GesichtTaube (GT) is a joint German-Ukrainian venture that supplies restaurants, convenience stores and kiosks in Ukraine with imported spirits and cigarettes. GT is headquartered in Kiev. Wellstone initially plans to import its cigarettes into Ukraine, but intends to manufacture in Ukraine if possible.
According to the Financial Times, Ukraine consumers smoke 80 billion cigarettes per year, more than the world per capita average. At present, British American Tobacco, Philip Morris and RJ Reynolds have built modern joint venture manufacturing operations in Ukraine. (Wellstone is not affiliated with any of the foregoing.) Wellstone plans to utilize existing excess manufacturing capacity in Ukraine, and to compete on price and on taste.
Wellstone is interested in entering into similar distribution or licensing agreements with other companies in Eastern Europe, in Western Europe and in the America. Wellstone's goal is to become the largest company in the growing discount cigarette market. Wellstone believes its patented filter formulation will enhance the flavor of many of the discount tobacco brands.
Wellstone believes that its patented filter formulation removes tars and certain carcinogens, while providing better taste. However, any claim as to the benefit of any Wellstone cigarette to be sold will be made within the parameters prescribed by the Federal Trade Commission. Wellstone emphasizes that NO cigarette is safe. This corporate communication by Wellstone is not intended to induce any person to purchase Wellstone tobacco products.
ABOUT THE COMPANY
Wellstone Filters, Inc. has developed and patented filter material that removes certain carcinogens and other toxins produced when tobacco is smoked without removing the compounds thought to be associated with the pleasurable effects of smoking. Wellstone seeks to promote material for cigarette filters that will enable cigarette manufacturers to provide consumers with an equally enjoyable cigarette with substantially fewer carcinogens.
For more information, please see http://www.Wellstonefilters.com or call Investor relations at 303-620-9194.
In addition, all current shareholders, and interested parties should sign into our private Corporate Guest Book, http://www.CorporateGuestBook.com/?WLSF to receive timely updates and information on any future developments as they happen
Happy Trading,
~River~
(yeah, Smokes, new threads on WLSF and QBID...gotta tell ya, I'm excited about these two for the coming year. Yeehaw!)
We needed a new thread anyway. :-)
Cheers
Know what you mean. I was passing through NC and stopped by the JR outlets (hello...very lame...about as bad as South of the Border).
Anyways, they had about every brand of cigs there you can imagine. I don't smoke, but if they had Wellstones you better believe I would have bought and smoked a carton.
Happy Trading,
~River~
January 3, 2005
DURHAM, N.C., Jan 03, 2005 /PRNewswire-FirstCall via COMTEX/ --
Wellstone Filters (OTC Bulletin Board: WLSF - News) announced today that it has signed an agreement to acquire and distribute Silverton brand cigarettes, as soon as February 1, 2005.
Wellstone still plans to introduce its Wellstone Brand by April, 2005, after FTC approval for Wellstone packaging has been received, but management has determined to take advantage of an opportunity to capture market share immediately and be generate revenues as soon as possible.
Wellstone plans to include their revolutionary new filter into The Silverton line as soon as possible.
In addition, marketing the Silverton Brand will provide Wellstone with immediate cash flow and the potential to capture more shelf space and market share in the discount market. The transaction with Silverton is consistent with Wellstone's goal to introduce its patented filter into a greater percentage of existing brands-and consequently a greater percentage of the cigarettes smoked. Wellstone is not required to pay Silverton's for the brand acquisition, but only a modest license fee based on sales.
Wellstone is interested in entering into similar distribution or licensing agreements with companies in the growing discount segment of the cigarette market, estimated to be 12% of the existing market. Wellstone's goal to become the largest company in the growing discount cigarette market. Wellstone believes its patented filter formulation will enhance the flavor of many of the discount tobacco brands.
Wellstone believes that its patented filter formulation removes tars and certain carcinogens, while providing better taste. However, any claim as to the benefit of any Wellstone cigarette to be sold will be made within the parameters prescribed by the Federal Trade Commission. Wellstone emphasizes that NO cigarette is safe. This corporate communication by Wellstone is not intended to induce any person to purchase Wellstone tobacco products.
ABOUT THE COMPANY
Wellstone Filters, Inc. has developed and patented filter material that removes certain carcinogens and other toxins produced when tobacco is smoked without removing the compounds thought to be associated with the pleasurable effects of smoking. Wellstone seeks to promote material for cigarette filters that will enable cigarette manufacturers to provide consumers with an equally enjoyable cigarette with substantially fewer carcinogens.
For more information, please see http://www.Wellstonefilters.com or call Investor relations at 303-620-9194.
In addition, all current shareholders, and interested parties should sign into our private Corporate Guest Book, http://www.CorporateGuestBook.com/?WLSF to receive timely updates and information on any future developments as they happen.
Note: Except for the historical information contained herein, this new release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third- party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by Wellstone with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of Wellstone as of the date of this release. Wellstone and its managers and agents undertake no obligation to publicly update any forward-looking statements.
SOURCE Wellstone Filters, Inc.
Investor Relations for Wellstone Filters, Inc., +1-303-620-9194 http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
WLSF is an EXCELLENT medium to long term pick (IMHO of course).
This is the kind of stock that I wish I bought MORE of.
Happy Trading,
~River~
quote:Nothing is down that much. Something wrong here.
Originally posted by binnocent:
Bargain basement prices! Alot of good stocks way down today. Take advantage if you can!