Contact Tel 519.886.2831 Advertising Inquires Feedback Subscribe to Exchange Magazine
Daily News Visitor Events Stock Reports Weather
Department Index Agribiz Associations A/V Cast
Biotech Book Reviews Construction Economy Education Energy Entrepreneurship Environment Financial Government Health Care Human Resources Immigration Legal Lifestyles Manufacturing Marketing Media Philanthropy Research Reports Retail Technology Tourism Transportation World News
2006 Archive Entrepreneurship
Jan 1 - Mar 27
Mar 28 - May 15
May 16 - June 16
June 16 -Sept 11
Sept 12 - Oct 06
ENTREPRENEURSHIP
Bob Rae Now Favored to Win Liberal Party Leadership
PinnacleSports.com Announces Updated Odds On Liberal Leadership Race


WILLEMSTAD, Curacao - The Liberal Party of Canada's 2006 Biannual Convention has arrived and delegates are now only days away from determining the winner of the Liberal Leadership race. With the successor to Paul Martin set to be decided on Saturday, PinnacleSports.com today released updated odds on who'll become the next leader of the Liberal Party.

The largest sports betting site on the Internet, PinnacleSports.com originally opened wagering on the eight candidates to win the Liberal Leadership race in mid-September with Michael Ignatieff as a 7/4 favorite (i.e., win $7 for every $4 bet) to become the party's next leader. Now only two days before the new Liberal leader is determined, Bob Rae has overtaken Ignatieff as the favorite to assume the party's leadership position at 3/2 odds (i.e., win $3 for every $2 bet). Despite receiving the most bets and 40% of all money wagered throughout the campaign, support for Ignatieff has waned since Super Weekend and he now has just the third-best odds to win the election at 7/2 odds.

Francophone candidate Stephane Dion has made a solid push since betting opened, receiving 20% of all wagers placed and now stands at 2/1 to become the next head of the Liberals. Although he's currently ahead of Dion in the number of delegate votes received, Gerard Kennedy has gained only moderate support from bettors, receiving just 10% of all dollars wagered to date, and is currently 5/1 to win the party vote. PinnacleSports.com considers the four other candidates as longshots to win the leadership race, with Ken Dryden (200/1), Joe Volpe (300/1), Scott Brison (400/1) and Martha Hall Findlay (500/1) accounting for a combined total of only 3% of the bets placed so far on the Liberal leadership race.

"Our bettors have been deadly accurate at forecasting election outcomes in the past including correctly predicting the Conservatives win in the January election weeks before the opinion polls," said Simon Noble of PinnacleSports.com. "Ignatieff had been the favorite to win the election since betting opened until the start of the Liberal Party Convention, but since Super Weekend he's been losing momentum and bettors have begun backing other candidates. The polls now indicate that Rae and Dion will receive support from the fringe candidates which should catapult them ahead of Ignatieff. Since the convention opened yesterday, bettors obviously followed the latest polls and began backing Rae and Dion to assume control of the party leadership."

PinnacleSports.com will continue to offer betting on the Liberal Leadership race until the convention's conclusion and accept wagers of up to $500 from players. In addition, PinnacleSports.com will also offer live wagering as the ballots are cast throughout the convention.

Current Odds: All Odds Subject To Change <<

Odds To Be Next Leader Of Liberal Party Of Canada

Bob Rae 3/2
Stephane Dion 2/1
Michael Ignatieff 7/2
Gerard Kennedy 5/1
Ken Dryden 200/1
Joe Volpe 300/1
Scott Brison 400/1
Martha Hall Findlay 500/1

Venture Capital Cross-Border event of the year

Over 250 Venture Capitalists to Meet in Québec City at North American Venture Capital Summit 2006

Québec City - Continuing on the success of last year's event, the North American Venture Capital Summit 2007 ("NAVCS") today attracted over two hundred and fifty venture capital investors, nearly half of whom represent funds from the United States, Europe, China or Israel, in Québec City for an exclusive summit on November 30th and December 1st. This is the third consecutive year that U.S. venture capitalists are meeting with their Canadian counterparts to further discuss opportunities and challenges tied to investment opportunities in Canada.

The event, held at the Château Frontenac, is supported by prominent sponsors including the Canadian and Quebec governments, which are seeking to promote cross-border syndication opportunities across cutting edge industries such as information technology, telecommunications and the life sciences. While these sectors have grown significantly with the help of early-stage investments by Canadian venture capitalists, Canadian companies and their financial partners are turning to the more mature U.S. and international venture capital markets for expansion financing to help foster further growth and enhance expansion into the United States and other international markets. Other prominent sponsors of the event includes: Caisse de dépôt et placement du Québec ("CDP"), BDC Venture Capital, Intel Capital, Stable Capital Advisors, Société générale de financement du Québec, Fonds de solidarité FTQ, Desjardins Venture Capital, Conférence régional des élus de la Capitale-Nationale, Ville de Québec, Pole Québec Chaudière-Apalaches, Dow Jones & Company and the Thomson Corporation.

"The NAVCS annual event has long delivered clear valuable peer-to-peer networking and venture capital industry insight related to cross-border transactions. We bring together dedicated Partner level venture capitalists and institutional investors active in venture capital, for a day and a half to share ideas and experiences. Participants explore strategic syndication opportunities and ways to overcome the challenges tied to cross-border investing" said Christian Racicot, President and Co-founder of NAVCS and Partner at the law firm of BCF LLP. "By meeting every year in Québec City we hope to expand cross-border co-investing for the benefit of entrepreneurial companies, the venture capital industries, and the economies of both countries."

Senior representatives of major US and Canadian investors will be attending, including 3i, AGF Private Equity, AsiaTech Ventures, Axa Private Equity, Bain Capital Ventures, BDC Venture Capital, Boston Millennia Partners, Caisse de dépôt et placement du Québec, Celtic House, Chart Ventures, Desjardins Venture Capital, Edgestone Capital Partners, Entrepia Ventures, FIER Partenaires, Fonds de solidarité FTQ, Garage Technology Ventures Canada, Gobi Partners, GrandBanks Capital, GrowthWorks Capital, Highland Capital Partners, I-Source Gestion SA, IDG Ventures, Innovacom SA, Insight Venture Partners, Intel Capital, Iris Capital, Kensington Capital Partners, Key Venture Partners, LG Venture Investment, Marubeni America Corporation, MSBi Capital, NGEN Partners, Novacap, OMERS Capital Partners, ORKOS Capital SA, Oxford Biosciences Partners, Pappas Ventures, Paul Capital, Polaris Venture Partners, Prism Capital, ProQuest Investments, Quester, Rho, SAM Private Equity, Sanderling Ventures, Seaflower Ventures, Shott Capital Management, Siemens Venture Capital, Sunbridge Partners, Tech Capital Partners, TIF Ventures Pte, Union Square, Vantage Point Venture Partners, VenGrowth Asset Management, Ventures West, Vertex Venture Capital, Vintage Venture Partners, Wellington Financial, and many more.

"This event is unique for the reason that it is an invitation-only event focused on venture capitalists, limited partners, gatekeepers and government officials active in the venture capital industry," said Stephen A. Hurwitz, Partner at the Boston law firm of Choate Hall & Stewart LLP, Co-Founder and Chair of NAVCS, and a prominent figure in the cross-border venture capital industry. "In addition, by adding the Emerging Partners component this year, we are proudly taking a leading role in the industry by providing participation in the Summit for the young "up-and-comers" of the venture capital industry". The Emerging Partners component of the program will address the needs of the up-and-coming Analyst to Principal level professionals in the venture capital industry by cultivating their personal development as they prepare to become the partners of the next wave of venture capital funds in the future.

