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Friday, May 24, 2013

RAI expanding e-cig operations

Reynolds American Inc.’s experiment with making e-cigarettes is about to move to a larger distribution scale, the company said Thursday at its annual shareholders meeting.
The company provided several strategic updates during formal remarks by Daan Delen, its CEO and president, and during a question-and-answer session that wasn’t consumed by farm-worker issues, according to the website equities.com.
Reynolds also said it has placed links on its website — www.reynoldsamerican.com — under the corporate governance header where its 2012 political-oriented contributions are listed. Delen said the company opted for more disclosure after getting requests from various stakeholder groups.
R.J. Reynolds Vapor Co. remains in test markets with its internally developed Vuse e-cigs with no reported sales numbers. Vuse is being sold at Tarheel Tobacco stores at 6311 Stadium Drive in Clemmons, 3193 Peters Creek Parkway in Winston-Salem and in Danville, Va.

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