{"id":475992,"date":"2021-04-14T07:33:07","date_gmt":"2021-04-14T11:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\/"},"modified":"2021-04-14T07:33:07","modified_gmt":"2021-04-14T11:33:07","slug":"consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\/","title":{"rendered":"Consumer Research Study of TAAT\u2122 Product and Brand Among Smokers Aged 21+ in OH, MI, IL, and PA Reflects Strong Reception"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">LAS VEGAS and VANCOUVER, British Columbia, April  14, 2021  (GLOBE NEWSWIRE) &#8212; <strong>TAAT<\/strong>\u2122<strong> LIFESTYLE &amp; WELLNESS LTD. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) (the \u201cCompany\u201d or \u201cTAAT<\/strong>\u2122<strong>\u201d)<\/strong> recently engaged Toronto-based market research firm Burak Jacobson Partners Inc. (\u201cBurak Jacobson\u201d) to conduct a two-part market research study among smokers aged 21+ regarding the TAAT\u2122 concept, brand image, and product user experience. The research yielded several potentially beneficial insights and concluded that the participants generally had an overall positive impression of TAAT\u2122.<\/p>\n<p>Notable findings from the research study include the following:<\/p>\n<ul type=\"disc\">\n<li>Respondents who indicated a desire to discontinue or cut down on smoking were asked <em>\u201cWhat, if anything, do you dislike about smoking cigarettes?\u201d<\/em>, and over 65% cited the financial burden of purchasing tobacco cigarettes;<\/li>\n<li>More than half of all respondents in the initial group stated they \u201cDefinitely Would\u201d or \u201cProbably Would\u201d purchase TAAT\u2122 at proposed price points for Ohio, Michigan, Illinois, and Pennsylvania. Of the 28% who indicated they \u201cDefinitely Would\u201d purchase the product, nearly half cited the attractive retail price compared to their regular brand of cigarettes; and<\/li>\n<li>The ability to purchase TAAT\u2122 online was a major driver of interest in the product, with 95% of respondents stating this was an \u201cExtremely Appealing\u201d, \u201cVery Appealing\u201d, or \u201cSomewhat Appealing\u201d aspect of TAAT\u2122, boosting interest for 78% of smokers who participated in the study.<\/li>\n<\/ul>\n<p align=\"center\">To view Picture 1 accompanying this release please visit:<br \/><a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/033dbb35-b54b-4eef-8295-5e5546b9a506\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/033dbb35-b54b-4eef-8295-5e5546b9a506<\/a><\/p>\n<p \/>\n<p align=\"center\">\n        <em>In a sample of more than 1,200 smokers aged 21+ in Ohio, Michigan, Illinois, and Pennsylvania, 95% of those who \u201cDefinitely Would\u201d or \u201cProbably Would\u201d purchase TAAT\u2122 found the concept of purchasing the product online to be \u201cExtremely\u201d, \u201cVery\u201d, or \u201cSomewhat\u201d appealing. The TAAT\u2122 e-commerce portal launched on Wednesday, February 17, 2021 and has attracted a customer base from dozens of U.S. states.<\/em>\n      <\/p>\n<p align=\"center\">\n        <strong>Readers using news aggregation services may be unable to view the media above. Please access SEDAR or the <\/strong><br \/>\n        <strong><br \/>\n          <em>Investor Relations<\/em><br \/>\n        <\/strong><br \/>\n        <strong> section of the Company\u2019s website for a version of this press release containing all published media.<\/strong>\n      <\/p>\n<p>As the Company continues its launch initiatives for TAAT\u2122 in Ohio as well as online across the United States, the insights gained from this consumer research study will play a role in optimizing strategies to grow market share in Ohio and to launch TAAT\u2122 at retail in nearby states in the future.<\/p>\n<p>In this study, a group of 1,204 smokers aged 21+ in Ohio, Michigan, Illinois, and Pennsylvania were queried about their perception of TAAT\u2122 in concept and how they anticipate they might use TAAT\u2122 either in place of or alongside their current tobacco cigarette of choice. From this group, a subset of 176 participants in Ohio were shipped cartons of TAAT\u2122 <em>Original<\/em>, <em>Smooth<\/em>, or <em>Menthol<\/em> and asked to complete an in-home trial, providing their feedback in an online questionnaire.