“I have personally known Anthony for over 40 years and am thrilled that he has joined the Board of Directors of KURE Corp. He will be an invaluable asset to the growth of the company as we continue to rapidly grow into a global brand and industry leader in the vape space,” says Martin Sumichrast, Board member of KURE Corp. and Chairman of Level Brands,
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Martin Sumichrast on JLL Real Estate and Kure Corp
CHARLOTTE, N.C., Jan. 29, 2015 /PRNewswire/ –– KURE Corp (“KURE”) today announced that it has retained JLLwww.jll.com, the largest third-party manager of retail real estate in the United States, to provide project management services and strategic consultation on site selection and development of KURE Vaporium & Lounge locations across the United States.
“Having JLL advise the KURE team is yet another validation of our firm’s growth strategy and corporate vision, which is to become the leading brand and an industry trailblazer in the explosive growth of the e-cigarette and vaping market. We are already experiencing the benefits that JLL’s global platform brings, as evidenced by the approval of construction on a KURE store in a $14 billion National REIT’s AAA space,” said Dave Peterson, CEO of KURE.
Currently, KURE has eight Vaporium & Lounge locations in the Carolinas and Florida that are areas under various stages of development and construction, all scheduled for completion by the summer of 2015.
“KURE stores fill the gap in the ‘vape shop’ market by offering a unique space for products that have a growing consumer base,” said Charlie Owens, Vice President of JLL leading the site selection process. “KURE is a successful operator, and now is the right time for the firm to expand. We are thrilled to facilitate an expected 100 store roll-out throughout key U.S. cities.”
“We believe KURE is executing on its business plan very well. They have a great group of people that’s certainly not new to startups and building businesses. KURE’s US retail expansion plans are definitely ambitious, but with the positive long-term outlook of this industry, we believe the demand is only going to continue to grow significantly. Partners like JLL will not only help KURE’s positioning in the retail market place but add extreme value on how this expansion is carried out strategically and efficiently,” comments Martin Sumichrast, Chairman of Level Brands Inc and a Director of Kure.
KURE Corp, Opens First Vaporium Lounge In Gastonia North Carolina
CHARLOTTE, N.C., Jan. 27, 2015 /PRNewswire/ — KURE Corp (“KURE”), announced today that it has successfully opened its first KURE Vaporium & Lounge in Gastonia, North Carolina on December 26, 2014. KURE Vaporium & Lounge in Gastonia has been under construction since October of last year. It features a custom designed interior that creates a modern yet very welcoming atmosphere for its customers.
“We wanted a feel that was modern, cool, but most importantly inviting. We set out to build something that would set us apart from all other vape shops in the country. Every aspect of KURE, beginning with our store design that includes a specialty coffee bar, numerous customer plug-in areas and really comfortable chairs, to our selection of premium e-cigarette products and juices, was thoughtfully chosen to elevate the customer experience. All of our cabinets, fixtures, and furniture were designed to give our customers a unique ‘vaporium’ atmosphere. We knew it was crucial to our distinction from the typical ‘vape shop’ to openly display our large inventory of products and showcase our large selection of KURE, Juice On Tap, branded juices at our juice bar. We are also proud to remark that the furniture was custom built in North Carolina, home of our corporate headquarters,” comments Stephanie Staffieri, Chief Marketing officer for KURE.
“We are very pleased with the numbers coming from our first location. It’s only been less than 30 days since the store has opened and already we are seeing a significant development of customer loyalty and impressive sales growth each week”, comments David Peterson, CEO of KURE.
“This industry is facing explosive growth and consumer adoption, and we are excited to support KURE in becoming an industry leader in this space within a very short period of time”, says Martin Sumichrast, Chairman and CEO of Level Brands Inc.
Martin Sumichrast joins Kure Corp Board of Directors
Charlotte NC, January 20, 2015 – KURE Corp (“KURE”), announced today its members of the board of directors. David Peterson, CEO of KURE Corp comments, “We want to continue to recruit the best talented leaders and world class directors for our organization. Each of our members has a specific expertise they bring to KURE from finance, real estate, to international business. We are excited to have these recognized professionals as members of our board that will contribute significant value to our long term success.”
The members of KURE’s board of directors are as follows:
Martin A. Sumichrast is the Chairman and CEO of Level Brands Inc. Marty Sumichrast also serves as a Trustee and Chairman of the Nominating and Governance Committee’s of the Babson Capital Growth Short Duration High Yield Fund, Inc. and the Babson Capital Funds Trust, Inc; and is an Executive Director of the Jadeveon Clowney Help-In-Time Foundation, a not-for-profit charity.
Martin Sumichrast on Kure Corp Financing
Charlotte NC, January 14, 2015 – KŪRE Corp (hereinafter referred to as “KŪRE”), a leading global vapor brand, announced today that it has successfully completed $4.25 million in expansion capital financing from institutional and accredited investors. The financing was led by Martin Sumichrast, a Charlotte, North Carolina based merchant banker. The capital will be used primarily to expand KŪRE’s brand and retail store expansion in the United States.
KŪRE’s executives and principals are all seasoned business entrepreneurs with nearly 20 years of individual expertise in taking start-ups from initial incubation to profitability. KŪRE’s support staff has extensive product distribution and industry experience. This financing will enable KŪRE to carry out its business plan to open approximately 8 ‘KŪRE Vaporium & Lounge’ locations across the United States in 2015.
America and Austerity
Martin Sumichrast describes that there has been a period of austerity for the past 4 years. It’s a fundamental response to a decade long financial boom which was based on irrational credit policies.
In other words Martin says, “the hangover always hurts. The goverment ramped up spending, then got the carpet pulled out from under itself. Austerity will taper as the economy rebounds, although very slowly.”
Original Article for Reference:
America Has Had More Austerity Than You Ever Would Have Imagined
JOE WEISENTHAL AUG. 17, 2013, 9:01 AM
Read more: http://www.businessinsider.com/austerity-coming-to-an-end-2013-8#ixzz2cSS0HCxD
High Mortgage rates should ease up credit
Martin Sumichrast states that “We need to get back to a more reasonable standard that takes into account a borrowers complete financial picture and not only a few data points that some bean counter has established.” Martin also expresses,”US Housing needs to become healthy again and reasonable, available credit is the main fuel in the tank that can make this happen.”
Full commentary can be found on The Sumichrast Report.