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#41
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Smokefree Innotec European Subsidiary Obtains Agreement for $425,000 Line of Credit
.Companies:Smokefree Innotec, Inc..Press Release Source: Smokefree Innotec, Inc. On Monday January 25, 2010, 9:52 am EST NASHVILLE, TN--(Marketwire - 01/25/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.realsmokefree.com) announced today that it has been confirmed that the KBC Bank of Brussels, Belgium, has conditionally agreed to open a secured credit line of 300,000 Euros (US$425,000), valid until June 30, 2013 for Smokefree Innotec Bvba, the Belgian subsidiary of Smokefree Innotec, Inc., to finance manufacturing and distribution of its smokefree product. Smokefree Innotec President Thomas Schroepfer stated, "The KBC credit facility and Smokefree Innotec's policy to charge 60% advance payment for each order of REAL Smokefree, the world's first totally smoke and vapor free hi-tec cigarette, will enable SFI adequate financing to meet the increasing demand in 2010. The backing of the Flemish Government is being arranged to secure this banking arrangement." He added: "Our wholly owned European affiliate Smokefree Innotec BvbA received revenues of 53,525.43 Euros ($75,754) in December and has pending 232,500 Euros ($329,057) in January. With our additional financing in place we are looking forward to a very successful year." |
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#42
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#43
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Smokefree Innotec to Start Deliveries to European Casinos
Companies:Smokefree Innotec, Inc. Press Release Source: Smokefree Innotec, Inc. On Thursday February 4, 2010, 9:55 am EST NASHVILLE, TN--(Marketwire - 02/04/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.smokefree-innotec.com) announced today that in the second week of February its European subsidiary Smokefree Innotec BvbA in Antwerp will be delivering the first test-order of 1,000 units of its hi-tec cigarette product to a casino-group in Belgium. Smokefree Innotec BvbA in Antwerp is negotiating with further chains of casinos in Belgium, France and Germany for quick delivery to them of this revolutionary product on short notice for them to continually carry Smokefree Innotec products. Manfred Bogaert, Smokefree Innotec's General Manager of European Operations, who is very happy with the introduction in the Belgian casinos, stated: "Traditionally there's a high percentage of smokers amongst people that visit casinos. Thus we will be able to introduce our product relatively easily to our potential users, with a view towards their complete satisfaction and continued use." We also expect as soon as possible a similar launch by Smokefree Innotec of the world's first totally smoke and vapor free odorless 'hi-tec cigarettes' on European ferry and cruise lines. |
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#44
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NASHVILLE, TN--(Marketwire - 02/23/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.smokefree-innotec.com) announced today that its Belgian Branch Office for Europe, Smokefree Innotec bvba in Antwerp, received last Friday a significant order of 16,000 packs from a large wholesaler in the Benelux. Delivery of this order is planned for March 15th 2010. As of that day, the smokeless product will be distributed within the 8 following weeks to a large network of over 5,000 vending machines all over Belgium. At the end of March Smokefree Innotec will also participate in the retail fair, organized by this wholesaler to present the smokeless product to its network of retailers (17,500 outlets consisting of gas stations, supermarkets, convenience stores, newspaper stands and tobacco shops). At this fair the wholesaler's clients can directly order their goods to be delivered soon after.
GM Europe Manfred Bogaert stated, "I am confident that this important order signals the start to open the market in the Benelux with a well spread network of points of sales where the smokeless product will be available. A press conference will be conducted soon after to initiate an awareness campaign aimed at the smoking audience." SFIO President Thomas Schroepfer declared: "We are finally succeeding in achieving yet another major goal. This important agreement proves that the smokefree products are in demand. As of next month, our products are planned to be available in a network of stores and vending machines well spread all over the Benelux. However, at this stage it is not prudent to name the wholesaler, but we will soon update our shareholders on these confidential details." View this release in video format: http://www.vodnewswire.com/vodnewswi...free-20100223/ About StockProfiler.US StockProfiler.US is a media source for publicly traded companies and investors to come together and discover market opportunities. Public companies can effectively broadcast their message to a targeted audience who come to StockProfiler seeking an advantage by discovering companies in their startup phase or ones who have yet to be discovered by the investment community. 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: Contact:Smokefree Innotec, Inc.Kim CarrollInvestor Relations+1 949 630 9831StockProfiler.US LLCJay HughesCOO+1 603-424-4420jayhughes@StockProfiler.USLLC |
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#45
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Smokefree Innotec Belgium Receives Initial Order for 16,000 Units
