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Star Scientific Files Annual Financial Report With SEC, Regains Compliance With NASDAQ Minimum Bid-Price Requirement
Date:3/16/2010

GLEN ALLEN, Va., March 16 /PRNewswire-FirstCall/ -- Star Scientific, Inc. (Nasdaq: CIGX) filed its annual report on Form 10-K today with the Securities and Exchange Commission. The company reported net sales of $0.7 millions for 2009 compared to $0.5 million in total sales for the previous year.  Cash and cash equivalents at year-end 2009 totaled $12.4 million compared with $6.5 million at year-end 2008. The net loss for 2009 totaled approximately $(22.8) million compared to a net loss of $(18.3) million for 2008.  The increase in net loss between 2008 and 2009 was due in part to $3.8 million in costs associated with the jury trial of Star's patent infringement lawsuit against RJ Reynolds as well as to research expenditures of roughly $1.8 million during 2009, compared to $0.3 million during 2008.

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