Québec Premier Jean Charest plans to address the NAVCS participants on December 1st.
iGNITION $1K gives students the opportunity to showcase their business ideas

The 2007 iGNITION $1K Pitch Competition, taking place on January 12, 2007 in the Senate and Board Chamber, is designed for both students and community members. It provides future entrepreneurs with the opportunity to present their business ideas in a safe and constructive environment.

Competitors have 90 seconds to present their business idea to a panel of judges. The top three teams will walk away with $1,000 each with no commitment to start their business.

The deadline to enter is Friday, December 8 at noon; both individuals and teams can sign up online at www.launchpad50k.ca.

iGNITION $1K serves as a warm up for entry into the LaunchPad $50K Venture Creation Competition that runs in May. LaunchPad $50K is a platform designed to develop and encourage entrepreneurs in the Kitchener, Waterloo, and Guelph communities. The competition strives to bring students and community members together in business ventures leveraging participants’ knowledge, skills, and abilities.

Over the course of the year, LaunchPad $50K participants attend a variety of networking events and workshops designed to assist with business plan development and team formation. Upcoming events to assist with pitch formation are:

January 9, 2007 - Workshop #3: Perfecting Your Pitch at 5:30-7:00pm, Senate & Board Chamber

January 11, 2007 - Pitch Practice / Feedback Session at 5:30-7:00pm, Senate & Board Chamber

All workshops and events are free.

For more information, please visit www.launchpad50k.ca or contact James Nadeau at organizer-wlu@launchpad50k.ca.

CFIB: Small business ready to fight big union Bill C-257

OTTAWA - "Most people think banning replacement workers only affects big businesses and unionized firms, the reality is that it's the small businesses that can least afford to get blindsided by big unions and frozen by a work stoppage," says Garth Whyte, Executive Vice-president of the Canadian Federation of Independent Business (CFIB). "MPs had better stop putting politics over policy and realize that this Bill is not a political freebie to get union votes, Canada's SMEs and local communities are watching."

CFIB released an open letter today, which was sent to every Member of Parliament this week calling on them to vote against Bill C-257, dubbed "anti-scab" legislation. CFIB believes strongly that this initiative would make Canada less competitive and would threaten the survival of small businesses and communities who rely on federally regulated services like Canada Post, transportation, railways, and telecommunications. The letter expresses concern that such legislation is unnecessary and will lead to longer, more frequent work stoppages.

CFIB's letter also states that the Private Member's Bill gives too much power to unions to take advantage of a tight labour market when SMEs are already stifled by the shortage of labour.

"Any MP who votes in favour of banning replacement workers casts a vote against the survival of small businesses in their communities, job creation, and Canada's competitiveness overall," continued Mr. Whyte, shocked that this legislation has widespread support amongst Liberal MPs and even some Conservatives MPs who say they are for Canada's competitiveness.

Mr. Whyte concluded, "There are already protections in place for unions in existing legislation. Who is going to stand up and vote against big unions to protect small businesses and local economies?"

CFIB represents over 105,000 small-and medium sized business members. According to Statistics Canada small businesses alone represent 97% of all Canadian business and 45% of Canada's GDP and are often referred to by government as the drivers of our economy.

To review the letter from CFIB to MPs, please visit http://www.cfib.ca/legis/national/pdf/5331.pdf

Vikram Akula is the Social Entrepreneur of the Year 2006 in India

New Delhi – Vikram Akula, Founder and CEO of SKS Microfinance Private Limited, has been named the India Social Entrepreneur of the Year. Sonia Gandhi, Chairperson of the United Progressive Alliance and President of the India National Congress, presented the award to Dr Akula during the World Economic Forum’s India Economic Summit. Dr Akula said, "This award is an affirmation of the entrepreneurial spirit of the poor women working across India."



Sonia Ghandhi presents Dr Akula
with the Social Entrepreneur of
the Year Award


SKS Microfinance, based in Hyderabad, Andhra Pradesh, applies global business practices to the field of microfinance. Known as the ‘Starbucks of Microfinance’, SKS standardizes microfinance processes and uses technology to accelerate growth. Indeed, SKS was the fastest growing microfinance institution from 1998 to 2004 with a 300% growth rate. SKS has lent over 3.2 billion rupees in income-generating loans and has benefited approximately 1.5 million individuals. Their loan members improve their economic well-being by 11% yearly − often breaking the cycle of poverty within three years. Vikram was born in Hyderabad and grew up in the United States. He witnessed poverty on numerous family visits to India and made a promise to himself to eradicate it.

The Schwab Foundation and the Nand & Jeet Khemka Foundation, in collaboration with the Confederation of Indian Industry (CII) and UNDP, worked together on the selection and award process. An eminent jury including representatives of the partners as well as Anu Aga of Thermax Ltd, Ashok Khosla of Development Alternatives, Byrraju Raju of Satyam Computer Services and Shekhar Gupta of Indian Express selected the Social Entrepreneur of the Year in India from among four finalists. The other three finalists are:

Amitabha Sadangi is the CEO of International Development Enterprises India (IDEI) based in New Delhi. Since 1992, IDEI has developed and marketed affordable micro-irrigation technologies to 800,000 marginal and small farmers of India. The irrigation technologies have vastly improved their agricultural productivity, strengthened their food security bases and integrated them into rural markets. This often lifts the user out of poverty by raising income by 33 to 50%.

Padmanabha and Rama Rao are the co-directors and co-founders of Rishi Valley Institute for Educational Resources (RIVER) based in Madanpalli, Andhra Pradesh. RIVER has developed a multigrade, multi-level (MGML) methodology that turns the many problems of rural education into advantages. RIVER has worked with the government to adopt the MGML methodology in more than 25,000 schools and provides quality education to 7.5 million children.

S. Rajagopalan and Svati Bhogle are the chairman and CEO respectively of Technology Informatics Design Endeavour (TIDE) based in Bangalore. TIDE identifies economically rewarding, environment-friendly technologies and adopts them to be sold by rural entrepreneurs to demonstrate the local economic benefit of technology use and overcome socio-cultural obstacles. This has led to improved livelihoods for 15,000 individuals and the conservation of 150,000 tonnes of natural resources.

The Schwab Foundation for Social Entrepreneurship was started by Klaus Schwab, founder of the World Economic Forum, and his wife, Hilde. Since its inception in 2000, the Foundation has been searching for the world’s leading social entrepreneurs, who implement innovative and pragmatic solutions to social problems by tackling the root causes and creating a social transformation. The current network of the Foundation spans 105 social entrepreneurs and their organizations from more than 40 countries. A recent evaluation study showed that the budgets and the number of beneficiaries reached of the selected social entrepreneurs grew three times faster while part of the network. In one year alone, the Schwab social entrepreneurs raised close to US$ 80 million as a direct result of the contacts and opportunities offered by the Foundation.

Competition kicks-off to find Canada's Next Top Ad Exec

HAMILTON - McMaster University and Mitsubishi Motor Sales of Canada Inc. are launching a nationwide competition that challenges savvy undergraduate business students across Canada to develop an innovative experiential marketing campaign for the new 2008 Mitsubishi Lancer and compete for the title of Canada's Next Top Ad Exec. Business school students across the country will go head-to-head, and entrants get unprecedented interaction with Canada's brightest marketing minds. At the end of it all, one person will walk away with the title and keys to a new Mitsubishi Eclipse or Lancer valued at more than $30,000.

