CLARIFICATION of Philip Morris USA Press Release.RICHMOND, Va. -- Philip Morris USA Philip Morris USA is the United States tobacco division of Altria Group, Inc. General information On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. Even under this new name, Altria continues to own 100% of Philip Morris USA. (NYSE NYSE See: New York Stock Exchange : MO) wishes to issue the following clarification to its release BW5322 (VA-PHILIP-MORRIS-USA) "Jury Rules in Favor of Philip Morris USA in Antitrust Trial" issued earlier Thursday: The first sentence of the first graph should read, "A federal jury in Nashville Wednesday, July 13, 2005, found that Philip Morris USA acted lawfully..." (sted: A federal jury in Nashville today found that Philip Morris USA acted lawfully...) The corrected release reads: JURY RULES IN FAVOR OF PHILIP MORRIS USA IN ANTITRUST TRIAL A federal jury in Nashville Wednesday, July 13, 2005, found that Philip Morris USA acted lawfully when it discontinued a trade program for vending machine vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. operators in 1998. "Philip Morris USA designs and implements its trade programs to meet consumers' needs in a highly competitive marketplace," said Denise Keane, Philip Morris USA executive vice president and general counsel. "The jury decided this case on the evidence, which clearly demonstrated that vending machines do not compete with convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , grocery stores, and other retail outlets, and therefore Philip Morris USA's business decision not to have a trade program for vending machines was lawful." A group of vending machine operators filed the suit against Philip Morris USA after the company ended a merchandising program for vending machine operators, while keeping a promotional and merchandising program for retailers. The plaintiffs claimed this was unfair and led to declining sales. The country's largest cigarette manufacturer, Philip Morris USA is an operating company operating company A business that engages in transactions with outsiders. of Altria Group “Philip Morris” redirects here. For the racecar driver, see Philip Morris (autoracer). Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc. , Inc. (NYSE: MO). For more information about the company, its products, programs and positions on tobacco-related issues, please visit www.philipmorrisusa.com. |
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