Cape May County Herald, 10 October 1984 IIIF issue link — Page 41

business—

MEMBER OF YEAR — Shirley Storms, secretary of County Chamber -of Commerce for 11 years, received Member of Year award from Dennis Curley.-chairman of chamber board of directors, at annual dinner meeting.

* Trustee Sworn in

VINE LAND — Stephen A. Kalapos was sworn in as a member of the

n Cumberland County Cols lege Board of Trustees e 4 Tuesday, Oct. 2. He succeeds John O. Berwick of Vineland, recentlyretired Cumberland County superintendent of schools. On Oct. 1, Kalapos was hired for the superintendent position vacated by Berwick. , THE BOARD approved the employment of Sandra Bovain. from Chesilhurst. as Educational Opportunity Fund counselor and n Jeanette Jimenez, j Vineland,. as Special Serr vices counselor. 1 The - following coordinators were approved for i the 1984-85 academic year: j Robert P a r v i n t Agriculture/Horticulture\ 3 program ; Sharon Kewish, \ Basic Studies program; J William Felmey, Industrial Cr Technology program <se- > cond semester only); Marianne Hoy, LPN/Transitions program, and Paul \ Menz. Pre-Engineering I program. CCC President Dr. Philip > S. Phelon announced that i the college will co-sponsor f with the Board of i Freeholders and the Cumberland County Economic Development and Planning boards a I ' casino Business Opportunity Conference Saturday at * 1 p.m. in the Soviet Center. "We anticipate approxi imately 200 businessnes will have a chance to meet with the purchasing representatives from all 10 casinos," he noted

Rite Aid Earnings A Record \ SHIREMANSTOWN, Pa. — Rite Aid Corporation ' NYSE ) has announced that sales and earnings for the second quarter of fiscal 1985 reached record levels. For the 13 weeks ended Sept. 1. sales advanced to $344,572,000, a 21' percent " gain over the $284,751,000 reported for the comparable period last year. Net income in the quarter rose .,16.8 percent to $14,699)000, or $.36 per share. - Sales for the 26-week period ended Sept. 1 jumped 18.8 percent over the comparable yearearlier period — to $668,987,000 from $563,138,000. Net income of $28,210,000 represented a 17.6 percent increase over the $23,983,000 posted last year. Earnings also increased 19.3 percent to $.68 per share. EARNINGS PER share and average shares outstanding for all periods have been changed to reflect the 2-for-l stock split of Jan. 30. 1984. In addition, sales and earnings for fiscal 1984 have been restated to account for Super Rite Foods, Inc., (NASDAQ) on the equity method. Alex Grass, chairman of the board and president, noted that the second quarter was a very active one for expansion and acquisition, both in the drugstore chain, which accounts for the bulk of the company's business, and in its specialty retailing division. Rite Aid added discount book retailing to its specialty retailng division in June with the acquisition of Encore Books, a 19-store chain based in Philadelphia. All of its stores are located in the greater Philadelphia area. Encore sells both new and "remaindered" books at discount prices and* had revenues of $10,150,000 for the fiscal year ended Jan. 31.

LCMR Invites j* '• Parents Back ERMA - Back-to-School-Night at Lower Cape May Regional High School has been scheduled for Tuesday, Oct. 23, beginning at 7:30 p.m. Parents will be able to follow their student's schedule on a typical school day, meeting each of their youngster's teachers in the process. The seven periods will each last for 10 minutes so that the classroom teachers can introduce themselves and inform parents of their course procedures and requirements.

Clubs Host Candidates CAPE MAY - The October Meeting of The City Men's Republican Club will be held today at the American Legion Home. 405 Congress St. The meeting will be a joint session with the City Women's Republican Club, and both will host the county Republican candidates, the U.S. Congressional candidates. and a representative of the U.S. Senatorial office. For additional Information contact Joseph Tracy, 1305 Idaho Ave., 884-0091.

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) $100 Million in Assets! We Are Sturdy! L We ARE Sturdy! Sturdy Savings and Loan has topped the $ 100 million mark in assets! pur growth throughout our 62-year history reflects customer confidence and satisfaction. Sturdy is one of New Jersey's strongest and sturdiest financial institutions — one of the few strong enough to resist mergers We've had the same name for 62 years — because we are Sturdy Yet we are S100 million small. Although we have large assets, the most importoi it thing we provide our customers is service. We believe our growth is a result of customer satisfaction in the complete line of services we provide — like our very popular high yield one and three year certificates f , .. Sturdy Savings and_Loan is proud to have reached S 100 million in assets, anfi we will continue to grow — offering complete arid competitive services to our customers. Thank you. Cape May County! j

Featuring. . . A Sturdy Certificate Celebration! Because of your continued support, satisfaction and confidence Sturdy has grown to be S 100 million strong In appreciation. Sturdy offers you these low minimum, high yield savings certificates

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C~Lk EgJC (£) tJ IT— Y MMHItl rt IBM AiilClftlMM Stone Harbor • Avalon • Dennisville • North Cape May • Cape May Court House 368-2911 967-7541 861-5152 884 5656 465-2700 • - * • f \ ' ' j£f I ' ' *