Our trade contacts indicate Reynolds American has already developed a product and will enter the market with Camel, possibly in conjunction with the Daytona 500 in mid-February.
This is just the beginning for Philip Morris, and depending on the success of this new product ... we expect the company to organically launch a full range of other smokeless tobacco products.
We increasingly believe (Reynolds American) will be entering the smokeless market at the Daytona 500 this Sunday. Our trade contacts indicate (Reynolds American) has developed a product and will enter the market with Camel.