President
Tony Livoti
MBITA
Vice President
Shay Adams
Digital Tech Displays
Members:
Dr. Edward Valeau
Hartnell College
Salinas
Victor Cordell
Monterey Institute of International Studies (MIIS)
Marcelo Siero
Houses.com
Jim Faith
GlobalTrade.com
Phil Cisneros
CCITA
Cristina Polesel
Membership/Event Manager
MBITA
This newsletter has been created by MBITA's editor
Cristina Polesel
cristina@mbita.org
The Monterey Bay International Trade Association (MBITA) would like to introduce its new corporate sponsor East West Bank. East West Bank is headquartered in Southern California and has Northern California administrative headquarters in San Francisco with an additional 29 offices throughout the state, with 7 in Northern California and more to come.
East West Bank is a $3 billion asset-size bank that specializes in catering to the small and medium size businesses in the San Francisco Bay Area that have international as well as domestic finance needs. "There are all too few local banks emphasizing both the domestic and international needs of small and medium size companies in California" says Michael Farstad, VP of Commercial Lending located in the Cupertino office of the Bank.
Import Services
- Commercial Letters of Credit
- Import Lines of Credit
- Documentary Collections
- International Wire Transfers
Export Services
- Export Letters of Credit
- Export finance, including government agency programs, eg. the Export Import Bank of the U.S. and foreign account
- Receivable insurance programs
- Documentary Collections
- Bills purchase program
- International Wire Transfers
- Standby Letters of Credit
- Foreign Exchange Services
Correspondent Banking Services include documentary processing, processing, remittance and foreign exchange.
Through their Web Base Trade Services system you can process your letter of credit application and communicate with East West Bank via Internet,anytime,anywhere with no additional charge (EWBtrade).
Mr. Farstad is a 26 year Bay Area resident and banker and has worked for several local banks in commercial and international banking. As the former Northern California Regional Manager for the State of California Export Finance Office (CEFO), he worked closely with MBITA and its clients and members supporting all of their export loan guarantee needs. CEFO works with exporting businesses to help them finance export sales with trade finance loan guarantees. CEFO is one of a few government programs (including the SBA and Export-Import Bank) which provides export working capital loans to California companies to promote California exports to the world.
Mr. Farstad was hired by East West Bank to emphasize the bank's desire to provide international banking services to the local communities in addition to traditional business banking services-cash management, PC banking, commercial, consumer, construction and real estate finance, etc. As a new corporate sponsor, East West Bank is looking forward to providing specialized and attentive service to MBITA members and clients.
Contact:
Michael Farstad
East West Bank
Tel. 408-366-8430
mfarstad@eastwestbank.com
www.eastwestbank.com
MBITA welcomes to its membership one of the leading strawberry growers in the country. Built by the dedication of many hard-working individuals, California Giant Inc. produces 9-10 million crates annually.
California Giant began in 1969 as Monc's Consolidated Produce, a Watsonville company that procured and sold strawberries as well as other fruits and vegetables. Monc's was founded and owned by Bill Moncovich, who is the President of California Giant today. In 1983 Bill created Pacific Valley Sales, a Santa Maria company specializing in strawberries. Pat Riordan, Bill's cousin, joined him shortly thereafter, as did Frank Saveria and Red Bryan. These four gentlemen are all from the Watsonville area - the predominant U.S. strawberry-growing region for more than half a century. They've all been involved in the strawberry industry for most of their lives. In 1985, the name of the company was changed to New West Fruit Corporation. The company began concentrating solely on berries, with operations in Watsonville and Santa Maria.
DTD has introduced more than 6 product lines in the past few months and their website explains them in detail and also provides examples of some of their applications. "Currently, it would be like taking coals to Newcastle, - but as our vertical markets continue to grow, we see exporting becoming a major part of the business." Mr. Adams indicates when asked about exporting. "Long term, DTD plans to be a leader in the new display technologies, not just the current LCD or Plasma. There are new technologies coming very soon that are truly revolutionary, such as electronic ink and OLED - and they will lend themselves to be more cost-effectively manufactured in the US" Mr. Adams concludes.
