Hey! here's a new one that just did a reverse merger that has thrown their hat in the e-cig ring.
MMUH Man they are no where close to selling anything. I gather they are just an import/export company
Mobile Media Unlimited Holdings, Inc. (DE) (Pink Sheets:MMUH) (MMUH) announced that the Company has entered into a Memorandum of Understanding ("MOU") with TzuFuma Inc. (FL) and its wholly owned subsidiary to be acquired in whole in an all restricted stock transaction.
TzuFuma Inc. is in the import and wholesale distribution business of Electronic Cigarettes. Electronic Cigarettes, or E-Cigarettes, are technological marvels which have the look, taste, and feel of a real cigarette without any combustible components, and produces water vapor instead of second-hand smoke. The advantages of this product are apparent since no actual smoke by the product is created and users have the freedom to enjoy smoking in establishments currently smoker-unfriendly.
Robert Paterson, President of TzuFuma Inc., commented: "TzuFuma is dedicated to educating the smoking populace at large regarding this alternative way to smoke. While we are not allowed to say that smoking our E-Cigarette brands are any safer than smoking real cigarettes, there are certainly independent studies supporting that claim. There are over 4,000 chemicals which can go into the manufacture of a cigarette, many of them toxic and poisonous, as opposed to 19 ingredients in our products. Personally, I believe the fact that because there are no combustible components and no lighting requirements, in and of itself, this makes the usage of our products inherently safer than a real cigarette from a fire prevention standpoint. The Company's performance so far leads management to believe that we have only seen the tip of the iceberg!"
Gary Freeman, CEO of MMUH, stated: "During late 2008, the Company acquired 100% of the startup SMS company MMU Inc. Due to unforeseen circumstances surrounding Verizon's controversial and highly successful litigation to protect Verizon's enormous cell phone subscriber database from potential onslaughts of unwanted and/or unsolicited spam-type text advertising using SMS (short message service), our Company quickly discovered that while it had recently paid 38,093,100 common shares (59% of the issued and outstanding) for 100% of MMU's equity, MMU almost immediately was faced with the prospect of scrambling to find new applications for its SMS portal business."
Mr. Freeman continued: "During 2009, MMU Inc. attempted to uncover alternative application(s) to use the MMU assets to capture revenues. Alas, no viable revenue stream was forthcoming. The advent of the failing MMU business leaves the MMU Inc. shareholders in the following summary of positions:
Yeulp! selling cigs is their alternative since they failed on the other.
Thanks two companies throwing their hat in the E-Cig ring this month. Make SFIO look better than ever, They definitly have a major league head start. These other guys are just working out the FDA side of the game. I'm sure they have thought about the FDA wall, and I'm wondering if this is the E-Cig's product being sold by others much like Microsoft did to IBM. E-Cig did all the hard work to introduce it, and now that it is selling, the manufacturer is noe dumping on anyone that wants to sell it.
If the FDA is true to its colors they will require any new player jump through the hoops and have a seperate New Product Code whice requires product approval. What a headache!
