DALLAS, Aug. 19, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring alternative cigarette maker Smokefree Innotec Inc. (Pink Sheets:SFIO - News). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Smokefree Innotec Inc. (Pink Sheets:SFIO - News) should be of particular interest to tobacco companies: Philip Morris International Inc. (NYSE:PM - News), British American Tobacco plc (AMEX:BTI - News) and Imperial Tobacco Gro (Pink Sheets:ITYBY - News).
It is available at: http://www.stockpreacher.com/n/SFIO
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Smokefree Innotec Inc. (SFIO) engages in designing, developing, manufacturing and marketing of hi-tech, smokeless nicotine delivery cigarettes. Its odorless cigarette-style electronic devices utilize a liquefied, vaporizable depot of a raw, un-manipulated extract of tobacco.
In the report, the analyst notes:
"In light of the recent concerns about the electronic cigarettes raised by the FDA, the Company stated in July that its electronic cigarette was not among those tested with 'known carcinogens and toxic chemicals,' and is completely different from those tested as it does not use any kind of transponder substance. Going forward, the Company's product is planned to be introduced in August in selected pilot markets.
"Moving its European marketing strategy forward, the Company recently announced its has received the Real Smokefree starter kits at its European offices in Antwerp, Belgium from the production line, and will begin to test market the new product next week. In related news, the Company has appointed Manfred Bogaert as General Manager of its European operations. ... Prior to these developments, the Company has formed a wholly-owned subsidiary in Antwerp, Belgium, Smokefree Innotec PvbA, which is in close proximity to the Company's distributor in the Benelux countries."
To read the entire report visit: http://www.stockpreacher.com/n/SFIO
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