WWttby Free tmse, W&esdAyýJanuary 26, I993Y e Jerry's the Drug Warehouse in receivership Jerry's the Drug Warehouse was placed in receivership early asat woek by the action of a group of unsecured croditors The four-store chain,. that began with its iflrst store in WhIitby eight years, go i continufing t prt ne h supervision of the receiver. They intend to soul the stores as oprating unts. Gerry Beiz, president of Jumbo to locate in Whitby Jumbo Video is planning ta lopen a .6,500 sq.. franchs loation in Whitby this summor. The Whitby location, in the plaza being constructed at the northwest corner of Rossiand Rd. and Garder> St., will be one of 20 new stores Jumbo plans to open in Canada in 1993. Jumbo already as 96 stores in Canada, including a four-year- old store in Pierinng and a two-year-oid store in Oshawa. While video rentais (Jumbo has 50 te 100 copies of a popular movie) remain the core of Jumbo's business, the privately- owned Canadian company is put- ting more emphasis on video sales. During December, 22 per cent of the chain's revenues came from video sales, and the target is 35 per cent sales. Moreover, stores now soul plush animais colouring books, Nintendo anâ Sega Genesis games, computer software, board games audio books and nature and reiaxation tapes -- as part of a move to bocome a «home enter- talnment emporium" rather than aVideo «libraiy." John Prittie, vice president of franchise devetopment and real Triangle Drugs, the parent company, told The Free Pres that its firat two stores in Whitby and Pickering have been and continue te ho profitable, but its moet reent openinge, in the Abbey Lane Shopping Centre in Scarborough and juet last yoar in the Baywood Centre in Ajax, have been losing heavily. estate for Jumbo Vxcleo, says the Beiz sought protection under Whitby location will émpioy 30 the new Bankruptcy Act in early people, eight of them full-tine. Decernber and a trustee, A. He says there is an average of Farber and Assoc., was appointed about $1 million in sales each te prepare a proposaifor the year at a Jumbo outiet. creditors. Beiz indicated that the proposai was going to provideaa minimum of 30 cents on the dollar to ail unsocured creditors However, a group of 10 ky unsecured croditors toM e re-emptive action in court on jai). 9 te prevont the proposai ever being presonted. A judgo granted their potition te place the company in receivership. Subsequently, Farber and Assoc. was appointed as receivor. Beiz is managing the business on behaif of the receivers and for the moment business is going ahead as usuai. C/a44,oic inatqeit( $29! OUR OFFER Thisao ;oo Your choice of frame, 0 triple mats & V groove. Ail mats 100% acid-free. EXPIRES JANLL4RY 23,1993. ifer cancls ail previous offers. ,Harwood Place Mal S427-1663 Corner of Bayly & H-arwood, Ajax RAnthony Robbins Iv O. World Premiere of a New Seminar "PARADIOM February8, 19931 8:30 a.m. - 5:30 p.m. Trontos Harbour Castie Convention Center Sponsored by: CFR9 AM 1010 1 il . m7 L1 i i%-L oixelboard Ask for Detad% A v iI bl CALL NO W (415) 668 080 EfaJdfg[~4 h.