Wellstone Filters to Distribute in Eastern Europe
November 22 2004 - 3:51PM
PR Newswire (US)
Wellstone Filters to Distribute in Eastern Europe DURHAM, N.C.,
Nov. 22 /PRNewswire-FirstCall/ -- Wellstone Filters (OTC:WLSF)
(BULLETIN BOARD: WLSF) announced today that its representative in
Eastern Europe is meeting with potential manufacturers and
distributors of Wellstone's line of cigarettes in Russia and
Ukraine. The Eastern European cigarette market is rapidly growing,
and constitutes one of the principal industries receiving foreign
investment in the former Soviet Bloc. In Russia, the fourth largest
tobacco market in the world, 70% of men and 30% of women smoke,
with similar percentages for Ukraine and Belarus. The industry
trends in Russia and Ukraine are different -- In Russia consumers
are moving toward less expensive filter cigarettes, while
Ukrainians are moving up to medium and premium cigarettes as
economic conditions improve. In all of the region smokers are not
brand loyal and there is ample opportunity for a new brand to earn
market share. Wellstone believes that its patented filter
formulation removes tars and certain carcinogens, while providing
better taste. However, any claim as to the benefit of any Wellstone
cigarette to be sold will be made within the parameters prescribed
by the Federal Trade Commission. Wellstone emphasizes that NO
cigarette is safe. This corporate communication by Wellstone is not
intended to induce any person to purchase future Wellstone tobacco
products. ABOUT THE COMPANY Wellstone Filters, Inc. has developed
and patented filter material that removes certain carcinogens and
other toxins produced when tobacco is smoked without removing the
compounds thought to be associated with the pleasurable effects of
smoking. Wellstone seeks to promote material for cigarette filters
that will enable cigarette manufacturers to provide consumers with
an equally enjoyable cigarette with substantially fewer
carcinogens. For more information, please see
http://www.wellstonefilters.com/ or call Investor relations at
303-620-9194. In addition, all current shareholders, and interested
parties should sign into our private Corporate Guest Book,
http://www.corporateguestbook.com/?WLSF to receive timely updates
and information on any future developments as they happen. Note:
Except for the historical information contained herein, this new
release contains forward-looking statements that involve
substantial risks and uncertainties. Among the factors that could
cause actual results or timelines to differ materially are risks
associated with research and clinical development, regulatory
approvals, supply capabilities and reliance on third- party
manufacturers, product commercialization, competition, litigation,
and the other risk factors listed from time to time in reports
filed by Wellstone with the Securities and Exchange Commission,
including but not limited to risks described under the caption
"Important Factors That May Affect Our Business, Our Results of
Operation and Our Stock Price." The forward-looking statements
contained in this news release represent judgments of the
management of Wellstone as of the date of this release. Wellstone
and its managers and agents undertake no obligation to publicly
update any forward-looking statements. DATASOURCE: Wellstone
Filters, Inc. CONTACT: Wellstone Filters, Inc., Investor relations,
+1-303-620-9194 Web site: http://www.wellstonefilters.com/
http://www.corporateguestbook.com/?WLSF
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