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HomeMy WebLinkAboutR-86-1021NNW J-86-958 12/11/86 86--1021 RESOLUTION NO. A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A NEGOTIATED AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY AND WHICH SHALL BE SUBSTANTIALLY IN ACCORDANCE WITH THE REQUEST FOR PROPOSALS AND THE ATTACHED PROPOSAL, AS MODIFIED, BETWEEN THE CITY OF MIAMI AND VOLUME SERVICES, INC. FOR CON- CESSION C)Ph, aT[O-NS AT THE MIAMI ORANGE BOWL STADIUM AND THE MIAMI BASEBALL STADIUM FOR A PERIOD OF FIVE (5) YEARS, WITH THE OPTION TO EXTEND THE CONTRACT FOR ONE ADDITIONAL FIVE-YIEAR P,�;tIOD. WHEREAS, pursuant to public notice sealed proposals were received on December 5, 1986; and WHEREAS, Requests for Proposals were sent to twenty-three firms and four (4) proposals were received; and WHEREAS, a Selection Committee has recommended that the proposal submitted by Volume Services, Inc. offers the City the best combination of price, capital improvements, organization, marketing, experience, and minority participation; and WHEREAS, the City Manager recommends that the proposal of Volume Services, Inc. be accepted as the most advantageous proposal and that the attached negotiated agreement be executed; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1: The City Manager is hereby authorized to execute a negotiated agreement, in a form acceptable to the City Attorney and which shall be substantially in accordance with the Request for Proposals and the attached Proposal, as modified, between the City of Miami and Volume Services, Inc. for concession operations at the Miami Orange Bowl and Miami Baseball Stadium for a period of five years, with the option to extend the contract for one additional five year period. CITY COMMISSION MEETING OF DEC 11 ftd 86-1.02 RLSOLUTION Ne. REMARKS: • PASSED AND ADOPTED this 11th. day of December AT S Matty Hirai, City Clerk PREPARED AND APPROVED BY: 1 Robert F. Clark Chief Deputy City Attorney APP tD AS TO FORM AND CORRECTNESS: 'Lucia: Dou herty City ttorn y AV: bf:727 R L. SU MAYOR "0 , 1986. 86-1021 ADDENDUM TO PROPOSAL OF VOLUME SERVICE, INC. This page consists of modifications in the proposer's proposal made on the floor during the City Commission Meeting of December 11, 1986, said modification being consented to by the City Commission. The proposer agrees to provide to the City the sum of six -hundred seventy-five thousand dollars ($675,000) as the Minimum Annual Guarantee for the first year of the contract. The proposer further agrees to provide as the Minimum Annual Guarantee in years two (2) through five (5), or, in years two (2) through ten (10) if an additional five --year option period is exercised, the sum of five hundred thousand dollars ($500,000) or eighty-five percent (85%) of the previous year's earned commission rent, whichever is greater. 8671021 Accountants' Report To The Shareholders of Transworld Corporation: Re have examined the consolidated balance sheets of Transworld Corporation and subsidiaries as of December 31. 1985 and 1984. and the related consolidated statements of income and retained earnings and of changes in financial position for each of the three vears in the period ended December 31. 1985. Our examinations were made in accordance with generally accepted auditing standards and, ac•cordingl%, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, such consolidated financial statements present fairl% the financial position of Transworld Cogx►ration and subsidiaries at December 31. 1985 and 1984. and the results (if their operatiuns and the changes in their financial position for each of the three sears in the 1►eriod ended December 31. 198•1. in c•onformit% with general]% accepted accounting principles applied on a consistent basis. Deluitte Haskins 8 Sells r . Nt-A link. New lurk March 3. 1986 xs: r 40 Management's Report To The Shareholders of Transworld Corporation: We have prepared Transworld Corporation's consolidate. cial statements, including the notes and other financial lion appearing in this Annual Report. and are responsii_ their integritN and objectivity. In order to fulfill this rest, ity. policies have been established that require each s%s internal accounting control pro%ide reasonable assuranc ing due regard to the cost of implementing and maintain system. that transactions are executed in accordance wi management's intention and authorization, that accountii and records are prepared and maintained so as to permi preparation of the financial statements in accordance wi generally accepted accounting principles and that accor ity for assets. liabilities and equit% is maintained. Compliance with these policies is verified. and the Conti adequac% of accounting policies and procedures is e%alu through an internal audit program. In addition. Transwo. Corporation's independent certified public accountants i and maintain an understanding of the accounting and ad trative controls in place and. based on tests of those con of the accounting records, render an opinion on the fairr presentation of the financial statements. The Audit Com of the Board of Directors. composed of norimandgement members. meets periodic•alh with both the internal and pendent auditors to receive their reports. Further. we recognize our responsibilit% to conduct Tran business in accordance with high moral and ethical Stan Policies ha%e been established and review progran►s are tained to ensure that the policies are understuc►cl and the business activities are in compliance Aith them. 00, C✓ �t • F. L. Salizzoni Vice Chairman J. R. Painter �'ic•e President and Controller Subsidiary Officers Hilton International Co. Officers Curt R. Strand Chairman C. Edwin Meyer, Jr. Pre.,idew and Chief Executive Officer Helmut He►ermann Executivr Vice President -Chief Operating Officer E. Peter Aird Senior \ icr President-Treasoret Olaf S. Ronde Srniur \ mr 1rrsident-Cent ral Eurol►r and Eastern Mediterranean David F. Hoffman Senior \ice President -Human Resources Dr►elupmcot Pierre R. Jaquillard Senior Vice Prertdrol-Ueslern Eurupr. Gulf and Africa Kenneth S. Mies., Senior \icr President-A.,ia and Australia Fred Ruoff Senior \ ive Prrsidrnt-Marketiug Jonathan Berger \ re a Prrsidrnt-O:urjKlydlr I )rvrlopnlrnl Alan Bridle \ ice President and Comldn-lle► Anthony Carpenter \ icr President-Lnited State - Reginald h. Groome \ icr Prrsidrnt-CanjiLc Richard Handl Vice Preside-nt-Japan. Guam. tubed and thr Philippines Jose A. Menendez \ ice Pre,idrnt-Canbbrdo and Latin Amencd Melvin Milligan Vice Prrsidrnt. Grnrral Counsel. and Assistant Srcrrtan Willem Sprokkreeff Vicr Prrsidrnt-Australia and South Pacific Oskar von Kretschmann \u•r Prrsidrnt-Indune.ia. Mala, sia. Singapore. Sri Lanka and Thailand Carol%n S. Parlato Corp►ralr Srcreldn 41M. (mgawdlr Sri erldn ut Conlrrrl (,p►ldirallull. and 1-14,endU In. Spartan Food Systems Officers Jerome J. Richardson President and Chief Executive Officer F.J. Hammond, Jr. Senior Vice President -Construction and Real Estate Louis P. Howell Senior Vice President, General Counsel and Assistant Secretan Samuel H. Maw Senior Tice President -Research and Development R:P. Phillips Senior Vice President -Operations Vialter M. Brice, III Vice President -Administration and Assislant '.-wmtan Donald D. Hasty Tice President -Personnel H. Stephen McManus Vice President -Harder.,Operations Robert Prevatte Vice President -Hardens Operations Olin D. Thomson Vice President -Construction Canteen Corporation Officers Robert A. Kozlowski President and Chief Executi- James A. Rost Executive Vice President William Adams Vice President-Milnot Opera Harold F Brogdon Vice President -Engineering: Quality Control William H. Carlson Tice President. General Cou Assistant Secretan Kenneth R. Davidson Vice President -Purchasing Nicholas A. Dinielli Vice President and Contrulle Paul G. Duffy Vice President and General k FcKKI and Vending Melvin H. Grossberg Vice President-11(me Operati Daniel R. Krpan Vice President -!Marketing John E. Napier Vice President -Distributor UI Karl H. Sedlarz \ ice President-Corpurate I)e-- Assistant treasurer Richard M. Stein Vice Prrsidrnt and As-istant e Food and %ending George B. Tone% Vice President -Recreation tie Lawrence F. V. ilka• Vice President -Human Resor 8 -102- VOLUME SER VICES, INC. December 5, 1986 Mr. Walter E. Golby, Director Department of Parks, Recreation and Public Facilities c/o Office of the City Clerk City of Miami 3500 Pan American Drive, 1st Floor Miami, Florida 33133 Dear Mr. Golby: Volume Services, Inc. is pleased to submit this proposal for food and beverage concessions at the Miami Orange Bowl and Miami Baseball Stadiums. We have developed a response that addresses all items Y. "= included in the RFF and are excited about the prospect of serving the + P P g patrons of these facilities. Our operating experience, resources and strong management presence in ` Florida is prepared to meet the challenges of the early transition date .- as prescribed. If during your review of our submittal you develop any questions or y, require further infornation or clarifications, please contact me. Sincerely, Volume Services, Inc. t. khK David R. Scoco ` Sales and Marketing Manager Enclosure �= DRS : gat A GT7/98-1 4 Y��i Pi�� i �y�` ;iR ,'i^ icy VOLUME SERVICES. INC. December 5, 1986 Mr. Walter E. Golby, Director Department of Parks, Recreation and Public Facilities c/o Office of the City Clerk City of Miami 3506 Pan American Drive, 1st Floor Miami, Florida 33133 Lear Mr. Golby: Volume Services, Inc. is pleased to submit this proposal for food and beverage concessions at the Miami Orange Bowl and Miami Baseball. Stadiums. We have developed a response that addresses all items included in the RFP, and are excited about the prospect of serving the patrons of these facilities. Our operating experience, resources and strong managemert presence in Florida is prepared to meet the challenges of the early transition date as prescribed. If during your review of our submittal you develop any questions or require further information or clarifications, please contact me. Sincerely, Volume Services, Inc. David R. Scoco Sales and Marketing Manager 13woo Vlo 0 0 #Oper. #4800 EAS: $1,200 ® SAFECO INSURANCE COMPANY OF. GENERAL INSURANCE COMPANY 0; FIRST NATIONAL INSURANCE COM: SAFECO OF AMERICA HOME OFFICE. SAFECO PLAZA SEATTLE, WASHINGTON 98185 Bid 'fond '1o. 931A()rlr1— 11) BID BOND Approved by The American Institute of Architects, A.I.A. Document No. A-310 ( Feb. 1970 Edition) & OW.111. BY7Y11'.`h.'PRL•:5ENT.S, That we. Volume Services,- Inc. _as Pnnc,pa:. lletemafIer called the Pnncipal and the SAFECO INSURANCE COMPANY OF AMERIC'A, of Seattle, Wasl,rigton, a corporation duly organized unde the !awS of the State of Washin-ton, as Sprct\ , hercu;a:ter called the Surety, are hc!d and f rntl) bound unto--_- __-- ---City of eliatrs — -- _ — -- as Oblige- he,c;n:ifter called the Obligee n; ;he n,m ,�!__--- Twenty —Five Thousand and Noi 100---_-------_-------_ ----- Dollar Is, 25 CCO. 00- 1, for the pa\ ni nit of which sum well and truly n, he made, the paid Pnnc,pal.and the said Surety. bin• oui •:!�e.. �-w heirs, exc:u!ors. ad,:ur,stralors, succei,,ors and ass,rns. jointly and severally, ti;ntly by these presents. It'1/1:R1 .t.ti. the Principal has submitted a bid for —_--Food and Beverage Concessions at %Harty owned football and baseball facility from 1/1/67 to 2/l/91. A011'. 711 Rt'FORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract will the Obiwee in accordance with the teens of Such hid, and give such hand or bonds as may be specified in the bidding o Conn.ict Documents with good and sufficient surety for the faithful performance of such Contract and for the promp pa%ment of labor and material furnished in the prosecution thereof, or ,n the event of the failure of the Principal to ente su:h Contract and ,ive such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed th, peiiali% hereof bomeen the amount specified In said bid and such larger amount for which the Obligee may in good faitl cowract with another party to perform the Work covered by said hid, then this obligation Shall he null and vo;d, otherwis= to remain in full force and effect. Signed and sealed this - 26th- _— —_ day of_- _ . _ November— _ . I _ 86 Vole Services, inc. — (Sea! Principa K. H. Sedlarz-'Vice/President Tit1= -� SAFECO INSURANCE COMPANY OF AMER10 At tilt Ile\'-m-Fac. 8f,-1Q .i. �i f: 1 POWER SAFECO INSURANCE COMPANY OF r OF ATTORNEY GENERAL INSURANCE COMPANY OF t HOME OFFICE SAFECO PLAZA i SEATTLE. WASHINGTON 98185 SAFECO No. 4666 KNOW ALL BY THESE PRESENTS: That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA each a Washington corporation, does each hereby appoint -------- ---------- -------- -------ALICE ALBANO----------- ------------------------- its true and lawful attorney(s)-in-fact with full authority to execute on its behalf fidelity and surety bonds or undertakings and other documents of a similar character Issued in the course of Its business, and to bind the respective company thereby. IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA have each executed and attested these presents this 2nd day of Nnvpmhpr , 19_R�l CERTIFICATE Extract from the By -Laws of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA: "Article V. Section 13 — FIDELITY AND SURETY BONDS . the President, any Vice President, the Secretary, and any Assistant Vice President appointed for that purpose by the officer In charge of surety operations. shall each have authority to appoint Individuals as attorneys -In -fact or under other appropriate titles with authority to execute on behalf of the companv fidelity and surety bonds and other documents of similar character Issued by the company In the course of Its business On any Instrument making or evidencing such appointment, the signatures maybe affixed by facsimile On any Instrument conferring such authority or on any bond or undertaking of the company, the seal, or a facsimile thereof, may be Impressed or affixed or In any other manner reproduced, provided, however, that the seal shall not be necessary to the vandlt� of any such instrument or undertaking " Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28, 1970 "On any certificate executed by the Secretary or an assistant secretary of the Company setting out, (I) The provisions of Article V, Section 13 of the By -Laws, and (III A copy of the power -of -attorney appointment. executed pursuant thereto, and (III) Certifying that said power -of -attorney appointment is in full force and effect. the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof " I, Boh A Dickey, Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By -Laws and of a Resolution of the Board of Directors of these corporations, and of a Power of Attorney Issued pursuant thereto, are true and correct, and that both the By•Laws. the Resolution and the Power of Attorney are still in full force and effect IN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation 0 5974P•C3 66 this day of 19 PRINTED IN U 5 A V., 0 V ACKNOWLEDGMENT BY SURETY STATE OF ss County of On this day of before me person appeared Alice Albaao known to me to be the Attorney-in-Fac SAFECO INSURANCE COMPANY OF AMERICA, GENERAL INSURANCE COMPANY OF AMERICA, FIRST NATIOf` INSURANCE COMPANY OF AMERICA or SAFECO NATIONAL INSURANCE COMPANY, the corporation that executed within instrument, and acknowledged to me that such corporation executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, at my office in the aforesaid Coui the day and year in this certificate first above written. , Ive Notary Publi in thef.4al(Wpf, _ .. (Seal) County of 5 Z30 as 6 78 PRINTED IN u 136. 1-Q 4 9 TABLE OF CONTENTS IMODUCTIO14 A. CORPORATE PROFILE AND PHILOSOPHY..................3 B. OUR CREDENTIALS..................................13 C. MANAGEMENT PLAN - OPERATIONS .....................36 D. MANAGEMENT PLAN - MANAGEMFhrr AND STAFFING ........ 42 E. CAPITAL IMPROVEMENTS .............................50 F. FINANCIAL CONTROLS AND ACCOUNTING................52 G. EMPLOYEE GROWTH AND DEVELOPMENT..................55 H. CORPORATE SUPPORT SERVICES AND UNIQUE PROGRAMS ... 61 I. PROPOSAL DOCUMENTS EXHIBITS - Alcohol' Awareness Program...............El - Affirmative Action/EEO..................E2 - Uniforms................................E3 - Corporate Capabilities Brochure .... .....E4 - Volume Services Brochure... ..... oo—e—E5 - TW Financial Statement... o.*e9o*eeo.*o**E6 - Certificate of Insurance................E7 - Letters of Recommendation...............E8 a INTRODUCTION The provision of quality food and beverage services is an important and Integral function of the operations at the Orange Bowl and Miami Stadium. The undertaking of such a responsibility is not to be treated lightly, or as simply as "just another Stadium Foodservice". Volume Services, Inc. understands and appreciates your objective to offer the tenants, visitors and guests of Miami, the highest quality products and services at outstanding value. We have developed this response to your request for proposals Incorporating our significant experience, proven operational programs and management resources into an innovative and comprehensive management plan for the facilities. The diverse food and beverage requirements of the stadiums will require an equally flexible and creative organization to ensure customer satisfaction and financial performance. The Volume Services Division of Canteen is prepared to meet the challenge. As you review our proposal, we invite you to establish the standards by which to evaluate our performance. The operating concepts, management plans and financial projections contained herein are our commitments to the City of Miami, and to the patrons of the Orange Bowl and Miami Stadium. 41 -I- 0 Our proposal is organized into topical headings, each section detailing specific information as it relates to a successful foodservice operation at the stadiums. Every element is designed to ensure that Volume Services' contribution to the overall success of the complex is complete, and exceeds your expectations. -z- cxw. 1.Q2 A. CORPORATE PROFILE B PHILOSOPHY Corporate Profile Volume Services Inc., recognized as the leader in excellent quality food service to recreation, sports and convention center markets is a wholly owned subsidiary of Canteen Corporation, one of the nation's finest food service management firms. Volume Services specializes in the unique food service requirements of convention centers, stadiums, arenas, racetracks, and numerous other public facilities. We have distinguished ourselves in the industry by means of the Volume Services System, providing management, merchandising, controls, financial return to our clients, and, most importantly, excellent service to our customers. Volume Services has significant experience in successful operations plus the desire and flexibility to continually learn new techniques to improve our performance. We have served six World Series in three different cities, numerous Colliegiate Bowl Games, national political conventions, many of the most prestigious international, state and regional conventions, as well as many other high attendance events. We were privileged to serve the spectators of both Super Bowl RVIII at Tampa Stadium and the 1984 Summer Olympics at the Los Angeles Coliseum and Sports Arena. Our ability to provide our convention centers, arenas, and stadiums with maximum gross revenues and the highest possible per capita volume has enabled us to continually renew contracts in the facilities where we operate V add new business to this growing market each year. -3- x; l During 1985, Volume Services Inc., became a part of Transworld Corporation's family of service organizations via Transworld's purchase of the Interstate United Corporation. Now as a wholly -owned subsidiary of Canteen Corporation, Volume Services benefits from the significant experience and resources of this major contract management firm. Canteen Corporation One of the nation's largest service providers, this 1.3 billion dollar _ concern is rapidly becoming known as America's Foodservice Company. The corporation's rich history began in Chicago in 1929. Since then, by broadening its markets and operations, the company has enjoyed steady growth while this diversification has lead to a leadership role in virtually every area of professional service management. _ In addition to Volume Services, Inc., Canteen Corporation is divided .' into the following network of operating groups: A -4- 156--42 Canteen Corporation (Continued) * TW Services, Inc...provides food, lodging, gift shops and tour services in National, State and municipal parks, conference centers, and training facilities, services include: - resort management - marketing and sales promotion - rentals, tours, exhibits - quality dining programs facility maintenance 4 - security and transportation Gulliver's...This deli concept meets the needs of office workers and visitors in multi -tenant commercial office buildings without ,.r company sponsored foodservices. The services include: �.,. { 4 - customized design - convenience to tenants - tenant catering Build -Your -Own salad bars y'j,- prepared to order delicatessen sandwiches kitchen fresh soups S. breakfast service 0 Canteen Corporation (Continued) * Corporate Foodservices...'eets the dining requirements of American Business. The services include: - Executive Dining Rooms - Employee Dining Rooms - Special Function Catering * Educational Foodservices... Canteen's Educational Foodservice provides nutritious, tasty lunches to North America's primary and secondary schools. The services include: - sophisticated management methods - trained quality management - employee training and motivation - high quality, tasty food - appetizing menu choices - imaginative merchandising * College and University Foodservices... Canteen's menus, meal plans and style of service reflect what students and college administrators demand in foodservice. The services include: a -6- flexible meal plans credit cards and computer deductions rathskellers, delicatessens, pizzerias, pubs, and soda shops student involvement special events cost-effective management Correctional Foodservices... Our management programs, which meet court mandated standards, provide prison administrators with efficient, cost effective approaches to growing populations. The services include: - Use of Federal Commodities - Use of prison -grown foods - computer menu controls - religious and denominational menus - design assistance - skill training for inmates - security procedures and contingency plans - nutrition standards which exceed American Correctional Association guidelines • 86. 2 0 UJ * Health Care Foodservices... Provides dietary departments and coffee shops for hospitals, nursing homes and life care centers. The services include: - Menu development and analysis - patient meals - nourishment programs - purchasing services - administrative reports and financial forecasting - in-service training * Vending and Automated Services —Canteen provides vending services through 200,000 vending machines in 180 markets across North America. The services include: - state of the art equipment - national brands - kitchen fresh foods - trained professional personnel - responsive maintenance - detailed computer reporting - Quality Assurance programs s -8- �6"'14 ,. * Preferred Meal Systems... provides 42 million preportioned, single -service meals each year to school children across the country. The services include: - top-quality food at reduced costs - reduced demands for equipment - lower labor factors - less administrative involvement for school administrators - firm price quotations - purchasing, production and distribution systems * The Rowe Division...provides cigarette and refreshment services, amusement games, phonograph music systems for restaurants and other businesses across the United States. The services include: - prompt, efficient, dependable service - stringent accountability - top quality products - the finest equipment It becomes evident that the Canteen family of operating groups truly provides food and related services to every aspect of daily activity. -9- Transworld Corporation Canteen is a wholly -owned subsidiary of Transworld Corporation, a $2.5 billion New York based holding company that guides a network of service -oriented companies. Besides Canteen, the Transworld family includes: * Hilton International - one of the world's foremost hotel management companies, with 89 hotels in 43 foreign countries. Domestically Hilton International operates under the Vista International name. * Spartan Food Systems - Canteen's sister company in the Transworld "Food Group" owns and operates more than 300 Hardee's fast food �., restaurants and 200 of its own proprietary concept, Quincy's Family <;s Steak Houses. The common denominators linking each of the divisions of Transworld Corporation are food, service and hospitality. Transworld's concentration on these common elements has resulted in one of the world's largest and finest service organizations. Each member of TWC Family shares its resources with one another. Regular exchange of training, marketing, and operational information is encouraged. The 1985 TWC Annual Report has been included for your review, as an exhibit to this submittal. Volume Services' philosophy for foodservice operations is based upon the development, implementation and maintenance of the highest professional foodservice standards. Our approach is to test and refine programs which can be duplicated in each of our operations and which are adaptable to our clients' facilities and requirements. The ability to deliver quality programs again and again under very different circumstances for clients with very different objectives is unique in the food service industry. This ability says more about our management philosophy than anything we might say in our proposal. Volume Services has enjoyed exciting growth due to our sensitivity to our clients' needs and understanding of foodservice trends. We will ensure our continued growth through imaginative marketing, professional management, innovative systems, and the development of creative foodservice personnel. Much of our future growth will come from our existing business base. The on -going development of quality programs, sound controls, and our ability to out -perform our competitors will continue to provide us solid growth opportunities. 0 h. Volume Services places great emphasis on developing and training its people. We constantly review the talent pool from academic and industry sources and hire quality people for management training positions to sgpport our growth plans. Once affiliated with Volume Services, new eaployees receive a formal curriculum of training programs, workshops and programmed study. Our philosophy of demanding quality service and performance excellence ensures continued growth, expansion and leadership for Volume Services. In a market populated with discerning clients, we stand out as the choice for excellence. We encourage you to v-1P4.t foodservice locations managed by Volume Services. You'll find out we don't just talk about quality and consistency, but we achieve it. • 12, a ri 0 0 B. OUR CREDENTIALS We are all known by the company we keep. At Volume Services we are proud to say we keep some impressive company. Our complete list of clients and their facilities we serve is included for your review. s -13- 8(; -1.Q2 srt, 0 CLIENT LIST We encourage you to contact each of our clients for a first person appraisal of our performance. The following is a list of our valued clients, in alphabetical order, indicating our client's name, address, and telephone number, as well as the facilities, size, type of service and year service started. CLIENT American Royal Center 25th Floor, City Hall Kansas City, Missouri 64106 CONTACT Mr. John Burge 816/274-1316 FACILITIES Kemper Memorial Arena (18,000 seats) American Royal Building ( 6,150 seats) Governors Exposition Building (120,000 sq.ft.) TYPES OF SERVICES Concession (stands and vendors), programs, and novelties START OF SERVICE 1974 CLIENT Arkansas State Fairground Complex P.O. Box 907 Little Rock, Arkansas 72203 CONTACT Mr. J. R. "Johnnie" Holmes 501/372-8341 FACILITIES T. H. Barton Coliseum Arena (10,000 seats) Hall of Industry (37.000 sq. ft.) Grandstand ( 5,000 seats) TYPES OF SERVICES Concessions (stands and vendors), programs, novelties, cafeteria and banquet catering. START OF SERVICE 1979 -14- 0 CLIENT LIST We encourage you to contact each of our clients for a first person appraisal of our performance. The following is a list of our valued clients, in alphabetical order, indicating our client's name, address, and telephone number, as well as the facilities, size, type of service and year service started. CLIENT American Royal Center 25th Floor, City Hall Kansas City, Missouri 64106 CONTACT Mr. John Burge 816/274-1316 FACILITIES Kemper Memorial Arena (18,000 seats) American Royal Building ( 6,150 seats) Governors Exposition Building (120,000 sq.ft.) TYPES OF SERVICES Concession (stands and vendors), programs, and novelties START OF SERVICE 1974 CLIENT Arkansas State Fairground Complex P.O. Box 907 Little Rock, Arkansas 72203 CONTACT Mr. J. R. "Johnnie" Holmes 501/372-8341 FACILITIES T. H. Barton Coliseum Arena (10,000 seats) Hall of Industry (37.000 sq. ft.) Grandstand ( 5,000 seats) TYPES OF SERVICES Concessions (stands and vendors), programs, novelties, cafeteria and banquet catering. START OF SERVICE 1979 -14- �- i CLIENT Arrowhead Stadium One Arrowhead Drive Kansas City, Missouri 64105 CONTACT Mr. Jack Steadman Mr. Robert Wachter 816/924-9300 816/924-9300 FACILITIES Football Stadium (78,034 seats) TYPES OF SERVICES Concession (stand and vendors), programs, and novelties START OF SERVICE 1972 CLIENT Baltimore Civic Center 201 W. Baltimore Street Baltimore, Maryland 21201 CONTACT Mr. Charles Neustadt 301/837-0903 FACILITIES Arena (13,000 seats) TYPES OF SERVICES Concessions, programs, novelties and catering START OF SERVICE 1984 • -15- 8E�1Q2 a r , i CLIENT Arrowhead Stadium One Arrowhead Drive Kansas City, Missouri 64105 CONTACT Mr. Jack Steadman Mr. Robert Wachter 816/924-9300 816/924-9300 FACILITIES Football Stadium (78,034 seats) TYPES OF SERVICES Concession (stand and vendors), programs, and novelties START OF SERVICE 1972 CLIENT Baltimore Civic Center 201 W. Baltimore Street Baltimore, Maryland 21201 CONTACT Mr. Charles Neustadt 301/837-0903 FACILITIES Arena (13,000 seats) TYPES OF SERVICES Concessions, programs, novelties and catering START OF SERVICE 1984 • -15- 8E�1Q2 a r , i n 4 0 CLIENT British Columbia Place 777 Taylor Street Vancouver, British Columbia, Canada V6B4Y8 CONTACT Mr. Harry Renaud 604/669-2300 FACILITIES Stadium (60,000 seats) Stadium Club ( 75 seats) Luxury Suites (80) Exhibit Hall (230,000 sq.ft.) TYPES OF SERVICES Concessions, catering, restaurants START OF SERVICE 1983 CLIENT Casper Events Center 200 N. David Street Casper, Wyoming 82601 CONTACT Mr. John Nath 307/235-8354 FACILITIES Arena (10,000 seats) Exhibit Space (44,000 sq. feet) Theatre ( 3,500 seats) TYPES OF SERVICES Concessions (stands and vendors) START OF SERVICE 1982 a -16- vVj.Q0r 0 6 CLIENT The Centrum in Worcester c/o Spectacor Management 50 Foster Street Worcester. Massachusetts 01608 CONTACT Mr. Neil Sulkes 617/755-6800 FACILITIES Arena (13,500 seats) Exhibit Hall (40,000 sq. feet) TYPES OF SERVICES Concessions and catering START OF SERVICE 1982 CLIENT Century II Complex 225 West Douglas Avenue Wichita, Kansas 67202 CONTACT Mr. James F. Clancy 316/264-9121 FACILITIES Exhibit Halls Arena Concert Hall Performing Arts Theatre (Total 200,000 sq.feet) ( 5,200 seats) ( 2,190 seats) ( 661 seats) TYPES OF SERVICES Concessions, catering and novelties START OF SERVICE 1985 0 44. -17- 8 son �j A CLIENT Victor R. Copps Trade Centre/Arena 101 York Boulevard Hamilton, Ontario, Canada L8R3L4 CONTACT Mr. Brian Conacber 416/526-4450 FACILITIES Coliseum (18,000 seats) Exhibit Space (87,000 square feet) TYPES OF SERVICES Concessions and club START OF SERVICE 1985 CLIENT Erie Civic Center P. 0. Box 6140 Erie, Pennsylvania 16512 CONTACT Mr. Jay Armbruster 814/453-7117 FACILITIES Arena ( 9,200 seats ) Exhibit Hall, (25,000 sq. ft.) TYPES OF SERVICES Concessions, programs, novelties and catering START OF SERVICE 1964 -18- 1q6. ILO CLIENT Five Seasons Center 150 First Avenue, N.E., Suite 250 Cedar Rapids, Iowa 52401 CONTACT Mr. David Pisha 319/398-5211 FACILITIES Arena ( 8,500 seats) Exhibit Space (28,500 sq. feet) TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1979 CLIENT Fresno Convention Center 2101 "C" Street Fresno, California 93706 CONTACT Mr. Ernie Valdez 209/488-1511 FACILITIES Arena Theatre Exhibit Hall TYPES OF SERVICES Concessions and catering START OF SERVICE 1982 —19— ( 7,410 seats) ( 2,359 seats) (32,000 sq. feet) 0 CLIENT Hollywood Greyhound Track 831 North Federal Highway Hallandale, Florida 33009 CONTACT Mr. Les Schwartz 305/454-9400 FACILITIES Greyhound Track (15,000 seats) Dining Rooms ( 700 seats) TYPES OF SERVICES Concessions, catering, restaurants START OF SERVICE 1973 CLIENT Hubert A. Humphrey Metrodome Stadium 900 South 5th Street Minneapolis, Minnesota 55415 CONTACT Mr. Jerry Bell 612/332-0386 FACILITIES Domed Stadium (65,000 seats) TYPES OF SERVICES Concessions (stands and vendors) START OF SERVICE 1982 a CLIENT Jacksonville Sports Complex Department of Recreation and Public Affiars 851 North Market Street Jacksonville, Florida 32202 CONTACT Mr. Dan Lee 904/633-3808 FACILITIES Stadium (Gator Bowl) (70,000 seats) Coliseum (10,228 seats) Auditorium ( 3,200 seats) Beach and Miscellaneous City Parks TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1976 CLIENT Jones Beach State Park Long Island State Park and Recreation Commission Belmont Lake State Park Babylon, Long Island, New York 11702 CONTACT Mr. John Sheridan 516/669-1000 FACILITIES Beachfront (33 miles) Softball Fields Golf Course Theatre Fishing Piers TYPES OF SERVICES Concessions, restaurant, banquet catering, cafeterias, vending and liquor services START OF SERVICE 1931 • -21- L] CLIENT Kansas City Convention Complex 1310 Wyandotte Kansas City, Missouri 64105 CONTACT Mr. John Burge 816/421-8000 FACILITIES Arena ( 10,000 seats) Exhibition Hall ( 50,000 sq. feet) Exhibition Hall (200,000 sq. feet) Music Hall ( 3,500 seats) Theatre ( 1,000 seats) TYPES OF SERVICES Concessions, banquet catering, cocktail lounge, restaurant, cafeteria START OF SERVICE 1976 CLIENT Lawlor Events Center University of Nevada, Reno Business Center North Reno, Nevada 89557 CONTACT Mr. Robert Dagitz .702/784-6552 FACIIITIES Arena (13,000 seats) TYPES OF SERVICES Concessions, bar, catering and novelties START OF SERVICE 1983 • ^22- s�':� h,, 0 0 CLIENT Los Angeles Memorial Coliseum and Sports Arena 3911 South Figueroa Street Los Angeles, California 90037 CONTACT Mr. James Hardy 213/747-7111 FACILITIES Stadium (88,000 seats) Arena (15,400 seats) TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1977 CLIENT Ted Makalena Golf Course Waipio, Ewa, Hawaii CONTACT Mr. Kiyo Tenjoms 808/259-5350 FACILITIES 18-Hole Golf Course TYPES OF SERVICES Concession stands and catering START OF SERVICE 1981 -23- 1 fb 0 CLIENT Oakland -Alameda County Coliseum Complex Nimitz Freeway and Hegenberger Road Oakland, California 94621 CONTACT Kr. Ray Ward 415/569-2121 FACILITIES Stadium (54,000 seats) Arena (14,260 seats) Exhibit Hall (50,000 sq. feet) TYPES OF SERVICES Concessions (stands and vendors) START OF SERVICE 1966 CLIENT Ocean Center 101 N. Atlantic Avenue Daytona Beach, Florida 32018 CONTACT Mr. Jerry Mac Donald 904/252-7766 FACILITIES Arena (10,000 seats) Exhibit Hall (62,000 sq. feet) TYPES OF SERVICES Concessions (stands and vendors), liquor service, catering START OF SERVICE 1985 a -24- 1 9 CLIENT Orange County Convention/Civic Center 9800 International Drive Orlando, Florida 32809 CONTACT Mr. David O'Neal 305/420-3773 FACILITIES Convention Center (165,000 sq. feet) Arena ( 8,500 seats) Meeting Capacity ( 12,000 seats) Meeting Rooms ( 40 ) TYPES OF SERVICES Concessions (stands, vendors), catering START OF SERVICE 1983 CLIENT Lester E. Palmer Auditorium P.O. Box 1088 Austin, Texas 78767 CONTACT Mr. Ron Wood 512/476-5461 FACILITIES Coliseum ( 6,200 seats) Auditorium ( 6,000 seats) Exhibit Area (87,440 sq. ft.) Banquet Facilities ( 4,500 capacity) TYPES OF SERVICES Concessions (stands and vendors), programs, novelties, and banquet catering START OF SERVICE 1979 a -25- 142- "FTI�� ty 9 CLIENT Pompano Park Racetrack 1800 Southwest Third Street Pompano Beach, Florida 33060 CONTACT Mr. Harold Duris 305/972-2000 FACILITIES Harness and Quarterhorse Racetrack TYPES OF SERVICES Clubhouse dining rooms, concessions, bars, and catering START OF SERVICE 1973 CLIENT Richmond Coliseum Dept. of Community Facilities 600 E. Broad Street - Suite 615 Richmond, Virginia 23219 CONTACT Mr. Jerry Johnson 804/780-5093 FACILITIES Coliseum (14,000 seats) Exhibit Space (50,000 sq. feet) Mosque Theatre ( 3,667 seats) TYPES OF SERVICES Concessions, catering and novelty sales START OF SERVICE 1982 a -26- 1 xlq i 0 C] CLIENT Riverfront Coliseum 100 Broadway Cincinnati, Ohio 45202 CONTACT Mr. Don Schumacher 513/241-8500 FACILITIES Coliseum (19,000 seats) TYPES OF SERVICES Concessions, programs, and novelties START OF SERVICE 1975 CLIENT Riverside Convention Center 3443 Orange Street Riverside, California 92501 CONTACT Mr. George Condos 714/787-7590 FACILITIES Exhibition Hall (32,000 sq. feet) Banquet Hall (16,000 sq. feet) TYPES OF SERVICES Banquet catering and concessions START OF SERVICE 1976 • -27- 0 0 CLIENT Rockford Metro Centre 401 S. Main Street Rockford, Illinois 61101 CONTACT Mr. Douglas Logan 815/968-5600 FACILITIES Arena (10,000 seats) Exhibit Area (91,000 sq. feet) TYPES OF SERVICES Concessions (stands and vendors), programs and novelties optional START OF SERVICE 1981 CLIENT Royals Stadium One Arrowhead Drive Kansas City, Missouri 64105 CONTACT Mr. Joseph Burke Mr. John Schuerholz 816/921-8000 816/921-8000 FACILITIES Baseball Stadium (40,613 seats) TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1972 0 •28- 196�T021. �S 0 CLIENT Sacramento Community Center 1300 "K" Street Sacramento, California 95814 CONTACT Mr. Sam Burns 916/449-5291 FACILITIES Exhibit Hall with Stage ( 7,200 seats) Exhibit Hall (40,000 sq. feet) Auditorium ( 4,500 seats) Theatre ( 2,500 seats) Activities Building (10 banquet rooms) TYPES OF SERVICES Banquet catering, concessions, and meeting room services START OF SERVICE 1974 CLIENT St. Louis Arena 5700 Oakland Avenue St. Louis, Missouri 63110 CONTACT Mr. Jack Quinn 314/644-0900 FACILITIES Stadium Club (400 seats) Luxury Suites (50) TYPES OF SERVICES Concessions, restaurants, bars, catering START OF SERVICE 1984 0 4 CLIENT St. Paul Civic Center 143 Test 4th Street St. Paul, Minnesota 55102 CONTACT Ms. Marlene Anderson 612/224-7361 FACILITIES Arena (17,700 seats) Auditorium (10,000 seats) Exhibit Space (Over 100.000 sq. feet) TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1977 CLIENT Sea Life Park Makapu Point Waimanalo, Hawaii 96795 CONTACT Mr. Robert Moore 808/259-7933 FACILITES Marine Show and Viewing Tanks TYPES OF SERVICES Concessions, bars, restaurant, and catering START OF SERVICE 1975 a -30- 1 xt3 �yw sz rn7. ] ,, s fi 1- x., j5 t_I 4 CLIENT Seattle Center 305 Harrison Street Seattle, Washington 98109 CONTACT Mr. Ewen Dingwall 206/625-4227 FACILITIES Coliseum (15,000 seats) Exhibit Space (40,000 sq. feet) Arena ( 6,100 seats) Opera House ( 3,100 seats) Display Hall (37,000 seats) Playhouse ( 800 seats) Banquet Rooms ( 10 rooms) TYPES OF SERVICES Concessions, catering, and novelties START OF SERVICE 1964 CLIENT CONTACT FACILITIES TYPES OF SERVICES �# START OF SERVICE A Sodrac Park/Jefferson Park Racetracks Box 195 North Sioux City, South Dakota 57049' Mr. Iry Epstein 605/232-4321 Thoroughbred Racing Greyhound Racing Restaurant and concessions 1978 -31- �,, P 4 CLIENT Tampa Stadium Tampa Sports Authority 4201 N. Dale Mabry Hwy. Tampa, Florida 33607 CONTACT Mr. Joseph J. Zalupski 813/872-7977 FACILITIES Stadium (72,000 seats) TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1978 CLIENT Thomas and Mack Center University of Nevada, Las Vegas 4505 Maryland Parkway Las Vegas, Nevada 89154 CONTACT Mr. Dennis Finfrock 702/739-3761 FACILITIES Arena (18,500 seats) Silver Bowl Stadium (32,000 seats) TYPES OF SERVICES Concessions (stands and vendors) and catering START OF SERVICE 1983 0 4 CLIENT Tucson Community Center 260 South Church Street Tucson, Arizona 85703 CONTACT Mr. Robert J. Sullivan 602/791-4101 FACILITIES Arena ( 9,550 seats) Exhibit Hall (35,000 sq. feet) Music Hall ( 2,300 seats) Auditorium ( 575 seats) TYPES OF SERVICES Concessions, liquor service, and banquet catering START OF SERVICE 1974 CLIENT University of Washington Stadiums Tubby Craves Building Seattle, Washington 98195 CONTACT Mr. Michael Lude 206/543-5828 FACILITIES Stadium (60,000 seats) Arena ( 8,475 seats) TYPES OF SERVICES Concessions START OF SERVICE 1985 • —33— a`*s'N" P 4 CLIENT Veterans Memorial Auditorium 833 5th Avenue Des Moines, Iowa 50309 CONTACT Mr. Roger Newton 515/283-4168 FACILITIES Arena (15,000 seats) Exhibit hall (30,000 sq. feet) Total Exhibit Space (76,000 sq. feet) TYPES OF SERVICES Concessions, liquor service, banquet catering START OF SERVICE 1981 CLIENT Waimea Falls Park 59-864 Ramehameha Highway Oahu, Hawaii 96712 CONTACT Mr. Roberts Leinau 808/259-7922 FACILITIES Botanical Park and Waterfalls TYPES OF SERVICES Concessions, bars, restaurant, and catering START OF SERVICE 1979 • W34- 0- 83,071 CLIENT West Palm Beach Municipal Entertainment Center 1601 Palm Beach Lakes Blvd. West Palm Beach, Florida 33401 CONTACT Mr. Randy Carillo 305/683-6010 FACILITIES Exhibit Space (27,000 sq. ft. exhibit space) Auditorium ( 7,500 seats) Baseball Stadium ( 5.000 seats) TYPES OF SERVICES Concessions, catering, novelties START OF SERVICE 1985 CLIENT Yankee Stadium 161st and River Avenue Bronx, New York 10451 CONTACT Mr. James Naples 212/293-4300, Ext. 230 FACILITIES Baseball Stadium (60,000 seats) Luxury Suites (19) Stadium Club and Lounge (430 seats) Combo Club (125 seats) Yankee Club (125 seats) Press Dining Room (65 seats) TYPES OF SERVICES Concessions, restaurants START OF SERVICE 1964 -35- 0 a a C. MANAGEMENT PLAN - OPERATIONS Concessions Volume Services' proven systems of concession operations combines the advantages of creative merchandising with optimum stand employee efficiency to provide maximum sales and the fastest service in the industry. The faster service and higher volume of this system is proven daily at all of our locations throughout the nation. Volume Services has been awarded contracts based on our ability to provide higher sales and per -capita spending. This ability to generate the highest possible per capita sales converts into a higher net income to your facility, as witnessed by Mr. Len Zerilli, CFE, Manager of the Sacramento Community Center. "Since 1974--the opening of the Sacramento Community/Convention Center --we have had the service for food and beverage by Volume Services. Initially, our community was much concerned about having a national firm represent our Center in this phase of our operation. Although Volume Services was not the high bidder, they were chosen over other bidders, and truthfully, we have not regretted the choice. Each year they have continued to increase revenue to the City. This has been accomplished by a complete evaluation on a continuous basis of their service and products to the patrons of the Center and for each event accordingly. Although Volume Services is a national firm, we consider them a local since they have now been in our community for so long, hire locally, and purchase as much as possible from local purveyors. We expect the high degree of professionalism experienced in the past to continue into the future. Should you choose Volume Services, I am certain that they would also provide your facility with the degree of satisfaction you can be proud of." a -36- 1 ...r r. 4 ,; 5�,"w �. �> G xa� w�✓l� d -4 h z's' -� a Concessions (Continued) The principles of the Volume Services System are quite simple. Building upon the design of the food and beverage concessions, the following elements are developed: • Creative Merchandising • Quality Menus • Employee Training • Courteous Service • Operating Policies and Procedures • Accurate and Timely Reporting This combination of location specific procedures results in customer satisfaction and increased per-capitas. That is the success of the Volume Services concession system. —the most efficient ...the most productive in the industry. Our Unit Operations Manual is available for your review, however, its contents are proprietary. Upon our successful selection as your contractor, a manual specific to the Miami operations will be prepared. 0 Catering Volume Services is a full foodservice management company. Our professional management approach is used in both the concessions and catering operations. We operate catering facilities which host from five people to 13,000 for breakfasts, lunches, dinners, meetings, and receptions of all kinds. The interest, enthusiasm and flexibility for creating an individual catering package for each tenant and serving him in a "distinguished" fashion with no surprises is the foundation of our successful catering program. Volume Services has the ability to meet even the most unique catering requirements. From clam bakes to cocktail parties, we have the experience and expertise to fully handle the gamut of catering challenges. The same expertise, which we display in catering a Presidential Inaugural and employee company picnics for as many as 50,000 people is available to satisfy catering needs with the usual no surprises results. * Catering assignments will be met without disruption in the daily foodservice/concessions operations. * Any event of any size at any time for the year will be handled. -38- ". N,, Catering (Continued) * Both regularly scheduled and specially catered events will run smoothly. * The theme, menu, presentation and type of service for each event will be specifically tailored to meet the customer's objectives. * Finally, the customer can be assured of operations within a specific budget for each and every event. The net of no surprises catering is what Volume Services will provide: A superior service specifically planned to meet the client's needs. No surprises catering achieves what it does because it views each and every event as a separate foodservice situation requiring its own separate "Event Plan". Elements which go into each "Event Plan" include: * Determining the characteristics of the audience to be served: - Visitors from a foreign country? - Civic Group? - College Organitation? - Political Group? - Private Industry? A -39- 86°'1,02 t L Y . �4 r- K Catering (Continued) +� Determining the size and sake -up of the audience The number involved? �i y - Are families to be involved? * Setting the specific objectives for each event: - Avards Banquet? xk.. Presentation of the annual report? a - Executive seminar? * Setting the date and time Setting the budget? on a per -person basis? Fps - An overall figure? * Determining the type(s) of menu(s) required? ty - Several course formal dinner? Z rwfke��n Cocktails? Large Barbeque? Special "Theme" menu, decor, etc.? It's our sound planning that assures you of perfect execution, no matter what the requirements. s -40- C �Yah L: Y .. J tk Catering (Continued) By asking all these questions and getting the right answers, we will provide a superior service, which is pre -planned, flexible, imaginative and uniquely in keeping with the catering requirements at the Orange Bowl. -41- 86-.,1021 D. MANAGEMENT PLAN - MANAGEMENT AND STAFFING What follows is a detailed description of our management team planned for the facilities, our organization in the Miami area and how both will interface with the complex. Senior Management and Corporate support staffs are vital to any `1 1 business. But in a service and people oriented business the critical element is the relationship of our local management with you and with your patrons. Therefore, our focus here is on key members of our local k_ and on -site management staff. General Manager Concept Foodservice responsive to your objectives and sensitive to the customer's needs requires continuity, coordination and management J R direction. To achieve this, one individual must be responsible. With Volume Services that is the task of the General Manager. The Resident General Manager for Volume Services will be responsible for planning and directing all operational, financial and personnel activities for the foodservices at the Orange Bowl and Miami Stadium . The General Manager must comply with corporate policy and procedures to assure quality service. The Manager has the expertise and latitude to institute specific procedures for the facilities. a -42- General Manager Concept (Continued) He has the authority to make his own managerial decisions subject to the directions of the Director. The General Manager participates in setting L' his own goals and priorities in order to achieve overall service and 1;- profit levels subject to the input of our corporate office. Proposed Management Organization - Miami Stadium 1' General Manager Concept (Continued) In addition to the resident General Manager, several key staff positions are: Assistant General Manager - Supervises the operational department heads. 