What: Official competition launch to find Canada's Next Top Ad Exec

When: Tuesday November 28, 2006

Time: 10:30 am - 11:30 am

Where: McMaster University DeGroote School of Business (Atrium) 1280 Main Street West Hamilton, Ontario

Who: Larry Futers, Director of National Marketing, Mitsubishi Motor Sales of Canada, Inc.
Dr. Milena Head, Associate Professor & Associate Dean Professor
Mandeep Malik, Director of bizX Program for Student Exchange & Lecturer Adam Vespi, CNTAE Chair
Matt Gould, CNTAE Executive Business Students, Faculty and Staff of McMaster University

Canada's Most Powerful Women Gather Together at the Fourth Annual Women's Executive Network Top 100(TM) Awards and Summit

TORONTO - The winners of the fourth annual Canada's Most Powerful Women: Top 100(TM) will be announced today by the Women's Executive Network(TM) and co-presenting sponsors Scotiabank and Richard Ivey School of Business. The awards in eight categories will be presented during a sold-out Awards Luncheon - the focal point of a daylong professional development Summit that takes place at the Metro Toronto Convention Centre. For a complete list of this year's winners, please go to our website at www.wxnetwork.com.

Over 1000 executives and future leaders will gather at the awards ceremony to celebrate the achievements of the most influential women in Canada. Attendees will hear a variety of award winners including: Government of BC Deputy Minister to the Premier and Cabinet Secretary Jessica McDonald, Lakeport Brewing & Income Fund Chair and Chief Executive Officer Teresa Cascioli, Canada's National Ballet School Artistic Director Mavis Staines, Free the Children's Chief Operations Director Dalal Al-Waheidi and Scotiabank's Executive Vice President and Group Head, Global Transaction Banking Alberta Cefis.

The full day Summit kicks off with a breakfast keynote address from Top 100 award winner Petro-Canada Senior Vice President North American Natural Gas Kathleen Sendall, one of the most senior female corporate executives in Canada. There will be interactive sessions throughout the day featuring Top 100 award winners including: panel discussions on the myths of worklife balance in the executive suite, how women can build their mentoring networks and what it takes to build a career as a board director. Featured Top 100 panelists include TELUS Quebec and TELUS Partner Solutions' Executive Vice President & President Karen Radford, Court of Appeal for Ontario Honourable Justice Eileen Gillese, and Alliance Atlantis President & CEO Phyllis Yaffe. The day rounds out with an inspirational session with Pier 21 Foundation Chair Ruth Goldbloom.

"This year we are thrilled to have over 80 of our Top 100 winners and alumnae joining us," said Pamela Jeffery, Founder of the Women's Executive Network and Canada's Most Powerful Women: Top 100 Awards program. "The caliber of this year's winners and featured panelists is an amazing testament to the incredible talent we have in Canada - across all sectors."

"Canada has a wealth of talented and experienced businesswomen who make outstanding contributions to the growth of their organizations and the Canadian economy as a whole. Whether as managers in large organizations or as entrepreneurs in their own companies, women in business are making great strides," said Carol Stephenson, Dean, Richard Ivey School of Business.

"Ivey recognizes the importance of women in leadership roles. Through our programs we encourage women to seriously consider careers in business. This event is an important initiative to celebrate the impact that women are making in industries across Canada and Ivey is pleased to again be part of Canada's Most Powerful Women: Top 100," said Stephenson.

Canada's Most Powerful Women: Top 100(TM) Awards and Summit recognizes exceptional women in eight categories: Corporate Executives, Entrepreneurs, Public Sector Leaders, Trailblazers & Trendsetters, Professionals, Champions, Future Leaders and new this year - Arts and Communications. For category descriptions and nomination criteria, please visit www.wxnetwork.com.

"Scotiabank is pleased to continue our involvement at the fourth annual Canada's Most Powerful Women: Top 100 Awards," said Sylvia Chrominska, Executive Vice President, Human Resources and Public, Corporate and Government Affairs, Scotiabank. "We are continually working hard to create opportunities for all of our employees, and to look for avenues to support the women who work for our organization. Scotiabank is dedicated to ensuring that there is a level playing field, so that women can explore their full potential, grow, advance and succeed in their efforts to rise to senior leadership positions in the organization."

Other sponsors of this year's Canada's Most Powerful Women: Top 100(TM) Awards and Summit are Ernst & Young, TELUS, Mercedes-Benz Canada, TD Bank Financial Group, Cisco Systems, Palm Canada, The Globe and Mail, Miller Dallas, MICA Consulting Partners, Andrew's and Sandra Ainsley Gallery.

WXN is Canada's most influential female audience and the country's leading organization dedicated to the advancement and recognition of executive minded women in the workplace. WXN continues to expand our presence in Canada with the 2006 launch in Edmonton. WXN's over 10,000 members are women leaders in business, government and not-for-profit sectors who attend our exclusive by-invitation-only breakfast series, Canada's Most Powerful Women: Top 100(TM) Awards and Summit, and professional development programs. Over the last year, WXN has expanded offerings to provide a brand new peer-mentoring program - WXNWisdom(TM) - exclusively for Top 100(TM) winners, alumnae and senior executives.

Establishing Credibility to Gain the 'Trust Factor' Sales Coach Offers Tips to Empower Small Business Owners

NEWTON, MA - Everyone is bombarded with advertising that sounds too good to be true. People will only purchase with you when they feel like they will receive exactly what is advertised. "It's called the 'trust factor' and the key to getting it is credibility," says sales coach Kelle Sparta.

Sparta points out that the easiest way to do that is defining what makes you different from all the others. "It's that difference - and providing great information will showing it - that wins customers in the long run."

Sparta is the founder of Sparta Success Systems and author of The Consultative Real Estate Agent - Building Relationships that Create Loyal Clients, Get More Referrals, and Increase Your Sales, as well as being a speaker and trainer.

Sparta offers the following tactics that can be done by those wanting to create credibility:

1. Get quoted in the newspaper: The easiest way to do this is to pitch a story that is interesting to the reporter that you can be quoted in as an expert.

2. Recycle this publicity: Post the article on your website, link to it from your articles, mention it in you advertising publications, and reference yourself as "As seen in..."

3. Write a tips booklet: "You can write tips from general topics, like how to start your own business, to specifics, such as focusing on your field of expertise," Sparta suggests. These booklets can also be an additional source of income when they are sold on the web.

4. Testimonials: "The most often overlooked way of establishing credibility is letting your clients speak for you," Sparta explains. "People like to hear from other people who have worked with you in the past because they can be trusted."

Tri-City Retail Systems Wins Big at Microsoft Partner Program Awards

Tri-City Retail Systems Wins Dynamics ISV Solution of the Year Award in Microsoft Partner Program IMPACT Awards

Microsoft Partner Program IMPACT Awards honour Microsoftâ s top Canadian technology partners


Kitchener - Tri-City Retail Systems announced November 17, 2006 that it has been selected as the winner in the Dynamics ISV Solution of the Year category at the 2006 Microsoft Partner Program IMPACT Awards. The annual IMPACT awards recognize excellence within the Canadian technology partner community and the innovative solutions and value they bring to their customers. The winners were announced at a gala event in Toronto on November 2, 2006.

"Each year we present the IMPACT Awards as an opportunity to celebrate top technology partners who have shown true dedication through their tremendous technical support and customer service," said Lora Gernon, Director of Partner Group, Microsoft Canada Co. " This achievement further demonstrates Tri-City Retail Systemsâ commitment to delivering high quality, fully integrated Microsoft-based technologies to its customers, and we are proud to recognize Tri-City Retail Systems as a recipient of the 2006 Microsoft Partner Program IMPACT Award."

Tri-City Retail Systems was chosen as the winner in the Dynamics ISV Solution of the Year category for their development of the RMS-TD Bridge Payment Processing Software Program which enables clients of Microsoft Retail Management System (RMS) the ability to process debit and credit transactions more quickly and accurately than ever before.

