Filter Manufacturer Signs Exclusive Contract With Smokefree Innotec
May 06 2011 - 10:47AM
Marketwired
Smokefree Innotec, Inc. (PINKSHEETS: SFIO), an established
international distributor of e-cigarettes, (http://www.sfio.us or
http://www.realsmokefree.com) declared more good news today through
its President and CEO Thomas Schroepfer, that the long waited
worldwide distribution contract for the filter used by SFIO has
been executed at last in favor of SFIO as its exclusive distributor
worldwide. Operating under a tacit agreement until now, the
Company's needs have been supplied by this international
manufacturer for almost three years. Quoting in part from its
contract with SFIO, "...the Company appoints the Distributor as its
exclusive distributorship of the Products in the Territory and the
Company will not sell the Products in the Territory to another
distributor and will not sell the Products itself within the
Territory." What's covered by this exclusive distributorship
contract is described as "Smokefree Innotec Cigarette Filter,
Containing of: mouth piece filter (25 x 8.3 x 6 mm inner bore),
depot filter (14.5 x 6.1 x 1 mm inner bore) and flavour
with/without nicotine."
This exclusive contract, coupled with our excusive patents,
together with the revised regulatory positions relative to
e-cigarettes, sets the stage for this month's internet launch of
our products into the U.S. Market.
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 vapor
emissions or 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
Starfleet Innotech (PK) (USOTC:SFIO)
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