1 The Assistant General Manager is an operations manager responsible for administering the policies and programs of the General Manager including purchasing, training, merchandising, staffing, and cash control. .k Product Supervisor - Directs the warehouse, receiving, stocking and sanitation programs, and personnel in those areas. Reports to the Asst. Manager and is responsible for maintaining the physical plant as well as ,. all products purchased by Volume Services. Office Manager - The office manager reports to the Assistant General At Manager and is responsible for maintaining accurate accounting records for sales, costs, payroll, accounts payable, accounts receivable, perpetual inventory, event statistics, rent reports, and cash control. The office manager supervises all additional office personnel necessary `* including the Head Cashier. ,ra . There are many other regular employees, each of whom has a complete job a description; such as, Waiters, Waitresses, Concession Stand Manager, _ etc. One unique employee is the Condiment Stand Porter. a -44- 8�107 General Manager Concept (Continued) Condiment Stand Porters - Specific stand attendants will be assigned each event to saintain the condiment stands and other public areas in a sanitized and orderly fashion, fully stocked, as well as maintaining all concourse areas free from dangerous spills. This unique service is extremely important to the overall appearance and safety of your facility. All of our employees and staff are trained to provide the quickest, most courteous service to the customers while providing quality products. Our employees are well aware of the responsibilities associated with selling food and alcoholic beverages as well as strict adherence to proper sanitation practices. With our well defined job descriptions and proper training you will find the Volume Service employees a true asset to the stadiums. Volume Services is fully aware of the management requirements of the facilities. The on -site management staff will have the necessary: ° Education Skills ° Experience ° Training 0 -45- A D The on -site management team at Miami is supported by the Volume Services Eastern Area. This includes the South Eastern Regional Manager, Rob Forbes, and the Eastern Area Vice President, Craig Trimble. The complete corporate support structure can be depicted as follows: Miami Stadium General Manager South East Regional Manager Rob Forbes Eastern Area Vice President Craig Trimble Volume Services Corporate Office Barry Freilicher, President Additional support can be readily obtained by virtue of the presence of the local Canteen Regional Office in the Miami Area. • -46- y S � J I i Management Staffing This management team will be in contact with the Center on a continuing basis. Mr. Barry Freilicher - President, Volume Services. Mr. Freilicher has been with Interstate United for ten years, progressing from General Manager to Regional Manager to Senior Vice President and recently to President. His management skills encompass many areas of recreational food service such as, coliseum, arena, stadium and racetrack management. ;i Mr. Freilicher was formerly in the airport food service field. He has a -� B.S. Degree in Hotel and Restaurant Administration from Cornell .. .. University, Ithaca, New York. Mr. Craig Trimble - Eastern Area Vice President, Volume Services. Mr. Trimble has been with Canteen/Volume Services for twelve years, j progressing from Regional Controller to General Manager to Regional General Manager, and most recently to Eastern Area Vice President. In r this position, he will be responsible for all Volume Service accounts in the East. Mr. Trimble has a B.S. Degree in Accounting from Rent State University, in Rent, Ohio. Ll -47- WE, a 4 Mr. Robert Forbes - Southeast Regional Manager, Volume Services. Mr. Forbes has been with Volume Services for seven years, employed at the Riverfront Coliseum and Convention Center, both in Cincinnati and also at Royals and Chiefs Stadiums in Kansas City before becoming general manager of Baltimore Memorial Stadium in 1981. He is a graduate of Miami University of Ohio, obtaining a B.S. degree in business administration. Recently Rob was promoted to Southeast Regional Manager, his office in Orlando, Florida. Consultants Mr. William A. Cunningham - President of Coliseum Consultants, Inc. assists Volume Services as a Facility Management Consultant. Mr. Cunningham has over 23 years of experience in managing major public assembly facilities, 16 years as General Manager of the Oakland -Alameda County Coliseum (1964-1980). and previously as the Assistant Director of the Philadelphia Trade and County Civic Center from 1957 through 1964. He was President of the International Association of Auditorium Managers in 1974, and the 1977 winner of the McElravy Award, IAAM's highest honor for professional achievement. He also has been designated a "Certified Facilities Executive" (CFE) by this professional organization. He has served many communities in a consulting capacity. Mr. Cunningham holds a Bachelor of Science Degree in Education and completed three years of graduate work in Governmental Administration at the University of Pennsylvania. He also attended the Professional Auditorium Management Symposiug at the University of Illinois. -48- 8f -1021- Mr. Vince J. Pantuso President of V. J. Pantuso Services, Inc. and consultant to Volume Services, Inc. Mr. Pantuso was with Interstate United Corporation for over ten years, most recently serving as President of Volume Services. Twenty of his 25 years in the food service industry have been spent in the sports and recreational facilities area. He holds a B.S. degree in Business Administration from St. Joseph's College in Philadelphia and attended graduate school at Drexel University in Pennsylvania. He is a member of the Board of Directors of the National Association of Concessionaires and is listed in Marquis Who's Who In America. ;N 41 -49- 86r"JL021 F Y � j �yk e - n , a a E. CAPITAL IMPROVEMENT PLAN Volume Services proposes to expend a sum up to five hundred seventy-five thousand dollars ($575,000) at the Orange Bowl and Miami Baseball Stadiums. This investment will be used for operating equipment and leasehold improvements throughout the concession areas. A preliminary outline of how these funds may be expended is below: Orange Bowl Full Service Concessions - upgrade and equip all locations including a grill/fry menu capability. Illuminated Menu Boards, graphics package to include neon and canopies - All locations $260,000 Beer Stands - Upgrade utilities and equip all beer rooms, add graphics and menu boards. Purchase beer portables $52,000 Vendor Commissaries 6 Support - Improve layout and equip all commissaries, provide distribution equipment, storage facilities, etc. $143,000 Office b Cash Room - Provide equipment, as necessary, safe, alarm system and telephones. $20,000 • -50- \ 6.JL02 4 t Capital Improvements (Continued) Miami Baseball Stadium n Concession Areas - Upgrade and fully equip all permanent locations, establish one vendor commissary, Menu Boards, directional graphics and neon. $100,000 Total - $575,000 In the event Volume Services, Inc. would not be granted the additional five year option period, book value protection is required for the remaining asset balance of these improvements at the end of the contract, 10-year straight line depreciation, from the date of purchase will be employed to determine the net book value. • -51- 86 1021 4 4 F. FINANCIAL CONTROLS AND ACCOUNTING We utilize a full range of electronic data processing equipment, accounting systems, and security methods to insure the integrity and accurate reporting of operational results. At the operational level, we employ retail accountability and inventory controls, yield analysis, independent customer shopping, and per capita analysis to monitor the cash receipts and product control of each facet of our operations. The basic control of cash is recorded each step of the way from the customer to the bank with several checks and balances built into the system along the way. A perpetual inventory of each item to be distributed to .the outlets is kept in the commissary. Upon receiving the orders for an event, the product supervisor deducts each item from the perpetual inventory and distributes it to the individual outlets. At the concession stanA a complete opening inventory is made by the Stand Manager, and the initial bank counted and entered by the Assistant Manager. s -52- 86OW JL021 t: : FINANCIAL CONTROLS AND ACCOUNTING (Continued) At the close of the event, another complete inventory of everything --cups, hot dogs, candy, etc. --is taken and entered against the opening inventory. The calculations give exactly the number of items sold. The money is counted and entered against the total inventory consumed. A cash flow sheet pinpoints the accuracy of each cashier. Our books are open to your inspection and audit at any time. As you can see from our accounting controls we will provide you with a detailed audit trail of individual items and locations, not merely a conglomeration of total sales. On a daily basis, the previous day's receipts are deposited in a separate bank account maintained at a local bank. We will furnish you with a daily report following each day's operation, detailing sales by outlet and product category. Our fiscal year is divided into four quarters, each consisting of one five -week and two four -week periods. Following each four or five -week accounting period, you will receive a detailed summary indicating a total sales analysis for the period. Commission payments to the City will be made the 15th day after each period closing. In every facility where Volume Services operates, there are unique accounting and reporting systems to be used based on particular contract specifications for that facility. 0 -53- eE-�.o�1 FINANCIAL CONTROLS AND ACCOUNTING (Continued) Our resident manager will work closely with you to establish a reasonable accounting and reporting system to fit in with your operation. Where possible the cash register requirement will be met. Our sales and operating records and accounting methods may be audited by your representative at any time. Our own internal audit staff conducts unannounced audits of each of our accounts on a continuing basis. • -54- 8E 1021 G. EMPLOYEE GROWTH AND DEVELOPMENT Volume Services approach to employee development is to provide an organization of foodservice professionals to properly serve our custosiers and assist all of our clients in meeting their foodservice objectives. We accomplish this through programs for educating management, supervisors and hourly employees in people skills, foodservice skills and management skills. These programs are all based on an enlightened personnel philosophy that recognized individuals and their career growth objectives. Training and Development This Canteen department supports our field organization's efforts in developing management personnel. It supplies results -oriented training services which help bridge the gap between advanced foodservice management theory and proven on-the-job practice. The department publishes an annual catalogue of courses and seminars offered. A study of the curriculum will reveal that Canteen Corporation and its subsidiaries responded to the challenges facing foodservice managers in an age of rapid change. Seminars and Workshops cover such topics as leadership skills, time management techniques and better personnel selection. s -55- 86�1021 i t Training and Development (Continued) i In addition, we utilize proprietary training programs from outside sources to further enhance the perception, skills and performance of our people. A copy of the Table of Contents is included. Hourly Employee Development a It is Volume Services' objective that our employees be efficient, courteous and professional. They must possess the necessary skill level training not only to perform tasks properly but to understand the purpose for all procedures. Volume Services Employee Development Program includes all of the following elements: Individual.Job Descriptions...A separate and complete job description is written for each job and is reviewed with each employee. It includes information such as: basic qualifications, pay scale and benefits, responsibilities, and criteria for evaluation and advancement. * Show and Tell Training... Volume Services uses the Show and Tell Technique. In new accounts, the managers opening team members and senior employees will walk all operations personnel through their assignments. This procedure assures the supervisor that each employee completely understands the Individual job requirements. e -56- 86�1-021 r,f T,kaining and Developmel, Catalog Q/INTtEN ' �■� r.M.r... Tab!e of Contents We have kept this training catalog flexible. As programs are added or revised, a new table of contents page will be sent to you for inclusion in this catalog. How oo Schedule a Seminar I reumbdon Series The Principles of Foodservice 1 Management Feld Seminar The Principles of Foodservice 2 Management (for Upper and Middle Management) The Canteen Personnel Development 3 Seminar The Management and Administration 4 of the Canteen Personnel Process Seminar The Labor Relations Management 5 Systems Workshop Specialised Personnel Series for Managers: Recruiting for Canteen 7 Canteen Selection Interviewing 8 How to Orient Employees to Canteen 9 and the Industry Boomerang: Canteen Management 10 Training in Equal Employment Opportunity Making Canteen Performance Reviews 11 Productive Basic Management and Supervisory Skills: Productive Leadership for 12 Canteen Managers Planning for Performance 13 Time Management 14 Performance Management: Preparing 15 Foodservice Supervisors and Manages for Handling Critical Supervisory Situations Pattern of the High Performing 17 Foodservice Manager (Coal Setting with Subo foinates) Managing Part -Time Foodservice Employee% 18 Advanced Management or Supervisory 31011Series: Creative Profit Improvement 19 Coaching and Motivating Foodservice 20 Personnel Executive Development Series: Management in Depth —Managerial 21 Manpower Planning Foodservice Presentations That Work 22 Conducting a Meeting Workshop 24 (How to Hold Effective Meetings) Foodservice Problem Solving 25 for Key Results Marketing and Sales Development Series: Systema Program (Interpersonal 27 Communications) Canteen Marketing Corporate 2S Overview Program Canteen Foodservice Marketing 29 Seminar Special Workshops/Programs: Stress Reduction .110 Japanese Style Management in 31 American Business During the 1980%. and Beyond; A New Approach to Customer Satisfaction, Quality of Service and Pioductivity Canteen Quality Service Improvenivni '12 Team Administrator's Workshop Canteen Quality Service Impruvemem :1:1 Teams Leader training Workshop Canteen Quality Service Improveniviit :t•t Team Member Training Tuition Reim biirsemviit ( For Full -Time 35 Salaried People) MOW ee-102-1 y.l a j i - Bourly Employee Development (Continued) Training aids used in this process are Books I and II of Canteen's j Quality Food Service Program which demonstrate graphically ICanteen's procedures for: I - correct production methods ; - exciting counter display and merchandising serving the customer }' Additional training tools include: u� �J - Canteen Recipe Files - Canteen's Evaluation of Food Service Standards - Canteen's Sanitation Checklist - Canteen's Safety Checklist - Canteen's Cold Food and Dessert Picture Guidelines - Cashier Training Manual * Pre -Service Briefings... Before every serving period our food service managers conduct a pre -service briefing. Menu items and how they have been prepared and bow they should be served are reviewed and demonstrated. Panning, garnishing. plating and counter presentation are all covered. Each day different employees are asked to participate in conducting this review. a -57- 86. 1021 414 A Hourly Employment Development (Continued) This procedure accomplishes two things. It ensures that the foodservice Is properly staffed, and that it In merchandised as planned by the manager. Most importantly it provides daily training in good foodservice practices and Volume Services' standards of service. This results in the development of a cadre of skilled and knowledgeable professionals. * Regular Personnel Review and Evaluation... Each General ?tanager and his staff will regularly sit down with each employee and review and evaluate individual performance. Training Centers Canteen operates 17 National Training Centers across North America. These Training Centers provide a unique way to offer education and job skill development in an authentic real world environment -- something that's often missing in education. The Centers are actual client facilities where Canteen is the foodservice contractor. They are selected because of their location, and their adaptability to a full range of programs. C -56- 86-'1021 Training Centers (Continued) New managers, key production personnel. and other appropriate Individuals are sent to Training Centers for training and orientation to Canteen systems and programs. Poodservice subjects covered include: * Preparation * Merchandising * Customer Service * Sanitation and Safety * Recipe Use * Financial Administration * Ordering and Receiving * And a host of others The Training Center program is thorough. and prepares the employee to implement our systems. Each Training Center is evaluated a minimum of once per calendar quarter by a member of the corporate staff. In addition to the National Centers, there are 55 District Training Centers where training in standards and procedures is provided at a more local level. C -59- 967*-1021 L Specifically designed for our Volume Services operations are a number of multi -media presentations and other training materials, including: A. Fourteen Bilingual Slide and Audio Tapes Cover food service skills, alcoholic beverage responsibilities and sanitation practices, filmed at actual Volume Services locations. B. Study Guides and Tests - Used to reinforce learning. C. Handbooks and Orientation Guides - for employee reference during their employment. D. Posters - Highlighting job skills throughout the work place to reinforce training. E. Certification - For graduates of the training program, Including public recognition of the employees and monetary incentives. The certification program has been so successful that our developer has prepared an adaptation for the National Association of Concessionaires for their professional development series. s 40- 86. 021 R. CORPORATE SUPPORT SERVICES AND UNIQUE PROGRAMS Throughout this submittal ve have made reference to the many corporate resources available to Volume Services We also presented a number of unique, proprietary programs that may be incorporated into the foodservice operations at the Center. For your review a brief description of the following services and unique programs is presented: ° International Foodservice Council ° Facilities Design Division ° Purchasing Department ° Menu Development ° Canteen's Quality Foodservice Program ° Health Fare ° By the Ounce ° Quality Beverage Program ° Colombian Coffee Program Automated Menu Management System • -61- --------- -- t International Food Service Council This important council is made up of senior executives. marketing experts, food service managers and district managers. Members selected for this prestigious group have demonstrated creativity, vision and enterpreneurial style in developing new ideas, concepts and programs in foodservice in the areas of: * merchandising * presentation * preparation * promotions The Council meets quarterly in different operations across the country. At each of these meetings specific programs and recommendations are presented to enhance service to our customers. The exchange of ideas and information results in program improvements and exciting new concepts which keep our service fresh and innovative on a continuing basis. s -62- 4 Facilities Design Canteen's Facilities Planning staff is made up of professional foodservice designers. interior designers and engineers with the knowledge, experience and creativity to satisfy all of the design needs of our customers irrespective of the size of the operation. Whether designing an existing facility, or starting from scratch on a new one, each project blends front -of -the -house aesthetics with back -of -the -house efficiency. The Facilities Design functions in support of operations personnel and are called upon to provide services to our clients including: s * kitchen and dining room design and layout * equipment configurations * traffic flow and space planning * decor options * foodservice equipment specifications * furniture selection * problem solving * modular planning -b3- 86 -1021 I Purchasing Volume Services purchasing program begins with the department's development of standards. These are quality levels to which all operations must adhere whether purchasing food, small wares, or capital equipment. The purchasing staff selects approved suppliers based on standards of quality, service and price. In order to meet the needs of our network of operations, these approved supplier lists include national, regional and local purveyors which meet Volume Services standards and who will provide performance, responsiveness and quality products to our clients. With standards set and suppliers identified, the purchasing function takes several direction. First, contracts are negotiated for commodities that are most appropriately and effectively purchased on national agreements. Fountain syrups, canned goods, coffee, groceries, confections, foodservice equipment, fleet vehicles, etc. are items we contract for nationally, and the price is guaranteed to all our units. At the regional and local level an effective purchasing program is also In place. Based upon the needs of the market we serve, the General Manager and his staff evaluate local suppliers and entertain competitive bids from those purveyors who meet our standards. The bidding process Is administered under corporate guidelines to ensure that sound business decisions are made. � 861021 With a large number of accounts in each of our Regional Areas, a Canteen/Volume Services is able to combine the needs of all our customers and make volume purchases that give us great purchasing leverage. The discounts we effect are your discounts because we pass on all trade and product discounts to our clients. ' We want to emphasize that we do not use our commissaries or warehouses as profit centers; these are support functions. There is no "u " P pp "up -charge" for products supplied to individual clients, so the money saved by 1� combining volume is money we save for you. Our purchasing people are vigilant to ensure that contract terms for all our operations are honored by suppliers. We continually renegotiate z: contracts to more favorable terms as major new accounts are acquired, or i� as the market changes to provide more attractive prices. Beyond the basic purchases (foodstuffs, fresh and frozen products, meats, poultry, etc.) there is another area where our programs can result in substantial savings. Canteen is an authorized distributor of all major lines from amallwares and appliances to institutional equipment. s -65- 1-2: 1 Our Discounts Are Your Discounts (Continued) We are able to purchase for our clients at Canteen's national price. There in no mark-up; our discount becomes your discount. So when you remodel or need to replace equipment, wares, china, etc., Volume Services saves you money. Our purchasing organization is sophisticated, professional and effective. it is also flexible and capable of adjusting to a clients unique needs or a client -preferred supplier. The ultimate benefits accrue to you and to each of the clients we serve. Lf Menu and Recipe Development Developing an exciting, quality -oriented menu is not a simple task. It ti knowledge of requIres complex technical functions and a thorough foodservice production. It also requires a great deal of imagination, skill and creativity. The keystone in this process is the recipe, and we develop recipes in a variety of ways: 0 Executive chefs, working in a development kitchen atmosphere, develop new recipe items. -66- 86. 021L Menu and Recipe Development (Continued) * our own chefs and cooks have provided recipes for many dishes. * Suppliers furnish recipes and information on how to use them. * Operations personnel are charged with the responsibility to seek new items when visiting restaurants and dining establishments. * Employee recipe contests are conducted twice annually. With recipes available from a variety of sources, our challenge is to refine them for the clients we serve, adjust them for regional tastes, yr and adapt them to volume foodservice production. Using our test kitchens, Volume Services chefs work with each recipe until the finished item is just right. Then final tests are performed. Each new item is prepared in a customer environment and tasted by a panel of foodservice experts from Volume i Services. If the menu item is well received, it is then taste tested by customers in our Training Centers. r 0 -b7- IG.* 1 21L 1.0 Menu and Recipe Development (Continued) Only after passing all these tests are new dished introduced into the menu. This constant menu enhancement brings new food items to our accounts on a continuing basis. From recipe development, to testing and final adoption, our program is a blend of technical know-how, entrepreneurial flair and market savvy. Canteen's Quality Food Service Program Our consistently good tasting and attractively merchandised food is the result of a program of planning and management. The foundation of this program includes manuals and systems which cover Canteen's standards for every conceivable operational procedure. The major elements are Included in the following pages. * Purchasing Standards ... To insure consistent high quality in the food we serve all foods are purchased according to specifications and standards. You will not find higher quality standards anywhere in the foodservice industry. -68- 8`102. r .j V } s � 40" * Pre -Tested Recipes ... Each item in recipe file has been tested by our corporated recipe development people. a taste panel, and in actual field unit to determine the item's popularity and any regional variations required. The recipe file provides information on ingredient quantities required for various numbers of servings. * Pre-costed Cycle Menus ... Our menus are pre -coated on a continuing basis to assure attainment of forecasted goals. Pre -costing tells the manager and client the cost of each menu item before being served, and it works because of adherence to standardized recipes. * Daily Production Records... Managers keep daily production records on all items served. These records include three important statistics: a - Row many of each individual item were prepared. - Row many were purchased. - Over Production. -69- t :t X. tft z;: , r ON 40� Daily Production Records track other factors which may have influenced each day's sales (i.e., climatic conditions, attendance, schedule, etc.,). By constantly comparing servings produced to servings sold, your unit manager will be able to make sure that we always produce the correct amount. * Portion Control ... Each counter attendant is instructed as part of the pre -service briefing as to the: - Proper serving utensils - Correct dish - Correct portion * Inventory Control... The "Ordering/Receiving Inventory Control" book includes forms and procedures for even required item. * Visual Panning and Plating Guides... All salads. fruit plates, entrees, cold sandwiches and desserts on Volume Services menus • are photograph and numbered to coincide with recipe cards. When employees prepare a menu they have a recipe to follow and a guide which shows exactly how that product should appear when presented for sale. •70- 86. 1021 Canteen's Quality Food Service Program (Continued) * Counter Merchandising Guide ... A variety of counter merchandising techniques has been developed for each point of service. e.g. Sandwich, Entree. Salad. Breakfast and Dessert stations. Photographs of these include step-by-step approaches to counter set-up merchandising. Health Fare Health Fare is a nutrition awareness program which uses a variety of methods to communicate information on nutrition and good eating habits to our customers. Information is provided on the various food groups, which essential elements of our diet are provided by each, and how they relate to one another. An extensive series of monthly bulletins covers topics after that initial exposure: * Weight reduction * Sodium * Weight maintenance * Thiamin, niacin and * Sensational or fad diets * B complex vitamins * Exercise and fitness * Vitamin C * Fat and cholesterol * Protein and iron * Fiber a -71- 8t-k1021 (11 A series of "Health Fare Trivia" table tents covers valuable and Important information through the use of interesting questions and answers. Countertop placards and handout flyers treat a variety of nutrition topics in language and format that sakes them easy to understand. Vest-pocket sized calorie counters are provided so interested customers can monitor their individual caloric intake. Each day our menus suggest health fare selections that receive special emphasis on our menu boards. Our menus and recipes emphasize healthy menu items, ingredients and cooking procedures such as: * Fresh vegetable ingredients * Fewer high -cholesterol Items * Broiled and baked items * More seafood, chicken, lamb and veal * Introduction of more roughage * Whole grain breads * De -emphasis on salt * Low calorie dressings * Pasta salads s -72- 86am . 1021 'N "1 By -The -Ounce Canteen pioneered By -The -Ounce merchandising in the corporate dining service market. This program sleminates the Lake -it -or -leave -it, pre -plated, portion sites and combinations of foods. Hearty eaters, light eaters and those on restricted diets enjoy it. The program includes: * Entrees * Finger foods * Vegetables * Fruit and cheese bars * Ethnic specialties * Contemporary fun -food * Desserts By -the -Ounce increases participation, check averages, and service efficiency. It also reduces fixed -labor costs and that's attractive to everyone: client, customer and Canteen. a -73- 6 I Canteen's Colombian Coffee Program Colombian coffee is recognized as the gold standard of coffees throughout the world. It is the premium coffee served in the finest restaurants and hotels. Canteen has launched a quality coffee program in all our dining rooms and operations featuring 1002 Colombian coffee. The program includes quality control, brewing instruction and training of on -site personnel by experts on coffee brewing techniques. It assures proper preparation of a perfect cup of coffee every time. He have an on -going inspection program in place to make sure that brewing standards are maintained in conformance with the Colombian Coffee Federation standards. Our 1007, Colombian Coffee program is supported by merchandising and point -of -sale programs designed to increase our customers' awareness of the premium coffee we serve. 0, -74- 86. JL021L Canteen's Automated Menu Management System (CAHMS) Canteen bas developed a sophisticated computer Menu Management System. The heart of CAMRS is a system that provides: Pre -costing of recipes and portions Kitchen production recipes for exact quantity required Menu pre -costing and adjustment Customer -count forecasting Food iter. bid/purchase cost quotations Forecast orders by vendor Maintenance of back-up files/records for existing Food Service Menu Management System. This system eleminates or greatly reduces waste and over production, reduces the need for excess inventory, and presents concise cost/benefit criteria for purchasing action. Since the program can be updated easily, flexibility in menu planning and custom designing of menus for specific client requirements can be quickly achieved. 0 -75- 86-1021 f DECLARATION DOCUMENT NO. 1 TO: Cesar M. Odic City Manager City of Miami, Florida Submitted this =_ day of December 1986 The undersigned, as PROPOSER, declares that the only persons interested in this PROPOSAL are named herein, that no other person has any interest in this PROPOSAL or in the CONTRACT to which this PROPOSAL pertains, that this PROPOSAL is made wit`lout connection or arrangement with any other person and that this PROPOSAL is in every respect fair, and made in good faith, without collusion or fraud. 14• The PROPOSER further declares that he has complied in every respect with all the Instructions to Proposers issued prior to the opening of PROPOSALS, and that he has satisfied himself fully relative to all matters and conditions with respect to the general condition of the CONTRACT to which the PROPOSAL pertains. 1. F The PROPOSER agrees, if this PROPOSAL is accepted, to execute an appropriate City of Miami drafted CONTRACT for the purpose of establishing a formal contractual relationship between him, and ti the City of Miami, Florida, for the performance of all d.._: requirements to which the PROPOSAL pertains. Each PROPOSAL shall be accompanied by a Proposal Security w^iich shall be a Certified Check or a Bond, and shall be in the ameunt of $25,000.0O (Twenty -Five Thousand Dollars). The City of Miami v, reserves the right to reject any and all security tendered to the CITY because of any irregularities. Certified checks will be returned to all PROPOSERS within ten (10) days after the City of Miami and the accepted proposer has executed the written :.Y CONTRACT. The PROPOSER states that the PROPOSAL is based upon the Proposal documents listed by the number as follows: a 16 - 8671021 9 0 Declaration/Document No. 1 (continued) I. Declaration of Proposal 2. Proposal Form 3. Proposer Qualification Questionnaire (and attachments) 4. Insurance Stipulations and Statement S. Minority Classification and Participation Form 6. Firdt Source Hiring Compliance Clause 7. Financial Statement 8. Proposal Security 9. Attachements • - 17 - orporation/ artnership GNATURE Barry Freilicher PRINT NAME President TITLE — IF CORPORATION (President, if Corpora- tion Authorized Genl. if Partnership) 8E�021 6 CITY OF MIAMI P R O P O S A L Document No. 2 For the right to operate the authorized Food and Beverage * Concessions' and Novelty Concessions approved in-Z—riting by the DIRECTOR in he City of Miami TADIUMS for a ve-year period per the oregoing specificationsq the undersigned agrees to pay the City of Miami: A guaranteed annual payment of $ 200,000 (Not Less Than $200,000) against 42.1 (%) of all gross receipts (Excluding Tobacco Sales) 10.0 W of all tobacco sales *Please see alternative proposals attached The CITY will accept proposals only on the above format. No other proposals will be considered. SUBMITTED 8Y: PROPOSER: Volum Services Inc. SIGNED: ADDRESS • 120 S. Riverside Plaza CITY/STATE/ZIP: Chicago, IL 60606 TELEPHONE NUMBER: (312) 930-2300 Addendum No. 2/replaces original page 18 page l8 (revised) S6am .1021 y �a Section 5/Document No. 3 PROPOSERS QUALIFICATION QUESTIONNAIRE FOR FOOD, BEVERAGE, AND AUTHORIZED NOVELTY CONCESSIONS AT TWO CITY OF MIAMI STADIUMS INSTRUCTIONS: PROPOSER must present evidence that he is fully competent and has the necessary facilities, experience and pecuniary resources to fulfill the conditions of the Concession CONTRACT. To provide the CITY with information on these points, PROPOSER must submit, as part of his PROPOSAL, information stipulated in this questionnaire. EXPERIENCE: The PROPOSER submitting this proposal warrants that the individual, firm, partnership, or corporation or its parent company making application, has been in continuous existence for • a period of two years and has been active and in good standing with the Secre ary of State, Corporations Division, for this period. WITNESSES: 0 - 19 PROPOSER: (If Sole Proprietor or Partnership) Name: N/A By: SEAL TITLE Sole Proprietor/Gen . Partner) PROPOSER: (If Corporation) Nami By: Atte (CORPORATE SEAL) 86r1021 ti Principal Office Address: Official Representative: Individual Partnership (Circle One) Corporation If a Corporation, answer this: Then Incorporated: In What State: Resident Agent Address of Resident Agent: If Foreign: UaMe-­oT Registration with Florida Secretary of State Name of Resident Agent: Address of Resident Agent: President's Name: Vice -President's Name: Treasurer's Name: Members of Board of Directors: u 20 - 120 S. Riverside Plaza Chicago, IL 60606 David R. Scoco 6/14/73 Delaware The Corporation Trust Co. 1209 Orange Street Wilmington, DE 19801 10/3/84 CT Corporation 8751 W. Broward Blvd. Plantation, Florida 33324 Barry Freilicher Christopher Bigelow, Craig Trimble R. Skadow Section 5/Document #3 �1021 4 i QUESTIONNAIRE (Continued) If a Partnership, answer this: N/A Date of organization: General or Limited Partnership: Name and Address of Each Partner: NAME ADDRESS NIA 1. Number of years of experience the PROPOSER making the proposal has had in the operation of similar business: twenty-five 2. Give the names and locations of places at which PROPOSER has p' operated similar business, together with the dates of Y operation: P� Type of Operation Name Location Dates r (a) Please see attached section x (b) B - Client list. Volume Services (c) will provide copies of selected (d) contracts upon notification of (e) selection as the highest and best proposer "` PROPOSER shall submit copies of each contract listed above. f .�` Section 5/Document No. 3 - 21 - 861 :1021 QUESTIONNAIRE (Continued) 3. List below the names and addresses of PROPOSER's landlords for the operation listed in Item 2: Operation Landlord Address (a) Please see section B (b) (c) (d) (e) 4. List those City of Miami or Dade County agencies or private facilities with which the PROPOSER had and contracts or agreements during the past three (3) years: (a) None (b) (c) 5. State approximately the largest gross receipts PROPOSER has realized from the operation of the above mentioned facilities at any one place in one (1) year. $ 14,000.nnn Year: IqRr� Location 6. Have any similar leases or agreements held by PROPOSER for the operation of concession similar to the proposed concession ever been cancelled? YES ( ) NO (g ) If yes, give details on a separate sheet. 7. Bank References: B_ ADDRESS Barnett Bank - Timothy McGuire P. 0. Box 2340 Jacksonville, Fl 32203 Continental Illinois - Robert Curley 231 S. LaSalle Chicago, IL 60697 • Section 5/Document #3 -22- 8f -IL021 QUESTIONNAIRE (Continued) 8. Attach a Balance Sheet and Statement of Profit and Loss of !, the PROPOSER for the preceding calendar year, certified by either an appropriate Corporate Officer or an independent Certified Public Accountant. 9. References: Give three references as to experience and ability: 1. Mr. J. Zalupski Tampa Stadium 2. Mr. J. Holmes Arkansas State Fair 3. Ms. Marlene Anderson St. Paul Civic Center PROPOSER shall attach letter from each reference listed above. 10. Have you carefully inspected the STADIUMS? Yes ( x ) No ( ) 11. Persons or persons interested in this Proposal and Qualification Form (have) x (have not) been convicted by a Federal, State, County, or Municipal Court of any violation of law, other than traffic violations. To include stockholders owning over ten percent (10%) interest. (Strike out inappropiate words) Explain any convictions: None 12. Lawsuits (any) pending or completed involving the corporation, partnership or other person submitting a proposal: A. List all pending lawsuits: None B. List all judgments from lawsuits in the last five (5) years: 0 Section 5/Document #3 - 23 - 5 QUESTIONNAIRE (continued) C. Have the judgments listed in "B" been fully paid and satisfied? N/A 9 D. Are the judgments listed in "B" and "C" currently being appealed? N/A The PROPOSER understands that information contained in this Qualification Form is to be relied upon by the CITY in awarding the CONTRACT and such information is warranted by the PROPOSER to be true. The undersigned PROPOSER agrees to furnish such additional information, prior to acceptance of any proposal, relating to the qualifications of the PROPOSER, as may be required by the City of Miami. WITNESSES: WITNESSES: ATTE PT: .. . 0 - 24 - If Individual: Signature Print Name If Partnership: Print Name of Firm Address By: General Partner Print Name If Corporation: Volume Services, Inc. Print1. 1..... u. v 1 V V• �. 120 S. Riverside Plaza, Chicago, IL �dres By: Pr dent (CORPORATE SEAL) 6060 QE-1021. r SECTION 5 - DOCUMENT NO. 4 INSURANCE STIPULATIONS AND STATEMENT A. GENERAL: 1. CONCESSIONAIRE will not be permitted to begin operations unless they have obtained insurance coverage as specified below. PROPOSER should review these requirements carefully, as no modification of the requirements will be made after conclusion of the proposal process. 2. All required liability insurance policies shall be written on an occurence basis unless otherwise specified. 3. Additional Insured CONCESSIONAIRE is required to name the City of Miami as as Additional Insured on their policy or policies, and it shall be stated that "these coverages are primary to all other coverages the CITY possesses for this CONTRACT only." 4. Company Ratings All insurance policies required must be written by a company or companies rated at least "A" as to management and at least "Class V" as to financial strength in the latest edition of the Best's Insurance Guide, published by Alfred M. Best Co., Inc., Ambest Rd., Oldwick, N.J., 08858 5. Certificate The CONCESSIONAIRE will furnish a Certicate of Insurance, or other evidence of coverage to the CITY clearly indicating conformance with these requirements. Certificates should be forwarded to: City of Miami Finance Department/RISK MANAGEMENT DIVISION 65 S.W. 1st Street Miami, Florida 33130 6. Evidence of coverage shall be submitted to the CITY within five (5) days receipt of notice from the CITY. Any questions pertaining to insurance requirements should be directed to the Risk Management Division at the above address, or telephone 579-6058. B. COVERAGE REQUIRED The following coverage shall be provided: 1. Liability: The CONCESSIONAIRE shall obtain and maintain in force for the length of the agreement Comprehensive General Liability Insurance Coverage, or its equivalent least a combined single limit Of $1 000 000 t' with at g per occurrence '- for bodily injury and property damage liability. 25 IS SECTION 5/1DOCUMENT •4: INSURANCE (continued) In addition to Premises/Operations Coverage,the following extensions of liability coverage shall be included in the required policies: INSURANCE TYPE LIABILITY LIMITS Products and Completed Operations 10000,000 Contractual Liability 110009000 Independent Contractors 190009000 Broad Form Property Damage 1,000,000 Personal Injury 1,0008000 Elevator 1,0001000 Liquor Liability shall be provided. 2.Contractual Indemnification: CONCESSIONAIRE shall covenant and agree that it shall indemnify, hold harmless, and defend the CITY from and against any and all claims, suits, action, damages or causes of action arising during the term of the agreement for any personal injury, loss of life, or damage to property sustained in or about the concession areas, by reasons of or as a result of the CONCESSIONAIRE's operations and from and against any orders, judgments or decrees which many be entered thereon, and from and against all cost, attorney's fees, expenses and liabilities incurred in an about the defense of any such claim and the investigation thereof. 3.Automotive Liability CONCESSIONAIRE shall obtain and maintain in fore for the length of the CONTRACT liability insurance coverage, covering all owned, non -owned, and hired vehicles used in connection with WORK arising out of the CONTRACT. Coverage shall be written with at least a combined single limit of $300,000 per occurrence for Bodily Injury and Property Damage. 4-Workers' Compensation CONCESSIONAIRE shall obtain and maintain in force, during the life of the agreement, Workers Compensation insurance as required by Chapter 440, Florida Statutes. S.Cancellation The policy or policies of insurance required shall be written in a manner such that the policy or policies may not be cancelled or materially changed without 30 days advance written notice to the City of Miami. Written notice shall be sent to the Risk Management Division/Department of Finance at the above address. [7 - 26 - 86- 021 3 SECTION 5/DOCUMENT #4: INSURANCE (continued) Note: When using the "Accord" form of Insurance Certificate, the following must be deleted from the "Cancellation" clause: "endeavor to" and "but failure to mail such notice shall impose no obligation or liability of any kind upon the company, its agents or representatives." PROPOSER AND INSURANCE AGENT STATEMENT: We, the undersigned, have read and understand the Insurance Requirements of these specifications and acknowledge that evidence of insurability will be required within five (5) days of receipt of notice from the CITY. Volume Services, Inc. *Please see attached sheet PROPOSER INSURANCE AGENCY SIGNATURE OF ROPOSER SIGNATURE OF FLORIDA RESIDENT AGENT NAME AND LOCATION OF AGENCY L - 27 - SIGNATURE OF PROPOSER'S AGENT Agent's Error and Omissions Pilicy: Company Policy Number Amount of Coverage Expiration Date n 86-1021 U ,_ INSURANCE STIPULATIONS & STATEMENT (See Attached) V E, THE UNDERSIQNED, HAVE READ AMID UNDERSTAND THE INSURANCE REQUIREMENTS OF THESE SPECIFICATIONS AND ACR30WLEDGE THAT EVIDENCE OF INSURABILITY WILL BE REQUIRED WI= FIVE (5) DAYS OF RECEIPT OF NOTICE FROM THE CITY. Volume Services, Inc. PROPOS SIGKAT'u PROPOSER i Joseph A. Grillo I QC-►TLRE OF FLOIUDA RESIDENT AGED 1 Fred S. James 6 Co. of Florida, Inc. Ft. Lauderdale. Florida 33394 N%%E XC) LOCATION OF AGENCY Fred S. James & Co. of Illinois Chicaao. IL 60606 INSURiLNU AGENCY �'�x Richard J. Lietz GRATUR? 1 OF PROP?SER' S AG=1 AGENT'S ERROR AND OMISSIONS POLICY: Yarmuth Insurance, LTD. OONIP: %Ny Renewal of P1006 POLICY NU-MER $5,000,000 AMDLN''T OF COVERAGE January 1, 1968 E?TIRATION DATE 8%-1021 SECTION 5 — Document No. 5 MINORITY CLASSIFICATION AND PARTICIPATION INFORMATION AND ACKNOWLEDGEMENT 1. Indicate CLASSIFICATION of Business Enterprise (PROPOSER): E ] BLACK E ] HISPANIC E ] WOMAN E ] OTHER 2. Detail MINORITY/FEMALE PARTICIPATION within your firm or as it may apply to this proposal, if awarded: Please see Exhibit 2 A. JOINT VENTURE:Provide information regarding Minority/Female firm(s) participating as such and the extent of participation ..% of Dollar Firm Name Business Address Proposal Amount B. SUBCONTRACTORS: Provide information regarding Minority/Female firms that will be subcontractors for this proposal, and their extent of the work % of Dollar Firm Name Business Address Proposal Amount a C. SUPPLIERS:Provide detail regarding Minority/Female Firms that will Supply you with goods or services, and the extent 3 % of Dollar r Firm Name Business Address Proposal Amount �s y D. AFFIRMATIVE ACTION PROGRAM 3 If existing, Date Implementegetail of program must be attached' If planned, Date of Proposed Implementation: The undersigned PROPOSER acknowledges that it has received a copy of Ordinance No. 10062, the Minority and Women Procurement Ordinance of the City of Miami, and agrees to comply with all applicable substantive and procedural provisions therein, including any amendments thereto. 1 PROPOSER; Volume ervices, ne. s SIGNATURE:$ • 28 - 86-1021 ^t- . ILL 17 r N Section 5 - Document No. 6 FIRST SOURCE HIRING AGREEMENT COMPLIANCE CLAUSE PROPOSER acknowledges that it has been furnished a copy of City of Miami Ordinance No. 10032, the First Source Hiring Ordinance attached herein as composite Exhibit C. The First Source Hiring Agreement policy requires that as a condition precedent to entering into this CONTRACT when such project is of a nature that creates new jobs, a First Source Hiring Agreement be negotiated between the CONCESSIONAIRE and the CITY's authorized representative, if so applicable. CONCESSIONAIRE shall comply with applicable provisions of Ordinance No. 10032, including any amendments thereto. 0 -29- Signature Volume Services, Inc. PROPOSER ** ALTERNATIVE PROPOSAL ** As an alternative proposal for your consideration, Volume Services, Inc. presents the following: Volume Services, Inc. will offer a first year Minimum Annual Guarantee of five hundred thousand dollars ($500,000). Guaranteed Annual Payments in year 2 and successive years will be at eighty- five per cent (85%) of the previous year's earned commission rent or two hundred thousand dollars ($200,000), whichever is greater. This proposal is subject to a mutually agreed upon option for the additional five-year period and an annual schedule of events to include as a minimum: 5 - University of Miami Varsity Football Games 1 - Orange Bowl Classic 1 - Major League Exhibition Schedule Under this alternative, the investment will remain an amount up to at five hundred seventy-five thousand dollars ($575,000) with book value protection, in the event the second five years are not granted. Percentage rental rates will be 42.1% of all gross receipts excluding tobacco. A 10.0% rate will be applied to tobacco product. 8E-1021 Y_ b¥-�k FIA CERTIFICATE OF ASSISTANT SECRETARY OF VOLUME SERVICES, INC. The undersigned, Kim S. Mitchell, hereby certifies that she is the duly elected and acting Assistant Secretary of Volume Services, Inc., a Delaware corporation, and the keeper of its corporate records and minutes. In that capacity, I hereby certify that below is a true copy of a Resolution passed by unanimous consent of the Board of Directors of the company on December 4, 1986: RESOLVED, that Barry Freilicher, President of the corporation, Craig Trimble, Vice President of the corporation, and/or Christopher Bigelow, Vice President of the corporation, be and hereby are authorized and empowered to bind the corporation in all matters involving, related to, or incidental to the submission of a proposal for the food/beverage concession services at the Orange Bowl Stadium and the Miami Baseball Stadium in Miami, Florida, and if such proposal is accepted by the City of Miami, Florida, to bind the corporation's full performance under the terms of the food/beverage concession management contract attached to said proposal. Date: December 4, 1986 A Kim S. Mitchell 80-1021 0 State of Illinois ) SS County of Cook ) Barry Freilicher being first duly sworn, deposes and says that he is the President of Volume Services, Inc., making the forgoing proposal; that Volume Services, Inc. has experience in operating similar food and drink concessions in a major place of assembly; such as a large sports arena, which has multi -purpose uses including Exhibition Halls, with a capacity of at least ten thousand (10,000) persons and various sized meeting rooms; that Volume Services, Inc., has conducted a first-class restaurant, bar, and/or cafeteria involving the purchase, preparation and serving of food and drink to the public on a mass basis; that Volume Services, Inc., has experience in serving food to at least three thousand (3,000) persons in one day or an average of two thousand (2,000) meals per day for five consecutive days; and that Volume Services, Inc. has the ability to begin operations upon execution of the contract. Affiant Sworn to and subscribed before me this 4th day of December ,1986 T My Commission Expires 86 -i021 CORRECTED NOTICE OF PUBLIC PROPOSALS CITY OF MIAMI REQUEST FOR PROPOSALS Be advised the City of Miami ad no. 4604 published November 17, 1986 has been corrected and now reads as follows: Sealed proposals for OPERATION OF CONCESSIONS AT THE CITY OF MIAMI'S ORANGE BOVL STADIUM 6 MIAMI BASEBALL STADIUM FOR A FIVE YEAR PERIOD COMMENCING JANUARY 1, 1987 will be received by the Office of the City Clerk at 3500 Pon American Drive, Dinner key, Miami Florida 33133 until 2:00 .m. on December 5 1986. At the dime, date, and piece a proposals w be pub icy opened and read aloud. i Proposal packets may be obtained from the office of the City Clerk (3500 Pan American Drive, Miami) or from the Department of Parks Recreation and Public Facilities (1390 N.W. 7th Street, A Pre -Proposal Conference will be held at 10:00 a.m. on November 051 4780n the To —or Press Box, Orenge Bowl Stadiu-, 15L .W. rd-Strest, Miami, Florida 33125. All proposers requesting pertinent information relating to the operation of the concessions may submit their questions in writing to the Director of Perks, Recreations anc Fu:!i: Facilities located at 1390 N.M. 7th Street, Miami, rlc-ica 33125, not less than ten (10) days before 2:00 p.m. on DecebI?r 5, 1986. All proposals shell be submitted in accordance «itn the Instructions to Proposers and the Request for Pro;, -sal specifications. All proposals snail include a Proposal Security wnic,) T %, :_ a • .� Cashier's Check or Proposal Bond, anti shall be in the a7cj .. ; 1 $25,000.00, payable to the City of Miami. A Performance Bond In the amount of S100,000.00 shall be re:,-',e: of the successful proposer prior to the signing of the concessi:•+ S contract and shall be in faithful observance of this contrast. Prospective proposers are alerted to the provisions of Orlinan_e No. 10062 which established a goal of awarding 51% of the City s total dollar volume of goods and services to Black, Hisaaric anc Women Business Enterprises on an equal basis. The City of Miami reserves the right to accept any prc;.cs3ls deemed to be in the best interest of the City, or to %ai+e sr,, informality in any proposal; and the City may reject any a-iz: ail proposals and re -advertise. (ad no. 4605k CITY OF MIAMI ADDENDUM NO. 1 NoveMper 20, 96E Cesar H. Odio Received by: City Manager --�-•� s CITY OF MIAMI — REQUEST FOR PROPOSALS CONCESSIONS AT ORANGE BOWL AND BASEBALL STADIUMS NOTICE OF ADDENDUM NO. 2 LISTING OF REVISED AND ADDITIONAL PAGES RECEIVED BY REVISED (NEW) PAGE REPLACES (OLD) PAGE PROPOSER 4 a 4 4 b 4 10 (revised) 10 18 (revised) 18 37 (revised) 37 39 a 39 39 b 39 41 a 41 41 b 41 46 (revised) 46 _ 49 (revised) 49 50 (revised) 50 / 69 (revised) 69 / 71 (revised) 71 %, 92 (revised) 92 149 (revised) 149 / NEW AND ADDITIONAL PAGES r 94 b n/a + 148 missing 150 through 197 n/a IN ORDER TO ALERT PROPOSER TO CHANGES IN THE TEXT OF THE REQUEST FOR PROPOSAL, words and/or phrases have been underscored to designate added or revised material. Deleted words and/or phrases have been replaced by asterisks (•). All other material remains unchanged. PROPOSER ACKNOWLEDGES THAT HE HAS RECEIVED THE COMPLETE ADDENDUM NO. 2 AND HAS FOLLOWED THE DI CTIONS CONTAINED THEREIN. SIGNATURE: PROPOSER NAME: V _ �,�•t Sc. fy I �.