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Capital Investment Network’s angel investment education series demonstrates that the local investment community is strong, active, and interested in opportunities

Sep 23, 2014

(News Release) VICTORIA — On September 15, close to 50 private equity investors gathered at the Spacestation, a new co-working space on Fort Street in Victoria, for another successful education session hosted by the Capital Investment Network (CIN). The enthusiastic participation and overwhelmingly positive feedback from attendees confirmed not only that CIN is right on track with their program, but also that Victoria’s angel investment community is actively seeking opportunities and is interested in learning more about emerging investing trends and new investment approaches. “Write the Right Cheque — Convertible Debt or Equity?” examined the advantages and disadvantages of convertible debt and equity from the perspective of the investor. The three-person panel also discussed how to structure these investment types. “Early-stage deals are not only equity deals any more. Convertible debt deals at the seed stage and beyond are on the rise in both Canada and the US and increasingly popular with both entrepreneurs and investors,” says Mike Volker, president and founder of the Western Universities Technology Innovation Fund (WUTIF Capital (VCC) Inc.) and the president and chairman of the Green Angel Energy Corp fund (TSX.V:GAE). “This forum facilitated an important discussion among the local angel community on the benefits and limitations of convertible debt, as well as how to appropriately structure this instrument.” Volker, who founded and manages the Vancouver Technology Angel Network (VANTEC) and who was named Canadian Angel Investor of the Year by the National Angel Organization, as well as BC Angel of the Year by the BC Angel Forum in 2009, was joined on the panel by Geoff Catherwood and Todd Tessier. Catherwood is partner of the Energy Cleantech Venture Fund with BDC Venture Capital. He is active on the boards of several early-stage companies and also volunteers in a number of programs promoting entrepreneurship, including New Ventures BC. Todd Tessier implemented changes to the Small Business Venture Capital Act that led to a five-fold increase in venture funding for small businesses primarily from angel investors. He is a former executive director of the Investment Capital Branch and vice president of the BC Renaissance Capital Fund and is currently the CFO for Recon Instruments Inc. The high-calibre panel discussed the topic, provided case study and anecdotal examples, and invited comments and questions from the audience. Interest in and response to the panel was enthusiastic and clearly demonstrated that events of this kind are welcome within the investor community. Bringing local angel investors together to stimulate economic growth and prosperity in the region is precisely the aim of CIN. Stephanie Andrew, president and co-founder with Peter Elkins, says CIN is a private equity forum for Vancouver Island that offers investor-focused education, resources, and events to increase the level of sophistication among local angel investors, explore different investment approaches, facilitate collaboration, and grow the local investment community. ”The private equity investor education series is just one of the ways the Capital Investment Network is helping to create a better environment locally for investors by informing them of the large number of available investing options,” says Andrew. “The desired effect is ultimately to promote successful serial angel investments, innovation, and economic growth in the region.” The first session in the series focused on the evolving state of legislation on equity crowdfunding in B.C., as well as its potential benefits and risks and was held at the Investors First Launch Party in partnership with CFA Society Victoria. Other events hosted by the CIN include Keiretsu Forum Victoria/Vancouver Island Chapter meetings. The next session in the private equity investor education series is “What Is It Worth? A Discussion of Due Diligence and Early Stage Valuation” and will be held on October 20. For more details or to register, go to http://www.brownpapertickets.com/event/875496 Investors who are interested in learning more about the Capital Investment Network are invited to attend an event as a guest.

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BC Ferries plans to convert spirit-class vessels to liquefied natural gas (LNG) to realize major savings on fuel bill

