OCR Text |
Show OREM TIMES 538 SO. STATE OREM, UTAH 84058 BULK RATE U.S. POSTAGE PAID OREM, UTAH PERMIT78 84058 ProvoOrem Chamber of Commerce Newsletter DECEMBER, 1999 IS r :i " oi . ira v , Greg Cook, W. Layne Ashton and Lee Radebaugh addressed the topic of World Trade at the Chamber's forum. World topk- of -Chamber forum BY: CHR1STA TADY PROVO Members of the local lo-cal chapter of the World Trade Association addressed the Chamber Cham-ber membership during the ProvoOrem Chamber's December Decem-ber Friday Forum Dec. 3. The speakers were Lee Radebaugh, the director of the School of Accountancy and Information Infor-mation Systems and KPMG professor pro-fessor of Accounting at Brigham Young University, W. Layne Ashton, corporate manager for Covol Technologies, Inc. and Gregory Gre-gory Cook, New Market Development Develop-ment manager at Nu Skin Enterprises. Enter-prises. "The World Trade Association is an organization that has been in Utah since the 1960s," Radebaugh said. "The Utah County chapter of the World Trade Association was started in the 80s." Currently Salt Lake and Utah County are the only WTA chapters chap-ters in the state, but possible satellite sat-ellite operations in Ogden and St. George are in the works. While the main focus of the Utah County chapter is high technology, technol-ogy, they offer luncheons and events that cater to a more broad business base. Some of the resources the local chapter offers its membership are their monthly luncheons at the Provo Marriott and annual events. This month's luncheon will be December 13 and the speaker will be Becky Lunceford of For Every Body. "One of our key resources is the Department of Commerce Export Center in Salt Lake," Ashton said. "They are the first link to providing assistance to businesses busi-nesses that want to go international." interna-tional." The Salt Lake Export Center provides a link to various embassies embas-sies and consulates throughout the world. Ashton also suggested obtaining a copy of the "Doing Business in ..." publication, which is published by any of the big six accounting firms on doing business busi-ness in a variety of countries. Cook shared Nu Skin's experience experi-ence internationally, "You can not go to Taiwan or Japan and find someone who doesn't use or know someone who uses Nu Skin products." prod-ucts." Nu Skin Enterprises did $1.2 billion in business last year and 80 percent of that was overseas. Since Nu Skin began in 1984, the popularity among the Asian culture cul-ture has grown. In 1990, Nu Skin opened in Canada, in 1991 in mm m call Stan at (801) 524-5116. During this month's forum, Don Norton, president of Far West Bank, and Jeff Alexander, president of Alexander's Digital Printing, were awarded the 1999 Sam Walton Business Leader Award for Provo and Orem, respectively. re-spectively. Backman Foundry was recognized at the Chamber spotlight spot-light this month. For more information on the First Friday Forum or other Chamber activities, call Romney at 379-2567. Don Norton was awarded the Jeff Alexander received the 1999 1999 Sam Walton Business Sam Walton Business Leader Leader award for Provo from award for Orem. Rich Rowe at Sam's Club. Hong Kong and in 1992 in Taiwan. Tai-wan. From there, they have added Australia, New Zealand, Japan, Mexico and other central American Ameri-can countries, Thailand, Korea, Sweden, Poland, Denmark, Brazil. Bra-zil. They are currently working on the Scandinavian countries. Their first day in Japan, they had 5,000 people waiting to sign up as distributors. The first weekend week-end they opened in Korea, 7,000 people joined the team as dis tributors. Their first year in Korea, Ko-rea, they made $1.20 million in sales. The three encouraged those in attendance to consider marketing their product internationally, especially es-pecially if it is a success here, because be-cause the world loves U.S. products. prod-ucts. For more information on the WTA in Utah County, visit www.wta.byu.edu. For more information in-formation on the Department of Commerce's Export Center, Christmas Toy Drive Harmon's Downtown Auto Center and the American Cancer Society have teamed up to help children and their families fighting cancer. The American Cancer Society So-ciety is asking those who can, to donate unwrapped, new toys for children ages 0-12 years. Money can also be donated do-nated and will be used to purchase pur-chase gift certificates for the children. Continued on page 4 4 |