� �� DATE: / 211 i • Notice of Addendum p2 page 2 80-1021 PROPERTY OF VOLUME SERVICES, INC. "This proposal remains the property of Volume Services until such time as it is accepted and our services implemented. Any reproduction or distribution of this proposal other than to the principals of the City of Miami is expressly prohibited without prier written permission of Volume Services, Inc." 0 86-1021 31 k_ 3� }NN E1 ALCOHOL AWARENESS PROGRAM Volume Services pioneered the use of alcohol awareness training programs to positively affect the facilities they serve. While the media has covered the growing liability concerns very well, the primary concern for the program is to promote the controlled responsible consumption of alcoholic beverages that are a primary and necessary source of revenue to public assembly facilities. The Volume Services Alcohol Awareness Program has proved to: Provide an understanding of alcohol's physical properties and how It affects individuals. Identify potential trouble spots, events and troublesome customers. Instruct employees on correctly handling customers purchasing alcohol. Define the legal responsibilities of the employees and Volume Services. Reduce the possibility of alcohol related problems. Decrease the potential for litigation. • 8f -1021 improve the dependability of licensee, should litigation be necessary. Reduce the overall cost of liability insurance. Enhance customer satisfaction at your facility by providing a safe and pleasant environment. Due to the continuing vigilance of education and supervision, we have been able to provide our patrons with the full services they expect and our client's locations with increased revenues. y p . � y.. ■ E2 Equal Employment Opportunity and Affirmative Action Regardless of sex, religion, ethnic background or age ... Volume �r Services/Canteen has given people an opportunity to succeed and excel n_ for more than three quarters of a century. Our concern for human dignity and welfare includes working with minorities. the handicapped and under priviledged youth to make a i contribution to the communities we serve. S. . 4� 0. We are in full compliance with every law and regulation in the EEO and Affirmative Action policy area. Annually. Canteen's president issues an EEO policy statement for all operations. A copy of the current policy statement is included here for your information. We shall make even good faith effort to comply with the EEO/AA requirements of the City of Miami. 0 eir�l i�i a:oMPCIRd+TiCN !Mt MI*CMAMDISE f CHWAGO. IUJMCIS 00"4/i' im tti•ISOo OPPCY rtbruary 3, 1986 To.. All 2*10ye" M. 8E=L aAFtASMM Canteen Corporation, As a part of its ccmitment to equal empicyment c zt:sii.ty, prohibits acts of tiaras. =t on the par'` of its eaployees on the basis of rase, sex, aolcr, rel.igian, age, natioral or I, or onditi= of au=ll s`" hadiemp. t1y, the Equal fl*lolnmt Opats quideliaes relati-sg xpecifical y to sexual harsssw:t wtiich we ve_= re in keeping with o= lcsq standing cam:itae st against any fc= of harsssznert i.-: the W=:k envy..,-rrmx t. '2-A =cc Vidal -'des provide tat "L'nWl :G�e 5ccu'' eva =S, rw.msts f:s sexier? favors and other vex-Ama.l or piiys'icai csrxltrt of a sex_•a, -3 —a ✓ c=.stit.•te sma' harassarst wbm: 1. sutadssicn to sudh is mde eit".es erLci •.=y cr -- -- implicitly a tear or =mdi icn of an iadividua1's wplcymert: 2. surk-ri SS: „„ to or re;ec..i= of such ccc'uct by an inch vidva is used as the basis fcr esplc}mer:t, decisicrs afferi^q such individual, or 3. such eandu- 'leas the p=pcm or effect of sustantially interfe r: q with an indi vidsaal' s wozk pef_::snai^re or =eating an intiasidat nq, hostile, or offensive wa23L Th keepi�x with the spirt of these qui' Ines, �+e :°ea `gin cur be:ief that y Canteen e*Lccyee mnat be treated with dignity ar—A zrspet re4 a. -^.:less of ,- sex, race, cols, religion, age, national ot+giz, or condition of hand,:c�p. We ask t'A ba p of aL' of you to help us meet cis cbLgatscns by acting. acor'sr_arece with cis state cacmitm-.t and by brnc.:zq ary viclaticss of `.;s pel cy to o= ac..+cs i=— r+.;4s M�,�,r i yr riser - % iw C^p,n=!V OOPeP1ATION TMe . gMOM+wasa MART, Cr�.AGG, iLUMCri 000" 1 WO "1-?A*T 1 rebrua-y 3, 1986 MOURT A.XCZLCVNXI IM OOM "w CbW s.rra» QM — TO All a ployees h wa the provisicas of Title VI= of the Civil Rights Ace of 1964, as amfsdad, the Age n4sc:4**4mt4M in E ployment Act of 1967, as amended, E=cutive Orders 21141 and 11246, as ammded, Section 503 of the Aahahil.itatiaa Act of 1973, and Section 402 of the Vietnam Era Veterans Read7mUnnt Ace of 1974, it is my legal duty to pericdica.UY remind You of Caatew 0=1= atioa's position conce=ning equal mplopment q*osmity and afiLcmative action. Za addition to it being my legal duty, I sincerely believe that it is my acral responsibility to advise you that Canteen Corporation I s policy is as follows: It is the policy of Canteen Corporation that it shall be an equal opportunity employer. The =any shall act # affirmatively to assure that it will: 1. Tacruit, hiss and promote for all job classifications without regard to race, deed, color, national crigin, sex, age or oonditarh of handicap. 2. Base decisions on employ=ne solely upon irdiv dval's gualificat ons for the position being f ..La:. 3. Insure that all o her pe-Thorne? ac�icns sues as c=vensaticn, promotions, benefits, transfers, layoffs, r lz= fr= layoff, social and reo;eaticnal pr.�grarss r will be administered witmue regard to race, °, f colas, national ce-gin, sex, age or condition, of harcicz;. s eps to corre= any unde_^.•at::on 4. Take apprpr'inap of ire mn, mummies, Vietnam era veterars and handicapped itdividuain t'se s icompany s w=k—lorce. Mary ,deer. O'Callagfhaa has been appointed as Direcor offal EWlayaent Cppartunity raper -tun ctlY to Lawrence F. wi:kas, vine President, Dize=r of lb—n Resources. All ope_-aticns will' suaait �l.:sreu^e repor'.s (applicant flow, hire, presr ==, and term nat:cn loos) twice yearly on June 30th and December 31st to the Direr.Qr of EJO, 1430 Merd'wuxUse Mart, Chicago, Illinois 60654, in order ttAt x$ their c=ipLiance with our policy can be monitored. I w=ect that eac: one of You wiU do your u=st to ccmply wits v= ope_-at on's Af::=azive Ac--:.cn Plan and insure that our corperate -01ce ;3 gol::c,{ c aer. nq ecual employment and of the ac�..-cn :s qw;e.^. .re very hiv=- pr_orrty. -1021 h 4 Minority Business Enterprise Volume Services, Inc. will expend every effort to meet the goals of the City of Miami with regard to Minority and Female Business participation In this contract. In addition to the general corporate policy statements attached, we have formalized some specific plans for achieving these goals at the concession operations of the Orange Bowl and Miami Baseball Stadiums. I. Subcontractors - Volume Services plans to utilize charitable, non-profit and individual groups for the operation of concession stands at the Orange Bowl. We anticipate that the MBE goals with regard to this conveyance of operations will be achieved. II. Suppliers - Volume Services, Inc. purchases frankfurter products nationally from David Berg Products, a certified WBE. Similar provisions for purchase of concession products, supplies, service contracts and equipment will be developed with MBE/WBE firms in Miami. III. Contractors - Minority and Female firms will be selected to provide materials and services to accomplish the capital improvement program set forth. This briefly outlines our approach to meeting the minority and female business participation goals of the City. Upon award of the contract, Volume Services will prepare a formalized plan for the facilities. • 86-1021 t UNIFORMS On the following pages you vill find suggested uniform styles for concessions, lounge and service staff. They are intended to be representative of the general style, cut and ensemble that will be used at the center. Selection of the appropriate color schemes, identification tags and s other details will be developed in concert with the overall plan for the Orange Bowl improvements, if desired. • E3 SG71021 lJ c VOLUME SERVICES lJ UNIFORM PRO GRAM a 4 i A vor IL A A) Service Person d) VendorlConcesslon Worker Un se+ Go' Sh.'t—Tan Unisex Vendor/Concession Srnr, Emp.oree s Own Pants'Sacks Female Jockey Style Cap Employees Own Pants/S,acks a � e ay; C) Vendor/Concession Worker Unisex Vendor/Concession Sh+^. Male Mesh Basebai! Cap 3 Pocket Change Apron —Bros•, n Employees Ov,,n Pants'&,;cks le c Our Uniform Program The Volume Services Division is proud to present our new uniform program which has been developed with comfort, style, easy care and versatility as the uppermost goals of the program. I O) Restaurant/Catering Lounge CacaAay Apron --Black & Wrnte Pinstripe f Formal BowUe--Red or Black Employee's Own Willie i;�r /Blouse Emp;oyee's Own Back PantsKnin • M r _ �x The fabric —an easy -care blend of 65 % Kodel Polyester and 35 % Combed Cotton —is very comfortable to wear and easy to maintain, while giving a look of quality and professionalism to your image. It has the hand of natural fibers with the wearability and launderability of polyester. Under normal conditions, this versatile fabric actually requires little or no ironing. The designs of the selected styles have a proven track record in that they are both durable and functional, and at the same time will upgrade the overall appearance of our enure food service team. The complete Volume Services uniform program order form appears on the back of this brochure. For information, call or write Customer Service at: UNIFORMS TO YOU & CO. 4340 West 47th Street Chicago, Illinois 60632 (312) 927-5601 h VOLUME SERVICES ORDER FORM REM UZES b WANT171ES 107A, pT. PR+CE EACH-+ TOTAL i Pp C F S RA� XL XxL VENDOR"CONCE S90N 134 36; (38.40) 142-44) 146 481 15052, WORKER $HIR1 XS S M L XL SERvrCE PERSON Fen+rk tr8 32 10-12 34-36 14.16 38.40 18.20 42.44 40-42 46.48 GpLF SONT. MAW YAN FEMALE One Sze•Frts•A11 JOCKEY STYLE CAP MALE MESH One•Size-Fits•All BASEFAU CAP 3—POCKET One Size -Fits -AP CHANGE APRON —BROWN RES'AURANT' pne SIe Fds•Ali CATER'NG :OUNCE CALLAvA,AY APRON K^4AL B0wT1E Qne STe Fd1 Ai I RED FORY'k, BOA'.-E One Sze Fr,s A. BLACK NUMBERED One S:e• its A' RVs+G% AS 125: IC st; •►6• - T,jm O�Je 12 P,e;es NOTE: Vendor/Concession Worker Shirts will come Complete with Age/ D Insignias applied on al' Initial orders Employee Number Insignias wil; also be affixed to the number of Shirts ordered For those initial orders total;mg less than, 250 the balance Of the Employee Numbered Insignias %N,I;, bE sent to you detached with your order Please return the exact number of these patches to Uniform$ To You & Co when reordering �i ORDERING INSTRUCTIONS A Standard VOiJ'ne Service purchase order or letter rnus! ac- `= a O'de's COmpete th ! Order f01*^. InSe" COm piPle:' Volj'ne Services purChase Order or letter. and ma,' to UNIFORMS TO YOU & CO r Customer Service Department 4340 West 47th Street Cnicage Iluno � 60L)32 i NO P O BOX NUMBERS PLEASE Ordered B) Ship To A01,ess :# C1t: �. DE.IvEF+ NEEDEDE)i 8 e< t. . P.O N Dare Telephone State 1 Tot?` A %AA rf-ipn , « i Applicable Sales Ta, I ! I TOTAL Ati"OJ%7 TH'S ORDER (ALL ORDERS SHIP F O B CH `ACC); Zip Code �L7 �DAM PRaDUCER VINS CERTIFICATE Ei I SGUED AS A MATTER M vvpvm. 11ON ONLY AND CONFERS NO RIOKTS WON THE CERTIFICATE MOLDER THIS CERTIFICATE DOES NOT AMEND, IXTIM OR ALTER THE COVERAOE AFFORDED BY THE POLICES BELOW. FRED S. JAMES & CO. OF ILLINOIS 230 WEST MONROE STREET COMPANIES AFFORDING COVERAGE CHICAGO, IL 60606 BARN`' A TRANSPORTATION INSURANCE CO. (CNA) � A Y C CONTINENTAL CASUALTY CO. (CNA) .+sLIRED CANTEEN CORPORATION, LCOM ETTER C VARIOUS CARRIERS M DIVISIONS & SUBSIDIARIES MERCHANDISE MART PLAZA COMPANY D LETTER CEIIC..AGO, EL 606M SRN' E a THIS N TO CER V flMT POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REOUI:EMENT. TERM OR CONDMON OF ANY CONTRACT OR OTHER DOCUMENT WTTH RESPECT TO WHICH THUS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS• AND CONDI• TIONS OF SUCH POLICIES �q TYPE OF INSURANCE POLICY NUMBER PDXErqt r.i DA'I MUM". P0.K% EM;• 4'4> (K T to OD". LIABILITY LIMPS IN THOUSANDS EA— AG3RE:,a'E tU WMERAL LIABILITY X coINP%►,EKsvE FORH CCP001704517 12-31 12-31-89 $A X PREA�SEs�PE�u' s PROPERTY $ $ X' EI P.OS 3NA CD -LAPSE HIA 0C DAMAGE X; PFKDXTsCW.ETEO OPERA' ONS B X CotiA. (Blanket) BO A PD [:OA�9INE� $ 1�000 $ 1.000 X N+IOEPEMXAr DO0.TRA.T39tS X I BROW FORM PROPERTY MtkU PERSOFOL P JUR% PERSONAL INJUP- $ LOW X , Liquor Liability AVTOMO•ILE LIABILITY 11F NX. A Ani A.": BUA001704516 12-31-86 12-31.89 (W-- X-:G>� $ PA_ A.. DAN.: A.^X MRS (Except Texas) ecn. 1•, H1v�� I A.: Ch^-. A:�'T,E PRM� CPTIL '� i NE' A Jig' $ MI✓;r #-�" A `X, NO�E: A,1X CCP001704517 ..c DAMAGE $ GARAGE .IAE1. (Texas) come'HEz $ 1'W0 .ate EXCESS LIABILITY C Ir UMV4—A FOW VARIOUS 12.31 12-31-89 B� QED $ 10,000 $10,000 MR THMA U#$R:.-A FORM Aw01YMR' COMPENSATION WOD01704519 bTATIlrppv - , ... 12-31-86 12-31.89 AND 5OW (EAC« A ': BlrLOYEJK• LIABILITY WC001704518 (Calif.) �5 casErsE a;,,,,— IJ ""-: ;4 S (DISEAS: 0TwA With respect to Named Insured's conmssicn operatiF at the ty of Miami'sOrange Bowl Stadium Miami Baseball Stadium, C)ertifito Hold Warned below is an :PESCRIPTiON OF OPERATIONS/LOCATHONSIVEMICLESISPECIAL ITEMS 30 DAYS ADVANCE NOTICE WILL BE GIVEN CERTIFICATE HOLDER IN EVENT OF CANCELLATION OR CHANGE IN COVERAGE City of Miami • Finance Dept./Risk Management Div. 65 S .W. 1st Street 110� S"�°ucAT LIABILITY PANY, ITS VENTS ORA RE •TAT Miami a FL 33130 AJTMORIZED REPRESENTATIVE • _ � O LIVESTOCK SHO`N June 28, 1984 To Whom It May Concern: E8* otters of Recommendation Volume Services, Inc and now Interstate United Corporation has been operating food and drink concessions on the Arkansas State Fairgrounds since May 30, 1979. g Our operation and Interstate United Corporation's involve year around operation of a number of facilities including 3 exhibit buildings, T. H. Barton Coliseum and outdoor auctions and other events. To service these activities and the Arkansas State Fair requires good management and flexibility of operations to meet the different situations. Interstate United Corporation has effectively served our patrons and our operation with a willingness to meet each challenge with excellent service, quality products, and steadily increasing grosses. The Arkansas State Fair's income has continually increased during the last five years from Interstate United Corporation's operations. In 1978, our Association's income from Interstate United Corporation's +' predecessor was $39,834.00 during the 10 days cf our Fair and $17,255.00 for the other 355 days or a total of $57,089. In 1983, off -Fair income was almost $146,000.00 and $62,321.00 during the Fair. This total of more than $208,000.00 is almost four times the previous operator's rental to us. We a well pleased with our Interstate United Corporation team. Sinc rel 3 J H R. HOLMES xecutive Vice President JRH/bj ARKANSAS LIVESTOCK SHOW ASSOCIATION 2600 HOWARp • P. O. BOX 907 • LITTLE ROCK, ARXANSAS 72.203 • r501117T- �{ -021 E )range Count}, Convention /Chic Center Thomas R. Sewel►, Executive Director September 1, 19e41 TO WHOM IT MAY CONCERN: Daring April of 1978, the Orange County Board of County Commissioner: authorized the Orange County Convention/Civic Center project. From the shirt of this process, the highest standarc!s for evchitec•tural desi-r• Here eNtahli"lled. Building service, +Pere also mandated to maintain urn "Kbo�c the aver•�,gr" level of qualit:•. The "',1dn3gement Fee" concept, adopterl b_. the Oran; c County Convention/Civic Center. ollo►•;ed the facility tc p;:rtir;pate tsith the fold service c•ontractni- in co:,trollin; service level, price and food quHlit�•. This t�pc• of b►rangemmnt <i�mirnr'- extensive catering. concession End mdnbaement experience from the- food ser%rce contractor. 1'olume Service_ was chosen as the compaw. that %• vs be.t able to m.,ot theme demands after a competitive bid proce=s, involvinn a nun,it,c­ of nnticnul firms. Thr-v have der;ron;trated an rbilit• to modsfy its opc^align to meet the cl;rn5ino =` needs of the Civic Center and our cliunt�. at ' The Orange County Convention/Civic Center is plL•;;•-c•c to Scry ce, nivi-;on of lnterst,.,tc lnoc.: Corroratinn a. ;,n intoor,,; pcsrt of bu lding, staff. he believe the\ hi:kc helped u- n,a�- thi, -It. cx(•cptior,::l fbcir„�. cinrercl. t Thomas l�. Se�ticll i. V� ry� .f ` 9800 Inte►nanonal Drive. Oriando, Florida 32609 • 86-1021 0 SL Paul Civic Center I A O'Snaignessy Plaza • St Paul, Minnesota 55102 a (612) 224-7361 Marlene t Anderson Manapm- Oircctor September 7, 19EW4 r In :,ctober of 19- . Volune Se. -vices Inc. was awarded the food and beverage service contract in the Saint Paul Civic Center. The change i f ror. a loca! co n: cs:ion operator to a national food and beverage co -._an-: has prc•: er, to be a very positive advantage in our food 1 scr•:ice area. vel•ane Services carefully planned the transition, and ca_r:e it th:..cr: with no ir.terr::rtion in service to our customers. CnLC on bc:..d, they be_:.n renovation of our concession areas and have __ . -_ n .. :c :e r..ade rz- i---e•:ere-:s :- b::h the facilities ar- ecuiF-:er.t 5_r:ices w_rks closely with o_r staff to prrvide a:c.:c: set-L; is ne=essa:• tc best serve the event. ::e Civic Cez.tcr fay:12t•• w,g cvF: 350 event days with attendance over 1.5 million i-. 19L:. E•:e-:= vtraed fro.i cvntinental breakfasts for 2;:. luncheons fa: 5:•0, to sill -out concerts of 16,000. Vcluae Servi:es catered tc t%z nec s of the e•.cr.t, an:: r..aintained the quality standard our c.:_ :cr.r s havv cc-.e tc expo. t . { Strvices is ac:ivcly pa:tici;a:inc ir. c::: �" r.-%-,,. r�-�•:a___.. Frc.•ec: r.-. in Fro=ess. Their exrert:s& her bey^ the ::es%=r. :: t`.c• ccr.ces_icn service areas, an.. a fl:s--e-:e: in hcuse kite=,c facility. . .. y:,. art- cor.si:c r _:._- a f coo an_ be•: cr age contract for you: encc-. are -•�_ tr look tc V: _ur.•c Ee: •ice_ , d -.d w�.tt the;; car, ofle. your e_e:ation and your c':stor..ers. It is truly a r:c`ess:onsl full -service food and beverage company tha; has Fat__fie3 o.r eu_tcnc.s and made my staff Frond to have them sr , w- involvo! ire the Civic Centex operation. Yo::rs Very truly, tf3 av _ Marlene kndersor. Managin: Director t, fr n r Q1 } *yam 41C$h. sos 86-1021 I 0 0 :url►ovatit,ll. unr of tilt' nalitni, lav"- Components of Revenue ivr t•tstill ►anit,-, at•t•tnnit^ 1111' ul►I►ru�i- ItL t•l\ 16 lit•rt't,ltl 0 vv\rnut•. 24 pt•rt•rnt ^ ul►t•I';Itill" illt•olllt'. a1111 30) pt'l't't•Ill (it il.,� a: m+%. Ilr t ululatm rrt\rr Illy t,ut�niYalt, \\t►1'Icl tilt'uurll r,ll '1"II1%r' ill ltI r\rt•tit I%I. tliltiII,,.. collll,;llI\ cale'It't'iils dll, \rllelill�t.'• 1'e•llt•'11111t•I11 l't'lllrl'�. (:illl1t,N11 �l'I'\r• -t,1 ltuu.. ar11I'l'. anti titlu•r 1'ect-'atiun facilitit,?�: Ikt• ttt.tt^. Illll'^itl_ 1't•IlIvIllt•llt t'tiIIIIItllllllil'•: •, I %t%I t'ullt'�t 'Illd t'%it'Ie't'lW1I'll lavIll tII II itl�tl i rr^t,lur,ul1, and lullIirlI, tat i{itit,• in natitn1,11 t am ^tale 1►atk, . aril{ 1� tilt,( :Ili rt,r al t ull\e nliun anti t I Sl,,ll'tall F%1%,II S\^It'll) III%'.. it I'I'^I,IIIr,1111 1't1111- I I' 1,1,%'IJ1111} III Ill%' �ulllllt .1�1 .�.. a1'I'1111111- till �It \IIILIII'I\ 22 In•It't•tll Ut Ilall^\\ttlltl r It \%'till% r. .; 1 wit 1•tll ill It- t111rr,11111_ Ill( Itllll•. ;Illtl 21) lit'I'('t'Ilt tit �Ii,llLui^ Il,utll•r^ 111ni1^ (itt(•I l,rtnl.uil\ ,I \,u•i- _ � r•It II II,Itllllllt_t'1^ .III/I III(•.IAtJ^I III^t'llll�.:L 1\t'll .i^ A�1 ' tdl t ^.Illtl\tit III'^ dllll ('ullllilltllrlll,u\ lirinl1111^. ftU' lll('llll it t .1tllll% \ �l1.11(.111 ^ ill llt'1 It'^t.lU- I.tt t till%-1.111. Ill, {IIt1t•^ ,1 \aIlt•I\ tit illt,llll\ ^It•.Ik 111.11 Iwo Ill, ( I11( krn .111(l ^lnlinp. illl%I .11111,111- 1,t:-.II.I%1. Iltit \,•_(•%.till(• ,ill%t ^lull, I(,Ir-. Con►ponents of Revenue 11111t1n Illtt 1u.111%1n,11. a It,at1i11; inll'rll.ltitnlal CornlumentsofRevenue Ili+' I t t,lllli.11l\. .It,( %,till%- t„1 .Ililil,i\1111Jt( I\ 3,11 Itt'It'e'lll t,1 I ,111^Nt,11(1 11.11'llll(•^. � I 1►t,lYv•111 ut 11^ ulil'rUllllr! Ili, till .Itlll .32 111•1, 4.111 tit ll� III (lilt I.III ^ till Incur\-t 1.1-^ II%ilt,l^ ;u(iuntl tlu H,tl I \\ fill a 1. 7 1 I,itilll "t•1'\ 111r lot iul,ll Ill, IIt1�itlt•-^ 11,1, Irl III .IIl1.0 1^ rIl( ^1^ 11(1111 IIL111\ ILal,H1 II, 1111% •11 rllt'^1^ 111( I11(1%•^ (1.1\1'1t'1 ^ tfulll: Ill.- 11111rd `t,l' -. '�i�.:)r r : t.,u1,111.i. 1 1 .•►r r : { Ili,ln.—.a" i : 11u• 11111•t1KIllr(lt,111. ._.I'::tallll,lll\.1►.,rt:'Ind I►.1 t (. t). it r . The original frdm which this microfilmp I was taken was awfully poor. } This is the best photograph we could obtain. >�'�1*****►u************�****�********at,**********aka _AM 421 i a V,l 0 0, Ph111/1: H..11.•It A h..A'k%41. I'Ir-I.b•nt .uu11 .Ili,•(h v•• Illv• I Ijft. ,•1. (.a I I tr. •II 11.m 1-1.1111.11 IIIl,.l1,: J,'Lltll'. J Ill. 11.1111-.,I1. 1 Pl,•-1.1, nt .uld I Ill. I F%- Illn, ( )Ill, vI. Hotel Ser%ices I Hilton International Co. !ilk I Ph„ln: (.till H. ?11.u1.1. I.Il.unu.ul.,l Ih1• M.,11-1. filil.al .Illd (.. h 1t, In (- I • l:mill-I'll arrlm,retl Interstat(' l nitrd l:(►rl,m-milm flit- V1r tit, lime a nun-iiperatinl: lac'tm- that %%ill sit, 1111111n in rash tin ! Irluher I. \\ ill) animal sale, our re1,orte(1 t-arnings gnmth in 1986. Trapswirlll*s ol• rllt,le 111,111 -�; 11►I► nlill;,nl ill n)rrra,r elli•rti\e tax rate is rising; as the c•onipan\ c uml,lrtt-, i (:,Intern', 111,11-kt ,Il,lrt . IlarliruI'll-] ;n kr\ ,t•"rnrrll, transition frith tilt' highl\ capital-intrn,i\r air•Iill1• loll .- •mrlt a, lierrvat It'll ;et-\ irt',. ne,s Ili tilt- more stable. an(I lrr•c,fitahle. set•\ ire ,rrt'll • llillt,n l0terilatimi'll tyene(1 Ile%% hotel, in Kansas Umr• effCc•1;\e tax rate. \\high \\as 2:3 percent in 1981. (:it\. Mt,.. alltl (Ikl: 11 nit (:11\. Ok• 13tith are olieratetl ro,r lu 2; percent in 1985 all(] is like!\ Iu reach -10 untlt'r nl;miatetnrnt euntraet,. percent ur more in 1986. Despite this transitional et, t•I • S1lartan ullrnetl it, .;(Il)Ilt re,lamr.mil—in Slal'k\ ille. \\t- remain confident that 7rans\\orlcl (,all arhie\r it- \li„i„ililii—autl erule(1 FRI.) \\lilt ,i111' mn;l,. if 1:3 1►r(If;t ultjr•rt;\e, in tilt- fcllure. I►errenl int're,l,l , • T'ill,wil l 1•, Bilaill atilht,riit•tl mallil"t'Inenl III l►ul. Oil all t)lleratint basis. Transwirl,l ,hmiltl I11 .•- fit Ilti, \,•at- from the 1,usiti\t• impact till H;Iluu Intel; - ( lid-r. ill the open market ur i0 nrputi,Itrtl Iran,artitin,. I;unal', re,mll, ofa strengthening of 01'ri"ll c'urrr0r. - tilt lu f�,ui nulli(n) If dw t,u1111,m1\', runuuln) ,hare, o\(.I and anlic'il,alt•tl eruminir grimill ahrua(1: the full-\, I►— \ear, t•ntli0r in \la\ P41 . \1 1•(•I,i iiar\ 28. 1'1t111, runlr;ltutiuu of the lntt-r,late l nilet! ar(111i,;tilln to l n- \►r hall ltuup111 2.1► n)illt(nl ,lt:ue,. • A, a Illrfltrl \utr (ofrullll,l,'nt e. Illr I;u.Irll. ill teen: and tilt' lindit tmr•nawillid m, are .tri\ ins It'll' [*If -, .'\!it'll lt)i�.►. inrrr:I-r/l Ilte rllrnrru(n Ili\ Ovilfl 11,111) -O. 11) I1, `Illlllt'\ ,. aloll" %%Ill) eu,Il1llue(l,merr�, Ili }t;irclre, S11. W, 111.1 -11 mr. ,It-) iiwica-r tll21) lit•it rill. A, \\e inme MIA, 198 \\ilh a m(Irr,taldc tit • I In I It-, vnil-ri :'.i ll.tn-\\1,1111 t'tvleetl cd flit' u1,et'allll,_ eal'l)ill..', f-nlmll It, Ill, „ 'h-0— f11 Iltt 1.'►11 �rrll - It (:un)ml,lli\, !'reti'r,e(1 St1,1 (, flit-Iluttunl line. enaltlin� 'Ii:uls\\urltl to re11ti,I inll,i f•_ fill !s2fI.INI livi ,lt,me lllrl- a (h\itl-Ill l,III im-tnll'nl (,t Sll 12 In1 ill,;n t•arnilw: per share lu mall'h the undt-l-kill \\ )III flit-,1, 11f111 ,mill ill. ,ill (11 ill, �rri,'. 11: I'l(It errs{ ,Irr!)_t!) tit time fill,-(-rurnl,a0ir-. !it,.- k ill Of" 1•1111-1 PN; I. \\(• 11.1\1 rrtlml 1 (I ,nu 111rtt 1I, tl ,!''': _. 11�\ I111•I111 I,•,1t1111.1111•I11� II\ � {.,..i 1111111,111 lll•1 \1•,II. t "'cam 111't:elnLalHtnal (.11:111L'/', ' t' \\ullltl hkr it, U, 1- r: F • ram. r ` the n1.10\ ('111111,1%1•r. Ad ba •r-1,ur 1 miled alit. v_ (;,,.Il- mid ( Illllf,f,k I,ItI�\t, 11111 I11•III•I _1 IIII'I It 1, 11 nf',1 ll- 11) > - Il.t- •,•I •Illnl' 1 I),tll, li_In_ till,ln, till _11,i1- fill 1141111 the \t II1111,11 101rrnali(,nal, F(1 \lr\, 1. lurnn 1 ll i_ -: lt,11111n_ ,,,Iltl,.tlt\ ,will f',u It Ili II11 .u11-I111,uit dvIll Ad T\\ \ and if It,mr-lillic (liret'tul tit TIJIl,\\t,rIII I M •^ i hi it IIII alllllial 11111111 r:111\\III „l I.1 lu'Ir1.111 tit III. Il.t, ,urrertlrll t.urt �Uantl a,•1u't•.IIIf•nl :unl 1 11' ltl 111'I. ,I11(I 111 r.11ll ,1 I fill-1-11.111 It'1111I1 till �Il.11(11„IIIrI- r\rt'uli\r ill/;errs (:urn \\;ll runt;nut• ills,.,'\,• nil a- . etllli,, All 211111,14 1,111. \1„►, ,1\( t. „r \sill!! 1,1.Irc',1111111i•lt t'ha►►'man t,r;t, h(land fall(+\,in" h;, re,ire,nt Ili 11,+rn 111+•1 A.Il411lit •('tl\(•.\\hill ►mint,)illillruur,IrtiII w Ilm.11lf'1.11 furl!l,All. It\ \, ill t•,ll! I,ml tleltl it, A -,I 'i 1.11 rallA hild lt cii it'llm,'et! 1„ 21 Herren!. TIII-. lurelher a;Ili ill► Arja\ \llllrr. a clirt•rttir All Tral►s%%orl(I ,ill('r ' „1-II flfl.iti,ln (,1 �l'+1,.') rrl;l1i,10 :It \e:m ells!, illfi trtl, it.1')�tt. \\ill retire Irunl the 13tiartl till tilt• tirril,iun ill (, G5 ('„I1-1(If'I,IltIr 11('\II,Ilt1\ 1111. tI1L111rI11� Illtrl'll.11 }(I'(iN111. Annual \leetin'• in April. \1t thank him tilt hi, \e:u• I r } ;. \\ 1'1lrrllllr(,rllmllll,',1,'(llll�llllill�. IllakiIIr..1 '11114•1' 111\e,l- l'l►Il,llllt'II\t rti11t1ibut Iills III Ilit• 13tlarll•, tlt•IIIwrit'It I! a Illrlll-. (il ,u'relrl,lllllr lilt-ref111rr11,1-e (11 rulllllltltl atltl \\r \\I,II 111111 \\t•ll Ill tilt' \ear, III cmIle, 11\,•1 Ille 11.1-1 "'\feat \rill �. 11 ,111�\\(lrltl 11:1, } Illall\. \1e thank all tit thtise mlit, ('lintl'll)llt( � ' > „ :Irllll•\e(1 ,1,'.111\ 11111f1(i\('Illrlll 111 (111r1':Illllr r,ll'lllllr�. ,1� li II',III,N(il'Itl�� 11'ul'1'r„ II1 1t�ti.)--. ' I 1- 11:11'rhulllt•r,, t,,).111 ' ' 8 \tilt 1\111 IU+If If,tn 1111' f 1.!!I f1,1 (,.le �. r ) t Illlllt,\relll , ;11'lllll till' \\it'll!. l'll t Ill,. ell, ulller, .111( filt�llr (I 1'\r It Ilt/+i1�11 II111,Ni llllel'll.11lufhfl t ;U'm!llr, Ifue�l,. \\e It,uk lm-%\ard lu all r\en he11t•1 ltliil►. r kri> c Nile II 1111, r(I Itilllllr fill- (u•rlt,tl I,\ 1,111.1gil ('liftclic'rt', ,�; � k� 1N•.Ikrlllllr: ,Ir',,1111-1 Ihr �� �. II„I1.11. \\1' I11•hele t•,Il'h (Ij ., 41111 ( 4111111.11111— Is r.111,1111, (it .11lt11 til,rl':IIIIIr III('I11111• ` rl(,NIII 111 I'%tilt ,111(I lu'\I,II,I. l.. I,Il1\I11 ,�lIlit l•1 - h �s l:(lair011ill ar111 (Ailef E\eruti\e II.I' -ILO 11 :tit Il'?I. 198l, 1 I Dear Fellow Shareholder: 1 it a near in H hich the 1.` economk greA only 2.3 percent. Transworld*- tyrratin, earnings increased 17 percent in 1985. Donis_ 14,5. management also implemented several iinp,n•I.tw -Irat► gic and financial programs to enhance the Yalu, ,I %ou. investment. Net income, including an after-tax rail. (.i. the sale of Century' 21 of $102.8 million. was S217.7) million, compared With $115.0 million in 19,' c i u,-,►nt front continuing operations, excluding the.,al, . • .•n- tur% 21. Was $101.8 million, compared with million in 1984. Earnings from continuing u1,• - %ere S2.56 per share, full% diluted. up from i i,.•r share reported for 1984. Earnings per share It-w net income ruse to S5.60, full% diluted. from �-3.i 1, I the pre%ious year. Earnings per share. both on net iik '.nie• and on income from continuing operations inchi i• - a `. one little charge equivalent to SO.13 per shat'r rt•I.,.•-d to the redemption of the Series B Preferred Stock. During the %ear. We sold Centur% 21 Rco' I -fate Corporation. a slow that %ill gi%e improved fo, i,- our company's management lalents and enable• t:- present a clearer, more compelling imesUnent ,• �u- nil% to the financial markets b% concentratin' it. �- lodging and related businesses. In October. herd Interstate United Corporation %hose fuu►I ser% I. d %. leisure -time businesses Will augment the alrra„ - cessful profit growth program at Canteen. In Jim: began a common share repurchase program. and. ,:. December. We redeemed the remaining shares of h Preferred Slack. Operationall%. Trans%orld's three major - -idi- aries had an excellent year. Canteen continued successful program to impro%e margin: and cull. rate on its less capital -oriented operations. Spartaii> 1 nlers division had another outstanding year. %bile th. iin- c•%'s di%ision dealt with loAer traffic counts in it- ment of the restaurant indumm In the hotel bu- Hillon International's stronger operating pedant, r became evident in our financial statements as GO n c urrt-it( -ic.gained strength against the U.S. doll., OnOctober3I.Tran- x tt 1985 Highlights rld completed the sale of Century 21 to Metropolitan I Insurance Company for $2.51.2 million in cash. 1l. ` tltelll code laded that the gruN'lll potential CAettlntu 21 !of N'iis 111 (Ile financial srrlll'eti area. whZI inappropriate to risk sharehol&ri-.7 vallve�i I— 4 .e� ���� �—T--+airy:+. 'i 1s+'�. .�" � ,:y 414 fAl New Challenges ransworld Comorali has made a transition over the past two years fir having a primary focus in the airline business having one in food, lodging and related busine: The challenge for the company today is to grow profitably in these areas through internal devel ment and acquisitions. " In pursuit of its goals of 15 percent can ings growth and 20 percent return on equity, - Transworld will continue to be managed on a decentralized basis, with each subsidiary 6ini, maintaining its market identity and its responsi ity for internal strategy development. Through reviews of financial and capita plans, Transworld corporate management worlu with the subsidiary companies in planning the company's growth. Capital is allocated at die oa porate level to various uses —new units, acquis lions, share repurchases, and dividends —all directed toward steady, profitable growth. '1 Lout the Compare ran world Corpora- tion is a diversified company in food and lodging businesses, with subsidiaries in contract food, restaurant and hotel services. Its principal subsidiaries are Canteen Cor- poration, Spartan Focal Systems, Inc., and Hilton International Co. Canteen is a leading contract food service and vending concern based in Chi- cago. Through its operations in business and industry, recreation services and schools and health care facilities, Canteen serves millions of customers every day. �I r, Spartan operates 332 Hardee s res- t; i C taurants as a franchisee of Hardee s Food Systems, Inc. and 216 Quinc:y's Family Steak Houses, its own proprietary concept.. All units are in the Southeast U.S. Hilton International operates 90 lux- I ury class hotels in 43 foreign countries, the U.S., Guam and Puerto Rico. It operates six hotels in the U.S., including five under its Vista International name. ` r = `N A : - .fir-. _ .. .. -. ., _ _ .. _. _ .... _. �_ _ ..r fit.. _. Transworld Corporation f •_ - Annual Re ort 1985 :fir 1n srhaieolder _ - - a�rslue'.ro1� - +.a��a.z_raa�ra'st.,ayca� '-z�,.-� l � nea.t-rr• -- '!'!mac_= ' - •vwt ar -� -_ -_� •]'.�Jt " '. '_� • _ - t: tam A�y�-'si- �'.� c ..�''�': re :'�'A-: __ _='•�:'StL't -A .� r" _— _ _�T'-•air':^�f' f-A'eri+'�►—._ _ _ _ _ _ I / I I• � /fI I I•�. 1�' i I � � P '♦ 4w l t i * t -Tt •'1 �-4000 VOLUME SERVICES Subs,d,ary of Interstate United Corporation Two Crossroads of Commerce Ro I fi"Ing eaoo.s IL 60008 '31 21 398 7179 '4W AM �IIAIII AM n Volume Services... Large Crowds, Our Specialty Volume Services' recipe for success combines a myr:ad of ingredients that blend toa_ether to br::,-3 vcu the best operation Facilities Design We survey your locat:cn to develop the right of fac:i:t:es equipment and Personnel and tra:ned staffs are e: cer:en, ed pr foss:c^a: resident Menus and Merchandising Operational Control s :re _ . e `: ... g fr�..• p: -f er _ :'at._:, an,; ........., _.......tee �.. t3. .....es .� +1.�.:r3._ ... r.�.::..' Staff Support Services ',, ,.. ......�.l� •.ip ..:.�.r: _i ✓•'.;r _rerQt...:.J ..,tn a • :i—me :t C; staff suppert me:using and Des:^n Research an I abcr Re:at:ens Personnel and Tra:r..-a_ Ins::rance and Tax Consultants to ..�... = a fe•.. z,k 0 rtw FF17 -" 7- .4011, 21 � am Ir r Banquets for 25 to 25,000... The Volume Services professional approach is aisc used in full service catering. We operate ...eet;ng facilities which accommodate from 25 to 25.: J0 people for breakfasts, lunches, dinners. and receptions of all kinds. No matter whom the custcmer. our dedication and enthusiasm for ex- 1 : cel:ens, serv,,ce is the same. Advertising and Sales Promotion Our ccn%nuous merchandising cf banquet facilities includes direct mail programs. ad•: er%smg and personal sales contact with ccmtnunity and business -related .: -..:cations Referral Booking tint:,nal organ:zat,ons bccked into the Volume Services convention center net .-. crk i --:e encouraged to repeat business in ether 1 Volume Services locations Special Menus e create unique catering menus for each t: iccat:cn that are attractive. flexible, and cover a ...ge range of tastes and budgets " i } t 4 { ii6 iis -. 5 YY4:.• ,,•q�. 1. ?13x 0) NO, WN 8E-1021 T!, slid' V!- `111"� Volume Services. The Leader in rood Service to the Recreation Market Our People Mana -iers %-.-i,.!e:s and :.-ai-esses chefs, desion-:--rs standworkers. banquet salespeople. 'Carte -:-leis a cczun! -ants. super*;,.s.,rs .. . ...- ; —1 -s of Volume Ser- 7,j :j- 7,7 p: o v e e vices a--4 Interstate United Corporation %%-:11 -)b .nest Our Experience Our Training car lcc-7,. .. Th:s r S a. Our Systems Volume Services C --n :-S-z S., r -ram an 3 Cu, C - MP L;*e: Our Financial Capability C-:1 PT C, .-.,e ha-.-e the f:nanc;a. .,-.ex1bii-.,, req-,;ireci to ci2 !.he job Our Pride We eln;zy c-= -.-;zrk and take 1-!i-le :n say- -n;; .-.-c- Jz) it best May yo-Y, 0 4-Unit Concession Stand 064 1. 1 1. 1 • �� 60P 86.' 1021 I i 0 40pr PUP - IA o Al Ar N J mr, mom b From Olympic Games to the Super Bowl... Volume Services is There The Summer Olympic Games at the Los Angeles Coliseum & Sports Arena, Super Bowl XVIII at Tampa Stadium, and the Arenas. Con- vent-,::-, Centers, Fairs. Racetracks Recreation Area_ and am place that people oa!her for and recreation is here the teams of Volume Services are pro - Volume Services has earned a repu!a!:,—n as *h& ..... :., prl.fessizna. fc.-d se!%%ces ...:n the re:rea!:= mark•e• Wh.. 1� .. _. _ ..-erta:nment fac:!:.:es se'.ec: Volume Services .-_ te:: Management ..-.. �_........ a: •; _....S :-•e .::e ICJ'• ... Market Orientation se:. ; ti e Maximum Income Teamwork and !hE. I A A M IA... TFA`HTA AGTC'A I A F E NA a:.7 Ti:a �A.. - P:cfess,nra: Basetall Lea7::e D � •a WA Al _ QQSri. 10211 I 0 0. • 16 VOLUME SERVICES , I Ic 0 Thank you... for reading about Canteen Corporation in this RESTAURANT BUSINESS article on foodservice management. Canteen Corporation Merchandise Mart Plaza Chicago, IL 60654 80-1021 Thank you... for reading about Canteen Corporation in this RESTAURANT BUSINESS article on foodservice management. Canteen Corporation Merchandise Mart Plaza Chicago, IL 60654 0 I 86-1021 i lh.st�•.,,,f�.•nt„ .,,1, t•1f.�\:,.,:.L.t,l�,•, .,,.'..._;�.... .,:.ut..,•.I,;.t,�..",'+ ttt•In.t_rttlrttl + +f + _ 111tTt+)it lt\ Uff11/:1- tl,vll�n�r.un, mid um%er,ittes on the L: r I ,,r,.:. he:au%e tile% Mid 10 he r main a les, proms,. tits n:.lth.t t,+r Canteen I-lo+%e\er. the :olllpan.% has recent)\ piAed up In addition. there Is ; '!:nllal for the Gulli\er's con- :cpt In :++fle e, artd urli\erslnes. par' If:u!.:il\ tit the gn+\\ing are.i :onl- j I1lllillt\ IIe2C,, \\110se r++rulall++i1, .ire I.u_el\ made up of:omnlurllW student, At the Colleee of Lake Count\. tit Ilhnol,. the'"5-,cat Ciu1 ll\er*, Il)c•re does more than ��.tICNI In husine,s 111 .1 1%rival dad Correctional insioun++ns repre- sent another area of gr(m i h h+r Can- teen \.itnte that population tit this :.ifc orb is III: reasllll• at tile rale of .1hotlt '11 percent a \ear. Krpan p+unl, Out that prison adnnnistra- tois. ilk, their:ounterparts to health cart. .iri Iurt111W to outside profCs- I .1„nals l,, pas: the hy�rden of,alisk- ' ills, hill) the dentatlys ol the:orrec- 1101).11 ,),It'll) alld Ih++,c• of 111111,IIC r1:ht, aroUps. Alld I, III IIle :a,C of elelltelltar\ 1:114+1,.:orre:111+11„iftl- CI.11, must also deal \\ III) :,+r11111od- Inr, tmWail-11 rrogranis File rn.i- jorrt% of the eomp:itn's corre:uonal .I::++imI% venerate \oltlille of 1�1 11111. Iloll Or 1110re. I orlon Deiennon Ceti - ter in Vir_Ini.t +zenermes j_ ; nnl- hoil Canic•en I1:1-1 ei_llf corre:ltmial acc+nnlis Indlcati\r of the _,rowh Illode. most +,1 these a::omits \\ere ,),_tied \\rihnl the past \C.1r. Boolld these opptlrtlltlltle,, Ko/- 10t\41 sees a i-+rear deal of polentlal hostiles tit related areas. "We bast. Call\ \\III explore .111\ opportunitie, that :ome our \\:I).*' he asserts. "We feel that \\e ha\e doeloped a mum - her Of cIe,1011 :0II:C1st♦ that call be III tnuall% henrticlal to the :oIII p.ul\ Mid 1,1 the :heat In se\eral area,.:. Just .Is C\anlples. ho/I++\\,i.l cue, :ounll} clubs ,old 1o:al• lilt) mo11al cuff courses. i.of ee,hops and snack hors tit hospitals hilt nldependent of pallenl feednlg. resort%, mid selected nuhian feednl In addition. ,,r\, K /1, \\ sLl. the :++Illp,lil\ I,III\C,II_,IIIII„1\ellllc'�f,+r relate) nl.ul,lLemerlt ,cnice,. ,u:h a, hou,el,eepnl_ .nld hutl�lln�+ maln- tenan:e• \\filch \\ould heconlpatlhle \\lilt C'llileell s e\Islltl,_ :IlenI Kl,e Such ne\\ hostiles nli_ht he I,•- yuired or doeloped utter11.111% "Our altitude to\\ard acyul,in,+n I, poslli\e. pro%Iced \\e can Lind the ncht tit. Primarily, \\e'd he lookine :II food,enice. hill po„ihh tit relat- ed fTl.11l.l_cY11Ci11 ,\stein,." Ko/- Io ,I,1 f++resee, tip Io per:elll ,)t the eomptltl\'s,tNI.ulled ;'ro\\tll oc- curring thn+ugh a:yui,lti+,n. both ill term, of market till :Ind lie%% pro - duo senIce capahllity tine Ihlng, Canteen \\ill not do. cat111111, [Ile :lllef C\C:1111\C, I, stra% in and ,uh,tanli\c \\:I\ I'ronl \ ice. 'Ak e'\ e made a place for our- %el\es ill the foocl,er\Ice llIAIkC1- pLKe." th,ll', \\here \►e'll :,+nluuir to,lui It ozi r residents li%e in complexes of cot- tage. and apartments and function to a great extent independentl%. These residents take their meals in central dining room%. and maN be served b\ a waitress or eat bufTet- st\le at breakfast and lunch. Dinner is ser%ed at table. with resi- dents ordering from a menu which femLire% at least Iwo hot entrees. Although only about 15 percent of t he health :are market has opened to contract feeders. the segment is a rel- .tn)ek recesston•proof one. saes Da - Id \\ itten. national director -Health Care tin kion. The marketing thrust for the dii,ision w ill he one of "con- iiolled eyan.ion.— adds Witten. concentrating in Canteen's estah- Itshed strongholds in the midwest. s0uthcast. and northeast. Currently. Canteen has about 125 health care ac:ount%. about SO percent of which With the country's economic base shifting from smokestack to service, Canteen has protected Itself by pursuing the more reces- sion -proof white collar account. r are connpa n�-oper ted and 20 per- cent of"high are franchised. Education is another ,_ro" th area for Canteen Ha\nng recently ac- quired Preferred `teal S%stcnns. a proi,ider of plated. pre -portioned lunches to school children to grades K-6. Canteen can now pr)\ide full- ser\Ice lunches to schools which ha%e no prep facilities Another ad- %antage is that I'N1S guarantees the cost of product f')r tip to a %ear I'mS'. market has been expanded nationwide, and according to Krpaii. Canteen expects the demand for pre. port it meals it) grow. This additional demand would au„- ment Canteen's more traditional business of prop iding foodsrr\ Ice management to school districts. Krpan adds that one of Canteen's pnman roles in pro%idnng foodser- 0ce to elementan schools t% its Srlt-sc'r)cr hars like the Earl) Bard hreakta%t niodule are One temple o 0titeen's etl;)rh to Cut .o%t%- 13 [ rr.;:' ,.', • •, .r,'.,;`'.,' .'..,' ut.rnt h'..r[r,';•• In, hr,ln{_ [ hr,,i_ ', W!"t Milli[.urinr. _1!! ,h,`I" .1' `11 'fit'. flhhl,il- ,!„ 1, '11" 111, 1111i J.1 tilt- ,. .t!! •,� I!:. ,,h ,J!} Ir 1AIIII-, to I. ) .I,11!, .11:.I I',�.,, f� III•'1, .ttl,l III`';, '(�i i1111_ I',11t1,111.11- I\!\:11111 A II , Ili\\ hI „• -:!u 1.'�.IJni I„ tiII111,L'I,::1lI11:111 ,, f,, .l 1, 1,, (, JI1, ,1 1)L1'_I��„I1. I\i L11• i,f c11,,,,I,. .•i I)i:cl,l.,.I\, hll`.ul. II,, ,17, ,1i ,n l'llll,l,ll.11,V, .11, ,1i:i+lll� Ilh: If dwIll • 111,11i :,h1-a011,:1011, it, lhr loll ,'•- 10IN rti:,'t, Of DR( r, f,ll,:111iJ\C1- .1_r h,"I'I:.II ,1,1\ \i.`\\n ill,• :h.l!. I,h4f,ir\l:r I'hl'1.110t, I, .t .Ili I.II hI, L'I,I I I A \1111 7 1 I, h,,th .1!,,,.'.tlln_ 1•` Iht' I�.Itiini .tnlf Il„n. Nhlle ;irhrommatc)A, '!I! It` i1: iWA.T111 Ill, hr,lhh care a::,nIIIII .11: Ill a fir hwi,. Ihiri i, it twist to- \\ard, a gu;u'anlecd :I„ t err I,aticnl \la\ basis. \\hich funcnow, it hot nu,re Ill,e a rS i a::stunt. ,a\ • Jmtnl� Bhihar/. district manarrr-,lh(.r,t- ti nts for Canteen's 11c.ilth CJIt• Di\ i,itm. Canteen',, health care a::,fun!, trlltl hf hi:ll,I,�111rJt'll I,f 111i h.,111:"" h,Ihlll,tll,�il. Nhll: ,till llllll/I11_ IhL III Ina II h,l,l, rInc r.ttttt_ , ;ni\i,\,Irlm I I,rinstan:e.Ihi stein, ol ;I ,Ill.11lir ;1:U1: :;Ire the R,?-hcd Ltiw,lr\i Ho, j,1:.i1 i ol,111r. Ill . are suh,l.ullt.di\ ,1W.I- illl lrom th,­L: of the Ill%:,in\ Iri'I,I11 iloil)t , In I '•.. Ill . , Ili Of'.1 `_I', \111L IILW0 I 01 ,lihintlint ,hlllrtl-:Jli 11\ul� .� plem.., 101 ihr iltl:rl\ At Ld\\.trd. \\il:ri ih:,• _ ' ; .. th,u: '11it1I1, I,ll:h ;1, tllr lll,r. III addill,fll ,Icni,l nlenu,I l et ;11! r.t',,:fit, ,',!, Iwill a Ilc\\I\ i'.I11f ,i\li" 111r11(1 .Iri,l ;tit l,agl t, :,','hill. 11) Milk. I,',`1',ii: \ 11o% ,1,,- ,:r! ;Jrl. \\hrili,i u!!• r'., I�,ttl.: ' , 100111 ;it Ill: rill of Ill, nli,1: I',I. I:il;t,`li:, Ill,' ICILMl,tll: At 1 hr Pic,h\ tirl.ut 11 S. 11. I,. I'.,•, .,.. .r!. rl'.;' ...I: r: ;`.ti, ,`[-(,1111„ ., 1, ',I ii !.'..;:;r_ V _ .. - 861-10 21 e. I?l.e Acoinirll_ it, [).tit hi -rail, re- :1e,111011 .I:C0lIIIt% rase Certain ell;ll• Iell _i• Iho tend It) he I,1nL-terns 1 :oilirii t% and the\ tend it, require ,uh.t,ultlal Ill\e,tnlents. In addition. r1 Ole field I, :rt1\\dcd \\till competi- wi, to oltnl_ fOr a riece rf the leisure w.lr!„•t it) protect thenl,el\e, frtlnt t \1,1s,lllldes tic the tradlitoll,l! 10,1 •:_Ill,nl. K;,rcmion ,::taunt, ,list\ lend it, II?, hi\ .i.l,t1n,11 m nature. ,gild a:- „`1,!ul_rresl- i ,i,;i!•I-e:le.11l,tll stir\lie,, tllhseltlll; lhl, ,Ca,ton,1111\ 1, tine tic the dill s;,•n', ht_:;s► ,hallrn_:, In 1'ellt`\\ \.itional Park for nt,ian,e. 1 \\ hire C.ulteen'e I\\ Ser\ 1,es dr\ t- i ; ,I,`n berate, ocr\Ihnl_ fn`nl food- ,; .Illd l,`.l_iti 1_"rll' rooms ill i- j _11; s,p.lr,lte I,a,llltlCsl It, I,`ur hus- i ' .Wd hoc ehack rides. ill, I,` `Ill per. I re\rnui, .Ire `_ener,lted ill ,I 11 ,� •� �-;n,�nth perl,ld In,lddul,ln. enl- I:.'\:hint from a full -tint: tto a ,Cas,1na1 hl_h m.l!s,n_ Ir,umn_ xid I ,1:unnint 1 \er\ 111111011.1111 \!tht`u_Il aided I,\ the Iait that lj'j'I0\IlIIJICI\ half tot the 111.111,1_ers I11,1 :;1, to ',0 percent Of the 11OUrl\ \\,`riser, return each \ear, the first.• 1.1\ ,`rlentaiIt'll Al YCII1\\,1,1ne 1, :!m,:j1 Sa%,1111 Fin:hle.e\e:uti\e \ i,c• president and general Ill.11la_I-'er Branch general managers have ultimate p&I res- ponsibility at the unit level, a sys- tem which puts decision -making power in the I hands of those that know the market best. `t IIICiellto\\,1,111i P.Iti. D\I,It`n,`1 It, :,Cl :1 \\Mole tie\\ ,1;\\ tal h,`,Ir,l tints read\ I,o \%ork ill ,I master Its Ill,o,l ,ol_,IIII/,11;,111, 11 Likes \C.Ir, It\ tle\el,`r,l,llltllre We h.l\c 110 da%% It, tit` It suits Then \\e lia%c I,, tit+ it all o\Ct a_,un the nc\1 \car Pride ill the I,1h mid nior.11e,lie :ru:t,ll. hc:ause those Ihnl_s ulll- m.11el\ alle t the yuahi\ tit the \i,i- t,`rs' e\rertenie In ill,- r.tik „ \\ hell I \\ Ser\lie, Ita`I, t1\er the ,::,hills 111 lu'y, the ltod,tlll_ 1,I,IIIIIes ! tillIt•,bnur_ 1%tare!:r,el t`l (.rnl„n', nrt1lrrrrr,` calla.. \\Cie III a slaic 01 ,II,I,r,11I ,Illd 1,1al Mid he\eril_e \\as .uh.tan\I,Ir\I. ie- i;ills KIIiIui. III ;Ill Lill pre:endenIcd inme. theointract that IA% Scm,e• nc_ coated \\ith the National I'mi, Ser\ lie i:llled ftlr the ,operator It, Ill- \Cst =2fells. till e\er\ dollar ,ol ,,Ili, ill the fa: illness \\ hli h ,Ire to\\ nets II u l rer:Cllt h\ the Pork Scmcc. In a,ldi- tI011, L011 -Css h:ls ,IrrroI'!:.II:J (tillds it, ulo ti`\%ards re\llaltItalian `I ielltl\I,Itolle. It, I,Ir=C,1 I'mis result. 111 Ser\ lie• has ,rent ,1 ,uh- sl,ulllal .1111"wll t`I' llitlrle\ till ,11; t,11- _oimz ul,_rade ,of htlsrit,lhi�-rilat;,l !,.Irl. i:I,llltli,. In,! idmg s,mil- holl It, :oII%IrLIt.I (it'.1111 \ II1,1_C. ,I IIC\\ itlllll)lc\tit It41_III_,Int! \ Ise t111 I Ac ) elIo%%%t,tlie In ,order Io nl,l\nnve Its In\;,I- Illeltl. the . olllrall\ 11,1, l,lllll,ll;tl .I sari\l' I,` IILI;,I,e,`Il-,C,I,t`II I'it,il?i„ \1101 of lhl, thill,t I, \\,11t1, 111, ri,I,IlI_ hu,llle„ dill ill-. Illi \\n11;1 ,i.1a`n.\\hill urlt`-Iulul,11', f.111,,`n thi rarIs 1 \\to h.';;I, Ilt`\\ rt:111.1111 ilpCll ,Illrnl_ Illi \\Illk.r I11t`Illlls..111d [lie .olllp.lill Ill,ll111,1111, l Heil of ,1\er then, \\ \:hl,l;, I,` Imnsr,ort supplies and \Isitor%,dikc: III ,ld,illlt111. iII o\%%I,`IIC I, hills_ r1t1111toled As ,1 hiI%llles, ,im, r,lurlll_ non-rt:.ik nionth, 1111.111 o'll\,lllit`lls .Ill,i nl;elnl_s sire als,1 file ft`,u, t`f.1 snnl- lai markelin_ thrust ,it h\c I)h1,) State I',Iri,s. \\here the Rc:rcan on `Cr\ lit', dl\ I,I,oll operates ,111111.It' 1,1- Climes. And at file dl\ 1s1,111'♦ Ile\\ ,1:- coun► tit the F\er_ladc%. a rr:hmi- riar\ Ilr_r,Idlll1_'0f1.1:IIIIIC, there h:ls CII,tl,led tin' ni.lrl,ellll_ stall tit rrto. I11,11C file till Illthltls of SeplClllt,er. October mid No%eniher tin a hasis. Some tit' C meteerl', tether in.I1t11 Recreation tier\Ices ACCO IIIts Ill- t:lude the North Rim of the Grand Ciinwri cat Armin,. NASA Kenne- th Space Center'. Spaceport l tiA. I number ,tt state hta:he.. mid park, III CalifOrnta. Mid HC• F'laee. a IIC\\ Sta- dium comple\ cat Van:oti%er. British Colunihia. Areas of pot enttaI oroml1 IIIIJULIC 0111\CIIH011 :Chief'.. /fists, and stale chid national pall\, \\ title C:IIIleCII's re:rCA1I tllal .1:- :t11IlI1s II1\cal\C 11 Its e\el'\IhIII_ froill r'lllllllll_.1- 1!:1, stations III I11.1111la♦ to 8E-1021 71 ;clehlaIt' 10 _5Ih all ltrtcIsaI\ of Ihr p I.II I l oil tilt• Ncst Coast \\here the\ tirigIIIJICd, blllld-\our-o\\n harS are part it: ul:Irlpopular. although their poptilartl\ is rapid)% spreading across the C0lIntr\ to more tradi- Ilon-hound markets. These bar hate also pi -men a, adaptable to Io\t-hu"'yet account, as the\ are io the flagship accoulits \\here Can- teen's n1-1101.lse architects hate dc- slelted the fa,:ihiies froni scratch At the Sant., Clar.i Count \ Gmern- nlenl CCfi1cr In S.111 Jose. Cal . for fit- ,l:nlcc. althou,0i Canteen has had iili Jk';'Olilil f,or Ile p•i,l elghi \ears. the f,ao,lscrl;r fa,11111 •s N%erc de- ,igne,l h\ the prolc;f ar;hne;i and hI_h I.Ihol ;,1sts due 10 desi_I1 nlefli- cirn;lc, t\rrca;,on,t.ulipr�hirnt In 1.1, 1. less 01.111 .1 \ r.tf ago. the 1(N i•,CAl rc,t.,ur.mi p,ltmmof thcfl ilt(\ \\as ;i,1s;,1..+nd ,+n!\ .1 ?lul..c.lt ;afelrrfa n'nl.uned Ill oper.dwil l fill lilall l_• rr Ro-cf A\,on; sol%cd the prohlclll h\ In,;.1111ni I1Ilt1111c,rlf,rr\I;chat In tilt ,nlaller dJnnle area. Mid ofli'r In_ .In lnlntenu•lt ,u;er,sful M-Ihr- oun,r CIhnl; f;,+ld bar i im ch:ilr_es dx1\ No%% tilt- fa,fhl:1 profit anti los, a"olJnt M11;11 i, (11ml to the putlll_ h, .:,t, 111171; of lilt' lool\r,t t+a1,1 t0,1, Ill lilt- c,ofllpall\ s Iij.% .11 t.t lalkin_ ahoul \\Iml Call- 11 IJ I f 11 'It' " Ircll 1. cak Ien \. �%C,IeI AICA \lit' presldrn) Ill)- if \\1will •%\,kill', :I,oIifIII f,111, ,11e,1,11 , h.tl ltn _; t, o pro. \ 11hI_ f0f I Ilt•I1t Iit•e111 ,Illd ,.Ili,k 111_ lilt tf1,1.11110 \\hell Ilse fa;illl\ I, Ilsol „ll Ills pfltml\ list fslI repair, and 1111ph1%enlcnl,•.. Sit, If .u) .11111 udc is doouhl\ nllpor- f.lilt Ill t11d.i\', e;on.1111\. \\hen Cnl- pllo\crs arc taking an c\lri-hart) 1"ok at lilt. \,flue of Ihr henrlii, Ih.li tile\ pro\ide And lilt' allitudc a111 111 lttel ♦i s Ire, .I t t,fp,lf.li C plI l Is 1,s,ph \ ~sots h+'/I,mski "If Is our re%ponsl- hllll\ 10 he ,IJ;;t•„fill Wide[ it,lldl- 11,111, ,,, \\t• tilld 11KIII. 11111 :is \\t•'ti Ilk, 111;n11,1he Illollh;r\\,,ids.pL,� \\ 1tl 111. fi.olJ r lt.1t', hoer tfeall tuts .. ( .nllcen h.t, Ile\cllyo,'t1 .1 numb;l s1f prj 121.1111, , Illd 1)' '11, fe, 111.11 t'HAN, 11 loll ,1,1 (11s11i1.1h1\ itself, haild. not 0 At ) elhnt %imie. Canteen operate, re,t.wruu,. /,thin,:. rift shop, an,i tour, the (cast of \\htch I, a general pro- gram to re•neg maic man\ of Its p&I account, into less spcculatl\c nian- agentent fee b;lsr, In addition. Se\- eral \cal, ago the ;onipan\ \\,I, cic- ccnfrahird. creming :I nc\\ la\c•( of grncr.Jl man.,_cr, \\ith ultlnl:lte rc- spon,ibiht\ flor the perfornianx of all account, \\illim their hrin,h. or disc ric t t here arc Ml conip.m\ - o\\fled bran; ic, \\shin tilt• Caniecn .\,IOff. rep, oriIng to one of 10m area \ I.-c president, "-1 1111 s\,It'll) has :Ills,\\ ed ifs 11) he ter\ trmcl\ fit our rc•,p,on,c to elf,ul_c, Ill the marketplace•." c\- pl.nns Haller. -because the people \\Ito ►,non\ file local market hest arc the ones making file decisions and Ihr tone, \\ if,, arc accouniablr." In addltion tit, it, company -m%ned br.mche,. Canteen is the tilt]\ food - Set \lcc cunlpan� of its kind to ha\c franchised locations in fact. frail- chi,ini \\;I, a major factor in the conlpan'%'s pattern of c\pansion There arc more than 130 IIIdI\IdILJI (i.fllchi,ed locations. operltut_ ni.unl� ill Smaller cities Accorinf_ to hu�loi\,kl. franehl,in_ a terruor\ rather than ._loin_ into It on a c011111.1- fi\-operaled h.I,I, \\as tilt, illu,i ct. fell\C 11.t\ of cliliillig .III :lea \\here the compan\ had no manaocment base. A, the compan" c\aluates a ne\\ area of the countr\. it de,ides cooperarf\cl\ whether it \\ould he more jlldt;itlll, t,, fawn; Ili,; the territor\ or conilt.In� ,operate 11 Mmc\er. ac;ordine to h,vl,o\\,ki Ile franchl,ee net\\tork Is at On, point re]atnei\ mature F sales. \\ hlch are nor In; hILICd in ieen's results. amount 1,, ahout nulllofi arltuall\. As in most sucec„ ful Canlcen'-4 frfli; hl,ees ll,; the sarile prograins and s\ %tell), ff"": in Canic•c•n', compafl\-operated .I; - count,. The% ha\e first right of ic- ftt,:ll tilt ne\\ piece, of husines, signets fit their lerritor\. and are fret - to take an% hpr of account --Ills, 1. health care.recreation. Ho\\c%el. most large recreation account, arc handled h\ the conlp.11l\" ,eparalc Recre. ion Sm ice, dl\ f,lorl. \\ lug h has the rc,0nr;cs It, pl:l;c• al.1101ls,- Ill,,ll, 111an;1._c•nicnl tcanl\ Ill the indl- \idual accounts Large recreation :Ic;IoLilli, h.l\, pro\cd \erg SUCCC„fuI tilt (.1111er11. M)IJJ hu,i- Ilt•ss Ill ,I.11c Mid 11,010I1al p.lrk,. con- \cimon centers. marinas. cmeri.tin- Illt•I11 :Ill"' ,poor). ;,,Ill(tle\r,.:Iiltl III; 8E-1021 N :ould add as man\ as 50 or 60 in the upcoming \ear. The concept is all .elf -sere. ernph.lWing soups. sal- ads. sand\\iches. and similar light tare Breakfast is also a\ailable. B\ the ounce serice is often used. De- cor c;ut he adapted to almost and set- ting. and t\pical size ranges an\- \\ here from shout 50 seats to more th.ln 100. A\eragecheck for the GtJl- Iner'scl\ncept o\erall Isah\\ut SLMI, _;ncrating a\erage unit \plume. of 61150.1 ) lip Food costs are Jbout ?b percent. \\hilt labor costs \\el,_h In at about _'" percent. Kitchen and storage space re- qulred h\ the GuIII\er'sconcept arc timunial, e\en though the soup•. chill..111d optional hot spe:Ial..Irc cooked on premise The absence of equipment requiring HVAC make, the fr.m1-end in\esnrlent quite lo\\ knother I% Gunner'. calenng :.l- Self-serve and by - the -ounce food bars featuring everything from soup and salad to Italian food and dessert have be - come a key com ponent of Canteen's com- petitive strategy. Pahllll\ At 111r :idler Planctanum, in Chtcago, catering corpr`rate. school. anassociation tlllictiotlsis;l tremendous part of manager [_arr, Posen's business. Despite the lift that the kitchen is less than ?00 sq ft., Posen can and has catered eight course Formal dinners for se\eral hundred people. The only requlre- nlellt It) hook the I'lanclarIUM or Gullt\er's "Crater on the Moon" dlntnz room tier a part\ I. that the host a1.o hook the planctanunl. Sk\ Sho\\ . Catering I. all rlrlportant t:J:et , t .III C'anteen's manual tivod•er\ Ic, ,count• as \\ell At a nwwr 1 li \1 Installation In Sall Jose. Cal.. where Catltcen operates toodser\ice III h\e huddnlgs, a. much .1. 