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Belmont was started in 1960 by the friendly folks at Archie Comics (which, believe it or not, was established in 1942 and is still around). They originally published Belmont Books in the standard (short) format, but transitioned to the tall paperback format within a year. It has been reported to me that there might also be some connection to Stanley Library, which published some adult titles a few years before (you can find some Stanley covers in the "Sleaze" section).
In 1969, Belmont was merged with Tower Publications (which had produced Midwood books -- also found in the "Sleaze" section), but they apparently didn't begin producing the "Belmont Tower" series until 1972.
NOTE: Apparently, I've shown many of the books in this section out of their printing order. I'll be updating it in the near future.
The Belmont section was updated in May 2016