Smokefree enters joint venture with Colorado to market smoke-free pharmacological products

Smokefree Innotec, Inc. (Pinksheets:SFIO) Thomas Schroepfer, CEO, (http://www.sfio.us or http://www.realsmokefree.com) announced today that the Company has executed a Joint venture agreement with a Colorado research and development corporation focusing on natural holistic and herbal medical compounds, operating out of laboratory facilities located in Colorado Springs. The business objective is to jointly develop and market several smoke-free high tech natural and herbal pharmacological products, initially based upon an oral delivery system utilizing the innovative technology developed for the "REAL Smokefree Cigarette™". Under this joint venture Smokefree Innotec, Inc. will provide its smoke-free products and devices, and its venture partner will provide all the medical extract formulations to the Company.

Mr.Schroepfer stated, "This partnering will put Smokefree Innotec in the forefront of marketing our devices, delivering medical formulations of pharmacological extracts to dispensaries and healing centers already in existence, in compliance with applicable federal and state regulations. Because the information is highly sensitive and proprietary to the Company, We have agreed to withhold the name of our joint venture partner pending the necessary approval to release that information. The entry into this arena represents a significant step forward in extending our distribution of Smokefree's products in North America. The material fact here is that we have created this joint venture with a highly reputable well established research laboratory opening the way for substantial future business. Further information to the public will be released as it becomes appropriate."