Wellstone to Target South American Markets
November 10 2004 - 10:47AM
PR Newswire (US)
Wellstone to Target South American Markets DURHAM, N.C., Nov. 10
/PRNewswire-FirstCall/ -- Wellstone Filters (OTC:WLSF) (BULLETIN
BOARD: WLSF) announced that as a result of the issuance of South
American patents on its proprietary filter formulation, it is
preparing to market Wellstone cigarettes in South America, with
emphasis on the large markets in Brazil and Argentina. Argentina
has about 12 million adult smokers, or about 40% of the adult
population, and Brazil 31 million adult smokers, or 31% of adults,
according to the World Bank. Substantially all the market share in
South America is held by two large multinational tobacco companies.
Wellstone's strategy in South America is to exploit niche markets
by employing its patented filter not only for discount lines but
also for a premium brand. The entry into the South America market
is part of Wellstone's goal to be the largest of the independent
manufacturers. (Photo:
http://www.newscom.com/cgi-bin/prnh/20041110/NYW077 ) 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
responsible for the pleasurable effects of smoking. Wellstone seeks
to promote material for cigarette filters that will enable major
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.
http://www.newscom.com/cgi-bin/prnh/20041110/NYW077 DATASOURCE:
Wellstone Filters CONTACT: Investor relations of Wellstone Filters,
Inc., +1-303-620-9194 Web site: http://www.lowertar.com/
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