US-company Smokefree Innotec announced today that it has concluded and signed exclusive distribution contracts with TDM of the Republic of South Africa.
The long-term relationship that TDM’s GM, Norman Knight, and Smokefree Innotec C.E.O., Thomas Schroepfer, sealed today provides that over the next 12 months TDM will purchase a minimum of USD 1,200,000 of the Company’s totally new, smoke-free, Hi-Tec cigarette, with annual increases of 10 per cent in following years.
Further important announcements regarding new distribution agreements in other territories are expected in the upcoming weeks. (ci)
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