mCig, Inc. Provides VitaCig, Inc. Spinoff and Dividend Update

mCig, Inc. Provides VitaCig, Inc. Spinoff and Dividend Update

BELLEVUE, Wash., May 30, 2014 (GLOBE NEWSWIRE) -- mCig, Inc. (OTCQB:MCIG) is
pleased to provide its investors with an update on the status of the VitaCig,
Inc. subsidiary spinoff and pro-rata dividend.

On April 21, 2014, VitaCig, Inc. (an mCig, Inc. subsidiary) filed for an IPO
(Initial Public Offering) with the Securities and Exchange Commission (SEC)
under form S-1. The form in its entirety can be viewed on the SEC website by
visiting this url:

http://www.sec.gov/Archives/edgar/data/1604906/000137647414000117/vcig_s1.htm

Form S-1 is a disclosure document that registers shares for resale with the
SEC. Once an S-1 is declared effective by the SEC, every share registered
becomes freely tradable and the company filing the document (in this case
VitaCig, Inc.) becomes eligible for public listing.

In VitaCig's case, the shares being registered totaling 250,000,000 represent
the amount of shares that will be paid out as a dividend to existing mCig,
Inc. shareholders on a one (1) for one (1) basis such that every mCig, Inc.
shareholder with one (1) share will receive one (1) share of VitaCig, Inc.
that will be freely tradable following an effective declaration from the SEC.

mCig, Inc. is pleased to report that on May 16, 2014 the company received an
initial round of comments from the SEC. The company's legal counsel is
currently preparing an amended S-1 that will be filed with the SEC by June
15^th, 2014. At that point, the SEC may return with additional comments or
alternatively, declare the registration statement effective which in turn
would allow VitaCig, Inc. to obtain a stock symbol and begin trading on the
OTC Exchange.

The company wishes to remind shareholders of mCig, Inc. that the effective
date for the VitaCig, Inc. dividend will be the same date that the SEC
declares the S-1 effective.

"We have received an overwhelming amount of investor communication regarding
this topic. Unfortunately, there is not a faster way to pursue a public
listing with a pro-rata dividend other than filing for a new IPO as we have
done. I want to stress that we remain committed to this process and will do
everything in our power to see that VitaCig, Inc. obtains a public listing
expeditiously. We are even more excited about the prospects of VitaCig, Inc.
which is growing in popularity at a much faster rate than mCig," said Paul
Rosenberg, CEO of mCig, Inc.

About mCig, Inc.

mCig, Inc. (OTCQB: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 – the
world's most affordable vaporizer priced at only $10. Designed in the USA –
the mCig 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 2.0. Through its wholly owned subsidiary, VitaCig, Inc. the
company manufactures and retails the VitaCig, a $2 nicotine-free eCig that
delivers a water-vapor mixed with vitamins and organic flavors. Through its
wholly owned subsidiary, LiqCig, Inc. the company is engaged in the
development of the world's first pre-packaged alcoholic eCig. See more at:
http://www.mCig.org/, www.Vapolution.com, 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. (OTCQB: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 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
         (425)462-4219
 
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