Tuesday, March 23, 2010 1:34:19 PM
Mr. Paterson stated, "Our experience in the United States although profitable is labor intensive and complex. While we believe the American market has the potential to be one the largest markets for a safe cigarette alternative, it is still in its infancy and there are bureaucratic and political barriers which have caused certain shipments (not ours) of E Cigarettes to be seized and barred from entry into the United States. While the overall legality of these seizures may be in question the outcome nevertheless, is still the same, the product can't enter the market and companies can and do suffer severe financial difficulties as a result. We would be neglectful to ourselves and our shareholders if we continued to operate under such circumstances.
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