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Vapor Corp. Completes $10 Million Private Placement

             Vapor Corp. Completes $10 Million Private Placement

PR Newswire

DANIA BEACH, Fla., Oct. 29, 2013

DANIA BEACH, Fla., Oct. 29, 2013 /PRNewswire/ -- Vapor Corp. (OTCQB: VPCO;
"Vapor", the "Company" or "we"), a leading U.S. based electronic cigarette
company whose brands include Krave®, Fifty-One®, VaporX®, Alternacig®, EZ
Smoker®, Green Puffer®, Americig®, Fumare™, Hookah Stix® and Smoke Star®,
today announced that it has closed the previously announced private placement
with various institutional and individual accredited investors and certain of
its officers and directors of 16,666,667 shares of its common stock at a per
share price of $0.60 for gross proceeds of $10 million.

Roth Capital Partners, LLC acted as the exclusive placement agent for the
offering.

Vapor received net proceeds of approximately $9 million from the private
placement, after paying placement agent fees and estimated offering expenses,
which will be used to fund the Company's growth initiatives and for working
capital purposes.

In conjunction with closing the private placement, the holders of the
Company's approximately $1.7 million of outstanding senior convertible notes,
some of whom are officers and directors of the Company, converted in full all
of these senior convertible notes into approximately 3.9 million shares of the
Company's common stock, whereupon all of these senior convertible notes were
fully extinguished and cease to be outstanding.

The shares of common stock offered in the private placement have not been
registered under the Securities Act of 1933 or applicable securities laws of
any state or jurisdiction. Accordingly, the shares may not be offered or sold
in the United States except pursuant to an effective registration statement or
an applicable exemption from the registration requirements of the Securities
Act and such applicable securities laws of any state or jurisdiction.

Kevin Frija, Chief Executive Officer of Vapor Corp., commented, "This infusion
of capital will allow us to implement our growth initiatives and capture
greater market share as demand for our expanding portfolio of products
increases."

For additional information regarding the private placement, reference is made
to Vapor's Current Report on Form 8-K dated October 22, 2013, as filed with
the Securities and Exchange Commission on October 23, 2013.

About Vapor Corp.

Vapor Corp., a publicly traded company, is a leading U.S. based electronic
cigarette company, whose brands include Fifty-One®, Krave®, VaporX®, EZ
Smoker®, Alternacig®, Green Puffer®, Americig®, Fumare™, Hookah Stix® and
Smoke Star®. We also design and develop private label brands for some of our
distribution customers. "Electronic cigarettes" or "e-cigarettes," are
battery-powered products that enable users to inhale nicotine vapor without
smoke, tar, ash or carbon monoxide. Vapor's electronic cigarettes and
accessories are available online, through direct response to our television
advertisements and through retail locations throughout the United States. For
more information on Vapor Corp. and its e-cigarette brands, please visit us at
www.vapor-corp.com.

Safe Harbor Statement

This press release contains certain forward-looking statements that are made
pursuant to the "Safe Harbor" provisions of the Private Securities Litigation
Reform Act of 1995, as amended. Words such as "expects," "anticipates,"
"plans," "believes," "scheduled," "estimates" and variations of these words
and similar expressions are intended to identify forward-looking statements.
These forward-looking statements concern Vapor's operations, economic
performance and financial condition and are based largely on Vapor's beliefs
and expectations. These statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of Vapor to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Certain of these factors and risks, as well as other risks and
uncertainties are stated in Vapor's Annual Report on Form 10-K for the fiscal
year ended December 31, 2012 and in Vapor's subsequent filings with the U.S.
Securities and Exchange Commission. These forward-looking statements are made
as of the date of this press release, and Vapor assumes no obligation to
update the forward-looking statements or to update the reasons why actual
results could differ from those projected in the forward-looking statements.

SOURCE Vapor Corp.

Website: http://www.vapor-corp.com
Contact: Harlan Press, 1-855-827-6759, harlan.press@vapor-corp.com
 
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