<\/p>\n<p>The initial 1,204-person group in this study consisted of 60% male and 40% female respondents from a variety of age groups (29% ages 21-34, 39% ages 35-54, 32% aged 55+), with approximately 70% residing in suburban or rural areas. On average, smokers in this group consumed more than 90 cigarettes per week, and nearly one third were users of both tobacco cigarettes and electronic cigarettes. Nearly half of those who indicated they use electronic cigarettes stated they do so as a way of reducing their tobacco intake, while only 14% indicated they have sustained their usage of electronic cigarettes for five or more years.<\/p>\n<p>Nearly three quarters of survey responses from Ohio smokers who participated in the in-home use test of TAAT\u2122 gave ratings of \u201cVery Good\u201d or \u201cSomewhat Good\u201d with regard to the overall product quality. Notably, these sentiments were much higher among those who sampled TAAT\u2122 <em>Menthol<\/em>, with 84% of respondents providing such ratings. These findings are consistent with early-stage retail market performance of TAAT\u2122 <em>Menthol<\/em>, which was the first TAAT\u2122 variety to be sold out and reordered by tobacco retailers in Ohio, as announced in the Company\u2019s <a href=\"https:\/\/www.globenewswire.com\/en\/news-release\/2021\/01\/12\/2157470\/0\/en\/TAAT-Menthol-is-the-First-TAAT-Variety-to-be-Sold-Out-and-Reordered-by-Ohio-Tobacco-Retailers.html\" rel=\"nofollow noopener\" target=\"_blank\"><u>January 12, 2021 press release<\/u><\/a>.<\/p>\n<p align=\"center\">To view Picture\u00a02 accompanying this release please visit:<br \/><a href=\"https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/929cd9ea-0d34-4bc8-8a2c-065e107ff0c4\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/929cd9ea-0d34-4bc8-8a2c-065e107ff0c4<\/a><\/p>\n<p \/>\n<p align=\"center\">\n        <em>Nearly three quarters of smokers aged 21+ in Ohio who sampled TAAT\u2122 Original, Smooth, or Menthol in the follow-up study gave ratings of \u201cVery Good\u201d or \u201cSomewhat Good\u201d with regard to overall quality. Those who sampled TAAT\u2122 Menthol gave the highest ratings, with 84% of respondents classifying this variety as \u201cVery Good\u201d or \u201cSomewhat Good\u201d.<\/em>\n      <\/p>\n<p align=\"center\">\n        <strong>Readers using news aggregation services may be unable to view the media above. Please access SEDAR or the <\/strong><br \/>\n        <strong><br \/>\n          <em>Investor Relations<\/em><br \/>\n        <\/strong><br \/>\n        <strong> section of the Company\u2019s website for a version of this press release containing all published media.<\/strong>\n      <\/p>\n<p>TAAT\u2122 Chief Executive Officer Setti Coscarella commented, \u201cConducting this study among smokers aged 21+ in Ohio and neighbouring states after launching the product in Q4 2020 enables us to make near-term business decisions based on a combination of practical and theoretical insights. Based on how frequently TAAT\u2122 is reordered by retailers in Ohio and purchased online by smokers aged 21+ across the country, we know there is continued interest\u2026 however, we need far more information than that in order to intelligently plan our efforts to roll TAAT\u2122 out on a larger scale. In this two-part consumer research study, we learned many things about how TAAT\u2122 is perceived both as a brand and as a product in concept, in addition to how the user experience of TAAT\u2122 is regarded among those who sampled it. The responses to this study reinforced our belief that TAAT\u2122 has several competitive advantages in the USD $814 billion global tobacco industry, including the novel element of being nicotine-free and tobacco-free, an attractive price point compared to tobacco cigarettes, and the ability to purchase TAAT\u2122 online. As we expand our market footprint in 2021, we intend to capitalize on these advantages to capture the interest of smokers aged 21+ and further establish TAAT\u2122 as a better choice and a recognized brand name in the tobacco category.\u201d<\/p>\n<p>On behalf of the Board of Directors of the Company,<\/p>\n<p>\n        <strong>TAAT<\/strong>\u2122<strong> LIFESTYLE &amp; WELLNESS LTD.