Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 14, 1991, Winnipeg, Manitoba 11 kept it Der j cos t la Cleiv card Gamble pays off cps two by Allan Swift Montreal up two executives of a Small com Pany have developed a vending machine to print business after they ran out of cards at a Trade after 18 months of research and about the Gamble of Dan Iel maitre and Joseph Lousky seems to be paying nine months after production 160 card express vending machines which Cost each have been installed in can Ada and inter pro lab is now turning out 50 machines each month and is gearing up to produce 100 per mainly for the sales manager Daniel maitre said in an the target Market is not just business people who run out of cards while on the maitre says the biggest Selling Point to customers is being Able to offer a Small number of immediate and at a modest it costs about to print 50 personal business or 25 Dou Blesine cards for printing invitations or greeting for exam huge Market customers can select from 26 Lay outs and five types of its a huge Market for people who will never enter a print said a Printer hates business because he Doest make Money on it takes four Days to a hell charge you for a minimum 250 to 500 and he wont make we showed the machine at a of Otto printers show and they were just excited in working Oft deals right now with chains of their usual location is in convention centres and Ping the idea came to maitre and his Boss both born in when they were at a Trade show in new York two years founded by Lousky five years supplies video scanners and Chemi cals to the photographic and graphic arts we ran out of business and we get More cards even by a Good Printer recalls the men asked the hotel receptionist to Type out a makeshift which they photocopied and Cut into car size pieces with signing up distributors so when we flew Back to Mon Treal we said this is we went to spent about a half million dollars in Randd research and development and about 18 months to put together the techno maitre is aware of Only two other card vending machines in the one French and one Ger and neither has sold in North but i think other people Are working on probably in Japan or so Well find out soon said with a while looking Over his shoulder for the maitre is Busy signing up distributors in the unit Joseph Lousky holds business card produced by vending de distributors buy the machines on behalf of local investors and place them in key maitre says the machines aver age about 10 to 12 sales a and up to 30 or 35 in a Busy card express machines Are also set up in Switzer and and two Are leaving for he the vending machine has five major All bought from suppliers a Vandal proof touch a the Printer and the acceptor for credit Bills or it is assembled and tested at in Ter pro in suburban the company has Only 23 employ and last year had sales of current resp Trust Aetna age Canada Central guaranty Trust guaranty Trust citizens confederation cooperative first City City first line line guardian household regional Inland investors group group Montreal Mutual National North Wool Pac Llic Western West peace Hills Western Peoples Hills Presnor income Royal Saskatchewan Sun life Wellington lilo Bank of Canadian Western of Western Hon Kong Laurentian National Royal Bank of Scotia Bank of Toronto Dominion qom non life companies companies America Canada Crown great West West manufacturers maritime metropolitan in North american american Royal Seaboard Security Standard Sun tra Samerica Canadian Westbury Canadian other Assiniboine credit credit Caisse de de Security Home Nan certain Nln mums May apply to both rasps and Rales subject to change without rates Lor Home Are compound annual interest and May include special on resp deposits and interest on Are Nln mums Mav Days Days the majority Are compound not annual and will flys Day or prior to maturity with a Market value not All Days Davs Anies offer both registered and no registered quoted 99 of july free living within Means Calls for cutbacks so Canada is the second Best place in the world to after according to a United nations we have one of the Best education and health systems better and this is the problem than youd expect when related to nation Al the Only Way to enjoy something you cant afford is to and so we Canadas National debt is heading for a whopping billion As each year we spend about billion More than we not everybody enjoys the Good but the lure of easy both nationally and makes it easy to live beyond our i had the occasion to meet prime minister Brian Mulroney at a recep Tion How do you plan to Cut to Tell canadians they must accept a lower Standard of living if the coun try is to live within its Means and still Hope to get reelected i asked he didst have a ready i dont think any politician relishes the Challenge of cutting after spending programs traditionally win potholes in roads politics we have become so conditioned to Gratifying our needs that most of us resist or at least resent being told we cant have be would you be prepared to wait six months instead of two to three months for your income tax refund if government spending cuts reduced the staff at Revenue Canada would you tolerate potholes in the Road that were repaired Only every five years garbage collection every other week mail delivery every other Day a on month wait to get a passport longer Waits at the Canadian Border reductions in the health care and education sys tems cutbacks in the unemployment child tax old age supplement and other social assistance programs you might accept less spending on education if you have grownup or no but today students Are tomorrows leaders we need to make that investment today for the Sake of our country and so our personal less Money for those who cant look after themselves our society is based