Revs up 80% Gross profit up 78% EPS .01 77% Tight 23% Float
Alec Bradley Cigar Corporation (FL Corp)
1750 N. W. 65th Avenue
Plantation, FL 33313
Phone: 954) 321-5991
Alec Bradley has established a relationship with Thompsons Cigar Company, a mail order catalog company in the United States. Alec Bradley presently supplies Thompsons Cigar Company with two of its cigar lines. Thompsons mails over 17,000,000 catalogues a year.
Revenues for 2002 were approximately $1,620,485, an increase of approximately $724,200, or 80.8%, from $896,295 for 2001. This was attributable to an increase in sales (number of units) resulting from the Company's successful introduction of new cigar lines during 2002 (Trilogy, Criollo and Figurado) and 2001 (Havana Sun Grown Cigars). The Company's gross profit was $629,160, an increase of approximately $276,400, or 78.3% from $352,842, due to the increase in sales. The increase in gross profit is directly attributable to the increase in sales.
As of the date of this report, there were 4,899,777 shares of the Company's Common Stock issued and outstanding. The following table sets forth information with respect to the beneficial ownership of each class of voting securities of the Company by: (1) each person known by the Company to be the owner of more than 5% of the outstanding shares of any class of voting securities; (2) each officer and director; and (3) all officers and directors as a group.
Alan V. Rubin 2,895,000 59.1%
Bruce A. Ginsberg 500,000 10.2%
Peter Troiano 400,000 8.1%