22nd Century Group, Inc. (NYSE MKT:XXII),
a leader in tobacco harm reduction, announced today that Rich & Rhine
Inc., an important tobacco products distributor based in Portland,
Oregon, has agreed to stock and promote RED SUN cigarettes. Starting
June 1, 2015, Rich & Rhine will effectively double RED SUN’s retail base
by placing RED SUN in more than 200 of its top independently-owned
retail accounts.
“Rich & Rhine is a great company with top notch sales representatives.
During my tenure at Santa Fe Natural, I witnessed, first hand, the
tremendous success of Rich & Rhine in growing super-premium cigarette
sales in the northwest part of the United States,” explained Henry
Sicignano III, President and Chief Executive Officer of 22nd Century
Group. “We are very pleased to count Rich & Rhine as a RED SUN customer
and strategic partner.”
To maximize the impact of the RED SUN roll-out across Portland and
Seattle, Rich & Rhine is targeting retail stores that enjoy the highest
percentage of premium cigarette sales – a customer base that closely
matches the RED SUN target market.
“Rich & Rhine has a great deal of experience with premium, all-natural
cigarettes like the American Spirit brand,” said Ron Squires,
Sales Manager for Rich & Rhine Distributors. “RED SUN is a rich,
flavorful cigarette. Not unlike the early days of American Spirit,
RED SUN looks to have tremendous appeal with progressive Portland and
Seattle smokers. We are very excited to partner with 22nd Century to
bring such a novel product to our independent-minded customer base.”
About 22nd Century Group, Inc.
22nd Century Group is a plant biotechnology company focused on
technology which allows it to increase or decrease the level of nicotine
in tobacco plants through genetic engineering and plant breeding. The
Company’s mission is to reduce the harm caused by smoking. 22nd Century
owns or exclusively controls 128 issued patents and 52 pending patent
applications in 96 countries. The Company’s strong IP position led to a
licensing agreement with British American Tobacco (“BAT”), the world’s
second largest tobacco company. Visit www.xxiicentury.com for
more information.
Cautionary Note Regarding Forward-Looking Statements: This press
release contains forward-looking information, including all statements
that are not statements of historical fact regarding the intent, belief
or current expectations of 22nd Century Group, Inc., its directors or
its officers with respect to the contents of this press release. The
words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,”
“believe,” “intend” and similar expressions and variations
thereof are intended to identify forward-looking statements. We cannot
guarantee future results, levels of activity or performance. You should
not place undue reliance on these forward-looking statements, which
speak only as of the date that they were made. These cautionary
statements should be considered with any written or oral forward-looking
statements that we may issue in the future. Except as required by
applicable law, including the securities laws of the United States, we
do not intend to update any of the forward-looking statements to conform
these statements to reflect actual results, later events or
circumstances, or to reflect the occurrence of unanticipated events. You
should carefully review and consider the various disclosures made by us
in our annual report on Form 10-K for the year ended December 31, 2014,
filed on February 6, 2015, including the section entitled “Risk
Factors,” and our other reports filed with the U.S. Securities and
Exchange Commission which attempt to advise interested parties of the
risks and factors that may affect our business, financial condition,
results of operation and cash flows. If one or more of these risks or
uncertainties materialize, or if the underlying assumptions prove
incorrect, our actual results may vary materially from those expected or
projected.
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