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GreenBank's Affiliate Ubique Minerals Commences Drilling Program

Toronto, Ontario, August 21, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that, following the receipt of all permits, its 28% owned affiliate Ubique Minerals Limited (“Ubique”) has commenced a drilling program on its Daniel’s Harbour zinc property in Newfoundland. A minimum of 6 holes have been scheduled to be drilled, with the possibility of expansion of the program to include additional holes. The primary objectives of the drilling ...

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GreenBank to Acquire 15% of Veterans Financial Group

Toronto, Ontario, August 14, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that GreenBank has agreed to acquire 15% of Veterans Financial Group LLC (“Veterans”), a Portsmouth, Ohio, USA based insurance agency providing insurance services to veterans, families and businesses. GreenBank will pay $57,000 for a 15% interest in Veterans, payable $25,000 in cash and $32,000 by the issuance of 32,000 $1 Non-Voting 5% Preference Shares Series C. ...

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GreenBank Updates Its Merchant Banking Focus and Seeks To Make Further Small-Cap Investments

Toronto, Ontario, August 1, 2017 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF ("GreenBank or the Company") announces that it has completed an internal review of its merchant banking activities and reaffirms that its continuing focus will be the further development of its investment portfolio and its merchant banking business. GreenBank is seeking other small-cap investment opportunities, and welcomes approaches from aspiring private companies. During the last six months, and upon the completion of the proposed distribution ...

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GreenBank Signs Letter of Intent to Acquire 14% of Slabdeck

Toronto, Ontario, July 27, 2017 – GreenBank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) ("GreenBank or the Company") announces that it has signed a Letter of Intent (“LOI”) to acquire 14% of Slabdeck Technology Inc (“Slabdeck”), a Canadian company that owns 100% of Slabdeck, a unique comprehensive all-in-one search mobile application that integrates social search, discovery and communication. Slabdeck resolves the challenge of having to use numerous apps to find items of interest. The Slabdeck mobile application is ...

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GreenBank Distribution Adjustment

Toronto, Ontario, July 14, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces an adjustment to the ratio of shares comprising the distribution previously announced on July 5, 2017. As a result of the exercise of incentive stock options by directors previously announced on July 7, 2017, the number of issued and outstanding shares of the Company have increased. Accordingly, for every one GreenBank common share on the Record Date ...

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Dec
01

A Brand New Look For S.Biener Ltd.

1977  Author:   

The first business acquired by Danny Wettreich when he was in his early 20’s was in London, England. It was a distributor of motorcycle components, and the U.K. monthly trade magazine Two Wheeler Dealer published an article in January 1977 from which this is an excerpt.

The distribution industry- for that’s what it is, an industry within an industry- is possibly the fastest- growing feature of the two-wheeled trade, itself expanding faster than any other business in the country. It sells on service, and success in distribution is based on the ability to provide customers with the right goods in the shortest possible time. With the enormous increase in two-wheeled sales during the past few years, the pressure upon the distribution networks have increased out of proportion.

One such company, S. Biener Ltd., is poised to make a substantial impact on the established markets. An old-established firm, it was founded by Mr. Biener back in 1948. As his retirement approached, Mr. Biener’s thoughts turned to the selection of the man to replace him; naturally, he wanted someone suitable, who could run the business in a proper manner, and with a continuity of trading in the inevitably difficult interim period. He played it low key, keeping his plans to himself but putting out feelers among his contacts.

Danny Wettreich The Venture CapitalistAlong the grapevine, Daniel Wettreich heard of the Biener Company and its intentions. By coincidence, he was looking for a company specializing in the two-wheeled industry. The two parties got together: Mr. Biener sold out to Mr. Wettreich, with negotiations being completed in mid-1975.

It was, as Mr. Wettreich was to discover, a sound company with many loyal customers who valued the service they had always received. It was a good base from which to expand and modernize, for there was no denying that the Biener company was run on old-established and traditional lines. The building in which it was housed at Barnet in Hertfordshire had been occupied since the early 1950’s and comprised a rather crowded 3000 square feet.

In keeping with those traditions, Mr. Biener had tended to specialize in providing a service almost exclusively for British-made motorcycles, to the exclusion of the mammoth Japanese market. The demand for British spares was obviously declining rapidly, and Mr. Wettreich’s immediate plans were to change, and change fast. Although Biener’s will continue to operate their service for British parts, they have shifted the emphasis to Japanese components and accessories.

Daniel Wettreich has caused many an eyebrow to be raised since he entered the distribution arena. Not because of any dramatic changes he might have made to the industry, but simply because of his youthfulness. It comes as a surprise to meet a man, half the age of most of his competitors, at the head of such a substantial and expanding company.

His background is merchant banking and thus he saw the British motorcycle trade industry, at least at first, from a different viewpoint. How, we asked, did it strike him? ‘Old-fashioned and historically angled to meeting the needs of enthusiasts, and not recognizing that motorcycling had changed from predominantly a weekend occupation to a commuting market. The bikes are sophisticated, and the new breed of motorcyclist wanted accessories and comforts, which the old breed did not. It is our task to adapt to those new needs, and those who adapt quickest will benefit the most. The industry needs to grow in sophistication and management; it can’t ‘make do’, and has to grow up.’

Those views may well raise another few eyebrows- but it’s always interesting to see how others see the industry. To back up his opinions, he has expanded his product range where the demand is, and this is only one of many changes the company has undergone in the recent months of its reorganization, expansion and facelift.

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