| Business Summary | | Star
Scientific,
Inc.
and
its
wholly
owned
subsidiary,
Star
Tobacco
&
Pharmaceuticals,
Inc.
are
engaged
in:
the
development
of
scientific
technology
for
the
curing
of
StarCured
tobacco
so
as
to
prevent,
retard
or
significantly
reduce
the
formation
of
carcinogenic
toxins
present
in
tobacco
and
tobacco
smoke,
primarily,
the
tobacco
specific
nitrosamines
(TSNAs);
the
development
of
tobacco
products
that
deliver
substantially
less
carcinogenic
toxins,
namely
TSNAs,
along
with
enlarged
health
warnings
and
comparative
content
information;
the
manufacture
and
sale
of
four
discount
cigarette
brands,
which
currently
contain
only
a
small
portion
of
its
very
low-TSNA
StarCured
tobacco;
the
development
of
very
low
nitrosamine
smokeless
tobacco
products,
i.e.,
moist
snuff
and
hard
snuff
tobacco,
using
the
StarCured
tobacco
curing
process
to
produce
cured
tobacco
with
very
low
levels
of
carcinogenic
TSNAs;
and
the
research
and
continued
development
of
smoking
cessation
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | STSI
manufactures
and
sells
tobacco
products.
STSI
is
also
involved
in
the
research
and
development
of
less
harmful
tobacco
products
and
smoking
cessation
products.
For
the
six
months
ended
6/30/01,
net
sales
fell
9%
to
$81
million.
Net
income
rose
37%
to
$5.1
million.
Revenues
reflect
a
decrease
in
sales
of
cigarettes.
Earnings
were
offset
by
a
decrease
in
marketing
and
distribution
expenses
attributable
to
a
smaller
sales
force. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Paul Perito, 64 Chairman,
Pres, COO | $1.9M | Jonnie Williams, 44 CEO,
Director | 2.7M | Christopher Miller, 42 CFO,
Director | -- | Paul Lamb, lll, 68 Pres,
CEO of ST&P | -- | David Dean, 41 VP
of Sales and Marketing | 383K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|