Federal Court Ruling Opens U.S. Market for Smokefree Innotec Products
09 12월 2010 - 7:55AM
Marketwired
Smokefree Innotec, Inc. (PINKSHEETS: SFIO) an established
international distributor of e-cigarettes, (http://www.sfio.us or
http://www.realsmokefree.com) announced today through its President
and CEO Thomas Schroepfer, that the U.S. market for its nicotine
products has been opened yesterday by The U.S. Court of Appeals for
the DC Circuit affirming a lower court's decision that the FDA was
wrong when it blocked a shipment of e-cigarettes from entering the
U.S. in 2009. It is reported that the federal appeals court ruled
that the FDA cannot regulate electronic cigarettes as a drug or
device as long as makers of the battery-powered cigarette
look-alikes aren't marketed to help people quit smoking, but rather
they are to be regulated simply as tobacco products.
Mr. Schroepfer declared, "This ruling allows SFIO to make giant
strides in commencing marketing and sales of its nicotine products
in the United States. As we announced previously, the Company has
begun its marketing program for sales and distribution in the U.S.
marketplace for its domestically produced non-nicotine product
lines, and this ruling that the FDA lacks the authority to regulate
electronic cigarettes as drugs or devices, and hadn't proved they
are harmful, allows SFIO to now bring its tobacco-free nicotine
e-cigarette and other nicotine products into the United States. Our
attorneys who have been in contact with the FDA are working to
formulate the actions necessary for SFIO to comply with tobacco
product regulations."
"Smokefree Innotec products are not intended for any prevention
or therapeutic treatment of any disease, and are manufactured under
rigid quality control methods to provide a uniform and safe yet
satisfying level of nicotine to be delivered to the user, utilizing
our unique and proprietary patented technology, differentiating
SFIO from other e-cigarettes, and thus contain no harmful
ingredients. I would also like to reiterate that SFIO's marketing
policy is aimed at adult smokers and non-smokers alike, and SFIO
never presents its products in a manner intended to appeal to
children to become users of any nicotine product, or non-nicotine
SFIO product that resembles smoking."
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 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. Sources of
public information regarding the FDA utilized in this press release
include MedPage Today, Bloomberg Businessweek, and Forbes.com
reports.
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
Starfleet Innotech (PK) (USOTC:SFIO)
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Starfleet Innotech (PK) (USOTC:SFIO)
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