<\/strong><\/p>\n<p>\u201cSetti Coscarella\u201d<\/p>\n<p>Setti Coscarella, CEO and Director<\/p>\n<p>For further information, please contact:<\/p>\n<p>TAAT\u2122 Investor Relations<br \/>1-833-TAAT-USA (1-833-822-8872)<br \/><a href=\"mailto:investor@taatusa.com\" rel=\"nofollow noopener\" target=\"_blank\"><u>investor@taatusa.com<\/u><\/a><\/p>\n<p>THE CANADIAN SECURITIES EXCHANGE (\u201cCSE\u201d) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE\u2019S REGULATION SERVICES PROVIDER.<\/p>\n<p>\n        <strong>About TAAT<\/strong>\u2122<strong> Lifestyle &amp; Wellness Ltd.<\/strong><\/p>\n<p>The Company has developed TAAT\u2122, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in &#8220;Original&#8221;, &#8220;Smooth&#8221;, and &#8220;Menthol&#8221; varieties. TAAT\u2122&#8217;s base material is Beyond Tobacco\u2122, a proprietary blend which undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with &#8220;Big Tobacco&#8221; pedigree, TAAT\u2122 was launched first in the United States in Q4 2020 as the Company seeks to position itself in the $814 billion<sup>1<\/sup> global tobacco industry.<\/p>\n<p>For more information, please visit <a href=\"http:\/\/taatglobal.com\" rel=\"nofollow noopener\" target=\"_blank\"><u>http:\/\/taatglobal.com<\/u><\/a>.<\/p>\n<p>\n        <u>References<\/u>\n      <\/p>\n<p>\n        <sup>1<\/sup><br \/>\n        <a href=\"https:\/\/www.bat.com\/group\/sites\/UK__9D9KCY.nsf\/vwPagesWebLive\/DO9DCKFM\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <u>British American Tobacco &#8211; The Global Market<\/u><br \/>\n        <\/a>\n      <\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This news release contains \u201cforward-looking information\u201d within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as \u201cplans\u201d, \u201cexpects\u201d or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201cestimates\u201d, \u201cintends\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d, or \u201cbelieves\u201d, or variations of such words and phrases or state that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d or \u201cwill\u201d be taken, occur, or be achieved. Forward-looking information in this news release includes statements regarding the potential launch of Beyond Tobacco\u2122, in addition to the following: Potential outcomes from data captured in the consumer research study for TAAT\u2122 conducted in Q1 2021 among smokers aged 21+. The forward-looking information reflects management\u2019s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. 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. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes to the growth and size of the tobacco markets; and (iii) other factors beyond the control of the Company. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for the Company\u2019s management to predict all risk factors, nor can the Company assess the impact of all factors on Company\u2019s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.<\/p>\n<p>The statements in this news release have not been evaluated by Health Canada or the U.S. Food and Drug Administration. As each individual is different, the benefits, if any, of taking the Company\u2019s products will vary from person to person. No claims or guarantees can be made as to the effects of the Company\u2019s products on an individual\u2019s health and well-being. The Company\u2019s products are not intended to diagnose, treat, cure, or prevent any disease.<\/p>\n<p>This news release may contain trademarked names of third-party entities (or their respective offerings with trademarked names) typically in reference to (i) relationships had by the Company with such third-party entities as referred to in this release and\/or (ii) client\/vendor\/service provider parties whose relationship with the Company is\/are referred to in this release. All rights to such trademarks are reserved by their respective owners or licensees.<\/p>\n<p>\n        <strong>Statement Regarding Third-Party Investor Relations Firms<\/strong>\n      <\/p>\n<p>Disclosures relating to investor relations firms retained by TAAT\u2122 Lifestyle &amp; Wellness Ltd. can be found under the Company&#8217;s profile on <a href=\"http:\/\/sedar.com\" rel=\"nofollow noopener\" target=\"_blank\"><u>http:\/\/sedar.com<\/u><\/a>.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNjc3NyM0MTIwMDQ0IzUwMDA2NjMxNQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/8a8e15a6-b080-4399-a422-12d500fcfa84\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LAS VEGAS and VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) &#8212; TAAT\u2122 LIFESTYLE &amp; WELLNESS LTD. