KUDOS page 67
12 MONTH
CERTIFICATE
5.75%
City National Bank in Sherman
Oaks, Calif. She also has been
elected to the board of directors
of the Sherman Oaks Chamber
of Commerce, and volunteers as
an adviser for B'Sheret BBG in
Agoura Hills.
INTEREST RATE
5270
A.P.Y./*
60 MONTH
CERTIFICATE
6.00%
6.13%
INTEREST RATE
A.F.Y./*
Irvin Otis, an adjunct professor
at Central Michigan University
and president of Otis Associates,
an automotive consulting firm,
has been appointed president of
the Detroit Chapter Institute of
Industrial Engineers, a post he
first held in 1967.
The Entrepreneurs' Network
of Michigan will hold a busi-
ness breakfast, 7:30-9 a.m.
Thursday, March 13 and 27, at
Buddy's Bar-B-Que Restaurant,
6676 Orchard Lake Road, West
Bloomfield. For reservations, call
(810) 352-7470.
These are fixed rate certificates of deposit that are insured by Federal Deposit
Insurance Corporation (FDIC). A minimum opening deposit and balance of $500.00
is required to obtain the stated Annual Percentage Yield.
FACA
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■ 11.
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EQUAL HOUSING
OPPORTUNITY
CALL (810)338-7700 or (810)352-7700
LENDER
Main Office 2600 Telegraph Rd. Bloomfield Hills, MI 48302
Felierilie71;:fared *44.,
5100,060
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*Annual percentage yield when compounded quarterly. Rate is accurate as of 3/7/97. Penalty for early withdrawal from certificate accounts may be assessed.
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Wendy Brickner
Wendy Brickner, owner of Mail
Works Plus and a member of
PostNet Postal and Business Ser-
vices, Simsbury Plaza in West
Bloomfield, has been elected to
the PostNet National Franchis-
es Advisory Council.
Dead Sea Works
Deal With China
Jerusalem (JPFS) — Dead Sea
Works has received a $10-million
order for 100,000 tons of potash
from the Chinese chemical con-
cern Sinochem, Israel Chemicals
chairman Shoul Eisenberg said.
Mr. Eisenberg and China's visit-
ing vice premier Li Lanqing an-
nounced the deal.
Israel Chemicals, the parent
company of Dead Sea Works, is
building a potash plant with Chi-
nese partners, according to Er-
win Eisenberg, the CEO of Israel
Corp., a holding company con-
trolled by Mr. Eisenberg.
The deal between Dead Sea
Works and China represents a
renewal in ties between the two
parties. Israel previously supplied
China with the bulk of its potash
requirements, but recently the
Chinese began to import the fer-
tilizer from Canada. The Chinese
import 3 million tons of potash a
year.
The aim of Mr. Lanqing's four-
day visit was to increase trade be-
tween the two countries, a
representative form the Chinese
Embassy said. Two-way trade to-
talled $240 million last year.
Tadiran. Info.
Bought By IBM
Jerusalem (JPFS) — IBM Israel
signed an agreement to pur-
chase 51 percent of Tadiran In-
formation Systems in exchange
for $5.5 million, Tadiran in-
formed the Tel Aviv Stock Ex-
change.
The deal is part of a merger
agreement to combine the two
companies' outsourcing activi-
ties.
Tadiran Information, which
serves as Tadiran's software di-
vision, will turn into IBM's out-
sourcing arm in Israel, as well as
part of the company's interna-
tional service network — IBM
Global Services. Tadiran Infor-
mation is considered one of Is-
rael's largest systems integration
and software development firms.
According to the agreement,
IBM will transfer information
systems to Tadiran valued at
$3.9 million.
As a result of the merger, IBM
and Tadiran forecast that out-
sourcing activities will reach $50
million in 1997, while backlog of
orders are expected to total
about $70 million.
The transaction is part of
Tadiran's policy to establish co-
operation agreements with
multinational industry leaders,
Tadiran general manager Yis-
rael Zamir said.
The company hopes the trans-
action will significantly increase
the division's computer pro-
gramming business and en-
courage joint projects with IBM
in the programming and com-
puter fields, he said. The agree-
ment is subject to the approval
of the anti-trust division at the
Israel Industry and Trade Min-
istry.
Joint Project
Allocation
Jerusalem (JPFS) — Emultek
Ltd. of Jerusalem and Motorola
Inc. of Illinois recently announced
that they have received a $1.1
million allocation from the BIRD
Foundation, for a $3 million joint
development project.
Under the terms of the project,
Emultek and Motorola's Corpo-
rate Software Center will work
together to enhance the Emul-
tek's "Rapid" tool for virtual pro-
totyping. Rapid is a software tool
that allows simulation develop-
ment of interactive systems.