1966

General information

This was a year of financial reorganization and recovery for Commodore. They were forced to sell off assets just to survive after the Atlantic Acceptance collapse.

Notable company events

• Commodore's Irish subsidiary, Commodore Industries Limited ceased operations.

• On April 26, 1966, Commodore sold Willy Feiler Zahl-Und Rechenwerke GMBH, its West German manufacturing plant, for $2,858,000 to Litton Industries, Inc.

• Irving Gould became Chairman of the Board on October 28, 1966.

Products

Commodore continued to manufacture and market steel office equipment, typewriters, radio-stereo equipment and copy machines. With the sale of the Willy Feiler plant, Commodore was temporarily no longer dealing in adding machines but would be negotiating to have them manufactured under contract.

Revenue and profit

Revenue	$6,389,366
Net profit (loss)	$1,569,545

Directors

Irving Gould - Toronto	Chairman of the Board
Jack Tramiel - Toronto	President
Manfred Kapp - Toronto	Executive Vice-President
Thomas McGourty - Norfolk, Conn.	Vice-President
David Perlmutter CA - Toronto	Partner, Perlmutter, Orenstein, Giddens, Newman & Kofman, Chartered Accountants

Officers

Irving Gould	Chairman of the Board
Jack Tramiel	President
Manfred Kapp	Secretary-Treasurer
Thomas McGourty	Vice-President, Manufacturing
Robert P. Zupa	Vice-President, Planning and Development

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.
	Commodore Drycopy, Inc.

Annual report to shareholders

June 30, 1966: Commodore Business Machines (Canada), Ltd. Annual report to shareholders