" We are extremely honoured to receive this award in recognition of Dynamics ISV Solution of the Year for the 2006 IMPACT Awards," said Michael Steg, Managing Director of Tri-City Retail Systems. " Being recognized as a solutions provider that offers quality products and services to our customers is a great accomplishment and we will continue our commitment to offering superior service and support for Microsoftâ s Retail Management System."

Tri-City Retail Systems, along with other technology partner winners and finalists in each of the award categories, was honoured at a gala event in Toronto on November 2, 2006.

Toronto Businessman Fined For Sales Tax Offence Facing $18,750 In Court-Imposed Fines And Penalties

TORONTO - The sole officer and director of a Toronto company has been fined $15,000 in connection with his firm's failure to remit Provincial Sales Tax (PST) collected from customers over a 31-month period.

Voytek Mardula of Toronto pleaded guilty at Old City Hall on November 2. Justice of the Peace Milan Then was told that 3985903 Canada Inc., operating as Designer Collections, collected $79,918 in PST between May 2002 and November 2004, but failed to hand in more than half that amount - $45,304. The charges were laid after a ministry investigation confirmed the shortfall.

Then granted Mardula one year to pay his fine. In addition, a surcharge of $3,750 must be paid to the Ontario Victims' Justice Fund.

The Ontario Ministry of Finance operates a Voluntary Disclosure Program. Corporations and individuals may come forward and voluntarily report past violations of provincial tax laws, and pay any amount owing. Prosecution and civil negligence penalties are waived in such cases. To qualify for immunity from prosecution and penalties, however, a disclosure must be voluntary - it cannot be prompted by a request for access to a taxpayer's business records or other ministry enforcement action.

US Senate Election Wins for Sarbanes-Oxley Reform Corporate Accounting Rules Could See Change

Washington, D.C. —Reform of the onerous Sarbanes-Oxley accounting mandates was a winning issue for Democratic and Republican candidates in the election of 2006, according to an analysis by the Competitive Enterprise Institute’s Center for Entrepreneurship.

Democrats, the big winners in this year’s election, advocated broad legislative efforts at lightening the burdens of Sarbanes-Oxley, which was rushed through Congress in response to the bankruptcies of Enron and WorldCom in 2002. “In their rhetoric, they outflanked GOP leaders who said no legislative changes were necessary,” notes John Berlau, director of the Center for Entrepreneurship.

“Nancy Pelosi, Chuck Schumer, John Kerry, and, ironically, incoming New York Gov. Eliot Spitzer have said throughout the election season that Sarbanes-Oxley is too burdensome,” said Berlau.

Additionally, House Republicans who had signed on to a 2006 bill to scale back some of the law’s most costly provisions were all re-elected to office. In fact, some of the bill’s sponsors, like Rep. Geoff Davis (R-KY), and Rep. Randy Kuhl (R-NY), were competing in some very tough races. Not one of the 25 GOP sponsors of Rep Tom Feeney’s COMPETE Act, which would scale back Sarbanes-Oxley’s most onerous provisions, suffered defeat.

Just prior to the election, House Speaker-to-be Nancy Pelosi said that the law had “unintended consequences” and indicated she was open to throwing out some sections. Of the law, she told CNBC’s Larry Kudlow, “You need the transparency. You need the focus on it. But you don’t need—I don’t think you need the whole package.”

“Election 2006 shows that scaling back Sarbanes-Oxley has proven to be good politics as well as good policy,” said Berlau. “Billions of dollars and thousands of man hours have been spent by entrepreneurs and employees complying with burdensome mandates that are often counterproductive for shareholders. The returns are in, and Sarbanes-Oxley overhaul is a winner.”

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government. For more information about CEI, please visit our website at www.cei.org.

Celebrate Give a Gift to Yourself Day on December 13

Lifestyle Entrepreneur Offers Tips and a Gift to Women

San Diego - The hustle-bustle of the holidays often leaves many women frazzled, frustrated and overwhelmed. But according to one lifestyle entrepreneur, you can reduce the stress by celebrating Give Yourself a Gift Day on December 13.

"You'd think that stores were giving away gifts, the way shoppers flock to malls during the holidays. But for most families, gift buying typifies just one holiday activity that can lead to seasonal stress," says Lifestyle Entrepreneur Heather Moore.

When the holidays come along, people already predisposed to stress can find themselves feeling blue and more stressed out than usual. For those who don't ordinarily feel stressed under the pressure of events or deadlines, the holidays can still play havoc with our lives. "That's why I created Give a Gift to Yourself Day - to find a way to treat yourself during the stressful holiday season."

To celebrate the day, Moore is offering a free lipstick. "One of the best ways women can feel less stress is to feel better about themselves," she says. "And what better way to feel great than with a new lipstick?" The lipstick is available to anyone by going to http://www.women-in-biz.com/home_gift.htm.

Moore also points out several ways to give yourself more gifts, without spending anything:

- Eat Right. A healthy diet is important any time of year, but perhaps even more so during the holidays, when an assortment of treats, sweets and high-fat foods are all too tempting. Instead, focus on healthy alternatives such as fruits, vegetables and lean meats, and drink plenty of water, which helps curb appetite.

- Exercise. Regular exercise is always a priority, even during hectic times like the holiday season. Studies, in fact, have shown that exercise reduces stress.

- Rest Up. Not enough rest feeds stress, and can leave one feeling grumpy, unfocused or overwhelmed. The amount of sleep a person needs varies, but a good target is seven to eight hours.

- Get Real. Stress often is caused by the void between the way we think the holiday season ought to be and the way life really is. Letting go of the Leave It to Beaver images of families and relationships during the holidays can help ease feelings of disappointment, anxiety or anger.

- Remember What's Important. Despite the barrage of commercialism in the media throughout the holidays, remind yourself that the holiday season isn't about armfuls of presents and keeping up with the neighbors. It's about family, and friends.

Heather Moore is a lifestyle entrepreneur who teaches other women to have success in their businesses on their own terms. She worked in the cubicle world of corporate America for more than 10 years. Although she enjoyed her work very much, she was looking for something new, exciting and challenging.

Outstanding Entrepreneurial Success

Waterloo - JA of Waterloo Region dcelbrated it's 22nd annual Award Night Dinner. Over 500 guest attended the evening held in the Bingeman's Ballroom November 2, 2006. Guest Speaker Frank MCkenna, praises Waterloo Region for it's continued drive toward prosperity. Six local companies were recognized with Business Achievement awards:

CIBC Business of the Year Award:
Conestoga Rovers & Associates of Waterloo.

The Record Small Business Award:
Erb & Good Family Funeral Home of Waterloo.

Gowlings New Business Award:
Grand River Foods of Cambridge.

KPMG Excellence in Technology Award:
Sandvine Inc. of Waterloo.

Royal Bank Retailer of the Year Award:
Stemmler Meats & Cheese of Heidelberg.

The Union Gas Corporate Citizenship Award:
Coldwell Banker Peter Benninger Realty of Kitchener.

BizPal: A Double Winner at the 2006 Canadian Information Productivity Awards

OTTAWA - The Honourable Maxime Bernier, Minister of Industry, on November 2, congratulated BizPaL for being recognized at the 2006 Canadian Information Productivity Awards (C.I.P.A.). BizPaL won the prestigious Diamond Award of Excellence, Best of Show, as well as the Gold Best of Category Award, Customer Care, Not for Profit category.

"On behalf of Canada's New Government, I'd like to congratulate BizPaL for its impressive work to date," said Minister Bernier. "BizPaL is an excellent example of how different levels of government are working together to improve service delivery to Canadian businesses."

