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By DEREK COOMBER Special to the Beaver By its first offer of shares through brokers, 20/20 Group Financial Inc. plans to raise more than $23-million after expenses. The money'will be used to cover broker commissions, buy new ' computer systems and launch three new mutual xpansi‘on and more jobs at an Oakville investments firm‘were given a boost this week, after news leaked out that the mutual funds company plans to offer the public a 25 per cent share stake in its future. Local mutual fund in public offering “The future looks very promising and we are outward looking. I would say that as we go on there’s potential for future employment,” said Wood, who also lives in Oakville and is a director and CEO of 20/20 Group. The firm, which moved to a new suite of offices on Winston Park Drive (north of the QEW) in July 1991 from downtown Toronto, now employs 64 people at its Oakville o p e r a t i o n a l headquarters. However, if the finance and expansion plan goes Although the company operates offices in Vancouver and Montreal, they only have a few staff, with the bulk of sales co-ordination, marketing and administration work carried out at 2010 Winston Park Drive. It leases more than 15,000 sq. ft. in the contemporary glass- fmnted building. well, there should be more jobs down the road says 20/20 President John contemporary glassâ€" To find out if fronted building. you qualify for Last year 20/20 membership or for mutual fund_assets more information, shqt up by more than call 335-3300 ext. mwfimm‘sxmmiisssma "Opes for billion at Dec. 31st, more than triple the 1990 figure. Canada’s mutual fund industry is forecast to almost quadruple its growth in the next 10 or 12 I n d e p e n d e n t forecasters say funds under management will grow to more than 250 billion dollars from the current $71.7 billion (as at Feb. 28 according to IFIC) by 2006. Despite record $438 million of sales in 1992, 20/20 is.aiming to add another $370 million this year, to push assets to almost $1.6 billion. The share offering preliminary prospectus says that three new funds should bring in $235 million, even though not one of them has been launched yet and the RRSP season is Over. Eight existing funds should net another $135 million, according to Are you interested in exchanging good quality business leads? Are you in a position of influence in your place of business? Are you an active member of the Oakville If you answered yes to all of these questions, you may be interested in joining the C o m m e r c i a 1 E x e c u t i v e 8 Organization (CEO) of Oakville. CEO group for business community? organization of local business people who meet over breakfast every second Thursday morning from 8:00 a.m.-9:15 a.m. to exchange good quality business leads. The CEO AKVILLE BEAVER ‘ a the forecast. While the share offering is the first by 20/20, another big mutual fund company in Toronto sold off a chuck of its shares to the public last year very successfully. Trimark Financial Corp. floated 2.5- million shares at $12 to raise $30 million, after its mutual fund sales had jumped more than 2.4 times its 1991 total. Shares were recently trading at around $26. Trimark also said the money was to be used to pay brokers’ commissions and St. Paul's ............................................. _ .............. COMMUNITY NON-PROFIT BIg Brothers of Halton ................................... DIstress Line ............................................. H.E.L.P. - Home Emerg. Lifeline prog.. Humane SOCIety ..................................... Information Oakville“: ........... Masonlc Lodge OakVIIle ................. Oak. Chamber of Commerce.......... ...... Oakville KIwanis Meals On Wheels ...... Oakville Rotary Club Lobsterfest .................... 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However, with the 20/20 offering, one of its three owners will part company and be selling its stake. Trilon Financial Corp. of Toronto, one of the founding partners, will be relinquishing a 37.6 per cent holding. Its expected $10-million will likely by used to shore up some of the problem areas of its parent Edper group. Rumours were rife last year that 20/20 was up for sale because of the deer (See "Firm" page 23) ....................... 5397 5269 5357 5500 51 84 5329 5427 5349 5510 5334 5965 5250 5012 5081 5410 Ofiffiion Poll ........ JUST FOR LAUGHS kae Oflhg De] ............................................. S_u33jcstio_n §ox ................... Quote OfThe Day .......................................... Trivia Quiz ................. LIBRARIES glen AbpqyilLibrgy ........................ White Oaks Library ....... Woodside Branch Libr LOTTERIES 649...: ...................................... Louano .................................... OAKVILLE BEAVER INFOSOURCE 99w”; Rubi}; Libr’ary ................................... iiib'li’si'ii’n’ ’ Distributing ...................... Classifi Word Ads ........ Cifédlafbn Office Hours ................................ Home Delivery ................................................ Oakville Beaver Charity Golf Toumamentw POUCE ‘ . _ Communrtyfqlrcrng Hélfon Board of Education.“ Gladys Spears School .......... SENIORS Mirbr Soccer. Main Course ...................... SCHOOLS Infosoqrge I uiries.: .............. Adsemsmg In onmtnon.......... RECIPES H.E.L.P. Lifeline SERVICES SPORTS . . Dab/Predictions ............. pailyTryna......... 'ir'édfib'i's’kiagé Krea ................................... 5270 Jean Kennedy (right) found out that panning for pearls can pay off. In a recent 12th anniversary promotion for Oakville Place, the mall offered shoppers the opportunity to dig for some pearls in a container of sand. Jean won the top prize, a pearl necklace valued at $1,000. Making the presentation is Janet Roesslein, marketing director for Oakville Place. FRIDAY, MARCH 26, 1993 PAGE 21 ..................... 5239 .................. 5015 .................. 5246 ..... L..........5424 @5419 ............ 5416 . .......... 5240 ....5418 ......... 5003 ........ 5011 ........ 5380 5018 5014 5417 5383 5191 5037 5035 AUTOMOTIVE Kerr Cadillac ....................... GROCERY STORES Jackson’s Barn ..................... JEWELLERS Srigley‘s Cash For Old Gold ........................... WINE LINE by Alex Eberspaecher ............................... 5200 PLANT HEALTH CARE Farm Forest Research ................ SHOPPING MALLS Trafal aerlége....:. .................................... 5007 Oakvfile Place.... .6030 Hopedale Mall” .6031 WHY SHOP OAKVILLE? ............................ 5428 AUTOMOTIVE motomsion RePair Dal/land I irrn n M Oakland Lincoln Mercury .......................... Oar Truck Rental Hertz Car Truck Rental ............................ 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