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) (the \u201cCompany\u201d or \u201cTAAT\u2122\u201d) recently engaged Toronto-based market research firm Burak Jacobson Partners Inc. (\u201cBurak Jacobson\u201d) to conduct a two-part market research study among smokers aged 21+ regarding the TAAT\u2122 concept, brand image, and product user experience. The research yielded several potentially beneficial insights and concluded that the participants generally had an overall positive impression of TAAT\u2122. Notable findings from the research study include the following: Respondents who indicated a desire to discontinue or cut down on smoking were asked \u201cWhat, if anything, do you dislike about smoking cigarettes?\u201d, and over 65% cited the financial burden of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Consumer Research Study of TAAT\u2122 Product and Brand Among Smokers Aged 21+ in OH, MI, IL, and PA Reflects Strong Reception&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-475992","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Consumer Research Study of TAAT\u2122 Product and Brand Among Smokers Aged 21+ in OH, MI, IL, and PA Reflects Strong Reception - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consumer Research Study of TAAT\u2122 Product and Brand Among Smokers Aged 21+ in OH, MI, IL, and PA Reflects Strong Reception - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LAS VEGAS and VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) &#8212; TAAT\u2122 LIFESTYLE &amp; WELLNESS LTD. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) (the \u201cCompany\u201d or \u201cTAAT\u2122\u201d) recently engaged Toronto-based market research firm Burak Jacobson Partners Inc. (\u201cBurak Jacobson\u201d) to conduct a two-part market research study among smokers aged 21+ regarding the TAAT\u2122 concept, brand image, and product user experience. The research yielded several potentially beneficial insights and concluded that the participants generally had an overall positive impression of TAAT\u2122. Notable findings from the research study include the following: Respondents who indicated a desire to discontinue or cut down on smoking were asked \u201cWhat, if anything, do you dislike about smoking cigarettes?\u201d, and over 65% cited the financial burden of &hellip; Continue reading &quot;Consumer Research Study of TAAT\u2122 Product and Brand Among Smokers Aged 21+ in OH, MI, IL, and PA Reflects Strong Reception&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-14T11:33:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNjc3NyM0MTIwMDQ0IzUwMDA2NjMxNQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Consumer Research Study of TAAT\u2122 Product and Brand Among Smokers Aged 21+ in OH, MI, IL, and PA Reflects Strong Reception\",\"datePublished\":\"2021-04-14T11:33:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\\\/\"},\"wordCount\":1695,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxNjc3NyM0MTIwMDQ0IzUwMDA2NjMxNQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\\\/\",\"name\":\"Consumer Research Study of TAAT\u2122 Product and Brand Among Smokers Aged 21+ in OH, MI, IL, and PA Reflects Strong Reception - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/consumer-research-study-of-taat-product-and-brand-among-smokers-aged-21-in-oh-mi-il-and-pa-reflects-strong-reception\/","og_locale":"en_US","og_type":"article","og_title":"Consumer Research Study of TAAT\u2122 Product and Brand Among Smokers Aged 21+ in OH, MI, IL, and PA Reflects Strong Reception - Market Newsdesk","og_description":"LAS VEGAS and VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE) &#8212; TAAT\u2122 LIFESTYLE &amp; WELLNESS LTD. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) (the \u201cCompany\u201d or \u201cTAAT\u2122\u201d) recently engaged Toronto-based market research firm Burak Jacobson Partners Inc. (\u201cBurak Jacobson\u201d) to conduct a two-part market research study among smokers aged 21+ regarding the TAAT\u2122 concept, brand image, and product user experience. The research yielded several potentially beneficial insights and concluded that the participants generally had an overall positive impression of TAAT\u2122. 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