BizPaL is an innovative service designed to help Canadian businesses save time when accessing licensing and permit information from multiple levels of government. This unique partnership between federal, provincial, territorial, regional and municipal governments provides entrepreneurs and business people with simplified access to the information they need to launch or grow their businesses.

The BizPaL service was developed with Industry Canada support, in collaboration with various provincial, territorial, municipal and regional governments. To date, BizPaL has been launched with the following partners: British Columbia and the City of Kamloops; Ontario and the City of Ottawa, and the Regional Municipality of Halton with the City of Burlington and the towns of Halton Hills and Milton; Saskatchewan and the City of Saskatoon; and Yukon with the municipalities of Carmacks, Dawson City, Faro, Haines Junction, Mayo, Teslin, Watson Lake and Whitehorse.

The C.I.P.A. Awards were celebrated on November 1 in Toronto. These annual awards recognize excellence in information technology and innovation implementation by all types of organizations across the country.

In addition to the C.I.P.A. Awards, BizPaL also recently received a silver medal for a GTEC 2006 Distinction Award (category: Cross-jurisdictional Partnerships) and was named winner of the Government of Canada's Public Service Award of Excellence (category: Citizen-focused Service Delivery).

To help accelerate the program expansion, the federal government recently announced in Budget 2006 an additional $6 million over two years for BizPaL.

‘MANAGING TALENT: FROM BAR NAPKIN TO BIG TIME’

Wednesday, November 22, 2006
1:30 pm- 5:00 pm EST
Toronto and video conferenced into Vancouver, Calgary, Winnipeg, Ottawa, Montreal, Halifax and Fredericton

Effectively managing talent, from sourcing, developing, retaining and if necessary transitioning of management teams, is one of the most critical contributors to the success of organizations.

Our speakers will share their expertise and experiences "in the trenches" to provide practical tools to attain a proper balance of motivation and operational efficiency throughout the life cycle of a company from Bar Napkin to Big Time. Our speakers include:

Gordon Collins, The Coaching Network
Pat DiPietro, VenGrowth Private Equity Partners
Steve Panyko, Sciemetric Instruments Inc.
Dora Vell, Vell & Associates
Christian Zabbal, ghSMART & Company, Inc.

Join us for an afternoon of avid discussion, followed by a networking event. Please see agenda attached or visit <http://www.cvca.ca> www.cvca.ca for on-line registration for all locations.

Special Discount:

4th Person from the same company free!*

*Special Discount: In Toronto the 4th person from the same company is free: Video conference attendees may spread discount over other sites.

CVCA gratefully acknowledges the generous support of its PD 2006 Series Sponsors – PricewaterhouseCoopers, Gowling Lafleur Henderson LLP, Chubb Insurance and HKMB International Insurance Brokers.

Thank you and we hope to see you on November 22!

CVCA - Canada's Venture Capital & Private Equity

MaRS Centre

Heritage Building
101 College Street, Suite 120-J
Toronto, ONTARIO
Canada, M5G 1L7
Phone 416 487-0519
Fax 416 487-5899

New Start-up:Thought Turbine generates ideas.

Kitchener - Thought Turbine revs up its idea engine on November 15, 2006. Based in Kitchener, Ontario, Thought Turbine provides an economical idea generation service custom-tailored to each client's specific needs. Through an easy-to-use, customizable, online questionnaire, clients outline the parameters of their idea request. Though Turbine then converts those parameters into an Idea Journal viewable by the client on a unique, dedicated webpage. Once the idea is completely realized, it belongs wholly to the client - Thought Turbine retains no rights - allowing free and unfettered use and came be found at: http://www.thought-turbine.com
89 NOMINATIONS FOR THIS YEAR’S WATERLOO REGION BUSINESS ACHIEVEMENT AWARDS

Junior Achievement of the Waterloo Region will be hosting the twenty-second annual Waterloo Region Business Achievement Awards in The Ballroom at Bingemans in Kitchener on Thursday, November 2, 2006. Special Keynote Speaker for the event is Frank McKenna, Deputy-Chair, T/D Bank Financial Group, and former Canadian Ambassador to the United States.

The Waterloo Region Business Achievement Awards honour local businesses which have excelled or made an outstanding community contribution. Eighty-nine companies have been nominated in six categories:

The Gowlings New Business Award
The KPMG Excellence in Technology Award
The Record Small Business Award
The Royal Bank Financial Group Retailer of the Year Award
The Union Gas Corporate Citizenship Award
The CIBC Business of the Year Award

A listing of this year’s nominees is below.

3-D Prototype Design Inc.
A Perfect Fit Personal Training Centre
Angel Associates Inc.
Arise Technology Corporation
B&R Custom Machining Ltd.
Babcock & Wilcox Canada
Beingessener Home Exteriors
Benny's Family Restaurant
Best Western St. Jacobs Country Inn
Cambridge Memorial Hospital
CTV Southwestern Ontario
Coldwell Banker Peter Benninger Realty
Collaborative Structures Limited
COM DEV
Conestoga Rovers & Associates
Conestogo Mechanical
Credimax Associates Inc.
Dana Shortt Gourmet
Data Perceptions Inc.
Desire-2-Learn
Drayton Entertainment
Dumfries Mutual Insurance Company
Economical Insurance
EL Peto Products Inc.
Enervac Corporation
Engineered Electric Controls Ltd.
Erb & Good Family Funeral Home
Eyeview Optical
Frames Plus & Colours
Frontline Corporate Communications
Gallant Custom Laboratories Inc.
Galt Glass Limited
Gemini Models
Goody 2 Chews Foods Inc.
Gore Mutual Insurance Co.
Gosen Electric Ltd.
Grand River Credit Union
Grand River Foods
Grand Valley Golf & Country Club
Great Canadian Holidays & Coaches
Greentec International
GSP Group
Heisler Group
Intellitactics Inc.
Jugo Juice
Kinetex Innovative Assessment & Rehab Centre Inc.
Les Diplomates Bed & Breakfast
Lewis Media
M&M Meat Shops
Manulife Financial
Minuteman Press
MTE Consultants Inc.
Muskoka Soap Company
Navtech Inc.
Naylor Engineering Associates Ltd.
New Dundee Emporium
Nothing But Nature
NutraBlend Foods Inc.
Out of the Box I.T. Inc.
Petals 'n Pots
Photowatt Technologies
Popeye's Gym & Fitness
Punch Integrated Communications
Quaint Essentials
Quarry Communications
QuickContractors.com
RapidMind Inc.
Rising Dough Bakery & Coffee Shop
Sandvine Inc.
Simcan Enterprises Inc.
Stantec Consulting Inc.
Stemmler Meats & Cheese Inc.
Straight Street Event Services
Strite Industries
Suds/Jiffy Lube (QLO Management)
Sugarlips Candy Company
The Pinnacle Group
The Plant Lady
The Retirement Education Centre Inc.
The Store Fixture Group Inc.
Total World Travel
Trusted Testimonials Inc.
Vincenzo's
Virteck Vision
Virtual Causeway
Voisin Developments
Waterloo Honda

Quebec Companies Charged with Bid-Rigging Following Competition Bureau Investigation

OTTAWA - Two of Quebec's main suppliers of light-emitting diode (LED) traffic lights and two of their directors have been charged with bid-rigging following an investigation by the Competition Bureau.

Electromega Limited, of Candiac, and its President, Alain Lamoureux, and Tassimco Technologies Canada Inc., of Terrebonne, and its Vice-President, Conrad DiPietro, have been charged with bid-rigging under section 47 of the Competition Act following a call for tenders by Quebec City for the supply of traffic signals.

