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CAO AND TORAÑO ANNOUNCE DISTRIBUTION AGREEMENT

CAO and Toraño Cigars, two of the world’s foremost premium cigar manufacturers, are pleased to announce that the companies have entered into a strategic distribution agreement whereby CAO will become the exclusive U.S. distributor for all Carlos Toraño Cigar brands. At the same time, CAO will also become the exclusive distributor for all Dunhill Cigar brands. The agreement will be effective January 2, 2008.

Increased demand for all three brands has fueled the need to expand production capacity and to strengthen distribution channels through enhanced sales and service support. By forming this distribution alliance, Toraño will devote more time to the manufacturing side of the business, whereas, CAO’s sales and marketing division will take over full responsibilities of all brands. “Toraño and CAO share the same company values,” said Toraño Cigar President Charlie Toraño. “A passion for cigars, consistent quality, innovation, and unparalleled customer service are the bedrock fundamentals that drive both companies.” CAO Chairman Gary Hyams added, “The Toraño family has been a wonderful friend of CAO for many years, supervising and managing our cigar operations in Nicaragua and Honduras. We are all very excited about this new level of partnership which will further bring the companies closer and, in turn, will increase the expansion of all brands involved. CAO is also very proud to have the Dunhill range on board, as the brand has a distinguished heritage in our industry and will further enhance CAO’s premium cigar presence.” “My family has been working with the Toraño family since 1994, and we are both passionate about our industry,” concluded CAO President Tim Ozgener. “Like us, the Toraño family is 100% committed to being the best at what we do. As the companies continue to grow, we are determined to focus even more on our strengths to take our products to a whole new level of excellence. This agreement is a big step in that direction.”
For more information on CAO and Carlos Toraño Cigars please visit www.caointernational.com. and www.toranocigars.com.
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