Altria Group, Incorporated (NYSE:MO) 6601 West Broad Street Richmond, VA 23230 Phone: (804) 274-2200 Fax: http://www.altria.com
Altria Group, Inc. is a holding company incorporated in the Commonwealth of Virginia in 1985. The Company's wholly-owned subsidiaries included Philip Morris USA Inc. 'PM USA', which is engaged in the manufacture and sale of cigarettes and other tobacco products in the United States, and John Middleton Co. 'Middleton', which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco. Philip Morris Capital Corporation 'PMCC', another wholly-owned subsidiary, maintains a portfolio of leveraged and direct finance leases. Black & Mild, the main cigar brand of Middleton, is the second largest selling machine-made large cigar in the United States. Marlboro, the main cigarette brand of this Company, has been the largest-selling cigarette brand in the United States since 1972. The reportable segments are: cigarettes and other tobacco products; cigars; and financial services. PM USA's major premium brands are Marlboro, Virginia Slims and Parliament. Its main discount brand is Basic. The Company's tobacco subsidiaries sell their tobacco products mainly to wholesalers including distributors, large retail organizations, including chain stores, and the armed services. PMCC holds investments in finance leases, mainly in transportation including aircraft, power generation and manufacturing equipment and facilities. PMCC's finance asset portfolio includes leases in the following investment categories: electric power, aircraft, rail and surface transport, manufacturing and real estate industries. The largest customer of PM USA and Middleton is McLane Company, Inc. PM USA purchases burley and flue-cured leaf tobaccos of various grades and styles directly from tobacco growers. The market for tobacco products is competitive, characterized by brand recognition and loyalty, with product quality, taste, price, product innovation, marketing, packaging and distribution constituting the significant methods of competition. Promotional activities include, in certain instances and where permitted by law, allowances, the distribution of incentive items, price promotions and other discounts, including coupons, product promotions and allowances for new products. The Company and its subsidiaries and former subsidiaries are subject to various federal, state and local laws and regulations concerning the discharge of materials into the environment, or otherwise related to environmental protection, including, in the United States: the Clean Air Act, the Clean Water Act, the Resource Conservation and Recovery Act and the Comprehensive Environmental Response, Compensation and Liability Act, which could impose joint and several liability on each responsible party.
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