George Roth, CFO, of Smokefree Innotec, Inc. (
SFIO) announced that it has come to the attention of the Board of Directors of SFIO that the United States Securities and Exchange Commission has issued a press release today naming individuals allegedly engaging in actions which may have involved federal securities law violations, including one that describes SFIO's President Thomas Schroepfer as having participated in a transaction the Company believes involved a total of $40,000 in May 2009.
As a consequence, Thomas Schroepfer has tendered his resignation which the Board of Directors has accepted effective immediately.
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