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SOURCE MyEZSmokes Inc.
SAN DIEGO, Oct. 2, 2013 /PRNewswire/ -- MyEZSmokes Inc. (OTC Symbol 'XRMB') is closely monitoring the Food and Drug Administration's public position, relative to the creation of a plan for regulation of the E-cigarette industry, expected sometime later this month or early next.
CEO, Dan Balsiger stated, "We are encouraged by the position the FDA appears to taking on this product and the related use and safety issues. MyEZSmokes will continue to support the FDA in serving the health interests and welfare of the US based smoking community. We believe our products are safe and will easily meet these anticipated guidelines. Furthermore we believe we will be able to fully comply with any other access regulations as enacted in the future."
Mr. Balsiger further noted, "While the health effects of e-cigarettes have not been adequately studied we remain firm believers that our product offers a substantially less risky method of nicotine ingestion. Currently there is an absence of formal regulation for the ingredients used in manufacturing e-cigarettes, with the exception being the therapeutic e-cigarette products which are regulated through the FDA Center for Drug Evaluation and Research. Restrictions for the advertisement and sale of the product are non-existent as well but we would point out that the FDA has discussed an online sales-ban to protect minors and a proposed age restrictions on purchases which have yet to be determined. We believe that in the absence of such guidance and law, children may be able to continue to purchase these products without restriction."
Mr. Balsiger also stated, "We are also very excited about the upcoming deployment of our new web portal; designed to offer distribution as well as purchasing options to interest consumers as well as potential retail partners."
About MyEZSmokes Inc. (www.myezsmokes.com)
Headquartered in San Diego, California, MyEZSmokes Inc. engages in the manufacture and distribution of electronic cigarettes. The company offers disposable and starter kits e-cigarettes as well as cartomizers in tobacco and menthol flavors branded under the ICON Vapor Products line. For further information please contact the Company at:
(Investor Relations 858.509.2783 or Sales@myezsmokes.com)
Safe Harbor Statement
This press release may contain forward looking statements and or observations which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties include but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other such filings as may be accessed through the OTCBB website. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new product lines noting there is no assurance that we will generate enough revenues to offset those costs. Additional product offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the variables as associated with the general business channel we are operating in, the impact of which cannot be predicted at this time including risks as associated with our product and recent FDA pronouncements. Additionally, our 1-A registration statement will generate additional free trading shares to the marketplace at a pre-determined price which may impact our share pricing within the OTC marketplace in a manner that we cannot predict.
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