Caribbean Cigar Announces Expansion and Relocation.MIAMI--(BUSINESS WIRE)--Oct. 20, 1997--Caribbean Cigar Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CIGR), international manufacturer and distributor of cigars and cigar related products announced the expansion and relocation of their world headquarters to a state of the art operating facility located in North Miami North Miami, city (1990 pop. 49,998), Dade co., SE Fla., a growing suburb of Miami, on Biscayne Bay; inc. 1926. It is mainly residential, but has considerable retail development. Manufactures include boats, wooden furniture, and aluminum products. . The new 32,000 square foot world headquarters includes 6,000 square feet of climate-controlled space specifically designed to store tobacco and cigars manufactured and distributed by the company. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Chris Hartranft, Miami representative for Curlin Inc., "The new Caribbean Cigar Company headquarters is the largest cigar distribution facility Curlin Inc. has worked with in 57 years of supplying corporations with distribution equipment." The expansion and relocation was necessary due to the 1,000% revenue growth since the company IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in August, 1996 (1996 revenues = $821K, 1997 revenues = $9.248 million). To date, the company operated all departments, including the production of 2.7 million cigars, from a 9,000 square foot facility located on S.W. 8th Street in Little Havana, Miami. -0- Caribbean Cigar Co. (NASDAQ: CIGR), headquartered in Miami, manufactures and/or markets cigars produced in the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. , Belgium and Indonesia. The company manufactures/distributes the following brands: Signature Collection(TM), Havana Classico(TM), Calle Ocho(R), Celestino Vega(R), Domino Park(R), Free Cuba(TM), Rum Runner(R), West Indies Vanilla(TM), Island Amaretto am·a·ret·to n. pl. am·a·ret·tos An Italian liqueur flavored with almond. [Italian, diminutive of amaro, bitter, from Latin am (TM), Alternativos, FUN Little Cigar(TM). Caribbean Cigar Co. currently operates retail stores in Key Largo, South Beach, Little Havana, Key West, Coconut Grove, Ocean Reef Club and Ft. Lauderdale, Fla. CONTACT: Amy Townsend, 305/716-2109 |
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