22nd Century Group, Inc. (NYSE MKT:XXII),
a leader in very low nicotine tobacco technology and tobacco harm
reduction, today announced that Stuart Varney of Fox Business’ “Varney &
Co” will conduct a live interview with 22nd Century’s President and
Chief Executive Officer, Henry Sicignano III, on Tuesday, April 28, 2015
at 12:50 pm EST. Mr. Sicignano will discuss the Company’s successful
launch in Europe of MAGIC 0, its 0.0 mg nicotine cigarette, in addition
to the Company’s important patent portfolio and its rapidly growing
distribution network for RED SUN, the Company’s super-premium cigarette
brand available in the United States.
MAGIC 0 cigarettes are the world’s only 0.0 mg nicotine tobacco
cigarettes. This extraordinary new product is currently available to
consumers at approximately 900 state-licensed tobacco retailers in Spain
and will soon be launched in several other European countries. Designed
to appeal to discriminating consumers and positioned to compete with
premium cigarette brands, MAGIC 0 yields only 0.04 mg nicotine per
cigarette – 95% less nicotine than conventional cigarette brands –
which, pursuant to European Union regulations, is rounded to the nearest
one-tenth, thereby resulting in MAGIC 0 tobacco cigarettes being labeled
as having 0.0 mg nicotine per cigarette.
Professor David Sweanor, Adjunct Professor of Law at the University of
Ottawa and a leading public health advocate, explained on this past
Saturday, April 25th, in his keynote address at the Company’s annual
shareholder meeting that 22nd Century enjoys the almost unprecedented
opportunity “to do well for the Company and its shareholders… by doing
good for smokers” by breaking the connection between smoking and the
delivery of nicotine through its proprietary very low nicotine tobacco.
22nd Century Group boasts a very strong intellectual property portfolio
and is focused on technology that allows the Company to increase or
decrease the level of nicotine in tobacco plants through genetic
engineering and plant breeding. Annual worldwide tobacco product sales,
mostly of cigarettes, are approximately $800 billion. The smoking
cessation market is estimated at $1 billion in the U.S. and $3+ billion
globally and is forecast to grow to approximately $5 billion by 2020.
With the corporate mission of “reducing the harm caused by smoking,”
22nd Century Group has a long-term focus on licensing, manufacturing and
selling its very unique and proprietary tobacco and innovative
cigarettes.
Varney & Co. with Stuart Varney programming details are as follows:
Date: Tuesday, April 28, 2015
Start Time: 12:50 pm EST
Live TV: Fox Business Network
About 22nd Century Group, Inc.
22nd Century Group is a plant biotechnology company focused on
technology which allows it to increase or decrease the level of nicotine
in tobacco plants through genetic engineering and plant breeding. The
Company’s mission is to reduce the harm caused by smoking. 22nd Century
owns or exclusively controls 128 issued patents plus an additional 52
pending patent applications in 96 countries. The Company’s strong IP
position led to a licensing agreement with British American Tobacco
(“BAT”), the world’s second largest tobacco company. Visit www.xxiicentury.com
for more information.
Cautionary Note Regarding Forward-Looking Statements: This press
release contains forward-looking information, including all statements
that are not statements of historical fact regarding the intent, belief
or current expectations of 22nd Century Group, Inc., its directors or
its officers with respect to the contents of this press release. The
words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,”
“believe,” “intend” and similar expressions and variations thereof are
intended to identify forward-looking statements. We cannot guarantee
future results, levels of activity or performance. You should not place
undue reliance on these forward-looking statements, which speak only as
of the date that they were made. These cautionary statements should be
considered with any written or oral forward-looking statements that we
may issue in the future. Except as required by applicable law, including
the securities laws of the United States, we do not intend to update any
of the forward-looking statements to conform these statements to reflect
actual results, later events or circumstances, or to reflect the
occurrence of unanticipated events. You should carefully review and
consider the various disclosures made by us in our annual report on Form
10-K for the fiscal year ended December 31, 2014, filed on February 5,
2015, including the section entitled “Risk Factors,” and our other
reports filed with the U.S. Securities and Exchange Commission which
attempt to advise interested parties of the risks and factors that may
affect our business, financial condition, results of operation and cash
flows. If one or more of these risks or uncertainties materialize, or if
the underlying assumptions prove incorrect, our actual results may vary
materially from those expected or projected.
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