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    Stock Alert for Smokefree Innotec Inc. (SFIO)

    Smokefree Innotec Inc. (SFIO) engages in the design, development, manufacture and marketing hi-tech, nicotine and non-nicotine cigarette-like delivery devices which are completely smoke and vapor-free and tobacco-free. Its 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 vapor emissions are offensive or smoking tobacco or similar substances is prohibited. The Company’s products will also allow the smoker to enjoy smoking either nicotine or flavored non-nicotine cigarettes while not having to worry about the offensive dangers and ill effects of regular cigarette smoking. SFIO’s products, however, are not intended for any prevention or therapeutic treatment of any disease.

    Share Statistics (01-July-11)
    Symbol SFIO
    Current price $0.02
    52wk Range: $0.00-$0.09
    Avg Vol (3m): 23,312,900
    Market Cap. n/a
    Shares Outstanding n/a

    Source: Reuters.com, SEC Filings.

    Recent News

    Shares of SFIO plummeted more than 80% last week following news that the Company’s president, Thomas Schroepfer, was one of the three individuals charged in a penny stock fraud. Schroepfer and stock promoter Charles Fuentes were accused of engaging “in a fraudulent scheme involving the stock of SmokeFree involving illicit kickbacks and phony agreements.” SFIO took a nosedive as volume swelled to 83.95 million, nearly 12 times the 10-day average.

    However, SFIO shares rebounded on Friday after the Company announced the resignation of Pres. Schroepfer, which the board accepted effective immediately. Following the news, the Company’s board named CFO George Roth as the new president and Tammy Dunn as the new CFO.

    SFIO traded as much as 181% higher on Friday as volume climbed to 149.73 million shares.

    SFIO a little more than two weeks ago said its European patent attorneys have sent the Company a copy of a letter issued by the European Patent Office, disclosing its decision to grant European patent 08738110.9, which will take effect on July 6, 2011. The news sent shares of the alternative cigarette maker up 32.1%.

    Visit SFIO at www.smokefree-innotec.com

    Financial Summary

    SFIO is a development-stage company and has not reported any revenues yet. As reported in last year’s semi annual results, the Company had a net loss from operations of about $446K.

    Financial Strength (01-July-2011) Company Industry Sector S&P 500
    Quick Ratio (MRQ) 1.43 0.47 0.71
    Current Ratio (MRQ) 2.05 0.61 1.04
    LT Debt to Equity (MRQ) 22.68 20.25 136.61
    Total Debt to Equity (MRQ) 30.44 32.51 182.18
    Interest Coverage (TTM) 2.03 0.29 18.15

    Source: Reuters.com, SEC Filings.

    Analyst Consensus

    No analyst recommendations are available for SFIO.

    Technical Analysis

    Source: http://stockcharts.com

    SFIO is near its lower Bollinger Band. This suggests that it is at a low level relative to recent action.

    The MACD for SFIO currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.

    Comparative Analysis

    No direct competitor comparison.

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