Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all
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While this proliferation of e-cigarettes helped to significantly boost wholesaler profits during that time, the stringent regulatory environment that has now taken hold, combined with the continued, social stigma against smoking and tobacco use overall is widely expected to further the reduction of traditional tobacco product consumption over the next five years
"What company would stand for having its brands, which are worth billions, taken away from them?" asked Bata's Mr McIntyre
E-cigarettes can help some smokers quit as they can create the same sensation of relaxing like real cigarettes