BELLEVUE, Wash., Nov. 7, 2013 (GLOBE NEWSWIRE) -- mCig, Inc. (OTCQB:MCIG) is pleased to announce that as of this morning it is now accepting payments for mCigs in Bitcoin digital currency. Users can choose the Bitcoin method of payment by clicking the "Pay with Bitcoin" button in our online store: http://www.mcig.org/buy-online
The mCig retails for 0.10 BTC and that price includes global shipping to anywhere in the world via USPS International First Class. The company is committed to keeping the price at 0.10 BTC irrespective of the fluctuations in Bitcoin currency as we know many international customers are increasingly relying on Bitcoin to make electronic purchases.
"Bitcoin is a disruptive force in technology and financial markets allowing for a more seamless integration between online commerce and payment processing. We are glad to be early adopters of Bitcoin and look forward to increasing our financial exposure to Bitcoin by selling mCigs into the Bitcoin community. As far as we know, we are one of the only eCig companies to accept Bitcoins and one of the only publicly traded companies to adopt Bitcoins on their Balance Sheet," said Chief Executive Officer Mr. Paul Rosenberg.
Additional benefits of incorporating Bitcoins as a method of payment for mCig:
1) The company pays little to no transaction fees on Bitcoin sales.
2) Bitcoin prices have appreciated by nearly 1,000% in a year providing the company with potential exposure to additional upside via the appreciation of Bitcoins (mCig is mitigating downside risk to Bitcoin prices by maintaining a spread when selling in bitcoins).
3) The Bitcoin community is large and growing with the number of Bitcoins outstanding estimated at several billion dollars. This means that mCig is able to attract a new pool of customers that may have otherwise been outside the targeted demographic.
The mCig - $10, Rechargeable, Reusable, Loose-Leaf eCig designed in the USA
The mCig is a purpose built loose-leaf eCig that heats plant material, waxes, and oils. By combining the benefits of a lithium-ion battery with a mobile heating technology, the mCig provides a more convenient method for consumption of plant material while delivering a smoother inhalation experience. Priced at only $10 dollars, the mCig is not only a revolutionary device but a must-have bargain! Order one today and join the movement! – To order visit: http://www.mcig.org/buy-online
About mCig, Inc.
mCig, Inc. (OTCBB: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 is preparing to launch the mCig – a purpose built loose leaf eCig retailing 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. See more at: http://www.mcig.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. Wells analyst Bonnie Herzog estimates that eCig sales may rise from $1 Billion in 2013 to $10 billion over the next three years.
mCig, Inc. (OTCBB: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.