CARSON CITY, Nev., Feb 17,
2015 /PRNewswire/ -- Rapid Fire Marketing (Pink Sheets:
RFMK) has issued the following update on the Company's business and
objectives going forward in 2015:
PocketPufferâ„¢ Herbal Vaporizer
Over the last several months, numerous improvements to the
PocketPufferâ„¢ dry herbal vaporizer have been underway at the
factory in China. Rapid Fire
Marketing has had an ambitious plan from the beginning to develop
our own vaporizer that is unique and provides a customer experience
superior to competitors. From the start, we wanted a sophisticated
unit with multiple temperature settings which is essential for the
vaporization of a variety of herbs. Optimum vaporization occurs
with different heat settings depending on the herb the user wants
to vaporize.
This sophistication has the drawback of taking a significant
amount of time to develop and having a unit that is ready for the
marketplace. As we have said before, rather than rush a unit to the
marketplace, we want to bring the best unit available to the
marketplace.
We are expecting the final units to be received in California by next week. Once we receive these
units, our factory representative, as well as members of our team
will test the units. If all goes well, we can go to a significant
production run.
Additionally, we have received our final trademark for the
PocketPufferâ„¢, from the United States Patent and Trademark
office.
Merger/Acquisition Update
During the past year, we have been in discussions with several
companies regarding a potential merger or acquisition. It is our
contention that acquiring a cash flow positive company, or merging
with a company that is either cash flow positive or working their
way toward profitability, is the quickest route to long term growth
for Rapid Fire Marketing.
There are many considerations in the merger/acquisition
business. First of all, it has to make sense for our Company and it
has to be a good deal for our Company and its shareholders. We are
not going to acquire or merge with a company that will be to the
long term detriment of the shareholders.
We have a three to five year plan for Rapid Fire Marketing. It
is our objective to find the right acquisitions and then position
the combined resources of the companies for growth into the
future.
We believe there is a lot of value in our Company. RFMK is
fully reporting with the SEC, as we file our 10-Qs and 10-Ks on
time. And, most importantly for a potential private
acquisition company with capital requirements, our Company has
funding in place for a potential transaction.
We have made significant progress narrowing down the field of
companies we have been in discussions with in regards to a merger
or acquisition. We were close to consummating a deal after a great
deal of due diligence but, in the end, it was not the best deal for
our shareholders. This development has been a major factor in the
Company not providing many updates because we felt we were so close
to substantive news.
However, we have identified another attractive opportunity and
we believe we are getting close to striking a definitive agreement
in the near future which will lead to a whole new and exciting
chapter in the story of Rapid Fire Marketing.
Tom Allinder, CEO of Rapid Fire
Marketing, said, "Next month, I will have been the CEO of Rapid
Fire Marketing for three years. It has been a long and difficult
road for our Company and its shareholders. We were able to clean
this Company up and get to fully reporting status, and even though
it has taken a long time, we will bring our first herbal vaporizer
to the marketplace."
Allinder continued, "We have put a lot of time, work and travel
into meetings with potential acquisition and merger candidates over
the last nine months or so. We have narrowed the field and I am
hoping we can make an announcement soon on that front."
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About Rapid Fire Marketing, Inc.
Rapid Fire Marketing, Inc. is a developer and reseller of herbal
vaporizers. The core strategy is to maximize revenues in the
rapidly expanding vaporizer industry. Rapid Fire Marketing also
looks to invest and do joint ventures with companies with
established revenue streams that are looking to grow their
businesses. Rapid Fire Marketing is also looking to grow through
acquisitions of companies or technologies that are synergistic with
our business plan.
Safe Harbor:
From time to time, the Company may issue news releases that
contain "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and is subject to the safe harbor created by
those sections. This material may contain statements about expected
future events and/or financial results that are forward-looking in
nature and subject to risks and uncertainties. For those
statements, the Company claims the protection of the safe harbor
for forward-looking statement provisions contained in the Private
Securities Litigation Reform Act of 1995 and any amendments
thereto. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, goals, assumptions, or future events or performance are
not statements of historical fact and may be "forward-looking
statements." "Forward-looking statements" are based upon
expectations, estimates and projections at the time the statements
are made that involve a number of risks and uncertainties that
could cause actual results or events to differ materially from
those anticipated.
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SOURCE Rapid Fire Marketing