Savannah Cigarettes manufacturer gets a financial boost.

Anderson Tobacco, the manufacturer of American made Savannah cigarettes has a new owner and is now poised to go to the next level of sales of their premium cigarettes to cost conscious consumers.

BOCA RATON, FL (PRWEB) July 2, 2004 -- Cornerstone Investment Group, LLC Enters Into a Letter of Intent with Anderson Tobacco Company, LLC.

Cornerstone Investment Group, LLC, a private equity investment firm located in Boca Raton, Florida, specializing in turnarounds of undercapitalized or distressed small to medium size companies, announced today that it has entered into a letter of intent, on June 15, 2004, for its newly created subsidiary to acquire the outstanding membership interests of Anderson Tobacco Company, LLC (Anderson Tobacco"). This is transaction is subject to the appropriate regulatory and licensing approvals.

Anderson Tobacco is located in Pendleton, South Carolina, which is considered by many to be the heart of tobacco country. Since its inception in 2002, Anderson Tobacco has become a leader in manufacturing premium cigarettes to cost conscious consumers. Anderson Tobacco is a member of the Master Settlement Agreement (MSA")

Savannah cigarettes, manufactured by Anderson Tobacco, is made from the finest pure tobacco available in the United States. The tobacco, paper and filters are chosen specifically to create a great tasting product that burns slowly and enhances smoking pleasure. The companys product lines, has generated significant brand loyalty, strong distribution and experienced consistently excellent results in consumer taste tests.

Adam P. Runsdorf, President and CEO of Cornerstone Investment Group, LLC stated, "Anderson Tobacco Company, LLC has built a state of the art facility, already generated significant brand equity with the launch of Savannah cigarettes and is poised to compete in the marketplace as an independent manufacturer of premium value priced cigarettes. Our firm is exceedingly optimistic about the future of Anderson Tobacco and its brands."

About Cornerstone Investment Group, LLC
Cornerstone Investment Group, LLC ("CIG") is a private equity investment firm focused on turnarounds of undercapitalized or distressed small to medium size companies. Areas of specialization include manufacturing, distribution, medical and pharmaceutical, consumer and industrial products. CIG's goal is to increase corporate earnings through improved financial structure, efficiencies and quality control by taking an active role in a company's management and operations.

For more information about Cornerstone Investment Group,LLC visit http://www.ciggroup.com.

CONTACT:
Cornerstone Investment Group, LLC
Boca Raton, FL
Adam Singer
(561) 989-9698
Or 864-367-3020

director of marketing, Rick Riggs