Star Scientific Files Third Quarter Financial Report..

November 11, 2008 - Star Scientific reported a consolidated after-tax net loss for the third quarter of approximately $5.0 million, compared with a net loss of $3.6 million for the same prior-year period. The company ceased manufacturing and distributing discount cigarettes in June 2007.

Star pursued a variety of initiatives during the third quarter aimed at continued expansion of the distribution of Ariva® and Stonewall® dissolvable smokeless tobacco products. Those efforts included a test market in the Kroger grocery store chain and expansion of Ariva[R] distribution through the Walgreen's chain. The company also expects to begin distribution of an Ariva[R] Java blend during the fourth quarter. The results of third-quarter marketing efforts appear to confirm the company's view that Ariva[R] is the first smokeless tobacco product that is an acceptable alternative to cigarettes for female smokers, who make up approximately 50% of the U.S. smoking population. Stonewall dissolvable smokeless tobacco, which was developed for adults who use traditional moist snuff, is now available in three blends: Wintergreen, Natural and Java.

Reference: Star Scientific Files Third Quarter Financial Report, Business Wire, 11/8/2008.

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