American Heritage Follows up Positive News with Steep Drop in Price by BrokerBank Securities, Inc.

NEW YORK, March 27, 2014 /PRNewswire/ -- American Heritage Inc. (OTCQB: AHII) E-cigarette maker announced on March 21 that it had sold out of more than 20,000 of its e-cigarette sticks. The news comes nearly a week after the company announced that it had reached agreements to expand its distribution efforts. The company's products will soon be available in more than 400 stores in California, Florida, Texas, New Mexico, New York, and Oklahoma. Only days after announcing expanded distribution of its e-cigarettes, American Heritage, Inc. saw its value slashed by 50 percent.

Despite the two pieces of positive news, investors have turned sour on the stock. On March 25, the company dropped by 50 percent, from $1.40 per share to $0.70 per share. Prior to the steep drop, the company's stock had climbed from $0.05 to $1.60 in only 10 months.

The drop in price seems contradictory to the company's most recent news. Some believe the drop may be related to an ongoing internet and direct mail campaign to promote the company's stock. For all of its efforts in expanding distribution, the company has seen little in the way of financial results. Third quarter 2014 reports show that American Heritage hadn't had any revenue in more than a year and had only $13,000 in cash available.

Are investors spooked by questions about the company's financials and promotional efforts?

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SOURCE BrokerBank Securities, Inc.

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