NASHVILLE, TN, March 19, 2010 -- Smokefree Innotec, Inc. (PINKSHEETS: SFIO) released information today regarding its current projections. As previously announced, the line of credit granted by its European bank, and guaranteed by the Flemish government, is being finalized for Smokefree Innotec, Inc. and is anticipated to be available for the company to draw upon within the next 10 days
Smokefree Innotec, Inc. closed at $0.024 Friday, trading 1,465,938 shares.
Smokefree Innotec, Inc. Projects Distribution Expansion to 125,000 Outlets.
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About Smokefree Innotec, Inc.
Smokefree Innotec, Inc. is in the business of designing, developing, manufacturing and marketing a hi-tech, nicotine delivery cigarette-like device which is completely smoke and vapor-free and tobacco-free. Smokefree Innotec'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 smoking tobacco or similar substances is prohibited. Further, our products will allow the smoker to enjoy smoking while not having to worry about the offensive dangers and ill effects of regular cigarette smoking.
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BRIDGEWATER, NJ, March 19, 2010 -- PrimeGen Energy Corp. (PINKSHEETS: PGNE) ("PrimeGen" or the "Company") today announced that it has retained a New York law firm to pursue a claim for damages in relation to the dissemination of untruthful, misleading and false information to shareholders by the Company's former attorney Applbaum & Zouvas, which led to sharp reduction in the Company's stock price.
PrimeGen Energy Corp. closed at $0.02 Friday, trading 41,700 shares.
PrimeGen Retains Top New York Litigation Firm to Pursue Litigation Against Applbaum & Zouvas LLP
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About PrimeGen Energy Corporation
PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines.
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