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UST Inc. Comments on Introduction of Family Smoking Prevention and Tobacco Control Act

Posted on: Friday, 16 February 2007, 09:00 CST

GREENWICH, Conn., Feb. 16 /PRNewswire/ -- UST Inc. today released the following statement:

Yesterday, Members of Congress announced the introduction of the Family Smoking Prevention and Tobacco Control Act. This legislation would grant the Food and Drug Administration (FDA) authority to regulate tobacco products. Initial reports indicate that the bill, as introduced, remains essentially unchanged from similar legislation proposed in 2004.

"While we do not support this bill as introduced, we look forward to participating in an open and cooperative dialogue as the legislative process progresses that would ultimately result in legislation that we can support," said Murray S. Kessler, president and chief executive officer.

As previously disclosed, the Company is not opposed to FDA regulation that addresses public health concerns and takes into account the distinct differences between smokeless tobacco and cigarettes while permitting the Company to continue to communicate responsibly with tobacco-interested adults and responsibly manufacture, market and sell high-quality, 100% American-made smokeless tobacco products to adult consumers.

UST Inc. is a holding company for its principal subsidiaries: U.S. Smokeless Tobacco Company and International Wine & Spirits Ltd. U.S. Smokeless Tobacco Company is the leading producer and marketer of moist smokeless tobacco products including Copenhagen, Skoal, Red Seal and Husky. The Company is the only smokeless tobacco manufacturer to sign the Smokeless Tobacco Master Settlement Agreement (STMSA). Under the STMSA, the Company voluntarily adopted an array of advertising and promotional restrictions and agreed to pay $100 million towards programs to reduce youth access to tobacco products and combat youth substance abuse. International Wine & Spirits Ltd. produces and markets premium wines sold nationally through the Chateau Ste. Michelle, Columbia Crest, Conn Creek, and Villa Mt. Eden wineries, as well as distributes and markets Antinori products in the U.S.

UST Inc.

CONTACT: Media Relations, +1-203-622-3549

Web site: http://www.ustinc.com/


Source: PRNewswire

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