5I1 per:ent j`f the hu•Ines. I. from c,tenn: func- tion, The I;Irge.t \%.I•:III opell 11}`ll.e for -0.000, held se\oral ,ears ,1_ ` I,, hke Vt'll ) . }rk *% Y .inkee Si,id m twit : +glrrhe al V�IIIl1.'.!!J1 /+ `r1J '!1 .`I (,If71.Y'!; hu,n , L� now-, V. \\,`!ki.! ill' l`!i-1,.l;k.l_c,l il.l\oC111Ls .lilt! h.tsi I111\i•s 101 otlell•llsid Items hk; s.nl;is and %nulls In :erlain a:• :hunt.. unn nlan.l_irs h.r\r been e\- rermwntin,, auh selhnc the sour b,1si ntl\is (hne fur cream .huh and olle 101 cleat ) to ctlstoniers. Thiotighhui its operations. Can- lein uses a if\c-%\eek standard menu \\Ill, It \;Imes \\fill the siashn. } Ii\Ihtlll\ it, Incorporate local fa- \t,rili•s of II_\ out Ili.'\\ Idc.ts Is Milli 111111 the .\slcm. manaci Will ; :h.h,ss ,1111011_ filesu__t:sled Ilellls a;;hrelnl_ 10 nred. and Is hee Ill suh- sllllitt., ill, ill ti\c Items per:.tIq!or\ (:Is lit ii:ssiris or entre•s1 ref :\ale. slihli;ll, lIll: .11,rlh\-11hllIll. dlstlla nl.ui.t_ir } hI ntst,ul;i. at the } cder- tl Kis;r\i li.lnk In S.111 pt,ut;Is:h. \\L•;!, the ;u.t,,rl;! l''`hul.ltt�nl ln- ;fu,1;s 111.1m -\s1.111s ,Is %%ell :Is sh- 1`I��s'I,.t'..'. it:;I,1;nt.11s. h,t•, 1n,,t.t olh,I (li lillLl! r,tsl- Ilis .tli ul;lud,,1 Ill Ihi nit,rnnl_ htTi rntcs �1:: 's!1\i s:1111t: t;;I111L{lles.11sh Ili!!` k;ij' ,. sus III IIIIi 1 or Illst.111cc. rn'_I.11n :,hied Mall.t i the M' suht!% il!,I'll r.l_is:usi,mlers It, !. t.,ls,t• ,: Ill .. � \\ I11; It ,II i 111hs1 s!•itTi,ll%; 10%L'I%i ()ni,1;h:%cIV nl.h:.tied It%!'..,..,ir, h `li' l opt:!.t! ..!t.l _•a,.l for �� II Ill,t;.11 •!II ,114! ,Ilia*ii or II: a si.t10, d rl,ltler) II; Ii1s ,ti; hl,,lll.,lid h\ 111c.11ts roster mounted srlali_I,al!\ .it Ill, hi_nunn_ hl the si l \ Ill_ Intl I II; ; t,llip.ln% also hashes' Its sill sii\1,i modules h) L „lint_ chin%. \\hini\ir rhsslhle. Il:,tlist ill. I,,,I111 ,,filth\ 111111i illl- ,I(olllhllled 111s1tr- .nl,r 1, I1.11nnt h:.ldyu.trl:rs lit nlsl.ul:e. Ill;cuing it s; ll •s,,l %; s.11lil\\till sl.11 on ticar-the il, •I ri,lu,i.l s.drs hl nl,,ri :t,.tl\ s1:.1111 1.1111, Iliills to io itt l,ir:iill t,l ioi.d s.1!:s. raih;l Ih.m Ills rri%1- us `11 r;I.rnl t,t sales -\till Ihi: ri- s1111.1111 IIUI'1 t,\iltlilll III I,lihlll:Il\ 11\ ,Ittii;ti I,, ;om!idle It, rill! 11,. L1,IIt'. ,1s a s:ll•sIIsLllillll_ t:::l.,%,nih•�u_Ilthe:h;nth.lelri- :tl. IiJu,i,I111..1111.,1L111 hfusstill ♦. !: ���� \%.Ill%;el I,, .Ii-illlrll.lsl/i h I t I \%Ilh•,uI J11111n.ltul: It." r\- p!.: !Is 01,i. k oll IL'1011.11 I,,,,.I dl- Canteen has used its network of franchisees as a means to enter markets where the company itself does not have a pool of manpower and resources. recihr. '• lI i're operating this I:i;iln\ the.:line \%:I\ \\e \wtild a rabid and loss :1::ouni " Despite the L1,1 ill.11 tins a;;hunt is 10:.11iil Ill a husilln;• tlr'h:ln ari.l. r:Irti;iratihn is r:r:en1 13%-the-ounce ser%i:e Is also, used \\hene\er the ottimin,n hermits The iomrall\'s hr-sl lhr:l\ fill(, the :oil- cef+t of by -the -ounce ser\ice \\its Ill the area t)f salad bars. but this for- mat has gro%%n it, incIlide sand\\i:h bar,, (sonle accounts e\en 11,1\e hotIt sere �uur.elf b� the \,tin:i \alld- %\ich setups and ear\e-to-order sta- tionN). ethnic bars such a. �9i\i:an and Italian. and build Shur h\\n :hn:ehls like baked Potatoes and laths Ciullner's is Canteen's self -.en i;e deli ristauranl concert Desi nisi prinlaril\ for multi-ten:uu tali:: buildings \\ here no indi\ idual itmant has foodser%ice. Gulh%er'i, is lit Ills irlli sense of lht: %ahrd a ruhli; rrs- taurinit. The :,,n;ipl is ala; an nr- rortant e\ran,wn \ehtae li,r Can- teen, in III.tt it also has hc"n su::issfull\ adapted it, co!l:_t . r. creation. and licalth care settin There are ahhut MO dhIen \er's in oreratum current]}. and a: cording it, Krran. the conlpan\ 1 rh' .-.ire Kwihrh•s 1;,r ih.• chiral% are a srhu th irea 1;,r Oniv n S. J N s:Ill, II ♦IIIII.IICn, [fills a sltln_ ,'1 l'llhll: rest,1111,1I11s I'AlleJ ltuIII\CI ,IIIJ oper.11t.'s I�, hole), \\11!! IIIII I.: IIIII 11 3,200 ItwnIs '%IIII 111.1netulsl\. Call Ieel I ha. \\I'! k,:,l it, nuke .Ill of Its olicrations nl"I L. Cosf•efl-ectr\e A pioneer Ill file h\-Ihe•t,tince method tit self-senice. i he :,'nlp;ul\ :owinties to rcl\ hea\ i- 1\ on till. ctm:epl Labor sa\nl_s h•1\ e hCetl .I_niti:;uu. hill In aJJI- ,�, n. .,1\. rrp.ut. parll:ip;ultln 1. file 111ethl'J :IJJresses •:,nlL'T n:eJ. hetler than set .!1•';.Cs ,IIIJ set pt'rtll'lls. Ill :IJJI- '! :l. (lie :oIll)\,Ill\ has Illadc a illalor ""?1t111C111 II' :oorer.ilI\C scr\I:C. Il1C:hoit prok,Ittes 1't' IeAsed e.Iulpnicnl \\hlle 1`roi,ides the pr11Juct Ac- t,' H rennet!? Halter. tit- . t 1-iodu:t \ market plan- .on:cpi \\as created ,ter !t' .IdLlrCSN file Llt! n.. \\here the :011111an\ Could Clll- \\llh Iladiil,'11.11 full-11nc :!:.•.n. Ill I,1:1. 111.11 ,1 sip,t!.IIC JI\1- 'It 11.1% heCl1 :I'C.IICJ \\ ithul i ,'oJ ", ;I!JIiI_ it' aJnunlster it • ;e, Ko/lo\\ slit. "()ill- su:ce..Ill ! lie 1 Lllll'C Is pfCdl:,ltell h1 IRIr Iil_ :I`Il imimcm it, 11ro\IJIII_ file !C\CI 11 quahi\ Ili product x1d Ill.m.1- Neill. anti it, lit, till% till Ill,: most :t'.t CtlCall\e h;l.ls." 11C''!l,1ps tilt: %C\ :,'Illpollellt tit !! %irate_\ I. the C,►)lreen (lualit\ I ," d Sienice Pro-,r.lm (CCJI S11)..1 _notlp t'f h.ick-t,l*-Ilie -hlIli se and ir,IIII- t- IIIC-IllWsC 111.11lt1.1Is \\111C11 .et torth file C'alllcen standards (Or c\ er\ :on:el\ able operational proee JIIl'e. imi ng, Ironi production lCCll- nitlues It, phic presentation anti Hier: h.tnJl,ln_. "Tilt: heave\ of this oroeram is that II enahlcs relalt\el\ un%{ illrJ la- hor1l'su:cessfull\ produceand mer- :ILUldl.e the C.Illleell 11R,Lrain.' .:I1s ,,%m R,'I,m%0Ii. dlrCClor ill dl- CICII:. .111d file chief :Ircimecl tit' C'01141' "Crc.1me people call eo tallh;l h\ implcinom l_ their t,\\n iJe,ls \\(Shin ill 1'r.t�ie\\url. tit t,p- 11,'ll,tl pl",1,_Ialll♦ " ((►1S11 \\as mitoduced tit 11)"ta 6 (i11lAt,•r'...*-..•PI"t!t•ll r.l,,'.rlI,VI:tJII'rr:r,•It! -lC).ur!,•Ili.,''•;u?,!:r ,rl1J is tithe: t r\ el\ Ill pla:c Ill .111 Can- teell ,I::oullts :t'1111',IIII,'ll prl,- = rail ties unit maimocnienl'. incen- fr\es it, him ch's,l\ file COI.11' '`1011J:IrJ%:►re tt,llt,\\eJ III addition. .I,IIIJard-he:Irm1'1 ai:t'tult. I11.1\ lie Jesl_IIMCd ;1. Irainm_ :emers too Will mallal_er.. C Q1 `il I' llctlon% as ;1 i`,ulern for \Irlll.11l\ C\Cr\ I\pe Ut ack.o nt :t,il- rnl_cn:\, For Iwomice, manu.lh on Hot FOOLIS anti Cold foods are ar- r:ul_eJ h\ module —such a.Soups'It Such. Earl\ lilt Ll (hreakLisi ). Farm- er'. \I.lfkct (salad hars). and Main F\em (traditional hot entree•) —so that 111.111:1_eillelll call adapt the pro- grams to the requirements of a pair- Ilcular :ICcolllll. Sllmllet a::oullls n11_h1 h:oe ,,nl\ tine Ill till i-purpose .elf -.en ice area. \\ pile hll!h \ olunle ZI Cot1111. Il11Lh1 (llld it 161.11711C It► hat\e separate ser\In_ area. Gir file salad hair. a tiuit har. dessert., ell 1110 manuals alloy tOr all such \artation. Full -color phmo_r.iphs Illu.irmc ,lep-h�-.lep dpproaclic. fur ploce- .lure. like paimmu, hot 10od. tit h\- 111_ tali I lie salad har. Fell nici':hail- JI.III_ Iechnlque, Such a, the ilI spl,l',s ahI'\i s:1 III_ 1111:s .It: spCll:.I kill h\ 111C hI`url\ t','•al.er\I:: \\,`rl.:rs t ' pat Colin the I.I,I. In ,LL}ut,`n. lire Ir.rl 11.1!s,11etl.etl;!I:,'I?;llll:lt.`!t \\!I!'. !1IT and :''Itt J,ul, ' lt,_ ,1•IILJ tlhhl ItCill 1, s,I_: ,1_.W i t�,retasled u�a_:. -InJ I'01 nl\::;l, I \ Alld I'f 11et pill pI'.es i I' Illsll re :I'Ilslsl Clll tl ll.tlll \ 111 I,rt4lll:l..111 ra\\ Cood Is ptll':11.Is:J II C•cuff;en'..pe:lli:,tll,nl.,ln,l .Ill pes .Ire Niand.lydu d. Recipe !1'..m- ll.Il. 111,111tIC I1111'I Inallt111 I'll tItI,11111. IIC. I'Cgtlll CIA II,I' % X 1011..,lle. le\ t'Is For I.tr_e \plume o counis. Canteen Is pipit IC.III1: a colllptlt:rl/Cd s\s- ICrll .11 (lie I11\t•rs11\ t'1 %\ I.:I,11.111. O%h rt,.li. \\lu:h c,lll Ile IISQd Ill shrink ore\paid recipes nunlherot'people. Sa\.I red Nichol- %t,li. \ Ice president -nation 'if sales \iI- reclor. " f llese piokill: i 1,111 .\.I Clils Are unitlue It, file nldusln..1nd _ne it, 0 ,(hale \\ 11,11 \\ C re dt,- rll's. .are \\e pt,rflonul_ :t'Irr:fly' Ale \\C tl,IeC.l.lnl_ .I::111,I1C1\ mid 1hIII_ UIII' i\:IC 111t'Ilti. It, file hest Ill ;Iddilion. the conlp,ul% 11.1s 86-1021 %tsion can be classified as manufac- turing. And, to part due to recent re- co%er% in the econom% and in part to Canteen's o"n impro%ements in op- erauons. these accounts are shoN ing marked netk strength. The compa- n%, %%htch did humne. as Automatic Canteen Corp. until its name was chanced in lQt h to reflect its mme- ment into manual food%erwe. con- nnucs to operate more than 2W %cndmc distribution center. and owi-. ncarl% 2M.O(0 machuies. In %endurc accounted fol .40 per- Cettt ofsales "%%c'%c restructured sot as not to Walk a%%a� from industn," explains Daniel R. Krpan. %ice president - marketing. "Rather. He want to he - conic less dependent on this type of hu%ines. The business mix is changing .. Canteen has aggressi%el% pur- sued "%%hits collar" accounts. In fact. %%ithtn ns Fond d: Fending di%t- %ion. 90 percent of the ne%% accounts booked in the last four %ears ha%c been non -blue collar, according to Krpan. In addition, the eompan% %ie%s seeral ne%%er markets as ha%- ing high gro%%th potential. including health care —acute care hospitals. t and retirement and cony alescent home —leisure and recreation, edu- cation, and correctional institutions As a result of this push into alterna- ti%e forms of business. Canteen's prodigious list of accounts no%% in- cludes eer%1hing from Yellom„tone National Park and Yankee Stadium to The Presbyterian Home and De Kalb Count\ Jail in Georgia. In ad- dition it) handlinc more than U00 traditional manual foodsemce ac- counts and 100 executi%e dining rooms. Canteen operates a dog track. o%►ns a company \%hrch pro - tides pre -portioned lunches to ele- tit. M.ur.r_crrrcnt st.111 (I fit r / D, or Sch,u 1: r. I Ld Racluc. Lee G(r.c•. Due Finger. kin .-Garr". lip,'.* Jolt': \411'.r. Govev l:)nnerson. Bob h,vhm,kr. And Du1Ii. Larn 14} kt, . Gwr'ge Toner. Karl Sedlarz 11:! heir D.rtrd•,vr. Rrl/ a arl% n. F.1/t,�t KnonoR: 1-cil Arcs. D.rn Krh.m. Hj1 Br, .ur. and Darrell no t f Canteen: Profit0 ing from a diversified portfolio Bonn a \ending compan, ill 111_U. Canicen Corp. has sunned challe- 1112 Ck t\Ilk\Illl, tide, and it %Llc;C„loll of ditfcrent parent oreaniratlons hli rcmai n . .idaptable .Ind tomard- thlnl.;n;_ \ol )use a \cndnle n\ .In\More. Canteen lla,dr\er.itied roll\ Milo the contract foodseriiice 1rina hi. ,eckinu ai- ;. tints nl the business S lndu,tr\. t'C;rc.wtln. correctional. health care. .Ind educ.ltion Segments. In lQ81. Canteen a:hie,ed record pre- ta\ rr, tit. ,'f �_".h million on re\enue• t "n" I million. malsin_ it the third LIl est food,er, ice management coniran\ in the countr% in term, oI re\enue,. behind onl, ARA and \Llrnott E\plain, Robert A. Koilo,\ski. \,ho capped a 15-%ear career \,till. Canteen h\ hein_ nanied Its presi- dclll and ihlel e\Ciutl\e othier earli- er this %ear "One of our biggest challenges today is hemp able it, an- ticipate -and react to the changing nature of the marketplace. For e\- aniple. through ,killed management and the ihllir\ to he fle\ihle. Can- teen „as able to react quickl% during the recent recession. „hen \\c con- tinued to maintain and grtl\\ himom line prolitandii% despite \olume de- cline, in sc\eral of our major market plaices... Koiltm ski refers of course to the fundamental change, \\high Italic been occurring in the American ccononl% mer the past se\eral %cars. iall,lllt! a,slllfl front a %mokcaaik- ha,ed ;eolh\Illle ,,,teill to title of ill- forni.lt .m. io111Ill till 1;:ilion. and ,er- \icc nldusirie, IThrou,houl the lilld- and Iale "11s. „Mile C:alncen', rc\enues _re,► slg-dil\. its income dlpped and %\\a\cd. a %car or t\\o of In the past several years, Canteen has diversified into the realm of health care, re- creation services, education, and corrections in order to strenghten its bottom line. impro\enient follimed b% one of dc- eline Mosil%. the declines „ere the effect of \\ork-fOrce reductions and plant closings among Its traditional large industrial clients. It \%.is clear- I� lime to di\ersil•\ the husulc,s hasc. Canteen's stratci* of \,gathering stillness in hca\\ indu,tr\ h\ en- trenching solndll, In less i;\Chcal 1) pas of accounts —like hulking and high technology —and h\ dewmig a great deal of its energles it, such high-gro\\th areas as recreation and health care. has been re\\arded at the bottom line. Despite the fact that re\enues dipped in lyti? to 5750.1 million from 5785.8 In lyrl. income rose SIA mullion. to :'_.b million. in that period. All increase in net ►n- comeol'22 percent III Itl\Z I,al1C\ell more posit, e harbinger of KoAl" %- ki's plan to su.lain a compounded annual net income,rowh rate of 1' to 15 percent o\er the nc\I li\e %cars. Mcan\\ hile. the past 15 \ car, ha\ c posed tither challenges. The C'hica- zt�-based itt111rMl\., �,\\netsh!r Ills changed four Ittlles sII1;C l`1tjL). \\he'll it \,as acquired h, ITT Corp In Ill"=. ITT sold _0 percent of C.nl- icell's stock till the open inarkel .Is part ol'a Justice Dep.trtilicni decree. .end Canteen hecanic an indercndent rtlhllel\- held conlpan\ The frllo\, - nr_ \ear. C.1111cen \\as snipped up h) Trans \%orld Airlines. Inc. Are.ld, parent of ililton Intcinatlonal In J:Inllar\. Ill-O. a tie\\ holding conlp.tn\ c.Illed Trans lit orld Corp. \,:Is Formed. %%till the mrlutes. C.ut- leen. and Hilton heconung \\hell\ o„ned subsidiaries. In the ensunlg \cars. Trans World also cnicred the real estate business \\till Its Icqul%l- non of Centur\ "'I, and added Aldl- nonal tood,Cr\ lie c.ip.lbiht\ N till It, acquisition of Spartan Food S\s- leniN. the imner-operator ill the Outing%', Famll% Sicak House chain and the countr\%. lar_est ilardee's frani:111,Ce, [)ill de,plic the comrlbll- tion, of Its film non-:urinlc hu,ln- e,c,. Trans World'% results \\ere he- 1111! hurt h\ TWA*% losses. and ill Februar% 1084. the airlines \\as spun till'. Canteen's parenl ,\as sub,e- quenll\ rechristened Trans\,orld Corporation. and In the t\\oquarters since the spin (Ill' has ,ho\\n protit Impro\ements of o\cr I(X) percent. C.111ICgn', longstallding autono- ill% "Rhin its parent oreani/ation has enabled the companyto pursue its tmn goal of di\ersiticalion \\ithnl the foodser\ice IlldLl,lr\. Yet Ktv- lo\\ski .and other members of the Canteen ewcuti\e leans are quick to Point out that the compant, is hi. no mean. ah:uldonnta us Industrial contract and ,endm, businesses. More than a thud of the .1 COUllts in the company's Food S Fending DI- A BILL PUBLICATION FAST FOOD' 77 6 November 20, 1984 �A a SPEC/AL REPORT.• '47 yyyyyy There are a variety of ways to develop a business. Take foodservice management, for instance. Canteen, in Chicago, has grown in its 55-year history to become one of the nation's larg- est contract feeders, with 1983 sales of more than $768 million from about 900 manual accounts and nearly 200,000 automated vend- ing machines. The company has maintained its strength by diversifying into all types of contract foodservice, including Health Care and Leisure accounts.. I City of Austin NUZ Event Facilities Lesta;, E. Palmer ',a ••c h 21, 1 M Auditorium City Coliseum TC ::t!C" I T MAY CC'.'CTRN : In Oc tcber of 19;`?. Volume Services Inc. ..As ay.arded the food and teverage sorvIce contra . ir, Pus'.ir's Puhl is E v c,r: Facilities. T':_ c„arce f,•or' a lcca. cunceLsii:r t(i s iat'_na'. fD' 4 arc! Bever:"F ccrr.,ar.v has o`'oven :o t a vE--y pcsit �e a:varta,E .n u::` 1:.= Lee ce a. _i. Volume carefully Panned the ti'ars.ticr, arc' curried it w-t:: no i.•terruot'on in ser- vice to our cus ;.;::-.e•'s . Oncz cn tcard, V,ey began renovation of o,. c^!:cession areas and have to - date Trade major i-rrovernt: to both the facilities ar,4 equipment within. As a res!jlt c` -.re;;* effo.•t anc.1 we are generating sore of the highest per :aorta it the cointrv. C :► uw t manac27erit works cl:sely with r^y staff t; provide v::., Ecv r set-;:c s ne:essary :o best serve the even:. In Cu- `:._:lity we rar c-.:� :� e.r : tars ?a_t :�cr, ar.c' trey rarge fr:- %!,c'e:ns `_ :50 cornuraf.c e..�cu: ._s to F.r^,;' .__.,.a:��inc rocr, and roll . fa-,_. In all cgs=;. Sory ices h,;_ c?;•. -ed to thN reeds of the event ar.. t_a5 rr:airita,-,e: the q„olii.j standard :.. c.:-I!��-r:ors hate come to expect. if yc:. are consira a Tout' ar,c' bFve .Lnt,-a;t nor your faciii,ie� : ., woulW" encourage j�u tO loot. at what V01u-'2 5er•,ices Inc. to offer your operation and y;u,• customer;. They are t., J), a rrofe5sional full service ' food and beverage company that have made cur customers iirra my staff proud to have them in ou- operation. Fespect`ully. Rcn k'cod Director R;J: rvb 1 CMMf,-%O/ " CONVENTION CENTEM August 21, 1984 TO WHOA! IT MAY CONCERN: In April of 2982, Volume Services, Inc. was awarded the food and beverage service contract for the Fresno Convention Center. The change from a local concession operator to Volume Services, a nations: company, has proven to be a very positive advantage to our food and beverage operation. Volume Services carefully planned the transition of services and carried it thro-sgh with no interruption in service to our customers. After the transition, Volume Services began renovation of our existin( concession areas, and have to date made major improvements to both the facilities and the equipment. Due to the efforts and expenditures of Volume Services' management, we are now generating some of the highest per capita we have ever had on events. The Unit managerment works very closely with my staff to provide whatever is necessary to best serve the customer during events. Volume Services has always made every effort to maintain the highest standards and quality our guests have come to expect. R ert A. Schoettler Director RAS /wan A 700 " W' STRUT. FI UNO. CALIFORUTA 93721 TLLEPJ10:;F. (209) 48b• 1511 86-1021 :a Y I is i ! Pompano Park November 8, 1984 I io h'r:m It Fay Ccncerr.: As executive rice president and general r.•ianager of Por:pano Park Race Track, it ':as been my pleasure for the past year to ti:crk with Volur.= F:rr:ces Gcrperation, our facility's foot and a. Leer ace catc:c:rs. a� Vc:lu-:- Ser•: ices has s: rved Fcm-ano fcr the last 12 ycar s, and we re: Er,t 1y e- _: e� a :°.e:: tEr - •ear ccr,trr ct w th the^ ir. C. �K i� Tnc'.' r.-ave Eh--. :. a Ei::cc•r C tc do their Fart in kc-te .^.0 �i Por%panc as r.=dern and bc-2.::1Fu1 as it is, having r'.id•: r.ajcr ca ital impr cvenents In several arEas of the <<ci lity including rer.:, v, bens to t':.- dining room, liquor hL.-s a.,:: private clubs. I:, regard to the quality of product and service, I am well setis.iec with the way t::_y-rcvice fcr cur patrons a.-d the• wev the:' ser�:ice c•ur 1,20� sca: czr.ir.g roo:.., our ccncessic:, SL(_ •i.J anc OU_ 1r h r. ,..,.r I- Fc.._ticr., V_?t::-.c S_rv_ces r.2nagemen_ at F_r; Inc is c,--tc r:5t_..:. •'C tc Cur neECS a:,: the nee-^s of curFa:r�n5 as well �= i:-7.- :cnszt..'e to the :cr,ar.c Park c;-c_a ic'n in c_.nera1. h.:C...: 10En:r ... ��_ _ -"E Services and wcL'.G rECCrr. E•.d t}:: fc_ fcce. etn' teve.ace services at ycur fac-' y 1'. i:ra vc ry truly, / �. Y.:3:c14 S. Duris E�:__s:it•c Vicc Prc.4;c.L-nt _ Kona c:• 5 NSD:kim • The Winter Capital of Harness Racing i pp��++ n IM' S(1l'T"F�T THM, STREET PO%IF'&%O IBEACH FL 3.3r6 86-1o21 aimea Falls 01ark On Oahu's North Shore August 21, 1984 To Whom It May Concern: In 1978, Waimea Falls Park concessioned it's fjod and beverage operations to Volimp Services, Inc. They agreed to employ their vast resources to maintain our very high standards and maximize our profit potential. This was really a fortunate marriage in many wa7s. They improved the Proud Peacock restau- rant serving light lunches and fine dining in the evening. Volume Services has also vastly improved the sales at the Country Kitchen, a fast focd outlet with 4 windows. Several other food and beverage outlets on the property have been created as well. Catering special functions both on and off property for wedding receptions, polo clubs, political functions, and the like have boosted our image i=ea- surably. Volume Services's crowning success has been their ability to create elaborate theme parties which our sales people are able to market to the luc- rative travel incentive and association markets, competing head to head with the highly sophisticated food and beverage departments in the major P..onclulu hotels. The greatest part about all of the increased business is that all of the un- :; pleasantry and humbug associated with the food and beverage business belongs to Volume Services. (Re^ember, we ran the operation ourselves for four years.) The second greatest result is that the 150-ish employees collectively working for both coapanies in the park operate as one family. We even have joint Christmas and summer company parties. This healthy situation is primarily due to the professional managerial attitude which we have experienced right through the Volume Service hierarchy. 1007 Roberts Leinau General Manager '. RL/tdn d jt 4E A Park CIMCO 59.854 Kamehaneha Hwy . Halema. Hi 96771' Ph 638.8511 Waskiki Sales oric�. Sullp 1309 22?? Kaiakaua Ave. Honolulu Hi 9r.G15 Fr. 9?.1.844q 96-1021 WEA' PALM BEACH EXAJS P.O. Box 2686 West Palm Beach, Florida 33402 6V>= September 8, 1986 Mr. John Malloy Volume Servies P.O. Box 3087 West Palm Beach, F1. Dear John: Can't thank you and your staff enough for all the help you've given us. Wish we had been able to bring home the Championship Flag, Just think how we could have promoted that — "Champion Hot Dogs", "Champion Soft Drinks", etc, etc. There's always next year! Sincerely W,U.e4/ Ann Sowers • OCR 1. jzco 86�-1021 E I { 1 Tampa Sports Authority EXECUTIVE OFFICES 4201 NORTH DALE MABRY HIGHWAY•TAMPA, FLORIDA 33607 •813.870-3060 May 12, 1986 TO VEM IT MAY C3XIM: Volume Services, Inc. has been the Concessionaire for the Tampa Sports Authority ("Tampa Stadium") since July, 1977, and can only be described as unquestionably a member of our team. F 9 Although Volume Services, Inc. did not bid the highest percentage payable to the Authority, it was selected nonetheless. It was e primarily the plan of operation proposed by Volume Services and ' its effect on Gross Revenues that influenced the Authority's decision. I' We have newer been disappointed with that decision. They have main- tained a program of updating equipment and facilities, and continue marketing efforts as relates to new products. They have always been sensitive to the image of "Tampa Stadium", and work in partnership with us to maintain that image. All levels of ' tames management are available for consultation at all • and special Events at the Stadium draw cca>pany-wZde participation. :- I have stated previously, and continue to state, that this relation - AL ship has been excellent. �a (9velyc Fjz e r S AUTHORITY RIY d v d 8E-1021 C i 4 4 K 0) August 13, 1984 TO WHOM IT MAY CONCERN: Volume Services has been part of the Casper Events Center's team since its opening April of 1982. In starting their oper- ation in Casper, they were very organized and made our Grand Opening and every event thereafter a success. The staff of Volume Services works very closely with building staff, working with all our needs and concerns. They have al- ways maintained a quality of standard that is necessary in this type of operation. We have re=eived many praises far events they have catered. If you are in the market of a concession, catering, and novelty contract for your venue, I wholeheartedly encourage you to look into Volume Services. Sincerely, James M. Walczak Director Casper Events Center Number One Events Dwe, D O pox 140, CaS,)cf, %x,y mma 84'.1e , P►�onc 007; 577-096' Wlntr• ?f InlenIM,Md, A: 'i 9' :Y O} A.�O•tti n 4W.3 r•,, 86-1021 Fo,6j Services Canteen Corporation AqjQjj f� _ - - Serving Our Cvi#Ww i in _ w 1 NTF R' L It r C 1 IU 4 gr.. e >M1 r - i 6 Conteen*s operating ill- eonlr• ple\\ 11). 22 and 38 lu•l.rent in 1983. 1981 and Vm'.-) re-llerli\el\. The 1981.5 im•rea-e' \\ould hale been 27 percent except fill. 1114• atc•clui-ilioll of Inler- mate 1 niled l:or'1►oralion. Thi-double-di-it profit grm%III will steadinll►ro\enleul ill lne-tat\ margin- is laurel\ the result of it 1111'ev-llatrt "Oralen .d hrllanred diversification /Irt►gram. Using its e\l►rrli-e• ill nlanahinh contract err\ iec••. Canteen has gl.oa II in ne\% nlarkel segillerlt- stich a- -rhool lunch. delicate--em in office huilditlg and food .er\ ic•e in rorrerliolt� 1,11•iiitie•.. In 1983 Canteen purchased Preh•rred Meal \stems. Ili(-. . the largest pro\ ider of l►re-l►ortiolled lunrhe. to sc•heeol children. (:on-i-lenl \� ith managenu'rIl•�- Ilan. Canteen secured -V) ne\\ delicate --en ac•c minis (fill-in" 1985. Although profit- have not met oririu.11 e\lertalion- due Ili an Mel •uppl\ of.offirt. -parr and I'mer orelllal.11r\ r'ale-. Canteen rolltlllut'- to -tee r111o1'1111111\ Ill the TI'o\�IIIr office matrkel. In addition. the romlan\ ha•-urrt•--- full\ Iur�ued ill rount- in grim inr; -ernu•nl- of its tiodiliollall ,ugh it- IliPh deli•rl.e. I,.mkill_. and pt,\erlunenl. 1 I 1 turlullii7rfelfllt,/,loritli►1� 1ht•hfrhe.cl yurrlih /rust wrl or Il div 111ml e111tYt'l11 INallrfer. ,�• tY111-11111- et'- .Ile e.11111" Illt,le .11111 More Illt'ad- a\\a\ 11'r1111 ho111t• I a111t1 r\l,et'I High 4111.1111%. \allel\. alld allrarll\e• Il.e- !-e111.111t,11 ill 1111111. I tllllllr I11 Illy %wrkldare fop' Inapt\ baps e\ell luv'oltle dw 111'111t'lll.d lile.11 ill the da\. 1{erurni�m� phi-. l:a� ee'n ha- de\elolc•d a •Iet•ial rapal,ilil\ (o nu•e1 the dellland- of its ehanrin;: and ' di-t c•rnillr ru�lt,nlel. hat-e. /'punt gmuth thrtmg,h ilfrrooed market .\bane awll,rllellull,ul ill grow lh nmrl.o... Canieen ha- nu,\ed to rl.u\\ ill loud -vlA Ire -erlllc I11- 1\ her(• 1►olellllal a Quality People .. . L I. I:Prl ww4ast f%m 0 r 0 Quality Products .. . clients still operate their oHn facilities. such as local l-% school districts. prisons. government institutions. health care facilities, and retirement communities. In the more mature areas of the contract food sen ice business, Canteen has successfully marketed against competitors, and, as opportunities arose, acquired other food service companies. In 1985. Canteen's revenues increased 18.4 percent to 8983.8 million. with most of the improve- ment coming from food ser%ive. vending and recre- ation accounts. Canteen achieved revenue growth through new business. account growth. pricing. and acquisitions. Operating income in 1985 improved 37.7 percent to S42.3 million as the operating margin increased front 3.7 percent to 4.3 percent. A continu- ing strategy of diversification. a change in the bu-i- ness mix. and cost containment. contributed to the-c results. 1985 Food Ser,.ice & Vending Revenues lincludmg 1wersldlr t nnrdI Food ,er%ic•e revenues and profits increased 27.1 and 7.9 percent respec•ti%el% as a result of higher volume. and a net increase of 629 ac•cuunt- to a ne% total of 1.585 accounts. This growth includes new business. Interstate United accounts and other acquisition.-. Fending revenues and profit: rose 11.6 and 22.8 percent respecti%el%. H ith margins in thi., area increasing from 5.8 to 6.3 percent. Recreation senic"reported increases- of 39.4 and 45.1 percept in revenues and profits respecti%el%. The improvement Nas due to increased sales at The penned% Space Center and Yankee 5ta J441.1i�; 1 impact of Interstate United*.- rrc reatio o Food Services I Canteen Corporation I Expansion .. . Preferred Aleal Systems. In(-. revenues and profits increased 14.0 and 17.4 percent respectkelN. In 19K5 Preferred Nllea1 Systems pro%ided 42 rnilliorl schoul lunches to students and initiated pilot food sen ice program, for the growing rlderl� population market in 1%o geographic areas. Canteens 76 franchised distributors enjoyed imprmernents in both revenues and profits. This franchised distributor system is unique in the contract food service management indumn and offers penetra- tion in geographical markets that othemise maN not ha%e been de%eloped h% the corporation. This suc- cessful partnership of 56 years provides local owner- ship supported b% the purchasing, operating and managerent expertise (if a large national orgirnizat)ull. The'.1lilnot Compact%. a producer of canned milk l►roduct, as well as a line of chili and beef ,tv%% product enjoyed increased profits as a result of a new packaging process for its products. and increased penetration of the "pi-katr label" market. Rmw Corporalion. Hhich operate, ci�arrtlr• aml coin -operated nlu•ic and anal -relent dr% ice•• in pill1114 111, athm-. ill-U-b„ ed l►1'1►fll illipl-merllt•Ill il, the et --tilt of a partial %ear impact of Inter -tale l'nitetl'- 1►ul1lic \ernlin;: sale•- and prufit-. Interstate l nited Oil October 1, 1985. Interstate l sited I►ecann• part of Canteen and tilt- • nit•rginpt (if, the tNu companies Ilas procet-ded sluuothl% and on schedule. Tilt- acquisition of Interstate wa- eonsi,tent Nith the of %reking collipanie, %hich l,arallrl Canteeli s oprratiolls and share its business rnissiun of greater growth. lnlerstatt:s t"o majur business segments augment Canteen operating di% isions. expand market penetration and offer oppor- tunities for s%nergistic growth and efficienc%. biterstate L'nited's tNu major di%isions include: BusinNs% and Irictitutioms Gratij). It•n ing clients in: corporale lit•adcluimt-rs. financial srnices. conl- nterc•iel offict• buildings, manufacturing. gmernmem facilities, sc hool., and colleges, health care. and conununit% nutri(101Aprogranis. Itilume a iCes Group. Pro%ides see ices ill- cluding: food. souvenirs and related see ices at stadi- ums. arenas. c•omention (-enters and recreational a facilitits. Food Services I Spartan Food Systems, Inc. Serving Our Cus rs.. Sparlaii oI ►erates 54ti unit• in lhe;uulheast L.S.—the natiori4 faslesl- UrMI im, region —about double the number at the end ol' 1979. its first %ear H rlh lransNorld. This gromb has been achieved thnnlgh: Controlled unit e.rl►ansion. With its oHn real estate and construction departments, Spartan can control qualit% and costs during the critical stages prior to the ripening of a restaurant for business. Careful scheduling permits management to set precise open- ing dart•, and plan suc•I► pre -opening acti%hies as training and assigning unit management. cash flo%% and markeling prugram,. In 1985. l►a units Were added. an increase (if la percent. lmprowd unit l►rolitanditt. Spartans oper- ating profit margin in 198.-) Nas 13.5 percent. its fourth highest in 25 gars in business. While the Harder• di%ision achie%ed a record %ear. %%ith im- pro%ed unit %olumv - and traffic. Quinc%'s nulr•gins %ere 1(mer as it result of ad%er,r industr% condition-s and gro%lh-related problem, di,cussed (►rlu��. Operating Earning• nnlli.m.i -z m H 1 IS_' Y S lit 11 1 Tirl►t ,perating man(igernent. Indi%idual 114111ger= valuable field experience is continually -Upplemented %'lit ongoing training program%. often designed N lilt specific curricula fin• each Ivwl of' Illallagt Illt I11. lit 1985. apprommalel% 5W Harders and (< mm-%'s management personttrl atlended thrsr rour,t•,. Ihu, ht•II►ing Ili ryand Spartan s base of ,t•aw1►Ili•►I It•,t.11llallt IlrUft•„II IIIiII,. I{r�< Hues front* parlari s reslaurant, in Ill Southeast stale, ruse to Sto1.H million in 1985. 9.4 (►198 1. l Iperamw profits increased 6.9 prrtenl It► �l►'?. ; nlilliun. Quality Pell) e .. . Q 1 s" �' � • .. .i•�rt,.,� �.tY�*J ; �z"y 'if�•�!3'�i"'yt�M1t �.� �'rx � +� . _ Y i G Quality Products ... Spartan's Hardees division achieved a 12.7 percent increase in revenues to 8281.6 million in 1985. Hardees operating profits Here $51.7 million. 18.1 percent above 1984. The breakfast program con- tinued to gain strength during the year. Units in- creased 16 percent marking a return to more aggressive unit growth, and per store sales rose 2.6 percent to $923,000. representing "real growth" of 1.8 percent. Revenues at Quincy's grew 4.7 percent in 1985 to $183.2 million. QuincN's operating profit declined 29.8 percent to $11.0 million. A 9 percent increase in units was offset bN a decline. of 7.4 percent in per store sales to $88 7 ,000. In 1985, the Quincv's division dealt %%ith: soft traffic in the dinner house segment of the industn, in some measure a reflection of the overall economy and increased competition from various sources: the de- mands of absorbing rapid expansion (Quincv"s units tripled between 1980 and 1985): and significant changes in consumer preferences. 1985 Locations Q9FvqM oil H� O H 33 Q 43 In both its Quinc%'s and Hardees di%isions. Spartans primar% concerns in menu expansion are qualiiN control and operational feasibility. Spartan has mined cautiousl%. but steadil%. to broaden the appeal of both of its restaurant concepts. During the year Quinc%"s added soup and hot vegetable bars. and a childreiis menu. Hardees added a neA cinnamon and raisin biscuit and Hash Rounds potato pufi� to its breakfast program. In 1986 Spartan management will continue to stri%e for impro%ed unit economies in its Quin(.% division, that compam"s high -potential F , l(� 1 cle. and to maintain the strung competitReVposition of 5a G v s'� 1- not" ' Hotel Seri -ices I Ilion International Co. _ AR" -ML .. -A J!i z t 1 i. •- - -AW••' r -t s .A4� Serving Our Customers Through T. j-V 17 a r J "4j Hillon International has achIv%ed profit growth averaging more than 15 percent per year for the past 30 %cars through: Emphasis on operating agreements. Hl pio- neered in operating hotel properties around the world t rather than o%ning or entering into fixed ohligations. thus minimizing its risks. This was originally done through ulcerating agreements in lease furor but Lased upon a sharing of operating profils• and later through management agreement.. As the c•ompam greA it entered into some fired or minimum guaranteed rent agreements and acquired the uHner•hilc of hotels %here there Has political and economic stabilith and the prospects %ere fa%orably. These hulels ha%e made substantial income contributions but the nlajurit\ of HI•s contracts are of the management t%lu•. Operating Earnings ills„I ululi.l r.' rF �-h'. �...y—.•y'1Y�(- � '..� CRY :... . ry 1- to electirrE.xpunsic►n. HI nlanagc•nlvrlt has al"a\s been srlvc•tI%v in its de%vlupment of hotel pr'ujrcls. prucredingunl� Kith those which. in its OfIgnu•n1. Munld meet a nerd in the particular markvt and br consistent with the standards of qualit% fi►r Hhich it is hntmn. This has been parlicularl� irnpurtanl in lbr re(•erll past. Nhich has'Aitrlessrd .ul,slanlial ucc-r-building in the hotel Ituluarl in thv t sited ;tales as Arll as in .unit• otersvas arras. The•c• hack ha%v nut. ll(Me rr, pre%rnled substantial ryan�Wll k Ill and bouts li'm Under o•unstt•ucliuu till incrt-aa its rooms h% user 211 percent. .4c cent c►n Pro%r.ytormli.vm. HI•s (Il) hotel, art - operated b\ Ilnatlager•., front numerous countries Nho L hlt one thing in conunou—thr\ ha%r dv%rloped r carvers %1111111Hl (ner the gars and ha%r be•t-nrfullc nliturrd at rich stage in their career ancennrnt. Tllr% hoer also had the benefit of �7 r" Quality People .. - �rW e.wyrY.srarr�` - -_-..�ct6n'• rlMfiii�bM,nwA Hotel Services Hilton International Co. 1 Quality Products .. . 1 specialized training in Hl's Career Dewlo1111wIll I,, stitute at various stages in their career� iuclu,lii,� advanced training in their managerial capdritit•-. Hi's revenues increased to $694.2 million i 1985. 2.8 percent above 1984. Operating pndit!- increased 17.3 percent to $73.6 million, reflect ii,�_ improvement in operating profit margin from 10.3 percent in 1984 to 10.6 percent in 1985. (),•,.u1,u,, declined from 67 to 66 percent. Western Hemisphere hotels ac•hie%c,l a a. I percent profit increase in 1985. including 11111In11 I•li results in Canada. South America and nw,t L.S. hotels. The Drake hotel in Chicago reported sul,st:u tially improved results. Asian and Australian hotels had slightl% liigh, profits in 1985. The newly -refurbished Hong long hotel had an excellent year. Recessions and o%er- building in Malaysia and Singapore. and fiat full - year operating losses in the new Tokyo properIN restrained overall profit growth in this region. Hotels Opened 1981.85 Nam: �w L MEN it ■ • ■■■■ . .■ _ Illl.l_1_111. I-ll-l-ll-_ ,. European and African hotels had tiall% higher profits in 1985. primaril% from 11ir t1., London hotels. including the renovated London I I,! ton on Park Lane. 119unich and Paris al.o hall lent results. During 1985. new properties. both urnl,, management contract. opened in Kansas Cit% and Oklahoma Cit\ in the U.S.. repro enting a nc•t i,,- crease of about 8(K) room.. In 1986. HI plans to open three ne%% h.-t, '- representing 1.448 room: in: Pittsburgh: Japan: and Brisbane. Australia. �� A, h '�. :al l,ruprrt% and equipment, net 607,280 486.720 429.448 413.660 430.200 :.cl aasrta 1,329,347 1.146.411 1.461,988 1.448.155 1.555.973 ail'-trrnc debt Ir.- current maturitir• 152,830 136,909 158.728 245,349 355,990 ""jicurrrnt obligation.- undrrcapital Irasr� 38,613 43,818 52.381 63.166 76.666 • ;Arrhulder: rquit% 763,182 650.162 556.688 843.292 809.868 �,•lectrd Consolidated Ratio-- from ' t:ontinuitig IIprration-: 1r 7 i.47c 6.7% 6.6% 6. 7t wrn on awrage ryuit% 14.8 16.3 11.4 14.0 23.1 '-lit a� a l►rrcrn1 of lutal capital 21.0 23.9 30.3 48.8 61.6 l96-1021 �r - V Oks 00 Management's Discussion and Analvsis of Financial Condition and Results of Operations • Liquidity and Capital Resources At December 31, 1985 and 1984, Transworld's working capita' was $134.3 million and $163.7 million. respectively. This decline is the net effect of several significant groups of transac• tions: The sale of Century 21 Real Estate Corporation (Centun 21). capital account transactions —including the purchase of outstanding common stock under a previously announced 4.0 million share repurchase program. the redemption of the Serie B preferred Stock and cash dividends: the acquisition of Inter- state United Corporation (IUCI: and the addition of almost S160.0 million of pruper[y, plant and equipment with internal] generated funds. Funds generated by continuing operations Iinc•ome from continuing operations plus depreciation less dividends) amounted to 9158.3 million in 1985 and $135.0 million in 1981. Tran=world has a re%olying credit agreement pro% iding financit capacit% of up to S200.0 million. all of which was available at December 31. 1985. Results of Operations 1985 Compared ao, 1984--Consolidated operating rrtrllue in- creased S213. , iniIIIon t l 1.(i ► from 1984. Thy re%vnuv. of Spartan Food S%slrnl-, Inc. 1Spartant increased �;lU.0 million 19.4 ii t primaril< due to 18 additional Quint%'- awl 45 addi- tional Harder- unit- in operation. For 198.7) the l►rr More rr%eno" of Spartans Qhlinc %'s unit- deulined to S887.(X principal I% in rrsponsr to an inducer% wrde dr,-Ilne in the dine► house segment Iraffic. The rr\elillr- (Of Canteen Corporation (Cantren) increa-;rd S-152.8 million 118.4r t, principall% from the acquisition of WC —which contributed S 101.0 million for the fourth quarter of 1985. In addition. re%enue- from the food and vending di%isiun increased by $33.8 million due to higher volume:. The re%enue%of Hilton International Co. (H11 in- creased $19.2 million (2.8%1 mainl% due to increases in the average room rates, as stated in U.S. dollars. offset h% a slight decline in occupancy from 67% in 1984 to 0Of7r ir► 1985. Consolidated operating expenses increased S189.1 million (10.51, from 1984. Spartans increase in operating exprn•rs of SM.9 million (9.8%1 was primarily attributable to increase: in payrol and fringe and product costs due to additional units in opera- tion. Canteen's increase of S141.3 million 117.61/r) was primar' ily due to the RIC acquisition ISt10(1.9 million) and also to inerea.rs in the cost of food and vended products sold. Thr operating expenses of HI increased SBA million 11.4c/c 1 mainl% due to increaser, in payroll and related expense.. 8671021 al I v icing at Consolidated operating income increased $24.6 million -from 7.4% of revenue in 1984 to 7.8% of revenue in 1985. HI's margin improved from 9.3% in 1984 to 10.6% in 1985. other charges (credits) increased by $8.6 million 154.47c 1 due primarily to two factor-.. First, a 1984 credit of S3.2 million due to an o%errstimale of losses from Transworld's ownership of Trans Qlorld Airlines. Inc. (MAI for the month of January 1984 and second a decline of $3.3 million in interest income fur the full ►ear. despite an increase in lemporan cash investments, pri- marily due to the proceeds received from the sale of Centun 21 nrl of funds used as discussed alotne under "Liquidity and Capital Resource,.- which occurred in the fourth quarter of 1985. The pro isiot for corporate income tax tit) income from c•ontinu- mg operations increased $9.3 million 13L6 ii I mainly as a rr-ull of net operating loss l►eneftts generated by TW A and utilized by Tran.wurld in 1984 and increased foreign taxes. Lamings per common share from continuing operations de- c•rrdsed it, $2.56 in 1985 from $2.62 in 1981. The decline in rarnings per common share reflects the increase in the weighted in- avrragr shares outstanding partially offset by a reduction in the rf preferred stock dividend requirements. The weighted avrragr Oil •hares in 1985 increased 1►% 4.1 million tit 30.4 million shares i. dur to lit(- conversion of series C Preferred Stuck in 1981. !981 Contpun•d it, )vast -Consolidated operating revenue in- 7'000 redsrd S103.8 million 15.7 K I from 19M. The revrnurs of linnet sleirtan inc•reasrd .470.1 million 119.7 i'r I due to 35 additional rl 1t►tuncy's and 14 additional Hardens unit- in operation and rom increases in menu price., and per store volumr. The rrv'enurs of t for Lantern increased $6:3.9 million 18.317H, principally resulting fcxxl from higher volume in Ihe• food and vending division. The ;her rrvrnurs of HI declined $34.6 million (4.97c I. mainly due he "a decline to food and be►rragr rev'enttr as well as unfavor- g1it ►h\c foreign exchange dur to the continued strength of the .. . dollar. '51%) .onsolidated operating r►tprnses increased 884.0 million (4.9% ) 9 n-m 1983. Spartan had the largest increase in operating costs. *roll 401.6 million 119.89i I, compared lit 1983, mainly due to tJume increases. Cantern s increase in operating expenses of t- _ ! iK.3 million 17.917 I was primarily due to an increase in the tar ,st of food and vended products and increases in payroll and 'rrtFr rusts. The ul►rrating expenses of HI declined $39. 7 III w1hun 16.1 % I, mainly slur Itodecreases in payroll and fringe ►sIs as wrll as decreases in cost of sales. .unsolidalyd uperating income increased $19.8 million -from A% of rrvrnur in 198:3 at 7.4ch of revenue in 1981. ►thrr charges (credits) (-hanged favorably by $7.8 million i3.97c I. principally due to a $3.2) million overestimate in 1983 t losses from Transworld's awnerahip of TUA for the month of inuan 1981E and it $0.8 million decline in interest exprusr, artially offset by a $2.0 million dre•line in interest income. The provision for corporate income tax on income from continu• ing operations decreased $18.2 million (38.1cl,1 as a result of the recognition of tax benefits generated by TWA. The decreast is partially offset hvincreased state, local and foreign tax provisions due to increased profits and by the effect of a $2.0 million 1983 provision underestimate. Earnings per common share from continuing operations in- creased to 82.62 in 1984 from $0.98 in 1983. The Cmurable impact of the increase in income from continuing operations was partially offset by the increase in weighted average shares. Outstanding share. in 1984 increased by 7.5 million (26.67c I it 35.6 million shares. The additional common shares did. how- ever, have a positive effect on debt as a percentage of total . capitalization as did the 537.8 million net reduction in debt in 1981. Impact of Foreign Operations HI conducts a substantial part of its business in foreign coun- tries. During most of 1985. 1984 and 1983, the strong U.S. dollar versus most foreign currencies had an ad%erse eflec•t on the results of HI. During the latter part of 1985 the declining value (if the L.S. dollar. which on average finally weakened below the pre% ious year le%el in September. Irssrnrd the advrrst impact of foreign exchange on the results of H I. Rv%entjrs and eyensrs of t►yrrst•as hotel operations decreased to the extent that they were generated in foreign currencies which during 1985. 1984 and 1983 were worth less than in previous years. Correspondingly, net income and div idends remitted by these overseas hotels also decreased to the extent that Ihr decrease in revenues was not offset by the decrease in expenses. In 1985. HI reported an exchange loss of $4.8 million compared lit exchange losses of g 1.2 million in 1981 and S3.6 million in 1983. Discontinued Operations In the accompanying financial statements. Centun 21 is reflet-Ind as a discontinued operation in 1985. 1984 and 1983; and TV►A is reflected as a discontinued operation in 1983. Inflation and Changing Prices For information on the impact of inflation and changing priers on Transworld's rr►enues and income. see Note 15 it) the Cur►soli- dated Financial Statements. 8f -021 P. 00 Statements of Consolidated Income and Retained Earninr,s IAmuunt. in Thuuband. Eiwept Per Share Amount-4 r_._.L. ♦. C..A-A h.. .,,1....3t 1985 ^,Ilt•. Operating revenues $2,151,556 Operating expense, 1,983.390 Operating income 168.166 Other charges (credits): Interest expen.e 22.700 Interest income (1246901 Other - net 14.403 24,479 Income from continuing operations Iwfore income taxes 143.687 Provision for income taxes 2 38.901 Income from continuing operations 104.786 Discontinued operations: ; t Income from operation- t►f Centun 21 (l.r.• alll►bUdIllr iuctimr Id\ of: 1985—$3.397. 1 `+�� 1—:2.11'►1► dn/1 11+� �a— $111.1 t;1 I y.r+`+; (.dill till -alt• tit Ct-wur\ 21 Ile.. alllllll•dlilt. ill, milt, Id\ of a52.11121 1112.75ll l,tt„ hmn tilit'railtill- of %\ \ Iltr., applicable 1111'ulllt• tit\ 4-red II III 1983 1tf 121 — la.., tin diy►o.aI of TWA (Irss allplu-al 11r income Id credit in 1983 of 91.99111 — Net income I (o..) 217.530 Retained earnings at beginning of year 82,888 Di%idends, etc.: "t Di%idend. tin common stock (16.234) Di\idends tin preferred stuck ("166) (hhrr -_— (4,770) Retained earning. at end of year ---�- $ 2'2,248 Earnings (loss) per common share: On income fn►m continuing operations: Oil a\rraFe outstanding and equi\aleni share. i 2.56 Assuming full dilution 2.56 Oil nrl in1•o111t•: On a\rragr outaan lint; and equi\alenl share. 5.66 Assuming full dilution 5.60 tier Notrs to Consolidated Financial Slatrment.. 19811 19f $1,937,823 $1.834.0( 1,794,267, 1,710.22 143.556 123.77 22.242 (15.944) 9,552 15.851) 127.706 29.571 98.135 29.01 08.50 13.11 23.61 100.16 4 7. 7 5 52.40. 16.8141 1 7.80. 1 t — 112.JJI — (55.32t 115.029 (7 ,662- - 284.805 18.65Oh — (19,2871 119.795 (4,2M 1 1257.35] - — 82.888 S — ott S 2.62 $ 0.9ft 2.54 1.0(I 3.14 (1.37 3.00 11.26 8671021 Statements of Changes in Consolidated Financial Position Amount- in Thuu-,ind�t Fir the lrar� Ended net-eml►rr 31. 1 - j Fund- Pro%ided b,. a Incomr from continuing operation. Add (deduct► nonca.h item.: Depreciation and amortization of propert). including capital leas. Amortization of intangible a.,et. Deferred income ta\ pro% i.ion (credit 1 \rt Irism continuing ol►rration• _� -'--- Ih-continurd operation.: Cain on disposal of Centun 21 (less applicable incun►e la\ of 152.4021 Net change in imr.tment in Crntun 21 l.►.-e. frim TVl A Drcrc-a-r in Itnr.tment in T11 A D1%idrnd declared -equity holding in TIVA 1-tiance of cummor►-1ot•i, (anlmin acN•L i..urtl in debt re.lructurinp Ling -term delft i..urd \rt INK& %dlUe of prol►ert% di.pimtioll. ` n' \et UnrrdllZV41 (irt•Igit a\cI1d11Fe (ga1111 li.- in fl\rd asset►and long-term debt, inciudnlg capital Ird.r• �*"_ t.Illher +••'.,, : �Incrrd.rldrt•rra.rl i11: 4> .. lccuunt- pa%ablc did at•crurd lidl,ilitir. Other nincurrrnt hitbilitiN- and deferred credi(- Fund• 1. I,rd fir: Pit idendpa%ablr-equity holding it) TR.a I,mg-term dehl l►a) mew.- and capital lea.- obligaticnl., di.t•hargr(I currenv% adjustment Creign hdit idt - on capita) .fuel.i%ersion and redemption of preferred .loch l'urclta-r of trea.un -ltm-k +Jru frd.r Idecreasel in: 1985 8 104,786 66,871 10,030 5,781 894 188,36'2 102.750 120,619 29,545 6.845 (9.774 7.941 38.084 29.764 514.166 186.899 3l ,836 (9,945) 23.400 W.168 43.587 nrt 27,051 Y- - -, h1�Ntltirle- 14,605 =' Other current a-.ct- S.b911 Other • 80,831 - 454.122 -_ - - - . -- -- - - -- ry Increa-e (decreasel in Cash and Trrnl►orar) Cash lmestmrnt-:. 60,044 ':ash and trmporan cash imrstmentr at: 3rKiuning of war 136.840 19111 8 98.135 57.154 7,652 (7,2041 (3.1561 152.581 1 12.879 4(x).379 15-1.771 63.817 7.042 9.615 t 4.4t)91 42.587 831. 753 4()0.37y 137.231 101.295 6.559 27.937 124.530 5.227 324 w) - 47.5_34 --851.882 120.1291 156.969 198:3 $ 52.408 54.263 6.367 2.505 2.360 I I7'WO (6.519) 167.87t►1 8.1.157 (400.3791 80.310 70.941 33.7(K) 15.142 9.293 3.981 14.5111 12.911► 100.45. 14(x).3791 99.352 130.098 7.445 19.795 7.86 , 1.268 (2.0781 14_651 (121.9781 55.521 s� i Consolidated Balance Sheets Unniunis in Thnu%ando Deceml►rr 31. 198.3 1981 Assets Current Assets: Cash 18.145 g 34,81.7 Temporary cash investments, at cost (approximates market) 178,739 101.993 Receivables. leas allowance fur doubtful accounts uf: 1985—S5.6y0; 1981-85.310 129,071 102.020 Merchandise and suppl inventories 80.589 65.981 Investment in Century 21 i — 110.65.5 Other 16,163 10.473 422.707 425.972 Propert-: Prol►em owned tat cost(: ". I Merchandising: equipment 200.015 Land. buildings end improvements 394.395 Other propert% and equipment 273.050 Total prupert% owned 867,460 Less accumulated depreciation 290.391 Pmperi% owned —net -- — --- -- ` - - i - 577,069 Prul►ert� held under capital leases tat cal►italized value►: !Here handising: equipment Land. buildings and imprui,ernents Other pruprrt% and equipment Total propert% held under capital leases Lrss accumulated ainurtization Prul►rrl% held under capital leases —net - - -- — --- - Other Assets: Goodwill Other lung-terni invemnients Other 71 Srr lutes to Consolidated Financial ,tatrn►ents. • 7.246 57.284 124 04.654 _3.1,44 -- -- -- - — ------607,2811 149,879 88,601 60,880 -- ----------299,36(I- -- -- --..- - --- -- $ 1,329,347 162.855 31 1.722 216.552 694.129 _243.338 45f I.791 1o.757 57.7 30 - - — 131 74,618 38.689 35.929 480. 720 82.397 93,516 _ 57.806 233.719 S1.146.411- 86-10 21 Liabilities Current Liabilities: Current maturities of lung -term debt and capital leases Accounts paNahle k 4c enlyd salaries- and vacations earned Accrued lases 4c•c•rurd rents Other ------ - -- - l.c►ng-Term Liabilities: l.c►ng-term debt. less current maturities Noncurrent obligations under capital leases Deferred incunlr la>,rs (Idler noncurrent liabilities and deferred credits Commitment% and Contingent Liabilities Shareholder, Equit,.: 198.i 1981 (Amuu►►t, in Thuu,.cncl,i Preferred slc►c'h, aithoul par %clue: AIlthurizrd -Ildrrr, issuable in series 20.000 20.(KK) p;,; (Illl�latldlll�' %rrie. A-S2.00cumulative comertible. limiled %utin11: Share! dI stated %alur. 82.5(► per share 1.0-15 1.04(► prfrne. SMI per se 52.27LicuidatitF 1 $52.27 5 t Series ti-81.9(I cumuldtke nu►►comertible. limitrd voting. no slated valur: Sharrs at redemption Iialuv. 820 per share - 2.512 E>.c rss c►f redemplic►n %aloe c►%rr earn ing valor Liquidating l►referem e. S20 per share S - $50,159 1.411111114111 %toed,. 85 par %alue: Authorized sharr- 75.000 75.(KKI Issued shares at par %slue 35,728 35.598 Capital surplus Furrign currrnc % adjustment Retained rammgs 1'rra.un stc►c (. (at cost l 1.140 - to 1 o1 _'.Ill.II.I:. 1985 1984 S 12.021 91.394 48,654 47.159 19,069 70.111 288 _408 152.830 38.613 42,496 43.818 277.757, 8 23,931 90.820 37.738 27.402 20.985 61.298 136.909 43.818 14.212 39.076 234.015 1 2.614 2.61-1 - 50.159 (4,7521 178.639 171.990 386.864 381.804 (33,596) (43.5411 272.248 82.888 _ (43,587) -- _ -_ 763,182 650.162 S1.329.347 $1.146.411 IL 8611.021 r Notes to Consolidated uncial Statements File the lrars F:rtded liert-Mi".r 31, MI.,). 