Cigarette Racing Team, Inc.

PROFILE Murder, drugs, and fast boats. What more could you want in a sea tale? For Cigarette Racing Team, less of the first two and more sales of the latter. Founded by Don Aronow -- who was gunned down at the behest of a rival boat yard owner in 1987 -- "cigarette boats" has become a generic description for powerful, narrow-bodied speedboats often linked to drug-running. A bona-fide Cigarette costs from $200,000 to $1 million and can reach speeds of 120 mph. Cigarette Racing Team, which has lost more than $8 million since 1994, rebuffed an acquisition offer by Alchemy Holdings in favor of investor Glenn Laken and his LBG Acquisitions.  COMPETITION Brunswick Corporation (BC) Fountain Powerboat Industries, Inc. (FPWR) Genmar Holdings, Inc. (dossier)		FINANCIAL OVERVIEW 1998 Sales (mil.): 7.00 1-Yr. Sales Growth: 225.6%  KEY PEOPLE • Penny Field     CFO  CONTACT INFO 3131 NE 188th St. Aventura, FL 33180 US Phone: 305-931-4564 Fax: 305-935-0276 Online: Web Site

	Company Data   News, quotes & more

		Hoover's Company Capsule Copyright © 2001, Hoover's Inc. Austin, Texas. For changes and updates, contact Hoover's directly.