Sep 22, 2014

(News Release) VICTORIA – BC Ferries plans to convert its two largest vessels, the Spirit of Vancouver Island and the Spirit of British Columbia, to dual fuel, as well as make modifications to the hull, in order to save approximately $9.2 million per year (in today’s dollars) over the remaining 27-year life cycle of the two vessels. The conversion is part of an application the company submitted today to the BC Ferries Commissioner for approval to proceed with mid-life upgrades of the vessels. The plans come on the heels of a BC Ferries announcement in July 2014 to build three intermediate-class dual fuel vessels for delivery in the years 2016 to 2017. BC Ferries expects total savings from LNG for the five vessels to be approximately $12.0 million per year (in today’s dollars), based on current fuel price estimates, which will significantly reduce upward pressure on fares. “We are well aware that fare affordability is a concern for our customers and operating on LNG, which is approximately 50 per cent cheaper than marine diesel, is a game changer for BC Ferries,” said Mike Corrigan, BC Ferries’ President and CEO. “We’ve been driving a culture of cost containment in many areas of our business without compromising safety and we are moving forward with LNG conversions, which will help us realize significant environmental benefits and enormous financial savings on our fuel bill.” BC Ferries spent $126 million on fuel last fiscal year and the two Spirit-Class vessels consumed approximately 15 per cent of the fleet total. These vessels are the largest consumers of fuel in the BC Ferries fleet and the conversion will reduce their cost of fuel by approximately half. The Spirit-Class vessels operate on the Tsawwassen – Swartz Bay route, which carried 28 per cent of total passengers, 23 per cent of total vehicles and generated 38 per cent of total passenger-based revenue in fiscal 2014. The Spirit-Class mid-life upgrade projects will carry out regulatory requirements; renew end-of-life systems; substantially reduce fuel costs by the conversion of the propulsion to dual fuel; implement hull, electrical and passenger service modifications; and increase ancillary services net income. In addition to reducing fuel costs with LNG, the projects will implement measures to reduce fuel consumption. A new low friction underwater coating will reduce hull drag, reducing total fuel principles from the 1980’s, will be modified at the bow and stern to further reduce drag. As a result, drag is expected to be further reduced which will further lower fuel consumption by up to 1.8 per cent. These fuel efficiency initiatives are expected to generate $650,000 of the fuel savings annually. BC Ferries is planning for the Spirit of Vancouver Island’s mid-life upgrade and LNG conversion from the fall of 2016 through the spring of 2017. The Spirit of British Columbia’s project is planned to occur from the fall of 2017 through the spring of 2018. Requests for contractor bids would be forthcoming. Under Section 55 of the Coastal Ferry Act, BC Ferries must not incur a major capital expenditure without first obtaining approval for the expenditure from the BC Ferries Commissioner. The Commissioner will make a ruling within 60 days. Under contract to the Province of British Columbia, BC Ferries is the service provider responsible for the delivery of safe, efficient and dependable ferry service along coastal British Columbia.

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Province to Study Feasibility of Bridge to Gabriola

Sep 18, 2014

(News Release) VICTORIA - In response to a petition signed by a significant number of Gabriola Island residents, the Ministry of Transportation and Infrastructure will study the feasibility of a fixed link between Gabriola Island and Vancouver Island that would replace existing ferry service.

This feasibility study is also consistent with government’s goals of connecting coastal communities in a sustainable manner, and finding innovative ways to reduce the upward pressure on coastal ferry fares.

The ministry will retain an independent consultant to examine potential locations for a fixed link, provide cost estimates for a fixed link, and undertake a cost comparison between a fixed link and the existing ferry service. The consultant will not be assessing the level of public support for a bridge.

The feasibility study will get underway this fall and is expected to be completed in spring 2015. The Ministry of Transportation and Infrastructure will post the study’s full terms of reference once the consultant is in place.

Gabriola Island is home to approximately 4,000 full-time residents. BC Ferries’ Route 19, between Gabriola Island and Nanaimo Harbour, carried 341,000 vehicles in 2013-14.

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United Way Sets $6 Million as 2014 Fundraising Goal With Unite to Change Campaign

Sep 18, 2014

(News Release) VICTORIA – Unite to Change lives and build community is the call to action for residents of Greater Victoria as United Way celebrates its 77th annual community campaign and announces $6 Million for its 2014 fundraising goal.

When you give to United Way, you support a network of services that provide a greater chance for everyone to live better lives; help children and youth gain life skills and transition to adulthood, support families that are working to meet life’s challenges and connect seniors with their community to reduce isolation.

“The need in our community is great and our mandate at United Way is two-fold – we serve the immediate needs of our most vulnerable citizens today while also focusing on the future to address the root causes of social issues and create measurable, sustainable change,” says Patricia Jelinski, CEO at United Way. “We can only do this work with the help of our many partners from business, labour, government, the non-profit sector and our generous donors and volunteers.”

While United Way serves in its dual role as a year-round fundraiser and community funder, the organization is the largest non-government funder in the region, and is honoured over 11,500 donors and 400 workplaces entrust them with building the collective good in the social service sector.

