Smokefree Innotec Files Information Disclosure Statement to OTC Markets

LAS VEGAS, Nov. 28, 2011 /PRNewswire/ -- Smokefree Innotec, Inc. (OTC Pink: SFIO)  George Roth , President of Smokefree Innotec Inc. announced today that the Company has filed its current Information Disclosure Statement and Interim Financial Report for period ending August 31, 2011 with the OTC Markets, to provide transparency and for the benefit of its shareholders.  Mr. Roth stated, "This report is the first available following the incidents of last June 30, 2011, when a public announcement was made regarding the illicit sale of 400,000 shares of the Company's common stock that occurred in 2009, by the then CEO of SFIO. The extraordinary trading activity in the selloff, and immediate buy back, of shares that instantly followed led to the DTC Global Lock and the posting of the caveat emptor displayed by the OTC Markets for SFIO on their web site. Counsel for Smokefree is submitting to OTC Markets his opinion letter regarding the status of the Company since it has settled the civil complaint of the SEC, to bring SFIO into full compliance with the requirements of the OTC Markets listing on the Pink Sheets."

Mr. Roth observed, "This full compliance will not result in the release of the DTC Global Lock, since that resulted from the trading activity, not the actions of the Company or its officers.  The Company and its counsel are continuing to explore all avenues to discover and understand the methods required to encourage the DTC reconsider its actions and to lift the Global Lock. There is no way to tell if and when that may occur."

About Smokefree Innotec, Inc.

Smokefree Innotec, Inc. (OTC Pink: SFIO) 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.

Contact: Smokefree Innotec, Inc.
George Roth - CEO
[email protected] | www.smokefree-innotec.com

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Safe Harbor Statement

The information made available in this press release contains certain forward-looking statements which reflect Smokefree Innotec, Inc.'s current view of future events and financial performance. Wherever used, the words "estimate", "expect", "plan", "anticipate", "believe", "may" and similar expressions identify forward-looking statements. Any such forward-looking statements are subject to risks and uncertainties and the company's future results of operations could differ materially from historical results or current expectations. Some of these risks include, without limitation, the company's ability to execute on its contracts, customers' acceptance of its products, the market acceptance of two-way tracking devices, managing regulatory compliance and/or other factors that may be described in the company's annual report on Form 10-K, quarterly reports on Form 10-Q and/or other filings with the Securities and Exchange Commission. Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results express or implied therein will not be realized.

Smokefree Innotec, Inc. does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by Smokefree Innotec, Inc. Further Smokefree Innotec, Inc. cannot be held responsible or liable for the unauthorized use of this document's content by third parties unknown to the company.

SOURCE Smokefree Innotec, Inc.