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.

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.

Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in the United States and internationally. The company also manufactures machine-made large cigars and pipe tobacco; and maintains a portfolio of leveraged and direct finance leases principally in transportation, including aircraft, as well as power generation and manufacturing equipment and facilities. It serves wholesalers and distributors, large retail organizations and chain stores, and the armed services. The company was founded in 1919 and is headquartered in Richmond, Virginia.

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.

Lorillard, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. The company offers 44 different product offerings under the Newport, Kent, True, Maverick, Old Gold, and Max brands. It sells its products primarily to wholesale distributors, who in turn service the retail outlets, chain store organizations, and government agencies, including the U.S. Armed Forces. The company was founded in 1760 and is based in Greensboro, North Carolina. Lorillard, Inc. (NYSE:LO) operates independently of Loews Corp. as of June 10, 2008.

Imperial Tobacco Canada makes cigarettes, loose-leaf tobacco, and other tobacco-related products, including filter papers and tubes. It also operates marketing and event-planning subsidiaries. The company's brand names include du MAURIER, Player's, John Player, JPS, Matine, Peter Jackson, Sweet Caporal, Embassy, Hi-Dro, and others. Amid slumping sales, Imperial Tobacco in 2005 shuttered the last of its Canadian-based cigarette-making plants. Imperial Tobacco Canada was established in 1908 and is a subsidiary of British American Tobacco, one of the world's largest cigarette companies.

Zippo's refillable lighters (which come with a lifetime guarantee) are sold in more than 120 countries. Zippo also owns W.R. Case & Sons Cutlery (pocketknives) and makes key holders, money clips, pocket flashlights, tape measures, and writing instruments. George Blaisdell founded Zippo in 1932 after watching a friend try to light a cigarette in the wind. His daughters, Harriet Wick and Sarah Dorn (and her sons, George and Paul Duke), own Zippo. Thousands of collectors converge on Bradford, Pennsylvania, for the company's biennial swap meet.

Governor's Distributors sells cigars and related tobacco products, as well as grocery items, to retail stores across the US. It also sells tobacco products and accessories, such as humidors, ashtrays, cutters, and torch lighters, to individuals through its Gotham Cigars Web site. The company is owned by the Balani family, who founded the company in 1997.

JTI - Japan Tobacco International is the international tobacco business of Japan Tobacco, the world's third largest industry player, with a global market share of 11% and market capitalization of approximately USD 32 billion.Our group was formed in 1999 when Japan Tobacco Inc. purchased, for USD 8 billion, the international tobacco operations of the US multinational R.J.Reynolds.In 2007, Gallaher, a FTSE 100 business, was acquired by Japan Tobacco for GBP 9.4 billion. At the time, this was the largest foreign acquisition by a Japanese company.

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.

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