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TBCO: Recent news:
June 03, 2008
Tobacco One, Inc. Announces Acquisition of Tobacco Products Manufacturer for $9.5 Million in Cash and Seller Carried Financing
SCOTTSDALE, Ariz., Jun 03, 2008 (BUSINESS WIRE) -- Tobacco One, Inc. (PINK SHEETS: TBCO) announced today that they have entered into an agreement to purchase a leading U.S. tobacco product manufacturer. Under the terms of the agreement the name of the manufacturer is not be disclosed at this time.
This manufacturer currently produces several types of tobacco products including cigarettes, cigars and roll your own tobaccos under various brand names within the United States.
The business has gross annual sales of nearly $22 million with an estimated EBITDA of $2.5 million. Its annual growth rate has exceeded 30% per year over the past 4 years. The acquisition includes the purchase of all assets, equipment, machinery, trademarks, patents, production contracts and customer base. Current key management will stay on board for up to 3 years to oversee the continued expansion and to ensure a smooth transition for Tobacco One, Inc.
"This first acquisition will serve as the platform for Tobacco One's planned expansion into the Domestic and International marketplace," stated Shawn Ulizio, Tobacco One's President and CEO. "This purchase will enable Tobacco One, Inc. to have immediate representation in the domestic marketplace including such retailers as Sam's Club, Costco, 7-Eleven etc."
Ulizio also noted that the acquisition of this manufacturer will further facilitate Tobacco One's current business role in Latin America, where several contracts are currently being negotiated and are expected to close this quarter.
Tobacco One plans to make additional acquisitions in the future. These acquisitions are intended to position Tobacco One, Inc. as a premier manufacturer, marketer, and supplier of high quality, high margin tobacco products in the U.S. and abroad.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
SOURCE: Tobacco One, Inc.
CONTACT: Premier Media Services Inc.
Kelly Black, 866-465-5661 (Investor Relations)
kblack@premiermediaservice.com
Copyright Business Wire 2008
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KEYWORD: United States
North America
Arizona
INDUSTRY KEYWORD: Retail
Tobacco
SUBJECT CODE: Merger/Acquisition
Feb 29, 2008 Tobacco One Inc. (Formerly VTWN) Commences Trading under the Symbol TBCO
Tobacco One Inc. (Formerly VTWN) Commences Trading under the Symbol TBCO
SCOTTSDALE, Ariz., Feb 29, 2008 (BUSINESS WIRE) -- Tobacco One Inc. (OTC: TBCO.PK) plans to acquire companies focused on the manufacturing and direct national distribution of current high volume high margin tobacco products. The national distribution network will serve to properly brand our new cutting-edge product line currently under development. Tobacco One's industry focus is in the area of specialty cigarettes, cigars, and other tobacco products (OTP), as well as revolutionary new smoking alternative products. The Company looks to finalize its first acquisition in the 1st Qtr of 2008 and has additional acquisitions under review.
The Company is also focusing on international sales opportunities with an emphasis in Latin America. Currently, the Company is negotiating with several, multi-billion dollar Latin American companies. These negotiations have already produced "Letters of Intent," as well as representative agreements, further facilitating the inevitable distribution agreements that the Company expects in place during Qtr. 1 of 2008.
Upon completion of necessary acquisitions, the company plans to develop a two stage approach to improve the current organic growth rate of 30% to an estimated 300%. The first step is to develop a sales team in the local/regional marketplace where the company operates. Along with this local/regional approach, the sales team will receive training to cross-market the other services and products that the company provides. The second phase of the sales program is to develop a national sales group. This group will establish distribution channels through both direct sales, as well as agreements with national and regional distributors. Additionally, the national sales group will market the company's products to the largest Fortune 500 convenient store chains. The relationships with these large clients have been established by the management team over the past 25 years, primarily as suppliers to these large companies.
Upon completion of the necessary and required audits, the company will apply for a Bulletin Board, Amex, or NASDAQ small cap listing.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
SOURCE: Tobacco One Inc.
CONTACT: Fusion Consulting Group, LLC
Marlin Molinaro, 702-434-8692
Copyright Business Wire 2008
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KEYWORD: United States
North America
Arizona
INDUSTRY KEYWORD: Retail
Tobacco
