Oh and those pesky PR's must be bogus too, wow what an elaborate scam they have.
MMU Holdings Inc. TzuFuma Updates on US E-Cig Import Conditions
COCONUT CREEK, Fla., March 23, 2010 GLOBE NEWSWIRE Mobile Media Unlimited Holdings Inc. (Pink Sheets:MMUH) (MMUH) (DE) TzuFuma President Robert Paterson announced today TzuFuma has ceased all United States based distribution of E Cigarette product lines and is no longer seeking United States distribution companies unless they have distribution networks outside America.
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. Our goal will be to re enter the US market with product lines deemed acceptable by the US Governing bodies and we are working diligently toward that goal. In addition our international business continues to grow, the market is gargantuan in overall size with far fewer barriers, more opportunity and quantifiably higher profit margins. To that end, TzuFuma has been working with our manufacturers to design a new fully self contained product line which will revolutionize the E Cigarette business worldwide. We will, of course, keep all concerned informed as to this products rollout."
About TzuFuma Inc.
TzuFuma Inc. is a wholesale distributor 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-product is created, and users have the freedom to enjoy smoking in establishments currently smoker unfriendly.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in plans and schedules, or market acceptance.
CONTACT: Mobile Media Unlimited Holdings Inc.
TzuFuma Inc.
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. THOMAS JEFFERSON
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