on caring for the truly Mike Grenby reduce mail delivery that Fine if you get hardly any but business would certainly roads in poor shape that could produce dangerous driving Condi and higher car maintenance and repair every proposed cutback meets resistance from those we become accustomed to the level of services being if you live without electricity or running you but once the Hydro is hooked up and you can have a flush its Tough to go Back to living without those Tough but not we All complained and missed saturday mail delivery when it was disco tin but now we manage with mail Only five Days a its a matter of make a list of All expenses in order of priority and trim from the Bottom or make other adjustments until the budget who said its easy when times Are we spend More and enjoy the additional goods and services we but we should also be prepared to Cut Back when times Are that will keep us from going into debt personally and nationally and help us appreciate the extras All Over again when times Are the Only alternatives to cutting Back Are More income and higher again both personally and work harder you can work or invest harder or smarter so you can afford your higher government can raise taxes but while that might maintain the level of services you you will have less Money to spend to maintain the rest of your Standard of productivity can always be in it takes skilled managers and politicians to make government spending go getting Back to living within our Means involves both cutbacks and More efficient use of Penny stocks can ruin warns by Paul Loong up Fiu siness editor Toronto up Penny stocks sold on promises of fantastic gains May be a shortcut to financial the Ontario securities commission warns in a new the brochure Points out the risks of investing in Penny it lists improper sales techniques and asks victims of unethical practices to Contact its enforcement the brochure has been in the works for a commission spokeswoman Monica Zeller said she said while there Hast been a rash of complaints about Penny i believe that its always been a the commissions brochure warns Penny stocks Are highly volatile and risky investments prone to improper or illegal sales practices or even they May be suitable for Wellin formed speculators willing to As sume higher risks for bigger it but novices May be enticed by the relative affordability of Penny stocks and promises of great rates of return to buy without knowing the possibility of Penny As their name Sug usually sell for less than per but under heavy promotion they can rocket to several times that much thus their Getrich Quick but they can As easily go belly they Are often issued by new companies with no financial track trying to raise capital on the basis of their future Many companies that Issue Penny stocks do not meet the listing requirements of major Stock sex companies have to satisfy certain requirements such a mini mum capital base and number of shareholders before being listed on Stock educate investors in most Penny stocks Are unlisted and traded overt count usually in negotiations Over the but Penny stocks Are listed on the Vancouver Stock this is enough to confuse Novice said Joanna Fallone of the orcs enforcement the brochure is intended to Edu Cate investors rather than to Tell them whether to dabble in Penny she Novice investors Are drawn to buying Penny stocks because it is relatively easy and she the whole thing can be just handled by phone they can make a decent sized investment in term of number of shares for a relatively Little amount of i guess a lot of them will View it like a the brochure says the trading volume and Price of Penny stocks Are easier to and they Are highly volatile in information on Penny stocks May be and the shares May be difficult to it to avoid becoming a victim of Stock fraud because of improper sales the brochure tells investors to beware of salespeople who make unsolicited phone use High pressure sales make promises of High rates of re turn or claim to have insider South Amman Krugerrand imports resume but Little Impact expected by John Schmeltzer Chicago Tribune Chicago imports of the South african the Gold Coin maimed since october have but Little immediate in pet is expected in the Thomas Cook foreign formerly Peak International u is resuming seeing the Gerrild at us offices around the we dont expect much effect in the Gold Market even though the Kruger fld is a discounted said Kim Chicago Branch manager for Thomas com foreign Brian an economist with Chicago said the sump icon of sales would have Little effect on the Gold the Kew Gerrard was being Dis counted at on the spot Market in comparison with the american Eagle and Canadian Maple Leaf Gold which were Selling for m of the Eagle and Maple Leaf Likely will be least As Krugerrand sales get under the because it will be cheaper than the a jute Maple sales of tee coins May said but she said she would expect the ing of the Krugerrand to end fairly Deborah Spinosa vice president of marketing for at Mark precious metals Santa said the Kruger Rands resumed sales affect the Eagle Rmark is a major distributor american Eagle coins for the we dont expect the resumption of Krugerrand sales will affect the Eagle or any other Gold she americans have been forbidden to import the Krugerrand since j985 people who sold the coins to dealers did so at a discount because dealers were unable to sell except to firms that melted the coins Down for their Gold 6 year govt stripped Bonds resp eligible annual to a Tonga Mur annual government guaranteed matures Catl Lukuch Henderson 9471501 i of july subject to change j i i annual return Moru than quadruple your original investment in h years Haw guaranteed stripped Coupon meal for a asps Call truce Henderson for details at 9171501 Asnif Jwj subject May i ;