Wellstone Filter Sciences, Inc. Assigned New Trading Symbol
CHAPEL HILL, N.C--(BUSINESS WIRE)--Wellstone Filters Sciences, Inc. (OTC Bulletin Board: WFSN), the leading modified risk cigarette filter company, is pleased to announce that it has changed its trading symbol to WFSN.OB due to a name change from Wellstone Filters, Inc. to Wellstone Filter Sciences, Inc.
Wellstone changed its name to more accurately reflect the company's focus on Reduced Exposure Products (REPs). REPs are referred to in the recently enacted Family Tobacco Act of 2009 as Modified Risk Tobacco Products.
ABOUT THE COMPANY
Wellstone Filter Sciences, Inc. has developed and patented a "REP" or "Modified Risk Tobacco Product," the only cigarette filter that reduces toxins and carcinogens without compromising taste. With over a decade of research and development, Wellstone is the only company specializing in Modified Risk Cigarette Filters. As such, Wellstone Filter Sciences, Inc.’s amply documented filter technology is ideally suited for new FDA oversight of tobacco products.
According to The Centers for Disease Control (CDC) as of 2005, approximately 44.5 million Americans still smoke. CEO L. J. Hand stated, "It is unconscionable that we have the technology to reduce toxins in tobacco products yet lack the requirement that all products utilize what we believe is the best available technology."
Note: Except for the historical information contained herein, this new release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by Wellstone with the Securities and Exchange Commission, including but not limited to risks described under the caption "Important Factors That May Affect Our Business, Our Results of Operation and Our Stock Price." The forward-looking statements contained in this news release represent judgments of the management of Wellstone as of the date of this release. Wellstone and its managers and agents undertake no obligation to publicly update any forward-looking statements.
Wellstone Filters can be found online at http://www.Wellstonefilter.com and http://www.wellstone-filters.com/.
