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Society of Motion Picture, TV Engineers to Convene April 30-May 4 in L. A.
The 91st convention of the Society of Motion Picture and Television Engineers April 30 -May 4 at the Ambassador Hotel, Los Angeles, will feature exhibits and research papers from both the U.S. and foreign countries at the sessions dedicated to advances in color, according to convention vice-president Harry Teitefbaum.
The U.S. division of Electrical & Musical Industries of England has signed for one of the largest exhibit areas to display new English-developed color equipment, according to exhibit chairman George Kendall.
An intense campaign to receive papers from foreign research centers for motion pictures and television also is being made under chairmen Ed Ancona and D. J. White, who report one paper already scheduled from Hungary.
“With instantaneous international television just ansund the corner through 1962’s forthcoming satellite tests, the world exchange of scientific developments becomes ever more important,” said Ancona. “Motion picture and television engineers the world over must keep abreast of research and report on their work so that high standards of presentation can be made uniform and the public given the benefits of our members’ research and development.”
D. J. White, responsible for foreign paper presentation, has contacted SMPTE’s foreign membership, sought cooperation through all U.S. embassies and appealed to scientists through American business firm international departments.
Record 1961 Earnings For Continental Vending
Record net earnings of $1,249,127 were reported for fiscal 1961 by Continental Vending Machine Corp., setting a new high of 31 cents per share on the 4,042,239 common shares outstanding according to company president Harold Roth. This compares with net earnings of $158,406 or four cents per share in 1960.
Roth, in his message to stockholders, attributed the record earnings to “increased manufacturing profits, greater efficiencies in sales and administi-ation, plus an accelerated sales program of the cafeteria division,” which consists of wholly automatic, hot food, in-plant feeding installations.
He also disclosed that new product plans for 1962 include a bill changer, which automatically accepts and changes one and five-dollar banknotes; a new type ice cream vendor and a faster operating single cup brew vending machine.
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BOXOFFICE March 5, 1962
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