198I and 1483 Note 1. Summary of Significant Accounting: Policies: (h) Pension Plans. Accrued pension cost is funded on a Ac•counling: px►lic•ies and methods of their application that current basis except that prior sera ice benefits are amortize significantly affect the determination of financial position. and funded over periods front ten to 40 Near,. See Note I I f, -11 f further description of the plan,. changes in financ•lal position an resu is o opera, fins are as folio%,: (a) Consolidation. The consolidated financial statements in- clude all significant majority owned subsidiaries. All significant intervompany transartions havr been eliminated. Trans%orld', ime,tntent in Century 21 6 accounted for hx life equity method. See ;'lute 3 fur a description of life disposition of Centun 21. (b) Propene and Depreciation. F'nq►rrty and equipment vAned are depreciated principally on the straight-line method on an annual basis. 1 rt►perty held under capital Irases tat capitalized xaluel is amortized over its eslimated useful life. limited b% lift- lease 1►rriod. The fullu►+ingestimated useful senire li+es were in effect during: 198.5. 1984. and 1983: Mercliandising rquipntrnt-1'rinc ipallx eight to left Nears Building:--1Aenrx to frail xrars Other equipment —Two to fiftt-en %ears Leasrhold inlpnnrmrnts—Estimated useful life limited In life lease period. (c) Ini,entories. blen•handi,e and supply imenlories are %alurd primdrily at lift- hmer of a.erap- cent or marl,t-t. (d) Goodicill. The unanlortized exe•ess of cost uxer tilt, fair %alue of net tan€ible asst,ls of c•ompanit-s acquire-d is hying' amortized oxer a -1O-year period on lift- straight-line mlethod. During IW.I. 1981 and 1483. S3.077AM. $2.,%l.(K)O, and (K► S2.f70.O, re-p►ectitely. herrd] chargedlr1income. GueAill an -sociatrd Kith life acquisilion of Centu21 is included in the rrsulis of di --continued op►eralions. Amounts ,u e•harg ed are W. fol lo►. s: 1985—g 1. 7 O 1.(KK►: 198 4—$2.012.(K K) anti 1983—g2.039.(KK►. (e) Erunchise Rivhts. The cost of restaurant franchise rights is amortized ratablx oxer the- life of life franchise ag:reenlent, (2(► years) from the date retail re�laurdrll operations comnit-rlce. Agrrements c•utering p►rt-sent uperating locations expire on %ariou- dales from 1986 to 2005. Certain of these agreements du not contain rene►,al oplions. (f) Pre -Opening Expenses. Expenses incurred in conjunction with lift- opening of hotels are deferred and amortized, getterallh o%er five sear. ]q charge., against the operations of life rebpec- tixe hotels. (p) Income Tuxes. Trivi ►%orld and its qualified subsidiaries file a eonsulidaled Frdrral incumr Id% return and account fur imr,lmrnl lax c•redtt, off life flo%-through method. tier Note 2 for a further descriplit►rt (if Trartsaorld', accounting: fur income tags. • Note 2. Income Taxe-.: Transworld and its qualified sul,sldiarit-- file cunsolidalt-d Federal income tax return. A summan of the prucisiulf for income taxes is as fullu..s: l Amount, inThou,and-1 1985 148I l4 Current — 133.1211 tic.i gt;•2 D_eferted 5.781 1, ►u; I 2, �1 Psi.iun for income taxrs on continunii: uprtat funs Tax pru.lslon dieneful from ulwratlon- of discunimued .vgmvw.: TU A Cenlun 21 Tar irro.lsmit on pin on bait, of Cenlun 21 Tidal pro.rsion fug - - MC0111e to\e•+ 38.901 2r:+..i;1 3.397 2.0210 1 47.7:, 133.49- 10.18; S41.7t►n f3l.rl(N) $21.441 Fur 1985. 1981 and 1983. foreign incurne• Ahic•h g kes rise it)furrig it income lags repro-enl- approxiinatt-IN $5l).7OOAKK), an(] $13.3W.(KK), respt-vtixel\. of the total in- c•omt- l►efiat. muoint, tags. The current pro% isiun for Federal and stale and local inconte taxes includes taxt-s payable hx suhsidiarx corpordliuus ►.hich are not includable in tilt, TransMorld con.d Federal income tax return. The current pro% isiurl for fore-ig:n tags rrlatr,. primarily to Hl. An analysis of the current incurne tax 1►rot i'mil i, es folluNs: IAmuunls in Thuusandsl 198; 14}:1- -- 14F;.i Frdrral: (,toss � 19,IMN Art ulwracinp loss — Forril.'rl fax rrrdits 118.J111 I _ 1mrstmenl lax credlls -�— -- ^_ (j91 -^- - -- Net currentFrdrral 381 Stale and IrK al 4,894 ---.7.81_-2 Current incurne tax pnr.Iblurl on 1'o11111111111F ullrraouns CUrtelll tax pro. lblur111wllefll I _ dw untnlur+l srKnu•nt- _ Tidal curreul nu unit, tax pn1\ isum i145.831 c 34.624 It►e1.3811 — 112.o211 113.c11311c 63., )1 13. ; 44 1 1 l t.3(lts 22.222 ..i+11 4.fi1,1 18.r►(k)I )8.1t►7 33.120 1 36.".i 1 4-,.2itl IF 61.117(► 1 t 4oX.3 I f 86�-1021 a Thr deferred ineomr tax lmwision rrsults from timing differ- At Deceml►er 31. 1985. available foreign ta\ credit camfunvards ences in the recognition of re%enuv and expense for tax returns aggregated appnlximalel\ $20.600.000. %hich if not utilized and financial statements. The source of such timing differences in future consulidated Federal income tax returns. will expire and the ta\ effect of each art- as fullu\\s: as fullu\\s: S1.500.(K)) in 1986. S2.100.000 in 1987 all(] I Amount- in noucand-1 198•1 1"1 148:1 S M(MAKN) in 198fi. I.n•-- deferred lat, url`Inr franc Atrrlrrdlyddrillrllauuu = :.581 F 4.159 S 4,665 (.allllJl 11-d-r it roul11u1}: 1801 I:3(121 1:11 I llrrrl ftlwnt Ing Ira-r- 23.11210 (87,3 01 - Iu-lJlhut•nt null illirlr,l 1.6-9 (1. T > 11 - ( Ilher liming diftrlrnre- - 4.351 15.5 131 11.31No Unt--delenrd Frdt•rJl Id\ 39..Wl 14.i.8io1 a.42a Tit\ tw•nefit fmm TN 'it 19.3281 1H.:"1 - F trt lgn Id\ rrrdll- (2.1911 12.6-11 - In\t•-Inlrnt ld\ t Milo- ---- (23.39(11 53.4416_ -- - Urlrnrtl Irdrrdl mruulr Id\ llnt\i-It.nIt retill1 4.652 14,:r1fli1 3.423 11t41•rrr11 ,IJIr end It- 11 III, wo.. Ia\ ltrm l-Wn 1,211(1 1.19; 35:1 I►rferrrd harign lilt 11111 ' Id\ pn1\I-utnu'ndul - I�TI 1.l(l: 11.2731 I+elrnrd lilt unit• 1:1\ lth t\ IsN to all ronllnulnF olperatlttn- 5.781 1 7.21111 2.ittl.i 11.4t." -tI Id\ dwilt•I m- dl-t ttululurd -c �rnrnt- 21.411:3 -I 1.30111 -12. 331 l .lal dt Irnrtl ult I'm, l.n pnnl-nallrrl•IIII 1 30,681 c 18.13731 i 12281 is Deferred income ta\es arr inuluded in the balanct- sheet- a- (6" btlloh-: � klnmi ll- lit Thtnl-,uu1-1 198..1 1481 t hh1•r t urrrnl a--rl- f (2.3911 ! 9 1 llrlerred Income IJU•• (42.196I 114.2121 1• a.,l ! 1 �1.K8" 1 c 114.2r1131 1'he diffrrt-rive hrlNven tilt- statulun Federal income tax rate ant] Trans%or]d's efircti\r ta\ rate is as full(,\\-: 1985 1981 1983 `Idllltun rJlr W4 46r4 40ri I+lfll.rencr rr.ulunF fntnl cu1111nlIIpF ullt•rdllun-: In\r-tnirttt la\ I rrthl- (161 - 141 sldlr' drld Ila ill ld\t•>. IIt'I Uf federal lilt tlrllr IJ\ Irrnrfil 2 4 3 F.Ifl.ct of furriFn-tnlrcr Ini vlrlly drltl lulr1gli IJ\ rrl.dll- (31 I 1 2 lJ\ IM'III•I II (rullt 1 ((11 14l I - \morlvJlu,n t11 Ktl,rthlll s, and other lrt•nn.uu'nl dil• frrrnrr• Ilrlttren Ihr 1J\ rruln) doll lilt- .lJlrmrnl • t11 rurl.nllddlr•d lilt tame 4 a . ` t Ilrl IIvr 1.1% rill. I'll ' t ulllllllllll� uln'rJIIIr11- . t •i ! 48 ri it Note 3. Sale of Century 21 Neal Estate Corporation: On October 30. 1985. Trans%orld's stockholdvrs appro\vd the sale of G-rilun 21 for S251.2(MI.(KK). The ac'c•ompam ing Transworld financial statements present the financial position and results of operations N ith the impact of Centur\ 21 st-grr- gated and condensed. The revenues of Centun 21 I\\ hick are not included in consolidated re►vnut-sl \\ere as follu\\s: For the tell months ended October 31. 1985: S(>(t.(MKt.(M10: for the \ears ended December 31. 1981. S(i1.132.0(K): and 1983. S55.230.000. Dote 4. Acquisition: Oil Ociolivi 1. 1985. 7rans\\orld acquired and transferred to Canteen all of tilt- outstanding stud. of IUC for S93.5(N). M in cash. Tilt- resultant co. -I in ewes of net assets acquired of appro\iniatvl\ S03.301.000 is living amortized o\er 40 \ears on tilt- straight-line nielhod. hIr fiscal \ears ended Decvnliler :31. 1985. 1981 and 1983. Truns\\orld's profurnui rr\enues. in- cluding IL C. would ha\e been: ``2.4(r2.150.(KMI, S2,339.123.(MK) and S2.213.8813•(N11. Note 5. Separation b% Transworl(l of Trap, \Xorld Airlines, Inc.: Oil Februar\ 1. 1981.Traw-world distributed all its equit\ holdings in T11.A to Trans%iirld's common stocl.holdt-rs. The ae•compan%ing financial statements present Tn a a` a discon- tinued upt-ratiun in 1983. Transaorld•s in\estinew in TA A at December 31. 1983 \\as recorded as a di\ idend pa\ab]r b\ a charge against retained earnings in tilt- full amount of S256.2 FO.(MKI existing at that dale and tilt- remaining balance of S141.l39.(XK) Has charged to capital surEdus. 8E-1021 �1 �ote- to (:on-ulnl,ltclf Fin;In1 fiat �t;ttrmcnt� (t ttntinuctll Note 6. Foreign Currency Translation: (d) On October 4, 1984. Transworld announced the accelera. • tion of the expiration date of its 1986 warrants from the orig- lulluwi ng is an analysis of the changes in equity during 1985 final expiration date of Uctol►er 1, 1986 to December 3, 1984. ' and ]984 fur cumulati�r translation adjustments: As of December 31. 1984 approximately 3.03 7 ,0(10 warrants IAnNlunt III TINtultanlls► 1985 19M were exercised and approximatel% 3.031 000 shares of com- Halanve at Januan 1. i(43.5111 S06.9821 Mon stock were issued. The remaining balance of approximate. 1 Aggwpatr sdfu•tmrttl for thr 12 mumh• 32.0(Kl warrants have expired. ! ended 144-rmllrr Al. re.ulunl; front III,• trarl,lallon of iore1111t vurrrllt't slalemrnl. 9.945 (6.5591 (e) The holder of a 1987 warrant is entitled to purchase one - share of common stock at a prier of c 18.06 per share, subject I Hal.+n1 e• tit I►errmller 31. M33.5961 S143.5411 adjustment under certain conditions, until Januan 15. 1987. Note 7. Capital Stuck: (f) On December 23, 1985, Transworld called for the redemp- tion of all its outstanding Series B Preferred Stock for cash. Cortinion sloi-k issued during the year and resrned fur cuutin- As of December 31. 1985. substantially all the 2.512.64i gent issuance at December 31. 1985 and 1984 are as follows: shares of Series B Preferred Stock ha%e been redeemed for the Nundwr c►f Share- $20.(K) stated redemption price plus accrued dividends for an Isurd Hesrnrdlal aggregate redemption cost of $50.554.0(K► retiring the entire (Amount- 01 Th1lu.attll-1 1981 IU81 1985 1981. issue. On October 25. 1984. Transworld announced an offer to •,11 exchange its ne% 111/4% sukwrdinated debentures due June 1, k.nlplutre• .at ulE• plan-111 - - t3r8«II 2(Kl7 for each share of Series B Preferred Slock. Approximately k:wn l-e of cwttcrunl u1. Prr(rrrrtl -I,% I. 2,0(X),(1(K) shares were exchanged for the debentures. !t•rlr- 1l•nr- Mttt l I -lit, ha-e• warranl•. 198(11d1 k:n1I11�1trr .Ittt I. uplt.111- Int rltme contlN usatrnn plan - 1 738 738 - 4.'W) - - - 3.037 - - - 2 1.798 1._19H 1:341 5V) 2.().)4 2.82 t - 263 _ 2(13 7. W" 130 6.2:8 6.444 ( o I A- of the close of hu,int-.s on December 28. 1983. the record date for the di,tribution of Transworld'. rquit% holding in TU A. thr contusion ratio of Transworld'. Series A Preferred Stuck was adjusted (run) unr half 10 one to 0.706 to unr. (b) I. nder the plans the Trustee, purc•hasr prrt iouslt unissurd conumn stock Irom Ti-an.world al market talur or, wilh thr con,rnl of Tren-world. purchase common sltwk in the open market. (c 1 On Orioltrr 29.1981.Tran.4urld called for the redemption of all its uut.tanchng Series C Preferred SIcK•k. Each share of Srrirs C Preferred : tot k Aa. cumertible by the holder into 1.412 s;harrs of Tran.world's summon SIMI until No►embrr 26. 1984. AS of Deceml►t•r 31. 1981 appruximatel% 3.1(18.0(Kl shares of Series C 1'rrferrrd SI(K•k were converted into approximately 4.389,(XXJ shares of common stcx•k and approximately 10(1AIM shares of Series C Prefe•rrrd Sluck Aerr redeemed, retiring the entire i.sur. • Changes in consolidated capital surl)lus are as folhms: 1Amounts in Thousand -I Balant•e at Januan 1. t)n Idrntt td'1'N 4 Net I1n14rrd- from Iht• -ale of conunon %11K.k III of 11a1 w1llt• Comer,mn- of 5% and 12`.r sullurdulated dellrnture- ul rwr-- of par %aloe of conttnun steed. issued Contelattln of 1e•rtt•- C Preferred Sltwk and exercise of 198(1 warrant- ill rxcrs, of par talur of t.oIII111Ut1 blwk issued Other _ Balanct• at I ecrmltt•r 31. 1985 1981 1983 Ea81.8111 �_^".i..i1Ml 9292 722 - - 1144.1391 65.352 11 .(142 2.I60 _ 18.3381 1386.8(t 1 8381.8n 1 58.526 3.039 !12�5.ifNI Various loan agreement, place certain restrictive cotenants on Transworld and its consolidated subsidiaries, including certain requirements as to pa%rr►ent of dividends on common stuck. Pa)ments. including the payment of din idends. to Transworld bt its subsidiaries; are also restricted b% variou, loan agreements. Under the most restrictive of these agreements at December 31, 1985, Canteen. Spartan, and HI would have bren permitted to male S13.60"i AM. $80.644.0M. and $11.594.000. respec- tivel%, of additional payments to Transworld. 8f -10 21 - ,r Note 8. Earnings (Loss) Per Common Share: Earnings per common share are computed as fullu%s: 19R., 19R3 1983 Adlu-tmrnt of Net Ir► o ne: Net Income as rrlKlned S217,534) 81 15.029 c 17.6031 Redu, tiun In inlrrr.t riillrn.e GIr the ah.,unled eo,rn•rr Into common slot l of the 1108e, warrant- — 5,45-1 ` lleduct dnidend requlrrn►ente on prrfrrrrd towli, and thr amortization of the excess of rede•ntplion %slur met cam ing talur of 4•nr- B Preferred Sl,r t, 01.5081 1 N.2221 01.8971 Inrrra*r In dit Mend "turrments for the ac•umrd exert isr inlu tirnr. 11 Preferred lilt 1, of the 198 7 warrant, — — 16.41181 131,4tItt1 _ AdIu+Ied r►rt incume apphcahle to avenge outetarahng and equnalent common sham 20h.022 101.261 Adlu,tment- a-sunng full dilution: Reduction in inlrrea ei liens fur the a„urne•d cumt•nlun Into c•ummun mot L of: 5% drllrnture. iaeurd IWO — — 332 12rk delienturr• wsurd ItOl — — I.5-15 Keductiun of Iwrlerml dI►Idrod requlrrment. for assumed cunver*Ion of comenlhlr preferrrd .to, L Into, unimun .I,K L: 4 nr- A 2.091 20)] hnr-l. — --- - i.821 • 8111.173 Adel-trd ne•I earning- a. umntg full dilution 12118.113 133.0611 kdiu-tmrnl of cornown and rqui ialrot OtJre s: Awragr common shirr, oUlAdridnlg 35.628 28,8(1) 27.209 Avrragr trra.un shirr- 13151 — — As>umrd camrrsum of summon sut•L Into '%enr.� 1► Preferred !%I,K L — — 11.8tM11 A-unlyd eiteri v e of -I,K L warrant- and option- 1.076 3.3.i1 31 7i,1a1 J,rragc oat.tandnlg and rgumilent common .ham 36.389 32.253 25.503 Adlu.tnirnl- d--umnlg full ,Illation: A.�umed rLrr(Ise of •ttK L %artdnls and option. 61 'r4 25 4ddillun.il .orl Jg, common .harr- it•-ulting fmnl the a--unird „mtrrwn nID, I onanon >1,,( k tit: 51:i tfe•IK•nture, 1—tied 190I — — I-Q 12q drhrnlurr,.I..urd 1y1f1) — Preferred Suit L. ;e rlr. A i 38 7 38 • tirrlr• (. — I ,1M11 • 1 37044 idjuwlyd dtrfJF,' , onlnion .lUt - d—uring full ddutioo 37.188 26.21" •%,. ddla-totem I. nladr .Incr thr rffr, I ii. andddutitr. Sec lute ; for a description of the right,- and privileges of out-t.ctnding conneriiblr .rc critic,, %arrant% and options enter- ing into the coniputation of earnings per common share. The trra•tm %i w•k ntt-dio d it u-.rd to c•dlc•udale the diluti%e effect of the 198; %arrant-, and uutaanding stock pun•hase ol►tion,. The lay rate u.rd i!. U)Ih for incurne front continuing t►perations for IWi. The la% rate. u.rd are f1.11"Ic for income front cuntitwing ol►rralion.% and net income for 1984 and 6.9r/1" for net income for 1983. u Due to the redemption (if the 5erie.- B Preferred Stock net incun►e aliailahle to common Sharchulder., has been reduced h% file unanwrlized portion of the excess of rede►nption value otter earn ing t,alur t►f lerie.. B Preferred Stock. thrreh% reducing earnings per share on average uut.,tanding and equivalent share, l►% appro*imale1% $0.13 fur the %ear ended December 31. 1985. r._ Cott'• to Const,ltdated Finallr'tal Statement- trot nintroh Dote 9. Long-term Debt: Lung -term debt outstanding is as follows: (Amounts in Thuueando 1985 1984 Notrs. 9�/,SE dur IQWi 4; - - -- - --= 1U.400 g 1 17so stoles. 5v1% lub!�tn due 191k,.I"1161(Ft 1M") Notes. Ill'7r to 12% due 191k)-2010tbrtp 9.598 Ault.. 12.18 . rq dur 191kt.M.it 12.180 tiu1>,trdcnalt-d dt-ltettturr•. IIK•i due 1WN• 14W((I1 30.792 Sulourdinalt-d dri,enturr•. 11 V& n dur 14yK-2tMt yet 34.571 New1mig •rrtht agrrrnteimh — Nutr.. dur I1081 _ Sundn utdrtdrdr,r••tgi Toted _51.192 161,7, 33 1xs. rurrrul ntatunttr-do 8.903 S1a2.8.i11 11.137 10,674 30.232 33.523 9AM ) 49.a1.o (a) The notes are drnuminaled and pa%abie in SAiss francs. (b) The- note, are denominated and pa%ablr in Canadian dollars. (c) The notes are denornindted and pa%ahle in British 1munds. (d I The 10,( sullordinated debentures, which were issued in 19-Y with an rffet'IM- rate ul appro\imatrl% 1 ar1i had unarnur- lized urigiudl i-sus discount of $5.383.(KK) and S:i.913.(KK) at Ue-centlwr 31. 1985 and I981. rrsprc•tl%vi\. The original issue discount was calculated on the basis of the nlarkel value of the c•omnitm stt,t k purchase warrarlls atldchrd at issuance. (e) The 111/c r subordinated debt-niures which %err issued in 1981 wilh an effrcti►r rats ofappntxinlatrls 13 r in eac•hange fur approximate)% 2.1K111.(KK) shares of Series B Preferred Sltn-k had unanlorlUrd uriginal issue discount of S5.4350K1 and So. WOK) at December 31. 1985 and 198). respeciisc•h. Thr original issue discount was cdlculdlt-d on the hasis of market %dlurs at issuance. 0 (f) A resolving credit agreement with a group of hanks permits Transwurld to lwrrow amounts up to 8200,0(K).000 through March 31, 1992. and reduced amounts thereafter until Septem- ber 30. 1993. Borrowings in domestic dollars will bear interest at either the prime rate or the certificate of deposit rate plus an additional 1/. of lr, through September 30. 1989. and thereaf- ter to maturity at either the prirne rate plus all additional I/tt of 1% or the certificate of deposit rate plus an additional 3,;% of lrlc. Eurodollar borrowings will hear interest at the London Interbank Eurodollar Market Offering Rate UBOHI plus •i/e of lr through September 30. 1989 and thereafter to maturity at LIBUR plus 1/2 of lrk. Fee-, are paid based on the asai►abilil� and utilization of the total commitment. The agreement contains certain restrictive financial covenants applicable to Transworld. including several financial ratios and sales of substantial subsidiaries. (p) The notes and sundry indebtedness include certain trots% secured b% mortgages on carious operating properties of Canteen, HI and Spartan. The net book value of thew properties was 8 i 1.2 i 0.(K)O at December 31. 1985. (h) Aggregate annual maturities of lung -term debt are as follows: t Armmji1� in Tln,uwndsl lydr: 140t c 8.903 141„ 21.193 1988 c,,t►-: 1411,11 9.184 194141 9.010 ;ulOwyurot 103.461 (i) Various loan agreements place certain restrictive cosenant% ton Tran�wurld and its subsidiaries including ceridiu require- ments as to maintenance of minimum levels of working capital and limitations ton additional borrowings. Note 10. Leases and Related Guarantees: Transworld's subsidiaries utilize pruper1%. facilities and equip- ment leased from others. In addition. certain owned and Irased prupert%. facilities and equipment are leased to others. Buildings and facilities leased from others are primaril% for hotels. restaurants and support facilities. At December 31. 1985. 39 hull-)% and 127 restaurants were operated under lease arrangements which general)% pro►ide fora contingent rental based on a percentage of gross operating profit or gross rrsrnuv.s and, in some instances, (61 a Gard basic rent. Initial terms of hotel. land and restaurant building lease; generall% arr nut less than 20 -vrars ex(-lusise of options to renew. Lrasr% of other equipment primaril% consist of merchandising equilm►rni. com- puter systems. ell.. I ttw. nits Test ian 'eaf- .of of t of at t� its and R c y�rn. lows: 9 .t �\ t. y. 1►d urn ►m- r As leasing operations consist principall% of merchandis- Note 11. Employee Benefit Plans: ing equipment under noncanc•rllablr leases fire a term of eight Transworld and its subsidiaries have several pension plans yean to franchised distributors of Canteen. Certain hotels also covering mans employees. Amounts charged to income (includ- lease retail store space to tenants. Numerous miscellaneous ing amortization of prior service costs) were 8 7.656.19M. sublease agreements also exist. 89.17LOW and 88,613,000 for 1985. 1984 and 1983. insets subleased to others under direct financing leases and respectivel%. included in other assets at Devember 31. 1985 and 1984 aggregated S1.691.(KKl and $I 1.338.(KK). respectivel%. Informalion regarding Transwurld's leasing activities at Decem- l►er31. 1985 is as follows: Callital b-a-r- Olwratinl:lxasrs Arta mlt- in Tbr,u-.unl— Minimurl Lea-1. I' %nlrnt- irJl 1101 1487 14ta; 5.211 I vt: I 4.8r, ; 14'N l 4.827 ?uh-rllurul 62.0 . 4 •1:del 8'1.rK1I Lr In1pulrd Illlrlr-1 48.173 Vrr-rnl %Jlur ul 1 a1l1t d 41...i 1 I,• (unrnll-I-ligalnm- i.I18 \.m� urn•nt �.Id11:Ju.n1- uml, I rallil.d Ira-r- M1trnrmurn lxasr Pa%mvrct- \rt of Atinimunl Sublr•asr Rental. Suhtra-r• of Immaterial Pal ment- Arnuunl- $2:2 $ 31.501► — 28.257 — 2c1.21 — 21.218. — 333.17: 8272 The Iutal rental rx1►ensr for all operating leases included in the determination of operating results for thr gars ended December 31. 1985. 1984 and 1983 was as fulluws: l iroounl- m Thln,-Jnd-1 1985 1991 1983 kJ-11 will. $33.25f. $:il.:illi $24.8:►.i I.llilt nlgrut Will. Si.Bh" S .a20 52.811 0 As of the latest benefit determination date, the actuarial preset value of vested accumulated Ilan benefits was appnl\ima1el\ 852.6(K)AM. the actuarial present value of nomested ac- cumulated plan benefits was approximatel\ S9.7(K OX). and tl plans net assets available for benefits were approximately 875JO).000. The range of assumed rates of return used in determining the actuarial present value of accumulated plan benefits was from 6c/r to 107c for the year 1985. depending Oil the plan. hwentl%e compensation plans pro%ide for award to managemer employees based on meeting or exceeding certain lr%r)s of income as defined by such plans. The amounts charged to income under the above plans were S5.957.(XK). 57.3560KI and 85.205AXK) for the years ended December 31. 1985. 1984 and 1983. respectively. In addition to these inc enti\r c•ompen,i tiun plans, certain subsidiaries have incenike plans in place under wlltcll regtcltlal. divisional and ItK'al managenlenl IlaliicIpat c The inc mike stuck option plan permits the Board of f)irec'tors t grant to certain ke\ offic en. of Transworld and its sul Isidiarirs purchase options for shares of Transworld common stuck at a stated option price not less than the market prier at the time the option is granted. The options become exercisable in whole or it part from time to time during a period of five year.. from the date of grant commencing six months to one year subsequent to the date of grant. Information regarding outstanding options and option activit\ is as follows: 198i 1481 Outstanding at Januan 1. 667.9041 79.;118 Granted 373.875 053.015 Canceled 84.873 5.4 G Ellrrrisrd 129.582 54.440 Oulstanding at Decemlier 31. 82 7.320 66; .4tK► Ellemi,abir at Decenllwr 31. 209.382 20.278 Prier rallgr of opliuns: OulatandolK $11.95442.25 $11.9543o.13 Eilrrrisrd $13.28-130.13 $11.8r,-S23,411 Y 86--1021 W �ntr'• III I I6II-401It1.III'61 hMill IIVial �till 'I wllI• li Ill itIIitll'd; Vote 12. Quarterly Data (Unaudited): Note 13. Contingencies: The results for each Quarter include all adjustments which are. in the opinion of Management, necessan• for a fair presentation of the results for interim periods. The consolidated financial results on an interim basis are not necessarily indicatiite of future financial results on either an interim or an annual basis. ;elected consolidated financial data for each quarter within 1985 and 1984 are as folloMs: i Amount- in Thou"nd< First Sel-nnd Thud Founh C­ PU %. l.nr.. inr...nl-I 01rt .r (luarler Ousrier Ouarler liar tided DrcrnAwr 31. 1985 01wraling wlrrtur- SVP4.(Wi SUN.(►fl.1 E522.341 S654.681 Ulwraling income 27.0U1 41.2412 47. 7111 52.1(rt1 Inriimc from cuniin- uing ullerall..n• twfurr income lat,t• 21.48.i 35.8(i.1 41.1(i, 4S. 17(i Nel rocomr 10.211 30.811 30.81NI 133.585 Eaming- per common nharr: 011 alrr w,- uul- slanding awl equi%alent -h;lrr- i 0. 111 i 0.74 i 0.9(i S 3.51 A--unung full dduuon 0.4c1 0.79 0.91i 3.49 tear tndrel tlrl'rmlirr 31. 1981 (het -riling rewinit • it A1.0i $48(i,4-7 t?111a, 1,117 $507.231 Olirraimp inronn• 26.144 35.275 411.930 41.157 Inclimr (rum cmum- uirlF ulwrjntm* twfure till i nlr IdXr-- 24.(so, 311.423 38.110 34A17 Net nn omr 19.3(Mi 21).851 36.319 29,55(1 Palming. Iwr comnu.11 i,hdrr: Oil airrdpr oul. rlanduip dnd equoideni shirr- 1 0.47 >F (1.82 >< 1.114 >E 0.74 A%suminp full dilution 0.47 (L78 U.4li 0.70 There are various claims and pending legal actions against or indirectly involving Transworld and and its subsidiaries, includ- ing actions concerned with civil rights of employees, taxes and other matters arising out of the ordinan conduct of business and financing matters. Certain of these are or purl)ort to be class actions. seeking damages in substantial amounts. The amounts of liability, if any. on these direct or indirect claims and actions at December 31. 1985. over and above any insurance, coverage in respect to certain of them, are not specifically determinable at this time. It is the opinion of Management (including General Counsel I, however. after considering a number of factors. in- cluding but not limited to the views of retained counsel. the nature of the litigation and the prior experience of the consoli- dated companies, that the ultimate disposition of these matters will not materially affect the consolidated financial position or results of operations of TransNorld. Note 14. Business Segments and Foreign Operations: The operations of Canteen, HI. Spartan and Transworld are included in the consolidated financial statements. Canteen is engaged primarily in the food sen ice business and conducts. directly and through its subsidiaries and independent fran- chised distributors. itending and direct GKlel sen ice operations in the United Slates and Canada. Hl. directh and Ihruugh its subsidiaries. operates hotels in 43 foreign countries. the United States. Guam and Puerto Hico. Spartan is engaged in the operation of franchised fast f(Kid and proprietan fanlilit-st%le restaurants. principall% in the southeastern United States. Information concerning the major business segments and the extent of operations in each significant foreign geographic area is presented in the following schedules. Foreign operations of the vending and food services business segments are conducted primarily in Canada. Identifiable assets at December 31. 1985. 1984 and 1983 include $297.1110110, $276.58:3AX) and $2W.410,000. respectively, of assets used in foreign opera- tions. A further disaggregation of foreign operations %ithin specific geographic areas is not deemed significant. T 8E-1021 rN ,.,I1 �olr- ter ( nll•�dltlalt'tl I' Illatlt'I:11 �1:Itt'Illr'Ilt- 1, .,Illllnu ,ll Note 15. Changing Prices (Unaudited): The following supplementan income computations adjust in- come frum cuntinuing ul►eratiuns for the effects of changes in specific priers (current costs) of the resources used in providing srn ices and products sold. The effect of inflation is particularly e%ident in comparing the historical and adjusted cost of fixed assets and the related depreciation expense because fixed assets are held for an extended period of time yet remain at acquisition cost in the balance sheet. Depreciation expense allc►c'ates. on a ratable basis, a portion of the historical cost of assets stated in dollars having varying amounts of purchasing power. Since this purchasing power has changed significantly from the time these assets were acquired. tht• change must br considered to be the estimated efleui of inflation on the financial statements. A much less significant relationship exists with inventory held fur sale since the goods in Transwurld%. iti%enturies. principally fot,d and beverage items. hale been purchased just prior It► their sale. The supplementary financial statements prepared in accordance with the current cost concept assume the xaluing of fixed assets and in%enlon at year-end using costs in existence at December 31. 198i. Since these c•urrrnt custs are higher than the older historical costs fur equipment and properly current) in use. the related depreciation exi,ense incrrases Correspondingly. Infla- tion also affects rnonetan asset. and liabilities such as cash. rrcei%ables and pa%ables. Companies with net munelary liabili- ties experience gains because the amount required to satisf% the i net liability. expressed in purchasing powet. drerrases w ilb inflation. In a defldtionar% perlutl. the effect would be re%ersed. i Management's Analsis (if The `upplenlentan Information: Under historical accounting mrasuremenls. Transworld has reported re%enur growth of $434 million from $1. /2 billion in 1981 to $2.15 billion in 198.i. Adjusting for general inflation using the Consumer Price- Index for all l'rban Consumers (CPI-l!l shows that this increase has been the result of erosion of the purchasing power of the dollar. The resultant effect on earnings is shown, understandable. to be more dramatic. Depre- ciation expense, based on the restated value of assets for 198.5. is substantial) higher because the current cost of merchandis- ing equipment and other property is higher. Holders of mune- tan liabilities benefit during inflationary periods because cht•aper dollars are used to satisfy liabilities in the future. The decline in income from continuingoperations is partially offset b% this purchasing power gain. Due to the current nature of Transtsorld's inventories, the adjustments for changes in specific prices do not have a significant effect on cost of sen ices and products sold. For the current year the increase in the current cost of merchandising equipment and other property has been less than the rate of general inflation thereby generating a holding loss. net of inflation. Statement of income from continuing operations adjusted 1i,r changing priers (unaudited. dollar amounts in average 1985 dol tars l: liar Ended December 31. 1985 A, Mated ----Adjusted In Ilse for ChanFr i Animmi- In Thou,a ol- Fnldm 1.11 in Spe, ifi, Em ew Per Sltdtt• 4m„U111.1 lalerllrnl- Pri, r- Ulwratinp rrwnue, $2.151.3:u6 $2.151.356 (:o.l of srnow, dnd prrrlu,•t, sold wm lu,nr of drl,rrriduuu drld amortlzallon of pn peri% and leas•( 1.182. IN, 1.182.40; Depreciation and anwrti wilun 06. 87 1 88.238 tllwratin€r%pensrs.olhet T,34.413 Ulhrrcharge.tcredlt,l 24.474 24.4C) Income la%r, 38.y(I1_ 38.901 2.046.770 .2_(K)8.138 In, umr from continuing o eraliun- F 103.78p F 83.118 Edming. lver.Aary F 2.5o F 1.9; Purchasing puat•t gdin tin net munrtan habilitirt. held during the %rat 0.3310 Incn•a,r in current co,l of imenton and equipment held during the %ear F 2.1(►1) EfletI of un.r I he in r (r%el _ 31.Its, Exurt.s lbhurtfalh of Incrrasr,. in t.1wt iftc pncrs o%rr increase,. in the enrrdl ,ri, t• Iewl F OJAkil linrnlunes and Prolwo al Irrcemlrt•r 31, 1985: Imrnlonrs F 0.317 Pro ,cru. tie) of Irr rrecialion t 841.WXI 8E-1021 h f _ 1< '01 T 5 Belk , �� ...N Mlle- Itt t .fill I Illalll'IA !%11111.1111'lllr I. Itltl Itlllct11 Fiti'e•year comparison of selected supplementary financial data adjusted for effects of changing prices (unaudited, dollar amounts in average 1985 dollars): Years Ended December 31. I Antnttnt- fit 71ton.and, EU'eltl tier Share .Amninh. U1%1111md• and Indrk Dd1al 1985 1984 198.3 1982 1981 01.r.raultF reu'rlut•- S2.151,5i6 32AM.90-4 11.979,017 11.954,241 62.032.111 Curren) rn,t information: Incomr fnnn runtinuulF Uperatlun- 83.118 78,160 32.071 18.943 35.(X1.1 Iucumr fhwK l fntm continuing oltrration� per e•onlnxPo .harr 1.97 1.98 0.09 10.431 0.5 Eu•e,> (Aurtfall1 ed Incrraw in specific prn e- tner incn•a.r in list- general prove Ir%rl 129AK161 1.110 117.5871 41.W5 .11.094 �rla• t'l-a► 1.fM12.335 91o.6f►0 831.W1) 1.208.204 1,265.382 thher lnf tmillon: Pun hu•111F lwtar•r guilt on net mnnrWn hab11111r- ht•1d dunnF the %ear 6,339 0.405 8.526 17 .5 10 46.035 Ca-h dlt ldend- drrlarml Ifet common shirr 0.46 0.31 — — _ %I.tri.rt parr 1"-1 common .hare at %rdr-e•nd 39.(l 31.7 41.5 30.9 17.2 Average can -timer once. tndr% 32.2.2. 311.) 298.5 289.3 272.4 (a) Basis of Presentation. Transw'urld's historical financial stalen►ents are prepared principal!} on historical priers in effect %hen file tran.ac•tions originallN occurred and were recorded. The supplementan financial information discloses certain ef- frcl► of challges in price of prlllleri% and equipment owned or held under capital leases that have occurred since the pruprr1% was originalh a(•qutrrd In Transworld. Property acquired b% merger feu lu.itir of l►,loling of interest) is considered to have been acquired by Transworld at the date of the merger rather than the dale of original acquisition (if the item. (bl ln%enton and lost of Senicrs and Products Sold. Merchan- dise in%entun has been adjusted for changes in.specific prices. Such imrnton generall% has a rapid turnover and c•onsequrnil% imrnton values approximate their current cost. a (c) Current Cost of Property and Equipment, and Related Depreciation. Hotels, Building: and lmproti'emenis. Merchandising and Other Equipment and Properi�. The estimated current cost of this proper)} and equipment generall% was computed b% appl%ing prier indices published b% governmental and private organiza- liuns to the historical cost of the assets. Selected indices were Used filr carious classifications of buildings. improvements. and other proper)% and equipment. The historical cost of each classification was aged by vintage }'ear of acquisition for pur- poses of applying the proper index. Management believes that the resulting current cost data are reasonably representative of the specific price changes for these categories of propert% and equipment. Depreciation. Accumulated depreciation and the provision for depreciation expense expressed on the basis of current costs are based un the same methods and rates of depreciation as are used to prepare Transworld's historical financial statements. (d) Income Taxes. No adjustment is made to income tax expense for the increase in costs determined under the current c ust computations. 86-1021 r Directors and Corporate Officers Transworld Corporation Board of Director.- L. Edwin Smart Chairman of lhr Board and Chirf Executive Officer Transworld Corporation Charles J. Bradshaw President and Chirf Operating Officer Tri+nsw(irld Curitoratiun ).ester Crown Chairman cif the Board and Chief E xeculi%r Offit er Material Service Corltctration (pniducer and dittributur of building matrrial ) R.L. Hadle% Griffin Chairman of the E%ecuti%r Committer FlruiAn Group. Inc. la consumer products compam dealing with operations in fitctlwrar. recreational prviducts and sltrciall.% relaileup) Jewel S. Leforelani Partner. Ve dder. frier. Kaufman & Kammholz daw firnel Howard M. Lo%e Chairman of thr Pittard and Chirf E.%rculke Met rt National Intergroup. lei( . Imulu-industr% compam in distrihututn and ser%lcr Iluslllrssea With unestments in mrlal- indu-Inc-) John P Mascotte Chmmidn of the Huard and ('hirl E:%rc•utive Officer The Continental CorlKtranon )holding curnpan% in the insurancr• and insurance sin ices firld>i Ruhrrt S. )[McNamara Retired President Thr %%orld )lank c•onipan% dirre•trir. unitrhit% tr %we C. Edwin Nlr%er. Jr. President and Cheri E:%rcutl%r OffirVr Hlhon Intrrnational Co. Arja,, Miller Drrn Fmrriws Slanfunl 1'ni%rnil► Gradualr. r-h ad of liusinrs c•umpan*%% dirrclnr Andrall E. Pearmin Profs ­%oi Hanard Husinrss Sclwol Jerome J. Richardson Prrsidcnl and Chirf Execuli it• Officer Spartaii FikNl,lslr•111>. I11( . }rank L. Salizzoni Vice Chairman Transworld Corporation Morton 1. Scesland Director and President Sosland Companies. Inc. Idivemified activities including publishing and venture investing) Patricia Carr% Stewart Vice President The Edna McConnell Clark Foundation (non-profit charitable foundation) Curt R. Strand Chairman of the Board Hilton International Cie. Jack Valenti President Marion Picture .AssoK•iatiun of America Itrade a"twiationI Transworld Corporation Officers L. Edwin Smart Chairman of the Board and Chirf Fxrcuti%r offh e•rt Charles J. Bradshaw President and Chirf Operating Mcr•r' Frank L. Salizzoni Vice Chairman John J. O'h.eeffr. Jr. Vice Prrsidrnl-Administration. General Counsel and CorlNtralr lrcretan James K. Painter Vice ['resident and Controller Nicholas C. Morin Treasurer' I • At-, Cl,aurn m. Canirrn Corltttrawm. and I;hatrnwn t,f thr Uri uti%r Cummrtirr. I-Panan F,.,d !,%.trm•. lei . and Hdtun Ireirmauunal t.u. Z. Ah.0 Chairman. Spartan Void Svorm.. In, . 3. Alm. Trra.urri. Canirrn Guilt ranun and wipanan F-ml S%nlrnr>. feet . Transworld Corporation Board Committees Executive Committee L. Edwin Smart Chairman Charles J. Bradshaw Jewel S. Lafonlanl John I'. llascotle Frank L. Salizzoni Murton 1. ;osland Patricia Cam Stewart Audit Committee Morton 1. Sosland Chairnan Jewel S. Lafuntant Howard M. Love Andrall E. Pearson Compensation Committer W.L. Hadle% Griffin Chairman Lester Crown Atja% Miller Jack Valenti Finance Committee Frank L. Salizzoni Chairnan John 1' k18,c•orlt. H olw•rt S. McNamara L Edwin Smart Patricia Cam Stewart [Nominating Committer Andrall E. Pearson Chairman R.L. Hadle% Griffin Jewel S. Lafontant Public Affairs Committer Arja% [Hiller Chairman Charles J. Bradshaw John P. Nla,c•otty Robert S. McNamara C. Edwin Mever. Jr. Cum It. Strand Jack Valenti Retirement Plan Committer Frank L. Salizzoni Chairman Lester Crown Howard AI. I. ne Jerumr). Richardson Monoii I. Sustand Patricia Carl Stewart �'CLiJME SEfa 1//CES, INC. December 5, 1986 Mr. Walter E. Golby, Director Department of Parks, Recreation and Public Facilities c/o Office of the City Clerk City of Miami 3500 Pan American Drive, 1st Floor Miami, Florida 33133 Lear Mr. Golbv: Volume Services, Inc. is pleased to submit this proposal for food and beverage concessions at the Miami Orange Bowl and Miami Baseball Stadiums. We have developed a response that addresses all items included in the RFF, and are excited about the prospect of serving the patrons of these facilities. Our operating experience, resources and strong management presence in Florida is prepared to meet the challenges of the early_ transition date as prescribed. If during your review of our submittal you develop any questions or require further information or clarifications, please contact me. Sincerely, Volume Services, Inc. David R. Scoco Sales and Marketing Manager Enclosure DRS:gat 86--ID GT'/9R-1 *Oper. #4800 EAS: $1,200,000 ® SAFECO INSURANCE COMPANY OF AMERICA GENERAL INSURANCE COMPANY OF AMERK AC FIRST NATIONAL INSURANCE COMPANY SAFECO OF AMERICA HOME OFFICE SAFECO PLAZA SEATTLE. WASHINGTON 98185 slid 'fond 'i'o. 511601r1- If) BID BOND Approved by The American Institute of Architects, A.I.A. Document No. A-310 (Feb. 1970 Edition) 13)' 71l1'Sl:' PRI•SLNT , ThaI Ise. _ ___ _ Volume Ser.,ices, Inc. as Proicip al, heteltlafter called I!lc Principal. and the SAFECO INSUPANCI COMI)ANY OF AMERICA, of Seattle, 11'asl'i•igton, a coipnration duly organized under ;i.e of the State of 11'as! it tun. i, Sarct\ , hercri,,:. ter :.illed the Surct} , are he!d and lit Ink bound unto_.__ - -- Cit'. o=;iar-d - —_ ---- a� 0! :gc . Lc:.,na'ter called ;he Ohligee. ----^,ent,-Fi-:e Tl:ousand and No, 100------------------_--------- Dollars t� 2�,OLv.04_ ►. for the p,nrll:rlt rild truh be made, th•c ,.nd PtiticlpJl and the said Surety. hind •�tII :!�: �'Jr Ilei rs. e\ec;11W...ldi:lr:.UtlaI� rs. SU%:%X,, 1r alld aslr"tls.)mI,tIy arid !,C%raIk, thinly h} Ihese prexilis. It'I11"R1.IS. (he Ptracipal has submitted a hld for --__Food and Be%-erage Concessions at Miand as-ned football and baseball facilit%- from 1,'1/6-1 to 2/l/91. \0W. 7111:R.1'I'ORL', if the Obligee shall accept the hid of the Principal and the Principal shall enter Into a CUitIract with the Obh_•ee in accordance with the terms of such bid. and give such bond or bonds as may be specified lit the bidd:ng or Contr.ct Documents with good and sufficient surety for the faitltiul performance of such Contract and for the prompt pa*mcnt of labor and material furni>hed lit the pmsectinon thereof, or in the event of the failttre of the Principal to enter ,a;h Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the pc:,a!t) h.rc. f bet\%ecn the aniow-t Npecrtied lit said bid and such larger amount for which the Obligee Islay in good filth contract with M(11110 party to perform the Work Covered by said hid, then this obligation shall he null and v.,;J, otherwise to terlarn in toll force and effect Signed and sealed this 26th _ -- _ -- day of __-_. Noveritier --- - I 86 11'i(ness et 11IIness Volume Services s - nC . _ t Sea! I -- - - -- 1 " — principal K. H. Sedlarz-Vice President Title SAFLCO INSUR..ANCL' COMPANY OF WFRICA c f n :lttonuy•iu-Fact 86-1021 SAFECO INSURANCE COMPANY OF AMERICA POWER OF ATTORNEY GENERAL INSURANCE COMPANY OF AMERIC HOME OFFICE SAFECO PLAZA F` SEATTLE. WASHINGTON 98185 SAFECO No. 4666 KNOW ALL BY THESE PRESENTS: That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA,each a Washington corporation. does each hereby appoint ------- ----------- --------------ALICE ALBANO----------- ------------------------ its true and lawful attorneys► -in -fact with full authority to execute on its behalf fidelity and surety bonds or undertakings and other documents of a similar character issued in the course of its business. and to bind the respective company thereby IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA have each executed and attested these presents this end day of Nnvt-,n fpT . 19 R'' CERTIFICATE Extract from the By -Laws of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA: "Article V. Section 13 — FIDELITY AND SURETY BONDS the President. any Vice President, the Secretary and any Ass,sta-! Vice president appointed for that purpose by the officer in charge of surety operations shall each have authority to appoint individuals as attorneys -in -fact or under other appropriate titles with authority to execute on behalf of the compare `ioe!Ry and surety bonds and other documents of similar character issued by the compary in the course of as buslnPss Or any instrument making or evidencing such appointment. the signatures may be affixed by facsimile Or anti irstrurne^t conferring such authority or on any bond or undertaking of the company. the seal, or a facsimile thereof, ma, be impressed or affixed or in any, other manner reproduced, provided. however. that the seal shall not be necessar, io the va .'I I, c4 ar, such instrument or undertaking " Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28 1970 Or any certificate executed by the Secretary or an assistant secretary of the Company setting out. (i) The provisions of Article V, Section 13 of the By -Laws. and (ni A copy of the power -of -attorney appointment. executed pursuant thereto, and (ml Certifying that said power -of -attorney appointment is in full force and effect. the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof " I. Bon A Dickey. Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By -Laws and of a Resolution of the Board of $ Directors of these corporations, and of a Power of Attorney issued pursuant thereto, are true and correct, and that both the s By -Laws. the Resolution and the Power of Attorney are still in full force and effect IN WITNESS WHEREOF. I have hereunto set my hand and affixed the facsimile seal of said corporation . t this day of 19 8G PRATED iN u 5 A 0 STATE OF ss County of 0 ACKNOWLEDGMENT BY SURETY On this day of before me personally appeared Al l c' Albano known to me to be the Attorney- in•Fact of SAFECO INSURANCE COMPANY OF AMERICA, GENERAL INSURANCE COMPANY OF AMERICA, FIRST NATIONAL INSURANCE COMPANY OF AMERICA or SAFECO NATIONAL INSURANCE COMPANY, the corporation that executed the Within instrument, and acknowledged to me that such corporation executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal• at my office in the aforesaid County, the day and year in this certificate first above written , Notary Publi ,n'they $pf4 of. _ - ' tSeall County of l uur. $ i30 04 E 78 PAINTED iN u 5 A 8f -1021. 0 0 TABLE OF CONTENTS INTRODUCTION A. CORPORATE PROFILE AND PHILOSOPHY....... ........ %..3 B. OUR CREDENTIALS..................................13 C. MANAGEMENT PLAN - OPERATIONS .....................36 D. MANAGEMENT PLAN - MA.NAGEMFh"T AND STAFFING ........ 42 E. CAPITAL IMPROVEMENTS .............................50 F. FINANCIAL CONTROLS AND ACCOUNTING................52 G. EMPLOYEE GROWTH AND DEVELOPMENT..................55 H. CORPORATE SUPPORT SERVICES AND UNIQUE PROGRAMS...61 I. PROPOSAL DOCUMENTS EXHIBITS - Alcohol Awareness Program...............El - Affirmative Action/EEO..................E2 - Uniforms................................E3 - Corporate Capabilities Brochure.........E4 - Volume Services Brochure................E5 - TW Financial Statement..................E6 - Certificate of Insurance................E7 - Letters of Recommendation...............E8 86-102 0 0 INTRODUCTION The provision of quality food and beverage services is an important and Integral function of the operations at the Orange Bowl and Miami Stadium. The undertaking of such a responsibility is not to be treated lightly, or as simply as "just another Stadium Foodservice". Volume Services, Inc. understands and appreciates your objective to offer the tenants, visitors and guests of Miami, the highest quality products and services at outstanding value. We have developed this response to your request for proposals incorporating our significant experience, proven operational programs and management resources into an innovative and comprehensive management plan for the facilities. The diverse food and beverage requirements of the stadiums will require an equally flexible and creative organization to ensure customer satisfaction and financial performance. The Volume Services Division of Canteen is prepared to meet the challenge. As you review our proposal, we invite you to establish the standards by which to evaluate our performance. The operating concepts, management plans and financial projections contained herein are our commitments to the City of Miami, and to the patrons of the Orange Bowl and Miami Stadium. ov, z 8f—i00c.1 0 t Our proposal is organized into topical headings, each section detailing specific information as it relates to a successful foodservice operation at the stadiums. Every element is designed to ensure that Volume Services' contribution to the overall success of the complex is complete, and exceeds your expectations. 86 -1021 0 A. CORPORATE PROFILE 8 PHILOSOPHY Corporate Profile Volume Services Inc.. recognized as the leader in excellent quality food service to recreation, sports and convention center markets is a wholly owned subsidiary of Canteen Corporation, one of the nation's finest food service management firms. Volume Services specializes in the unique food service requirements of convention centers, stadiums, arenas, racetracks, and numerous other public facilities. We have distinguished ourselves in the industry by means of the Volume Services System, providing management, merchandising, controls, financial return to our clients, and, most importantly, excellent service to our customers. Volume Services has significant experience in successful operations plus the desire and flexibility to continually learn new techniques to improve our performance. We have served six World Series in three different cities, numerous Colliegiate Bowl Games, national political conventions, many of the most prestigious international, state and regional conventions, as well as many other high attendance events. We were privileged to serve the spectators of both Super Bowl RVIII at Tampa Stadium and the 1984 Summer Olympics at the Los Angeles Coliseum and Sports Arena. Our ability to provide our convention centers, arenas, and stadiums with maximum gross revenues and the highest possible per capita volume has enabled us to continually renew contracts in the facilities where we operate and add new business to this growing market each year. -3- 8E-1021 0 t During 1985, Volume Services Inc., became a part of Transworld Corporation's family of service organizations via Transworld's purchase of the Interstate United Corporation. Now as a wholly -owned subsidiary of Canteen Corporation, Volume Services benefits from the significant experience and resources of this major contract management firm. Canteen Corporation one of the nation's largest service providers, this 1.3 billion dollar concern is rapidly becoming known as America's Foodservice Company. The corporation's rich history began in Chicago in 1929. Since then, by broadening its markets and operations, the company has enjoyed steady growth while this diversification has lead to a leadership role in virtually every area of professional service management. x In addition to Volume Services, Inc., Canteen Corporation is divided into the following network of operating groups: r, r r ; a- 8G-1021 -4- 0 0 Canteen Corporation (Continued) * TW Services, Inc...provides food, lodging, gift shops and tour services in National, State and municipal parks, conference centers, and training facilities, services include: - resort management - marketing and sales promotion - rentals, tours, exhibits - quality dining programs - facility maintenance - security and transportation * Gulliver's... This deli concept meets the needs of office workers and visitors in multi -tenant commercial office buildings without company sponsored foodservices. The services include: - customized design - convenience to tenants - tenant catering - Build -Your -Own salad bars - prepared to order delicatessen sandwiches - kitchen fresh soups - breakfast service SF-1021. -5- 0 t Canteen Corporation (Continued) * Corporate Foodservices... meets the dining requirements of American Business. The services include: - Executive Dining Rooms - Employee Dining Rooms - Special Function Catering * Educational Foodservices... Canteen's Educational Foodservice provides nutritious, tasty lunches to North America's primary and secondary schools. The services include: - sophisticated management methods - trained quality management - employee training and motivation - high quality, tasty food - appetizing menu choices - imaginative merchandising * College and University Foodservices...Canteen's menus, meal plans and style of service reflect what students and college administrators demand in foodservice. The services include: 8f -1021 -6- 0 flexible meal plans credit cards and computer deductions rathskellers, delicatessens, pizzerias, pubs, and soda shops student involvement special events cost-effective management * Correctional Foodservices...0ur management programs, which meet court mandated standards, provide prison administrators with efficient, cost effective approaches to growing populations. The services include: - Use of Federal Commodities - Use of prison -grown foods - computer menu controls - religious and denominational menus - design assistance - skill training for inmates - security procedures and contingency plans - nutrition standards which exceed American Correctional Association guidelines 8E-1()2 -7- 9 * Health Care Foodservices... Provides dietary departments and coffee shops for hospitals, nursing homes and life care centers. The services include: - menu development and analysis - patient meals - nourishment programs - purchasing services - administrative reports and financial forecasting - in-service training * Vending and Automated Services...Canteen provides vending services through 200,000 vending machines in 180 markets across North America. The services include: - state of the art equipment - national brands - kitchen fresh foods - trained professional personnel - responsive maintenance - detailed computer reporting - Quality Assurance programs 8E"1.0n� x -8- 0 * Preferred Meal Systems...provides 42 million preportioned, single -service meals each year to school children across the country. The services include: - top-quality food at reduced costs - reduced demands for equipment - lower labor factors - less administrative involvement for school administrators - firn! price quotations - purchasing, production and distribution systems * The Rowe Division...provides cigarette and refreshment services, amusement games, phonograph music systems for restaurants and other businesses across the United States. The services include: - prompt, efficient, dependable service - stringent accountability - top quality products - the finest equipment It becomes evident that the Canteen family of operating groups truly provides food and related services to every aspect of daily activity. SE-1021 -9- 0 0 Transworld Corporation Canteen is a wholly -owned subsidiary of Transworld Corporation, a $2.5 billion New York based holding company that guides a network of service -oriented companies. Besides Canteen, the Transworld family includes: * Hilton International - one of the world's foremost hotel management companies, with 89 hotels in 43 foreign countries. Domestically Hilton International operates under the Vista International name. * Spartan Food Systems.