going to be huge tomorrow-all good!!!
Company Overview
Smokefree Innotec, Inc. (OTC.PK: SFIO)
smokwfree Innotec Inc. “Smokfree Cigarette” is targeted for use by smokers in smoking restricted areas like offices, airplanes, restaurants, other public places, in homes, around children and other unhealthy areas. SFI will facilitate those smokers, who do not want to quit, and want to continue smoking in an increasingly restrictive and sometimes hostile public environment. In any environment where second hand smoke is a problem. There is absolutely no smoke generated. The smokeless cigarette is a one-time cost and the disposable filters would be approximately same price as a pack of cigarettes.
Technical Aspects and Patent Application
When the smoker starts “smoking” he/she takes the smokeless cigarette and inserts a filter, which contains the aroma and the nicotine, and then takes the first drag. The sensor signals the consequent ‘under-pressure’ to a mini processor unit in the cigarette, which heats up the incoming air the moment the smoker starts inhaling. The heated air evaporates the nicotine and aroma at exactly the right temperature within the filter and then the mix is inhaled by the smoker giving the satisfaction of taste (generated by the smell) and the desired effect of nicotine to the body. The built-in sensor distinguishes whether the smoker sucks on the filter or not. The pressure triggers the intensive heating up of the coil to evaporate the nicotine and aroma in the filter. The key to this process is the instant heating of the air, which is patentable.
A Swiss and European patent attorney stated in a letter to the Company, “I herewith confirm that we have filed on 10 May 2008 the international patent application successfully with the International Bureau of WIPO in Geneva ”. Worldwide patent protection is the Company’s target.
Organizational Structure
SFI is headquartered in Nashville, Tennessee USA, but has established offices and teams in Shanghai, China for R & D and manufacturing; Zurich, Switzerland to coordinate the German speaking territories; Antwerp , Belgium for international marketing and distribution.
Market Size and Marketing Strategy
Worldwide annual consumption of cigarettes stands at 5.5 trillion. In the US the dollar amount is $1.8 trillion per annum. There is a minor decline in the western world, but smoking is increasing in the developing countries, especially in Africa, China and the other countries in the Far East . Contracts have already been put in place with retail distribution companies in pilot markets in Europe . After the pilot test marketing, the smokeless cigarette will be introduced in most countries in the European Union including Spain , Italy , Germany , France , United Kingdom and Scandinavia . Following the European Union, key markets will be entered in the Americas , China , Korea and Japan . SFI intends to enter into cooperation with an international advertising agency with respect to the looks of its packaging, advertising and point of sale presentations.
Funding Requested and Source
The members of management and friends of management have funded the development of the product over the last few years to the tune of $2,500,000.
Now that the R & D has been completed, SFI is seeking $8,000,000 during 2009 to launch the manufacturing and first phase marketing with the first tranche of $2,500,000 in the second quarter followed by $5,500,000 in the third quarter. Another $8,000,000 is requested for 2010 to support the second phase marketing program.
An investment banker, Kings Pointe Capital, Inc, located in California has been hired to raise the required funds by merging SFI into a public shell and obtaining the investment capital through the selling of public stock under a private placement program. Kings Pointe working with Dallas Jones Associates has the funding commitment from their investment sources once SFI is a public company, which is planned to be accomplished by the end of 2008.
Electronic Cigarette Parts
(Three parts: EC body, filter and lighter looking charger)
EC Body
A battery inside the EC body may be recharged before the first use, even it has some voltage volume when it is from factory. How to charge it, please read section USAGE.
Filter
The filter contains the right amount of nicotine and aroma which is vaporized by the heated air from the coil as the user sucks on the filter.
Charger
Charger is used to charge EC battery. It combines a 220V AC external adapter, a USB cable and a charger. Thanks to a built-in 600mAh Li-Polymer battery in the charger, the charger ensures it can directly charge to EC battery in about 3 or 4 times without external adapter. When LEDs flicker alternately between red and green, it indicates that the charger battery itself needs to be recharged. This can be done by an external adapter or computer via USB cable.
Usage of Charger to Charge EC
Open the charger, put EC (without filter) into it and close charger cover, it begins to charge EC.
Charging the internal Charger Battery
If LEDs flickering alternately between red and green, which means that charger battery voltage is lower. So, an adapter or a computer will be used to charge the charger battery.
Connecting charger to external power supplier
There are two ways to connect charger to external power supplier: A 220V AC adapter to the charger; or a USB cable to computer port.
Note: USB cable is for connecting charger to adapter or to computer. USB cable is one side as standard port to adapter or to computer, and MINI-USB port for other side to charger.
AI
