Global Counterfeiting Costs Each Major Drug and Cigarette Maker a Million Dollars+ a Day; Americas Watchdog Launches New Service to Protect Consumers and Corporate Profits
Americas Watchdog has launched its Global Piracy & Counterfeiting Consultants initiative as a way to protect consumers as well as corporate profits in the growing world of product counterfeiting. The group estimates that the world's top 10 pharmaceutical companies, and the world's top five tobacco companies lose a minimum of $1,000,000+ per day to global counterfeiters. There is no service like the Global Piracy & Counterfeiting Consultants in the world. According to Americas Watchdog, "Global Counterfeiting is a dangerous sewer that will not get cleaned up with a 9-to-5 or look the other way approach". Global product counterfeiting is bad for consumers and it costs corporations.
(PRWEB) June 21, 2007 -- Americas Watchdog has launched its Global Piracy & Counterfeiting Consultants as a way to protect consumers from potentially lethal counterfeit products, as well as to protect corporate profits and shareholders interests. According to Americas Watchdog, "pharmaceutical companies and tobacco companies are at the top of the list of corporations losing billions of dollars to product counterfeiters each year". Americas Watchdog estimates that the worlds top 10 pharmaceutical companies and the worlds top five tobacco companies each lose a minimum of $1,000,000+ per day due to product counterfeiting. The U.S.-based Center for Medicines in the Public Interest predicts that "counterfeit drug sales will reach $75 billion globally by 2010, an increase of more than 90% from 2005".
Americas Watchdog has created its Global Piracy & Counterfeiting Consultants service to assist corporations in identifying & shutting down product counterfeiting operations, through integrated buy operations designed to prove who is making the counterfeit products, along with identifying their retail/wholesale distribution networks. CEO's, CFO's and general counsels of pharmaceutical companies or cigarette makers, along with their shareholders, should be outraged. "It's a million dollars+, lost per day-minimum for these companies". In the case of Viagra, Cialis & Levitra ED drugs or Marlboro Cigarettes, its billions of dollars lost each per year.
As an example, Americas Watchdog estimates that 75% of the Internet ED "pharmacies" are little more than fronts for counterfeiters and organized crime. When Americas Watchdog asked a "sales manager" of a pharmaceutical company if they might be interested in finding out who is making and selling counterfeit medications, they were told, "we really don't care, its just a cost of doing business. I'll see if someone can get back to you" (they never did). For a CEO, CFO, general counsel or an outside general counsel of a pharmaceutical company or a cigarette firm, Americas Watchdog thinks this was the wrong answer. Not only are consumers put at risk, but corporate profits and shareholders also suffer, with a look the other way attitude about product counterfeiting. If your law firm represents pharmaceutical or tobacco companies, the Global Piracy & Counterfeiting Initiative can help your clients as well as bring value to your relationship with your clients.
It's not just on line pharmacies: there are also on line cigarette stores.
Counterfeit cigarettes also pose an enormous health risk because the same quality control used in the US, or Europe are not found in the capital of cigarette counterfeiting -- China. China is the world's biggest producer of counterfeit cigarettes. Eighty percent of the world's counterfeit cigarettes are made in China. Estimates are that China produces a minimum of 200 billion counterfeit cigarettes each year. That's more than enough to give every man, woman and child in the US, 33 free packs of cigarettes. Most counterfeit cigarettes are manufactured in the southern Chinese provinces of Guangdong and Fujian. Small villages see the production of cigarettes as a good source of income. However, these village industries account for only 20% of the counterfeit cigarettes produced each year. The majority of cigarettes are produced in factories run by Chinese or Russian organized crime syndicates (80%). The fact that organized crime is so involved in this worldwide product counterfeiting sewer makes going after the problem anything but a 9-to-5 job, for a corporate official or a corporate law firm.
Americas Watchdog's Global Piracy & Counterfeiting Consultants is the only firm of its type in the world. Its entire purpose is to protect consumers and corporate profits at the same time. The Global Piracy & Counterfeiting Consultants would like to hear from any pharmaceutical, tobacco or other manufacturers to see how they can tailor suit a program that will succeed in making counterfeiting a much more complicated and risky business for the counterfeiter. If you are a CEO, CFO, general counsel, sales manager or outside general counsel of a pharmaceutical, tobacco or software/entertainment/fashion corporation and you would like to increase corporate profits and at the same time protect your customers, please feel free to contact the Global Piracy & Counterfeiting Consultants at anytime (Http://GP-CC.Com). Media representatives are welcome to contact the Global Piracy & Counterfeiting Consultants at 866-714-6466.
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