NASHVILLE, TN--(Marketwire - 10/21/09) - Smokefree Innotec, Inc. (Pinksheets:SFIO - News) (www.sfio.us or www.smokefree-innotec.com) announced today that it has concluded and signed exclusive distribution contracts with Bryant West Pty. Ltd. for Australia and New Zealand. The arrangement with Bryant West foresees a minimum of US $1,200,000 of Smokefree Innotec's totally new, smoke-free, Hi-Tec cigarette to be purchased over the next 12 months.
Thomas Schroepfer, President of Smokefree Innotec, commented, "With the new contract signed we already have commitments in place for US $3,000,000.00 worth of sales over the next twelve months. New Zealand is a trendsetter as far as policies regarding smoking alternatives are concerned and we are now in the forefront of these developments with Brendan Jackson and his team introducing our revolutionary product down under."
In addition to the recent representation arrangements for South Africa, Australia and New Zealand, Smokefree Innotec expects to make further important announcements regarding other major territories on short notice.
About Smokefree Innotec, Inc.:
Smokefree Innotec, Inc. is in the business of designing, developing, manufacturing and marketing a Hi-Tech, smokeless cigarette innovation. Real Smokefree is a Patent Pending, odorless, cigarette-style electronic device and is 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 smoking is prohibited. Further, our products will allow the smoker to enjoy smoking while not having to worry about the dangers and ill effects of regular cigarette smoking.
For more information please visit our website at: www.sfio.us or www.smokefree-innotec.com.
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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.
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