Victory for Smokefree Innotec e-Cigarettes
26 Abril 2011 - 5:30PM
Marketwired
Smokefree Innotec, Inc. (PINKSHEETS: SFIO), an established
international distributor of e-cigarettes (http://www.sfio.us or
http://www.realsmokefree.com), echoed the good news today through
its President and CEO Thomas Schroepfer, that "The Food and Drug
Administration said Monday it plans to regulate smokeless
electronic cigarettes as tobacco products and won't try to regulate
them under stricter rules for drug-delivery devices. The federal
agency said in a letter to stakeholders Monday that it intends to
propose rule changes to treat e-cigarettes the same as traditional
cigarettes and other tobacco products. The news is considered a
victory for makers and distributors of the devices, which continue
to gain popularity worldwide."
(http://news.yahoo.com/s/ap/20110425/ap_on_bi_ge/us_fda_electronic_cigarettes_3)
On the advice of its attorneys in Washington, D.C., Smokefree has
refrained from marketing its REAL e-cigarette in the United States
pending such a pronouncement by the FDA, and now feels vindicated
in its approach to be among only a few companies that have
maintained full compliance with FDA regulations and directives, as
it does around the world where its products are marketed.
George Roth, CFO, added, "With this ruling we feel Smokefree,
along with many other e-cigarette companies, are victorious in the
pursuit of our claims that such products are not drug delivery
devices and not subject to FDA regulations as such. With SFIO's
unique patents we are prepared to comply with any regulation under
tobacco laws in this country and abroad, and are ready now to
aggressively attack the U.S. market with REAL, our novel vapor-less
e-cigarette scheduled for introduction mid-May or earlier. We
intend to be the leader in setting the standards for such smoke
free e-cigarette products throughout the world."
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
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