In the quarter ended March 31, 2005 Wellstone determined to augment its strategic focus. Wellstone's original plan was to license its proprietary cigarette filter technology to existing cigarette manufacturers. Because Wellstone believes its filter compound removes certain carcinogens, Wellstone believed that incorporation of its compound into currently marketed brands would be the quickest way to bring its Wellstone Filters to the smoking public. After a review of the tobacco marketplace, Management determined to join the group of small manufacturers who have gained market share in recent years (estimated by some to be 12% of total US 2004 market) in this multi- billion dollar market. Wellstone intends to offer a product or products within the discount segment of the market. Sales of the Wellstone brand are expected to begin in the fourth quarter of calendar 2005.
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