LT

will host a seminar 12:30 p.m.
'Sunday, Nov. 2, at the Bloomfield
Township library. To
re-ister, call (248)
646-9509.

Our CD'S
Don't play
Music,

5.87

One Year Certificate

Eric Kushner has
been named account
assistant at
Farmington Hills-
-; based Marx Layne &
Company, public
relations agency.

FL)WS 7 "A R

BAN K

Member F.D.I.C.

but could
be Music
to your Ears

248-338-7700 or 248-352-7700
2600 Telegraph Rd. • Bloomfield Hills • MI 48302

0/0

This is a Federal Deposit Insurance Corporation insured account (FDIC). A minimum opening
deposit and balance of $500.00 is required to obtain the stated Annual Percentage Yield.

A.P.Y.*

Annual percentage yield when compounded quarterly. Rate is accurate as of
10/31/97. Penalty for early withdrawal from certificate accounts may be assessed.

Eric Kushner

Israeli Firm
Goes Public

Earn higher yields!

Jerusalem (JPFS) — Astra Technology
Investments, a Tel Aviv-based venture
'capital fund, hopes to become the first
Israeli company to sell shares on
Paris's Nouveau Marche stock
exchange, with an initial public offer-
ing scheduled for December, manag-
ing director Edouard Cukierman said.
Astra, a $7 million fund with a
portfolio of eight high-tech companies
'n the agriculture, medical, and smart-
card sectors, will go public at a corn-
pany valuation of $20 million, "a sig-
nificant discount," Cukierman said.
While Israeli companies have fared
p_mrly on London's Alternative
Investment Market which, like the
Nouveau Marche, opened last year as
an outlet for smaller companies,
ukierman said he expects his compa-
ny to perform well in Paris.
Unlike the Israeli companies that
chose to go public on the AIM
because they could not meet Nasdaq's
stiffer criteria, Cukierman said his
companies are big enough and gener-
ate enough revenue to meet Wall
Street's requirements.

Tower Predicts
Doubling Share

Jerusalem (JPFS) — Tower Records, the
California-based record company,
expects its Israeli market share to double
within the next 18 months to 25 per-
cent, Andy Lown, managing director
for Europe and the Middle East, said.
Tower is currently embarking on a
Jc-campaign to open smaller, "express"
outlets in Hamashbir department
stores.
The company also announced the
opning of Hippo, a Ramat Gan-
based store that combines Tower
Records, Bug computers, and
Steimatzky books under one roof.

SM

MONEY MARKET

4.75°Ip°y

BERKLEY • (248) 546-2590
BIRMINGHAM • (248) 646-8787
CLAWSON • (248) 435-2840
COMMERCE TWP. • (248) 669-3993
ROCHESTER • (248) 656-5760
SOUTHFIELD • (248) 948-8799
TROY • (248) 649-3883 *
WEST BLOOMFIELD • (248) 855-6644

* NEW LOCATIONS IN COMMERCE TWP. & TROY

Sterling

FREE

Municipal
Bonds
Listing

bank
&tiust

We Create Solutions()

Cr

LENDER

Annual percentage yield accurate as of 7/28/97 and are
subject to change without notice. Money Market: $2500
minimum balance required to open account and must be
maintained for stated APY. Balances below $2500 earn
2.75%. Fees may reduce earnings if minimum balance is
not maintained. © 1997 Sterling Bank & Trust FSB.

BAS S ONOVA

Buy from the
manufacturer

$50 SALE

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Cy Lisnov

Blazers
Pants
Skirts
Select Group

EVERY SATURDAY I0 a.m.-4 p.m.
COMFORT INN • FARMINGTON HILLS

(12 Mile Just East of Orchard Lake Rd.)

(248) 471-9220

[Mon-Fri call (248) 754-6360]

10/31
1997

149