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Penny stock Somkefree Innotec Inc ( PINK : SFIO) in news with positive stock movement as company has signed exclusive contract with Filter Manufacturer, stock has gained 56% with substantial volume of 30.14 million shares while the average daily volume is 9.5 million shares.Check out details here >>
One should keep an eye as stock might jump again in coming week based on news and developments in the company. Although company is a penny stock and listed in a Pink sheet,
it has provided each and every developments of the company as press releases. Trader might trade a stock for intraday gains when it spikes again.
it has provided each and every developments of the company as press releases. Trader might trade a stock for intraday gains when it spikes again.
(Marketwire) - Smokefree Innotec, Inc. (PINKSHEETS: SFIO), an established international distributor of e-cigarettes, (http://www.sfio.us or http://www.realsmokefree.com) declared more good news today through its President and CEO Thomas Schroepfer, that the long waited worldwide distribution contract for the filter used by SFIO has been executed at last in favor of SFIO as its exclusive distributor worldwide. Operating under a tacit agreement until now, the Company's needs have been supplied by this international manufacturer for almost three years. Quoting in part from its contract with SFIO, "...the Company appoints the Distributor as its exclusive distributorship of the Products in the Territory and the Company will not sell the Products in the Territory to another distributor and will not sell the Products itself within the Territory." What's covered by this exclusive distributorship contract is described as "Smokefree Innotec Cigarette Filter, Containing of: mouth piece filter (25 x 8.3 x 6 mm inner bore), depot filter (14.5 x 6.1 x 1 mm inner bore) and flavour with/without nicotine."
This exclusive contract, coupled with our excusive patents, together with the revised regulatory positions relative to e-cigarettes, sets the stage for this month's internet launch of our products into the U.S. Market. Read More below are some good penny stock recommendations
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