- Canteen's sister company in the Transworld "Food Group" owns and operates more than 300 Hardee's fast food restaurants and 200 of its own proprietary concept, Quincy's Family Steak Houses. The common denominators linking each of the divisions of Transworld Corporation are food, service and hospitality. Transworld's concentration on these common elements has resulted in one of the world's largest and finest service organizations. Each member of TWC Family shares its resources with one another. Regular exchange of training, marketing, and operational information is encouraged. The 1985 TWC Annual Report has been included for your review, as an exhibit to this submittal. 86-102t -10- IM 0 Volume Services' philosophy for foodservice operations is based upon the development, implementation and maintenance of the highest professional foodservice standards. Our approach is to test and refine programs which can be duplicated in each of our operations and which are adaptable to our clients' facilities and requirements. The ability to deliver quality programs again and again under very different circumstances for clients with very different objectives is unique in the food service industry. This ability says more about our management philosophy than anything we might say in our proposal. Volume Services has enjoyed exciting growth due to our sensitivity to our clients' needs and understanding of foodservice trends. We will ensure our continued growth through imaginative marketing, professional management, innovative systems, and the development of creative foodservice personnel. Much of our future growth will come from our existing business base. The on -going development of quality programs, sound controls, and our ability to out -perform our competitors will continue to provide us solid growth opportunities. -11- # 0 Volume Services places great emphasis on developing and training its people. We constantly review the talent pool from academic and industry sources and hire quality people for management training positions to aWport our growth plans. Once affiliated with Volume Services, new employees receive a formal curriculum of training programs, workshops and programmed study. Our philosophy of demanding quality service and performance excellence ensures continued growth, expansion and leadership for Volume Services. In a market populated with discerning clients, we stand out as the choice for excellence. We encourage you to visit foodservice locations managed by Volume Services. you'll find out we don't just talk about quality and consistency, but we achieve it. 8E-1®21 -12- 0 # B. OUR CREDENTIALS We are all known by the company we keep. At Volume Services we are proud to say we keep some impressive company. Our complete list of clients and their facilities we serve is included for your review. -13- CLIENT LIST We encourage you to contact each of our clients for a first person appraisal of our performance. The following is a list of our valued clients, in alphabetical order, indicating our client's name, address, and telephone number, as well as the facilities, size, type of service and year service started. CLIENT American Royal Center 25th Floor, City Hall Kansas City, Missouri 64106 CONTACT Mr. John Burge 816/274-1316 FACILITIES Kemper Memorial Arena (18,000 seats) American Royal Building ( 6,150 seats) Governors Exposition Building (120,000 sq.ft.) TYPES OF SERVICES Concession (stands and vendors), programs, and novelties START OF SERVICE 1974 CLIENT Arkansas State Fairground Complex P.O. Box 907 Little Rock, Arkansas 72203 CONTACT Mr. J. R. "Johnnie" Holmes 501/372-8341 FACILITIES T. H. Barton Coliseum Arena (10,000 seats) Hall of Industry (37,000 sq. ft.) Grandstand ( 5,000 seats) TYPES OF SERVICES Concessions (stands and vendors), programs, novelties, cafeteria and banquet catering. START OF SERVICE 1979 86-102t -14- 0 9 CLIENT Arrowhead Stadium Vne Arrowhead Drive fansas City, Missouri 64105 CONTACT Mr. Jack Steadman Mr. Robert Wachter 816/924-9300 816/924-9300 FACILITIES Football Stadium (78,034 seats) TYPES OF SERVICES Concession (stand and vendors), programs, and novelties START OF SERVICE 1972 CLIENT Baltimore Civic Center 201 W. Baltimore Street Baltimore, Maryland 21201 CONTACT Mr. Charles Neustadt 301/837-0903 FACILITIES Arena (13,000 seats) TYPES OF SERVICES Concessions, programs, novelties and catering START OF SERVICE 1984 P L 8�-1Q21 �j 0 CLIENT British Columbia Place 777 Taylor Street Vancouver, British Columbia, Canada V6B4Y8 CONTACT Mr. Harry Renaud 604/669-2300 FACILITIES Stadium (60,000 seats) Stadium Club ( 75 seats) Luxury Suites (80) Exhibit Hall (230,000 sq.ft.) TYPES OF SERVICES Concessions, catering, restaurants START OF SERVICE 1983 CLIENT Casper Events Center 200 N. David Street Casper, Wyoming 82601 CONTACT Mr. John Nath 307/235-8354 FACILITIES Arena (10,000 seats) Exhibit Space (44,000 sq. feet) Theatre ( 3,500 seats) TYPES OF SERVICES Concessions (stands and vendors) START OF SERVICE 1982 -16- 9 9 CLIENT The Centrum in Worcester c/o Spectacor Management 50 Foster Street Worcester, Massachusetts 01608 CONTACT Mr. Neil Sulkes 617/755-6800 FACILITIES Arena (13.500 seats) Exhibit gall (40,000 sq. feet) TYPES OF SERVICES Concessions and catering START OF SERVICE 1982 CLIENT Century II Complex 225 West Douglas Avenue Wichita, Kansas 67202 CONTACT Mr. James F. Clancy 316/264-9121 FACILITIES Exhibit Halls (Total 200,000 sq.feet) Arena ( 5,200 seats) Concert gall ( 2,190 seats) Performing Arts Theatre ( 661 seats) _ TYPES OF SERVICES Concessions, catering and novelties START OF SERVICE 1985 8G-102t -17- 9 9 CLIENT Victor K. Copps Trade Centre/Arena 101 York Boulevard Bamilton, Ontario, Canada L8R3L4 CONTACT Mr. Brian Conacher 416/526-4450 FACILITIES Coliseum (18,000 seats) Exhibit Space (87,000 square feet) TYPES OF SERVICES Concessions and club START OF SERVICE 1985 CLIENT Erie Civic Center P. 0. Box 6140 Erie, Pennsylvania 16512 CONTACT Mr. Jay Armbruster 814/453-7117 FACILITIES Arena ( 9,200 seats ) Exhibit Hall (25,000 sq. ft.) TYPES OF SERVICES Concessions, programs, novelties and catering START OF SERVICE 1984 SC-1321 -18- 9 9 CLIENT Five Seasons Center 150 First Avenue, N.E., Suite 250 Cedar Rapids, Iowa 52401 CONTACT Mr. David Pisha 319/398-5211 FACILITIES Arena ( 8,500 seats) Exhibit Space (28,500 sq. feet) TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1979 CLIENT Fresno Convention Center 2101 "C" Street Fresno, California 93706 CONTACT Mr. Ernie Valdez 209/488-1511 FACILITIES Arena ( 7,410 seats) Theatre ( 2,359 seats) Exhibit Hall (32,000 sq. feet) TYPES OF SERVICES Concessions and catering START OF SERVICE 1982 86-1021 -19- 0 9 CLIENT Hollywood Greyhound Track 831 North Federal Highway Hallandale, Florida 33009 CONTACT Mr. Les Schwartz 305/454-9400 FACILITIES Greyhound Track (15,000 seats) Dining Rooms ( 700 seats) TYPES OF SERVICES Concessions, catering, restaurants START OF SERVICE 1973 CLIENT Hubert A. Humphrey Metrodome Stadium 900 South 5th Street Minneapolis, Minnesota 55415 CONTACT Mr. Jerry Bell 612/332-0386 FACILITIES Domed Stadium (65,000 seats) TYPES OF SERVICES Concessions (stands and vendors) START OF SERVICE 1982 8E-1021 -20- CLIENT Jacksonville Sports Complex Department of Recreation and Public Affiars 851 North Market Street Jacksonville, Florida 32202 CONTACT Mr. Dan Lee 904/633-3808 FACILITIES Stadium (Gator Bowl) (70,000 seats) Coliseum (10,228 seats) Auditorium ( 3,200 seats) Beach and Miscellaneous City Parks TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1976 CLIENT Jones Beach State Park Long Island State Park and Recreation Commission Belmont Lake State Park Babylon, Long Island, New York 11702 CONTACT Mr. John Sheridan 516/669-1000 FACILITIES Beachfront (33 miles) Softball Fields Golf Course Theatre Fishing Piers TYPES OF SERVICES Concessions, restaurant, banquet catering, cafeterias, vending and liquor services START OF SERVICE 1931 86-10 21 -21- 0 0 CLIENT Kansas City Convention Complex 1310 Wyandotte Kansas City, Missouri 64105 CONTACT Mr. John Burge 816/421-8000 FACILITIES Arena ( 10,000 seats) Exhibition Hall ( 50,000 sq. feet) Exhibition Hall (200,000 sq. feet) Music Hall ( 3,500 seats) Theatre ( 1,000 seats) TYPES OF SERVICES Concessions, banquet catering, cocktail lounge, restaurant, cafeteria START OF SERVICE 1976 CLIENT Lawlor Events Center University of Nevada, Reno Business Center North Reno, Nevada 89557 CONTACT Mr. Robert Dagitz 702/784-6552 FACILITIES Arena (13,000 seats) TYPES OF SERVICES Concessions, bar, catering and novelties START OF SERVICE 1983 8f -1021 —2 2— I I CLIENT Los Angeles Memorial Coliseum and Sports Arena 3911 South Figueroa Street Los Angeles, California 90037 CONTACT Mr. James Hardy 213/747-7111 FACILITIES Stadium (88,000 seats) Arena (15,400 seats) TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1977 CLIENT Ted Makalena Golf Course Waipio, Ewa, Hawaii CONTACT Mr. Kiyo Tenjome 808/259-5350 FACILITIES 18-Hole Golf Course TYPES OF SERVICES Concession stands and catering START OF SERVICE 1981 -23- 86-1021 0 9.9 CLIENT Oakland -Alameda County Coliseum Complex Nimitz Freeway and Hegenberger Road Oakland, California 94621 CONTACT Mr. Ray Ward 415/569-2121 FACILITIES Stadium (54,000 seats) Arena (14,260 seats) Exhibit Hall (50,000 sq. feet) TYPES OF SERVICES Concessions (stands and vendors) START OF SERVICE 1966 CLIENT Ocean Center 101 N. Atlantic Avenue Daytona Beach, Florida 32018 CONTACT Mr. Jerry Mac Donald 904/252-7766 FACILITIES Arena (10,000 seats) Exhibit Hall (62,000 sq. feet) TYPES OF SERVICES Concessions (stands and vendors), liquor service, catering START OF SERVICE 1985 6E-1�21 s F- -24- 11 I CLIENT Orange County Convention/Civic Center 9800 International Drive Orlando, Florida 32809 CONTACT Mr. David O'Neal 305/420-3773 FACILITIES Convention Center (165,000 sq. feet) Arena ( 8,500 seats) Meeting Capacity ( 12,000 seats) Meeting Rooms ( 40 ) TYPES OF SERVICES Concessions (stands, vendors), catering START OF SERVICE 1983 CLIENT Lester E. Palmer Auditorium P.O. Box 1088 Austin, Texas 78767 CONTACT Mr. Ron Wood 512/476-5461 FACILITIES Coliseum ( 6,200 seats) Auditorium ( 6,000 seats) Exhibit Area (87,440 sq. ft.) Banquet Facilities ( 4,500 capacity) TYPES OF SERVICES Concessions (stands and vendors), programs, novelties, and banquet catering START OF SERVICE 1979 8F-10ti1 -25- E .1 CLIENT Pompano Park Racetrack 1800 Southwest Third Street Pompano Beach, Florida 33060 CONTACT Mr. Harold Duris 305/972-2000 FACILITIES Harness and Quarterhorse Racetrack TYPES OF SERVICES Clubhouse dining rooms, concessions, bars, and catering START OF SERVICE 1973 CLIENT Richmond Coliseum Dept. of Community Facilities 600 E. Broad Street - Suite 615 Richmond, Virginia 23219 CONTACT Mr. Jerry Johnson 804/780-5093 FACILITIES Coliseum (14,000 seats) Exhibit Space (50,000 sq. feet) Mosque Theatre ( 3,667 seats) TYPES OF SERVICES Concessions, catering and novelty sales START OF SERVICE 1982 S F� 86 10 21 -26- CLIENT Riverfront Coliseum 100 Broadway Cincinnati, Ohio 45202 CONTACT Mr. Don Schumacher 513/241-8500 FACILITIES Coliseum (19,000 seats) TYPES OF SERVICES Concessions, programs, and novelties START OF SERVICE 1975 CLIENT Riverside Convention Center 3443 Orange Street Riverside, California 92501 CONTACT Mr. George Condos 714/787-7590 FACILITIES Exhibition Hall (32,000 sq. feet) Banquet Hall (16,000 sq. feet) TYPES OF SERVICES Banquet catering and concessions START OF SERVICE 1976 86-1021 —27- CLIENT Rockford Metro Centre 401 S. Main Street Rockford, Illinois 61101 CONTACT Mr. Douglas Logan 815/968-5600 FACILITIES Arena (10,000 seats) Exhibit Area (91,000 sq. feet) TYPES OF SERVICES Concessions (stands and vendors), programs and novelties optional START OF SERVICE 1981 CLIENT Royals Stadium One Arrowhead Drive Kansas City, Missouri 64105 CONTACT Mr. Joseph Burke Mr. John Schuerholz 816/921-8000 816/921-8000 FACILITIES Baseball Stadium (40,613 seats) TYPES OF SERVICES Concessions (stands and vendors), programs, and novelties START OF SERVICE 1972 -28- �e y l k ;4 CLIENT Sacramento Community Center 1300 "K" Street Sacramento, California 95814 CONTACT Mr. Sam Burns 916/449-5291 FACILITIES Exhibit Hall. with Stage ( 7,200 seats) Exhibit Hall (40,000 sq. feet) Auditorium ( 4,500 seats) Theatre ( 2,500 seats) Activities Building (10 banquet rooms) TYPES OF SERVICES Banquet catering, concessions, and meeting room services START OF SERVICE 1974 CLIENT St. Louis Arena 5700 Oakland Avenue St. Louis, Missouri 63110 CONTACT Mr. Jack Quinn 314/644-0900 FACILITIES Stadium Club (400 seats) Luxury Suites (50) TYPES OF SERVICES Concessions, restaurants* bars, catering START OF SERVICE 1984 st--2 JAZl -29- CLIENT St. Paul Civic Center 143 West 4th Street St. Paul, Minnesota 55102 CONTACT Ms. Marlene Anderson 612/224-7361 FACILITIES Arena (17,700 seats) Auditorium (10,000 seats) Exhibit Space (Over 100,000 sq. feet) TYPES OF SERVICES Concessions (stands and vendors), programs. and novelties START OF SERVICE 1977 CLIENT Sea Life Park Makapu Point Waimanalo, Hawaii 96795 CONTACT Mr. Robert Moore 808/259-7933 FACILITES Marine Show and Viewing Tanks TYPES OF SERVICES Concessions, bars, restaurant, and catering START OF SERVICE 1975 86--1.02i. -30- s a v CLIENT Seattle Center - 305 Harrison Street Seattle, Washington 98109 CONTACT Mr. Ewen Dingwall 206/625-4227 FACILITIES Coliseum (15,000 seats) Exhibit Space (40,000 sq. feet) Arena ( 6,100 seats) Opera House ( 3,100 seats) Display Hall (37.000 seats) Playhouse ( 800 seats) Banquet Rooms ( 10 rooms) TYPES OF SERVICES Concessions, catering, and novelties START OF SERVICE 1964 y CLIENT Sodrac Park/Jefferson Park Racetracks Box 195 *.� North Sioux City, South Dakota 57049 CONTACT Mr. Iry Epstein y, "• 605/232-4321 FACILITIES Thoroughbred Racing Greyhound Racing TYPES OF SERVICES Restaurant and concessions START OF SERVICE 1978 LO :. k. 8E-021 —31- 0 0 CLIENT Tampa Stadium Tampa Sports Authority 4201 N. Dale Mabry Hwy. Tampa, Florida 33607 CONTACT Mr. Joseph J. Zalupski 813/872-7977 FACILITIES Stadium (72,000 seats) TYPES OF SERVICES Concessione (stands and vendors), programs, and novelties START OF SERVICE 1978 CLIENT Thomas and Mack Center University of Nevada, Las Vegas 4505 Maryland Parkway Las Vegas, Nevada 89154 CONTACT Mr. Dennis Finfrock 702/739-3761 FACILITIES Arena (18,500 seats) Silver Bowl Stadium (32,000 seats) TYPES OF SERVICES Concessions (stands and vendors) and catering START OF SERVICE 1983 86-1021 -32- C NNW- i CLIENT Tucson Community Center 260 South Church Street Tucson, Arizona 85703 CONTACT Mr. Robert J. Sullivan 602/791-4101 FACILITIES Arena ( 9,550 seats) Exhibit Hall (35,000 sq. feet) Music Hall ( 2,300 seats) Auditorium ( 575 seats) TYPES OF SERVICES Concessions, liquor service, and banquet catering START OF SERVICE 1974 CLIENT University of Washington Stadiums Tubby Craves Building Seattle, Washington 98195 CONTACT Mr. Michael Lude 206/543-5828 FACILITIES Stadium (60,000 seats) Arena ( 8,475 seats) TYPES OF SERVICES Concessions START OF SERVICE 1985 86-1021 -33- E 0 CLIENT Veterans Memorial Auditorium 833 5th Avenue Des Moines, Iowa 50309 CONTACT Mr. Roger Newton 515/283-4168 FACILITIES Arena (15,000 seats) Exhibit Hall (30,000 sq. feet) Total Exhibit Space (76,000 sq. feet) TYPES OF SERVICES Concessions, liquor service, banquet catering START OF SERVICE 1981 CLIENT Waimea Falls Park 59-864 Ramehameha Highway Oahu, Hawaii 96712 CONTACT Mr. Roberts Leinau 808/259-7922 FACILITIES Botanical Park and Waterfalls TYPES OF SERVICES Concessions, bars, restaurant, and catering START OF SERVICE 1979 8E~1021 -34- CLIENT West Palm Beach Municipal Entertainment Center 1601 Palm Beach Lakes Blvd. West Palm Beach, Florida 33401 CONTACT Mr. Randy Carillo 305/683-6010 FACILITIES Exhibit Space (27,000 sq. ft. exhibit space) Auditorium ( 7,500 seats) Baseball Stadium ( 5,000 seats) TYPES OF SERVICES Concessions, catering, novelties START OF SERVICE 1985 CLIENT Yankee Stadium 161st and River Avenue Bronx, New York 10451 CONTACT Mr. James Naples 212/293-4300, Ext. 230 FACILITIES Baseball Stadium (60,000 seats) Luxury Suites (19) Stadium Club and Lounge (430 seats) Combo Club (125 seats) Yankee Club (125 seats) Press Dining Room (65 seats) TYPES OF SERVICES Concessions. restaurants START OF SERVICE 1964 -35- 86-1021 C. MANAGEMENT PLAN - OPERATIONS Concessions Volume Services' proven systems of concession operations combines the advantages of creative merchandising with optimum stand employee efficiency to provide maximum sales and the fastest service in the industry. The faster service and higher volume of this system is proven daily at all of our locations throughout the nation. Volume Services has been awarded contracts based on our ability to provide higher sales and per -capita spending. This ability to generate the highest possible per capita sales converts into a higher net income to your facility, as witnessed by Mr. Len Zerilli, CFE, Manager of the Sacramento Community Center. "Since 1974--the opening of the Sacramento Community/Convention Center --we have had the service for food and beverage by Volume Services. Initially, our community was much concerned about having a national firm represent our Center in this phase of our operation. Although Volume Services was not the high bidder, they were chosen over other bidders, and truthfully, we have not regretted the choice. Each year they have continued to increase revenue to the City. This has been accomplished by a complete evaluation on a continuous basis of their service and products to the patrons of the Center and for each event accordingly. Although Volume Services is a national firm, we consider them a local since they have now been in our community for so long, hire locally, and purchase as much as possible from local purveyors. We expect the high degree of professionalism experienced in the past to continue into the future. Should you choose Volume Services, I am certain that they would also provide your facility with the degree of satisfaction you can be proud of." 8E-1021 -36- A it Concessions (Continued) The principles of the Volume Services System are quite simple. Building upon the design of the food and beverage concessions, the following I elements are developed: ° Creative Merchandising ° Quality Menus ° Employee Training ° Courteous Service ° Operating Policies and Procedures ° Accurate and Timely Reporting This combination of location specific procedures results in customer satisfaction and increased per-capitas. That is the success of the Volume Services concession system ... the most efficient ...the most productive in the industry. E #` Our Unit Operations Manual is available for your review, however, its contents are proprietary. Upon our successful selection as your contractor, a manual specific to the Miami operations will be prepared. -37- Catering Volume Services is a full foodservice management company. Our professional management approach is used in both the concessions and catering operations. We operate catering facilities which host from five people to 13,000 for breakfasts, lunches, dinners, meetings, and receptions of all kinds. The interest, enthusiasm and flexibility for creating an individual catering package for each tenant and serving him in a "distinguished" fashion with no surprises is the foundation of our successful catering program. Volume Services has the ability to meet even the most unique catering requirements. From clam bakes to cocktail parties, we have the experience and expertise to fully handle the gamut of catering challenges. The same expertise, which we display in catering a Presidential Inaugural and employee company picnics for as many as 50,000 people is available to satisfy catering needs with the usual no surprises results. * Catering assignments will be met without disruption in the daily foodservice/concessions operations. * Any event of any size at any time for the year will be handled. -38- 8E-1021 a ;.. Catering (Continued) * Both regularly scheduled and specially catered events will run smoothly. * The theme, menu, presentation and type of service for each event will be specifically tailored to meet the customer's objectives. * Finally, the customer can be assured of operations within a specific budget for each and every event. The net of no surprises catering is what Volume Services will provide: A superior service specifically planned to meet the client's needs. No surprises catering achieves what it does because it views each and every event as a separate foodservice situation requiring its own separate "Event Plan". Elements which go into each "Event Plan" include: * Determining the characteristics of the audience to be served: - Visitors from a foreign country?. - Civic Group?; - College Organization? - Political Group? - Private Industry? m 8E-1021 -39- F` w .fits{J. .' { Catering (Continued) * Determining the size and make-up of the audience G, - The number involved? } - Are families to be involved? * Setting the specific objectives for each event: } - Awards Banquet? - Presentation of the annual report? } - Executive seminar? * Setting the date and time Setting the budget? On a per -person basis? - An overall figure? * Determining the type(s) of menu(s) required? Yv� - Several course formal dinner? ,rA - Cocktails? - Large Barbeque? fla- Special "Theme" menu, decor, etc.? ;. It's our sound planning that assures you of perfect execution, no matter what the requirements. �XF 4 -1021L -40- Catering (Continued) By asking all these questions and getting the right answers, we will provide a superior service, which is pre -planned, flexible, imaginative and uniquely in keeping with the catering requirements at the Orange Bowl. 86-1021 -41- 0 D. MANAGEMENT PLAN - MANAGEMENT AND STAFFING What follows is a detailed description of our management team planned for the facilities, our organization in the Miami area and how both will interface with the complex. 1 Senior Management and Corporate support staffs are vital to any business. But in a service and people oriented business the critical - element is the relationship of our local management with you and with 4;= your patrons. Therefore, our focus here is on key members of our local 3 and on -site management staff. General Manager Concept Foodservice responsive to your objectives and sensitive to the customer's needs requires continuity, coordination and management direction. To achieve this, one individual must be responsible. With Volume Services that is the task of the General Manager. The Resident _3r General Manager for Volume Services will be responsible for planning and r. directing all operational, financial and personnel activities for the foodservices at the Orange Bowl and Miami Stadium . The General Manager must comply with corporate policy and procedures to assure quality service. The Manager has the expertise and latitude to 'j�, institute specific procedures for the facilities. irF =ILL -42- A( i 4 General Manager Concept (Continued) Be has the authority to make his own managerial decisions subject to the directions of the Director. The General Manager participates in setting his ow goals and priorities in order to achieve overall service and profit levels subject to the input of our corporate office. Proposed Management Organization - Miami Stadium Office Manager General Manager Assistant General Manager —43— Product Supervisor 86.jo"II - ,w I General Manager Concept (Continued) In addition to the resident General Manager, several key staff positions are: Assistant General Manager - Supervises the operational department heads. The Assistant General Manager is an operations manager responsible for administering the policies and programs of the General Manager including purchasing, training, merchandising, staffing, and cash control. Product Supervisor - Directs the warehouse, receiving, stocking and sanitation programs, and personnel in those areas. Reports to the Asst. Manager and is responsible for maintaining the physical plant as well as all products purchased by Volume Services. x z' Office Manager - The office manager reports to the Assistant General Manager and is responsible for maintaining accurate accounting records for sales, costs, payroll, accounts payable, accounts receivable, perpetual inventory, event statistics, rent reports, and cash control. The office manager supervises all additional office personnel necessary including the Head Cashier. There are many other regular employees, each of whom has a complete job f description; such as, Waiters, Waitresses, Concession Stand Manager, etc. One unique employee is the Condiment Stand Porter. rti q i r5 86-021 -44- 14 1_ General Manager Concept (Continued) Condiment Stand Porters - Specific stand attendants will be assigned each event to maintain the condiment stands and other public areas in a sanitized and orderly fashion, fully stocked, as well as maintaining all concourse areas free from dangerous spills. This unique service is extremely important to the overall appearance and safety of your facility. All of our employees and staff are trained to provide the quickest, most 1 courteous service to the customers while providing quality products. i Our employees are well aware of the responsibilities associated with selling food and alcoholic beverages as well as strict adherence to proper sanitation practices. With our well defined job descriptions and �x proper training you will find the Volume Service emplovees a true asset to the stadiums. gym; Volume Services is fully aware of the management requirements of the j facilities. The on -site management staff will have the necessary: ° Education ... ° Skills ° Experience ° Training r� � : 1 86-,-1021 -45- It The on -site management team at Miami is supported by the Volume Services Eastern Area. This includes the South Eastern Regional Manager, Rob Forbes, and the Eastern Area Vice President, Craig Trimble. The complete corporate support structure can be depicted as follows: Miami Stadium General Manager South East Regional Manager Rob Forbes Eastern Area Vice President Craig Trimble Volume Services Corporate Office Barry Freilicher, President Additional support can be readily obtained by virtue of the presence of the local Canteen Regional Office in the Miami Area. 86--1021 -46- W Management Staffing 0 This management team will be in contact with the Center on a continuing basis. Mr. Barry Freilicher - President, Volume Services. Mr. Freilicher has been with Interstate United for ten years, progressing from General Manager to Regional Manager to Senior Vice President and recently to President. His management skills encompass many areas of recreational food service such as, coliseum, arena, stadium and racetrack management. Mr. Freilicher was formerly in the airport food service field. He has a B.S. Degree in Hotel and Restaurant Administration from Cornell University, Ithaca, New York. Mr. Craig Trimble - Eastern Area Vice President, Volume Services. Mr. Trimble has been with Canteen/Volume Services for twelve years, progressing from Regional Controller to General Manager to Regional General Manager, and most recently to Eastern Area Vice President. In this position, he will be responsible for all Volume Service accounts in the East. Mr. Trimble has a B.S. Degree in Accounting from Kent State University, in Kent, Ohio. -47- 86-1021 44 r-3 Mr. Robert Forbes - Southeast Regional Manager, Volume Services. Mr. Forbes has been with Volume Services for seven years, employed at the Riverfront Coliseum and Convention Center, both in Cincinnati and also at Royals and Chiefs Stadiums in Kansas City before becoming general manager of Baltimore Memorial Stadium in 1981. He is a graduate of Miami University of Ohio. obtaining a B.S. degree in business administration. Recently Rob was promoted to Southeast Regional Manager, his office in Orlando, Florida. Consultants Mr. William A. Cunningham - President of Coliseum Consultants, Inc. assists Volume Services as a Facility Management Consultant. Mr. Cunningham has over 23 years of experience in managing major public assembly facilities. 16 years as General Manager of the Oakland -Alameda County Coliseum (1964-1980), and previously as the Assistant Director of the Philadelphia Trade and County Civic Center from 1957 through 1964. He was President of the International Association of Auditorium Managers in 1974, and the 1977 winner of the McElravy Award, IAAM's highest honor for professional achievement. He also has been designated a "Certified Facilities Executive" (CFE) by this professional organization. He has served many communities in a consulting capacity. Mr. Cunningham holds a Bachelor of Science Degree in Education and completed three years of graduate work in Governmental Administration at the University of Pennsylvania. He also attended the Professional Auditorium Management Symposium at the University of Illinois. -4 8- 86-1Q2l Mr. Vince J. Pantuso - President of V. J. Pantuso Services, Inc. and consultant to Volume Services, Inc. Mr. Pantuso was with Interstate United Corporation for over ten years, most recently serving as President of Volume Services. Twenty of his 25 years in the food ' service industry have been spent in the sports and recreational facilities area. Be holds a B.S. degree in Business Administration from 1 a St. Joseph's College in Philadelphia and attended graduate school at i Drexel University in Pennsylvania. He is a member of the Board of Directors of the National Association of Concessionaires and is listed in Marquis Who's Who in America. -49- 86-1021 -777-77 Y a t m 1'n E. CAPITAL IMPROVEMENT PLAN Volume Services proposes to expend a sum up to five hundred seventy-five thousand dollars ($575,000) at the Orange Bowl and Miami Baseball Stadiums. This investment will be used for operating equipment and leasehold improvements throughout the concession areas. A preliminary outline of how these funds may be expended is below: Orange Bowl Full Service Concessions - upgrade and equip all locations including a grill/fry menu capability. Illuminated Menu Boards, graphics package to include neon and canopies - All locations $260,000 Beer Stands - Upgrade utilities and equip all beer rooms, add graphics and menu boards. Purchase beer portables $52,000 Vendor Commissaries 6 Support - Improve layout and equip all commissaries, provide distribution equipment, storage facilities, etc. $143,000 Office b Cash Room - Provide equipment, as necessary, safe, alarm system and telephones. $20,000 86-10 �.1 -50- A OW Capital Improvements (Continued) Miami Baseball Stadium i Concession Areas - Upgrade and fully equip all permanent locations, t establish one vendor commissary, Menu Boards, directional graphics and f neon. $100,000 Total - $575,000 In the event Volume Services, Inc. would not be granted the additional five year option period, book value protection is required for the remaining asset balance of these improvements at the end of the contract. 10-year straight line depreciation, from the date of purchase will be employed to determine the net book value. 8E-1021 F. FINANCIAL CONTROLS AND ACCOUNTING S We utilize a full range of electronic data processing equipment, 1 accounting systems, and security methods to insure the integrity and accurate reporting of operational results. i At the operational level, we employ retail accountability and inventory controls, yield analysis, independent customer shopping, and per capita analysis to monitor the cash receipts and product control of each facet } i of our operations. j The basic control of cash is recorded each step of the way from the customer to the bank with several checks and balances built into the system along the way. A perpetual inventory of each item to be distributed to the outlets is kept in the commissary. Upon receiving the orders for an event, the k :u product supervisor deducts each item from the perpetual inventory and A distributes it to the individual outlets. At the concession stand a _ l complete opening inventory is made by the Stand Manager, and the initial - bank counted and entered by the Assistant Manager. 1 FINANCIAL CONTROLS AND ACCOUNTING (Continued) i At the close of the event, another complete inventory of everything --cups, hot dogs, candy, etc. --is taken and entered against the opening inventory. The calculations give exactly the number of items sold. The money is counted and entered against the total inventory consumed. A cash flow sheet pinpoints the accuracy of each cashier. Our books are open to your inspection and audit at any time. As you can see from our accounting controls we will provide you with a detailed audit trail of individual items and locations, not merely a conglomeration of total sales. On a daily basis, the previous day's receipts are deposited in a separate bank account maintained at a local bank. We will furnish you with a daily report following each day's operation, detailing sales by outlet and product category. Our fiscal year is divided into four quarters, each consisting of one five -week and two four -week periods. Following each four or five -week accounting period, you will receive a detailed summary indicating a total sales analysis for the period. Commission payments to the City will be made the 15th day after each period closing. In every facility where Volume Services operates, there are unique accounting and reporting systems to be used based on particular contract specifications for that facility. -53- 8vr`021 FINANCIAL CONTROLS AND ACCOUNTING (Continued) Our resident manager will work closely with you to establish a F reasonable accounting and reporting system to fit in with your ti operation. Where possible the cash register requirement will be met. Our sales and operating records and accounting methods may be audited by your representative at any time. Our own internal audit staff conducts unannounced audits of each of our accounts on a continuing basis. a 86--1021 -54- t.. E i 1 1Z_ i G. EMPLOYEE GROWTH AND DEVELOPMENT ti Volume Services approach to employee development is to provide an organization of foodservice professionals to properly serve our customers and assist all of our clients in meeting their foodservice objectives. We accomplish this through programs for educating management, supervisors and hourly employees in people skills, foodservice skills and management skills. These programs are all based on an enlightened personnel philosophy that recognized individuals and their career growth objectives. Training and Development This Canteen department supports our field organization's efforts in developing management personnel. It supplies results -oriented training services which help bridge the gap 'between advanced foodservice management theory and proven on-the-job practice. The department publishes an annual catalogue of courses and seminars offered. A study of the curriculum will reveal that Canteen Corporation and its subsidiaries responded to the challenges facing foodservice managers in an age of rapid change. Seminars and workshops cover such topics as leadership skills, time management techniques and better personnel selection. -55- 86-1021 00% A Training and Development (Continued) In addition, ve utilize proprietary training programs from outside sources to further enhance the perception, skills and performance of our people. A copy of the Table of Contents is included. Hourly Employee Development It is Volume Services' objective that our employees be efficient, courteous and professional. They must possess the necessary skill level training not only to perform tasks properly but to understand the purpose for all procedures. Volume Services Employee Development Program includes all of the following elements: * Individual Job Descriptions ... A separate and complete job description is written for each job and is reviewed with each employee. It includes information such as: basic qualifications, pay scale and benefits, responsibilities, and criteria for evaluation and advancement. * Show and Tell Training —Volume Services uses the Show and Tell Technique. In new accounts, the manager, opening team members and senior employees will walk all operations personnel through their assignments. This procedure assures the supervisor that each employee completely understands the individual job requirements. -56- SG-1021 e Training and Development Catalog t rrt£EN Tib!e of Contents Nr' We have kept this trainingcatalog flexible. As programs are added or revised, a new table of contents page will be sent to you for inclusion in this catalog. How so Schedule a Seminar I Advanced Management or Supen►isory Ski1L Series. Foundation Series The Principles of Foodservice I Management Field Seminar The Principles of Foodservice 2 Management (for Upper and Middle Management) The Canteen Personnel Development 9 Seminar The Management and Administration 4 of the Canteen Personnel Process Seminar The Labor Relations Management 5 Systems Workshop Specialized Personnel Series 6Dr Managers: R'cruiting for Canteen 7 Canteen Selection Interviewing 8 How to Orient Employees to Canteen 9 and the Industry Boomerang: Canteen Management 10 Training in Equal Employment Opportunity Making Canteen Performance Reviews 11 Productive Basic Management and Superviso" Skills: Productive Leadership for 12 Canteen Managers Planning for Performance 13 Time Management 14 Performance Management: Preparing 15 Foodservice Supervisors and Managers for Handling Critical Supervisory Situations Pattern of the High Performing 17 Foodw. rvice Manager (Coal Setting with Subordinates) Managing Part -Time Foodservice Employees 18 1W -•"=- --"W Creative Profit Improvement 19 Coaching and Motivating Foodsvrvice 20 Personnel Executive Development Series: Management in Depth —Managerial 21 Manpower Planning Foodservice Presentations That Work 22 Conducting a Meeting Workshop 24 (How to Hold Effective Meetings) Foodservice Problem Solving 25 for Key Results Marketing and Sales Development Series: Systema Program (Interpersonal 27 Communications) Canteen Marketing Corporate 2K Overview Program Canteen Foodservice Marketing 29 Seminar Special Workshops; Programs: Stress Reduction :K) Japanese Style Management in 31 American Business During the 1980's and Beyond; A New Approach to Customer Satisfaction, Quality of Service and Productivity Can1e n Quality Service Improvemvnt '12 Team Administrator's Workshop Canteen Quality Service Iinpr►►veniviit 'S'1 Teams Leader Training Workshop Canteen Quality Service Impmveniciit :t•1 Team Member Training Tuition Reimbursemem ( For Full -Time '15 Salaried Peoplel 86-1021 if M5 e � y Pik r 4 1 j j Hourly Employee Development (Continued) jj I 3 Training aids used in this process are Books I and II of Canteen's i Quality Food Service Program which demonstrate graphically Canteen's procedures for: - correct production methods - exciting counter display and merchandising - serving the customer Additional training tools include: - Canteen Recipe Files - Canteen's Evaluation of Food Service Standards - Canteen's Sanitation Checklist a - Canteen's Safety Checklist Canteen's Cold Food and Dessert Picture Guidelines r Cashier Training Manual +� Pre -Service Briefings...Before every serving period our food service managers conduct a pre -service briefing. Menu items and how they have been prepared and how they should be served are reviewed and demonstrated. Panning, garnishing, plating and counter presentation are all covered. Each day different employees are asked to participate in conducting this review. -�r -s7- 8f-1021 Hourly Employment Development (Continued) f This procedure accomplishes two things. It ensures that the foodservice i is properly staffed, and that it is merchandised as planned by the sanager. . Most importantly it provides daily training in good foodservice practices and Volume Services' standards of service. This results in the development of a cadre of skilled and knowledgeable professionals. +� Regular Personnel Review and Evaluation... Each General Manager and his staff will regularly sit down with each employee and review and evaluate individual performance. Training Centers Canteen operates 17 National Training Centers across North America. These Training Centers provide a unique way to offer education and job skill development in an authentic real world environment -- something that's often missing in education. The Centers are actual client facilities where Canteen is the foodservice contractor. They are selected because of their location, and their adaptability to a full range of programs. - 1r, .,-.. —58— 1 /04 _Training Centers (Continued) New managers, key production personnel, and other appropriate Individuals are sent to Training Centers for training and orientation to Canteen systems and programs. Foodservice subjects covered include: +� Preparation * Merchandising * Customer Service * Sanitation and Safety * Recipe Use * Financial Administration * Ordering and Receiving * And a host of others The Training Center program is thorough, and prepares the employee to implement our systems. Each Training Center is evaluated a minimum of once per calendar quarter by a member of the corporate staff. In addition to the National Centers, there are 55 District Training Centers where training in standards and procedures is provided at a more local level. 86--1021 -59- Specifically designed for our Volume Services operations are a number of tsulti-media presentations and other training materials. including: A. Fourteen Bilingual Slide and Audio Tapes Cover food service skills, alcoholic beverage responsibilities and sanitation practices, filmed at actual Volume Services locations. B. Study Guides and Tests - Used to reinforce learning. C. Handbooks and Orientation Guides - for employee reference during their employment. D. Posters - Highlighting job skills throughout the work place to reinforce training. E. Certification - For graduates of the training program. including public recognition of the employees and monetary incentives. The certification program has been so successful that our developer has prepared an adaptation for the National Association of Concessionaires for their professional development series. 86-1021 -60- A. CORPORATE SUPPORT SERVICES AND UNIQUE PROGRAMS Throughout this submittal ve have made reference to the many corporate resources available to Volume Services We also presented a number of unique, proprietary programs that tray be incorporated into the foodservice operations at the Center. For your review a brief description of the following services and unique programs is presented: ° International Foodservice Council ° Facilities Design Division ' Purchasing Department Menu Development ° Canteen's Quality Foodservice Program ° Health Fare ° By the Ounce ° Quality Beverage Program ° Colombian Coffee Program ° Automated Menu Management System 86-1021 -61- International Food Service Council t This important council is made up of senior executives, marketing experts, food service managers and district managers. Members selected for this prestigious group have demonstrated creativity, vision and enterpreneurial style in developing new ideas, concepts and programs in foodservice in the areas of: * merchandising * presentation * preparation * promotions i The Council meets quarterly in different operations across the country. At each of these meetings specific programs and recommendations are presented to enhance service to our customers. 1 a ,i The exchange of ideas and information results in program improvements and exciting new concepts which keep our service fresh and innovative on a continuing basis. i 8f -1021 -62- i s Facilities Design t i Canteen's Facilities Planning staff is made up of professional foodaervice designers, interior designers and engineers with the knowledge, experience and creativity to satisfy all of the design needs of our customers irrespective of the size of the operation. Whether designing an existing facility, or starting from scratch on a new one, each project blends front -of -the -house aesthetics with back -of -the -house efficiency. The Facilities Design functions in support of operations personnel and are called upon to provide services to our clients including: * kitchen and dining room design and layout * equipment configurations * traffic flow and space planning * decor options * foodservice equipment specifications * furniture selection * problem solving +� modular planning 86--1021 -63- no Purchasing I Volume Services purchasing program begins with the department's development of standards. These are quality levels to which all operations must adhere whether purchasing food, small wares, or capital equipment. The purchasing staff selects approved suppliers based on standards of quality, service and price. In order to meet the needs of our network of operations, these approved supplier lists include national, regional and local purveyors which meet Volume Services standards and who will provide performance, responsiveness and quality products to our clients. With standards set and suppliers identified, the purchasing function takes several direction. First, contracts are negotiated for commodities that are most appropriately and effectively purchased on national agreements. Fountain syrups, canned goods, coffee, groceries, confections, foodservice equipment, fleet vehicles, etc. are items we contract for nationally, and the price is guaranteed to all our units. At the regional and local level an effective purchasing program is also in place. Based upon the needs of the market we serve, the General Manager and his staff evaluate local suppliers and entertain competitive bids from those purveyors who meet our standards. The bidding process is administered under corporate guidelines to ensure that sound business decisions are made. -64- 8f -1021 Our Discounts Are Your Discounts ` With a large number of accounts in each of our Regional Areas, Canteen/Volume Services is able to combine the needs of all our customers and make volume purchases that give us great purchasing leverage. The discounts we effect are your discounts because we pass on all trade and product discounts to our clients. We want to emphasize that we do not use our commissaries or warehouses as profit centers; these are support functions. There is no "up -charge" for products supplied to individual clients, so the money saved by combining volume is money we save for you. Our purchasing people are vigilant to ensure that contract terms for all our operations are honored by suppliers. We continually renegotiate contracts to more favorable terms as major new accounts are acquired, or as the market changes to provide more attractive prices. Beyond the basic purchases (foodstuffs, fresh and frozen products, meats, poultry, etc.) there is another area where our programs can result in substantial savings. Canteen is an authorized distributor of all major lines from smallwares and appliances to institutional equipment. 86-1 21 -65- { i i Our Discounts Are Your Discounts (Continued) We are able to purchase for our clients at Canteen's national price. There is no mark-up; our discount becomes your discount. So when you remodel or need to replace equipment, wares, china, etc., Volume Services saves you money. Our purchasing organization is sophisticated, professional and effective. It is also flexible and capable of adjusting to a clients unique needs or a client -preferred supplier. The ultimate benefits accrue to you and to each of the clients we serve. Menu and Recipe Development Developing an exciting, quality -oriented menu is not a simple task. It requires complex technical functions and a thorough knowledge of foodservice production. It also requires a great deal of imagination, skill and creativity. The keystone in this process is the recipe, and we develop recipes in a variety of ways: +� Executive chefs, working in a development kitchen atmosphere, develop new recipe items. 86-1021 -66- 1 Menu and Recipe Development (Continued) * Our own chefs and cooks have provided recipes for many dishes. * Suppliers furnish recipes and information on how to use them. * Operations personnel are charged with the responsibility to seek new items when visiting restaurants and dining establishments. * Employee recipe contests are conducted twice annually. r ' With recipes available from a variety of sources, our challenge is to Y refine them for the clients we serve, adjust them for regional tastes, L and adapt them to volume foodservice production. Using our test fir.: kitchens, Volume Services chefs work with each recipe until the finished item is just right. - Then final tests are performed. Each new item is prepared in a customer environment and tasted by a panel of foodservice experts from Volume Services. If the menu item is well received, it is then taste tested by customers in our Training Centers. a 4 4 !g, -6 %- z Menu and Recipe Development (Continued) Only after passing all these tests are new dished introduced into the menu. This constant menu enhancement brings new food items to our accounts on a continuing basis. From recipe development, to testing and final adoption, our program is a blend of technical know-how, entrepreneurial flair and market savvy. Canteen's Quality Food Service Program Our consistently good tasting and attractively merchandised food is the result of a program of planning and management. The foundation of this program includes manuals and systems which cover Canteen's standards for every conceivable operational procedure. The major elements are Included in the following pages. * Purchasing Standards ... To insure consistent high quality in the food we serve all foods are purchased according to specifications and standards. You will not find higher quality standards anywhere in the foodservice industry. 