Smokefree Innotec Opening New Channels of Distribution for Its Non-Nicotine Products in Australasian Markets
October 20 2010 - 4:15PM
Marketwired
Smokefree Innotec, Inc.(PINKSHEETS: SFIO) Thomas Schroepfer,
President and CEO, (http://www.sfio.us or
http://www.realsmokefree.com) announced today that the Company has
received a report today from Brendan Jackson, CEO of Bryant West,
its representative in southeast Asia, that they are another step
closer to placing the SFI's Smokeless products into the
Australasian markets, and opening new channels of distribution for
the non-nicotine Smokers Option in those markets. He reported that
delays caused through earlier submissions to the Australia
regulative authorities --- TGA, NDPSC -- and the subsequent law
rulings of nicotine products being banned, resulted in opening new
channels of distribution for the non-nicotine Smokers Option.
Samples are on final trials with Crossmark, a major chain retailer
in that market. In addition, Mr. Jackson reported that pricing has
been submitted to Toops New Zealand, who besides the normal markets
in retail channels (convenience/liquor/grocery) are additionally
looking at placing Smokers Option into the tertiary channels
(airlines/chemist).
George Roth, CFO, also noted that on June 28, 2010, the
Government of New Zealand announced that beginning on July 1, 2011
smoking will be banned in all of the country's prisons.
Mr. Roth observed, "Since it is estimated that two thirds of New
Zealand's prisoners smoke cigarettes, this could result in SFI's
penetration into a hereto overlooked and untapped market for our
non-nicotine smokeless products which to not require the use of
matches." Mr. Jackson also noted that, "The main reason given for
the smoking ban is that it will improve the health of both inmates
and corrections officers. Besides improved health, if smoking is
banned, inmates will have no need for lighters and matches. These
can and are used to set such things as toilet paper on fire and
thrown at officers. Lighter and matches can also be used to melt
everyday items such as toothbrushes in order to fashion
weapons."
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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