“Understanding the issues facing our region and being the best steward of our donor dollars is of utmost importance,” says Jelinski. “We are closely connected to our community partners and our donors – monitoring our programs, identifying gaps, investing in solutions, measuring our impact and reporting back on our results.”

Linking the Unite to Change campaign theme to its funding priority areas of All that kids can be, From poverty to possibilities and Strong communities, a gift to United Way means:

-Whether it’s helping people on the street find housing, providing job training or creating financial security, United Way funded programs offer opportunities for people to make better lives for themselves. Unite to Change and build pathways out of poverty for individuals and their families.

-Healthy individuals are the backbone of strong communities. When seniors have opportunities to connect with others in their neighbourhoods, they are more likely to combat isolation and overcome day to day challenges. Unite to Change and ensure seniors have access to services close to home to lead healthier more fulfilling lives.

-United Way works to ensure that every infant grows into a healthy child; every child has the support he or she needs to do well in life; and every young person makes a successful transition into post secondary and the workforce. Unite to Change and help children gain valuable life skills to become strong adults.

Every dollar makes a difference at United Way and here’s what a contribution can do to change lives:

·       For a dollar a day you can provide warm socks and hygiene supplies for homeless youth.

·       For $5 a week you can support 10 weeks of financial literacy training for a woman who has experienced domestic violence.

·       For $10 a week you can provide transportation for isolated seniors to participate in a weekly social program.

·       For $25 a week you can provide a mentorship and support program for three children for a year.

Donations to United Way’s community campaign are accepted at workplaces, United Way’s office at 1144 Fort Street, via phone 250-385-6708 or online at uwgv.ca.

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Moksha Yoga Opens New Studio in Westshore

Sep 18, 2014

(News Release) VICTORIA – Moksha Yoga Victoria, voted 'Best in City of 2013' by Victoria News, and part of North America's leading collective of highly accessible, socially and ecologically conscious hot yoga studios, unveiled the opening date of the sister studio - October 4, 2014.  When open, Moksha Yoga Westshore can be found a few blocks away from the Westhills Stadium, on the North side of the 'green' Splashes building at 311-895 Langford Parkway.

What makes this studio so unique, and unlike many other yoga studios is the directors vision to cater to students most unlikely to walk into a studio.  Whether they are an athlete concerned about injury prevention or a mother with a high-stress job, Moksha Yoga is so welcoming to all levels and body types that accessibility is this community’s 2nd of 7 pillars.  Classes are suitable to any person over 16, whether this is their first time doing yoga, they are recovering from a big game or injury, preparing for a race, crawling off the couch, in need of a good laugh or just the killer workout!  Students can test out any of the classes for FREE from October 4 – 10.

Directors Heather MacLeod (from Moksha Yoga Victoria) and Darci Nyal (Teacher at Moksha Yoga Victoria) both agree, “Mostly, we hear men and women say that yoga isn't for them.  It stems from the stereotype that yoga is only for the remarkably flexible, hip and young.  We are breaking traditional rules with what we’re offering, and proud of it.  We’ve taken into great consideration that when somebody walks into the studio and takes one of our 60, 75, or 90 minute classes, we want to hear them say, 'yes, this is my kind of yoga'.  And with Pheonix Gym next door, what a fantastic pairing for any high performance athlete."

The new studio will offer the following:

Fully loaded change facilities complete with showers, ample space and a quiet atmosphere

Large lounge and chill out area to relax and unwind  in before or after class

Boutique style retail section with athletic gear for both men and women

Male and female certified Moksha teachers, many of which have a background in athletics

A hot room big enough to fit even the narliest of athletes and non-athletes

A community vibe that is inviting and fun

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BBB Announces 2014 Torch Award Finalists

Sep 15, 2014

(News Release0 VICTORIA — The Better Business Bureau (BBB) serving Vancouver Island announced the 2014 Torch Award Finalists today.

“The following 50 businesses are in the running to win a 2014 Torch Award for their ethical practices in the marketplace,” said Rosalind Scott, President & CEO of BBB serving Vancouver Island.  “Every nominee should be proud of themselves for their outstanding customer service and commitment to maintaining trust in our business community. Every finalist deserves to win a Torch Award, but only 12 businesses will receive a prestigious Torch Award at our gala event on November 7th.”

