Smokefree Innotec: 2010 in Review and Update for the New Year
January 10 2011 - 4:30PM
Marketwired
Smokefree Innotec, Inc. (PINKSHEETS: SFIO), an established
international distributor of e-cigarettes (http://www.sfio.us or
http://www.realsmokefree.com), announced today through its
President and CEO Thomas Schroepfer, that "For the New Year we have
moved our business office to 2300 W. Sahara Avenue, Suite 800 in
Las Vegas, Nevada 89102. Details can be found on our web site.
Also, I want to wish all Smokefree shareholders a prosperous and
Happy New Year, and let them know that we are dedicated 24/7 to
creating value for the shares of SFIO, and are constantly seeking
out and implementing solutions that work for everyone in our
business model, to the benefit of Smokefree Innotec, its partners,
and its shareholders."
The Company has experienced significant growth while overcoming
setbacks in 2010, particularly in the effect of changing regulatory
positions in both the U.S. and internationally. The year began with
the Euromarket countries (except Germany) adopting surprise
restrictions on marketing nicotine products, and ended with
Australian and U. S. regulations being relaxed on such marketing
for e-cigarettes. While European markets generally restricted our
products to non-nicotine lines, we entered into joint ventures to
expand our offerings to successfully include non-nicotine flavored
products. In the U.S. we are now about to offer all products,
including new flavors presently in testing, through our web site
with the convenience of ordering online through shopping carts.
This approach will be replicated throughout all of our
international markets as we begin an aggressive branding program
for Smokefree Innotec.
George Roth, CFO added, "The harsh chaotic December winters
suffered by Europe have significantly impacted our progress in
those markets, but we intend to resume our marketing activities to
place our products on countertops in convenience stores throughout
those markets, with a more flexible pricing structure. Similarly,
opportunities to replicate this approach here in the U. S have been
brought to us and are under negotiations. We are seeking out
additional distributors and invite all interested parties to
contact me regarding qualifications."
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.
Contact: Smokefree Innotec, Inc. George Roth CFO +1
949-309-2778
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