86-iozi -68- {1, will 1,111 1.. * Pre -Tested Recipes ... Each item in recipe file has been tested by our corporated recipe development people. a taste panel, and in actual field unit to determine the item's popularity and any regional variations required. The recipe i file provides information on ingredient quantities required for various numbers of servings. * Pre -coated Cycle Menus...Our menus are pre-costed on a continuing basis to assure attainment of forecasted goals. Pre -costing tells the manager and client the cost of each menu item before being served, and it works because of adherence to standardized recipes. * Daily Production- Records...Managers keep daily production records on all items served. These records include three important statistics: - Row many of each individual item were prepared. k ' - How many were purchased. - Over Production. B-1021. t!Y Daily Production Records track other factors which may have influenced each day's sales (i.e.. climatic conditions, attendance, schedule, etc..). By constantly comparing servings produced to servings sold. your unit sanager will be able to make sure that we always produce the correct amount. * Portion Control...Each counter attendant is instructed as part of the pre -service briefing as to the: - Proper serving utensils - Correct dish - Correct portion * Inventory Control... The "Ordering/Receiving Inventory Control" book includes forms and procedures for every required Item. * Visual Panning and Plating Guides...All salads, fruit plates, entrees, cold sandwiches and desserts on Volume Services menus are photograph and numbered to coincide with recipe cards. When employees prepare a menu they have a recipe to follow and a guide which shows exactly how that product should appear when presented for sale. 86-'1021 -70- Canteen's Quality Food Service Program (Continued) • Counter Merchandising Guide ... A variety of counter merchandising techniques has been developed for each point of service. e.g. Sandwich. Entree, Salad. Breakfast and Dessert stations. Photographs of these include step-by-step approaches to counter set-up merchandising. Health Fare Health Fare is a nutrition awareness program which uses a variety of methods to communicate information on nutrition and good eating habits to our customers. INO Information is provided on the various food groups. Which essential elements of our diet are provided by each, and how they relate to one another. An extensive series of monthly bulletins covers topics after _ that initial exposure: �r �M * Weight reduction * Sodium Weight maintenance * Thiamin, niacin and Sensational or fad diets * B complex vitamins * Exercise and fitness * Vitamin C * Fat and cholesterol * Protein and iron * Fiber f` w •et K aD� ' Pi aeT`:x — 7 1— A series of "Health Fare Trivia" table tents covers valuable and important information through the use of interesting questions and answers. Countertop placards and handout flyers treat a variety of nutrition topics in language and format that makes them easy to understand. Vest-pocket sized calorie counters are provided so interested customers can monitor their individual caloric intake. Each day our menus suggest health fare selections that receive special emphasis on our menu boards. Our menus and recipes emphasize healthy menu items, ingredients and cooking procedures such as: * Fresh vegetable ingredients * Broiled and baked items * Introduction of more roughage * De -emphasis on salt * Pasta salads -72- * Fewer high -cholesterol items * More seafood, chicken, lamb and veal * Whole grain breads * Low calorie dressings 8b-1021 i A series of "Health Fare Trivia" table tents covers valuable and important information through the use of interesting questions and answers. Countertop placards and handout flyers treat a variety of nutrition topics in language and format that makes them easy to understand. Vest-pocket sized calorie counters are provided so interested customers can monitor their individual caloric intake. Each day our menus suggest health fare selections that receive special emphasis on our menu boards. Our menus and recipes emphasize healthy menu items, ingredients and cooking procedures such as: * Fresh vegetable ingredients * Fewer high -cholesterol X� Items * Broiled and baked items * More seafood, chicken, lamb and veal Introduction of more roughage * Whole grain breads * De -emphasis on salt * Low calorie dressings Pasta salads ie^ ifjyjy ��t °�y' W 7 2— ��{.�(.f- 4, ..hexfttF���W�Y By -The -Dunce I Canteen pioneered Sy -The -Ounce merchandising in the corporate dining s service arket. This program eleninates the take -it -or -leave -it. pre -plated. portion sizes and combinations of foods. Hearty eaters, light eaters and those on restricted diets enjoy it. The program includes: * Entrees * Finger foods * Vegetables * Fruit and cheese bars * Ethnic specialties * Contemporary fun -food * Desserts By -the -Ounce increases participation, check averages, and service efficiency. It also reduces fixed -labor costs and that's attractive to everyone: client, customer and Canteen. t 3` j£ ai y'. xr. 4 ° v 1 r 3 - SL -73- 4 4 i i i Canteen's Colombian Coffee Program i Colombian coffee is recognized as the gold standard of coffees throughout the world. It is the premium coffee served in the finest restaurants and hotels. Canteen has launched a quality coffee program in all our dining rooms and operations featuring 1002 Colombian coffee. The program includes quality control, brewing instruction and training of on -site personnel by experts on coffee brewing techniques. It assures proper preparation of a perfect cup of coffee every time. We have an on -going inspection program in place to make sure that brewing standards are maintained in conformance with the Colombian Coffee Federation standards. Our 1007 Colombian Coffee program is supported by merchandising and .. point -of -sale programs designed to increase our customers' awareness of the premium coffee we serve. 86 •5� Jr �, i„tip $ H y -74- Canteen's Automated Menu Management System (CAMMS) { Canteen has developed a sophisticated computer Menu Management System. The heart of CAMMS is a system that provides: * Pre -costing of recipes and portions * Kitchen production recipes for exact quantity required * Menu pre -costing and adjustment * Customer -count forecasting * Food item bid/purchase cost quotations i * Forecast orders by vendor * Maintenance of back-up files/records for existing Food Service Menu Management System. This system eleminates or greatly reduces waste and over production, ..... ; reduces the need for excess inventory, and presents concise cost/benefit t criteria for purchasing action. Since the program can be updated easily, flexibility in menu planning 5 and custom designing of menus for specific client requirements can be quickly achieved. E _1021 _ a C - / 5- .!K • / ti TO: Cesar H. Odio City Manager City of Miami, Florida -DECLARATION DOCUMENT NO. 1 Submitted this �5th_ day of December , 1986 The undersigned, as PROPOSER, declares that the only persons interested in this PROPOSAL are named herein, that no other person has any interest in this PROPOSAL or in the CONTRACT to which this PROPOSAL pertains, that this PROPOSAL is made without connection or arrangement with any other person and that this PROPOSAL is in every respect fair, and made in good faith, without collusion or fraud. The PROPOSER further declares that he has complied in every respect with all the Instructions to Proposers issued prior to the opening of PROPOSALS, and that he has satisfied himself fully relative to all matters and conditions with respect to the general condition of the CONTRACT to which the PROPOSAL pertains. The PROPOSER agrees, if this PROPOSAL is accepted, to execute an appropriate City of Miami drafted CONTRACT for the purpose of establishing a formal contractual relationship between him, and the City of Miami, Florida, for the performance of all requirements to which the PROPOSAL pertains. 1 Each PROPOSAL shall be accompanied by a Proposal Security which shall be a Certified Check or a Bond, and shall be in the amount of $25,000.00 (Twenty -Five Thousand Dollars). The City of Miami reserves the right to reject any and all security tendered to the CITY because of any irregularities. Certified checks will be returned to all PROPOSERS within ten (10) days after the City of Miami and the accepted proposer has executed the written CONTRACT. The PROPOSER states that the PROPOSAL is based upon the Proposal documents listed by the number as follows: n - 16 - 6f --t021 Declaration/Document No. 1 (continued) I. Declaration of Proposal 2. Proposal Form 3. Proposer Qualification Questionnaire (and attachments) 4. Insurance Stipulations and Statement S. Minority Classification and Participation Form i 6. first Source Hiring Compliance Clause 7. Financial Statement S. Proposal Security 9. Attachements _. Corporation/ artnership • r GNATURE Barry Freilicher PRINT NAME - President K= TITLE - IF CORPORATION s (President, if Corpora-tion Authorized Genl. if Partnership) SC-1021 - 17 - CITY OF MIAMI P R O P O S A L Document No. 2 For the right to operate the authorized Food and Beverage * Concessions' and Novelty Concessions approved in -Wr—itina by the DIRECTOR, in the City of Miami STADIUMS for a five-year period per the foregoing specifications) the undersigned agrees to pay the City of Miami: A guaranteed annual payment of $ 200,000 (Not Less Than $200,000) against 42.1 (%) of all gross receipts (Excluding Tobacco Sales) 10.0 W of all tobacco sales *Please see alternative proposals attached The CITY will accept proposals only on the above format. No other proposals will be considered. SUBMITTED BY: PROPOSER: Volu�Service�f Inc. SIGNED: ADDRESS • 120 S. Riverside Plaza CITY/STATE/ZIP: Chicago, IL 60606 TELEPHONE NUMBER: (312) 930-2300 7za Addendum No. 2/replaces original page 18 page 18 (revised) 86-102 1 0 Section 5/Document No. 3 PROPOSERS QUALIFICATION QUESTIONNAIRE FOR FOOD, SEVERAGEO AND AUTHORIZED NOVELTY CONCESSIONS AT TWO CITY OF MIAMI STADIUMS INSTRUCTIONS: PROPOSER must present evidence that he is fully competent and has the necessary facilities, experience and pecuniary resources to fulfill the conditions of the Concession CONTRACT. To provide the CITY with information on these points, PROPOSER must submit, as part of his PROPOSAL, information stipulated in this questionnaire. EXPERIENCE: The PROPOSER submitting this proposal warrants that the individual, firm, partnership, or corporation or its parent company making application, has been in continuous existence for a period of two _ years and has been active and in good standing with the Secretary of State, Corporations Division, for this period. WITNESSES: PROPOSER: (If Sole Proprietor or Partnership) Name: N/A By: SEAL (TITLE) (Sole Proprietor/Genl. Partner) PROPOSER: (If Corporation) Name By: Atte (CORPORATE SEAL) 19 SG-1021 QUESTIONNAIRE (Continued) PROPOSER's Name: . + Principal Office Address: Official Representative: Individual Partnership (Circle One) Corporation If a Corporation, answer this: When Incorporated: In What State: Resident Agent Address of Resident Agent: If Foreign: Uate�gistration with Florida Secretary of State Name of Resident Agent: Address of Resident Agent: President's Name: Vice -President's Name: Treasurer's Name: Members of Board of Directors: 10 Volume Services, Inc. 120 S. Riverside Plaza Chicago, IL 60606 David R. Scoco 6/14/73 Delaware The Corporation Trust Co. 1209 Orange Street Wilmington, DE 19801 10/3/84 %C Corporation 8751 W. Broward Blvd. Plantation, Florida 33324 Barry Freilicher Christopher Bigelow, Craig Trimble Karl Cp,41 arm N. Dinelit K. Sedlary R. Skadow Section 5/Document #3 SG-1021 -20- QUESTIONNAIRE (Continued) If a Partnership, answer this: Date of organization: General or Limited Partnership: Name and Address of Each Partner: NAME N/ 1. Number of years of proposal has had in twenty-five N/A 0 ADDRESS experience the PROPOSER making the the operation of similar business: 2. Give the names and locations of places at which PROPOSER has operated similar business, together with the dates of operation: Type of Operation Name (a) Please see attached section Location Dates (b) B - Client list. Volume Services (c) will provide copies of selected (d) contracts upon notification of (e) selection as the highest and best proposer 'PROPOSER shall submit copies of each contract listed above. - 21 - Section 5/Document No. 3 8f -1021 i QUESTIONNAIRE (Continued) 3. List below the names and addresses of PROPOSER's landlords for the operation listed in Item 2: Operation Landlord Address, (a) _ Please see section B ' (b) _ (c) (d) (e) a. List those City of Miami or Dade County agencies or private facilities with which the PROPOSER had and contracts or agreements during the past three (3) years: ( a ) None (b) (c) 5. State approximately the largest gross receipts PROPOSER has realized from the operation of the above mentinned facilities at any one place in one (1) year. $ 14.onn.nnn Year: IQgf, Location v.,j, s i= 6. Have any similar leases or agreements held by PROPOSER for the operation of concession similar to the proposed concession ever been cancelled? YES ( ) NO (g ) If yes, give details on a separate sheet. 7. Bank References: B_ AD_ Barnett Bank - Timothy McGuire P. 0. Box 2340 Jacksonville, F1 32203 Continental Illinois - Robert Curley 231 S. LaSalle Chicago, IL 60697 -22- Section 5/Document #3 86-1021 QUESTIONNAIRE (Continued) S. Attach a Balance Sheet and Statement of Profit and Loss of '. the PROPOSER for the preceding calendar year, certified by either an appropriate Corporate Officer or an independent Certified Public Accountant. 9. References: Give three references as to experience and ability: 1. 14r. J. Zalupski 'Tampa Stadium 2. Mr. J. Holmes Arkansas State Fair 3. Ms. Marlene Anderson St. Paul Civic Center PROPOSER shall attach letter from each reference listed above. 10. Have you carefully inspected the STADIUMS? Yes ( X) No ( ) 11. Persons or persons interested in this Proposal and Qualification Form (have) x (have not.) been convicted by a Federal, State, County, or Municipal Court of any violation of law, other than traffic violations. To owning include stockholders g over ten percent (1095) interest. (Strike out inappropiate words) h R1 Explain any convictions: n - None 12• lawsuits (any) pending or completed involving the corporation, partnership or other person submitting a proposal: A. List all pending lawsuits: A5 None H:. k S. List all judgments from lawsuits in the last years: five (5) NnnP Section 5/Document #3 QUESTIONNAIRE (continued) C. Have the judgments listed in "B" been fully paid and satisfied? N/A D. Are the judgments listed in "B" and "C" currently being appealed? N/A The PROPOSER understands that information contained in this Qualification Form is to be relied upon by the CITY in awarding the CONTRACT and such information is warranted by the PROPOSER to be true. The undersigned PROPOSER agrees to furnish such additional information, prior to acceptance of any proposal, relating to the qualifications of the PROPOSER, as may he required by the City of Miami. WITNESSES: WITNESSES: ATTE T: .r .iN vr�• - 24 - If Individual: Signature Print Name If Partnership: Print Name of Firm Address By: General Partner Print Name If Corporation: Volume Services, Inc. Print 120 S. Riverside Plaza, Chicago, IL ��idres By: Pr dent (CORPO TE SEAL) 6060 86-1021 SECTION 5 - DOCUMENT NO. A INSURANCE STIPULATIONS AND STATEMENT A. GENERAL: 1. CONCEMONAIRE will not be permitted to begin operations unless they have obtained insurance coverage as specified below. PROPOSER should review these requirements carefully, as no modification of the requirements will be made after conclusion of the proposal process. 2. All required liability insurance policies shall be written on an occurence basis unless otherwise specified. 3. Additional Insured CONCESSIONAIRE is required to name the City of Miami as as Additional Insured on their policy or policies, and it shall be stated that "these coverages are primary to all other coverages the CITY possesses for this CONTRACT only." 4. Company Ratings All insurance policies required must be written by a company or companies rated at least "A" as to management and at least "Class V" as to financial strength in the latest edition of the Best's Insurance Guide, published by Alfred M. Best Co., Inc., Ambest Rd., O1dNick, N.J., 08858 5. Certificate The CONCESSIONAIRE will furnish a Certicate of Insurance, or other evidence of coverage to the CITY clearly indicating conformance with these requirements. Certificates should be forwarded to: City of Miami Finance Department/RISK MANAGEMENT DIVISION 65 S.W. 1st Street Miami, Florida 33130 6. Evidence of coverage shall be submitted to the CITY within five (5) days receipt of notice from the CITY. Any questions pertaining to insurance requirements should be directed to the Risk Management Division at the above address, or telephone 579-6058. 8. COVERAGE REQUIRED The following coverage shall be provided: 1. Liability: The CONCESSIONAIRE shall obtain and maintain in force for the length of the agreement Comprehensive General Liability Insurance Coverage, or its equivalent, with at least a combined single limit of $1,000,000 per occurrence for bodily injury and property damage liability. - 25 86 1021 e - XTION 5/DOCUMENT #4: INSURANCE (continued) y« In addition to Premises/Operations Coverage,the following extensions of liability coverage shall be included in the required policies: INSURANCE TYPE LIABILITY LIMITS Products and Completed Operations 10000,000 Contractual Liability 1/0009000 Independent Contractors 1,000,000 Broad Form Property Damage 1,000,000 Personal Injury 190008000 Elevator 1,000,000 Liquor Liability shall be provided. Contractual Indemnification: CONCESSIONAIRE shall covenant and agree that it shall indemnify, hold harmless, and defend the CITY from and against any and all claims, suits, action, damages or causes of action arising during the term of the agreement for any personal injury, loss of life, or damage to property sustained in or about the concession areas, by reasons of or as a result of the CONCESSIONAIRE's operations and from and against any orders, judgments or decrees which many be entered thereon, and from and against all cost, attorney's fees, expenses and liabilities incurred in an about the defense of any such claim and the investigation thereof. Automotive Liability CONCESSIONAIRE shall obtain and maintain in fore for the length of the CONTRACT liability insurance coverage, covering all owned, non -owned, and hired vehicles used in connection with WORK arising out of the CONTRACT. Coverage shall be written with at least a combined single limit of $300,000 per occurrence for Bodily Injury and Property Damage. Workers' Compensation CONCESSIONAIRE shall obtain and maintain in force, during the life of the agreement, Workers Compensation insurance as required by Chapter 440, Florida Statutes. Cancellation The policy or policies of insurance required shall be written in a manner such that the policy or policies may not be cancelled or materially changed without 30 days advance written notice to the City of Miami. Written notice shall be sent to the Risk Management Division/Department of Finance at the above address. 86-1021 - 26 - SECTION 5/DOCUMENT #4: INSURANCE (continued) Note: When using the "Accord" form of Insurance Certificate, the following must be deleted from the "Cancellation" clause: "endeavor to" and "but failure to mail such notice shall Impose no obligation or liability of any kind upon the company, its agents or representatives." PROPOSER AND INSURANCE AGENT STATEMENT: We, the undersigned, have read and understand the Insurance Requirements of these specifications and acknowledge that evidence of insurability will be required within five (5) days of receipt of notice from the CITY. Volume Services, Inc. *Please see attached sheet PROPOSER INSURANCE AGENCY SIGNATURE OF PROPOSER SIGNATURE OF FLORIDA RESIDENT AGENT SIGNATURE OF PROPOSER'S AGENT Agent's Error and Omissions Policy: NAME AND LOCATION OF AGENCY Company Policy Number Amount of Coverage Expiration Oate 86--1021 - 27 - 0 C� INSURANCE STIPULATIONS & STATEMENT (See Attached) 0 WE, THE t=ERSIGNFD, HAVE READ AMID UNDE MAND THE INSURANCE RDQUIREIUMS OF THESE SPDCIFICATIONS AND ACKNOWLEDGE THAT EVIDENCE OF INSURABILITY WILL BE REQUIRED WITHIN FIVE (5) DAYS OF RECEIPT OF NOTICE FROM THE CITY. Volume Services, Inc. PROPOS. SI PROPOSER At Joseph A. Grillo I -u'URE OF FWRIDA RESIDENT AGEN i Fred S. James & Co. of Florida, Inc. Ft. Lauderdale, Florida 33394 M%M AID LOCATION OF AGENCY Fred S. James & Co. of Illinois Chicago, IL 60606 INSURANCE AGENCY Richard J. Lietz -MGNATL741OF PROSER'S AGENT AGENT'S ERROR AND OMISSIONS POLICY: Yarmouth Insurance, LTD. COMPANY Renewal of P1006 POLICY NUMBER $5,000,000 AMOUNT OF COVERAGE January 1, 1988 EXPIRATION DATE 86-1021 1 i. ! SECTION 5 - Document No. 5 MINORITY CLASSIFICATION AND PARTICIPATION INFORMATION AND ACKNOWLEDGEMENT I. Indicate CLASSIFICATION of Business Enterprise (PROPOSER): [ ] BLACK [ ] HISPANIC j ] WOMAN [ ] OTHER 2. Detail MINORITY/FEMALE PARTICIPATION within your firm or as It may apply to this proposal, if awarded: Please see Exhibit 2 A. JOINT VENTURE:Provide information regarding Minority/Female firm(s) participating as such and the extent of participation ..% of Dollar Firm Name Business Address Proposal Amount S. SUBCONTRACTORS: Provide information regarding Minority/Female firms that will be subcontractors for this proposal, and their extent of the work % of Dollar ` Firm Name Business Address Proposal Amount d ' C. SUPPLIERS:Provide detail regarding Minority/Female Firms that will Supply you with goods or services and the extent % of Dollar Firm Name Business Address Proposal Amount r' y D. AFFIRMATIVE ACTION PROGRAM If existing, Date Implementegetail of program must be attached If planned, Date of Proposed Implementation; 711 The undersigned PROPOSER acknowledges that it has received a copy a r of Ordinance No. 10062, the Minority and Women Procurement =k Ordinance of the City of Miami, and agrees to comply with all applicable substantive and procedural provisions therein including any amendments thereto. ' PROPOSER: SIGNATURE: - 28 - 86 -1021 t � 3v r - 1 Section 5 - Document No. 6 FIRST SOURCE HIRING AGREEMENT COMPLIANCE CLAUSE PROPOSER acknowledges that it has been furnished a copy of City of Miami Ordinance No. 10032, the First Source Hiring Ordinance attached herein as composite Exhibit C. The First Source Hiring Agreement policy requires that as a condition precedent to entering into this CONTRACT when such project is of a nature that creates new jobs, a First Source Hiring Agreement be negotiated between the CONCESSIONAIRE and the CITY's authorized representative, if so applicable. CONCESSIONAIRE shall comply with applicable provisions of Ordinance No. 10032, including any amendments thereto. -.r-= 4.e 1% - . Signature Volume Services, Inc. PROPOSER -29- 6E-1021 1 y 4. C) ee ALTERNATIVE PROPOSAL e* IF As an alternative proposal for your consideration, Volume Services, Inc. presents the following: Volume Services, Inc. will offer a first year Minimum Annual Guarantee of five hundred thousand dollars ($500,000). Guaranteed Annual Payments in year 2 and successive years will be at eighty- five per cent (85%) of the previous year's earned commission rent or two hundred thousand dollars ($200,000), whichever is greater. This proposal is subject to a mutually agreed upon option for the additional five-year period and an annual schedule of events to include as a minimum: 5 - University of Miami Varsity Football Games 1 - Orange Bowl Classic 1 - Major League Exhibition Schedule Under this alternative, the investment will remain an amount up to at five hundred seventy-five thousand dollars ($575,000) with book value protection, in the event the second five years are not granted. Percentage rental rates will be 42.1% of all gross receipts excluding tobacco. A 10.0% rate will be applied to tobacco product. 8E-1021 CERTIFICATE OF ASSISTANT SECRETARY OF VOLUME SERVICES, INC. The undersigned, Kim S. Mitchell, hereby certifies that she is the duly elected and acting Assistant Secretary of Volume Services, Inc., a Delaware corporation, and the keeper of its corporate records and minutes. In that capacity, I hereby certify that below is a true copy of a Resolution passed by unanimous consent of the Board of Directors of the company on December 4, 1986: RESOLVED, that Barry Freilicher, President of the corporation, Craig Trimble, Vice President of the corporation, and/or Christopher Bigelow, Vice ,. President of the corporation, be and hereby are authorized and empowered to bind the corporation in all matters involving, related to, or incidental to the submission of a proposal for the food/beverage concession services at the Orange Bowl Stadium and the Miami Baseball Stadium in Miami, Florida, and if such proposal is accepted by the City of Miami, Florida, to bind the corporation's full performance under the terms of the food/beverage concession management contract attached to said proposal. Date: December 4, 1986 �kz�� Kim S. Mitchell 86-1021 L ' v OR 0 State of Illinois ) ) SS County of Cook ) Barry Freilicher , being first duly sworn, deposes and says that he is the President of Volume Services, Inc., making the forgoing proposal; that Volume Services, Inc. has experience in operating similar food and drink concessions in a major place of assembly; such as a large sports arena, which has multi -purpose uses Including Exhibition Halls, with a capacity of at least ten thousand (10.000) persons and various sized meeting rooms; that Volume Services, Inc., has conducted a first-class restaurant, bar, and/or cafeteria involving the purchase, preparation and serving of food and drink to the public on a mass basis; that Volume Services, Inc., has experience in serving food to at least three thousand (3,000) persons in one day or an average of two thousand (2,000) meals per day for five consecutive days; and that Volume Services, Inc. has the ability to begin operations upon execution of the contract. Affiant Sworn to and subscribed before me this 4th day of December ,1986 My Commission Expires C 86 -1021 CORRECTED NOTICE OF PUBLIC PROPOSAL S CITY OF MIAMI REQUEST FOR PROPOSALS Be advised the City of Miami ad no. 4604 published November 179 1986 has been corrected and now reads as follows: Sealed proposals for OPERATION OF CONCESSIONS AT THE CITY OF MIAMI'S ORANGE BOWL STADIUM i MIAMI BASEBALL STADIUM FOR A FIVE YEAR PERIOD COMMENCING JANUARY 1, 1967 will be received by the Office of the City Clerk at 3500 Pen American Drive, Dinner Key, Miami Florida 33133 until 2:00 p.m. on December 5 1986. At that ties, date, and place all proposals will be pub is y opened and read aloud. Proposal packets may be obtained from the office of the City Clark (3500 Pan American Drive, Miami) or from the Department of Parks Recreation and Public Facilities (1390 N.w. 7th Street, Mieais. A Pre -Pro osel Conference will be held at 10:00 a.m. on Nove-Ser S e n the 3ch Floor Press Box, Orange Bowl Stadiu7, .50 .w. 3ro Strest, Miami, Florida 33125. All proposers requesting pertinent information relating to the operation of the concessions may submit their question: in writing to the Director of Parks, Recreations and Public Facilities located at 1390 N.N. 7th Street, Miami, rlcrida 33125, not less then ten (10) days before 2:00 p.m. on Dece-ioer S, 1986. All proposals shall be submitted in accordance witn the Instructions to Proposers and the Request for Pro, -.,sal specifications. All proposals snall include a Proposal Security whivi -.iv .% a Cashier's Check or Proposal Bond, and shall be in the ancj-! : $25,000.00, payable to the City of Miami. A Performance Bond in the amount of $100,000.00 shall be reau:re. of the successful proposer prior to the signing of the concession contract and shall be in faithful observance of this contrast. Prospective proposers are alerted to tha provisions of Ordfnanze No. 10062 which established a goal of awarding 51% of the City s total dollar volume of goods and services to Black, Hispanic ;nc Women Business Enterprises on an equal basis. The City of Miami reserves the right to accept any prc,cs31s deemed to be in the best interest of the City, or to waivE :^, Informality in any proposal; and the City may reject any anc ::: proposals and re -advertise. (ad no. 4605k CITY OF MIAMI ADDENDUM NO. 1 Nove►poer 20, 98E Cesar H. Odio City Manager Received by: , 8G-1021 0 CITY OF MIAMI — REQUEST FOR PROPOSALS i CONCESSIONS AT ORANGE BOWL AND BASEBALL STADIUMS NOTICE OF ADDENDUM NO. 2 LISTING OF REVISED AND ADDITIONAL PAGES REVISED (NEW) PAGE REPLACES (OLD) PAGE 4 a 4 4 b 4 10 (revised) 10 18 (revised) 18 37 (revised) 37 39 a 39 39 b 39 41 a 41 41 b 41 46 (revised) 46 49 (revised) 49 50 (revised) 50 69 (revised) 69 71 (revised) 71 92 (revised) 92 149 (revised) 149 RECEIVED BY PROPOSER NEW AND ADDITIONAL PAGES ¢µ 94 b n/a 148 missing i M 150 through 197 n/a 4 IN ORDER TO ALERT PROPOSER TO CHANGES IN THE TEXT OF THE REQUEST FOR PROPOSAL, words and/or phrases have been underscored to designate added or revised material: Deleted words and/or phrases have been replaced by asterisks ice). All other material T remains unchanged. N: PROPOSER ACKNOWLEDGES THAT HE HAS RECEIVED THE COMPLETE ADDENDUM NO. 2 AND HAS FOLLOWED THE DI CTIONS CONTAINED THEREIN. SIGNATURE: ` PROPOSER NAME: �/_ % ,i ,�,�••� Sc, f �/ CqJ Tr a 1 t" T J k DATE: Notice of Addendum 02 86 —1Q21, page 2 Pi CITY OF MIAMI - REQUEST FOR PROPOSALS CONCESSIONS AT ORANGE BOWL AND BASEBALL STADIUMS NOTICE OF ADDENDUM NO. 2 LISTING OF REVISED AND ADDITIONAL PAGES RECEIVED BY REVISED (NEW) PAGE REPLACES (OLD) PAGE PROPOSER 4 a 4 4 b 4 10 (revised) 10 18 (revised) 18 37 (revised) 37 39 a 39 39 b 39 - ` 41 a 41 _ 41 b 41 46 (revised) 46 49 (revised) 49 50 (revised) 50 ice/ 69 (revised) 69 71 (revised) 71 92 (revised) 92 149 (revised) 149 / NEW AND ADDITIONAL PAGES 94 b n/a 148 missing i 150 through 197 n/a tl IN ORDER TO ALERT PROPOSER TO CHANGES IN THE TEXT OF THE REQUEST FOR PROPOSAL, words and/or phrases have been underscored to ?_ designate added or revised material. Deleted words and/or phrases have been replaced by asterisks All other material remains unchanged. PROPOSER ACKNOWLEDGES THAT HE HAS RECEIVED THE COMPLETE ADDENDUM r NO. 2 AND HAS FOLLOWED THE DI CTIONS CONTAINED THEREIN. -�� SIGNATURE: Nr - i PROPOSER NAME: / ``a 1 DATE: / 2! Notice of Addendum #2 86 -1021 page 2 rr�w 171 PROPERTY OF VOLUME SERVICES, INC. "This proposal remains the property of Volume Services until such time as it is accepted and our services implemented. Any reproduction or distribution of this proposal other than to the principals of the City of Miami is expressly prohibited without prior written permission of Volume Services, Inc." 86-1021 0 ALCOHOL AWARENESS PROGRAM f E1 Volume Services pioneered the use of alcohol awareness training programs to positively affect the facilities they serve. While the media has covered the growing liability concerns very well, the primary concern for the program is to promote the controlled responsible consumption of alcoholic beverages that are a primary and necessary source of revenue to public assembly facilities. The Volume Services Alcohol Awareness Program has proved to: Provide an understanding of alcohol's physical properties and how It affects individuals. Identify potential trouble spots, events and troublesome customers. Instruct employees on correctly handling customers purchasing alcohol. Define the legal responsibilities of the employees and Volume Services. Reduce the possibility of alcohol related problems. Decrease the potential for litigation. 86-1021 Improve the dependability of licensee, should litigation be necessary. Reduce the overall cost of liability insurance. Enhance customer satisfaction at your facility by providing a safe and pleasant environment. Due to the continuing vigilance of education and supervision, we have been able to provide our patrons with the full services they expect and our client's locations with increased revenues. 86--1021 0 0 E2 i Equal Employment Opportunity and Affirmative Action Regardless of sex, religion, ethnic background or age ... Volume Services/Canteen has given people an opportunity to succeed and excel for sore than three quarters of a century. Our concern for human dignity and welfare includes working with minorities, the handicapped and under priviledged youth to make a contribution to the communities we serve. We are in full compliance with every law and regulation in the EEO and Affirmative Action policy area. Annually. Canteen's president issues an EEO policy statement for all operations. A copy of the current policy statement is included here for your information. We shall make every good faith effort to comply with the EEO/AA requirements of the City of Miami. 86-1021 u►�scN �rt�oR�►noN All Employe" ?MR MERCiuw01lt MA,R0011.A60. MUNCIS O04s./M10 1f1•�soo PW=mxy 3, 1986 . ka Cm=tem C=; z-at = As a Part of its eanaitrent to equal eaploymmt prc ibits ants of t on the part of its GMlcy�ees on the be g i,S of race, sex # C 1= / rcjjgi= I age,, naticr.3l origin, or ccrA :ti= Of handicap. pw!- Maly, the Equal mmicymmt cj. o 'azity C,a�ssi= P�1-shd ;Tde1i-bes relating Spe ci#; 1 � Y to sexual i�ww;; ^.t which we else in keep-Unq With O= la n stw dun catmitum,t against any fora Of the wQk ernri.-ttmst. 'fie EEM ;-iieval nam pie thAt sexual acvat•.ces , rec. s:sts `: r �• =095I of a swc:a" seaal favors a� ot.er vr�al or piiys-ral acrsti:.•tt '- ham%m.r-t when: sutaa,ssion to such c==5=t Is awe ei.:.*� Lx;j c:."_y or impj .�tly a tern or a relit = of an indiv,:ival" s ee"plcyse.^t; r=ssir*+ t0 or rejectj= of suh cccrduct by an individual - is used as the basis for eMloymw.t 4 .s af_ec+..rc, such individual; or rich cwj&2ct'bas the FaXm or e,f.ect of ant- -I interfesiug with an i nc'ividual' s work p :%=W= Cr eea'tinq an intisn faat�ug, hostile, or offers.:vre wozk:.nc In k+Wiq with. the spi.^.'.t of these guidon --:es, we reais�3: cur '' =Lot evicy cuvmm aplayse Mcst be treated with dignity and respec- re` -a d' e:ss of sec, race, c=o1 reLigim, agyer,. r raatio'nal orgies, oc ccrdittw.cln{.of�hhArdi p. Wt ask he hp._i of LLi of y to all p s � V1�ii ObU gaiims by acII w• a�x•.r'.-here wit' cur state ca�nnitt and by brngi.�g ary v;.clatcr.s of this pcl:.cy to oar at-.at;.crn0 11 r %i oy W4"w-rt i vl: IMM91mr s-sozl nx Lx vi as �s ,�xs GAMIMV COWfLAMION TMt M9RG$1AM0WI MAP% ON agog ILAjNON MN I *It Nl•7�47 r lrbrsvazy 30, 1966GA#rMy `N IMtRT A.KQZLOVOKI ArMwIMf a� CsM ZMMWMIKV OWAW 'm All IIwhoyees: Mde the of Title V= of the Civil Rights Act of 1964, as awl, the Age Cd sczIndmation in lmployment Act of 1967s, as amended, Dmeutive Orders U141 and 11246, as amcsded, Section 503 of the ARhabiI i,tation Act of 1973, aad Section 402 of the Vietnam Era veterans Aeadjvstment Act of 1974, it is my legal duty to periodically remind You Of Caateea Corporation's position oonaernityg equal employment q F L.-T =ty and afiiazontive action. In addition to it being my legal dirty, I sirerely believe that it is my moral responsibility to advise you that Canteen Corporation's policy is as follows: It is the policy of Canteen Corporation that it shall be an equal opportunity employer. The capany shall act aff4=aLtively to assure that it will: 1. ?A=nit, hire and pzzmete for all job classifications without regard to rage, creed, color, national origin, sex, age or c3ld4tlan of handicap. cr 2. Base decisions on employment solely upon ir:civicjual' s qzlilications for the position being fLUed. 3. Insure that all other personnel actions surh as a�mpersation, benefits, transfers, layoffs, from layoff , social and re=eaticnal prcgx will be ministered without regard to race, creed, color, national origin, sex, age or condition of handicap. ,ryr 4. Take app=prlate steps to correct any urders : , : anon `a of women, minorities , Viet-imm era vete_rars and h T4.�.: e3zeed itYivsals In tale o=CPany' S w�rk.Qrce • Merl A.i Mn O'C,��� has been appointed as Dires r of Leval IIaFlopaient rg=r=v direct., y to Lawrence P. wilim ,vice President, Di actor of M=n Aes=rces. All operations win r esL' once reports (applicant flow, hire, psacot.:on, as�d te..-ai.nat:cn : lo?s) Twice yearly on JLme 30th and December 31st to the Dirac,.: r of ZED, 1430 Mermhandise Mart, Chicago, ILUwis 60654, in order that their campl iance with our policy can be monitored. I sec: that each one of you will do yUyr utmost to cMFly wits you- operation' s Air_ :tea civ�e Ac-._on Plan and iAsure t'= our corporate ,ride polio,► c=caes:Usyg ecva►l employment and af!- =ative A== Is gi"ran t'. very highest pro.; os t f. 0 Minority Business Enterprise 11 Volume Services, Inc. will expend every effort to meet the goals of the City of Miami with regard to Minority and Female Business participation in this contract. In addition to the general corporate policy statements attached, we have formalized some specific plans for achieving these goals at the concession operations of the Orange Bowl and Miami Baseball Stadiums. I. Subcontractors - Volume Services plans to utilize charitable, non-profit and individual groups for the operation of concession stands at the Orange Bowl. We anticipate that the MBE goals with regard to this conveyance of operations will be achieved. II. Suppliers - Volume Services, Inc. purchases frankfurter products nationally from David Berg Products, a certified WBE. Similar provisions for purchase of concession products, supplies, service contracts and equipment will be developed with MBE/WBE firms in Miami. III. Contractors - Minority and Female firms will be selected to provide materials and services to accomplish the capital improvement program set forth. This briefly outlines our approach to meeting the winority and female business participation goals of the City. Upon award of the contract, Volume Services will prepare a formalized plan for the facilities. 86-1021 0 0 E] UNIFORMS On the following pages you will find suggested uniform styles for concessions, lounge and service staff. They are Intended to be representative of the general style, cut and ensemble that will be use at the center. Selection of the appropriate color ache■es. Identification tags and other details will be developed in concert with the overall plan for the Orange Bowl improvements, if desired. 86—ID21 I im VOLUME SERVICES U /NTERSTi37-E UNITED 96-M1 i i A Tr >T1rG'�i� is?+.t7 01 Vendor/Concession Worker Unisex Vendor/Concession Shim Female Jockey Style Cap Employee's Own PantsrSacks C) Vendor/Concession Worker Unisex Vendor/Concession Shirt Matte Mesh Baseball Cap 3 Pocket Change Apron—B,ovn Employee's O%an Pants/Stacks Our Uniform Program The Volume Services Division is proud to present our new uniform program which has b.-en developed with f comfort, style, easy care and versatility o as the uppermost goals of the program. The fabric —an easy -care blend of 65 % Kodel Polyester and 35 % Combed Cotton —is very comfortable to wear and easy to maintain, while giving a look of quality and professionalism to your image. It has the hand of natural fibers with the wearability and launderability of polyester. Under normal conditions, this versatile fabric actually requires little or no ironing. pl Restaurant/Catering Lounge Cai.avtay Apron —Black & White Pinstripe {t I Formal Bowtie—Red or Black -# Employee's Own White Sheri/Blouse A Employee's Own Buck Pants5hnt The designs of the selected styles have a proven track record in that they are both durable and functional, and at the same time will upgrade the overall appearance of our entire food service team. The complete Volume Services uniform program order form appears on the back of this brochure. For information, call or write Customer Service at: UNIFORMS TO YOU & CO. 4340 West 47th Street Chicago, Illinois 60632 1312) 927-5601 86`1021. 61 VOLUME SERVICES ORDER it, REM SIZES b OUANTITIES TOT AL OTv PRICE EACH TOT AL Pprc S M L XL XXL VENDORKONCESSION 134 35; f38 401 (42-441 145 48) 150 521 WORKER SHIRI XS S M L XL SERVICE PERSON Frm%Me 10.12 14.16 18.20 40.42 C<Xt S►MRT I MAK 32 34.36 3840 42-44 4648 TAN FEMALE One Size•Fris-Atl 10CKEV STYLE CAP MALE MESH One -Size -Fits -All BASEEALi CAP 3•POCKE 1 One Sze-Fits•Au CHANGE APRON —BROWN RESTAURANT, Or*'Szeflrs-& CATER VGt0LN'GE CALLAWAY APR0% 1 FQRMAL BOA,TIE One•SITrFrts•Au RED FORMA, BOA TIE One Sze F.rs A,. &ACK NUMBERED One S irTirs•Ar MVSIGN AS I25:traW'. ! NOTE: Vendor/Concession Worker Shirts will come complete with Age/I-D Insignias applied on a1! Initla; orders Employee Number Insignias will also be affixed to the number of Shirts ordered For those initial orders totalling less than 250 the balance of the Employee Numbered Insignias wrr be sent to you detached with your order Please return the exact number of these patches to Uniforms To You & Co when reordering ORDERING INSTRUCTIONS A standard Votame Service purchase order or letter must ac- Co-" P-y a• O'JP'S Cornp;ete in! Order form Inw: a cc- plete� Volume Services purchase order or letter. and ma;' to UNIFORMS TO YOU & CO Customer Service Department 4340 West 47th Street ChICdgc III,no,s 60A2 NO P O BOx NUMBERS PLEASE Ordered By, Ship To Address DELIVERI NEEDEDB)i 864 TOtfi A1. kAerCh prid 5,� Applicable Sales Tay i TOTAL AMOUNT TH!S ORDER (ALL ORDERS SHIP F O B CH-CArOi P.O.0 Date Telephone State ZIp Code 816-i9:'1 SSE7 VDI i PPI C-kICER TW CE1RTOWA7E 19 86= AS A MATTER OF Bwrw. aON ONLY AND CONFERS MO IrGWTS UPOHI THE CERTIFICATE MOLDER THM CERTIFICATE DOES NOT AMEND, !' BxTM OR ALTER THE COVERAGE AFFORDED BY THE POLICES BELOW. FRED S. JAMES & CO. OF ILLINOIS 230 WEST MONROE STREET COMPANIES AFFORDING COVERAGE CWCAGO. IL 60606 COMPANY A TRANSPORTATION INSURANCE CO. (CNA) LOmPANY E CONTINENTAL CASUALTY CO. (CNA) ETTER CANTEEN CORPORATION, COMPANY C VARIOUS CARRIERS TI5 DIVISIONS & SUBSIDIARIES MERCHANDISE MART PLAZA �"R O CHICAGO, II. 60654 � 'E LETTER TM E TO CERT1F1' THAT POLICES OF ROMANCE LISTED BELOW 14AVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR T14E POLICY PERIOD INDICATED. NOTWTTHSTANDINC ANY AFOUIRIEMENT. TERM OR COWXTHON OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THUS CERTIFICATE MAY K ISSUED OR MAY PERTAIN. THE VWJPANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN 15 SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDI• TIOfiS OF SUCH POLICIES TYPE Or INSURANCE POLICY NUMBER POLO FRF".f POLO E►�, �c',ti, LIABILITr LIMBS IN THOUSANDS 'A DATE IMY %"; DA'E NM,ADDYY, AG3RE:aA'E GENERAL LIABILITY EIODiIY $ $ - A X. D%m-*w,-NE � CCP001704517 W1 12-31-89 ""'UR` X' PREArSES E4R'1J►,5 P .T"V $ Log Y.45R)U%: A E11' 059% 8 CkLWSE W ACC OAMAGE X; PRDDUCTSWW'XM OPEgA O.S B X cOATFAcTuk (Blanket) BooLe ED $ 1,000 $ 1,000 CX Mt KIAW WNTWTORS X; Baaw FM PgoPERTr Dalai XI PER&)ht IAJu- PERSONAL INJURY $ 1,000 X Lisuor Liability FL AUTOMOBILE LIABILITY 90(, $ A an, A:^:. BUA001704516 12-31 12.31-89 IMF- �n A., oaN_: ar^3c MR'. PASS (Except Texas) DOD. C IPFi' A 7H�'!: a.fTa< CGP001701517 vRoPEF-, DAMAGE CiARarf ;IAEI _ ^� (Texas) : y P^ COMBINED $ 100()0 -vr- EXCESS LIABILITY C �' �, „ VARIOUS 12.31 12-31.89 e6, a PO $ 10,000 $10,000 OTHEA 1rAh !�' X`:I FOFW A r>OIII(ERS' OOI�ENSAT1pN WODD1704519 STATUTORY 12.31.86 Ml-89 AND 5 (EACm WC001704518 (Calif.) i5 (WEW-POC, UM-. ,.. S (DISEASE EA.- EM 0T1ER With respect to Named Insured Is oonoessi opexati n at the ty of Miami's Orange Bowl Stad.iun Miami Baseball Stadiur►, aextifi to Hold rkmlad below is an DESCRIPTION OF OPEi1ATIpNyLOCAT1pN5/NEMICLE$/$PECiAI, fl'EIAS 30 DAYS ADVANCE NOTICE WILL BE GIVEN CERTIFICATE HOLDER IN EVENT OF r CANCELLATION OR CHANGE IN COVERAGE r�21 .� 071, dig City of Miami IMA�fisI Firla = Dept. /Risk Management Div. t 65 S . W. 1st Street WIT NOTICE SMALL MPONE LIGAT LIMUTY PANY, RS OR RE TAT (L Miami, FL 33130 XENTS AJTHORIZED REPRESENTATIVE 1� le" V179r iA9 1 r I Mir AAR7,11 A 11r1i ln� 'MD LIVESTOCK SHOW June 28, 1984 E8#,etters of Recommendation To Whom It May Concern: Volume Services, Inc and now Interstate United Corporation has been operating food and drink concessions on the Arkansas State Fairgrounds since May 30, 1979. Our operation and Interstate United Corporation's involve year around operation of a number of facilities including 3 exhibit buildings, T. H. Barton Coliseum and outdoor auctions and other events. To service these activities and the Arkansas State Fair requires good management and flexibility of operations to meet the different situations. Interstate United Corporation has effectively served our patrons and our operation with a willingness to meet each challenge with excellent service, quality products, and steadily increasing grosses. The Arkansas State Fair's income has continually increased during the last five years from Interstate United Corporation's operations. In 1978, our Association's income from Interstate United Corporation's predecessor was $39,834.00 during the 10 days cf our Fair and $17,255.00 for the other 355 days or a total of $57,089. In 1983, off -Fair income was .almost $146,000.00 and $62,321.00 during the Fair. This total of more than $208.000.00 is almost four times the previous operator's rental to us. We a well pleased with our Interstate United Corporation team. Sinc rel , J H R. HOLMES xecutive Vice President JRH/bj 8s-1021 ' ARKANSAS LIVESTOCK SHOW ASSOCIATION >4 2440 HOWARD • P. 0. BOX 907 • LITTLE ROCK, ARKANSAS 72203 • (S01)372 83lt V Drange County, Convention /Civic Center Thomas R. Seviell• Executive Director September 1, 1964 TO WHOM IT MAY CONCERN: U.jrino . April of 1978� the Orange County Board of County Commissioner authorized the Orange County Convention/Civic Center project. From the start of this process. the highest standards for- er•chitectural desi-r. were e%taulished- Building service, were also mandated to maintain an "tibove tine averagr" lev,:l of qualit:. The "'•lanagentent Fee" concept. adopted by the Oran;;e County Convention/Civic Center. allowed the facility tc, pur1ic,;s1e the focd service c•ontrCrtrir• in controlling service level. price and food qutility. This t\pc• of brranoem"nt extensive catering. concession bnd manbaement experience from the food ser%rce contractor. Volume Servicez was chor-en as the company that was be.t able to m,,et tlre-.e demands after a competitive bid process. invo)ving a numbe•• of r.^tionul firms. They have demon-trated an c5:lit• to mod ,`y its operation to meet the clrr;npino needs of the Civic Cer.ter and our Z•lic:nts. Tire Orange County Convent ion/Crvir Center is plvu-c•c to hove the Scr%"ce• Divi:,ion of Interstitc lnitr.t Corroratinn us :,n inteors; part of u-..— bu;lding staff. he believe they ha\c helped u� exCeptior,::l facit,ty. �in�ercl Tnamas H. Secti ell TRS!1-:» 86-1021 9600 International Drive. Orlando, Florida 32809 • )305) 345-9E^0 SL Paul Civic Center 1 I A O'Snaugnessy Piaza • St Paul, Minnesota 55102 • (612) 224A-7361 Marlene 1 Anderson Managln� DirCoto► September 7, 19L4 TC W11:_-M IT M.:% In :-ctober of 19.7, Volume Services Inc. was awarded the food and revtrage service contract in the Saint Paul Civic Center. The change frog. a iota! eonccssion operator to a national food and beverage conLar. has prc%-e-, tc Le a very positive advantage in o::r food sc-•:ice area. Vcl•r.e Se:-Jices carefully planned the transition, and ca:r:e! it thr:_ct with no ir.terr.:ption in service to o;:r eusto-nerd. cncc cn b:�:.:6, they brv=an renovation of our concession areas and have tc __:e r..a4-e rz.-_ tc t_th the facilities ane e=uip-ne:.t Vcl-_-.e=.r:iceE w_rks closely with our staff to prc,t:de set-L- iE ne=esiar• to be:t serve the event. : a Civic Cc-.tc:, fa: -lit: w be^;.cc cvF: 350 event days with attendance ever 1.5 million i-. Events versed fro-i ccn.tinental breakfasts for 2;:, luncheons for 5:.C, to s=11-out concerts of 18,000. Vclune Services catered tc t:.: nec4s of the e•:cnt, an- r..a:ntained the caalit} standard osr c.:r:c-_:s have ccne tc ex=,e.t. .:vices is activcly Participating ir. e::r :1 r._:.: re-.n•:a:__.. F.c.,cct r.-., in p:c_e_s. Their ex=c:..sr ha!' bFC-^ In the :: —c• cence_sicn service areas, an-- P- . � f2:•s�-F•.•c: 1r. hcuse k.t:s.c• fad:li:y. 1 c. t: c cor.sidc: a fcod aria be•: crage contract f cr ycu. tie_, er.cc:::a_e ,•a_ tc look to Vc'_ur..c Serb•=.er, 6r.d w?.at they can cfte: yusr e�e:ation and your e::stor..ers. �it is t:ul; a r:cfessiona: fu.1-service food and beverage co -par., tha: has Fat.sfaed o:r eu_:c-.c:s and made my staff proud to have then Ir.%•olved ir. the Civic Center operation. f. Yours very truly, r Marlene Andersor. w; Managing Director _ MA /r r. 5 hZ� i' u 3 r. August 13, 1984 TO WHOM IT MAY CONCERN: Volume Services has been part of the Casper Events Center's team since its opening April of 1982. In starting their oper- ation in Casper, they were very organized and made our Grand Opening and every event thereafter a success. The staff of Volume Services works very closely with building staff, working with all our needs and concerns. They have al- ways maintained a quality of standard that is necesse:-y in this type of operation. We have re:eived many praises f.,r events they have catered. If you are in the market of a concession, catering, and novelty contract for your venue, I wholeheartedly encourage you to look into Volume Services. Sincerely, L0 ape" James M. Walczak Director Casper Events Center 8G-1021 Nurner One Evcnts Dwe. P O Bok 140. CAr,rc , � yC�inc 8:ti'^., P^Onr: t30' " 577-090' :} Inlfnte.cvv /�.. •i .1'�Y p! A.,r0•: r, nW4YaYjC'� t`� r CO) a Tampa Sports Anthority EXECUTIVE OFFICES 4201 NORTH DALE MABRY HIGHWAY •TAMPA. FLORIDA 33607 •813-870-3060 May 12, 1986 TO WHOM IT MAY CCNCERN: Volume Services, Inc. has been the Conaessioraire for the Tanpa Sports Authority ("Tampa Stadium") since July, 1977, and can only be described as unquestionably a member of our team. Although Volume Services, Inc. did not bid the highest percentage payable to the Authority, it was selected nonetheless. It was primarily the plan of operatics proposed by Volume Services and its effect on Gross Revenues that influenced the Authority's decision. We have never been disappointed with that decision. They have main- tained a program of updating equipment and facilities, and continue marketing efforts as relates to new products. They have always been sensitive to the image of "Tampa Stadium", and work in partnership with us to maintain that image. All levels of management are available for consultation at all times, and special Events at the Stadium draw company -wide participation. I have stated previously, and continue to state, that this relation- ship has been excellent. 8E--1021 IV- e WEA- PALM BEACH EXA3S P.O. Box 2686 West Palm Beach. Fbr da 33402 686= September 8, 1986 Mr. John Malloy Volume Servies P.O. Box 3087 West Palm Beach, Fl, Dear John: Can't thank you and your staff enough for all the help you've given us. Wish we had been able to bring home the Championship Flag, Just think how we could have promoted that - "Champion Hot Dogs"i "Champion Soft Drinks", etc, etc, There's always next year! Sincerely, 4,,Z/ Ann Sowers 86-1021 "Taimea Falls Dark On Oahu's North Shore August 21. 1984 To Whom It May Concern: In 1978, Waimea Falls Park concessioned it's fjod and beverage operations to Volttmp Services, Inc. They agreed to employ their vast resources to maintain our very high standards and maximize our profit potential. This was really a fortunate marriage in many wa7s. They improved the Proud Peacock restau- rant serving light lunches and fine dining in the evening. Volume Services has also vastly improved the sales at the Country Kitchen. a fast focd outlet with 4 windows. Several other food and beverage outlets on the property have been created as well. Catering special functions both on and off property for wedding receptions, polo clubs. political functions, and the like have boosted our image immea- surably. Volume Services crowning success has been their ability to create elaborate theme parties which our Bales people are able to market to the luc- rative travel incentive and association markets. competing head to head with the highly sophisticated food and beverage departments in the major Honclulu hotels. The greatest part about all of the increased business is that all of the un- pleasantry and humbug associated with the food and beverage business belongs to Volume Services. (Re=ember, we ran the operation ourselves for four years.) The second greatest result is that the 150-ish employees collectively working for both companies in the park operate as one family. We even have joint Christmas and sumaer company parties. This healthy situation is primarily k* due to the professional managerial attitude which we have experienced right through the Volume Service hierarchy. A • Roberts Leinau General Manager :i RL/tdn sfr �t -,_ 86-t021 ' Park Once 59•e5a Kameha-wha Hwy, Ha►eiwa. Hi 9c71 Ph 638-8511 Wa•kik, Sees Oric•� SuiP 1309 22�? Kaiawlua Atop . Honol,,lu. Hi gfz�5 P. 9''3.8aas laimea Falls 01ark on Oahu's North Shore August 21, 1984 To Whom It May Concern: In 1978, Waimea Falls Park concessioned it's food and beverage operations to VoliimP Services, Inc. They agreed to employ their vast resources to maintain our very high standards and maximize our profit potential. This was really a fortunate marriage in many wa7s. They improved the Proud Peacock restau- rant serving light lunches and fine dining in the evening. Volume Services has also vastly improved the sales at the Country Kitchen, a fast focd outlet with 4 windows. Several other food and beverage outlets on the property have been created as well. Cntering special functions both on and off property for wedding receptions, polo clubs, political functions, and the like have boosted our image immea- surably. Volume Services's crowning success has been their ability to create elaborate theme parties which our sales people are able to market to the luc- rative travel incentive and association markets, competing head to held with the highly sophisticated food and beverage departments in the major Pcnclulu hotels. The greatest part about all of the increased business is that all of the un- pleasantry and humbug associated with the food and beverage business belongs to Vclu=e Services. (Re^ember, we ran the operation ourselves for four years.) The second greatest result is that the 160-ish employees collectively working for both companies in the park operate as one family. We even have joint Christmas and summer company parties. This healthy situation is primarily due to the professional managerial attitude which we have experienced right through the Volume Service hierarchy. .r Roberts Leinau General Manager . RL/tdn 8E-1021 Park Ot',Co 59-B54 Kamehaneha Hwy . Halerwa. H; 9E,712 Ph 638.8511 Vva-kski Sates Or sc._ Sullp QC9 2222 Kajakaua Aye Hanoi./lu HI 9c.G15 Pr. 9?;1.844g 8 I 9D Pompano Park November 8, 1984 Tc It May Ccncerr.: As executi•:e rice president and general manager of Porpano Park Race T: a.