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We are already seeing the impact to Newport with this past quarter trends accelerating to 0.5% of year-over-year share gains (up from 0.3%). During a CSP webinar last November, Modi said the portfolios of Lorillard and Reynolds are very complementary from a geographic standpoint, with Lorillard strong in the East but weak in the West, while RAI is strong in the West and weak in the East

and, perhaps insidiously, targeted tobacco company advertising in poorer neighborhoods

21 Nov 1993.

For example, premium products in different industries may symbolize: Confidence Success Independence Sophistication Marlboro positioned itself as a brand aligned with individuality and personal strength

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Hatfield, PA 19440 Phone: 215-393-3000 Email: [email protected] Fax: 215-368-9055 Valuations by Appointment Hatfield Tuesdays 1:00PM - 4:00PM Appointments Preferred, Walk-Ins Welcome