MEET DAN BARISH help get them money." Today, Mr. Kalish, who left Tel Aviv to cfeate his company in Jerusalem, is continuing to build his enterprise. He recent- ly spearheaded JG's initiative in Asia by hiring an expert in Chinese — a 24-year-old Co- lumbia University graduate — and is now considering a merg- ers-and-acquisitions depart- ment. So is this it? Has Shlomo Kalish found the meaning he is looking for? When asked "what's next?", he merely shrugs his head, as if to say he doesn't know. But it's safe to bet some- thing is brewing. (c) Jerusalem Post 1996 The BEST of AMERICA allows you to choose from among 10 of America's top names in money management, including: Dan Barish Vice President reyfus 10'AIATIPsials9g. Fidelity Investments® Nationwide is on your side Nationwide Advisory Services. Inc Tho Dreyfus Corporation Mellon Equity Associates Fidelity Management 8 Reasearch Company TCI Portfolios. Investors Research Corporation Dan and his associates at Comerica Securities are available to meet with you, at your convenience. For more information on The BEST of AMERICA variable annuities, including charges and expenses, please obtain a prospectus by calling Dan at (810) 948-2902. Please read it carefully before you invest or send money. ❑ Brain Waves Before investing, please understand that annuities are not insured by the FDIC, NCUSIF, or any other government agency. are not deposits or obligation of, or guaranteed by Comerica Bank or any of its affiliates, and involve risk, including possible loss of principal. NOT FDIC INSURED A Tel Aviv-based enterprise harnesses the sea's power and promises cheap electricity and desalinated water. May lose value No bank guarantee The BEST of AMERICA variable annuities are underwritten by Nationwide Life Insurance Company, Columbus, Ohio. Variable annuities are offered by Comerica Insurance Services, Inc.. an insurance agency and subsidiary of Comerica Bank, and are made available through Comerica Securities, a broker-dealer member NASD/SIPC and an affiliate of Comerica Bank. JONATHAN FEDLER SPECIAL TO THE JEWISH NEWS t's a weird setting for a far- shelf. The problem will be that reaching development based of combining them, but no sci- entific breakthrough is needed." on sea waves. Nationwide' and The BEST of AMERICA' . are federal service marks of Nationwide Strangely, Ovadia can't re- In the backyard of his Tel Aviv plywood, chipboard and member when he had his "brain Mutual Insurance Company. Copyright 1997, Nationwide Life Insurance Company. formica factory, between orange wave." The idea was to harness and myrtle trees, Shmuel Ova- the power of ocean waves using dia has cobbled together a col- a closed system that combines lection of pipes, tanks and wires: available, proven energy tech- TheBEsT a model of the world's first com- nologies: hydraulics, solar heat- bined wave power and seawa- ing and hydroelectric turbines. * OFAMERICA * ter desalination device, which The device is patented in the Member NASD/SIN' has the potential to cheaply pro- U.S. and protected in 82 differ- vide energy and drinking water ent countries. The costs are $.018 per kilo- by exploiting natural resources. There's nothing new about watt compared with $.0373 for harnessing wave power. In the coal and about $.0321 for gas. a a It may produce desalinated Middle Ages, tidal mills used \ r water from a pond which filled water at $.63 a cubic meter (a 5 (810) 541-5025 at high tides. The water flowed third less than the best avail- Gold, Diamond and through a gate, driving a wheel. able price), with an investment Estate Jewelry. 0 \ / A mill on London Bridge in the cost of $900,000 per megawatt 5 5 Large Diamonds, Watches, 17th century got half its power compared with $2 million for a from the tidal movements of the same-size, conventional power 5 Sterling, Signed Costume river between the arches of the station. And all this without pol- 5 5 Jewelry. Antiques, Oriental Everything you wanted to know about 5 Rugs, Art Glass, 50s and lution. bridge. It's hard not to be cynical, but 5 5 Classic Furniture. Complete The first large-scale modern the Internet but were afraid to ask scheme has been working since Ovadia is used to battling skep- 5 5 Estates. High Value Items. S ONE STOP Internet is the place to start 1968 at the mouth of the River tics. What seems to keep the 49- LV Rance, near St. Malo in France. year-old businessman/inventor 5 TOP PRICES PAID! LV We It produces 500 gigawatt-hours bubbling with optimism is not Unlimited Resources IV of electricity per year — 92 per- just the standard, unshakable 5 Call for private in-home or IV LV • Find the right provider for you IV cent of the power available from belief of all inventors that they bank vault appointment I IV V • Setup the software you need are right. the tidal flow at that point. Andy Adelson Where Ovadia is different Wave power's heyday was in • Show you how to use the 'net effectively 5 the wake of the 1970s oil crisis, from many other Israeli coun- 810-206-1100 • Do your business or personal web pages when soaring oil prices and terparts is in the amount of a a homework he's done, not just in growing environmental con- Just call us at (810) 541-5025 and we will help you sciousness made renewable en- learning the subject but in lin- with the rest. All for surprisingly reasonable rates. ing up technical experts, ergies look attractive. investors, research and devel- About 15-20 wave power sta- ■ ■ ■ Visit Our Web Site at ■ ■ ■ tions exist in Russia, Canada, opment partners and markets. Ovadia is a graduate of the http://www.rust.net/-mvs/onestop.htm China, Scotland, Ireland, the or e-mail us at mvs@rust.net United States, Japan and Nor- Shevach Technical High School in Tel Aviv and served in the Is- way. "Apart from the desalination raeli Army's engineering corps. option," says a scientist at Is- Upon discharge, he established Headquarters rael's Ministry of Energy and a company to produce motors Infrastructure, "Ovadia's sys- for the profile wood industry Automotive Group Ltd. Tl• GratastAve.att2MINROad,Resevale,Michigan tem does have one advantage and began to trade in lumber lust 25 Weida train the Birmlnafisuaiilaentfield area [over other systems]: It is based 445-f3000 445-6080 aff ofW096" on technologies already on the BRAIN WAVES page 64 Comencasecur ities CONHOENI1AL CASH! 2 STOP Internet MU.A11_,AA'S C LoAr fort Shoe EILA JOHNSTON . MURPHY mama . ECHO flOCKPORT- • NIKE , ARNOLD J A NUA R Y 3 1 to entrepreneur, was also tied to a personal search for fulfill- ment. Mr. Kalish says he began to feel that academia was "ir- relevant" and that running a business would be a greater con- tribution to the local economy. "Israeli engineers are maybe the best in the world, but Is- raelis don't know how to do busi- ness in the rest of the world. They know how to make a prod- uct, but they don't know how to offer solutions," he says. "My contribution is to give compa- nies support in business devel- opment and planning, follow them along their development with overseas bodies for mar- keting and distribution, and Dan can help you prepare for a secure retirement with investments in such products as The BEST of AMERICA' variable annuities.