The Bureau alleges that the parties entered into an illegal agreement to share the Quebec City contract. The City call for tenders was issued under an energy efficiency plan implemented by Hydro-Quebec. The program was intended to replace incandescent traffic lights on public streets with LED signals.

Under the Competition Act, penalties for bid-rigging include a fine a the discretion of the court, imprisonment up to five years, or both.

The Competition Bureau is an independent law enforcement agency that promotes and maintains fair competition so that all Canadians can benefit from competitive prices, product choice and quality service. It oversees the application of the Competition Act, the Consumer Packaging and Labelling Act, the Textile Labelling Act and the Precious Metals Marking Act.

Lifestyle Entrepreneur Offers Tips for Women Who Want to Be Their
Own Boss


Learn to Succeed as a Woman-Owned Business

San Diego - More than 125,000 women start up some form of work at home business each month in the United States each month in the United States in order to create a lifestyle - and income- that works for them. But according to a lifestyle entrepreneur expert, many women do not have prior business development experience making the process of building a home business challenging at best - and financially disastrous at worst.

"Most small businesses close within three years - and that's often due to a lack of knowledge," says Heather Moore, owner of www.women-in-biz.com, a web portal that helps women build a successful business, "And the result means they're sinking into debt, not seeing their families, and not enjoying life."

"Successfully starting a home business requires two things: leap of faith and reasoned analysis. You must have the guts to launch a new business, but you must know what you are getting into," Moore says. She offers the following tips to help women who want to start a business to succeed:

1. Know everything about the business you want to do before you take the leap. "It's easy to fall for a scam that promises it will be easy," advises Moore. "Read up on everything before you decide the business is right for you."

2. Get comfortable with numbers. Moore says every business owner needs to know the concepts of budgets, accounting and profit margins. "You need to know the flow of money in your business, ways to improve your bottom line, tips to lessen your taxes, and stretch out your resources during a dry spell," she says. "You also need to have a good idea of how much money you actually need before you start looking for money."

3. Know your legal responsibilities. "When you are starting a business, your first stop should be the business information center of your city or county," she explains. "A first-stop office can provide you with information packages about licensing, permits, zoning requirements, your particular business type and running a business in your state in general."

4. Know some marketing techniques. "You need to ensure that money continues to flow in your business by getting a steady stream of customers," says Moore. "Make sure you understand who your typical customers are, and how best to reach them."

Heather Moore is a lifestyle entrepreneur who teaches other women to have success in their businesses on their own terms. She worked in the cubicle world of corporate America for more than 10 years.
New Study Indicates that Only 21 Percent of Vancouver Entrepreneurs are Having Fun in 2006

Over 100 entrepreneurs speak out on the impact of Vancouver's robust economy

VANCOUVER - Vancouver entrepreneurs face considerable challenges despite operating in a robust economy according to a survey conducted by Coach Kevin, a Vancouver-based business coach and the Canada Export Centre, a full-service export marketing and exhibition facility. The survey indicates nearly two thirds of entrepreneurs are on a quest for greater revenue with almost half stating they are challenged to achieve revenue goals; over one third of respondents stated that finding top talent is a challenge; and, only 21 percent of entrepreneurs stated their businesses are successful and they are having fun in 2006.

"When only 21 percent of entrepreneurs are having fun in what everyone considers a hot economy, there is something tremendously wrong," according to Kevin Lawrence (Coach Kevin). "One of the perceived benefits of being an entrepreneur is the ability to have more ownership over your professional and personal life, not less. Our findings clearly indicate that the majority of entrepreneurs are consumed - and overwhelmed - in 2006."

"Thriving in a Hot Economy: Entrepreneurs speak out on the impact of Vancouver's robust economy in 2006 is the inaugural report on the professional and personal impact of Vancouver's business climate on entrepreneurs and business leaders. More than 100 entrepreneurs and business leaders were surveyed to better understand their top priorities, top challenges, the resources they find most effective in overcoming challenges, and the impact the current business climate is having on their lifestyle.

Highlights include:

- Increasing revenue, improving profitability and attracting more customers are top goals in 2006.

- The top three challenges cited are increasing revenue, hiring top talent and attracting new customers.

- Managing people, the administration of day-to-day activities and information management (email and phone calls) top the list of things that consume the majority of entrepreneurs' energy.

- Over three quarters of respondents consider personal experiences to be one of the most valuable resources in helping them overcome challenges, while 57 percent indicated advisors and mentors are essential.

- Setting and communicating a strong vision of success, working with top talent, advisors and suppliers and regularly setting goals are paramount in helping entrepreneurs deal with challenges.

- One half of respondents stated exercising is an important part of their ability to run a successful business.

The survey also details the impact of work on entrepreneurs' personal time. Most notably, an overwhelming 94 percent of respondents stated they either always - or sometimes - work on weekends. Furthermore, only 13 percent of respondents indicated their vacation time is completely free from work with absolutely no blackberry usage, calls to the office or attendance at tradeshows.

Coach Kevin continues, "Essentially, if an entrepreneur wants to overcome challenges and prosper, regardless of the strength of economy, they need to look at other entrepreneurs and business leaders that are thriving. And, in most cases they will find that entrepreneurs that do well in business are simply doing things that we all know are broadly accepted as good habits and smart business strategies. Our experience confirms that entrepreneurs who thrive share a common set of traits, management styles and guiding principles, giving them a strong sense of entrepreneurial stewardship over the businesses they operate."

Thriving entrepreneurs tend to structure their business environment in a way that helps them focus on what they enjoy, employ the best talent possible and use smart retention strategies to keep talent, and use feedback mechanisms, such as surveys to continuously improve the way they do business. In addition, they have a firm understanding of key performance indicators in relation to revenue growth and the bottom line. Thriving entrepreneurs also take work-free vacations, exercise and find time to have fun.


KMH Founders recognised as Ontario's Entrepreneurs of the Year for Health Sciences

MISSISSAUGA, ON - Neena and Vijay Kanwar were named as Ontario's Entrepreneurs of the Year in the Health Sciences Category at the 2006 Ernst & Young Entrepreneur of the Year Awards Gala on October 19.

"Neena and I had the honour of accepting the Entrepreneur of the Year
award on behalf of all of the staff at KMH who continue to make the company an incredible success," said Vijay Kanwar, President and CFO of KMH. "The Award is a testament to the hard work, dedication and inherent entrepreneurial
spirit of the management and staff at KMH."

"The commitment to our work continues to benefit those in need, while our
research has grown to impact a global network of health and science
professionals," said Vijay Kanwar on accepting the award at the Awards Gala.

The Ernst & Young Entrepreneur of the Year awards were created to
recognize and raise awareness of the benefits of entrepreneurship to
organizations. The Entrepreneur of the Year Award is the premiere recognition
of innovative business leaders in Canada.

Neena and Vijay Kanwar were announced as Ontario finalists on July 6,
2006. In considering the awards, Ernst & Young looked at four key indicators
including how a spirit of entrepreneurship guided decision-making at KMH, the
performance and future prospects for the company, a profile of the management team and the people-friendly philosophy at KMH. The company's commitment to innovation and the highest-possible standards was obvious across each of the categories.

"The success of KMH is a constant focus on innovation and commitment to
providing our patients with the highest-quality service," said Neena Kanwar,
President and CEO of KMH. "I am proud that we have taken KMH from a
one-employee operation to a dynamic and service-oriented company today."

Founded in 1988, KMH Cardiology and Diagnostic Centres has established
itself as a benchmark of consistent, high-quality service and has grown to
include eight locations across Southern Ontario, performing over 75,000
diagnostic tests annually. KMH is North America's largest provider of nuclear
cardiology services.

