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MAYODAN, N.C. -- Vidal Suriel, founder and president of North Carolina-based General Tobacco (GT), made a payment to the Master Settlement Agreement (MSA) in the amount of $73,876,915 as payment in full for its current obligation.
The payment comes as part of GT’s commitment to the multi-state agreement by tobacco companies setting forth strict guidelines for tobacco marketing and advertising, according to a company press release. Since joining in 2004, GT has contributed more than $546 million to the MSA.
"General Tobacco has once again shown its commitment to supporting the policy provisions set forth under the MSA," J. Ronald Denman, executive vice president of General Tobacco said in a released statement.
The MSA reimburses the states for medical expenses associated with cigarette smoking, and funds youth smoking prevention programs.
"Our goal of providing existing adult smokers with quality tobacco products at value-oriented prices has proved to be profitable in these difficult economic times," Denman added.
GT also introduced its new American Blend and said it is proud all of its products are now made in the U.S., according to the company, which recently launched 32 degrees with natural menthol flavoring, and added Vaquero filtered cigars to its line-up.
Additionally, the company redesigned all of its product packaging with a bolder emphasis on its made in the USA origin.