To see the list of Torch Award Finalists for 2014 go to: http://www.bbb.org/vancouver-island/news-centre/news-releases/2014/09/bbb-announces-2014-torch-award-finalists

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New Destination Video Strikes a Chord with Visitors and Locals Alike

Sep 11, 2014

News Release (VICTORIA) – To carry the momentum of the summer season forward, Tourism Victoria launched a new destination video today showcasing the strong emotional connection visitors have with the region.

“This video gives me goosebumps,” says Trina Mousseau, Chief Marketing Officer at Tourism Victoria. “It showcases the wide variety experiences that our region has to offer while telling the story of what is special about a trip to Victoria through the eyes of a diverse group of visitors.”

Tourism Victoria’s new destination video will have multiple purposes, primarily as a tool for members and stakeholders to use in promoting the destination. The organization’s sales department will also use the video while in market conducting sales calls.

“To succeed in marketing a destination it is vitally important to create an emotional connection with the potential visitors,” says Paul Nursey, President & CEO at Tourism Victoria. “I am so proud of how this video achieves that connection. By doing so we compel the potential visitors to learn more about the destination and then ultimately book a trip.”

Tourism Victoria was pleased to partner with Victoria-based Innovate Imageworks for the production of this video that was shot over the summer and features more than 30 locations throughout the Greater Victoria area.

“I want to specifically thank the people at Innovate Imageworks who produced the video,” says Mousseau. “Their passion and connection to our destination was a driving force in this video’s success. They are a perfect example of the outstanding local talent we have right here in Victoria.”

Watch the video HERE.

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The 2014 Vancouver Island Motor Gathering Raises Over $75,000

Sep 11, 2014

(News Release) VICTORIA — The 2014 Vancouver Island Motor Gathering raised over $75,000 in support of Children’s Health Foundation of Vancouver Island and the Saanich Peninsula Hospital Foundation. Hosted at the Viscount Aero Centre at 9800 McDonald Park Rd in Sidney, BC. The Vancouver Island Motor Gathering, presented by the German Auto Import Network [GAIN], featured hundreds of unique cars and motorcycles of all makes and models. Families and spectators enjoyed a live band, great food and much more.

The event took place on Sunday, August 17th, with over 2,800 spectators in attendance. For children, there was an inflatable obstacle course, face painting, an instrument petting zoo, balloon animals, candy bar, pedal cars, cotton candy, radio controlled cars and many more activities.

Approximately 200 participants showcased their vehicles and 16 winners were awarded for various categories including Best Import, Best Muscle Car, Best Hot Rod, Best Vintage Motorcycle, Most Original and Best of Show.

Between the generous sponsors, participants, and spectators, the 2014 Vancouver Island Motor Gathering raised over $75,000 in support of two local charities. 60% of the money raised went to Children’s Health Foundation of Vancouver Island which helps children, youth, and their families with special needs reach their full potential. The remaining 40% of the money raised was donated to the Saanich Peninsula Hospital Foundation, which will be used towards the purchase of a much needed CT Scanner.

Visit www.motorgathering.com to find out more about the 2015 Vancouver Island Motor Gathering that will be taking place on Sunday, August 16th 2015. Registry for next year is now open on our website.

 

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Victoria Landmark Moves on After 93 Years of Business

Sep 05, 2014

(News Release) VICTORIA — One of Victoria’s most familiar locations to say farewell to loved ones is making changes. McCall Bros. Funeral Home, located at Johnson and Vancouver Streets since 1921, is relocating its full services to its Sequoia Gardens location in Royal Oak.

“It makes the best business sense for us to streamline our resources and energy into one main location that we can expand upon and enhance our services over time,” said David McCall, president and chief executive officer, McCall Bros.  “Our Royal Oak location is co-located at Royal Oak Burial Park and has the room we need to expand over time.”

The well known Sequoia Gardens will undergo an extensive renovation and expansion to accommodate funeral services and celebrations of life for a large number of guests in a tranquil setting with easy and ample parking.

McCall Bros. will maintain an office where arrangements can be made in a new location in the downtown area after the transition takes place.

