Page A2 AT TECH CONFERENCE: Small technological com- panies should beware of vulture capitalists. when looking for in- vestors, said George May, presi- - dent of Gamma Communica- gh hidips deamicy RESTAURANT 7810 East Saanich Road Saanichton 652-0212 Hours: ‘Mon-Thurs 7AM-8PM 7AM-9PM ~ 8AM-8PM Fri & Sat Sunday BROUGHT TO YOu BY — _of Potato or Rice. oe held in Canada. re th -advanced DEC. 2nd to DEC. 8th DINE IN — | Soup 6 of the Day or Clam Chowder _Fettucini Alfredo or Caesar Salad Pan Fried Filet of Sole or 5 oz: Sirloin Steak or —__ 1/4 Chicken with Paprika Sauce Dinners include fresh Vegetable and choice Carrot Cake or Fresh Baked Pie. $s B95 : tions, at the Vancouver Island technology con- ference on Nov. 25.. ‘*Some people want all rights and walk away with everything. _____ BREAKFAST SPECIAL | 7 AM to 11 AM 2 eggs 2 Sausages or 2 Bacon Hashbrowns & Toast or Pancakes Just DINNER SPECIAL OF THE WEEK ov CHICKEN TERIYAKI | BREAST OF CHICKEN Cooked in Philip’s tasty Teriyaki Sauce on a bed of fluffy | tice & fresh vegetable. SOUP or SALAD $ C 95 “NEW CUSTOMERS WANTED! HAVE YOU BEEN MISSING OUT? ‘BRENTWOOD BAY’S BEST DEALS ~ LICENSED — FAMILY RESTAURANT ong 2nd to DEC. 8th AKE OUT 9 pce. Pak bane f Style Chicken Large Fresh Cut Fries-Large Coleslaw ONLY $4465 Regular Price $16.65 FREE DELIVERY. within 4 mile radius - he XV Olympic Winter Games open: in Calgary on February 13, 1988. These will be the first Winter Games to be To share the spirit of our Olympics, communities across Canada are recognizing local citizens for their support of amateur sport and for their contributions to the community as a whole. Recognition will be given in the form ofa ‘Government of Canada Celebration 88 Award. A male. -and female local athlete, coach, sponsor, volunteer and official will each receive a Celebration 88 medal for their contribution to amateur sport. Other active community members will be honoured with Celebration 88 certificates. * Petro-Canada Sponaar snd Organizer Olymplo Toreh Rotay XV Olymple Winter (amen. . Athlete 2 ena sevens ‘oon sre : | oe ee — _ to your community "38 at Celebration TL Nomina! compton ss q ‘i wen lives a: “Ts a a For a his/ wer yeni an eG ; oe oath | ' belteve this pat r saan deserve if 5 ume . My nm ant V h th . . neers WRAL AAO, uh AIR CANADA 8 tine cones i ge ja = eee eal al coaeuns | eancneanss 88 chairnerGon yo nite al | Spensnr Ws Tec nitian hee acncguysernte” gumber ins eeu e vulture ce ture. of $985 | 2-Ve223 ‘TRAFALGAR SQUARE MALL Corner of West Saanich Road &. «Wallace Drive in Brentwood Bay. Give your Poe "community volunteers be “the | recognition they deserve! nf ] wt, usa your ow nevards N Communly N ALG —_ ee ene tettes dime Meese THE REVIEW 9781-2nd St., Sidney B.C. They are vulture capitalists, ro said May, whose company §is concerned with the maunufac- telecommunications equipment. His primary ‘pro- duct is a_telesketch graphics phone. ‘“‘A venture capitalist has to make 10 times as much as he puts into a company,’’ he said at the. Dunsmuir Lodge con- ference. Of 10 companies with a new product for the market, four collapse right away, three remain horizontal and three make it big. May reminded delegates that capitalists are out to make a profit. They concentrate on ear- ning significant return and sometimes are not that concern- . ed with the product. Self-financing can be. dif- ficult.. ‘‘Anything significant which has to do with computers or electronics takes at least a half million dollars to bring to market,’’. he said. ‘‘Very few . people have enough money to do this.’’ Government funding. is available for prototype develop- ment, but not to bring a new product on to the market. ‘‘These programs: are not free. There is areal cost,” warned another. speaker, Bill Cooke, whose company works in the forest industry. “Don’t forget that you will have a lot of administrative work to do, and that will cost you,’’ Cook said. The high-tech marketplace is changing rapidly. ‘‘Six months from now, you might have to change quickly. But if you’re locked into a government pro- gram, you might not be able to lists, s Wednesday, December 2, 1987 eaker adapt as quickly as the market demands,’’ said Cook. Companies should get a 40 per cent tax credit. while developing a new product, said May. -- But Cook warned this also has its price. ‘‘The cost.of tax ‘credits. is probably having a very good accounting firm that can tell you-how to. structure your organization to take advantage of tax breaks.’ The government currently of- fers a 35 per cent tax credit for some research and develop- ment. ‘*It takes up to a year to get your money. back,’’ said Cook. nS For new products to be suc- cessful, they must appeal to the market. ‘‘Don’t develop a pro- duct to match a government granting program,’’ said Cooke. ‘‘Remember, you: have to spend one: of your own dollars for every dollar the government gives you.”’ “British Columbia needs a high tech association, said May. The group of. peers could en- courage each other and offer advice on financing. ‘““When I’m seeking venture capital, people ask why I don’t relocate in Toronto. They don’t - like dealing with someone 3,000 miles away,’’ May said. Voices told schizophrenic run away conditional discharge on theft A medically diagnosed schizophrenic has been given a conditional. discharge and one year’s probation for stealing gas and failing to return a video player and tapes. “Mirek Vesely was hearing voices and was. fearful. of his life,’’ when he committed the crimes,- said defence lawyer Karen Knott. The 27-year-old unemployed waiter put the videos. in his trailer and left town quickly on the instruction of his voices, she told .provincial| court judge Stephen Denroche. The videos were rented from Crazy Mike’s in Sidney on Feb. 13. He was also charged with theft of gas from Sidney Esso Self-Service on April 12. When he couldn’t find a job in Vancouver, he left his car and ‘trailer there and went to Alber- ta. ‘‘When. he returned, Vesely couldn’t find his car-or trailer. He has since found the car,:but not the trailer,”’ said Knott. ‘‘He is a sincere young man who is trying very hard to com- bat his illness,’’ she told the . court. “If I thought your actions were caused by your: illness, | would have said so,’’ said Judge Denroche. when . sentencing Vesely. ‘‘You knew what you -: were doing when you went to Vancouver.”’ . As part of. the -probation, Judge Denroche ordered Vesely to seek and follow medical _ vice. Saanich teachers vote 93 per cent Saanich teachers have ‘voted 93 per cent in favor of asking the Industrial Rela-- LAZER WORLD ON: CH A Government of Canada representative will present these awards at a special ceremony. For | communities located on the route, the ceremony will likely be held in conjunction with the arrival of the Olympic Torch Relay, sponsored and organized by Petro-Canada. Also, a number of the awards recipients, selected through a draw, will be flown to the Olympic Winter Games in Calgary, courtesy of Air Canada.” To. make sure the people in your community get the recognition they deserve, please fill out the. Nomination Form and send it to your local Celebration 88 Awards Chair person. Official Airtine ofthe yet al paper fol nleer V eer ane Ma. COmAGE UE ATS YOUR LOCAL. CELEBRATION 88 “AWARDS CHAIRPERSON 18: re Aine canst roecayemt AL NEN AT MARANA te ANON RAR nea Sidney, Don Trivett, 2440 Sidney Ave., Sidney, BC V8L 1¥7 604-656-1184 : | 7 a North Saanich, Brenda Clarke, Box 2639, 1620 Mill Road, Sidney, BC VEL ACT: 604-656-0781. Gover nment of Canada ERA eth 2H eg hy en enn eT ZEN A pe ARH tA Em RIN PN mB. ” Gouvernement | du Canada aM your community is not fisted hare, ploaso contact t your focal Member of Parliament or Mayor. parvennimen sapoen tpt drt temp vekscver A toga wonbbarmanrn meCtHt hy ubtsoar aie terete ects Hanan La rome man Hk LOREAL papi tonminea Setanta ag Mean Reha ie OH ROE Fe eras Wet cabernet ese ba 86 8 wbotgte A Proud Olympic Partner The Honourable Oto Jelinek tions Commission .to con- duct a union certification vote. Of 379 votes, 354 were in favor, 23 were against and two ballots were spoiled. “This. sealed-ballot vote . was conducted by the chartered. accounting firm of Eng, Rozon and Floor,’’ said Stew Kirkpatrick, president .of. the. Saanich Teachers’. Association. |. “Section: .131(2) ..of ..the: . ~-Schools:Act.requires such a. vote for teachers wishing: to: form -a.-union,* said’ me Kirkpatrick. ‘More ‘than 96. cs per cent of Saanich’ teachers: .