Starfleet Innotech Inc (SFIO)

[Polack]

Finally! News!!! http://finance.yahoo.com/news/Smokefree-Continues-Create-pz-4240972429.html?x=0&.v=1

News for 'SFIO' - (Smokefree Continues to Create Conditions Aiding in Global Lock Removal)


LAS VEGAS, Jul 27, 2011 (GlobeNewswire via COMTEX) -- Through Company
President, George Roth, Smokefree Innotec, Inc. (Pink Sheets:SFIO) announced
today that the Company has been investigating every available avenue to cause
the lifting of the DTC Global Lock imposed on "All Participants, Depository
Facilities and Pledgee Banks" (Notice# B1017-11 Dated: July 1, 2011).

"This order was not directed at the Company, only to the brokerage community.
According to the DTC website (www.dtcc.com), the purpose of the lock is to
protect the integrity of the pool of any shares held by the DTC in their
depository for their clearing transactions in the trading systems. In view of
the extraordinary trading of June 30th and July 1st in SFIO shares, where well
over half of the public float changed hands in two days in a huge volume of
transactions, it appeared that certain large brokers and individuals were buying
and selling naked.

The DTC dealt with this by imposing a "Global Lock" where brokers MUST match up
buys with sell orders that they already have on hand, and cannot execute orders
without matching them up. Some shareholders may have found that under these
circumstances they could not buy any SFIO shares; their brokers did not have any
legitimate shares to sell and could not sell short as is the custom, then going
to other brokers to buy and cover, and they may have been desperately seeking
shares to cover their own short positions. As you have seen from the past few
weeks, with the Global Lock in place, the market has settled down, with domestic
and foreign brokers finding shares to cover. The Company has refrained from
making any announcements during this time that anyone could use to unduly
influence an orderly market.

Eventually the DTC will be satisfied they are not holding any "phantom" shares
created by shorters, and we expect the DTC order will be lifted when they are
convinced an orderly market will resume and investors will be protected, but
only after further actions and publications are soon taken by the Justice
Department and the SEC regarding the disposition of charges against our former
CEO.

The Company is continuing to prepare new information statements and accounting
reports to update the OTCMarkets and provide transparency to investors, and we
hope the investing public can understand the difficulty we are faced with in
view of the unresolved charges against our former CEO. Obviously we cannot make
any comment about that matter at this time, but reserve the right to set the
record straight in our disclosure filings and reports with the OTCMarkets. The
company denies any wrongdoing by the Company itself; only the former CEO is
charged with performing an unauthorized and unlawful act in 2009.

Meanwhile, the Company is conducting business as usual in extending its
distribution network and creating new websites. Nominees to the new Board of
Advisors are considering their possible acceptance and will be announced
shortly."

About Smokefree Innotec, Inc.

Smokefree Innotec, Inc. (Pink Sheets:SFIO), www.smokefree-innotec.com, is in the
business of designing, developing, manufacturing and marketing hi-tech, nicotine
and non-nicotine cigarette-like delivery devices which are completely smoke and
vapor-free and tobacco-free. SFIO's products are designed to protect the
non-smoker from second hand smoke and all its effects while providing the smoker
a way to enjoy a smoke-free cigarette anywhere, including places where vapor
emissions are offensive or smoking tobacco or similar substances is prohibited.
Further, our products will allow the smoker to enjoy smoking either nicotine or
flavored non-nicotine cigarettes while not having to worry about the offensive
dangers and ill effects of regular cigarette smoking. However SFIO's products
are not intended for any prevention or therapeutic treatment of any disease.

About GLX - The Global Listing Exchange

The Global Online Investment Community - GLX provides interactive advertising,
conference and event coordination, digital IR/PR, journalism, market
intelligence, media/marketing, news dissemination, research, video production
and ancillary specialty communications services to publicly traded companies
worldwide.

The Smokefree Innotec, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6767

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. Disclosures made in
this Press Release are limited by good business practice and to that permitted
to the public by applicable securities regulations, both Federal and State,
including rights granted to shareholders under the Nevada Revised Statutes NRS
78.257 regarding limitations of preferential and selective disclosure of
confidential Company information.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Smokefree Innotec, Inc.


By Staff

CONTACT:          CONTACT:  GLX - The Global Listing Exchange

                 Ronald P. Russo, Jr. - CEO

                 [e-mail]

                 www.glxinc.com



                 Smokefree Innotec, Inc.

                 George Roth - CEO

                 [e-mail]

                 www.smokefree-innotec.com




(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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