Smokefree Innotec, Inc. (Pinksheets:SFIO), an established international distributor of e-cigarettes announced through its President and CEO Thomas Schroepfer, that "the Company is receiving offers from distributors in the U.S. market for its for nicotine and non-nicotine products, on the heels of the U.S. Court of Appeals for the DC Circuit affirming a lower court's decision that the FDA was wrong when it blocked a shipment of e-cigarettes from entering the U.S. in 2009; rather, they are to be regulated simply as tobacco products. The Company had already begun its marketing program for sales and distribution in the U.S. marketplace for its domestically produced non-nicotine product lines, and our attorneys are working to have the company do what is necessary for SFIO to comply with tobacco product regulations for its nicotine products from abroad as well as domestic production currently being set up."
Mr. Schroepfer also revealed that "In my recent conversations with the management of AHN Biotechnologie GmbH, our European supplier of our filters utilizing patented and proprietary nanotechnology to safely imbed controlled amounts of Nanobead-Flavour-Nicotine-Solution into the filters according to the DIN EN ISO9001:2000 standards (along with a number of new variety nicotine flavors), AHN has expressed enthusiasm in moving forward to elevate their production of complete mouthpieces for SFIO's high tech cigarettes to ship to SFIO's international and domestic production and final assembly facilities. Mr. Schroepfer declared that the lifting of the U.S. ban on e-cigarettes by the Appellate Court has inspired the SFIO team and all of its affiliates into action to seize this opportunity domestically and internationally to create breakthrough revenues and profits for SFIO, its shareholders, and for everyone associated with SFIO production and distribution."
Smokefree Innotec, Inc. 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. Smokefree Innotec'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 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 Smokefree Innotec products are not intended for any prevention or therapeutic treatment of any disease.
American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. The company believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. As neither the Federal nor Quebec Governments have carried out any air borne surveys in this area, the company will seek a contractor to do an air borne Mag-EM radiometric survey. This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions. We are pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
The 17 elements that are classified as "rare earth" are becoming an increasingly important part of our daily lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology. Contrary to the name, rare earth metals aren't particularly rare and can be found in most any continent. In recent weeks the US government has made important steps to increase production of these metals, as they will play an important part in President Obama's overhaul of U.S. energy.
China is the world's major producer of rare earth elements, many are used in today's technology, such as new energy sources and hybrid cars. China announced in July that it will slash exports for minerals used to make hybrid cars and televisions by 72 percent.
The nation has begun to drastically restrict the exports of rare-earth materials, which frequently find use in “green” technology designs, which includes hybrid vehicles and energy-efficient lighting, also in the medical, defense, and consumer markets. The country delivers nearly 100% of the world’s rare-earth materials: 17 metals which can be hard to refine and that also often occur in alike ore deposits. The cutbacks have resulted in shock waves throughout the electronics industry and might force design changes in the longer term.
Constraints on Chinese exports are forming opportunities for non-Chinese projects.
American Video will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Amkor Technology, Inc. (Nasdaq:AMKR) announced that it will call for redemption all of the $100,000,000 aggregate principal amount outstanding of its 6.25% Convertible Subordinated Notes due 2013. The redemption date of the Notes will be January 26, 2011. As provided in the Indenture for the 2013 Notes, holders may convert their Notes into Amkor Common Stock at any time prior to 5:00 p.m., Eastern Time, on January 25, 2011, at the conversion price of $7.49 per share. To the extent that holders of the 2013 Notes do not convert their Notes into Amkor Common Stock, the 2013 Notes will be redeemed for cash on January 26, 2011, at a redemption price of 102.344% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date.
Amkor Technology, Inc. operates as a subcontractor of semiconductor packaging and test services in the United States and internationally. The company provides packaging solutions, including leadframe and laminate packages using gold and copper wire bond, and flip chip formats.
Amicus Therapeutics, Inc. (Nasdaq:FOLD) announced that Chairman and Chief Executive Officer John F. Crowley will be presenting a business update and a review of the Company's expected key milestones for 2011 at the upcoming 29th Annual J.P. Morgan Healthcare Conference. Mr. Crowley's presentation is scheduled to begin on Tuesday, January 11 at 3:00 p.m. PST. Individuals can listen to a live webcast of the presentation by logging on to the Investors section of the Amicus Therapeutics web site.
Amicus Therapeutics Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of orally-administered, small molecule drugs for the treatment of various human genetic diseases.
Wave Systems Corp. (Nasdaq:WAVX) announced that it has received $5.2 million in additional license and maintenance orders through its PC OEM partners on behalf of a U.S.-based automotive company. The orders hasten the deployment and increase the total value of the automaker's software orders to $10.9 million, $6.7 million of which will be recorded as revenue over the next 12 months, $1.9 million of which was recorded as revenue in 2010 and $2.3 million of which is expected to be recognized as revenue in 2012 through 2014.
Wave Systems Corp. provides client and server software for hardware-based digital security. Its solutions enable organizations to know who is connecting to their critical IT infrastructure, protect corporate data and strengthen the boundaries of their networks.
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