Tuesday, May 17th, 2011 | Filed under Breaking News | Posted by Wise Ahadzi
SMOKEFREE INNOTEC INC (PINK:SFIO) is currently trading at 0.0448 USD per share which is 0.0230 or 33.82 percent less than its previous close. Its stock opened at 0.06 USD and touched the intraday high of 0.09 USD per share. The stock’s lowest price in today’s session was 0.03 USD per share. The company’s stock has traded in the range of $ 0.00 and $ 0.09 during the past 52 weeks. The company’s market cap is 5.27M USD and its average trade volume is 22.90M.
The company announced that it is overwhelmed by the FDA’s decision to regulate smokeless electronic cigarettes as tobacco products and not under stricter rules for drug-delivery devices. Smoke free which has till now refrained from marketing its REAL e-cigarette in the United States is now all set to aggressively attack the U.S. market with REAL which is its novel vapor-less e-cigarette and is scheduled for introduction mid-May or earlier.
It has announced that its marketing representatives have recently being successful in securing meetings with the largest distributors in Australia and New Zealand intending to finalizing orders that are similar to the size of Conway of Germany.
In February the company published its shopping chart and has undergone extensive redesigning of its website to include complete product description located in easy to access click through portals. It has also made some changes in the pricing of the products to make the deal lacerative for starters.
In January this year the company has directed its qualified applicants who are experienced and having previous successes in large scale marketing or establishing point of sales operations at retail vending to act as independent distributors or as point of sale retailers
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