Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 25, 1990, Winnipeg, Manitoba Trif 610 monthly payments rates subject to certain Call 7864040 details Irice Winnipeg free press april pages 1728 Philip business editor Ken gk3uotww1nnipeg free press prescription for growth development study champions local Success stories by Stevens wild Otto Bock orthopaedic industries of Canada opened its manufacturing operation in Winnipeg eight years ago with a handful of employees and High the orthopaedic firm employs almost 100 people in Winni Peg Standard Aero began local operations in today the air Craft engine Assembly firm employees 700 people and enjoys revenues of another Homegrown Abi biotechnology anticipates revenues of million in 1990 fifth year of this it expects to become one of the few biotechnology laboratories in can Ada to turn a com chef services has been in the Dat processing business since owned by the Loewen family of Winnipeg and some of its com chef is now a National firm with revenues of million and employs 450 people across local Success stories like these formed the basis of the assessment of business opportunities in the 1990s made by the City of Winnipeg economic development strategy released earlier this year by the Winnipeg 2000 task said task Force member Mike Why not Champion those Indus tries that Are already successful and build on them Hill suggested in an business targets the report describes for areas As very competitive business targets for Winnipeg in the next three to five years health regional service National and inter National information and goods and services for transportation and the task Force believed that Winnipeg possessed the capacity to develop successful local businesses in each of these Hill and such local growth was Neces sary for the cites economic devel growth had to come from with Hill Robert Hamberg says the says the limit for executives with most of the firms listed above agree that their Indus tries have growth potential and believe that their corporate achievements can be emulated by other but some warn that Success will not take place in the relatively Short Tim Frame outlined in the one com chef chair Man Bill said data processing was not a growth area for Abi Vic president John Langstaff agreed that health care had the potential to become a major Industry in health care and healthcare costs Are so High that the potential there is while centres in the United and had taken advantage of the potential of the healthcare no City in Canada has yet done Langstaff he predicted that Winnipeg was in an excellent position to be the that potential was based on fac tors such As University of Manitoba medical the cites hospitals and research the so onto rebuilt Federal virology Laboratory will create an added base of scientists and technology for business to draw Langstaff it creates an added nucleus of scientists and technical knowledge that in one Way or attract different industries because they will want to be he said of the virology in the Long the effects will be unbelievable just by the capacity of the extra technology and knowl that extra capacity will stimulate the Cross fertilization Between business and nonprofit health institutions advocated by the Langstaff but he warned that it will take it takes decades and decades to establish a real Cross fertilization it is an important concept to be aiming but i think it is a mistake to make it a Short term in other such inter change Between government universities and private Industry has taken years to put he it will take a while to establish a medical Industrial Flag staff Otto Bock orthopaedic industries marketing chief Andy Frank displays Andrew Otto bocks marketing said Winnipeg could be Fertile ground for Small medical Winnipeg has a steady Economy and a Good base for employment and its close to Frank Standard Aero president Robert Hamberg said the report was on target in identifying aerospace and aircraft Assembly As an area of Opportunity for looking at the world in air travel is becoming More and More Hamberg listed Winnipeg Cen trial location in its easy Access to the United As Well As the stability and experience of the local workforce As reasons for the Prosperity of the local aircraft manufacturing As the Quality of life in Winnipeg gives Standard Aero the Opportunity to attract executives to its local he cos effective City compared to Winnipeg is a cos effective City in which to do Hamberg its an economic place to do the economics Are its that while a worldwide shortage of skill manpower exists in the air Craft Winnipeg enjoys a satisfactory Supply of skilled work he but com chef chairman Bill Loewen said Winnipeg had Little Chance of attracting data process ing and such operations would offer Little to the the reason com chef is of significance Here is because our head office is not because we Are data he there is no reason Why a company would move its data processing operations and not the a Large company wanting to move its data processing operations out of could relocate to one of the smaller cities in Southern he and data processing is not a labor intensive Loewen its shift its not particularly highly 1 think that if you look at those jobs i dont think youll find that they Are attractive jobs for rather than trying to attract data processing Winnipeg should be trying to attract Small regardless of who were not Happy in Loewen the Canadian surety company notice is hereby Given that a special general meeting of the share holders of the Canadian surety company will be held at one Lombard 6th on May at the hour of for the following purposes to consider if thought to pass with or without amendment or variation a Resolution authorizing the company to petition the minister of finance for the Issue of supplementary letters Patent increasing the authorized capital of the company to consider if thought to pass with or without amendment or variation a Resolution confirming a new bylaw of the company creating a new class of shares in the capital of the company to be designed As redeemable preference fixing the restrictions and conditions attaching thereto and to transact such other business As May properly come before the meet by order of the Board of directors John Robertson president new franchise goes crazy predicted to be 1 in Canada ultimate Security system explodes with a tremendous acceptance by con Sumer this new technology which offers a Complete por table wireless computerized reentry Security system has been recognized by experts As the ultimate system in the North Amer ican this dynamic company is looking for distributors and dealers who have Strong marketing and management backgrounds to rep resent our product in their distributors with an investment of with earning potential of to per year and dealers with an investment of with earning capacity of to we have a dynamic training program which has proven very successful and is dominating the ram tron Security will be a household word in we Are also looking for a master distributor for the province of Manitoba with an investment of phone Gary president a 1150 Waverley Street r3t op4 Telephone 4529900 fax 4741867 Raff Butron were open for business april 30th employment Centre office hours monday Friday hire a Young person this summer make use of one of Manitoba Moat valuable resources its Young they Are productive and just the Type o1 person you need to get the Job done in your place of business or around the if you need help this Call us 9835520 employment Centre working to help Young people prepare for their Canada Manitoba tearful Milken truly sorry new York a junk Bond giant Michael Milken pleaded guilty yesterday to six criminal charges and agreed to pay million us to Settle the biggest Wall Street fraud Case Ever against an i realize by my acts i have Hurt those who Are closest to i am truly Milken breaking Down and crying As he read a state ment in included were guilty pleas for Aid ing Speculator Ivan Boesky in sever Al securities Law violations for Aid ing another trader in filing false income tax returns and for conspiring to violate securities Milken did not plead to any charges of insider trading or Racke entered his guilty plea before District judge Kimba Wood in a courtroom packed with about 250 people in the former head of Drexel Burn Ham Lambert High yield Bond department gained notoriety for engineering financing for some of the biggest corporate takeovers of the 1980s and then for allegations of widespread Milken was the target of the governments lengthy investigation of Wall Street crime that resulted in More than 30 Milken was linked to a Large insider trading network headed by who paid million us and was sentenced to three years in prison in Exchange for providing information against Drexel and after three years of rumours and press the Justice department in March 1989 indicted his brother and former Drexel trader Bruce Newberg on an unprecedented 98 counts of fraud and rack Milken pleaded guilty to counts of conspiracy aiding and abetting fail ure to meet Federal securities disclosure regulations securities fraud aiding and abetting a regulated Bro Ker dealer to violate securities re porting requirements mail fraud and assisting in filing a false tax the first five counts carry a Maxi mum five years each in prison and the tax count has a maximum three year for a possible total of 28 Milken pleads guilty ;