Board Games 2006: The Good, The Bad, and the Ugly

Globe and Mail Report Examines Corporate & Income Trust Governance

TORONTO - In the fifth year of its annual Board Games ranking, The Globe and Mail examines how far board governance has come and where issues still exist. The special report runs in the newspaper today and tomorrow, and detailed, interactive content - including a roundtable discussion with leading governance experts - can be found at www.globeandmail.com.

Led by Globe reporters Elizabeth Church and Janet McFarland, Board Games
examines hot topics around board management including: compensation disclosure and the implications for Canada of recent changes in the U.S.; the impact of mandatory director share ownership; and the merits and risks of majority voting.

This year, Manulife Financial Corp. leads the rankings with a score of 96 out of 100. And Reitman's Canada Ltd. is at the bottom with a score of 33. For the first time, this year Board Games also examines governance standards at the country's trusts, and finds them inconsistent and often weak. "While Canada's corporate boards have pulled up their socks on governance practices in recent years, many trust practices are in need of substantial improvement," comments Janet McFarland. "This has huge significance for investors and the industry as a whole."

Board Games includes rankings of corporate boards and income trusts on
best practices. A fully interactive chart of the rankings and methodology can
be found on the web site.

Canada's top women entrepreneurs: 8th annual profit W100 ranking unveiled

Canada's top women entrepreneurs have a message for small-business owners: You can, and should, grow a bigger company

TORONTO - "Grow or stagnate." This is the advice from Rebecca MacDonald, this year's top ranked female entrepreneur in the 8th annual W100 ranking of Canada's Top Women Entrepreneurs for the fourth year in a row. Few women know the upsides of growing a business better than MacDonald. The executive chair of Energy Savings Income Fund, a provider of electricity and natural gas, has grown her Toronto-based company from $2 million in revenue in 1998 to $1.2 billion in fiscal 2006, and is now reaping the rewards: great personal wealth, a strong and stable company and the incredible satisfaction and pride that comes from creating something so successful from scratch.

But as PROFIT reports, "Rebecca MacDonalds are rare in Canadian entrepreneurship. Though women are starting companies at a fantastic rate, their firms tend to be small." Just 4.3% of female-owned companies enjoy revenue of $1 million or more while 10.7% of male-owned companies can say the same, according to a 2004 CIBC World Markets report.

"I can't understand anyone not wanting to grow their business," says MacDonald. When asked by PROFIT why women tend to run smaller businesses, the top answer from the women entrepreneurs polled revealed an unwillingness to "take the risks that come with growing a bigger business." MacDonald's response? "You simply have to roll the dice at some point. I'm a good example."

<< This year's top 5 winners, ranked by revenue:



-------------------------------------------------------------------------

Company, Type of Rank Name, title City, Website business Revenue ($)

-------------------------------------------------------------------------

1. Rebecca Energy Savings Fixed- 1,212,314,000
MacDonald Income Fund price gas (Executive (Toronto) and Chair) www.esif.ca electricity supply contracts

-------------------------------------------------------------------------

2. Madeleine Logistec Corp. Cargo 188,964,000
Paquin (Montreal) handling
(President www.logistec.com services and
and CEO) marine transportation

-------------------------------------------------------------------------

3. Teresa Cascioli Lakeport Brewing Beer and 133,008,000
(Chair and CEO) Income Fund beverage
(Hamilton) producer
www.lakeportbrewing.ca

-------------------------------------------------------------------------

4. Janis Grantham Eagle Professional Provides 87,765,099
(President and Recources Inc. temporary IT
COO) (Ottawa) staffing
www.eagleonline.com

-------------------------------------------------------------------------

5. Marilyn Sheftel Silverhill Acura Sells and 59,817,293
(Dealer (Calgary) services new
Principal) www.silverhillacura.com and used cars
-------------------------------------------------------------------------

>>

To see the complete list of winners, visit PROFITguide.com/W100 or find a copy at newsstands across the country.
"The PROFIT W100 are role models for entrepreneurs who lead companies of any size in any sector," says Ian Portsmouth, editor of PROFIT. "Through effective management, they've built profitable, sustainable businesses."

How we ranked them:

The W100 are ranked by their firms' gross revenue for their most recent complete fiscal year. Revenue figures were confirmed through financial statements.

Ontario Power Generation is one of the Greater Toronto Area's best employers

TORONTO - On Saturday October 14th, Toronto publisher Mediacorp announced Ontario Power Generation (OPG) was selected as one of Greater Toronto's Top 50 employers.

"Selection as one of the 50 leading employers in the GTA is welcome recognition of the hard work and dedication of our 11,000 employees at OPG," said Jim Hankinson, President and CEO. "We're proud of our role in helping meet the electricity needs of Ontario, we're pleased to be acknowledged as a leading employer, and we are committed to becoming even better."

"To job seekers, this selection demonstrates how OPG works at attracting and retaining quality employees. We do this through embracing best practices in our employee programs including, safety, wellness, compensation and benefit programs and many more," says Janice Dunlop, Senior Vice President HR and Chief Ethics Officer.

CITY AND REGION OFFICIALS HELP TO CELEBRATE JUNIOR ACHIEVEMENT’S SUCCESS

KITCHENER - Junior Achievement of the Waterloo Region will celebrate a tremendously successful year and kick-off a new year of business education and stay in school programs for the youth of our Region, at their Annual General Meeting on Wednesday, October 18th at the City of Kitchener, Council Chambers. All are invited to join Kitchener Mayor Carl Zehr, Cambridge Mayor Doug Craig, Waterloo Mayor Herb Epp, Region of Waterloo Chair Ken Seiling and a number of senior business people from the Region.

Board of Governors members John Pollock, Electrohome, Chuck Greb, Grebco Holdings, Lawrence Bingeman, Bingemans, Keith Ainsworth, COM DEV, and
Dennis Grimm, PricewaterhouseCoopers are expected to attend.

Mark Tonin, teacher and Business Head at Forest Heights Collegiate will share his experience, from a teacher’s perspective with the new JA Titan Program, piloted in the region this year. Margo Jones, Program and Grants Manager with the Waterloo Catholic District School Board and a volunteer Board Member with Junior Achievement, will share her experiences in teaching the Grade 3 program, Our Community. The meeting will highlight the importance of investing in the future of our youth.

Date: October 18, 2006
Time: 4 p.m.
Place: City of Kitchener
Council Chambers
200 King St. W., 2nd floor
Kitchener, Ontario

BDC presents the 2006 Young Entrepreneur Awards

MONCTON, QC - BDC will honour top young business people from across Canada at the Young Entrepreneur Awards (YEA) ceremony to be held this evening in Moncton. The event is a major feature of Small Business Week, which runs from October 15 to 21 under the theme: "A world without boundaries, open to new markets".

"These entrepreneurs represent the best of the next generation of Canadian innovation," said BDC President and CEO Jean-René Halde. "They've tapped into fresh ideas to meet emerging needs, opened up new market opportunities and are making a significant mark in their communities."

"Canadian entrepreneurs are the very heart of Canada's national economy and young entrepreneurs are our future. They play a vital role in helping us achieve a more prosperous society," said the Honourable Maxime Bernier, Minister of Industry and Minister responsible for BDC. "I am committed to helping entrepreneurs continue to grow successful Canadian firms that become increasingly competitive in the global marketplace."

BDC's Young Entrepreneur Awards, an annual event in its 19th year, celebrate the entrepreneurial spirit and business success of Canadian entrepreneurs between the ages of 19 and 35. The winners - one from each province and territory - are selected by a committee, based on criteria including success, growth potential, innovation and participation in new economy activities and community involvement. The committee also considers export performance, the entrepreneur's age when the business was started and any special challenges overcome.

