1962

General information

Commodore was operating as a supplier of office machines for small and medium sized businesses. Commodore's main product lines in 1962 were portable typewriters and adding machines being sold in leased department store locations in Canada and the United States.

Commodore expanded into the field of copying machines by creating two new subsidiaries: Commodore Drycopy, Inc. (New York) and Commodore Drycopy, Ltd. (Toronto). Commodore studied the three major copying technologies of the day: diffusion transfer, electrostatic and thermographic, and decided to enter the thermographic market. There were already over 100 different manufacturers of diffusion transfer copying machines so competition would be harsh in that market and the electrostatic method was considered to be too expensive for the small to medium sized business customers. Further, the thermographic machines required special thermal-sensitive paper which Commodore saw as a recurring revenue source well beyond the initial sale of the copying machine.

Notable company events

Commodore Portable Typewriter Company, Ltd was renamed to Commodore Business Machines (Canada), Ltd and converted to a publicly traded company by Supplementary Letters Patent on February 7, 1962.

Revenue and profit

Revenue	$3,575,419.29
Net profit	$150,938.34

Officers and Directors

President	Jack Tramiel
Secretary-Treasurer	Manfred Kapp
Attorney	Benjamin Oremland
Certified Public Accountant	Harry Wagman
Investment Dealer	Carman George King
Solicitor	Carl Morton Solomon

Corporate entities and subsidiaries

June 30, 1962: Commodore Business Machines (Canada), Ltd. Annual report to shareholders