GUMM - Eliminate the Common Cold Message Board

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Biotech / Medical : GUMM - Eliminate the Common Cold

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To: Hank who wrote (2870)	10/26/2000 1:18:04 PM
From: DanZ	Read Replies (3) of 5582

I beg to differ with you. Swedish Match is a large company and doesn't include every little business decision that they make in their interim report. Here are some excerpts from the President of Swedish Match's annual address to Shareholders. If you take these comments together with the interim report, it is obvious that the joint venture with Gum Tech is one of their most important ventures. swedishmatch.com A program of intensive change and development has generated results that are culminating in the gradual emergence of a "new" Swedish Match. In many ways, we are now working with trends in society, while many of our competitors are working against them. The general themes of my address today will focus on how we implemented the program of change, the results we have achieved and the benefits we expect to derive in the near future. I should also mention that our focus on growth will require important elements of research and development. We are now allocating resources for innovative projects that seek new directions. One of these projects is our joint venture with Gum Tech International, an American company in which we own 51 percent of equity. With initial venture capital of USD 10 million, the company will study new business opportunities for non-tobacco based nicotine products. We have noticed a steady increase in the control of tobacco operations in all parts of the world, in parallel with reverse conditions for nicotine products that are not based on tobacco. These products will soon be sold in the same shops and stores that sell tobacco. And we intend to be positioned strongly when that day comes. I note that the joint venture with Gum Tech is the ONLY thing that he noted in that section of his speech. "One of these projects" implies that there are more than one project, but the only one that he mentioned is the one with Gum Tech. You can play it down all you want but you will be proven wrong in the long run. Something tells me you won't be around then because you are just a short term pump and dumper.

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