To All of My Clients,
Friends and Family...

In appreciation for your continued
support and patronage during this
past year, I want to extend wishes for
a new year filled with good health,
much happiness and prosperity.

Brad Silverstein

Vice•President

Office: 810-647•1199, ext. 284
Pager 810.903-4454

World Wide Financial

„..:A tA.k::
x:.. --
1:%:::
R..•:

C. -,. =;: :

ws-l.k.

Strauss, Unilever
Sign A Merger

safeguarding businessmen, in-
formation, and commercial and
shopping centers, Israeli compa-
nies can contribute to a growing
international industry and in-
crease exports.

Jerusalem — Strauss Dairies and
the Dutch-English concern
Unilever signed a merger agree-
ment recently which gives the
multinational giant 50 percent of
Strauss Ice Cream, a Strauss
subsidiary that was set up for
purposes of the merger.
Jerusalem — Tivall is negotiat-
"Both sides will enjoy signifi- ing with local and foreign food
cant advantages," Unilever rep- manufacturers to develop and
resentative David Parker said at produce frozen vegetable prod-
the signing, which took place at ucts, Dan Propper, chairman of
Strauss' headquarters in Na- Tivall and manager of its parent
hariya.
company Osem said.
"Strauss will gain from
Mr. Propper said the frozen
Unilever's advanced technologi- vegetable products will be sold
cal know-how and use of Unilever under the Assis brand label.
group brand names, while
"With the addition of frozen
Unilever will have immediate ac- vegetables, Tivall will have a
cess to one of the largest ice complete line of frozen-food prod-
cream markets in the region."
uct,s, including vegetarian, meat
Strauss general manager and vegetable goods," said Mr.
Michael Strauss said he is con- Propper.
vinced the partnership will turn
Tivall general manager Gazy
the firm from a regional compa- Kaplan said the company plans
ny into an international one. "The to manufacture products that are
cooperative agreement with not yet available on the local mar-
Unilever is part of the Strauss ket. "We do not want to become
group's strategic plan and is a co- a leader in the frozen vegetable
operation between two strong market. We simply want to gain
companies," he said.
a share of the market," he said.
Mr. Strauss will serve as board
Mr. Kaplan added Tivall plans
chairman of the new company. to introduce a new range of prod-
Unilever has indicated it may ucts based on vegetables next
send a few managers to work month at the Anuga food festival
with the new company, but the in Cologne.
general structure will be simi-
lar to Strauss' former ice-cream
division.
Strauss Ice Cream will con-
tinue to manufacture Strauss and
Whitman products as well as
products jointly developed with Jerusalem — Bank Leumi and
the Japanese Daiwa Institute of
Unilever.
Research signed a cooperation
agreement, marking the first
time an Israeli bank has signed
an agreement of this kind with a
Japanese financial company.
Daiwa Institute is a subsidiary
Jerusalem — Some 100 compa- of Daiwa Securities, the second-
nies specializing in security and largest investment bank in Japan
civil defense equipment partici- and one of the leading investment
pated in the ninth annual secu- banks worldwide, with more than
rity exhibition at the Tel Aviv 10,000 workers. The group has a
Exhibition grounds.
shareholders equity of about $9
The exhibition, organized by billion.
Sigma Team together with the
Export Institute, was attended
by visitors from 25 countries, in-
cluding senior officers from secu-
rity services and police from
Nigeria, India, and Fiji.
Israel, said Sigma's Ze'ev Information Storage Devices of
Omer, has the potential of be- California has signed a letter of
coming the Middle East's civil se- intent with M-SystemsFlash
curity center and plans are under Disk Pioneers to license certain
way to make the exhibition an in- technologies and other assets
from both M-Systems and sub-
ternational yearly event.
Companies displayed sophis- sidiary Eurom. The proposed pur-
ticated closed-circuit TV systems, chase price is estimated at $10.4
safes, electronic gates and fences, million.
ISD intends to establish a sub-
magnetic identity cards, ma-
chines for detecting wiretapping sidiary, ISD Israel, which would
devices, intercom systems, per- purchase Eurom's assets relating
sonal protection clothing, telesys- to voice recording chip technolo-
gy, hire Eurom's personnel and
tems and others.
The organizers said that in purchase certain technology
c—rialitg_frnm TVF-Svcfp.mc

Tivall Markets
Frozen Veggies

Leumi, Daiwa
Sign Agreement

Ninth Annual
Security Exhibit

Technology
Agreement Made

"We create solutions."e

VISIT ONE OF OUR LOCATIONS
NEAR YOU OR CALL OUR
TELEBANKING CENTER
AT
(810) 355-2400 TODAY!

LLJ

LJ_I

BERKLEY
Todd Hegler
(810) 546-2590
SOUTHFIELD
Kevin Swords
(810) 355-9831

CC

H-

LLJ

LU

B

•

imis

,,,„
EPD ERS CrE y ri . J E . rgo l'INi/ENF 4 A F s E,CRTp D E, .) 1 0: SIII
R I:i'TGESM I 2 pEBR A

BIRMINGHAM
Norm Lining
(810) 646 8787
WEST BLOOMFIELD
Greg Kane
(810) 855-6644

-

2. 115I RNAcTlEtUUNEIJAEICILro CHANGE WITHOUT NOTICE. "PENALTY FOR EARLY WITHDRAWAL *S2500 MINIMUM BALANCE

