Predicate Product Exists: Altria In Negotiations To Acquire

Status
Not open for further replies.

Jon Deak

Full Member
Nov 19, 2014
15
19
Los Angeles
The owners of the predicate product have sent out a Press Release. Ive also included a PDF Attachment of the Press Release in this post.

SOURCE: www. .................................. .com/atlantic-cigs-releases-statement-regarding-predicate-product-negotiations/



Atlantic Vapor
690 W. Dekalb Pike
Suite 2092
King of Prussia, PA 19406

Thursday February 12, 2015

FOR IMMEDIATE RELEASE

Atlantic Vapor Represents Ownership Of The Predicate Product

(Philadelphia) - Atlantic Vapor confirms that they represent ownership of the Predicate Product. Altria has contacted us regarding purchasing the predicate product but at this time no offer was accepted.

Altria has seen the product and are eager to acquire it. They have made a seven figure offer but it was not accepted at this point. The offer was not sufficient nor were there any assurances regarding the overall welfare of vaping and ensuring that smokers have multiple options at their disposal when looking for an alternative to tobacco. The preference is to utilize the predicate product in a manner that best serves the vaping community and the overall goal of seeing tobacco cigarettes relegated to obscurity.

We are also strongly in favor of utilizing the predicate product in a way that promotes jobs and independent entrepreneurship in the United States. We have not heard from RJ Reynolds or Imperial Tobacco but we would consider reasonable offers that are in line with our overall objectives and the objectives of the vaping community.

Our preference is to work with electronic cigarette companies. We understand that relegating e- cigarettes to a select few brands on sale at convenience stores does not best serve the interests of vapers or smokers looking for an alternative. We want to ensure the viability of quality electronic cigarette products and responsibly produced e-liquid as well as considering the future of vape shops.

We are vape shop owners ourselves and understand that the service that we provide smokers at a one on one level cannot be replicated in a convenience store environment where the objective is an impulse buy based on very little background information regarding what the consumer is actually getting.
At Atlantic Vapor in the King Of Prussia Mall, we serve a wide range of consumers and are proud to help them find the right product. We invested in Atlantic Vapor because we understand that vape shops have a vital role in the effort to get tobacco out of the lives of smokers in addition to creating jobs.
We also want to ensure that online sales remain strong as there are many people out there who are unable to go to a vape shop and online price points can give consumers an advantage and help keep prices in line overall.

With FDA regulation looming and constant calls for strict regulation of the e-cig industry, we are fully aware that the predicate product is a critical component to the future viability of a vast number of e- cigarette brands, e-liquid vendors and vape shops around the country. The “substantial equivalence” pathway as defined by the FDA may be a lifeline for e-cigarette companies that do not have the massive resources that will be necessary to establish FDA approval via conventional means.

We look forward to working with potential partners who will share our vision and goals while simultaneously agreeing to a mutually beneficial business arrangement.

In closing, we want to reassure the vaping community that we are keeping your best interests in mind every step of the way.

Atlantic Vapor
Contact: CustomerService@AtlanticCigs.com
 

Attachments

  • Atlantic-Vapor-Press-Release-Predicate-Product-Altria-Deal.pdf
    464.2 KB · Views: 15

sofarsogood

Vaping Master
ECF Veteran
Oct 12, 2014
5,553
14,168
The FDA has enough authority to ruin the US e-cig market but there will be consequences. A lot more people won't quit smoking, a more kids will start smoking, some people will go back to smoking, a lot of economic opportunity will be lost if ecigs are entirely off shore, there will be black markets, a drug war, etc., etc. The only reason to do all this will be to protect the government's own drug trade, their tobacco excise taxes. The FDA isn't stupid enough to do it but it might be corrupt enough to do it.
 

aikanae1

Vaping Master
ECF Veteran
Verified Member
Feb 2, 2013
8,423
26,259
az
Before rejoicing that a predicate product has been found, I suggest you check out their website AtlanticCigs.com and peruse their tanks and eliquid prices.

Yea, I saw they were located in a mall. The mall kiosks around here charge $30 for a standard rebrand 650 mah ego. Right now all we have is their word that this has even happened.
 

Cool_Breeze

Vaping Master
ECF Veteran
Verified Member
Apr 10, 2011
4,117
4,291
Kentucky
I used to listen to The Blues a lot. Now I come here and read 'how bad it's going to be.'

I'm not a close follower of the FDA regulation situation, but it seems to me that what outcomes are projected are based on FDA's position of some time ago. Do we know that the FDA outlook hasn't changed (at all) internally in the past while? Was the FDA stance etched in stone a couple of years ago and thus no evolution has taken place?

I recently posted to a thread directly after Bob Godshall offered some of the old draconian future outlook. I asked him if at the current time he thought the regulations would actually come time like those formed a while back. I don't recall any response to that post.

In all the fretting and hand-wringing I see only doom and gloom and little in the was of action plans or leadership towards a better outcome other than the mostly state and local level offerings of CASAA and company. There are of course some encouragement to contact national representatives and such.

In absence of encouragement towards some positive outcomes for vaping, I might as well return to The Blues. At least the latter often offers a great amount of levity and some promise of a better times.
 

skoony

Vaping Master
ECF Veteran
Jul 31, 2013
5,692
9,953
70
saint paul,mn,usa
I cannot see any feasible way for the FDA to succeed in regulating a box or tube with a battery and maybe a computer chip.
This war, eventually, will be about nicotine...

the system is already in place.
when i reload my prepayed card they scan
my I.D. into the cash register.
places with out the newer systems no longer
sell prepay cards.
all they have to do is make their list of banned
items. make them all point of sale. require a
state I.D. and you sign the touch pad averring
you aren't going to use said items for banned
purposes.
of course this is the doom and gloom version.
:2c:
regards
mike
 

skoony

Vaping Master
ECF Veteran
Jul 31, 2013
5,692
9,953
70
saint paul,mn,usa
The owners of the predicate product have sent out a Press Release. Ive also included a PDF Attachment of the Press Release in this post.

