Vector Group’s tobacco subsidiaries have a proud history of charting an independent course in the tobacco industry, dating from Liggett’s founding in 1873. In 1996, Liggett became the first tobacco company to settle certain smoking-related litigation. A year later, we led Liggett into its landmark announcement that smoking is addictive and causes cancer and other health ailments. To this day, Liggett – the fifth largest cigarette manufacturer in the U.S. – remains the only major tobacco company to carry “Smoking Is Addictive” warning labels on its cigarette packs and to list ingredients on its cartons. Liggett has a strong collection of discount cigarette brands, which includes Eve, Grand Prix, Pyramid and Liggett Select.Our Vector Tobacco subsidiary is focused on developing reduced risk cigarette products.Vector Group is also involved in the real estate business through its New Valley subsidiary. New Valley owns a 50% ownership interest in Douglas Elliman Realty LLC, which operates the largest residential real estate brokerage company in the New York metropolitan area. New Valley also holds investments in several significant real estate projects in California and New York.

KT&G's business goes up in a puff of smoke every day. As South Korea's leading cigarette manufacturer, KT&G enjoys about a 70% market dominance and exports its smokes under more than 20 different brand names to the US, China, and Central and Southeast Asia. The firm escaped government control in 2002 and has since added bio and pharmaceutical production, and real estate alongside its core cigarette manufacturing business. KT&G's products are also distributed in Russia, Mongolia, Uzbekistan, Lebanon, and the United Arab Emirates. The firm got its start in 1899 as the Korean imperial household's exclusive supplier of tobacco and ginseng.

Tobacco was brought to Europe 500 years ago by Columbus. In other parts of the world it has been known much longer.Tobacco has been used as a medical plant, as well as for rituals and pleasure - and the tobacco plant has been viewed as both the work of the Devil and as God's gift to man.Over centuries tobacco has played a central part in European culture across class barriers, generation gaps and borders. Tobacco has also left its hallmarks on the development of trade, craft and industry.

JR Cigar company that began as a small Manhattan cigar shop is now a leading distributor and retailer of premium cigars. Its retail operations include a few discount outlet stores (all in North Carolina) and a direct-mail catalog operation. Its stores also sell pipe tobacco, tobacco accessories, humidors, lighters, coffee, and other specialty items such as a Montecristo golf club set. Orders also are taken on the company's Web site, which features JR Cigar University. The company hosts auctions on its Web site, as well, at JR Cigar Auction. The online database contains extensive information on cigars -- everything from storing them to lighting them up.

Nat Sherman makes and sells premium cigars, cigarettes, pipes, tobacco, and smoking accessories (ashtrays, cigar cutters and cases, humidors, lighters) throughout the US and in more than 40 countries worldwide. Exclusive brands include Fantasia (cigarettes), Maduro, Metropolitan, and Gotham (cigars). Run by the third-generation of the Sherman family, Joel Sherman (company president) and his son Bill (EVP), the firm operates a showroom on Fifth Avenue at 42nd Street in New York City and manufactures its products in Greensboro, North Carolina. The company was founded in the 1930s by its namesake, the tobacconist Nat Sherman.

Imperial Tobacco Group has traded up to an even bigger throne. Its acquisition of Spain's Altadis in 2008 added the Montecristo and Ducados brands. Its purchase of German tobacco firm Reemtsma (Davidoff and West cigarettes) doubled its size and made it one of the world's top tobacco firms. Imperial's other brands include Lambert & Butler, the UK's #1 cigarette, as well as Castella cigars, and Amphora and St Bruno pipe tobacco. Its Drum brand is the #1 hand-rolling tobacco worldwide, and Rizla is a top cigarette paper. Acquisitions in Australia and New Zealand have assured Imperial's presence in emerging markets.

S&M counts two things -- cigarettes and racing -- among its favorites. S&M Brands makes and markets cigarettes under the Bailey's Cigarettes brand name, as well as under the Freedom of Choice label. CEO Malcolm (Mac) Bailey and his son Steven established the company in 1994. The "S&M" in the corporate name stands for "Steve and Mac." Bailey's Cigarettes are sold throughout the Southeastern US in Alabama, Florida, Delaware, Georgia, Tennessee, Kentucky, the Carolinas, West Virginia, Maryland, and Virginia. S&M is a closely held, family-run company that boasts fifth-generation tobacco growers. The firm sponsors a NASCAR racing team to promote its brand.

ITC walks with the other giants of the Indian business world -- Tata and Reliance. Primarily, the company makes cigarettes and tobacco, as well as papers and packaging. It manages lines of branded apparel, personal care products, and prepackaged food. ITC also runs hotels and exports agricultural commodities (including rice, wheat, and lentils). The company is India's second-largest exporter of agri-products. Its major brands include India Kings, Insignia, Navy Cut, Scissors, and Gold Flake (cigarettes); Wills Sport and John Players (clothing); Kitchens of India and Aashirvaad (prepackaged food); and Expressions (greeting cards). It is also parent to one of India's leading technology companies, ITC Infotech.

British American Tobacco p.l.c., through its subsidiaries, engages in the manufacture, distribution, and sale of tobacco products. The company offers cigars and cigarettes under the Dunhill, Kent, Lucky Strike, Pall Mall, Vogue, Viceroy, Rothmans, Kool, Benson & Hedges, State Express 555, Peter Stuyvesant, and John Player Gold Leaf brand names. It also sells Swedish-style snus, a form of smokeless tobacco. The company has operations in Europe, the Asia-Pacific, Latin America, Africa, the Middle East, and America-Pacific. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.

British American Tobacco South Africa (BATSA) wants to smoke the competition by having its customers light up and keep the flame burning. The company makes and markets more than 27 brands, including local industry leaders Peter Stuyvesant and Lucky Strike. BATSA also buys more than 60% of all locally grown tobacco. In South Africa, the company is a smoking superstar, accounting for some 65% of the country's market share (which consists of nearly a quarter of the nation's adult population). BATSA was established in 1904 as United Tobacco Company. The company's current incarnation is a result of a combination of parent BAT and Rothmans International.

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