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SOURCE International Display Advertising, Inc.
SCOTTSDALE, Ariz., Nov. 5, 2013 /PRNewswire/ -- International Display Advertising, Inc. (PINKSHEETS: IDAD) ("IDAD") The Company is very pleased to announce that it has entered into a Private Label Distribution Agreement with Prive Holdings Corp. for the Prive Brand of electronic cigarettes. The initial term of this Agreement is for three years commencing the effective date of this agreement on November 1, 2013. IDAD's territory within this agreement is comprised of the entire United States including the States of Alaska, Hawaii and any of its off-shore territories where it has governing authority.
Prive is an upscale lifestyle brand - If you have been looking for a change in your lifestyle, or searching for an alternative to cigarettes without all the restriction and negative effects, then IDAD has the solution. The Prive Electronic Cigarette will allow you to "Enjoy the Freedom" of smoking without all the harsh chemicals or inconveniences of tobacco cigarettes.
E-cigarettes are known as "personal electronic vaporizing units" (PEVUs) allow adult consumers to simulate the physical act of smoking traditional tobacco products. PEVUs do not burn tobacco because there is no combustion. PEVU users (commonly known throughout the world as "Vapers") enjoy this alternative consumer experience without suffering the imposition of offensive odors, tar and ash which traditional smokers and those around them, find so undesirable.
Jason Torres, President of International Display Advertising, Inc. stated, "I am very excited to have this opportunity to take on the leadership for IDAD by bringing along some of my existing projects in progress and also to develop new business opportunities to increase growth, profitability and shareholder value for IDAD. Our new co-venture and exclusive distribution agreement with Prive provides investors a means to not just enter, but to exponentially leverage into the $1.7 Billion e-cigarette market that is taking an increasing share of the $800 Billion global tobacco industry. This represents only one of many potential co-venturing agreements that IDAD is currently developing."
Incoming IDAD Company President, Mr. Torres studied Architecture in San Francisco and spent one year in an honors internship program at a prestigious Architecture firm in The Netherlands. In 2002 he started his professional career at a luxury design build firm in San Francisco. In the following years he focused his interests on the design industry, working for notable architecture and design firms in San Francisco from 2002 to 2008. In 2007 he began to pursue his interest in the Luxury Automotive industry combining his knowledge with design he took a Designer position in San Francisco to design the new Ferrari San Francisco retail store along with other Luxury Boutique retail stores. Mr. Torres is a dynamic manager with broad ranging experience gained in project management and in recent years with start-up ventures.
In other corporate developments, the Company announces that the International Marketing Rights Agreement with Display Points Technologies LLC was terminated on August 21, 2013. This is in conjunction with the resignation of David Hazzard as President and Chief Executive Officer of International Display Advertising retroactive August 21, 2013
About the Company; International Display Advertising (IDAD) International Display Ads is a proactive and versatile Company actively involved in the domestic and international co-venturing, financing, marketing, distribution and branding of the hottest up and coming companies and products. For additional information, please visit: http://www.intldisplayads.com
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