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The Globe and Mail lists Fortress Paper as a prime investment
Over the past few weeks The Globe and Mail’s Report on Business section has been taking a look at company stocks that tend to do well in the early stages of an economic rebound. According to Globe and Mail analysts, microcap companies – publicly traded companies that have a market capitalization of roughly US$250 million [...]
Czech National Bank Says “No” to Ads on Banknotes
In what may seem like an obvious decision, the Czech National Bank (CNB) has declared placing ads on banknotes “unlawful.”
The statement stems from what was supposed to be a one-off gift of sorts from a Czech company called Vedici to its employees. As a unique way of congratulating its employees upon the completion of [...]
Fortress Paper Gets Electronic Passport Contract
Fortress Paper Ltd (FTP.TO), a Canadian producer of security and specialty papers, on Thursday said it received a contract for electronic passports that will generate revenue of C$10 million over five years.
Fortress said it will make about 2.5 million electronic passports, enabled with radio frequency identification (RFID), which will contain the holder’s personal data and [...]
FORTRESS PAPER ANNOUNCES ePASSPORT CONTRACT AND AN UPDATE ON THE PLANNED PRODUCTION INCREASE AT ITS LANDQART MILL
VANCOUVER, British Columbia, January 14, 2010 – Fortress Paper Ltd. www.fortresspaper.com (“Fortress Paper” or the “Corporation”) today announces its inaugural ePassport contract, for approximately two million five hundred thousand units representing estimated aggregate revenues in excess of $10 million over five years. Fortress Paper also announces that its Board of Directors has approved a plan [...]
Estonia to adopt euro “in the first half of 2010”
The European Union (EU) is set to introduce Estonia into the folds of the euro zone by mid-summer 2010.
Marek Belka, the International Monetary Fund’s head for Europe revealed last week that Estonia is on track to fully adopt the single currency.
“I hope and I think there is a high likelihood that the EU will give [...]
Fortress Paper CEO Chad Wasilenkoff on Bloomberg
Chadwick Wasilenkoff, chief executive officer of Fortress Paper Ltd., talks with Bloomberg’s Pimm Fox about demand for the company’s banknote paper.
India to Begin Trial Period for Polymer Banknotes
The Reserve Bank of India (RBI) announced this week that the country will begin a trial period of introducing polymer banknotes in circulation in order to eliminate the backlog of unusable worn banknotes throughout India and to combat counterfeiting.
The RBI says that India has seen a 95 per cent increase in counterfeit notes in the [...]
Royal Bank of India Lists Banknotes Security Features on its Website.
Ever wondered exactly what kind of security features are embedded in the cash you carry?
If you live in India, you no longer have to wonder.
The Reserve Bank of India (RBI) has posted a comprehensive list of security features on its Mahatma Gandhi Series banknotes on its website.
The Gandhi Series has been in production since 1996.
Though [...]
Counterfeit Money: Still Going Strong
Counterfeit money printing activity continues in several global hot-spots. Chad Wasilenkoff, CEO of banknote-maker Fortress paper, talks about where and how counterfeiters are still successfully plying their trade.
In the month of October, U.S. law enforcement officials arrested people in North Carolina, Virginia and Kentucky for trying to use counterfeit money. Earlier this year, the U.S. [...]
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