SOURCE: www. .................................. .com/atlantic-cigs-releases-statement-regarding-predicate-product-negotiations//QUOTE]

if you strip away all the we want to help vapers jargon
it sounds like they are going for the licensing.
regards
mike
 

Jman8

Vaping Master
ECF Veteran
Jan 15, 2013
6,419
12,928
Wisconsin
I have to come back to the Boehner letter. To me that letter is not a 'Boehner' thing per se, but is as big of a deal for vaping enthusiasts as this story is hyped up to be. I would argue it is around 3 times bigger than this story's perceived ramifications if vapers are thinking coherently about the politics at work.

I recognize that BT or some other big business (could just as well be BV, or of course BP) would love to corner the eCig market. I think whoever tries will fail. And that failure would be realized in less than a year's time by general society. The failure would be realized by readers of this thread before it even starts. The idea of a vaper being loyal to one company demonstrates incredible lack of understanding about what vaping entails. With smoking, though an ex-smoker may not understand this today, it really was all about taste as to why people stuck with one smoke over another. With vaping, it isn't simply because we have free market going now that there is desire to try many options, it is because vaping is that much different. A black market would arise (and/or DIY wold take over) and hence the failure would be realized very rapidly by anyone paying attention. Here on ECF, I think most already acknowledge this and are well prepared if some sort of cornering of the market were actually going to be attempted.

The Boehner letter moves the grandfather date such that 'predicate product' becomes a political non-issue. If I were trying to corner the vaping market, I would do everything possible to not allow the grandfather date to be changed. I expect that to occur here if this story has any weight. But I also expect vaping enthusiasts, CASAA and political types to realize that this is the direction we must go in, or we will be facing a reactionary battle that will have a bunch of people wondering why we didn't try to fight this harder pre-2017.

And because the Boehner letter exists in shared reality, I don't see why any of us would be overly dismayed. Either we are willing to get behind that now and push it for all its worth, or we are willing to concede to them (Big Whatever) that desires to corner the vaping market. Kinda simple really.

Perhaps I'm overlooking something and would love to discuss this openly. Here. Now.
 

aikanae1

Vaping Master
ECF Veteran
Verified Member
Feb 2, 2013
8,423
26,259
az
I have to come back to the Boehner letter. To me that letter is not a 'Boehner' thing per se, but is as big of a deal for vaping enthusiasts as this story is hyped up to be. I would argue it is around 3 times bigger than this story's perceived ramifications if vapers are thinking coherently about the politics at work.

I recognize that BT or some other big business (could just as well be BV, or of course BP) would love to corner the eCig market. I think whoever tries will fail. And that failure would be realized in less than a year's time by general society. The failure would be realized by readers of this thread before it even starts. The idea of a vaper being loyal to one company demonstrates incredible lack of understanding about what vaping entails. With smoking, though an ex-smoker may not understand this today, it really was all about taste as to why people stuck with one smoke over another. With vaping, it isn't simply because we have free market going now that there is desire to try many options, it is because vaping is that much different. A black market would arise (and/or DIY wold take over) and hence the failure would be realized very rapidly by anyone paying attention. Here on ECF, I think most already acknowledge this and are well prepared if some sort of cornering of the market were actually going to be attempted.

The Boehner letter moves the grandfather date such that 'predicate product' becomes a political non-issue. If I were trying to corner the vaping market, I would do everything possible to not allow the grandfather date to be changed. I expect that to occur here if this story has any weight. But I also expect vaping enthusiasts, CASAA and political types to realize that this is the direction we must go in, or we will be facing a reactionary battle that will have a bunch of people wondering why we didn't try to fight this harder pre-2017.

And because the Boehner letter exists in shared reality, I don't see why any of us would be overly dismayed. Either we are willing to get behind that now and push it for all its worth, or we are willing to concede to them (Big Whatever) that desires to corner the vaping market. Kinda simple really.

Perhaps I'm overlooking something and would love to discuss this openly. Here. Now.

I think the premise of the letter was good and there are strong valid reasons to move the grandfather date. Did you read the SBA comments? There is reason to believe this thing is being rushed prematurely and not all the bases have been covered - and that could be backed by regulation / laws.

I have a strong hunch that no matter what the FDA does, this is ending in court and to do it right, "we" (vaping industry) needs funding. Big time. It still tends to bug me that vaping charity events donate to causes unrelated to vaping. Sorry. I feel greedy and selfish at times about feeling that way.

The good news is the Calf. chapter of SAFTA raised over $100k in less than 3 hours. I think they are aiming for a court battle.
 
Last edited:

Jman8

Vaping Master
ECF Veteran
Jan 15, 2013
6,419
12,928
Wisconsin
If we need funding, it is already there. If we need consumers, alone, to fund the political battle, that's impractical. Name another industry where that is occurring. Either vendor groups and their many investors want to wage this political battle, or they don't. I think many do, and is how the Boehner letter came about.

It kinda seems like consumers are paying for all this one way or another anyway. Vaping is like a 3 billion dollar industry. Where'd all that money come from?
 
Status
Not open for further replies.

Users who are viewing this thread