General Tobacco continues corporate commitment to Master Settlement Agreement
Nov 7, 2007—General Tobacco has announced an advance deposit payment to the Master Settlement Agreement (MSA) for 2007 sales of more than $17 million dollars. The deposit payment comes as part of its commitment to the multi-state agreement by tobacco companies setting forth strict guidelines for tobacco marketing and advertising. General Tobacco is the fourth-largest cigarette manufacturer in the United States and became a signatory to the MSA in 2004. To date, General Tobacco has contributed more than $390 million to the MSA,
The MSA was created in 1998 between the major members of the tobacco industry and the Attorneys General of 46 states and five territories that has fundamentally changed how tobacco is marketed, advertised and promoted. GT voluntarily joined the MSA in 2004 to support the MSA’s mission of improving public health and reducing youth smoking. GT’s voluntary participation demonstrates the company’s commitment to fully comply with the marketing and advertising restrictions addressed in the MSA.
General Tobacco also announced an additional payment of $12.6 million this year to the United States Department of Agriculture for its sales of cigarettes and other tobacco products.
“General Tobacco’s voluntary participation and payments to the MSA demonstrates the strength of our operations and our commitment to our customers to be able to sell our products as full members of the MSA,” said J. Ronald Denman, Executive Vice President of General Tobacco. “As a company, we strongly believe in providing superior quality tobacco products at value-oriented prices to our consumers.”
The company has also announced that the progress of the company’s new $25 million manufacturing facility in Mayodan, North Carolina, is proceeding faster than expected. GT’s new headquarters are expected to be ready for operation in January of 2008, with the manufacturing
Nov 7, 2007—General Tobacco has announced an advance deposit payment to the Master Settlement Agreement (MSA) for 2007 sales of more than $17 million dollars. The deposit payment comes as part of its commitment to the multi-state agreement by tobacco companies setting forth strict guidelines for tobacco marketing and advertising. General Tobacco is the fourth-largest cigarette manufacturer in the United States and became a signatory to the MSA in 2004. To date, General Tobacco has contributed more than $390 million to the MSA,
The MSA was created in 1998 between the major members of the tobacco industry and the Attorneys General of 46 states and five territories that has fundamentally changed how tobacco is marketed, advertised and promoted. GT voluntarily joined the MSA in 2004 to support the MSA’s mission of improving public health and reducing youth smoking. GT’s voluntary participation demonstrates the company’s commitment to fully comply with the marketing and advertising restrictions addressed in the MSA.
General Tobacco also announced an additional payment of $12.6 million this year to the United States Department of Agriculture for its sales of cigarettes and other tobacco products.
“General Tobacco’s voluntary participation and payments to the MSA demonstrates the strength of our operations and our commitment to our customers to be able to sell our products as full members of the MSA,” said J. Ronald Denman, Executive Vice President of General Tobacco. “As a company, we strongly believe in providing superior quality tobacco products at value-oriented prices to our consumers.”
The company has also announced that the progress of the company’s new $25 million manufacturing facility in Mayodan, North Carolina, is proceeding faster than expected. GT’s new headquarters are expected to be ready for operation in January of 2008, with the manufacturing
