Friday, June 14, 2013 7:12:58 PM
Du r i n g t h e Ye a r, t h e Co mp a n y e n g a g e d a n i n t e r n a t i o n a l i n v e s t me n t b a n k t o a d v i s e t h e
Co mp a n y o n t h e p o s s i b l e d i s p o s a l o f t h e e l e c t r o n i c c i g a r e t t e b u s i n e s s i n wh o l e o r i n
p a r t s ( t h e “ Po s s i b l e Di s p o s a l ” ) . Th e i n i t i a l c l o s i n g d a t e f o r t h e b i d wa s 2 2 Ma r c h
2 0 1 3 . As a t t h e d a t e o f t h i s a n n o u n c e me n t , t h e Co mp a n y h a s t e n t a t i v e l y r e c e i v e d o n e
b i d f o r t h e i n t e l l e c t u a l p r o p e r t y a s s e t s o n l y a n d t h e Bo a r d i s c o n s i d e r i n g e n t e r i n g i n t o
a n e x c l u s i v e a r r a n g e me n t wi t h t h i s p o t e n t i a l b u y e r f o r a p e r i o d o f 3 0 d a y s . Th e
Co mp a n y ma y c o n s i d e r t h e b i d s f o r o t h e r a s s e t s i n t h e f u t u r e . Th e Bo a r d h a s n o t y e t
c o n c l u d e d t h e f o r m o f t h e Po s s i b l e Di s p o s a l wi t h t h e p o t e n t i a l b u y e r ( s ) a n d h o p e f u l l y
t h e s a l e s a n d p u r c h a s e a g r e e me n t c a n b e r e a c h e d . No d e f i n i t i v e a g r e e me n t s h a v e b e e n
s i g n e d a n d t h e Po s s i b l e Di s p o s a l ma y o r ma y n o t ma t e r i a l i z e .
LOL.... top of page 25
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