Wellstone Filters (NASDAQ:WLSF)
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Wellstone Acquires Silverton Brand
DURHAM, N.C., Jan. 3 /PRNewswire-FirstCall/ -- Wellstone Filters
(OTC:WLSFOTC:-OTC:News) (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.
DATASOURCE: Wellstone Filters, Inc.
CONTACT: Investor Relations for Wellstone Filters, Inc.,
+1-303-620-9194
Web site: http://www.wellstonefilters.com/
http://www.corporateguestbook.com/?WLSF