Thursday, April 28, 2011

Penny stock Smokefree Innotec Inc (PINK:SFIO) in news.

Smokefree Innotec Inc
Smokefree Innotec Inc ( PINK:SFIO), an established international distributor of e-ciggerates, announced 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." 

Smokefree has refrained to market ots REAL e-cigarette in the United States pending such a pronouncement by 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."

( Source:MarketWire)


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