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Vapir Completes Financing in Preparation for New Product Launch

SAN JOSE, Calif., May 19, 2015 (GLOBE NEWSWIRE) -- Vapir Enterprises, Inc. (OTCQB:VAPI) (www.vapir.com) ("Vapir" or the "Company"), a developer and manufacturer of revolutionary, state-of-the-art, and user friendly medical-grade vaporization devices, successfully completed a $500,000 capital raise in preparation for the pending retail launch of its state-of-the-art, ultra-portable Prima Vaporizer.

"Our recent capital raise strengthens our operating position as we push forward with the launch of our next-generation Prima portable vaporizer, jettisoning us to the next level ahead of our competitors," stated Hamid Emarlou, Chairman and CEO of Vapir.

Prima is an ultra-portable digital vaporizer offering four temperature settings in a simple device designed to make vaping quick and convenient, delivering a luxurious user experience. The easy-to-clean device comes with a removable and rechargeable battery pack.

Emarlou continued, "As the multibillion dollar vaporizer market continues to expand, it's important that we innovate to attract new customers and to meet the evolving needs of our current users. That's what we've done with the launch of Prima, our newest device that uses our patented state-of-the-art vaporizer technology in a sleek, sophisticated, and functional design. We believe the addition of Prima to our existing product portfolio sets the stage for strong revenue growth in the coming quarters."

About Vapir Enterprises

Vapir Enterprises invents, develops, and manufactures revolutionary, state-of-the-art and user friendly medical-grade vaporization devices. In utilizing its various issued and pending patents, the Company's vaporizers extract active ingredients from source material by a unique and proprietary process, delivering high quality natural vapor for the best user experience. Vapir has sold hundreds of thousands of units globally since its initial launch in 2006. Learn more at www.vapir.com.

Forward-Looking Statements

Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Form 10-K previously filed with the SEC.

CONTACT: Michael Sullivan RedChip Companies, Inc. Tel: 1-800-RED-CHIP (733-2447), ext. 115 Email: michael@redchip.comSource:Vapir Enterprises, Inc.