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BIV EVENTS AND PROMOTIONS

15th anniversary of the Top 40 under 40 Awards reception

Our annual roundup of British Columbia’s top business talent under the age of 40. Read the stories behind the successes, and attend our Awards Reception Wednesday, February 22, 2006.

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Upcoming supplement and business luncheon

Watch for the Special Supplement highlighting the accomplishments of the 2006 finalists in the February 21, 2006 issue of Business in Vancouver.

Five winners will be announced at the Influential Women in Business Luncheon on Thursday, March 2, 2006

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Start getting exposure today

This is a great way to increase traffic to your website. Business Web Links are a cost-effective marketing investment.

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the COLOUR series

Now online. A series of four special 2005 publications that will focus on a primary aspect of business. These are identified by one of four "related" colours. The BLACK and GREEN editions are now available for download.

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CURRENT NEWS

Wednesday, February 15, 2006 7:35:58 AM

Quarterly revenue numbers dimmer for Vancouver lighting developer

Vancouver-based LED lighting developer TIR Systems Ltd. (TSX:TIR) was deeper in the red in the first quarter of its current fiscal year, reporting a net loss of $3.7 million compared with a $2.9 million net loss in the same quarter in 2005.

The company attributed the increase to lower gross profits and higher operating expenses. Revenue for the quarter was down 28.9 per cent, or $1.6 million, to $4 million compared with revenues of $5.6 million in 2005's first quarter.

TIR's shares have been trading between $1.60 and $2 for the past week, which is near the company's 52-week low of $0.92 but off a 52-week high of $3.35.

 

Interfor sells its B.C. heli-logging operations

International Forest Products Ltd. (TSX:IFP-SVA) has sold its wholly-owned heli-logging subsidiary, Helifor Industries Ltd., to a Canadian company associated with Aurora, Oregon-based Columbia Helicopters Inc.

The sale, which is worth roughly $4 million, is subject to transport ministry approval, is expected to close by the end of March.

Interfor is one of the Pacific Northwest's largest wood products producers. Its operations include four sawmills in coastal B.C., one in the province's Interior, one in Washington and two in Oregon.

Company shares during the past week have been trading between $6.80 and $7.05, above a 52-week low of $6.12, but below their 52-week high of $7.94.

 

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