1967
General information
Having lost their primary West German manufacturing plant in the wake of the Atlantic Acceptance collapse, Commodore negotiated a new manufacturing arrangement with a Japanese company in 1967 such that they could resume the sale of adding machines. To double down on their re-entry into the adding machine market, Commodore purchased the rights, designs and tooling for Barrett adding machines which had already been out of production for several years. Commodore intended to use the Barrett designs as a basis of their own designs for new adding machine models.
It was also in this year that Commodore made plans to enter the electronic calculator market but it would not be until 1968 that Commodore was able to put a product to market.
To free up additional capital, Commodore terminated its lease agreements with Macy's and Bamberger's, which brought to an end Commodore's practice of operating retail office machine sales departments in those stores.
Notable company events
- Commodore International, Ltd (Nassau, Bahamas) and Commodore S.A (Geneva Switzerland) were formed to begin strengthening Commodore's export market.
- Commodore Drycopy, Inc of New York was merged into Commodore Business Machines, Inc of New York on June 27, 1967.
Products
Despite the turmoil of the past two years, Commodore's office furniture manufacturing plant continued unabated. Commodore was also still actively selling typewriters. The Commodore model 201 and 202 adding machines from the new Japanese manufacturer were introduced in 1967.
Sales breakdown by product category in 1967 was 68% figuring machines, 19% typewriters and 13% office furniture.
Revenue and profit
| Revenue | $4,029,172* |
| Net profit (loss) | ($224,306) |
- Net revenue was later restated as $3,334,787 as a result of changing the company's auditor from Rose & Harrison to Arthur Andersen & Co.
Directors
| Irving Gould - Toronto |
| Jack Tramiel - Toronto |
| Manfred Kapp - Toronto |
| Thomas McGourty - Norfolk, Conn. |
| David Perlmutter, C.A. - Toronto |
Officers
| Irving Gould | Chairman of the Board |
| Jack Tramiel | President |
| Manfred Kapp | Vice-President and Secretary-Treasurer |
| Thomas McGourty | Vice-President, Manufacturing |
Corporate entities and subsidiaries
| Location | Corporate Entity |
|---|---|
| Canada | Commodore Business Machines (Canada) Ltd. |
| Belpree Co., Limited | |
| Humber Typewriters and Business Equipment Ltd. | |
| Associated Tool & Manufacturing Ltd. | |
| Pearlsound Distributors Limited | |
| New York | Commodore Business Machines, Inc. |
| Nassau, Bahamas | Commodore International Limited |
| Geneva, Switzerland | Commodore S.A. |
June 30, 1967: Commodore Business Machines (Canada), Ltd. Annual report to shareholders