Niche Resources Expands Premium Cigar Humidor Program.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--March 1, 1999--Niche Resources Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:NHRS NHRS New Hampshire Retirement System NHRS National Health Research System (Philippines) NHRS National Human Rights Structure ) announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , The Old Scottsdale Cigar Co., is expanding its premium cigar humidor hu·mi·dor n. A container designed for storing cigars or other tobacco products at a constant level of humidity. [From humid (on the model of cuspidor).] program with Smith's Food & Drug, a subsidiary of Fred Meyer Inc. (NYSE NYSE See: New York Stock Exchange :FMY FMY Ft. Myers, FL - Page Field (Airport Code) ). The Smith's division located in Salt Lake City is expanding the number of locations where a "free standing" floor model humidor will be placed. This adds to the Smith's program in place in the New Mexico district. Old Scottsdale Cigar now has placed over 130 humidors in grocery stores such as Smith's, Kroger (NYSE:KR), Albertson's (NYSE:ABS) and various independents. Bruce Griffin, chief executive officer of Niche stated, "Old Scottsdale Cigar is committed to expansion of its humidor program in mass grocery. This segment of the premium cigar business is continuing to show strong growth. We are constantly monitoring our program and upgrading our cigar selection to offer our customers the finest program available in mass grocery." Niche Resources also owns Desert Palm Scottsdale, a 14 year old specialty market distribution company, and Pheasant International of Las Vegas. Pheasant is a recent acquisition specializing in the distribution of hand-crafted leather goods imported from Spain and Signature Pheasant cigars to the retail tobacconist. Pheasant also owns a retail tobacco store and private club in Las Vegas. Note to Editors: "Safe Harbor" Statements under 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 statements contained in this release which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. For further information contact Investor Relations 602/998-0775, fax 602/998-1775 or e-mail: niche@oscigar.com http://www.oscigar.com |
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