.Companies:Smokefree Innotec, Inc..Press Release Source: Smokefree Innotec, Inc. On Tuesday February 23, 2010, 9:00 am NASHVILLE, TN--(Marketwire - 02/23/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.smokefree-innotec.com) announced today that its Belgian Branch Office for Europe, Smokefree Innotec bvba in Antwerp, received last Friday a significant order of 16,000 packs from a large wholesaler in the Benelux. Delivery of this order is planned for March 15th 2010. As of that day, the smokeless product will be distributed within the 8 following weeks to a large network of over 5,000 vending machines all over Belgium. At the end of March Smokefree Innotec will also participate in the retail fair, organized by this wholesaler to present the smokeless product to its network of retailers (17,500 outlets consisting of gas stations, supermarkets, convenience stores, newspaper stands and tobacco shops). At this fair the wholesaler's clients can directly order their goods to be delivered soon after. GM Europe Manfred Bogaert stated, "I am confident that this important order signals the start to open the market in the Benelux with a well spread network of points of sales where the smokeless product will be available. A press conference will be conducted soon after to initiate an awareness campaign aimed at the smoking audience." SFIO President Thomas Schroepfer declared: "We are finally succeeding in achieving yet another major goal. This important agreement proves that the smokefree products are in demand. As of next month, our products are planned to be available in a network of stores and vending machines well spread all over the Benelux. However, at this stage it is not prudent to name the wholesaler, but we will soon update our shareholders on these confidential details." |
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#46
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Smokefree Innotec, Inc. (SFIO) Meets Financial Requirements for $400,000 Bank Line of Credit
.Companies:Smokefree Innotec, Inc..Press Release Source: Smokefree Innotec, Inc. On Monday March 15, 2010, 9:00 am NASHVILLE, TN--(Marketwire - 03/15/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.realsmokefree.com) announced today that by lodging 100,000 Euros (approximately $135,000) as a required pledge, the company has met the basic financial requirements for a line of credit being granted by a prominent European bank. In addition, SFI is pledging receivables and inventory of its Belgian subsidiary Smokefree Innotec, Inc. bvba in the amount of 200,000 Euros, bringing the pledge for the line of credit to 300,000 Euros or $408,000 in total. The credit line, with a 75% guarantee by the Flemish Government already in place, will be activated upon delivery of a satisfying and duly signed contract already negotiated between a major distributor and Smokefree Innotec bvba. The credit facility will be utilized to pay for listing the product at the distributor's accounts and financing of inventory. Funding for the pledge was derived by the Company from both private placements and gross profits on revenues after expenses. Thomas Schroepfer, SFI President, stated, "In this pledge action we have achieved a major milestone, a step up in accessing institutional financing to expand our business. Speaking on behalf of the officers and all shareholders of SFIO, we appreciate the loyalty and support provided by our investment bankers in their private placement funding of the company's efforts over the past year." |
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#47
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Smokefree Innotec, Inc. Projects Distribution Expansion to 125,000 Outlets
.Companies:Smokefree Innotec, Inc..Press Release Source: Smokefree Innotec, Inc. On Friday March 19, 2010, 6:00 am EDT NASHVILLE, TN--(Marketwire - 03/19/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.realsmokefree.com) released information today regarding its current projections. As previously announced, the line of credit granted by its European bank, and guaranteed by the Flemish government, is being finalized for Smokefree Innotec, Inc. and is anticipated to be available for the company to draw upon within the next 10 days. Consequently, the company is coordinating immediate deliveries for its major distribution company presently under contract, servicing approximately 125,000 vending machines. Requests for delivery terms and conditions are also being received from additional European vending distributors. All funding for inventories are being provided by a combination of the bank financing underway plus purchase order financing being negotiated with various sources, in amounts adding up to a possible aggregate of $20,000,000. However, the company anticipates that customers anxious for deliveries will pay 60% up front at the time of the order, and the balance due upon shipment. The Company is ordering an additional one million filters to warehouse in preparing to meet this level of demand. In reality, preliminary company forecasts conservatively estimate gross profits being generated of up to $1,750,000 annually based on selling only one pack per day from each machine that vends Smokefree Innotec products placed in operation by our distributor currently under contract. Although these estimates were carefully constructed to the best of our knowledge and information available at the present time, there can be no reasonable assurance to a prudent investor that the company will achieve these forecasts totally, even though it is equally possible they may be exceeded; please read the legal disclaimer stated below. |
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#48
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Smokefree Innotec Reports Strong Solid Response From European Retail Convention