To learn more about DTD or this new technology and how it might apply to your business, Contact: Shay Adams, International Sales Manager
DigitalTech Displays
1801 Catalina Street
Sand City, CA 93955
Tel: (831) 392-1753
Fax: (831) 392-1754
Email: shay@dtdisplays.com
Web: www.dtdisplays.com
A Japanese Woman's Perspective on the American Business Culture
In the past five years MBITA has had the pleasure of hosting five Japanese interns for one year periods under the International Internship Program in Tokyo. This program positions Japanese professionals, mostly woman, in an American business enterprise for a period of one year in a particular industry selected by the intern who wishes to make a change of career in that industry.
MBITA had the pleasure of hosting Satoko Seda this year and the following his her written perspective of her experience and insights as a young Japanese woman in the world of a non-profit international trade association.
MBITA Luncheons:
…David Hoffman, renowned marketing guru addresses MBITA's Santa Cruz chapter on how to market through the web, and Italian office talks about the European Union.
On June 7th, 2002 MBITA Santa Cruz chapter luncheon meeting had over 40 local businesses in attendance. Before the two main speakers were introduced, MBITA's new Corporate Sponsor All World Currency Worldwide gave a brief presentation on their currency exchange services for small businesses.Moreno Bertoldi, Counsellor for Economic and Financial Affairs at the European Commission Delegation to the US in Washington DC represents the European Union (EU) in the United States then gave his presentation to the lively Santa Cruz group. Mr. Bertoldi discussed the EU's economic and monetary integration, the new Euro currency and the EU's current economic relationships with the U.S. and Japan.
David Hoffman of Guerrilla Media then gave a very informative and humorous presentation on global marketing communications strategies. Mr. Hoffman is a nationally acclaimed Peabody Winner and Producer/Director of over 100 PBS and TBS documentaries. He also specializes in creating, researching, writing, producing and distributing marketing communications messages for Fortune 500 companies. Mr. Hoffman discussed how to craft the most effective messages for particular audiences using mass media and the WWW. MBITA was so impressed by Mr. Hoffman's presentation that we have asked him to give a similar presentation to the Monterey Chapter on September 25th.
Congressman Farr Speaks on the New Farm Bill in Monterey
On July 1st, 2002 at the Monterey chapter luncheon meeting at the Old Fisherman's Wharf in Monterey, Congressman Sam Farr discussed the latest developments and issues of the new Farm Bill that was signed by President Bush last May."The new Farm Bill will help new initiatives for export of specialty crops from the Monterey Bay region", stated Congressman Farr at a Monterey chapter luncheon where over 50 representatives of the Monterey Bay business community attended. The congressman eluded that the new Farm Bill has funds directed mainly to the 'corn-belt' states, but did say because the Monterey Bay region is one of the largest agricultural hubs in the US, there are some benefits that will come out of the new Farm Bill for our region.
Also making a presentation was Deputy Secretary of Commerce, Bruce Blakeman of the U.S. Department of Commerce (USDOC). He and Mark Weaver, director of the Monterey Export Assistance Center of the USDOC, gave 'Exporter of the Year Awards' to local companies, Casa De Fruita, exporters of dried fruits and nuts, and Falcon Trading Company one of the leading exporters in the region of organic foodstuffs.
Pacific IDS
Located in Santa Cruz, California, Pacific IDS , brings affordable websites, printed materials (brochures, data sheets, manuals, product packaging) and interactive multimedia design solutions to small and mid-size companies worldwide.
Pacific IDS prides itself on being community conscious, client-centered, driven to solve design problems and easy to do business with. Pacific IDS is offering a design special to all MBITA members, 10% off all of your design projects with Pacific IDS. Pacific IDS will also take an additional 5% off of your initial project with new clients.
Visit our website www.pacids.com or call Pacific IDS, 831.464.0755 to learn more about saving time and money on your next web, print or cd-rom project
MBITA's Free Webinars on Eximhub
· Automate Your Export Documents Process for $50 a Month.
· No software or hardware installations.
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