BEVERLY HILLS, Calif., Dec. 5, 2014 (GLOBE NEWSWIRE) -- mCig®, Inc. (OTCQB:MCIG) ("mCig"), a technology company that owns, manufactures, and distributes the mCig®, VitaCig®, and Vapolution products, is pleased to announce the appointment of Michael Snody to the position of Chief Research and Development Officer. Mr. Snody will run the company's new metalworks and hardware division and this will be the first division that concentrates on American-made products.
To this point, mCig Inc. has focused primarily on delivering vaporizers and vape pens at a disruptive price. From here, mCig Inc. plans to move into processing plant materials, manufacturing and distributing equipment used to process plant materials, and incorporating cannabinoids into our product lines. The company's mission is to transition into a holding company with a core of profitable divisions that will focus on future potential in this ever expanding industry and provide worthwhile employment opportunities to the American economy. With the metalworks and hardware division, the company plans on dominating vaporization and its associated hardware market while incorporating these products into mCig's arsenal.
In his new capacity, Mr. Snody will draw on his exceptional materials and design expertise developed over a diverse 34-year career. His unique understanding of specialty alloys such as titanium, zirconium, and powdered steels, as well as space-age composites will form the basis of a high-performance, luxury product line of vaporizers and accessories made in the United States. Michael will be responsible for developing and sourcing new mCig products for the rapidly expanding global market.
Mr. Snody, a native of Corpus Christi, Texas, comes to mCig after a lengthy career in design and fabrication. Most recently, Mr. Snody's own company, Mike Snody Knives Unlimited, was responsible for designing and crafting some of the world's most sought-after custom performance cutlery. In addition to his own custom pieces, Michael has also contracted to design and produce knives in conjunction with industry leaders including Benchmade Knives, Heckler & Koch Firearms, and the National Rifle Association. Currently, several of Mr. Snody's designs are being produced by Ka-Bar Knives. Michael's signature work is marked by his exceptional ability to work with a wide variety of rare and high-performance materials, including titanium alloys, carbon fiber, petrified dinosaur bone, meteorite, Damascus steels, and the most high-performance stainless steels available. Over the course of the past 15 years, Mr. Snody has developed a loyal international following, with customers regularly paying in excess of $5,000 for each custom Snody knife. His fan base includes a vibrant community of followers on YouTube, Facebook, and over 14,000 followers on Instagram.
Prior to his success in the custom cutlery arena, Michael built a stellar reputation as an engineering consultant for Exxon Co. USA. Working throughout the United States, Russia, Mexico, Japan, and other countries around the world, Mr. Snody provided a wide range of services, including general project management, code and specification enforcement, and contractor scheduling. In this capacity, Exxon relied on Michael's commitment, as well as his depth and breadth of knowledge in managing several multi-million dollar projects simultaneously in different geographical regions worldwide. Mr. Snody began his career in the energy sector as an ASME certified welder / fabricator in oil refineries, chemical plants, and on pipelines and offshore drilling platforms. He is an AWS certified welding inspector and educator. He holds API certifications 653 and 570 for tank and pipeline inspection. Michael has an associate's degree in fabrication from Del Mar Technical College.
After interfacing with Mr. Snody at industry trade shows, mCig Management developed a professional relationship with Mr. Snody, resulting in the offering of the position of Chief Research and Development Officer. mCig believes that Mr. Snody is an ideal fit for this position, and that his experience, dedication, and vision will elevate the mCig product line to an even higher level of quality and craftsmanship.
"It is an honor to be a part of mCig. I am passionate about this product line, and have personally used mCig products to successfully kick a decades-long tobacco habit. This is an exciting time for this company and this industry, and I am thrilled to be a part of it with an industry leader like mCig," said Mr. Snody.
Michael will operate out of his Colorado manufacturing facility, creating prototypes, sprint runs, as well as producing his upscale, American-Made Snody Highroller™ line of products.
About mCig, Inc.
mCig, Inc. (MCIG) is a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes (2) The adoption of electronic vaporizing cigarettes (commonly known as "eCigs") by the world's 1.2 Billion smokers. The company manufactures and retails the mCig(R) line of products including the mCig(R) 2.0 -- the world's most affordable vaporizer priced at only $10 to the mCig(R) 3.0 -- one of the most advanced personal vaporizers on the market. Designed in the USA -- the mCig(R) provides a superior smoking experience by heating plant material, waxes, and oils delivering a smoother inhalation experience. The company also owns Vapolution, Inc. which manufactures and retails home-use vaporizers such as the Vapolution 3.0. Through its wholly owned subsidiary, VitaCig, Inc. the company manufactures and retails the VitaCig(R), a $5 nicotine-free eCig that delivers a water-vapor mixed with vitamins and natural flavors. See more at: http://www.mCig.org/, www.Vapolution.com, and www.VitaCig.org
The company believes that a well regulated marijuana industry is emerging as more states follow the lead of Washington and Colorado in legalizing marijuana. A similar trend is developing within the eCig industry following the first acquisition of an electronic cigarette brand (Blucigs) by a traditional tobacco company Lorillard Inc. for $135 million followed by another acquisition in February 2014 by Altria Group Inc. of Green Smoke for $150 million. Wells Fargo analyst Bonnie Herzog estimates that eCig sales may rise from $1 Billion in 2013 to $10 billion over the next three years.
mCig, Inc. (MCIG) has positioned itself as a first mover at the intersection of these two trends and hopes to create shareholder value by making the mCig(R) one of the leading choices for electronic consumption of plant material. - See more at: http://www.mcig.org/investors/investor-opportunity-subpage/
Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies.
CONTACT: Paul Rosenberg CEO 1 (425) 652-5946Source:mCig, Inc.