PHOENIX -- Prime Time International Co. and its related companies, a leader in the machine-made cigar and energy shot markets, have announced that they have entered into an asset purchase agreement that brings new financial backing and allows them to enter the final stages of the reorganization process.
"The company will continue to operate its businesses in the ordinary course, and will emerge stronger and more competitive," said Jim Emery, founder and CEO of Prime Time International.
Emery, on behalf of himself and the company's key executives, reaffirmed the company's intent to honor its customers' dedication by continuing to supply and support tobacco and energy products. He stated his appreciation for the company's customers, suppliers and employees, "all of whose continued support will be critical to the future of the business."
He added, "We will continue to provide our customers with the quality tobacco and energy products, and high levels of service moving forward. In addition, we are in the process of adding new products and implementing an aggressive 2015 trade plan to address new opportunities."
The Phoenix-based company's tobacco brands include Prime Time, PT Rillos and Smoker's Choice flavored cigars and Sparrow pipe tobacco.
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