Smokefree Innotec Announces Access to New European Production and Distribution Facilities
20 Juli 2010 - 3:00PM
Business Wire
Smokefree Innotec, Inc. (Pinksheets: SFIO) Thomas Schroepfer,
CEO, (http://www.sfio.us or http://www.realsmokefree.com) today
stated that his extended European trip, undertaken at his own
expense, has resulted in SFI developing new and significant
contacts for new product marketing and production, in addition to
solidifying existing arrangements for Euromarketing of current SFI
product lines. Upon his return this past weekend, he informed the
SFI Board of Directors that he had conducted a review with Manfred
Boegart, SFI Director of European Operations, of all SFI
relationships with its existing distributors, and found that any
impediments and missing actions had been successfully dealt with
and resulted in establishing stronger and more effective channels
for SFI nicotine and non-nicotine flavored product distribution. He
stated recent shipments to fill orders evidence that, and details
of sales and scheduled shipments against SFI bank lines of credit
will be released to the public pending approvals by customers to do
so.
Mr. Schroepfer went on to state that he is finalizing
negotiations to acquire new smokefree cigarette products already in
distribution in Europe, and gain access to such additional new
distribution for existing SFI products, details to be released as
agreements are executed. He further informed the Board that an
additional source for smokefree cigarette production equipment has
been contacted to arrange for the import of that equipment for
commencement of production within the United States.
Summarizing his trip, Mr. Schroepfer stated, “In my view, a
great deal was accomplished in reinforcing confidence, enhancing
our market position, and moving existing distribution arrangements
forward to the complete satisfaction of our customers, as well as
developing new channels and accessing new products and
manufacturing capabilities. Shipments are in process to key
distributors, but it is premature to disclose details and names at
this time to avoid unwarranted attempts by unauthorized outside
parties to contact them, which interferes with our relationships
with these distributors, some of whom have already expressed to us
deep resentment and dissatisfaction with any such attempts.”
About Smokefree Innotec, Inc: www.smokefree-innotec.com
Smokefree Innotec, Inc. is in the business of designing,
developing, manufacturing and marketing hi-tech, nicotine and
non-nicotine cigarette-like delivery devices which are 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 either nicotine or flavored
non-nicotine cigarettes while not having to worry about the
offensive dangers and ill effects of regular cigarette smoking.
However Smokefree Innotec products are not intended for any
prevention or therapeutic treatment of any disease.
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. Disclosures made in this Press Release are
limited by good business practice and to that permitted to the
public by applicable securities regulations, both Federal and
State, including rights granted to shareholders under the Nevada
Revised Statutes NRS 78.257 regarding limitations of preferential
and selective disclosure of confidential Company information.
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