Over the past year, the firm researched the community utilizing focus groups and by surveying more than 400 Victorians. Through this process they learned that people prefer to hold services in an uplifting, modern facility, connected to nature and the outdoors – precisely what Sequoia Gardens at Royal Oak offers.

“What we’ve learned in our years of business is that a funeral is as personal as the family that holds it,” said Trevor McCall, funeral director. “Our new design at Sequoia Gardens will appeal to people who want informal gatherings, celebrations of life, and to those who want traditional funeral services. It will have the ability to be converted into a restaurant-like setting or church-like setting.”

This transition will take place over the next 13 – 18 months. In the meantime, both the downtown and Sequoia Gardens locations will remain open for business and McCall Bros. will continue to offer exceptional service to the families they serve.

“All existing preplanned arrangements will be honoured and guaranteed,” said David McCall stressing that the redesigned Sequoia Gardens will conveniently accommodate small or large gatherings.

David’s son, Trevor McCall, and nephew, Craig McCall Williams represent the fourth generation of the family business and will assume leadership of the company in the near future.

 

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New Marketing Collective's Contest to Award $10,000 in Services

Sep 05, 2014

(News Release) VICTORIA — A new collective of branding and marketing experts is preparing to give away over $10,000 in services to one eager Victoria business that is ready to launch or rebrand. The winner will receive a grand prize that will include a new logo, a new website plus copywriting and blogging, professional headshots and business photography, marketing strategy with social media set-up and training, and event space to unveil the new brand.

On August 18th, 2014 the Freebird Collective announced the launch of their own brand in conjunction with the launch of The Freebird Contest. Business owners will be able to send in their creative submissions – preferably in video format - via the Collective’s website (www.freebirdcollective.com) until September 30th. The Members of the Collective will narrow down the submissions to five finalists, whose businesses will be showcased at a gala evening event at the Oddfellow’s Hall on October 16th. The grand prize winner will be revealed at the finale of the event.

“We wanted to launch our brand with a contest to really showcase what the Freebirds are all about – innovative marketing ideas that gets the whole community involved.” says Rebecca Kirstein, the founding member of The Freebird Collective. “As small business owners ourselves, we thought: what would we want to win that would make the biggest impact on our own businesses?”

The Freebird Collective is positioning their business as an affordable alternative to a traditional marketing agency for micro-businesses, entrepreneurs and small start-ups In the Victoria market. For small business owners in Victoria, sourcing professional quality branding tools from local specialists at affordable rates has been a challenge. The Freebird Collective offers comparable comprehensive services that an entrepreneur might find at a full-service marketing agency, but overall costs can be kept lower without overhead of a bricks-and-mortar business.  The Collective is also dedicated to offering group workshops and trainings for businesses operating with a very tight budget. Do-it-yourself devotees have the option of learning the tricks of the trade directly from the members of the Collective.

Earlier this spring, Rebecca Kirstein identified several women working as freelancers in the fields of branding and marketing, and brought them together to discuss her vision to offer accessible services and workshops for small businesses in Victoria. “I hand-picked each one of the Freebirds not just because of their expertise in their respective fields but because of their dedication to educating small business and their clients,” says Rebecca.

The Freebird Collective is comprised of photographers Rebecca Kirsten and Anna McKenzie (BK Studios), web designer/developer partners Kim Timothy and Niki Campbell (Boutique by Design), social media expert JUHLi SELBy (JUHLi SELBy Social Media), content writer Andrea Ting-Letts (SCRIBE Professional Writing), marketing consultant Frances Kinloch, and community connector Carolyne Taylor.

For full contest details, visit www.freebirdcollective.com/contest

 

 

 

 

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Geoff Catherwood from BDC Venture Capital Added to Speakers List for Capital Investment Network Event

Sep 05, 2014

(News Release) VICTORIA — Geoff Catherwood from BDC Venture Capital has been added to the speakers list for the upcoming Capital Investment Network event on September 15th, Write the Right Cheque - Convertible Debt or Equity?

Debt or equity - which is better for you?  Many investors (and company executives) assume that equity is the only option for early stage investing.  However there are other financing options. Deciding which is best means understanding how each works and how each can be structured.

Consider the advantages and disadvantages of convertible debt and equity from the perspective of the investor.  Learn how to structure these investment types properly to meet your return objectives and maximize tax credits.

