NASCO Teams with Smokefree Innotec in Joint Venture for International Distribution
14 Juni 2010 - 3:00PM
Business Wire
Ralph Angiuoli, Chairman of NASCO Specialty Brands, LLC. and
former President of R.J. Reynolds Tobacco, and Thomas Schroepfer,
CEO of Smokefree Innotec Inc. (PINKSHEETS: SFIO) (www.sfio.us or
www.smokefree-innotec.com) announced today that they have signed a
joint venture to develop new national and international branding
and distribution of their respective company products. Mr. Angiuoli
stated, “We look forward with enthusiasm to SFI’s applying its
proprietary methods to NASCO’s tobacco-free cigarette products,
already in worldwide distribution, to create additional new
products dispensing nicotine employing SFI’s nanotechnology and
NASCO’s packaging and manufacturing capabilities.”
Mr. Schroepfer added “We are very pleased to cement our
relationship with NASCO, an experienced company, to what we feel to
be profitable for both corporations and their shareholders. We look
forward to expanding this relationship into additional products and
distribution channels worldwide. SFI’s penetration into the
international market is already rapidly expanding as reflected by a
$70,000 initial order received from one of the largest vending
machine operators in the European Union, with over 70,000
locations.”
The management of both companies acknowledged their appreciation
that they were brought together in this joint venture as another
one of the successful business partnerships initiated by Leading
Points Corporation, (www.leadingpoints.com) whose mission is
matching industry leaders in order to capture market share.
About Smokefree Innotec, Inc:
www.smokefree-innotec.com
Smokefree Innotec, Inc. is in the business of designing,
developing, manufacturing and marketing a hi-tech, nicotine
delivery cigarette-like device which is completely smoke and
vapor-free and tobacco-free. Smokefree Innotec’s products are
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 tobacco or
similar substances is prohibited. Further, our products will allow
the smoker to enjoy smoking while not having to worry about the
offensive dangers and ill effects of regular cigarette smoking.
About NASCO Specialty Brands, LLC:
NASCO Specialty Brands, LLC designs, develops, manufactures,
markets and distributes a variety of smoking cessations products.
Our management team has over 90 years of experience in the
industry, lead by Ralph Angiuoli Sr. former President of R.J.
Reynolds Tobacco Company and Barry Saintsing, Sr. former Master
Product Developer of R.J. Reynolds Tobacco Company. NASCO has
offices, warehouse, and an R & D lab in the Winston-Salem area
of North Carolina. NASCO develops leading edge technology to
address current issues/regulations that smokers face in their
everyday situations such as workplace, restaurants, and airports,
etc. Products such as our Smokers Option and E Cigarette address
all of the above issues.
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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