SOURCE: Smokefree Innotec, Inc.

Smokefree Innotec, Inc.

December 15, 2009 10:00 ET

Smokefree Innotec, Inc. Looking at Major Role in Smoking Patterns in the New Decennium

NASHVILLE, TN--(Marketwire - December 15, 2009) - Smokefree Innotec, Inc. (PINKSHEETS: SFIO) ( or today expressed tremendous faith in becoming a major worldwide player in the smoking industry in the forthcoming decennium. The distribution arrangements that SFIO has executed in the last two quarters of 2009 and the tremendous response of consumer test groups on its Real Smokefree product, the world's first totally smoke-free hi-tec cigarette, and additional products that the company intends to launch, have been major steps forward to achieve the company's goals.

Traditionally the strongest markets for cigarettes are 1) China; 2) the USA; and 3) Japan. SFIO's initial market approach has been towards Western Europe, while Japan, Australia, South Africa and South America are scheduled for roll-out in the first half of 2010. Announcements of partnerships in the US, where the cigarette industry volume is estimated at $65 billion in consumer expenditures in 2009, are expected to be made early in the new year.

Smokefree Innotec CEO Thomas Schroepfer stated, "With all the regulations to curb smoking in public places SFIO aims at deep market penetration. The World Health Organization projects 1.4 to 1.6 billion smokers worldwide for the next decennium. If only 2% of the smoking population would start using Real Smokefree only twice a day at the workplace, we're looking at a turnover of 1,500,000 packs a day or an estimated sales volume of $9 million a day. That would make us a $3 billion industry."

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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.

Contact Information

  • Contact:
    Smokefree Innotec, Inc.
    Kim Carroll
    Investor Relations
    +1 949 630 9831

    World Market Media, Inc.
    Executive Editor
    +1 877 801 8408