Special awards

YEA winners were also eligible for two additional awards. Martin Lamontagne from Quebec has won the Export Development Canada Export Excellence Award. Shane Patelakis of Prince Edward Island has received the WestJet Creative Mind Award for daring and originality in the creation, marketing and promotion of a product. The recipients will each take home a $15,000 grant to be invested in their business.

The company W.P. Griffin Inc. and its current President John Griffin were recognized with an award introduced for the first time this year - the CFIB Business Ownership Transition Award - which recognizes the seller and buyer of a business that has successfully changed hands from one generation to the next. It comes with a $20,000 grant to help the company meet its growth objectives.

On Monday, YEA recipients were gathered with business leaders and academics at the BDC Forum, an event in which participants have the opportunity to share knowledge and experience on issues facing Canadian entrepreneurs.

The 2006 Young Entrepreneurs, listed by province and territory, are as follows.

Newfoundland and Labrador - Danny Tuff, 31, Blue Line Innovations Inc., St. John's.
The brainchild of Danny and his brother, Maurice, Blue Line's Powercost Monitor(TM) is a table-top unit that works like a "speedometer for energy consumption", displaying in real-time and dollars and cents how much electricity the consumer is using. The device has caught the attention of a number of power companies and is currently being deployed by Ontario's Hydro One to 30,000 customers. "Our technologies help people make better use of electricity, water and gas, on a global basis," says Danny.

Nova Scotia - Ron Lovett, 27, RFL Group of Companies, Halifax.
Developing new concepts and creating new markets is what drives Ron Lovett, an entrepreneur whose businesses include security services, a bring-your-own-wine restaurant, event marketing, general contracting services and a soon-to-be opened late night noodle restaurant. "It's about being innovative all the time, not giving up and working really hard," says Ron of his constantly-expanding business ventures. His flagship company, Source Security, employs some 250 part-timers who provide security services for a wide variety of events throughout Atlantic Canada on a regular basis.

New Brunswick - Jenny Scott, 27, Ambiance Day Spa, Saint John.
Owner of the city's largest spa, Jenny has built a business that in three years has grown from a staff of eight to 27 and is consistently booked solid. Jenny, who started the spa when she was just out of school, has seen business results double in the first and second years of operation and continue to grow at a steady pace. "Our philosophy is to make sure the entire spa experience relaxes and re-invigorates each and every client," says Jenny.

Prince Edward Island - Shane Patelakis, 32, Progressive BioActives Inc. (PBI), Charlottetown.
Developing a new application for extracting natural extracts to be used as bioactive animal feed, Shane has built a business that is emblematic of PEI's new generation economy. PBI's ProVale(TM) agent, which stimulates the immune system of certain animal and aquatic species, works as both a disease management tool and an alternative to growth-promoting antibiotics. PBI produces and sells its product to the swine, poultry and farmed fish markets in Canada, has licensed its technology to a U.S. company and is negotiating a similar agreement with a group of investors in Thailand.

Québec - Martin Lamontagne, 33, Creaform, Québec City.
Martin founded Creaform four years ago as a distributor of reverse engineering products. The company soon gained a foothold in Europe and opened a subsidiary - Euroform - in Paris. In 2005, Creaform launched its own product
- the Handyscan 3D(TM), an easy-to-use, hand-held 3D laser scan camera. That same year, Creaform doubled in size and saw its export volumes go from 9% to an astounding 51% of sales. With a one-of-a-kind product, superior customer service and a growing international reputation, "the future looks very bright," says Martin.

Ontario - Bob Hoang, 35, Vy Hoang, 33, Grace Baba, 31, i(3)DVR International, Toronto.
This entrepreneurial trio has built a leading-edge surveillance equipment business that numbers 135 employees, the majority of whom are new Canadians. Boasting the largest research group in its industry, their business has a worldwide distribution network and realized $20 million in sales in 2005. With clients as varied as casinos, military bases and the U.S. Federal Reserve, i (3)DVR provides state-of-the-art equipment with video analytic software that adds value to captured video data. "Our customers love the integration and innovation of our products and the flexibility of our staff," says Bob.

Manitoba -Jeff Ganczar, 31, Capitol Welding Ltd., Winnipeg.
Jeff has come a long way since leaving a salaried position to strike out on his own with one welding machine and a truck in 1998. Today Capitol Welding is a multifaceted structural steel business that employs 60 people, occupies a 35,000 square-foot facility and regularly takes on multi-million-dollar industrial and commercial construction projects for clients in Western Canada, Ontario and into the U.S. "I intend to continue to expand as aggressively as I can," says Jeff.

Saskatchewan - Marc Paquette, 34, DyMark Industries Inc., Saskatoon.
Founded by Marc in 2003, Dymark has rapidly gained a reputation with commercial contractors as a top-notch steel supply and installation business. An unwavering commitment to keeping to schedule has become DyMark's trademark and attracted contractors in Saskatchewan, Winnipeg and as far as Mexico. With a young staff of 20 employees all under the age of 35, DyMark sales have tripled since its first year in business. "I am living my dream," says Marc of his business success.

Alberta - Arnon Levy, 35, Guest-Tek Interactive Entertainment Ltd., Calgary.
Providing high-speed internet access to 530,000 hotel rooms around the globe, Guest-Tek is a dominant player in its field. A public company listed on the Toronto Stock Exchange, Guest-Tek doubled its previous year's revenues to $44 million in 2005 and has expanded services to offer an integrated suite of products: internet access, video and voice systems. "This business has become a significant part of my life," says Arnon, of the company he founded 10 years ago in his Calgary basement and which today numbers 300.

British Columbia - Todd Dunlop, 27, Dave Arnsdorf, 29, Jordan Visco, 26 and Greg Bate, 26, Neverblue Media Inc., Victoria.
Taking the online advertising world by storm, these four young entrepreneurs have realized 10,000% growth for Neverblue Media in just two and half years. Starting with web-based search marketing, they've expanded their offering to include co-registration campaigns, affiliate marketing and specialized, lead generation campaigns. In December 2005, they spun off a direct contact company. "We were all hoping to be successful, but if you'd asked us two and half years ago where we'd be today, I don't think we would have projected this far out," says Jordan.

Nunavut - Tara Tootoo Fotheringham, 31, Sugar Rush Café, Rankin Inlet.
Tara has converted an existing business that she purchased just one year ago into a local hot spot. Sugar Rush, her 1950's-style café, caters to the local population with extended hours, a menu that offers exotic choices such as arctic char sushi and caribou chili, a gift store and a wedding supply business. Tara also owns and operates a Bed and Breakfast, was instrumental in opening a local daycare centre, has acted as a hamlet councilor and works for the local government as a custom adoption commissioner.

Northwest Territories - Holly Norris, 26, Delta Sun Services, Inuvik.
Holly started a catering business in 2003 and soon saw demand for her services boom. Building on that success, the company took over the concession service at the local arena and purchased a restaurant in 2005. Delta Sun Services, 100-percent Aboriginal-owned, provides opportunities for young people to gain work experience and pursue careers in the cooking trade. Holly says she hopes her own success shows aspiring young entrepreneurs, "you can do something like this if you really want to."

Yukon - Katrina Russell, 33, Mail Boxes Etc., Whitehorse.
Katrina saw a need and quickly moved to fill it when a mailbox location in Whitehorse shut down in 2002. She stepped in by opening a Mail Boxes Etc. store that provides clients with an alternative mailbox solution as well as a full range of business management services from printing and photocopying to packaging and desktop publishing. Working hard to promote the store's services, Katrina has turned her business into a flourishing, one-stop business service centre that is an integral part of the downtown business community.