News Focus
News Focus
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EZ2

01/08/08 2:40 PM

#336 RE: king3939 #335

I hope we can sustain the rebound.....but, I'll feel better
when the Q4 numbers come out. Need to really see HOW MUCH
impact that real estate business is having. I expect to
see slippage in tobacco revs ------- but, margins should be
OK.....I hope !
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EZ2

01/10/08 8:43 AM

#337 RE: king3939 #335

not sure how much.....if any......impact here to VGR !!


UPDATE 2-Russians face total cigarette ad ban
Thu Jan 10, 2008 8:28am EST
(Recasts, adds comment from government, BAT)

By Guy Faulconbridge

MOSCOW, Jan 10 (Reuters) - Russians, among the world's heaviest smokers, face a ban on all cigarette advertising as part of government plans to improve national health and halt a population slide.

Russia, Europe's biggest cigarette market and the third largest globally, is a significant generator of profits for tobacco companies which have struggled to break into China, the world's biggest consumer of tobacco.

The World Health Organisation (WHO) says tobacco smoking kills about 5 million people globally each year and the number could double by 2020 if current trends continue.

Russia's health ministry estimates some 330,000 to 500,000 deaths a year are caused by smoking-related illness and latest government figures say the population of 142 million is shrinking by some half a million annually, although the pace of decline is easing.

The government already limits tobacco advertising but said on Thursday the cabinet had approved a draft law to join WHO's Framework Convention on Tobacco Control which encourages countries to ban all ads, promotion and sponsorship within five years of joining.

The draft law still has to be approved by parliament and signed into law by the Russian president.

Russia's cigarette market is dominated by global tobacco companies Japan Tobacco Inc. (2914.T: Quote, Profile, Research), Altria Group's (MO.N: Quote, Profile, Research) Philip Morris division, British American Tobacco Plc (BATS.L: Quote, Profile, Research) and Imperial Tobacco (IMT.L: Quote, Profile, Research).


RUSSIAN SMOKING

The WHO Convention seeks to cut smoking and counter attempts by tobacco multinationals to attract smokers in developing countries.

"The contents of the Convention fully accord with Russia's national interests and acceptance of the Convention would help form a healthy way of life and strengthen the nation's health," according to materials prepared for the cabinet meeting.

The Convention says signatories should impose a comprehensive ban on all tobacco advertising or at least restrict marketing, promotion and sponsorship.

Alexander Lyuty, director of corporate affairs at BAT Russia, supported ratification of the Convention but called for an individual approach in each country.

"A host of the Convention's provisions have already been put into effect by Russian law -- Russia has already banned outdoor, television and radio advertising of tobacco products," Lyuty said.

"Our company welcomes the fact that the Framework Convention recognises the necessity of respecting national peculiarities and constitutions," he said.

"There is no universal approach to the regulation of tobacco smoking. Every country is individual." (Reporting by Guy Faulconbridge, editing by Douglas Busvine/Will Waterman/David Cowell)


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EZ2

01/29/08 9:00 AM

#339 RE: king3939 #335

just an FYI ~~~ thought you might like to read this:

WSJ Page 1 Article...

This is a very favorable article on MO PMI growth strategies via new products and growth in international markets...

Philip Morris Readies Aggressive Global Push Division Spinoff Enables Blitz of New Products;
High-Tar Smokes in Asia
http://online.wsj.com/article_print/SB120156034185223519.html
By VANESSA O'CONNELL
January 29, 2008

LAUSANNE, Switzerland -- "Sitting in his office overlooking Lake Geneva, Philip Morris International Chief Executive André Calantzopoulos takes a long drag from an unusually short cigarette. Called Marlboro Intense, the product has been shrunk down by about a half inch, and offers smokers seven potent puffs apiece, versus the average of eight or so milder draws.

The idea behind Intense is to appeal to customers who, due to indoor smoking bans, want to dash outside for a quick nicotine hit but don't always finish a full-size cigarette. Pointing to his lit Intense, the CEO says there are "possibly 50 markets that are interested in deploying it."

....While smoking rates in developed countries have slowly declined, they have shot up dramatically in some developing counties, where PMI is a major player. These include Pakistan (up 42% since 2001), Ukraine (up 36%) and Argentina (up 18%)......."

