Smokefree Innotec, Inc. (Pinksheets:SFIO) announced this week through SFIO's President & CEO Thomas Schroepfer, that "For the New Year we have moved our business office to 2300 W. Sahara Avenue, Suite 800 in Las Vegas, Nevada 89102. Details can be found on our web site. Also, I want to wish all Smokefree shareholders a prosperous and Happy New Year, and let them know that we are dedicated 24/7 to creating value for the shares of SFIO, and are constantly seeking out and implementing solutions that work for everyone in our business model, to the benefit of Smokefree Innotec, its partners, and its shareholders."
SFIO has experienced significant growth while overcoming setbacks in 2010, particularly in the effect of changing regulatory positions in both the U.S. and internationally. The year began with the Euromarket countries (except Germany) adopting surprise restrictions on marketing nicotine products, and ended with Australian and U. S. regulations being relaxed on such marketing for e-cigarettes. While European markets generally restricted our products to non-nicotine lines, we entered into joint ventures to expand our offerings to successfully include non-nicotine flavored products. In the U.S. we are now about to offer all products, including new flavors presently in testing, through our web site with the convenience of ordering online through shopping carts. This approach will be replicated throughout all of our international markets as we begin an aggressive branding program for SFIO.
George Roth, CFO added, "The harsh chaotic December winters suffered by Europe have significantly impacted our progress in those markets, but we intend to resume our marketing activities to place our products on countertops in convenience stores throughout those markets, with a more flexible pricing structure. Similarly, opportunities to replicate this approach here in the U. S have been brought to us and are under negotiations. We are seeking out additional distributors and invite all interested parties to contact me regarding qualifications."
Smokefree Innotec, Inc., a development stage company, engages in the design, development, manufacture, and marketing of smokeless nicotine delivery cigarettes. SFIO's cigarettes are electronic devices that are smoke-free and tobacco-free. SFIO was formerly known as Courtside Products, Inc. and changed its name to Smokefree Innotec, Inc. in December 2008. SFIO is headquartered in Nashville, Tennessee.
Cabot Microelectronics Corp. (Nasdaq:CCMP) announced the appointment of Ananth Naman to the position of Vice President, Research and Development. Dr. Naman succeeds Dr. Clifford L. Spiro, who has decided to leave the company to pursue other opportunities; Dr. Spiro has served in the role since 2003. Dr. Naman reports directly to William P. Noglows, Cabot Microelectronics' Chairman and Chief Executive Officer. Dr. Naman brings to his new role extensive technical and leadership experience in a range of semiconductor materials and electronics related businesses. He originally joined Cabot Microelectronics in 2006 as Manager of Research and Development for the company's pad products.
Cabot Microelectronics Corporation engages in the development, manufacture, and sale of chemical mechanical planarization (CMP) consumables to the semiconductor industry. CMP is a polishing process used by integrated circuit (IC) device manufacturers to planarize or flatten the multiple layers of material that are built upon silicon wafers in the production of advanced ICs.
Cavium Networks, Inc. (Nasdaq:CAVM) announced TurboDPI, the industry's first off-the-shelf multi-function security software solution optimized for OCTEON II processors. TurboDPI utilizes Cavium Networks patent pending new Uniscan technology that is incorporated in all multi-core OCTEON II processors to simultaneously block malicious or inappropriate URL's, identify hundreds of widely used protocols and applications, help block thousands of different intrusion attempts and locate over a hundred thousand varieties of virus and malware threats, all with just a single scan of the data stream, enabling the highest performance at up to 40Gbps. TurboDPI enables market-leading performance and speeds up time to market for Enterprise OEM's, 3G & 4G Wireless equipment manufacturers and Service Providers suppliers.
Cavium Networks, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. Its semiconductor products enable customers to develop networking, wireless, storage, and electronic equipment that are application-aware and content-aware, and securely process voice, video, and data traffic at high speeds.
American Video Teleconferencing Corp. (OTC:AVOT)
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.
American Video Teleconferencing Corp. is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties AVOT has under consideration in the province of Quebec.
Chart Industries Inc.(Nasdaq:GTLS) announced that its wholly-owned subsidiary, CAIRE Inc. ("CAIRE"), which operates under its BioMedical segment, has completed the previously announced acquisition of SeQual Technologies Inc. ("SeQual") for approximately $40 million, plus the possibility of up to $20 million of additional future payments contingent on SeQual's financial performance over a two-year period post-closing. Other financial terms of the all-cash transaction were not disclosed. "Now that the acquisition has been completed, we look forward to integrating SeQual and its leading portable, non-delivery oxygen concentrator during 2011," stated Steve Shaw, President of Chart BioMedical. "We are pleased to be able to provide a full line of respiratory products and service to our customers worldwide."
Chart Industries, Inc. manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases in the United States and internationally. The company operates through three segments: Energy & Chemicals (E&C), Distribution and Storage (D&S), and BioMedical.
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