SOURCE: Smokefree Innotec, Inc.

Smokefree Innotec, Inc.

January 12, 2010 10:49 ET

Smokefree Innotec, Inc. Joins Information Portal StockProfile.com

NASHVILLE, TN--(Marketwire - January 12, 2010) - Smokefree Innotec, Inc. (PINKSHEETS: SFIO) (http://www.sfio.us or http://www.realsmokefree.com) announced today that it has joined www.StockProfile.com, a customized web-based platform showcasing emerging growth stocks, with a view towards extending its brand awareness within the investing community.

StockProfile.com provides access for the investing public to a free unique information portal for those investors who as members of Stockprofile.com choose to conduct their own research and make their own investment decisions. The platform allows their members to review and investigate dynamic publicly traded companies in a user-friendly environment.

Smokefree Innotec has launched the first totally smoke-free hi-tec cigarette REAL Smokefree. C.E.O. Thomas Schroepfer, President of Smokefree Innotec, Inc., stated: "The extent of industry influence created by our international momentum is rapidly growing, and this is the year we will start gaining our share of the 5.5 Billion dollar smokers market. We want the world to know what we are achieving and StockProfile.com is an ideal medium to spotlight and communicate that information."

The company recently improved their distribution-arrangements for South Africa, Australia, New Zealand and Japan with a consortium led by T.D.M. Mr. Schroepfer further stated that, "In my opinion, the formation by a prominent law firm of a joint venture company underway in South Africa and the appointment of Viv Hansen and Mehboob Adam as the directors of that South African Limited Liability company could consequently provide a US$ 3M turnover for our business in South Africa. In Europe the company has successfully negotiated to implement significant deals for distribution through vending machines and retail sales outlets in Germany, Belgium and the Netherlands with deliveries scheduled this month. For South America arrangements are in place to launch this year in Brazil and Argentina. Based on these current commitments the management projects revenues approaching US$ 20M for 2010."

For more information about Stockprofile.com, or if you are interested in viewing Smokefree Innotec, Inc.'s profile, please visit www.StockProfile.com.

For more information please visit our website at: www.sfio.us or www.smokefree-innotec.com.

View this release in video format: http://www.vodnewswire.com/vodnewswire/news/smokefree-20100112/

A brief description of the Smokefree business model follows.

According to research, it is estimated that worldwide consumption of cigarettes per year stands at 5,500 billion. The smokers market (regular tobacco products and substitutes combined) totals a turnover of US $1.8 trillion per annum. The WHO anticipates the number of smokers worldwide to increase from currently 1.4 billion to 1.6 - 2.0 billion in the medium term, depending on the development of the population. As a minor decline is to be expected in the western world, due to increasing smoking bans, major increase will occur in developing countries in Africa and the Far East. Smoking bans and/or limitations are becoming effective on a daily basis in countries all around the world. The question as to how long it will take Smokefree Innotec, Inc. (SFI) to penetrate all these market places is answered not only by the marketing strategy implemented but also by the amount of capital and production capacity available. One of the corporation's founding shareholders is Dr. Robert Wang, a Swedish national living in Shanghai with an impressive background in innovative technology. He has been spending the recent years developing microelectronic devices for smokeless cigarettes that would satisfy even the sophisticated smoker. SFI is actively developing the existing patent applied for 'smokefree cigarette' to a marketable product and schedules the launch of a commercial product in the course of 2010. The SFI 'smokefree cigarette,' producing no artificial smoke or vapor, is targeted for use by smokers in areas where smoking is restricted such as offices, airplanes, restaurants and other public places. SFI will facilitate those smokers who do not want to quit and wish to continue smoking, without the appearance of smoking, in an increasingly restrictive and sometimes hostile public environment. Based on the percentage of smokers in each market, acceptance of the product by smokers is expected to be at 0.1%-0.5% of the smoking population, with participating smokers adapting to smoking an average of 2 to 3 SFI alternatives in the morning and 2 to 3 SFI filters in the afternoon. Assuming that all tranches of financing be completed as scheduled, SFI has developed a business model that will yield more than satisfactory sales revenues in the years to come. In order to achieve its goals, SFI has established offices and teams in Shanghai, China, for R&D and manufacturing; in Antwerp, Belgium, for International Marketing and Distribution; and the Main Office in Nashville, Tennessee, USA. The company continues to need funding to complete R&D (redesign, procedures for mass production); enable its sales management to round off all European Distribution Contracts; afford its marketing staff to initiate in-depth Market Studies and Consumer Tests, create Publicity and Advertising by the beginning of 2010, start Mass Production of electronic parts in China and filters with aroma and tobacco extracts in Europe and support the Launch Markets with adequate Marketing, Promotion and PR spending.

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