UNIVERSAL WATCH REPAIR
LARGEST FACILITY IN MICHIGAN
SPECIALIZING IN ROLEX REPAIRS
Shamrock Makes
Down Payment
The U.S. Shamrock Group will
give Hevrat Ha'ovdim a $10 mil-
lion clown payment as part of its
purchase of 22.5 percent of Koor
Industries' shares. The Sham-
rock Group is an investment firm
controlled by the Disney family.
Koor's shares have risen 10.6
percent since March 6, when
Shamrock signed an agreement in
principle to purchase the shares.
TWO YEAR WARRANTY ON ALL MAJOR REPAIRS
BIM
ACCU ra si
MER.ER
BAUME-
EEL
ELGIN
GRUEN
Volkswagen Picks
Tecnomatix
Tecnomatix Technologies of Is-
rael announced that the Volk-
swagen group of Wolfsburg,
Germany, has adopted Tecno-
matix's Robcad line of computer-
aided production engineering
tools as its standard solution for
the design, simulation and pro-
gramming of its automated pro-
duction lines throughout its
companies worldwide.
High Rates
Aren't Helping
The Bank of Israel's contention
that high interest rates have
slowed down the inflation rate is
not true, Chambers of Commerce
president Danny Gillerman said.
'The CPI (Consumer Price In-
dex) for the first quarter of the
year proved that the interest pol-
icy does not now have, and al-
most never had, any influence on
the rate of inflation," Mr. Giller-
man said. "If there was any ef-
fect, it was certainly negative."
Mr. Gillerman, who called for
an immediate reduction in in-
terest rates, said it is not possi-
ble that short-term rates could
influence either the price of fruits
and vegetables or apartments.
"Analysis of the rise in the
CPI, excluding these two factors,
shows that in the January-
March period this year the CPI
rose 1.2 percent," Mr. Gillerman
said. "This rate is almost identi-
cal to the rise in CPI in the 1994
parallel period, which was 1.25
percent."
aAa,11
°CITIZEN
CONCORD
HAMILTON
qUO
Audtmars Pituet
Patek Philippe
piAGET
BERTOLUCCI
GUCCI
IWC
(
ON
RAYMOND WEIL
QCNEVX
uhuvERs! GENEvE
SEIKO, WITTNAUER & CfTIZEN AUTHORIZED MATERIAL DISTRIBUTORS
Experts in repair & restoration of all repeaters
multiple chronographs & antique time pieces
1 Yr. Warrant - Estimates on re•uest
Closed-Circuit
Company Opens
C. Mer Industries of Israel has
established a fully owned Unit-
ed Kingdom subsidiary, Mer
Communications UK, to market
the company's closed-circuit com-
puterized TV viewing system,
Regard.
C. Mer's strategy is to pene-
trate the European market
through Great Britain, which is
the home base to a large number
of closed-circuit TV companies.
Cadier
0
MOVADO
OMEGA
Q
CORUM
RADO
LONGINES
SEIKO
.i. ROLEX
IJWR is not an Authorized Repair Facility for any of the companies listed abov, 4 , 0 12
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