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STSI, Added To Naked Short Lists Today

^{Published on 2012-11-29 06:20:26 - WOPRAI}
 

November 29, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , announced today that these select companies have been Added To the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. STAR SCIENTIFIC I (NASDAQ:STSI). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .

STAR SCIENTIFIC I (NASDAQ:STSI) - Star Scientific, Inc. (Star) is a technology-oriented tobacco company with a mission to reduce toxins in tobacco leaf and tobacco smoke. The Company is engaged in the development, implementation and licensing of scientific technology for the curing of tobacco so as to substantially prevent the formation of carcinogenic toxins present in tobacco and tobacco smoke, primarily the tobacco-specific nitrosamines (TSNAs). The Company also manufactures low-nitrosamine smokeless tobacco products that also carry warnings beyond those required by the Surgeon General, including ARIVA compressed powdered tobacco cigalett pieces, STONEWALL Hard Snuff and Stonewall dry snuff. In addition, Star manufactures and sells discount cigarettes. The discount cigarettes that are sold include brands, such as SPORT, MAINSTREET and G-SMOKE.

Smokeless Tobacco Products

Star is engaged in the development of very low-TSNA, non-fermented smokeless tobacco products that could provide adult tobacco users with a viable alternative to cigarettes for use in situations and environments when they cannot smoke or choose not to smoke. On September 28, 2001, the Company introduced its first two very low-TSNA snuff products (a moist and a dry snuff) under the brand name Stonewall. On November 14, 2001, Star introduced ARIVA cigalett pieces as its first smokeless tobacco product. ARIVA is a compressed powdered tobacco product designed to dissolve completely in the mouth without leaving any residue or requiring expectoration. The Company during the year ended December 31, 2003 began a commercial test market of a new, non-fermented spit-free hard tobacco product for moist snuff users, called STONEWALL Hard Snuff, which is made from non-fermented 100% low-TSNA StarCured tobacco plus natural and artificial flavorings, as well as other ingredients.

Star initially test marketed STONEWALL Hard Snuff in approximately 80 stores in the Richmond, Virginia area, and STONEWALL Hard Snuff had been introduced into approximately 7,000 locations. STONEWALL Hard Snuff represents a majority of Star's hard tobacco sales. There were export sales of smokeless tobacco products to Bermuda, Turkey and Norway by the Company in 2004.

Discount Cigarettes

Star's wholly owned subsidiary, Star Tobacco, Inc. (ST) sells three brands of discount cigarettes through approximately 129 tobacco distributors throughout the United States. ST will continue to manufacture discount cigarettes until the Company can transition from the smoked tobacco business to the sales and licensing of very low-TSNA smokeless tobacco products. These cigarettes, which are sold as discount brands, accounted for approximately 100% of the Company's net sales in 2003 and 2004. ST focuses primarily in the four Florida, Minnesota, Mississippi and Texas. In 2004, the Company phased out its VEGAS brand. The Company uses a blend of cut rag tobacco in its discount cigarettes. The Company uses StarCured tobacco in all of its smokeless tobacco products.

Low-TSNA Cigarettes

Star launched the first low-TSNA cigarette, Advance, in October 2000, in two test markets, Richmond, Virginia, and Lexington, Kentucky. Advance is a conventional cigarette manufactured to diminish the amount of exposure to highly carcinogenic TSNAs. The Advance cigarette reduced additional toxic smoke constituents through an activated carbon/acetate filter. Advance also differed from conventional premium brands because it provided adult tobacco consumers with enhanced health warnings (not required by the Surgeon General), on the back of the package and onserts that contained comparative content information and additional health-related information. On November 5, 2001, B&W initiated a test market of its version of Advance in Indianapolis, Indiana and expanded the test market to Phoenix, Arizona in 2004.

Tobacco-Flavored Chewing Gum and Lozenges and Chewing Gum Containing Tobacco Extract

The Company sought to develop both cessation products and a product intended to help patients who relapsed after a trial of smoking cessation to prepare. There is a failure to deliver in shares of STSI

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