This announcement is not endorsed by CryptoNote. The proposed coin is not the official CryptoNote currency.

Here is our position on the matter:
https://forum.cryptonote.org/viewtopic.php?f=6&t=231#p786

CryptoNoteCoin is the name chosen by CryptoNote to create a non-sustainable currency for educational purposes only and serve as the technology showcase for the new users. The "CryptoNoteCoin" name was publicly revealed on July 3rd:

https://bitcointalk.org/index.php?topic=673203.msg7646900#msg7646900
https://bitcointalk.org/index.php?topic=673203.msg7658962#msg7658962

It is our strategic vision to avoid creating a viable coin under CryptoNote's brand. By doing so we preserve equal opportunity for all the community members to create a sustainable CryptoNote currency. That is why CryptoNote will be launching its own non-sustainable currency under CryptoNoteCoin name.

Even though we respect your right to create a CryptoNote currency, we kindly ask you to change its name and leave "CryptoNoteCoin" to official CryptoNote currency. Moreover, we'd like you to desist from using "CryptoNote" in the name of your coin to avoid any further confusion.

Thank you and we hope for your cooperation.

UPD: Official CryptoNoteCoin is launched https://bitcointalk.org/index.php?topic=686485