Holt's Cigar Holdings, Inc. Announces Stock Dividend

PHILADELPHIA, Feb. 5 /PRNewswire/ -- Holt's Cigar Holdings, Inc. (Nasdaq: HOLT) announced at a meeting held on February 2, 1999, the Board of Directors of Holt's Cigar Holdings, Inc. declared a 2% stock dividend payable to shareholders of record on February 23, 1999. The stock dividend of approximately 120,100 shares will be payable on March 23, 1999.

Robert Levin, President, Chairman of the Board and Chief Executive Officer, stated, "The Company's earnings and solid balance sheet allows us to reward our shareholders with this stock dividend. Generating shareholder value remains our top priority."

Holt's Cigar Holdings, Inc. is the parent company of Holt's Cigar Company and Ashton Distributors. Holt's Cigar Company, Inc. sells and distributes premium cigars nationwide through its mail order catalog, flagship retail store in Center City Philadelphia and at the Townsend Road headquarters location. Ashton Distributors, Inc. is the exclusive worldwide wholesale distributor of the highly acclaimed Ashton brand of premium, hand-rolled cigars and cigar accessories and the three new premium brands, Premium Dominicana, Castano and Savoy.

Source: Holt's Cigar Holdings, Inc.
Web site: http://www.holts.com/