SPEAKERS:

Geoff Catherwood: Geoff is a Partner of BDC Venture Capital. Geoff Joined BDC in 2001 and currently runs BDC's Energy and Clean Technology Fund for Western Canada and is active on the boards of several early-stage companies. He also volunteers in a number of programs promoting entrepreneurship, including New Ventures BC.

Mike Volker:   Mike founded Volker-Craig, Inc., a computer terminals company that was acquired in 1981. Since then he has been active in various early stage businesses as a founder, investor, director, and officer.  He is currently President and Founder of VCC fund WUTIF Capital Inc  the Western Universities Technology Innovation Fund and the GreenAngel Energy Corp fund and he manages the Vancouver Technology Angel Network (VANTEC).  Mike is very active on the B.C. high tech scene, serving on the non-profit boards of New Ventures BC, Canadian Listed Companies Association, and the Auditing and Assurance Standards oversight Council as well as various private company boards.  Mike was named Canadian Angel Investor of the Year by the National Angel Organization as well as BC Angel of the Year by the BC Angel Forum in 2009.

Todd Tessier: Todd implemented changes to the Small Business Venture Capital Act that led to a five-fold increase in venture funding for small businesses primarily from Angel Investors.  As Executive Director of the Investment Capital Branch, the program grew from $40 million in 2001 to its present level of $110 million per year available for venture investment.  He was responsible for designing and implementing the BC Renaissance Capital Fund in 2007.  Serving then as Vice President with the fund, his team placed $90 million of capital with top-tier venture capital fund managers based in Canada and the U.S.  The fund managers associated with the BC Renaissance Capital Fund have approximately $2.3 billion of capital under management and have invested $320 million to date into BC companies since 2007.  Currently Todd is the CFO for Recon Instruments Inc., a company that has been developing computer wearable sunglasses and have sold over 60 thousand eye wear units for skiing to OEMs like Oakley, Smith and Maui Jim through its channel partner Apple.

Venue has been generously provided by GUSTAVSON CAPITAL.

WHEN:

Date: September 15, 2014

Time: 6:00 pm to 8:00 pm

WHERE:

The Spacestation.

3rd Floor - 517 Fort St.

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Tilray Holding Job Fair to Hire Additional 40-50 Staff

Sep 04, 2014

(News Release) NAMAIMO — On September 8th and 9th, Tilray is holding a job fair in Nanaimo seeking staff to fill roles including:

Horticulturalists

Customer Service Representatives

Processing – trimmers, packagers, shippers

Facilities Maintenance

Social Media Community Manager

With this round of hires, Tilray will expand its team to about 130. At their first job fair in March, Tilray was hiring for 60 people, and attracted more than 400 resumes and interviewed 250 people.

People interested in attending the job fair need to email their resume to This e-mail address is being protected from spambots. You need JavaScript enabled to view it to receive details about participating. Additional details are available on Tilray’s Careers page: www.tilray.ca/en/Home/Careers

Tilray has invested $20 million in developing a state-of-the-art facility in Duke Point where they grow, process and distribute cannabis under license from Health Canada. They currently have more than 40 different strains of cannabis in cultivation in its state-of-the-art, 60,000 square foot facility. The company has provided medical cannabis to patients across Canada since opening on April 28, 2014. A short video about Tilray’s team and facility can be watched here.

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What Happens When Super Heroes and Affordable Housing Meet at Western Speedway?

Sep 04, 2014

(News Release) VICTORIA — This Saturday, September 6th, 2014, Pacifica Housing, Western Speedway and Heroes Inc have teamed up for an exciting night at the race tracks. At their event ”Pacifica Housing Lordco Autoparts Demo Trucks: Be a Hero for a Night” spectators are encouraged to come dressed as their favourite super hero! Numerous heroes from Heroes Inc will be amongst the spectators, adding to the excitement of the super hero theme.

“We are grateful for the amazing support we received from Western Speedway and Heroes Inc for this night,” says Karyn French, Executive Director at Pacifica Housing. “It is our 30th anniversary this year. We wanted to celebrate that milestone and offer our tenants a fun night out.”

Join us at Western Speedway on September 6th and be a Hero for a night. Gates open at 4.30pm, qualifying starts at 5.30pm and racing begins at 6.30pm. Anyone dressed as a hero can join the parade of heroes at the tracks.

 

 

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