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EXHIBIT 99(a)(5)(iv)
HOLT'S CIGAR HOLDINGS REPORTS SUFFICIENT SHARES OF ITS STOCK HAVE BEEN TENDERED
IN CONNECTION WITH THE "GOING PRIVATE" TENDER OFFER.
PHILADELPHIA, PA -- DECEMBER 15, 2000, 5:00 P.M., HOLT'S CIGAR HOLDINGS, INC.
(NASDAQ NM: HOLT) The Company announced that 1,262,825 shares of its common
stock have been tendered out of 1,516,786 shares available in connection with
the Company's "going private" Tender Offer. Pursuant to the terms of the
Company's Tender Offer and Merger Agreement with HCH Acquisition Corp., a
Delaware corporation, it is anticipated that the Tender Offer will fund promptly
at the end of the Guaranteed Delivery Period.
The Offer to Purchase and other filed documents relating to the Tender Offer,
including the Company's Recommendation Statement on Schedule 14D-9, will be
available from the Public Reference Room of the Securities and Exchange
Commission free of charge, subject to a copying fee. The Securities and Exchange
Commission's address is 450 5th Street, N.W., Washington, D.C., 20549. The
telephone number of the Public Reference Room is 202-942-8090. The filed
documents relating to the tender offer can also be obtained by accessing the
Commission's web site at http://www.sec.gov.
This press release may contain forward-looking statements. While the statements
reflect the Company's best current judgment, they are subject to risks and
uncertainties that could cause actual results and events to vary. In addition to
factors noted here, these risks are described in detail in the Company's Annual
Report on Form 10-K dated June 28, 2000, as filed with the Securities and
Exchange Commission.
Holt's Cigar Holdings is the parent company of Holt's Cigar Company, Inc.,
Ashton Distributors, Inc., Holt's Mail Order, Inc. and Holt's Company. The
Company, through its operating subsidiaries, is the exclusive worldwide
distributor of the highly acclaimed Ashton brand of premium, hand-rolled cigars
and accessories. Holt's sells and distributes premium cigars and related
accessories nationwide through its mail order catalog, E-commerce site, and its
flagship retail stores in Philadelphia.
For more information, please contact:
Mary Ann Pentz, Shareholder Relations
Holt's Cigar Holdings, Inc., 12270 Townsend Road, Philadelphia, PA 19154
215-676-8778/Fax: 215-676-0438
Visit our website at: www.holts.com
