Global print capability formed by Norgraphics

Norgraphics (Canada), a subsidiary of Northern Miner Press Limited, has become the only Canadian financial printer able to offer an extensive international data transmission capability.

That capability will make it possible for corporations (including of course mining companies), investment bankers, underwriters and law firms, to transmit time-sensitive documents such as public offerings, merger, acquisition and refinancing documents around the globe for printing and distribution in selected financial capitals.

To achieve this, Norgraphics has teamed up with Pandick, Inc., of New York, the world’s largest financial printer, to offer the new service, and in the process created a new division, Norgraphics/Pandick.

The move “is a landmark in the 71-year history of Northern Miner Press,” Frank G. Bowles, president and general manager, told a media conference.

The agreement with Pandick, he said, means Norgraphics “will be able to offer our clients direct, high- speed, printing access to the major financial capitals of the world.”

Mr Bowles noted that with Ontario’s proposed laws to allow greater participation by foreign securities dealers and Canadian corporations becoming more global in their operations, it was decided to develop a leadership position in international financial communications, to support those trends.

Norgraphics/Pandick will operate out of Norgraphic’s expanding facilities at 7 Labatt Ave., on the periphery of Toronto’s financial district.

An equipment and building development program costing $1.25 million is scheduled for completion by the first of next year.

Walter Mishko, vice-president, sales, and general manager, Norgraphics (Canada), said the new system, designed to ensure absolute confidentiality, speed and accuracy, will allow editing of financial documents in Canada and the U.S., prepared in incompatible word processors, to be quickly converted to mutually compatible formats.

As a result accurate “originals” can be produced simultaneously in two or more cities without further proofreading required, he said.

In addition to a full-service link through Toronto to other world centres, Norgraphics/Pandick will establish service facilities in Montreal and Calgary, with plans to include Vancouver.