Caribbean Cigar Sets New Effective Date for 1-for-8 Reverse Split of its Common Stock.MIAMI--(BUSINESS WIRE)--Aug. 21, 1998--Caribbean Cigar Co. (Nasdaq:CIGR) Friday reported that its previously announced 1-for-8 reverse split of its common stock, which was approved earlier this month by its board of directors, will now be effective on Sept. 1, 1998. Caribbean Cigar Co. manufactures and distributes Signature Collection (SC)(tm), Calle Ocho(r), Free Cuba(tm), Celestino Vega(r), Rum Runner Rum Runner may refer to:
n. pl. am·a·ret·tos An Italian liqueur flavored with almond. [Italian, diminutive of amaro, bitter, from Latin am . The company is based in Miami and has production facilities 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. . Statements about the Company's future expectations and all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements.
CONTACT: B. Alan Associates, Inc., Boca Raton, Fla.
Barry A. Rothman, 561/483-7743
or
Caribbean Cigar Company, Miami
J.D. Jenkins, 305/267-3911
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