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EZ2

01/29/08 5:11 PM

#340 RE: king3939 #335

DJ Open Acquisition Files $125M Blank-Check IPO

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Dow Jones Real-Time News for InvestorsSM
4:39 p.m. 01/29/2008



DOW JONES NEWSWIRES


Open Acquisition Corp., a newly organized blank-check company, filed an initial public offering Tuesday with the Securities and Exchange Commission to sell $125 million of units.

The New York company said it is seeking to acquire operating businesses in real estate brokerage, insurance brokerage and employee benefits, retail investment advisory and asset management services, quick service restaurants or tobacco industries.

The company was formed by Chairman Howard M. Lorber and Chief Executive Michael S. Liebowitz. Lorber is president and chief executive of Vector Group Ltd. (VGR), a holding company for a number of interests primarily focused on tobacco and real estate businesses. Liebowitz was most recently chairman and CEO of Harbor Group Ltd., a property and casualty brokerage firm.

The company plans to sell 12.5 million units at $10 each. Each unit consists of one share of common stock and one warrant, which entitles the holder to purchase one share of common stock at a price of $7.50, according to the company's prospectus with the SEC.

The company has also granted underwriter, Deutsche Bank Securities, a 30-day option to purchase up to 1.88 million additional units to cover overallotments.

The company has applied to list its units on the American Stock Exchange under the symbol OXE.U.


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EZ2

02/26/08 12:09 PM

#344 RE: king3939 #335

yea ~~~ Press Release Source: Vector Group Ltd.

Liggett Group to Introduce Grand Prix Snus
Tuesday February 26, 12:00 pm ET
Offers Premium Quality Smokeless Tobacco Product at Value Pricing


MEBANE, N.C.--(BUSINESS WIRE)--Vector Group Ltd.’s (NYSE: VGR - News), subsidiary, Liggett Group, announced today that it plans to introduce Grand Prix snus, a Premium quality pouched tobacco product designed for adult smokers who are interested in smokeless tobacco alternatives to cigarettes. Grand Prix snus will be available in a variety of test markets beginning in May 2008.

The product is the latest addition to the Grand Prix brand, the fastest growing U.S. cigarette brand over the past two years. Grand Prix snus will be sold at value pricing and will be available in three varieties: Original, Spearmint and Wintergreen.

Grand Prix snus will be manufactured in Sweden under an agreement with Snusab, a Stockholm-based manufacturer of premium snus products.

“We have been watching the growth and development of the U.S. snus market with great interest over the past 18 months and believe there is a significant opportunity to introduce our own snus product and build on our highly successful Grand Prix tobacco franchise,” said Ronald J. Bernstein, President and Chief Executive Officer of Liggett Group. “Grand Prix snus will offer adult consumers the highest quality product at affordable pricing. We are excited about this product launch and are confident that its taste and value proposition will appeal to a wide range of adult consumers. We are very pleased to work with Snusab, our Swedish-based manufacturing partner, in bringing premium quality Snus products to the U.S. market.”

Grand Prix snus will be available in select retail outlets throughout the following areas: Portland, Oregon; Kansas City, Missouri; Indianapolis, Indiana; Dallas/Fort Worth, Texas; Raleigh, North Carolina; Orlando, Florida; and Columbus, Ohio.

About Vector Group Ltd.

Vector Group Ltd. is a holding company that indirectly owns Liggett Group LLC, Vector Tobacco Inc. and New Valley LLC. Additional information concerning the company is available on the company’s website, www.VectorGroupLtd.com.

About Liggett Group LLC.

Liggett Group has been a North Carolina-based manufacturer of high quality cigarette brands for more than 100 years. The company is the proud maker of successful national brands such as Liggett Select, Eve, and Grand Prix. Liggett Group is a participant in the Master Settlement Agreement between the tobacco industry and 46 States, and complies with the advertising and marketing restrictions contained in the agreement including the prohibition against marketing tobacco products to youth. For more information, please visit our website at www.liggettvectorbrands.com.





Contact:
Sard Verbinnen & Co
Paul Caminiti / Carrie Bloom / Jonathan Doorley
212-687-8080
cbloom@sardverb.com

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Source: Vector Group Ltd.