v2.4.1.9
7. Asset and Business Acquisition
9 Months Ended
Sep. 30, 2014
Business Combinations [Abstract]  
ASSET AND BUSINESS ACQUISITION

A1 Vapors, Inc. – Share Exchange Agreement

 

On August 14, 2014 FreeButton entered into an exchange agreement (the “Exchange Agreement”) with A1 Vapors, Inc. Under the terms of the Exchange Agreement, the shareholders of A1 Vapors, Inc. received 21,000,000 newly-issued shares of FreeButton’s Common Stock in exchange for all of A1 Vapor’s outstanding Common Stock. A1 Vapors, Inc. has become a wholly-owned subsidiary of FreeButton. The acquisition has been treated as a recapitalization of the Company with Al Vapors as the accounting acquirer in accordance with the Reverse Merger rules. As a result of the proposed consummation of the Share Exchange Agreement A1 Vapors, Inc. will become a wholly-owned subsidiary of the Company and the electronic vapour cigarette industry will become the primary business of the company.