THE COMPANY

The Company is a mall-based specialty retailer. It owns and operates 14 kiosks under the name "Simply Cigars" in malls located in Connecticut, Illinois, Maryland, Massachusetts, Michigan and Ohio. These stores sell hand-rolled premium cigars, cigar-related items and upscale non-tobacco-related gift items ("gentlemen's accessories"). In addition, the Company operates six in-line stores in South Florida malls under the name "Smoker's Gallery." These stores carry a wide range of tobacco products and accessories, including cigars, pipes and pipe tobacco, as well as gentlemen's accessories.

The Company commenced operations under the Simply...