MyEZSmokes announces plans for $1 million stock-based equity offering

Company reports it will conduct deal to advance its market presence

By Devika Patel

Knoxville, Tenn., Sept. 16 - MyEZSmokes Inc. said it will conduct a $1 million stock-based equity offering to advance its market presence.

"We are pleased to have had our 1-A registration statement cleared by the SEC so that we can begin to access the additional funds needed to advance our product marketing efforts," chief executive officer Dan Balsiger said in a press release. "As recently reported in a Wall Street Journal article, we expect this current $1 billion marketplace to grow substantially to a $10 billion presence over the next five years and are working to position our product line to achieve a top 10 presence within our peer group during this exciting emerging growth period.

"We are developing and are in the process of implementing a new web presence that will be coupled with a unique distribution partner network opportunity that offers a substantial profit proposition we believe will significantly drive the sales of our product over the next several years through a network marketing presence. Our general goal of becoming one of the top 10 in this product channel should allow us to achieve a healthy profit while providing a good return to our shareholders," Balsiger said.

Based in San Diego, Calif., the company makes and sells electronic cigarettes.

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