Charter Group International Inc. Merges with Intrastate Cigar Corp.LAS VEGAS--(BUSINESS WIRE)--Aug. 18, 1997--Charter Group International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CRGN) announced merger with Intrastate Cigar Corp. Intrastate Cigar specializes in the importation and distribution of its own premium, hand-rolled cigar brands In the list of cigar brands, those cases where two or more brands of cigars from different countries bear the same name, the one mentioned is the original one (e.g., Montecristo is listed under Cuba, although there exists a Dominican and a Mexican brand with the same name). and is one of the only companies in the world producing a complete line of flavored cigars marketed under the Paradiso label, which is one of the fastest growing cigar labels in the nation. Intrastate is in the process of opening its own manufacturing facility in the Tamboril Valley, 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. to help facilitate the rapid sales growth. Intrastate has long term commitments with several well-established and respected factories in the Dominican Republic and Nicaragua. Intrastate Cigar will sell its own brands of cigars and other brands through exclusive supply contracts that are being executed. The company has successfully opened approximately 700 retail tobacconists and distributors in the past 110 days. Intrastate is in the process of expanding its sales force in large numbers to establish sales in alternate markets, such as: duty free zones, liquor retailers and wholesalers, bars, restaurants, 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. , drug chains and in the international markets. The company is currently in negotiations with several well-respected name/labels with the intent to enter into licensing agreements to add branded labels of premium cigars and accessories. Intrastate's gross revenues have exceeded $250,000 in sales orders for the month of July, a 100 percent increase from the prior month. These sales orders are against true purchase orders that were delivered and are not consignment sales consignment sale auction sales of consignments of breeding cattle which are excess to the owner's requirements. . -0- The cigar industry has gone through a dramatic expansion, nearly tripling (273 percent in the past five years). Currently, there are more than 10 million cigar smokers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The fastest growing age group of new smokers is the 26-38 year old segment. Additionally approximately 20 percent of new cigar smokers are women. As of September 1996, more than 55 million cigars were on back order in the United States alone. CONTACT: Investor Relations Investor relations The process by which the corporation communicates with its investors. , 800/510-7288 or 602/607-0426 fax: 602/951-6865 |
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