Smokefree Innotec Committing to European MLM Relationship Yielding Potential Revenues up to US $25 Million
January 28 2010 - 10:00AM
Marketwired
Smokefree Innotec, Inc. (PINKSHEETS: SFIO) (http://www.sfio.us or
http://www.realsmokefree.com) announced today that its European
subsidiary, Smokefree Innotec BvbA, is entering into a contractual
relationship with multi-level-marketing (MLM) operator MOMAQ for
their distribution of the REAL SMOKEFREE product through their
worldwide MLM structure. MOMAQ plans to kick off the program in the
Benelux, with fast expansion into Germany, France, Italy and Spain.
The terms of the contract provide that MOMAQ place the first order
of 5,000 introduction kits. It also provides that MOMAQ guarantees
Smokefree Innotec a minimum sales quantity of 250,000 starter kits
per year.
Smokefree Innotec BvbA General Manager Manfred Bogaert stated,
"This relationship now being undertaken with Matthieu Bout and
MOMAQ is projected to create estimated yearly revenues in REAL
Smokefree starter kits of 7.5 million Euro or US $11 Million. Even
if we would rely on follow-up sales of only 10 filter packs per
starter kit, the whole arrangement could grow to at least US $
25,000,000 per annum in gross revenues under this contract with
MOMAQ."
He added: "The aggressive media approach of MOMAQ and the
word-of-mouth-campaigns of its employees and agents will contribute
to the rapid sales and use momentum of REAL Smokefree, the world's
first totally smoke and vapor free hi-tec cigarette."
For more information please visit our website at: www.sfio.us or
www.smokefree-innotec.com.
Video format:
http://www.vodnewswire.com/vodnewswire/news/smokefree-20100128/
About MOMAQ:
MOMAQ is a Benelux multi-level distribution and sales business
located in Antwerp, Belgium led by Matthieu Bout and Leo
Stroobants. According to MOMAQ, they have successfully conducted
worldwide MLM marketing activities, and Mr. Stroobants has appeared
on U.S national television talk shows regarding his MLM successes.
MOMAQ was born out of a group of professional individuals,
specialized in MLM & direct sales, with potential distribution
networks worldwide. MOMAQ partners have successfully launched
various MLM structures in Europe and Abroad for Cosmetics, food
supplements and phone applications. Matthieu Bout stated "We
sincerely hope to become a full partner of Smokefree Innotec and
strongly believe to be able to reach projected success in
distributing the REAL SMOKEFREE products in a large MLM network far
over the borders of the Benelux and Europe."
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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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Contact: Smokefree Innotec, Inc. Kim Carroll, Investor Relations
+1 949 630 9831 StockProfiler.US Andy Emanuel +1 603-424-4422
andyemanuel@StockProfiler.USLLC
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