.Companies:Smokefree Innotec, Inc..Press Release Source: Smokefree Innotec, Inc. On Wednesday March 24, 2010, 6:00 am EDT NASHVILLE, TN--(Marketwire - 03/24/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.realsmokefree.com) announced today that it has received strong feedback from retail in Belgium. Manfred Bogaert, General Manager of Smokefree Innotec's fully owned European subsidiary Smokefree Innotec BvbA, and sales director Michel Vandergeeten have attended the major Retail Spring Convention in Brussels for Belgian smokeshop, gas station and convenience store owners and their managers and introduced the company's smokeless alternatives. Manfred Bogaert declared, "Feedback from the convention was very positive. A number of shops wrote orders on the spot; other retailers have responded very well to test-smoking demonstrations and have indicated that they intend to place orders within the next days with Smokefree Innotec's Belgian distributor." Manfred Bogaert went on to say, "I feel, based on the results on retail in Belgium and the feedback from the vending machine operators, we are safe in predicting equally strong response in the European countries around Belgium. We are rapidly firming up our presence in Belgium, Holland and Germany on short notice, and looking at France, Spain and Italy to follow in the same manner." Mr. Bogaert was adamant in his declaration that, "Smokefree Innotec is meeting its adjusted timetables, after withstanding the effects of bad weather causing delays, and overcoming interference with our customers and prospective clients from outsiders attempting to contact them by phone and email and create havoc with them. Many of these attacks were from web bloggers and others attempting illegal shorting by 'stock bashing,' and our customers and prospective clients have found no truth in them. Our lawyers have remedied many of these instances with direct legal action, and will aggressively continue to do so to the fullest extent of the law to keep our partners protected against such nuisances. More information is to be found on our web site." |
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#49
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Smokefree Innotec, Inc. Comments on U.S. Navy Submarine Smoking Ban Under Consideration
.Companies:Smokefree Innotec, Inc..Press Release Source: Smokefree Innotec, Inc. On Tuesday March 30, 2010, 6:00 am EDT NASHVILLE, TN--(Marketwire - 03/30/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.smokefree-innotec.com) today reacted to an article in the NavyTimes of March 29 by Lance M. Bacon, staff writer. Mr. Bacon writes: "The smoking lamp will soon be out aboard all subs, according to the Navy's top officer." Admiral Gary Roughead, Chief of Naval Operations Administration, told the Navy Times: "We're going to stop smoking on submarines." The move is not yet official yet. Vice Admiral John Donnelly 'is examining the options of changing the policy of smoking in a submarine to improve the overall health of the entire crew'. According to the Navy Times a final order is likely to come soon. The catalyst for change is the effect of second-hand smoke on crew members who remain submerged for months at a time. "That atmosphere moves around the submarine," Roughead said, "you don't smell it, but the damaging elements from the smoke are still present." Smokefree Innotec, Inc. is a purveyor of smokefree alternatives and recently signed a distribution arrangement for the world's first totally smokefree hi-tec cigarette with Leading Points Corporation. "Leading Points is working diligently to generate market awareness and education, amongst military service members and veterans informing them that a healthier Smokefree option exists," stated Lieutenant Colonel Kevin T.K. Sullivan (US Army Ret.) President of Leading Points Corporation. "Articles such as that found in the NavyTimes reinforce our belief that there will be a dynamic shift in the spending patterns currently involved with military tobacco sales." In 2005, the military sold $611 million worth of tobacco. Sullivan further stated, "Leading Points Corporation has delivered Smokefree product to senior buyers of the military exchange services for consideration. We will provide all necessary oversight to help Smokefree Innotec gain favorable results in this endeavor." |
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#50
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Smokefree Innotec, Inc. Provides Smokefree Alternatives to the Navy
.Companies:Smokefree Innotec, Inc..Press Release Source: Smokefree Innotec, Inc. On Tuesday April 6, 2010, 6:00 am EDT NASHVILLE, TN--(Marketwire - 04/06/10) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (http://www.sfio.us or http://www.realsmokefree.com) announced today that SCOOPDECK, published by the The Navy Times in its March 31, 2010 issue, has featured the Company's products in that issue. Quoting The Navy Times, it stated that "...its product will keep the smoking lamp lit (but smokeless) for the foreseeable future, and with good reason. The military sold $611 million worth of tobacco in 2005 alone." This article was published "...fewer than 24 hours after Navy Times broke the news that a smoking ban on submarines is in the works..." (For full story, visit http://militarytimes.com/blogs/scoop...e-smoking-ban/) Smokefree management feels that this exposure is highly indicative of the attention the military is giving to the problem of tobacco smoking for our troops as a health issue, but previous attempts by military leaders have been rejected and bans delayed because of the imperative need by our battle weary soldiers to enjoy their smoking habits. NOW WITH THE COMPANY'S SMOKE AND VAPOR FREE CIGARETTES THEY FINALLY HAVE THE OPPORTUNITY TO SATISFY THAT NEED WITHOUT HAZARDOUS CONSEQUENCES! The Company chose to enter the military market since the FDA approval was not required for sales and distribution there, and selected Leading Points Corporation to spearhead its entry, headed by Kevin T. K. Sullivan, Lieutenant Colonel, USA (Ret.), and a highly influential retired military officer with a proven record of marketing to the military. His corporation, with a seven member advisory board composed of Chief Warrant Officers to Three Star Generals, successfully introduced SFI's products for evaluation, and secured their acceptance for intended use by military personnel in the U.S. and abroad. Lt. Colonel Sullivan stated "...we anticipate there will be a dynamic shift from monies involved in tobacco sales... to that of smokeless alternatives, (particularly) beneficial to those individuals who have given service to their country." The article appearing in the SCOOPDECK validates and reflects the view held by Company management. Consequently, Smokefree Innotec confidently projects the successful introduction of its smokeless products to over 34 million Americans in the military market with nearly $2 trillion in annual purchasing power. |
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