Wellstone Obtains Additional Funding
January 31 2006 - 5:13PM
PR Newswire (US)
DURHAM, N.C., Jan. 31 /PRNewswire-FirstCall/ -- Wellstone Filters,
Inc. ("Wellstone") (OTC:WLSF) (BULLETIN BOARD: WLSF) is pleased to
announce that it has received $500,000.00 from Carlson Group Ltd.
and upon receipt of such money issued the lender a promissory note.
The promissory note will mature on December 31, 2007, the interest
rate on the such note is 8% per annum and such interest accrues
annually; the promissory note also requires Wellstone to pay an
additional amount of interest (not more than $25,000) on
Wellstone's net profits after taxes and such additional amount is
due on the maturity of the promissory note. Wellstone is available
for sale in 28 states -- please see map at Wellstonefilters.com.
Licensed direct buying accounts in those states can place their
orders by telephoning 1-866-456-9827, or by e-mail at . Wellstone
believes its patented filter and premium blend tobacco provides a
rich smooth taste. Wellstone's patented filter does not make a
safer cigarette. Wellstone emphasizes that NO cigarette is safe.
This corporate communication by Wellstone is not intended to induce
any person to purchase Wellstone tobacco products. For more
information, please call investor relations at 336-597-8331.
http://www.wellstonefilters.com/ 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, +1-336-597-8331 Web site:
http://www.wellstonefilters.com/
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