Smokefree Innotec, Inc. Signs Distribution Contracts with TDM of South Africa
23 September 2009 - 2:30PM
Business Wire
Smokefree Innotec, Inc. (Pink Sheets: SFIO) (www.sfio.us or
www.smokefree-innotec.com) announced today that it has concluded
and signed exclusive distribution contracts with TDM of the
Republic of South Africa. The long-term relationship that TDM’s GM,
Norman Knight, and Smokefree Innotec C.E.O., Thomas Schroepfer,
sealed today provides that over the next 12 months TDM will
purchase a minimum of US$1,200,000 of the Company’s totally new,
smoke-free, Hi-Tec cigarette, with annual increases of 10% in
following years.
Thomas Schroepfer, President of Smokefree Innotec, Inc., stated,
“The motivation shown by Norman and his team tells me that we have
made the right choice. We expect a great working relationship with
TDM and are working closely together to launch our products on
short notice.”
Further important announcements regarding new distribution
agreements in other territories are expected in the upcoming
weeks.
About Smokefree Innotec,
Inc.
Smokefree Innotec, Inc. is in the business of designing,
developing, manufacturing and marketing a Hi-Tec, smokeless
cigarette innovation. Real Smokefree is a Patent Pending, odorless,
cigarette-style electronic device and is designed to protect the
non-smoker from second hand smoke and all its effects, while
providing the smoker a way to enjoy a smoke-free cigarette
anywhere, including places where smoking is prohibited. Further,
our products will allow the smoker to enjoy smoking while not
having to worry about the dangers and ill effects of regular
cigarette smoking. Please visit our website, www.sfio.us or
www.smokefree-innotec.com, for more information about the Company
and our new product.
A number of statements referenced in this Press Release are
forward-looking statements, which are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act
of 1995, and within the meaning of Section 27A of the Securities
Act of 1933 and Section 21B of the Exchange Act of 1934. Any
statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
and goals, assumption of future events or performance are not
statements of historical fact and may be “forward-looking
statements.” Forward-looking statements are based on expectations,
estimates and projections at the time the statements are made that
involve a number of risks and uncertainties which could cause
actual results or events to differ materially from those presently
anticipated. Forward-looking statements in this Release may be
identified through the use of words such as “expects,” “will,”
“anticipates,” “estimates,” “believes,” or statements indicating
certain actions “may,” “could,” or “might” occur. Such statements
reflect the current views of Smokefree Innotec, Inc. with respect
to future events and are subject to certain assumptions, including
those described in this release. These forward-looking statements
involve a number of risks and uncertainties, including the timely
development and market acceptance of products, services, and
technologies, competitive market conditions, successful integration
of acquisitions, the ability to secure additional sources of
financing, the ability to reduce operating expenses, and other
factors. The actual results that the Company achieves may differ
materially from any forward-looking statements due to such risks
and uncertainties. Smokefree Innotec, Inc. does not undertake any
responsibility to update the “forward-looking” statements contained
in this news release.
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