To: Frank Lijoi who wrote (608 ) 12/22/1997 12:44:00 PM From: Kris Dungan Read Replies (1) | Respond to of 1026
Monday December 22, 8:02 am Eastern Time Company Press Release Krantor Begins Shipping Premium Handmade Cigars to Major National Food Wholesalers and Supermarket Accounts DEER PARK, N.Y.--(BUSINESS WIRE)--Dec. 22, 1997--Krantor Corp. (NASDAQ: KRAN - news) announced today that the company has begun shipping cigars to major national food wholesalers and supermarket chain store accounts in several cities in the Northeast region. Initial shipments totaled almost $100,000 to approximately 35 accounts. The company has received commitments for distribution to an additional 100 stores in the Northeast region for January. Krantor management said that, based on the initial favorable receptions, the company expected that the growth in the number of retail accounts will be increasing dramatically in the following months. The company has developed a unique counter top humidor program for retailers as well as specially designed packaging for multiple unit sales. Response to the company's advertisements in leading retail trade magazines has been overwhelmingly favorable and sales presentations to several chains have been well received. Furthermore, the company believes that its experience in the retail industry has allowed it to penetrate the major store operations and wholesalers it services with its grocery products. The company has signed a definitive exclusive agreement with a prominent factory in the Dominican Republic. This agreement insures a full integration of support for the production of its premium handmade cigar labels which include Suarez Gran Reserve, Breton Legend, Don Otilio and Andulleros brands. The factory is capable of producing up to 500,000 premium handmade cigars per month. Krantor Corp. is engaged in the distribution of brand name grocery products, premium handmade cigars, pre-paid phone cards and frozen squid to major wholesalers and retailers in the U.S. and the Caribbean. Krantor can be reached on the World Wide Web at www.krantor.com.