Quote:
COCONUT CR , Fla., March 23, 2010 (GLOBE NEWSWIRE) -- Mobile Media Unlimited Holdings Inc. (Pink Sheets:MMUH) (MMUH) (DE) TzuFuma President Robert Paterson announced today TzuFuma has ceased all United States based distribution of E Cigarette product lines and is no longer seeking United States distribution companies unless they have distribution networks outside America.
Mr. Paterson stated, "Our experience in the United States although profitable is labor intensive and complex. While we believe the American market has the potential to be one the largest markets for a safe cigarette alternative, it is still in its infancy and there are bureaucratic and political barriers which have caused certain shipments (not ours) of E Cigarettes to be seized and barred from entry into the United States. While the overall legality of these seizures may be in question the outcome nevertheless, is still the same, the product can't enter the market and companies can and do suffer severe financial difficulties as a result. We would be neglectful to ourselves and our shareholders if we continued to operate under such circumstances. Our goal will be to re enter the US market with product lines deemed acceptable by the US Governing bodies and we are working diligently toward that goal. In addition our international business continues to grow, the market is gargantuan in overall size with far fewer barriers, more opportunity and quantifiably higher profit margins. To that end, TzuFuma has been working with our manufacturers to design a new fully self contained product line which will revolutionize the E Cigarette business worldwide. We will, of course, keep all concerned informed as to this products rollout."
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Perhaps someone can tell me what brand or models of e-cigs they make.
So I will know exactly what it is we here in the States will be missing out on.
The complete story can be found here.
MMU Holdings Inc. TzuFuma Updates on US E-Cig Import Conditions (PinkSheets:MMUH)