CHARLOTTE, N.C. - Dec. 9, 2015 // PRNewswire // - In August of 2015, KURE Franchise LLC, a wholly owned subsidiary of KURE Corp., announced that its Franchise Disclosure Document (the "FDD") had been accepted and approved in over 37 states and has pending applications in 15 other states.
Since the launch of its first corporate KURE modern Vaporium and Lounge earlier this year, KURE set goals of expanding to over 100 stores in the U.S. by the end of 2016. With its franchise model in place, KURE's goal of achieving 100 stores by 2016 nears reality. In just over a four month period, KURE Franchise LLC has sold over 30 franchises in the states of North Carolina, South Carolina, Florida and Georgia, with pending multi-unit development agreements in Connecticut, Virginia, Tennessee, Texas and California.
"Once a prospective franchisee sets foot in a KURE store, they have got to have one…there's nothing that compares," said Steve Ahearn, a KURE Franchisee. KURE's six corporate stores in North Carolina and Florida have served as a sales floor to sell franchises. KURE remains one of the fastest growing modern Vaporium & Lounges in the U.S., with its corporate stores exceeding all initial sales projections. KURE stores cater to loyal traditional customers, as well as new vaping enthusiasts, seven days a week.
In order to take advantage of the franchise potential, KURE has reorganized certain portions of its management and board members in order to capitalize on its growth. KURE has shifted its executive management by appointing director Craig Brewer as Chief Executive Officer and Martin Sumichrast as its Chairman of the Board. Craig Brewer is an experienced executive with history in building strong revenue and producing companies from its early stages. In addition, KURE has begun adding seasoned franchise sales and marketing executives into its organization from known franchise brands in the United States.
"We are fortunate to have had a brilliant team at KURE that is completely focused on building a truly unique, value-based enterprise for our franchise owners," comments Martin Sumichrast, Chairman of KURE Corp. and Vice Chairman of Siskey Capital, LLC.
KURE Franchise LLC is a wholly owned subsidiary of KURE Corp. ("KURE"). KURE is a private company based in Charlotte, North Carolina that specializes in the global distribution of vaporizing pens, e-Juices, and related accessories. KURE's primary products are its distinct line of custom blended high end flavored e-Juices, premium KURE brand vaporizers, as well as one of the largest selections of the most recognized third party hardware and eLiquid brands. All KURE products are available throughout its many store locations across the United States. KURE Vaporium™, KURE Society™, Kuriousity™, Kurators™ are all respective trademarks of KURE Corp. Its e-Juices can be purchased pre-bottled or freshly mixed by its staff of "Kurators", well-trained and experienced mixologists who can "blend" over 500,000 unique flavors from the KURE Juice On Tap™ bar. These KURE e-Juices are skillfully blended and served while customers shop, lounge and enjoy a selection of coffees, beverages, and snacks or simply vape and mingle with other like-minded enthusiasts.
KURE has currently received approval on its franchise FDD in the following states: Alabama, Alaska, Arizona, Massachusetts, Mississippi, Missouri, Oregon, Pennsylvania, Tennessee, Arkansas, Montana, Vermont, Colorado, Delaware, Nevada, New Hampshire, West Virginia, Wyoming, District of Columbia, Idaho, New Jersey, New Mexico, Iowa, Ohio, Kansas, Oklahoma, Florida, Kentucky, Nebraska, Texas, Utah, Indiana, Michigan, South Dakota, Wisconsin, North Carolina and South Carolina.
Siskey Capital, LLC is a private merchant bank based in Charlotte, North Carolina and is the lead investor and financial partner to KURE Corp. The firm acts as financial partners in assisting emerging companies accomplish their near to long-term goals. Siskey Capital's participation in any opportunity is primarily partnership driven, using its own capital, while providing extensive financial, structural, and growth and risk management expertise. Its founders and principals have over three decades of successful merchant banking, venture capital, international business and entrepreneurial backgrounds.
This press release contains forward-looking statements. Any statements contained herein which do not describe historical facts, including but not limited to, statements regarding: (i) our business; (ii) expectations about our business and future of its market; (iii) expectations regarding future intentions we plan on undertaking as part of our business plan; (vi) beliefs about the consumer adoption of our industry and our goal of bringing new innovative products to consumers, are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially. We disclaim any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
SOURCE Siskey Capital, LLC; KURE Corp.
KURE Franchise LCC