Business
Smokefree Innotec, Inc. (SFIO) Issues CEO Letter to Shareholders
Smokefree Innotec, Inc. (SFIO) Issues CEO Letter to Shareholders.
About this update from Starfleet Innotech Inc.
[{"type":"text","content":"Smokefree Innotec, Inc [OTC:SFIO] 2021 Shareholder Letter From CEO25 October 2021Dear shareholders and business partners,This shareholder letter gives me the opportunity to share the key milestones of Smokefree Innotec, Inc (SFIO) from the past year. More importantly, it gives me a chance to look at the exciting opportunities ahead and share our high-level plans for the next three months.But first of all, I would like to thank our shareholders for their continual trust and patience over the last twelve months as we restructure SFIO. In an extraordinary year, our primary focus was not only to survive but thrive through the pandemic. We could not have done it without the support of our shareholders as well as the hard work of our staff and business partners.During this restructuring phase, we took into consideration shareholders’ sentiments in our decision-making process. For instance, we chose not to execute the reverse stock split, which would significantly dilute shares of existing shareholders. Instead, we accounted for shareholders' recommendations that presented a mutually beneficial solution.As for some of the milestones we have managed to achieve, the priority of removing the company’s Caveat Emptor designation was key. This immediately made SFIO current on the OTC Markets with Pink status. We are in the process of requesting the removal of the Shell status by posting our financial statements for Q3 2021, which will be covered in another letter to shareholders that seek to explain the highlights.At the moment, we feel proud and privileged to be conducting educational roadshows in the US for the next three months. The program targets specific communities and groups to gain support and endorsement. The management team and I are prepared and excited to join the US roadshows in the first quarter of 2022 with hopes of fully cementing our international presence and building a strong alliance with our US business partners.In line with further activating our new import-export business across the globe, we are establishing offices and teams in New Zealand, Australia, the US and UAE. This will also allow us to showcase our technology and software products and services in those countries. Thus, we will continue to invest in the development of products and services with proprietary technology through ongoing research and development a...