Vape Holdings, Inc. entered into an agreement to acquire PeopleString Corporation (OTCPK:PLPE) (‘PLPE') in a reverse merger transaction on August 9, 2013. The transaction will be structured as the acquisition by PeopleString Corporation of Vape Holdings, Inc. in exchange for 187.38 million shares representing 74.95% of the total issued and outstanding common stock of PeopleString Corporation. The transaction is subject to third party consents and regulatory approvals.

Upon execution of the agreement, all of the Board Members of PLPE shall resign. The transaction is expected to be completed by July 31, 2013. Lawrence W. Horwitz, Esq.

of Horwitz, Cron & Armstrong, LLP acted as legal advisor for Vape Holdings, Inc.