Tobacco One, Inc. Announces Completion of Acquisition of Mexican Cigarette Brand Rojo's

Source from:  SCOTTSDALE, Ariz. 07/31/2008

Tobacco One, Inc. (Pink Sheets: TBCO) announces it has finalized the purchase of the Rojo's brand cigarettes from Mexico City businessman Marvin Feldman. On July 29th, 2008, Tobacco One finished its 30-day due diligence period and took physical possession of the Rojo's brand cigarette, trademark, employees, inventory and customer bases. Shane Ludington, Tobacco One vice president of business development, states, "We are pleased with the closing of this first international acquisition and look forward to expanding our acquisition strategy both in Mexico and throughout Latin America." He went on to say, "We find Mexico and Latin America to be the most attractive tobacco markets in the world." "We are pleased with the Rojo's distribution plan currently in place with several major retailers throughout Mexico. The company will realize immediate sales through the servicing of established accounts and is currently shipping additional inventory to distributors," stated Shawn Ulizio, president, CEO. About Tobacco One, Inc., a pink sheet company, symbol TBCO. The company designs, creates and brings to market innovative smoking products that consistently exceed our customers' expectations. Through vertical integration and an aggressive acquisition plan, Tobacco One is positioned to become a premier supplier in the industry. The national distribution network will serve to properly brand our new cutting-edge product line currently under development. Tobacco One's industry focus is in the area of specialty cigars, cigarettes and other tobacco products (OTP) with an emphasis on the international marketplace. Safe Harbor Statement Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. Enditem