc., www.simplecork.com, the developer of a new, multi-nationally patented combination wine bottle cork/opener being prepared for market entry in 2017.The merger between Vapor Group Inc and New Concepts Inc was completed last October. As a result of the Merger, Vapor Group filed a name change to "NewGen Concepts, Inc." and also filed for a symbol change with FINRA. The Merger was consummated by a share exchange of convertible preferred stock of Vapor Group for all the capital stock of NewGen Concepts. The Vapor Group preferred stock issued is subject to a holding period before conversion to common stock. As a result, the Merger resulted in no immediate dilution to Vapor Group's common shareholders.Under the terms of the Merger, NewGen Concepts is exploring the spin-off of each of Vapor Group's subsidiaries as an independent, publicly-traded company, wherein the first spin-off would occur in early 2017 by a share dividend to existing shareholders of record on a given date of ownership. The first such spin-off will be Total Vapor, Inc., which is currently expanding its product offering into vaporizers and related products suitable to the growing market for legal Cannabis products sold in the United States.In December, Total Vapor Inc became the exclusive worldwide distributor and a direct reseller of the new Easy Grinder. The hand-held Easy Grinder is rechargeable, electronically controlled and made to be fast and non-clogging even when grinding an herb of high moisture content. The simple-to-use grinder includes a built-in storage area to hold an ample supply of unground herb.Total Vapor has launched a a retail website for Easy Grinder at www.easygrinder.com that can accept pre-orders. The new website features a video showing Easy Grinder in use. The company also launched the Easy Grinder at Big Show in Los Angeles. Total Vapor said:

The company had many national distributors coming to its booth, including the largest in the U.S. As a result, the company accepted significant wholesale pre-orders. Easy Grinder was proclaimed by one, "the most anticipated new device in the MJ market for 2017." Delivery of Easy Grinder is planned for March. Retail pre-order have also been strong on the company's new website. The company will continue to focus on the rollout of Easy Grinder and has engaged the largest social media advertiser in the industry to help promote it. In the coming weeks, the company will also release a video of the Easy Grinder.

Currently trading with a market cap of $6 million, the worst looks to behind VPOR as it makes its transition under Newgen Concepts Inc. In looking at the quarterly financials ending September 2016, VPOR reported $183k in revenues, a gross profit of $74k, $1.2m in total assets, and $3.6m in total liabilities. We expect to see some dilution in the future as some of its liabilities get converted into shares. This can be offset, however, if the company can show topline revenue growth. Shareholders can also benefit once Newgen starts spinning off some of its subsidiaries. Once we get more clarity on this time frame and Easy Grinder sales come in, VPOR looks set to resume its march higher.We will be updating our subscribers as soon as we know more. For the latest updates on VPOR, sign up below!Disclosure: We have no position in VPOR and have not been compensated for this article.