-k f it has been my pleasure for the past year to ti:crk with Volur? Services Ccrperation, our facility's food and beveracc catcri•rs. Services has served Pompano fcr the last 12 years, and we rE-ently ent_:ed a r.e:: ten -}•ear ccntr`:t with them ir. 1:02. Thc: hive a si%ccr e cc=7-itnent tc co the:: Fart in }:_ei:ire Por..ranc as n dern and bc•eut2f-,2l as it is, 2-avir.c r...:d•: r..ajcr capital imprcvenerts in several areas of the fz.cility including renzmaticne to the dining room, licuor tars an.2 private clubs. In regard to the quality of product and service, I an well satisfied with the way th-y r•rcvide fcr cur patrons and the way the;• sera ice cur 1,203 scat dining roor., our concessiC ztandz and our V:1 ,nc S_rv_ces r.anage:men: at P=r; anc is cute z:=c_-.:..-c tc cur needs ' the rc_e 5 F ����. O. Cur pc' Gns, as well a:-i : cnszt;.•;e to trip ion.: ar.o Par; crEration in c-neral . i': _""E Services and wzu:d rECC.:.—.E'.d th=„ be c _cc:e: fc: fccc ard tovezace ser%*zces at ycur facilzt}•. vc ry truly, * . .' .. Y.zarcld F. Duris i>::cu:iti•c Vzcc P. c:;;c:cnt and GEne:a_ NFinage:- NSD: kith The Winter Capital of Harness Racing1k. 4� �Ir�S(�t'71iuF�T TH:R11 STREET POMPANO BEACH FL 3Y6 i 0 CJMMC_aJ , CONVENTION Vol CENTEA August 21, 1984 TO WHOM IT MAY CONCERN; 0 In April of 1982, Volume Services, Inc. was awarded the food and beverage service contract for the Fresno Convention Center. The change from a local concession operator to Volume Services, a nationa: company, has proven to be a very positive advantage to our food and beverage operation. Volume Services carefully planned the transition 3 of services and carried it thro:-h with no interruption in service to our customers. After the transition, Volume Services began renovation of our existinc concession areas, and have to date made major inprove.^ents to both the facilities and the equipment. Due to the efforts and expenditures of Volume Services' management, we are now generating some of the highest per capita we have ever had on events. The Unit manage.^�ent works very closely with my staff to provide whatever is necessary to best serve the customer during events. Volu.-e Services has always made every effort to maintain tYe highest standard: and quality our guests have cone to expect. R ert A. Director RAS/wan Schoettler 86-102, 700 "W' STRLr . FI;rSRim, CALIFORNIA 93721 0 TELEP110:T (209) 48b-1511 0 4 ',a-ch 21, 1993 TC "NC" IT MAY EC';EERN : City of Austin Publ,c Event Facilities Lester E. Pakmr Auditorium City Coliseum In Oc:eber of 19,-?, Volume Services Inc. was ay.arded ti c- food and treverage s o ry 4 c e cn n try n P ;.s' n's f'uh' i c E'/ter ; sac i 1 it 4 es . T. c„ar.ce f,•or a lCC3� CUnC:�_;S—'r:;' cr-7—atJ1' t(: 1 '1311--na'. fD-,! an(', bevc,,: C:ft;_ary feel orcGven to t' a very pcsl t've aivanta;� n u:;• s.._- .2�-. 'ee a,•aa. Volume cereful?y planned the t►-a''S`ticr, ard curried it t-.,c:i h W°t:1 no is:terrupt'.on in ser- vice to our eust;::-ers. Once on board, t`•ey began renovation of o�.• c^!:cessior areas and hare 6 - date Trade rra•;cr i-'rrovemc.ntc to both the facilities an•JO equiprrent within. As a result o` Ire;: effo!•t aric'. we are rn:,►, generating sorre of t►.e highest per cao i to in the co°intrv. Cur un't manage:-!ent works cl:sely with my staff tc provide rrr;utever set-u: s nc:essary to best serve the event. In Gu'' we rar cave- e.-2-t la:t veer, and Vney rance fr:^ lurc. Ec ns �'. 150 corpuratt E..vcl.: :£S tC F •r v ti_.:�c;1,'.1f1c ro:,i: and roll I e7. In all casz�. Noll me So�'v ices h,:: caz.,red to the nee ,s of the event, ar-f `3S mainta'-le: the quel itf standard cjstvT�rs have corr.e 160 expect. if yc:, are consi irg a food and bFVer, U`1t.-dCt for y-)ur facilities, wu;:ld encourage ji:u tr, leap: at What Vol u"-e ;er•. ices Inc. ha; to offer your operation and ytu,• custoner;. They are truly a profess Tonal full service ' food and beverage company that have made cur custorrers and my staff proud to have them. in ou- operation. Fesaectfully, Ron Wood Director RW:rvb 86-1021 • A BILL PUBLICATION FAST FOOD' R November 20, 1984 6 SPEC/AL REPORT& �y There are a variety of ways to develop a business. Take foodservice management, for instance. Canteen, in Chicago, has grown in its 55-year history to become one of the nation's larg- est contract feeders, with 1983 sales of more than $768 million from about 900 manual r- accounts and nearly 200,000 automated vend- ing machines. The company has maintained its strength by diversifying into all types of contract foodservice, including Health Care and Leisure accounts, m r- 40 f�%4 00 Canteen: Profiting from a diversified portfolio Born ,l A endllle :,\nll`:111\ 111 1020 Cant:cn Corp has sunned : hang- 111' e:,`tl,`t11I: tide, and of diticient parent org:nuiations h\ r:;r,ulur= ,Idaplable and I' A' \,`I III,t .1 %Cildllli:,Vtlr.l n% .ill% ❑r,•re. Canteen has di%ersi ied talimik, the :olll(d:t (A'OdNer%Ice III the hu,mcs, & Indu,tr%. heap h :arc. Mid :du:,itlon segments. In lU.,�?. C.tilt:cn .nhle\Cd re:t,rd pre-ta\ r.•ti;, of �_' h million on rc\enu:, of, 1 n1111wil. rllakine it the Ihlyd tars �,t tOod,cr\ t:e nnallagement ul the:runtr\ ill term, , t re%;nue,. behind onl\ ARA sin,! Marriott. Lyl,uns Robert A. Ko/lo%%ski. :•bred a 35-\Car career \%fill Cant:en h\ helm named It, presi- dent and : hlef e\e:uti%e ofli:er carp- er this \car "One of our biggest :hallell es todai, is being able to .ut- u:ipate and react to the :hancrtlg nature of the marketplace For e\- anipl:. through skilled managenicni and the ahtlt\ it, he flemble. Call - teen %%as able it, react qui:kl% during file recent re:e„Ion, %%heft %%e con- tinued tit maintain and gro%% bottom line profitahihi% despite %olume de- Chiles ill se%cral of our major nrlrkei pla: a%.- Kozlo%%ski refer, cif course to the fundamental changes %%hich ha%e been occurring tit the American e:onom\ o%er the past se\cral \cars. :au,I11L a shift from a simikeslack- 11ANCd ::0110111lc ,\,ICIII to One of ill - formation. nndu,nies Throu pout the nod- anti late•"Ils. %%title Calltecn's rc\enuc, _re%% steadil%. its nlconic dipped .old s%►a\ed. a %car or mo of In the past several years, Canteen has diversified into the realm of health care, re- creation services, education, and corrections in order to strenghten its bottom line. impro\ement f011owed h\ one of dc- chne Mokkil\. the decline, "ere the etle:l u1 %%ork-lOrce redtl:11o11, and plant :losing, among its Iraditional large tndustnial clients. It %%as:lear- I\ tittle to di\ ersif\ the hu,nlcs, haw. Canteen's strateg% of "Catherine sotiness in hea%\ ilidu,ii\ h% en- trenching solidly in less c\:hcal tik pes ofaccounts—hke h.utking and high technology —:Ind h\ de\tit Ing a great deal of its energies to such high-,_no%%th areas as recreation and health ::pre• has been rc%%arded at the hottom line. Despite the fart that re%enues dipped in 11482 to 5750.1 million from 5785.8 in 1481. income rose �A1.3 mullion. to _'.b million. in ilia period. An increase in net in- come of _"_ percent ill IaS : is cut c%en more positi%e harhinger of Koilo%%s- ki's plan to sustain a compounded AMILIal net Income artm ill rate of 1' fo 15 percent Doer the ne\t fi\c \cars. Memm hile, the past 15 Vicars ha\e posed other ch.illellge,. the Cht:a- p,-h•I,cd :oIllpan\', owicrshlr %Isis Oianged 101tr tittle„in:e I`Itrl, \%hen It %%a, .I:gUired h% ITT Corp In ly72. I I F sAd _'tl percent (it' Call- lecil', .lock on the topcn in.irkel as part 01'•1 Justl:e Derarnricni dc:ree. ,Ind Cantcell he:anio ill independent ruhIIJ\ held :onip,nn\ 1 he t; III,• \Car. C:untecn %%,I%,narred Ill- h\ I ran, %korld :Airlines. hi . •Ilrcad\ parent of I llit"11 I ntcl n,ll lAalal. In Januar\. a tie\% holding :onnpan� :tilled Trans \kotld Carr %%•I, 1',`rmed. %%uh the .iii-litle%. Call - teen. and H11ton he:,`nlln: o%%ned suhsidtanes In file Cn,ut1l_ \Car,. Trati, \korld al„` CtllerCd the real estate husine,s \%Ith it, a:yu1,1- titm of Cenlur\ :I. and added addi- 11onal foodscr\ice :.ii,ahilit\ \%iih it, .I:gtI1,1111 Il Of �r.11IJII 1,00d \\ s• telly, file o%%ner-oper.tior ,`t IIIC (Milli: %', F.urlll\ Ste,lk Hou,c :ham and the :ountn's Lrr_e,t llardee'. fran:hl,ee fiut despite the:onlrihu- 11011, of It, ft`tlr non -airline bti%m- e,es. Trail, \\ orld*% re --Lilts, \%ere he- titg hurt h% 1 %% A', losses, and tit Fehruar\ IL)S4. the airlines \%as spun olf. Canlecn', parent \%a% ,uh,c- yucntl% rechristened Tr:uls\%orld Corporaf ion. and in file m o quarters since the ,pin off ha% sho%%n protit iniprmentents of o\er 100 percent. Canteen's lomastandine autono- m\ %\ithin its parent oreanization has enabled the eompan� to pursue its o%%n goal tit' di%ersification %%ithnl the foodsenlce Illdtlstr\. Yet Kol- low,ki and other niemhers of the Canteen executi%c team are quick to Point out that file:onlpall\ is h% no team abandoning it, industrial contract and %ending husitlrsscs. More than a third ofthea::oums in tlie :onlpan\'s Food S Fending Di- BG--1021 F v? ' %tsum can be classified as manufac- turing. And. in part due to recent re- crn en in the econom% and in part to Canteen's ow it impro%ements in op- eration%. these accounts are showing marked new strength. The compa- n%. w hich did husincss as Automatic Canteen Corp until its name was ch:utt:ed un Noo it, reflect its mo%e- ment into manual foodwr%ice. con- tinues it, operate more than 200 Neudinc distribution centers and o%%ns nearl% 200.000 machines. In 1Q� � .,entlum a.�t�unted fife a0 prr- cent of sales • %\e'%e restru.•tured sip as not to walk aua\ from industr}," explains Daniel R. Krpan. vice president - marketing. "Rather. we want to be- come less dependent on this type of business. The business mix is changing." Canteen has aggressivel\ pur- sued "white collar" accounts. In fact. within its Food & Vending dig t- sion. 90 percent of the new accounts booked in the last four \cars ha\e been non -blue collar, according to Krpan. In addition, the eompan\ \ie\%s sc\eral newer markets as ha\- ing high growth potential. including health care —acute care hospitals, and retirement and convalescent homes —leisure and recreation, edu- cation, and correctional institutions. As a result of this push into alterna- tive forms of business. Canteen's prodigious list of accounts nrn� in- cludes e%erything from Yellowstone ?rational Park and Yankee Stadium to The Yreshvterian Home and De Kalb County Jail in Georgia. In ad- dition to handling more than 900 traditional manual foodservice ac- counts and 100 executi\e dining rooms. Canteen operates a dog track. owns a company which pro - Odes pre -portioned lunches to ele- If.-nrh•r. ,tt'( :rntvvn'. tn. iuemwnt %ta tl to r.l Dim 5.•hurti-r. Hal Ruchrc. Ltv Cyt^e. Dom Frneer. Jim .td.•Gutre. Bill Adam,. \7.A Dun,l;;. John N.jpwt. Gov - Einmersom. Boh AtrlLm %ki. And Dint;.. Lam tl}IL.rs. Gntrec Tenet. Karl edlrrr. e! Gt, .•h.r,. lkrn Att Own. AN (arl%on. Elhot /err. wff Ted Ar7.. Dan tirpw). H.d Brordon. and D.rrrell )'wA/et a L1 Ili.'11i,t1\ tilltlttl :1111,{fill, I'lllls ,1 Pit I,: ri,taur,lilt , called 61111\Cr,. ;llld t'rclalis 1.� hotels \\Ith Illori illall 3,20111110111ls N;III Llitalli,'Ll,l\, Canteen If.[, \\,,1kcd to make all of Ili ol's ratitllts moic:oNt-cI1e:tI\c. A pioneer Ill [Ile !,\-tll:-ttlill:e Illelll,hl t11 ,rlf-,Cr\ lil'. Illi :ttlllh,lll\ C0111111Lles 1,1 rel\ hCa\I- !\ ;I this :on:cIli }sailor ,.I\III_, h.t\: peen ,I_llllic;llll. hilt in addl- ❑. ,,!\. f�rran. rarn:Ir:lntln I, h�,•,', hC:.IIIsC Il1C 111c't110d AidressCS ,:,l,tllCr n,:cd, Netter than set ,Illd sea r,trll,'I1,_ Ill :Iddl- !!+':I. !!1; ,��Illr,l!!\ {Isis made a I11,II,tr , .•• ..;!;!i.;l: 1, �., `('C Pall\e ,Cr\ is t.'s I lit.' : 11CI11 Ill o\ Ides t'I 1C,lsed C,Illlrlllilll Mill; A:- \ nlarkit Plan• .... C111- ,;s \\it it Ir,Idit oral lull-Ime I" .1dillifil'tel It ttil_,t- ,.i �:Illi:lll 10 i1r,I\bill\_ Ihi ,tl' qualm fit rntducl .t 11,'. !tl.11l.1_Cllii ills ,lilt.! to do IhlN till ill •!!, ,I �.tsl•:tI::II1C h;lsis is the C,IIIICCII OLI,1111\ f,,,,d Srr\I:c Prt'_ram (CQFS11i. a _1,`till of hit:k-,tl-thi•h,,u,C ;Llld fr,-lll-.,I-ihc-h,'u,e manuals ,CI forth IhC Canteen standard, tOr i\rr\ :,'ll,c1%able operational pru:e- ,!;!r':. I,UI_ttl_ from pl'tldll:lit'll IC:II n1,I1c, lit Plate presentation and nlil,ll.tndl,ul_. It,: he.IIII\ of tiles prtt_rain I, fh.lt It cliallIes rclamcl\ unskilled la - hot I,�,u::c,sfull) produce And lner- ,11.111,11,C l!Ir (,Inlcell Prtt_r,111C, ,,t',s �:.In Il��hlll,ttll. dIIC:IUr tit dl• C1:11:, .Ind the :Illi) .irchit :i tit' LiI NI' "( I:.Ifnr pi,q lc :all _o nnr1CII)Cnlul, Ihclr ,'\\ll \\1111111 IhC II.IIIIC\\„Ik 111 Op. ( I!I sl' n i/li///t C(', ,i//-,CCIC t/,// 1, 110,111Il'-d /;,I. I1111t'II-1'11.all offs, ' bad,11114.., .uld I, in place Ill all C:ul- ICCII ,I::,'lllll, A coillr,lill, Ill prtl- _rmn Ile, unit man,l,_Cnlint's incen- lit.eN to hit\\ Chisel\ Ihi CQVSI' ,I'ind:Irds ;Ire itlllimed Ili ,iddifio 1. ,I,IIItl,lrll-hCal'lI1C ac:ttllllls I11,1\ hC desl_Il.lted as training xincr, lilt LI1111 mana_Cr,. C OFS11 I'ml:llttll, ;Is ;I pattern Ittr \mLiAll\ e\er\ f\lteof account con- nn_cnc). For Inst.nlce. manuals till 11of Foods mid Cold Foods are ar- ran_ed h\ modUIC—,uch .Is S011p,'It Such, Earl\ Bird (hre.lkfa,l). Farm- er', Markel (salad hard, and Main F: ent (traditional hot enirees)—„1 Ih.11 nl.ula_rnwnt caul .ulapl Ihi prtt- ,gram% It\ file requirements of a par- Il:tll,ll :IC:OLlill. Smaller .I::ttlllll, nl1_111 h.r\C oilk one nlulli purptl,e ,elf-ser\Ice arC:1, \Milli III_ll \tlllinle accuulll, Ini_hl find it %1,&e to ha\e ,Cpai.Ue ,er\ul_ area, fOr the ,aLld liar. a frtlil hat. dC,serI%. Cic l IC mmnual,,lilt)\\ itlrall ,tich \armnon I till -color photo_iaph, Illll,lr.11c SICp-h\-Slip applo.id1C, 1411 1110cC- dtlrr, like 11.111111112 Iloi food, or' 1.1\- nl_ ,tut lilt: salad har, 1 \en nlerch,ul- Ill,ul_ ICchlnyue, such as the displa\s aht'\c ,ir\Ill_ lu1r, are srellcd 01.11 h\ IIIC PRt r,llll. ill,lhl;tl_ liotirl\ 1,441,Cr\I:e \\t'rkcrs it, rci- IOrm file task In .iddition. file tn.ul- LLlls,fri Used Ill :t'lllllll:ll,tn \\ lilt h•`1 ,111d cold d,111\ 1110dll:Iht11 slli:Is It\_ .I:Ill,ll ttlt'd IICI11 ll,,l_C ,I_,tit+.,! .Illd other rllfr,t,Cs. To In,urc con%l,tcm yu.ihf\ Ili product. oll ra%% food I, Pllf:h.I,:sl It, C.Inl:in'\ ♦pC:lllcall,ill, and .111 rC,I- re♦ ,11C %iandardl/Cd. Reopc II1,U1- u.11, include Inl•,nnl.11it'll ,'ll Liu.11111- Ile, Ic"ILIlled for \arl,tlls,.11C, locl, For large %oltime acctunll,. C.uucen Is 1111,11 fe,11112, .I :t'lllI'll tirl/:d ,\,- ICIll.11 Ihi.' L Ill\CI'sll\ of ��h:,tllslll. O%Il Ia"h. \\lti:h C.111 be u,cd 10 shrink or C\I1.IIld I V:Il1C, 1,'set \C.111% number ot people. Sad, I red \111101- ,ttll, \ lei prc,idrnl nattttn.11 ,.dC, .f1- lcoor. " I hC,C produ lit'll ,Ire unl,Iui It' IIIC nldu,11A. ,ul,l _r\e Its .1 \\.I\ 10 0JILI:11C \\11.11 \\C rC'Lfo- In g are \\e portioning co, Iccll\' \rC \\C ""le ,Islip_ ,IC:LII,IICI\ Mid tl,lll_ t1Llr :\:It.' IllORIN 110 Ihi hC,I In addult'n. the ctvnran� h.l, 86-1021 •s' 1 0 \\,`eked up pre•p,l:ka_ed fl,l\onn;`� and h.t,i 1111\:, Till oli'II-tlsed Item. llk' ,:Ill:e, :Intl soups lit certain ac- count,. unit managers ha\c been e\- permiciiiing ailh selling the soup bass till\i, Ittile fill- crea1 n soup and otic 1,01 clear) it, iu%lomer\. Thiouzhoul its operalions- Can- leen us'sa ti\C-\\eel. standard menu ci,cle, \\filch \uric. \\ith the season. 1 Ic\ihihf\ to in,:orpor.ile local fa- \ortle, of it'\ oul tie\\ Liras Is built mto the ,stem: manaccnienl 01001.i, ,Illl,tll_ tilt' ,Ilg_e,l'd ilt•Ill, a:cordll1_ 10lWd. Mid I, Iree to,tih- stnute uh I,` Ike items per catecor\ tas tit tie„eti, or entree,l pet e\cle. ,llhli:l lit the applo\.11 of Illc d1,Iri:l I11,IIl,Grr' 1',`r Ill,l,lll:e, al Ills' 1 ider- al R,,ir\c Kink ill S,.m i tmici,co. lh, :ll,l,`Ill:r poptil.tllt'll II1- clll,lt', Ill.im, 4,1.Itl, as \\ell ;I, stt- h111,11, l l o.1,l p,,! k h„n, l .111d +`t h; r OI I'tll.11 pa,t- Ili, ,u,• ul:ladi,l tit the mornnlg ttll'rll1;, 1t1__:,II\i ,;IiIIL 1::111111{Ill',.11,+` licit' kcal` :,tins ill hn,- For install: .. a tie\\ pr,t_I:nil called Luna_' the ill\ ,llhll\ ell:,`llr,l_e„tl,l,`Illel', It, pl:t,lt,l,i 1Ood I1011, cinch :Ire Illy,! „r\' Oitea:h'\ile nl; rlu. y`i; lal tienl, Me nidlcated \\ 1tiA arc h.'ih poj't:l.lr .md _ooki for ,0,1, It Ill,t:,lrotll .111d -It eescI or in.ir 111, it c 1 seat" t•t,l pl.11ler). I ll:,: iicin, .Ile prolll,tl',1 h\ Ille,1111 of ,1 lar_'tlill-:Aor poster IlLtllllted ,1r,ili_I:.III\ at th' heelmlin: of the ,i rt ln_ Ilne -1 hi cnnlp:ln\ also pit,lle,' Ili it'll -sir\ I:' Illthitlle, h\ them. ahcnc\er possthle. ne.o:,l lh1 honit of entn. In theem hl,t\ie cat;Iirla ofConihnicd Insur- ul:e Co *% tr,unin_ hcadyu.iner% Ill Chlca_o. for tilstalice. locatlnq! it ,t'll•,t'1'\t' ,.111d" :11 ,tAIIIII1 near the dooi rctImcd ,:tie, of more cosll\ ,1cmii Iallk., ileni% it, 25 It, 311 percelll of tidal %.it,,. rather than the pre\i- till, 411 pircelll of ,:Ile,. Alld lilt' re- ,llll.11ll IIIII,r,,\elllilll III plt,dl1:11\II\ ilLtitli,I (.illliill I,t :,,I1111111C It, mill Ill. }.i.'III! \ ,1, .1 ♦ill-,l1,L1I1111L :1: - „nuli. , \;u Ihltu_h lhecll:nl 11,111 re- ..'lint trtllt.,,1 Ili; .uutnnit ttl lls,uh- ,I,I\ \: a,ultitl I+t 11c•e1lhh.1,ve It I I.t,t,I Will"Ilf rinnnl.ltnl_ ti." i\ It1.0111 DI.k S„t1I. rc_"ltv1.11 food di - Canteen has used its network of franchisees as a means to enter markets where the company itself does not have a pool of manpower and resources. rr:lor "��'r'r' ohera►nl,� till, Glcihl\ file %;title \%:t\ \\r could it prolil and I ac:oIIIII " De,pll' Ill' 1,1:1 1It'll 1111, ,I;:,tlllll I, l,t:alell Ill :1 hll,lllll_ urhan ari,i. pare:Ip.ln,Ill i, ". percent B\-the-ot nix --cmcc I, ill,o Il,ed aheiic\er the situalion hermit.. The conlpaut\'s first fora\ into the con- cepl of h\-the-ounce ser\ice \\a, ill the area of salad hars. but this for. mat has groan tr include sand\\ Ich bars (same accounts e\en h:t\e both sere-yourself-b\-tlle-ounce sand. \iich setups and cane -to -order sta- tions). ethnic hams such :Is Me\ic:ul and Italian. and build -\our -oat concepts like baked pol:rloe, and tacos. Gunner's Is Canteen's self-sen t:e deli 'restaurant concept. Desi nid priniaril\ for multi -tenant k1111 ' buildings \\here no iIIdI\Idual Icnanl has food.cr\ice. Gulh\cr's I% ill the true sense of tit,: \%ord a puhli: r',- taurmii. The :,Vl'epl 1, also all 111;- poriant e\pan,ioii \chicle fill Can- teen. in that it ills" has h';I; ,I.I::e,stull\ Jddl"led 10 tttili_i. ,. :realloll. and lie.iltll:are ,ii ;nz, Thcr' are ahow lao diven Cjt:!!:- ter's tit operation currentl\. and i:- cordnl, to KI-pan. tilt' conipant l;tr !fir t'111rrh are:r _roti rli are.i KV Canrrcn Y tmu ,Lw I% man) as `U or bV III t he upContink! %ear. The concept is all .elf-.er,c. emphasizing ,our%. sal' ads. .and�,I:hes, and similar light fare. Breakfa%t is also a,ailahle. B, the oun:e ser,ice is often used. De- cor Can he adapted to almost an% set - tin;. and t\pical size ranee. an\ - „here from about 4;0 seats to more than 00 A\eragecheck for the Gul- h, er's concept o, erall is about �,[W. _;ncranne a,eracc unit ,olumes of `I`I�.I,tptl to'5Ib0.000. Food costs are about ?b per:ent. „hile labor costs „etch tit at shout percent. hit, hcn acid storage space re- qulrcd h, the Guli, er'. concept are miiiiniA e,en thttuch the soups. C hlh. and optional hilt specials are ,:o,,kcd on premise. The ahscn:e of equipment requtrnic HVAC stakes tI;C !'rant -end in,01111 tit qultc lot,. Xtiother Is Gullr,er's catcnn2 ca- 11 pahility At the Adler Manctarmru. in Chicago, catenne c0rpt-ratc. school. and association Functions Is a tremendous part of manager Larry Posen's husniew Despite the fact that the kitchen is less than MO sq. ft.. Posen can and has catered eight course formal dinners for se,eral hundred people. The onl% requlrc- ment to hook the Planetarium or Gulli,er's "Crater on the Moon- dining room for a part\ Is that the host also hook the planetartunis Sk, Sho„. Catering Is in Important facet of all C:uttecn's manual food.er, ice a:tulnts as „ell. At a manor I BAI installation In San Jose. Cal.. "here Canteen operates tothlsef,l:e III fike huildin,_s. as mush is 50 perxiii of the husiness I% front catering funC- titttis The kirgest 1,,I% III ttrcit Houle lOr "0.000. lield se,eral ,cars a_o it) Kt'.'fc'.lfh'f1.1.11tUlilt hke .�c'll ) �t//t };111�c'c' 11,0111111 /loll t• wwri,va portion ofCanteen'. h1 ,we%%. N. _ - woo �. _ . tip .��fi 4 Kid celc•ht•llc' to -III allimets.ln of Ihc• PI.n11 oil the Nest Coast %\here the\ oricinalcd, build-win-tmn hors are P:Irticularl\ popular, although their popularih I% rapidly spreading across the co11nm to Illore tradl- tion-hound markets 7 hese bars ha\e also pro\en as adaptable to Its\\-hudeet accounts as the\ are ill the flagship amounts \\here Can- teen's m-house architects ha\c• de- .ivned the facilities from scratch At tit- S.mia Clara Count\ Gmern- mcnt Center tit San .lose. Cal , for in- st.nl:r. althou_h Canteen has had tit- account for the past right \ears. thi fo,,,ls;nl:r faciltlic• "ere dc- sl-"n;d h\ the pr,,Ie:1 It:llllC:l and ht_}l lahot :,,.t. due to destpn mefli- :lcli:irs\\erc':1:,,nstantpr+blem IIf Ia, i. Ie ss ►ban a \car a00. the 100-sem rc'sIJII1.1111 p,,rilon 1+l the illcIIII% \%.1, :l,,sr,l..11ld ,`Ill\ .I �IIILNe.11 :.11c•lrrl.i rcm.imcd ill operation Unit inan.iC- ci Ro-m A\som sol\cd file problcill h\ ulsiall!n a %mipli self=see\ Ice bar Ill tltc snl.11lrl duiIII2 arca. anal ofl'cr- Ill_ All Inunrnsrl\ su:ccssilll h)•Ihi oun,i elluu: fot,d h,ir that :h.ul�es \o\% 111, fa:ilit\. .1 Prolit and %\ill:lt 11 open It, the I, ,,,.1. sonic of Ihr to\\C%I t,a,.'. `sis IIl 111i cOMP,11!\ s B.l\ ..�� ; rr tall.11l_ .Ihoul \\ Ii,tl (.nl• Ic. n , J!I dI' untlel Icss•111,In Pt-rfc, t i„ij, " ,,I%% DarrcII I ) c.il.- li\. �1C"I:rII .area \I:t' Ill rsld:lll it11 d;! \1h„11: •�\si,ill's :I,:ollill I:Ilis 1•.1spr:I.11:h.11lrn_; I `Pro- \ I.1:11_ f,,r .Ilelll nerd. alld %AI1%1'\ III_ Ihc :ust,uncr %%hen 111: f.1,lilt % Is 11"I on lilt, priory list for repairs mid Inlpr0%CIIIinls.. Sit, 11.III.111ItLIJi 1%doubt\ Itllp,,r- I.1111 Itl I,hl.l\'� r:ollollll. \\hell C111� plo\cr. are t.lhm an c\tra-hard it,,,1, .11 the %,hut- ol' the ht-llt•lils 111.11 ttit, \ pro\Idc And Ihc .11lnudc :Ilso 111ldt•I% t,rC%.I:orpt,l.11e p1111„sopll\ ti.I\• h„il ,\%s41 "It is our responsi- ill\ Io he successful under :ondl- Holl, .Is \%c Illid them, 1101 .1% %%t-'d hi.c Ihrnl It, h, In 0111CI %%ord.. Play \\ flit Ill,, 11.111d 111.11's been dc•.111 %ou " C.r111ccn h,ls dc%eloprd .1 nunlhrt of pl,• I.I11,s -lttd p,,ll:lc's 111.11 c'llal\li If I,- I111 sl pl„til.ibl% Llsc' 11s h:Uld. 11,11 0 At ) c/h m %h ale. Clwec'li operates re%t.juranL. lodging. gift %hop% w7J rollr%. the IeJ%t of %%hick Is a general pro. grant to renegotiate man\ of it, p&I amounts into less spe:ulatl\c nlan- agetilem fee bases to addition. se\ - end \cais ago Ihc :omp.an\ %%.Is dt-- centralvcd. creating a ile\% l.t\er of imicral man.igers \\lilt ultim,itc rc. \ponsiblllt\ toi the pertorllall:e of all .i,counts \%iihm their hran,h. or district 'lhers are SO :omp.im. o%\nrd hranchcs \\tthm the Cantrell s\drill, reporimi! to Ullc' of tUllr arr.t \Ice presidents "i fill s\dent Ilas:1110%\rd Us to hr %en tlnlel\ tit our response to char e% fit lilt- marketplacc." e\. pi -lilt, Haller. " hc:ausc file People %%ho I,no\% the local market hest are the oils. makiiq! Ihc' dr:lslotls Mid Ihc ones \%ho are accountable.., In :addition 11, Its :oniP:ni\ -o%% nod hran:hes. Canicen is the only food. see\ I: ccompam tit 11s 1,Illd It\ 11.1\ c' franchised locations. III fart. Iran - chi% lag \ka% :1 major tartoliit Ill%' :ollip.m\'s pattern of r\pansion There are morn than 130 Inds\ IdLIJI trait hlsrd locaiit lls. open-JIII1_ Illallll\ in smaller cities Ac:ordnl_ it, Igoilim ski. franchising :1 iermor\ rather thin going lilt,, 11 old a:o11111.1- n%-operated h.isls \%.Is Ihc moll cf- ir:lnr \%.I% tit rllil'rlll_ all :Irc',1 \\here the :ompam had no e\i,lin management base. As the compaii., e%alu.ltes a ne\% area of the:ountr\. it decides :ooperati%eI� \\heiher if %%ouid he priors Judicious to frin;hiss the Ierritor\ or ronlpan\ operalc' it 11imc\er. according to Ko:1,m,ki the franchisee nemor1, Is :,I Oils Polio rclamcl\ mature sales. \%hl:lt ,Ire not nl:llldrd II, C.0 Ieen'. results. amount to ah.T' : I, nulhon .lnnuall%. As fit Most sll::rsstlli h.Itl;lltsc �\slc'I11�. �':Illlrell'� tratl:tllsri� ll�, file same programs and s\ stem- us:,l Ill Canteen's comp:nr\-of"CIJic,! J,- :oullls 7lic\ ha\e first ri-,ht ,,f It:- fLlsal kill Ile\\ piece" of hu%lllrss signed ill their termor\. and are fre, it) take :In% t%PC of 1. hcall11 care.rc:reatlon. Ho%\c,ter. most large recreation accounts ;,I*, handled h% the connp.m\'s scp.lrttc Recreation Senices di\ ,,1011. %%hich has the resources to pl.i:r awono- mous m.mapenncni icanns to Ihc ul,l!- %iduaI J,-OIunts Laf ,e re: re,lnon a::1\111111 Protcd %cn successful for Carltet-n. %\fit:his a:inch pur%unl_ nc%% hull Iles. III.lads and national Path%.:oll- %cimon :enters. niarm.is. cnterl.lin- Illelll chid sports :oIII I'll ews. and lltc 11 like it) Doll hl'l"Ill. re- : t C,II 1,111 .Ic:toulit., pt,.e certalil Chal- len_C. the\ tend to he long -terns :oiltracts and the\ tend it) require suhst,uulal rll\estmenis. ili addition. the field I,, :rt•\\ded \\iih Co'mpeli- tt`ts looking, for a piece t,f t11e ICI.(Irc rt'.trk,t it, protect thcinsel\e♦ front ,!!, \!:L.itudC. tit* the traditional iQ\ I .,:Illelli. R,:Icmlto11 ac:toilill• also tetid it+ sca"011,11 In n.lture. and a - i.`t,!II!_ It` Gc or_e I' one\. \ Ice presl- u ;.' r::ICalit111 .CIANN., (111.C11111C fill, .:.lst+nlllt\ Is one tot file dl\l- Ill_, 'St :hall:tl_,s. In 1 Cllo . \,Itional Park for Ill.1,111cC. \\ i)i l e C,1111celOt 1 W Seo lies oil\ I - \It'll Operate% oer\Ihinu, from illtod- •,,:.; Mid Itltl_in_ 1230 room. In •e1�,If;tic fa:Ihtiol I,, four h(1.- !;'„I Ilor.Chack r'Ido. Ill, it, VIl per- .'f re\enues sir, '_encimc l In I period In .1d,111l,ln. enl- !' '.::t:fll .\\,II. iloill ,1 full-111114: f p,,lplt to .1 s:,ts,111.11 In_h nt.iknl_ tramin_ ,Intl I'c- 1;I:1I11C111IlllI,'fl,lill VIII,.u_h aided h\ file fIa Thai hall'tof the mana_ers .1141 ::1, to ',1) perxiii of Ilse hourl\ \\,'piers return each \car. the tirsi- t1.I\ .'rl; nt.n It In at 1'ell,'\\.ttulr Is :rnl;.11 S:1\sly L Ru:hIC.C\C:uu.0 \ Ise pre.idenl and general nianaec Branch general managers have ultimate p&1 res- ponsibility at the unit level, a sys- tem which puts decision -making power in the hands of those that know the market best. of i lle l elimt .look P.n k 1)r, lsloll t,I T\\' Semler.. "I'\:r\ tear. \te ha%c 1,+ _CI .1 \\ }It'll• Ili \\ . i e\\ t'll 110.I1d .tild re.itl. I" \\.'rk 111 a Mattel of d.ns \\nil nl,+.t ,'1_.uni,ult+ns II I.Ike. \e.u.It' t1:\CI,'p.l.lilt lll-C \\C ha\e IfO da\s it, do It Intl than \\e h,l\e It, tit, II III t,\Cr ;I_,un the ne\I %car Pride ul the ft+h and 111,'r.\I:.lre :rticl,ll. I,e:,lll.e lht'•C IiiIIL• lllli- Ilt.tlel\ affect life ,ifl,llll\ of the \1%1- tt+rs' C\perten:; ill the p.11k .. \\ h,ll I \\ \Cr\l:e. i,a'k t'\Cr ih: ,I:ct'llllt Ill 10'14. the lodt'nl_ (A:IiIIIC. M,IIc rnt" luhrt.•,"Ibi, .r,,•'lurt. E \\CI: Ill J .IM: Ill t11,1i1`.Iil'.I11t1 1t1,•tl and :.Ills Rlt:hte. Ili .tit utyr::cudc ltt:d n111\C.IhCC0IIIr'J:ithat I\\ nCzt'1ialCd \tllh life NJI111n,11 I'Jrh Senl:C:alled fOr ilic t+per:ittlr it, ill- \ esi :1 :cliis toll e\ Cr\ dollar t,I .sole. In I he f-wlllllc,. \\ rich :Ire t'\\ hell 1141 per,xiii h\ life !'.Irk Ser\t:e In Jtith- It'll.f,llltl. It, _0 I„\\ to rds f.c\ ll:tl lilt 1. 'u of, 1 Cl1,+\. stt`ne, its lar_Cst Karl. \, ,1 I esult. I \\ Sen i,,c% ha,s spoil J sllh- .I'lnllal ,Itllt+11111 Of Illt'tlC\ till All 011- 01110 up_rJti: Of h,lsplt.lht\•ri ;.I;it1 park t;l,lh,lis. nl.luthn n111- il.'tl l,+ .,M1 lrll.i (it lilt \tll.l_e. J IIC\\ :011111ICit t'1 (th1_II1_ .Illd I, 'd1L l- Ice toot 1 .Ike 1 :Ill+\1.1t'Ilc III ,'rtlii i.' I11,, \Iltll;e Its 111\"St- 111CI11. the iolli `.111\ 11.1, iml!I.1!;d .1 t11'11, C I,• Ill, t't1-.C.I,t'll hll'llit!" \noels .'I* 111!s 111111.1 1. tt.Ild, Ill, r;.1,111L hu'llic" dill III-, riff \\h;:i up l,''llllln;l!,s on ihC h.lrk i \\t' nt'\t rinl.un ,'yell tlurul_ thi WHICl nl,vllhs.,nldflit: vIIIp.ln\ nl,unt,un. .I Ilect of tl\ er-I lle•siw\t \ elll. 1l ,% I,+ 11.111.11of I supplies And \ isnt'i, Aikc I11 .tdtltut`11. ; 11ow l olic 1% pit`I11,'ICd .Is .I hlI.I11C..:t'lliit�Il:i :oiler tlurnl_ non-pc.ik nitimli, %irilJll om%CHI 1,lns .Intl hush 1111c 1111_..Ir, .lost' file li`at. t'f.1 .11111- (.lr mari,Ciil1_ thrust at ii c (1h1,' StMe Park%. \\ here the Reo,caiioii Sel'\ Ice• t11\ I.It+ll t`pel':Ile% Silllllar 1.t- .1h11C.. And at IIledl\Lltoil'.licf\ .1:- couni ill the F%cr_l.id •. a prchim- tlar\ up_r.ldlll,'- t+f f.l:Ilitic, there lists ell,ihled Il1C inji-ketin,` •i.it1 it, prtl- 111UIC life tit]' months tit' Sepicinher. October and Nmemba toll a Itical haa.. Suisse t'( L.11leleeWs, tether MAJOI' Recreation Ser\Ice% :IcC0LIIII% ill- :lude tilt: North Rim tit the Grand Can\l\n in Ari/ona. NASA henne- d\ Space Center's Spaceport USA. a number of state he,whes and parks fit CalilOrnia. mid HC Place. a nett sta- dium:tomple\ In Vanctnter, 11rul.h Ct,lunlhia. Area. of potential iro%th i11ClkldC COMC11ti011 CeIIICr.. ions. anti .t.11e and ii.11totial park. While C.1111CCIV., I'::real ltlll,ll ,1: - couni.1111t11\e It fit ocr\Thin: (roll) rlllllllili' tea. .I.IIIt11N 111 Ill.11'lll.l. 10 86-1021 i \J (,,.. is 1,1', 1. •,, lmm.t l.', .1tn It, rn, lu Jut_ (Yu;.i_, I', -IJI,v I'Lim-1.tllun: .11 ) iII. I\\,It 1111'. 114h1,c'I- 11„ III, ,'II11111. `II 1111ea,1 till- I.I. 1. 32 1',,1„•111 ,,t 111III , I,I,,11', ,.II,', ,.IIi n:.• 1, n� �1. .III.! nl•:I. ..I,,unl_ Vxti,ul.u- uI� ti1.111,i I„ liuuhul,inlrnt t,.111,,1 I)I,I_It,I,il, hilal- i,l DR( I, I, ♦,I\, KIII.Ill. I• ..,!I,III. .I'I,1 I,,1\III_ I,'.'.I,,r,l;i 1 1 h..11tl. ,.u,. '•t! '., lid I,'1 II. 1 ' i - I. •,; , I II.,. \\ !•II. II I,I`It.11• 11;:n! I1111Ie it„1-1OfIl;lt'ill .I, the It'llL' Iiilltell,•,1,oI DR(l,ttll,i Ihi,l\CI'• ,I ,• h,`,I1u.11 ,1.1\ ,LI\\n 1li,- lill_; 10 Ihi 1<1t,,l,;I'\I;i 01"c•1,1101 11 1„ 1�I t'\ Ill, .I ,Ili loll \ 1,I t,�r,IIII \1 ill; Il 1, h.,111 .1111*,•.Ilnl. I., Ihi 11.111en1 :Hill ;."I-,'tl,,ll'•, It'I IIII. ,liilll III ,I,I,I I- 0 tion. N hide arl,rt mmatil\ til l III 115 percent of health :aic ao.01LI ll, ar, In .t fie ha,i,. there I, it trend I,,. \land, a euaraniecd eo,I per hanenl ,da\ ha,],. \\ hick fun,:low, it Ills Huge like a p&I account. ,a}, Jnnnl\ Ilhchari. dt,trict manaVer-urera- uun, for Canteen', 11calih C,Ui Di\iriun. Camccn', health care a,:, ,ii t, Wild it, he cu,it,mved III the I%Ilion! Ialhulatllln. \Mille ,IIII u1llinn 111, ;t111111:111\', h,s,l, t,l-ira1111 '111d ,\,tens, 1't,r nl,ian,c. Ihi niiJ, f a ,nt.11lir a;uti ;ari (.I;III!\ ht., life Ihi-hed L d\\:Ir,1 H,„1 t!.I! I1, \,I• I1et \ lllc. III . are :lit from thole ,If the I'li,h\Icrl,til {Rollie In f III t111c t11 J i1rim im—, Illlitlhei i1 ,iehen\denl ,k111i,1-.'ari II\ In 111i\r, t 'r the il,dirl\ AI 1..d\\,n,d. \\hire Ihi •lint ,I.n I, Ie„ Ih:u! t\\. \,.:'.,. Iiit; ail ,r\in ,he;i.l! 1•.1 ... , nlinit, I,u;h a, h1.111d. 11,: !1,! Ill,.- like. ill a,1,1111t,11 It' ,till, Iii-,I:- ,I�Ili,1 illilill,i Yet :III i-.Ilt,ilt, `'Ll Ir,,lll ,1 Ili\\I\ Iil.11l_ll!,Il,',! ranl ,I\Ir" Illellll .111,1 ,lid it`.',: 11 01AI',l. Ill hulk. 1,' .,r,l;; A Ili\\ ,I., ,irt ;,li !. \\Ili C'li,! !!:1 •_ 11., .t' ,. , 100111 .11 Ihi ill,! O Ili: Iellif"Ile, till IC,1.1111,111: Ai 7 he PIi•h\;erl,ln II �.1,.,,.' h.I • .111. .111 Irr;l'.'I:,1111 px1 , Il.0 :11N,•ir, ', 011/`1,.I ,•i !�'r.hrl_ 1•:. ...., 86-1021 .10 y., 11 86..IL residents lice in complexes of cot- tage and apartments and function to it great extent independentl%. These residents take their meal` in central dining roams, and may be sen ed b% a waitress or eat buf et- %I%le at breakfast and lunch. Dinner r. aI%%a%s ser%ed at table. with resi- dents ordering from a menu %%hich features at least mo hot entrees. Although onl% about IS percent of the health care market has opened to contract feeders. the segment is a rel- alk eIN recession -proof one. saes Da - %id %%:itten. national director -Health Care D i.ion. The marketing thrust for the di%ision will be one of "con- trolled expansion." adds Witten. concentrating in Canteen's estab- lished strongholds in the mld%%est. •outhea•t. and northeast. Currentl%. Canteen has about Its health care account,. about S0 percent of %% hich With the country's economic base shifting from smokestack to service, Canteen has protected itself by pursuing the more reces- sion -proof white collar account. are conlpan%-operated and 20 per- cent of %, hich are franchised. Education is another grtmth area for Canteen. Ha%ing recentl% ac- quired ['referred Meal S%stcnls. a pro%ider of plated. pre -portioned lunches to school children in grades K-6. Canteen can now pro% ide full- ser%ice lunches to schools %%hich hale no prep facilities. Another ad- santage is that PMS guarantees the cost of product for up to a %car. INS's market has been expanded natimmide. and according to Krpan. Canteen expects the demand tier pre -portioned meals to iron%. This additional demand %%ould .r►1<_- ment Canteen's more traditional business of prodiding food.er\lee management to school districts. Krpan adds that one of Canteen', prrman roles in pros iding food•er- %lee (o elenlentar% .Jl oils 1. 11s tiph'-.erne har. hbe the E.rrh Bird hre.-AKAt rnodule are one ewtuple o1'Cvnteen'. effort% to.•ur co.r.. • _*YTM1 44— � � v ( Im • �T w T /L•�!: , ., ,!�,v11., such ,l• 1/rv..1:• ,;.,• . , , ..,..,.,. ;• . •r.r;... ,.. .:'�:� man.l_rinew of comnlodlt\ ullllrl- I= pnl runs College, .ind urn%ersuies on the 'thcr hind. because they tend to he ,eii-opeiatcd. remain a less pronns- ul_ market for Canteen. H1o\\e\er. the :onip,nl his recenfl\ piked up IC\,ral -owract, III addition. there I, poicniial for the Gulliver', con- cep, tit colle es and uni%ersifles. par- ncul ik in the gro\\utg area of c1on1- munln collects. \\hose population, are lugel) made up of smununng student,. :%I the College of I al.e County. In Illinois. the 2'5-seat Gul- h%er's there does more than 12JXMI In hnsiltes, In .1 t�plcal day Correctional m%tilulions repre- sent another area of gro\\ th fur Can- teen that population In 11111, calcgorn is increasing at file rate of about _`t percent a \car. Krpan p1U111s 111i1 that prison adiumislra- toi,, h1sc iheirc,,unterparts in health Irc turning to Outside pr'fes- vinlal, 111 else the hUI-den ofs.lusfy mr: hm h the demands of the correc- nonal ,\stem and Illow of Inmate ngM% groups And ,1, in the case 11t elei ientar\ ,chook coirection%I II1- oil, mum also deal \\Ith cornniod- Inc, utlll/alloll programs. The nta• jorll\ ill the colllpAIIl ', correctional Cen- ter tit Vir inia gcneraies 52 Z mil• lion Canteen his eight correctional accounts, Indicati\e of the gro\\th Wilkie, most of these accOnults "ere signed \\Rhin file past dear. Bee and these oppoi winties. Ko/- hmso sees a great deal of polelltlal husnless in related areas •'V1 e ha,l- call� \\ill explore and opportunities that come our v\a)," fie asserts. *AVe feel that \\e We de\eloped .I nuill• her of design concepts that can he nu,luall� beneficial to the :011lpall� and I,, the client to ,e\eral area, " Just as eiainples, Ko/lo%%%ki cries ,lnulir\ cluh, and luc,ll, municipal gnit ,oltrses, coffee shop, and ,nick halt, in ho,pilak hilt Independent Of Patient feeiiing. rc%orts. and selected llllhlar\ fec'dIng. III adt.1nion. %a1 ,- KoA,%%,ki. the collll':111\ I, I11\e,ll :11111_ .1\ Cline' for rc•laleJ management Ier\tcr,. Inch as hou,ekeepnlg and hulidulg nl,un- ten.tllce. \\ 11l,h \\11uId he conlp,ulhle \\iih C'ateen', ciami lg client base Stich lie\% husntes, night he ac- "t►ur atnrlldr to\\ard acqut,iti on h po,lll\e. pro\ Ided \\e ran find the right tit I'rtnlanl\. v\e'd he to okink., of food,er\ ice. hilt possihl) in relit. ed Inallagelllent ,\,lellls." Kit/- lo\\ski foresce♦ lip to 25 percent of the compaq`% sumamed gro\\th or - curling through a,:quisition. both In ferns, of market fill and ne\\ pro- duct ,er\ ice capahihtn . One flung Canteell \\ill not do. Cautious the chief Is str,r\ in and ,uhst.ultly e a av from t�uodser- \ice "Ae'\e made a place for our- ,r)\es III the food,er\ice Inallso- place." enlpha,vc, Ko/lu\\sl.i.".Ind Iliad's %\here \\C ll c011111111e 10 ♦Illg It Out " for reading about Canteen Corporation in this RESTAURANT BUSINESS article on foodservice management. Canteen Corporation Merchandise Mart Plaza Chicago, IL 60654 L 0 •w--.+��l+e � - ,'.-ter c __. _._ _ _: r_ I .♦ ' J VOLUME SERVICES t'If From Olympic Games to the Super Bowl... Volume Services is There The Summer Olympic Games at the Los Angeles Coliseum & Sports Arena, Super Bowl XVIII at Tampa Stadium, and the Arenas. Ccn- •.enn:n Centers. Fairs. Racetracks. Recreaticn Areas and any place that people gather for e::!er;a:nrnen, and recrearcn is •..here the r--ana::e::.en* !earns cf Volume Services are pro- p gsa:av ,`ccd be•;era,3e and Volume Services h;.s earned a rep;.i!a* . as .` :e�._.... p::fess::::a: focd services,...:n the rec:e !:c^ ma-ke! _ e r;�:n^ e�• `ac:::!:e: se:r.! Volume Services Management .=ze Market Orientation =.e first ser•. _ Maximum Income Our .. a-.... ter.n~.s are =c e%% e -and .:e X. —es Teamwork !c de•:e::p and maln!a :n a Ser .:ce prc ra:;. ._ meet nee-s s pp���� a'.f.:.a1-, .%-:,h !hc- I A A M �'1�a � C7�y f , •I A Z .. 'TFr `HTA ACT:.A I A F E N A C anti The �1�0. Pr:'ess:^na! Baseta!: Leag-aes to yn I E 0 SC) woo jO 007.4 1- 9 •i �i 1 M U� I if • I Volume Services... The Leader in Food Service to the Recreation Market Our People Nlana.:ers ;: a:ters and waitresses chefs, desionArs stand•raorkers ban..,quet salespeople far:�:ers. bartenders, accour:tants superc.sors and a:: _.: e 18 1 C_ e.�.p!c�:ees cf Volume Ser- vices and Interstate United Corporation :': ill .. irk ...' ; .. to do 'he lob hest `Our Experience 1��C _ G l.. r�. •. Ci r��..:d �� ......•i pe f_-r- Our Training %%'e cr,V.de '21r .nd.:s: 'ea_J,na tra:.... _ pr_- 7'arnS _, a.. of cur iCCa.: 15 Th:s ..sua. pr _ „ams and man:.;za Our Systems ::e Volume Services .ur Sza:es Pr---ra r and ... ._`_'l7 :`a a..��F'n:Cnt Inf,ri.. at:_.. �• _•... :r'_' :.. par,. cf the package of ser.:ces .:e pr _ ; ide Our Financial Capability As ar. cf a �.-.ers:f:ed Ha: scn Trust PLC..: e have the resources and ..exibility required to dC the lob Our Pride We enl: our .. crk and take great F r:de :n say - mg that .:c 7D it best May .:e sEarve Cu7 aNNISH l »/1lif sang:se loans inson games ==o:T 4-Unit Concession Stand l 1 l l• �� 86-1021 I • pa 8G"1Q2 a 4:. I =•i jo 1:) Banquets for 25 to 25,000... The Volume Services professional approach is also used in full service catering. We operate meeting facilities which accommodate from 25 to 25,000 people for breakfasts, lunches, dinners, and receptions of all kinds. No matter whom the customer. our dedication and enthusiasm for ex- ce:lent service is the same Advertising and Sales Promotion Our continuous merchandising of banquet facilities includes direct mail programs, ad•: ernsma and personal sales contact with community and business -related o" n.zalio:is Referral Booking Na*::nal organiations baked into the Volume Services convent:cn center net:-:ork are enccura,-ed tc repeat business in other Volume Services locations Special Menus We create unique caterna menus for each iccanon that are attractive, flexible, and cover a •:ride range of tastes and budgets It A, -s N 1 _C,,4 11 iR4 a% ` 1 Volume Services... Large Crowds, Our S Volume Services' recipe for success combines a nn;:riad of ingredients that blend together to r:ng ycu the best operation Facilities Design We Sur e•., your location to develop the right c n:c:na :cn of facilities equipment and Personnel and tra:ned staffs are exper:enced pr,:fers:c-,a: resident and _ur reg:zna: a:... area ...Ne Menus and Merchandising _._ ..:e men:. deve:^p,reen. anJ me J.... .:.� _ _nniques 4 G. .. _.-.. and beverages _ !eaS...ncie CJ Operational Control •,� .0 Pater: mnana_•-men' :n- s::r= _:e•; ...rg from prcper san•tat:cn and facilries to accurate acceun procedures. Staff Support Services 'ack .;p each of our cpera%ons ::ith a `_.: c=pl.....rt of staff suppo:nc:uding Fac..:•:e� P:arming and Design. Research and �,an --;a:ds. La: -or Reiat:ens. Personnel and Insurance and Tax Consultants, to pecialty B6-1021 .I V hL 3 VOLUME SERVICES S.bs,d,ary of Interstate United Corporation Two Crossroads of Cc,mme,ce RO"Ing Meadows IL 60008 13121 398 7373 El Transworld Corporation Annual Re ort 1985 Zrcaong sharcholdc' VAIU -ff dime Re ry 9 4jr I 0 lout the Coml►auN ranswurld Corpora- tion is a di wi-sif ie,d company in fowl and lodging businesses, with subsidiaries in contract focal, restaurant and hotel services. Its principal subsidiaries are Canteen Cor- poration, Spartan Foxxl Systems, In(-., and Hilton International Co. Canteen is a leading contract food service and vending concern batted in Chi- cago. Thn)ugh its operations in business and industry, recreation services and schools and health care facilities, Canteen serves millions of customers every day. Spartan operates 332 Hardee's res- taurants as a franchisee of Hardee's Food Systems, Inc. and 216 Quincy's Family Steak Houses, its own proprietary concept. All units are in the Southeast U.S. Hilton International operates 90 lux- ury class hotels in 43 foreign countries, the U.S., Guam and Puerto Rico. It operates six hotels in the U.S., including five under its Vista International name. New Challenges ransworld Corporati has made a transition over the past two years fir having a primary focus in the airline business 1 having one in food, lodging and related busine The challenge for the company today is to grow profitably in these areas through internal devel ment and acquisitions. In pursuit of its goals of 15 percent can ings growth and 20 percent return on equity, Transworld will continue to be managed on a �+ decentralized basis, with each subsidiaryonmq maintaining its market identity and its responsi ity for internal strategy development. ;as. Through reviews of financial and capita plans, Transworld corporate management world with the subsidiary companies in planning the company's growth. Capital is allocated at the oa porate level to various uses —new units, acquis tions, share repurchases, and dividends —all directed toward steady, profitable growth. F _ m , : `� < 1/1 N a I G6A .7M '�• ref S w• - -1- • �e�F�c9cks'c�c4cs�4ek4r�::ct�c9::c4c�!c�:�k�Y4e�'e�c�c*�'e�c*4c*4c�c4:�c�sY9c�c �cir9;;Cvt� ?� The original from which this microfilm was taken was awfully poor. This is the best photograph we could obtain. �k;�s':�t��'c�tx*fix'*�c*9c�c�'c�+'c4c'l:��Y9c�cic�4�Y�c***4c�cic:c'c4c>'c9c4c*�*4e9c� r �Cal -T I r Dear Fellow Shareholder: In a year in which the U.` economy grew only 2.:3 percent. Transworld'- gwratin, earnings increased 17 percent in 1985. Duch,_ 19815. management also implemented several import,in! -lratt gic• and financial programs to enhance the %aluc of wu; investment. Net income, including an after-tax g,iii; ..ri the sale of Century 21 of $102.8 million, was � 21-.: a million, compared with $11i.0 million in 191. i from continuing operalitIns. excluding tht• : ;o I•n- tur% 21. was $1U1.8 million. compared will; million in 1984. Earnings from continuing q.. were $2.56 per share, full% diluted, up from 1 wr share reported for 1984. Earnings per share li w =s net income ruse to $5.60, fuII diluted. front ie prr� ious year. Earnings per share. but on net III, tut' and (in income from continuing operation- inclwi• - ,1 P one time charge equivalent to SO.1:3 per share nl..;- d to the redernptiun of the Series B Preferred Stock. During the %ear. we sold Centur% 21 Nt•,1' I -I'de Corporation. a nr(Av that will gi%e improved fut u- ' our cunipan%'s management talent• and enable I: - present a clearer. more compelling invesUnent �. u- a. nil to the financial nlarket�. In cuncentratillg 11. .t; lodging and related busiuesse . In Ue tuber. wt iired r interstate l nited Corporation whose food -rr% i, .1 Ic•Isllrr-little busirlesses will augtlle►11 illy all•ca,, - A�, cr-sfu) profit growth program at Cameen. In Jul: organ a common share repurchase program. an, v )et -ember. we redeemed the remaining share- ul �• i,•s s B l'rrfi•rrrd ;tuck. Operationalk. Transwurld's three major - f;. aries had art excellent year. Canteen cuntinlu d successful program to impruye margin: and c mi. rate ?V` on its less capital -oriented operation;. 5partali - t rtler • division had another outstanding year. while Ih. rin- ' cy's di%isiun dealt with lower traffic counts in it- - ' ment of the restaurant industry. In the hotel bu- -.. .er Hilton International's strungeruperating perfuru We bec•arllr evident in our financial statements fi11 as Al currencies gained strength against the L.S. dull. 1985 Highlights oil 0ctuber 3l, Tian- ,rid completed the sale of Crntur� 21 to Metropolitan I Insurance Compare for $251. 2 million in cash. M. ,agr- merit concluded that the growth potential of Centuv, , 21 was in the financial service:, area, where we felt it �t.r• indppro rialel,iri.l m 11 • Canteen acquired Ittlerslall' t sited Corpliviltilnl Ittr ;93.5 million in cash fill October 1. \\ ith annual sale- of Inure than 100 million Inter -tale \\ ill inc•rea-e 1:anteeli- market -have. particularl\ in kl-\ segnl.'nt such a- liecrealion Set -%ices. • Hi11c►n Illternalional openell ne'\\ holels ill has-a� l:it%. Mo.. and Oklahoma (:it\. Ok. Huth are operated under nl;ulagenlent t unlract�. • Spartan opened i1- .itllltlt re-lattr:ult-in Slark\ illy. 11i--is-il►l►i-find ended 19815 wilt 518 unit-. if Ia • 'li;u1-\\urld'- Board :mlhorized InaImp'lneul to l►ur- cha-c, in the tyen nl.u'kcl or ill ncgoliatl-d U;In�at'liun�. fill tfi lolls Illllboll fit III,, cfillll►.I11\•?� e•UIIIIIIuIImer 11\ i \e;tr-ending in \l,r\ 1987At [Cliru.u•\ 28. 1980. ilw had bought 2.(1 milll(fn -hare • A!. it 1ur111cl \utt• of col►tidcflcv. the Board. in Aril 199, i.1. III4'1e'l-i'd Ill,' t•fillllll1111 Ih\ Idt•Ild 1ru111 11. 111 Ito SO. 18 Itr•r v--harc..ul incrc,l-l- (f- 2l1 licit cnl. • (111 IIl-o vinli,•1'2., 11.1I1-\\nl'Id rt•Ilt•t•Illt•dIhr•lout-I.Illdlll_ -I1.111'- (it Illt' �I.tM St•llt•- 11 1.11111111.1111t• I'1411.1lt'II '-�loit•k to11 "11,IN1I11-1 !-1 m Iv 1111!.1111\IIIt Iit I -it 111-Ilnew of ill, 12. \\ fill I111-'1(1i11If mill the c.11l 411 Ibc �cril-- l : I'Icicrrcd Nils k 111 I I,'t 1-1111r1'1 letiil. 1tt• ll.l\1' I'1'tlllt't'11 11111 IlIcII•Ilf•d dif,ld,•11,1 I,'Illlllf Illf 111-b\ !.IA..i IIIIIIII1111u•I wm. ]goal- mill l tlltlfffik I.111-1\f11III 111.II1.IL't'111,'I11 11.1- -,•1 -fit111 , Il.dlcll_111_ 1111.1111.1al ofi.d- flop b11111 Ih,• h(fldlnr ro1I11ILlt1\ .Illd c.1f•11 off dw-Ilb-Idl,lrll'-. \\1 N;I111 111,11'1111'\, -11 ,III\ allil11.11 11111111 g141\\Ill lit 1.1 l►t'Icent (If. b1'll,'I..111d If, l-,llll .I clfll-1-11-111 It•1111.11 fill-11.Irrllfilde'r� 4•411111% 41120 Ilerl't'lll. \lfirc(f\cl. \\t• Nillil (o acculllloll-ll Ih1•-t• t•ill'lllllg- fibl1-clI%l-- \\Illll. Illallltalillllg our.-trilli., Ilu.uu i,ll I►o-i1io11. Bo, \c:Il t-fill orlr dl-bt Ill callilal ratio had been reduced lfi 2 1 l►crct•111. Thi*. together \\ itll our c.1-II 110-ikon t►I 1911,9 million al \ear rnll. of fird?. lls cfiu-idclablc tll-\ibilil\ for fill.nu ing inlcrna) gro\\Ih. t'111 1'Illlg ►\111'1111\IIIII ;11't1111-It1e►11-. makmg toilicr ime-t- nlf•nt-. fir accrll-rillill., the re1111rcha-t of culltlrl(In sham. 141•1 till- Ira -I -cwlal \l-ar 'li',ur-1\orld hit. .14 1111'1l-d ►wadt IIIllllfl\elnl-lll 111 oIn 1'.Illllg ral'lllllg-. a- \oil 1%ill nit11• Irfiul III,- ch.ul fill 11ag1• 2. This 11a- accorll- 1111-hill l-1l-11 Illwirh 11111/111 Illlt'I'11.111fi11.d - t'al'lllllg- Nl-l'l- Irtllll'l-d d111111r llll- (u•Il'-d I►1 t,ifrlgll clll'rt'llclt'- ►\l-,lkl-nillg ,Ig.lin-I Ihl- t .*. Ilollar. \\e bellf-w each of (fill ct111111.1111c- 1- callalil,• Ill -ohd fi101.1-illlllg Illcfilllt• 0 Vie do lim e a noel -operating factor Ihat \\ ill sic t our reported earnings gro\cth in 1986. Trans\\urld's effec•ti\e ta\ rate is ruing as the coml,am contlllete- i! transition from the highl\ caFtital-inteu-i\e airline bu .- ness to the more stable. and profitable. see\ ice suctol Our effec•ti\e ta\ rate. which was 2a percent in 1981. ruse to 27 percent in 1985 and is like]\ to react] III percent or more in 1986. Despite this transitional el: ct \\e remain confident that Trans\\firld can achie\e it- profit objecti\es in the future,. On an operatim, ba-i 'Irans\\orld -hould b, / - I'll this \var from the positi\e impact on Hilton Inl,-n - tioual'- rwuh- of a strenglhenirlg of liueign t orris] and anticipated economic grtimli abroad: the full-\, contribution fit till- Inter -late l nited acelui-Ilion III I I1- tel-n: and IIIV 1u'ofil turnaround tow are -11-1\ in_' fur it. l�tuiuc�'-. along \\ith continued success in Hardec'- A- 1\e Ilmr into 1987 %%ith it rnfirc ,table t.l role. \\t. e'\1tt'l'1 (fill' of w rat lilt" val•Illl)g- gl',1\t111 141 III. of the bottom liar. enabling Trans\\orld to relt(frt 1111111 . no•n1- in earning- per shart• to match the Itndvrl\ If, -trru_lb of our tlll'et' cum pall iv!.. ()1'gillllliltlt111i1I (.11:IIlrt'- e' \\t,llld Ilk,, ctolllt' 111t' 111.111\ t•IIII,Iot\l-t•- of llllt'I'-tall• � Illlrol ttll.� Ittlllrtl II- I11 19ii.1. AI Hilton Internatimial. Ed \lc\t•r. furnu'l I. i- deal of T\\ \ and it long-time director of li.ln-\\fight .I H1. ha--ucceeded hurl Slt'and &-Ple•idt'nt antl f'h e\,'I-uli\e fitt•icer. hurt \\ill continue to -rr\l- Hl ,I - chairman of its board tullo\\ing his retirelnt•nl trltnl I of N\t'l'11111t• 1'e�l►t►Ilslllllltlt•-. Arja\ Miller. it director of Trans\\orld -incl- 1978. \\ ill retire from the Board gal lilt, occit-ion of (f .Amnlill Meeting in April. \\r thank him Ii►r hi- \c•:Ir- (' constructi\r cunlrihtllion- to the Board" drliberatiol and \\r• %%Wl hint ►\ell in the \rat•:, tit colnr. FIII dl\. ar thank all of those todw c,lutribull-, it 'Iran-aorld�- ]]]•ogre.,- in 19r;.i-sluu'rhuldrr-. Y.i.111 1111uplo.er•- around the wirld. client. custo►ut•r- ant] trut.,t-. \\l- look lol'\\ard lib all cell befit 1' 1981►. e, 4FO4..� ��� gl(f1\III Itl I'�iilt alld bl-\find• I.. I'.t11\111 Small ClIairn►all and Chief 1' wcuti\r Officer86"1021 MitFt 1 I. 1986 `3- 0 11 I'n•-nl,•nl .uull:Ln I E�r1 ulnr I Iffi11•r. 1 ..uu=•,•n 1 .,u luq.ltu�n. 1 l'Ir-t,lrt=I .111.11 Am.1 Ew, Illm- 11111, ,•I. }lotel See ice.,. }}ilt(on hitentatimud C.O. )A I ,11.n1 mall „l Ilu• 11".11=1. I llh.-II 1utt'11136,111WI (M. u1,I t. f.,lt,111 %11•„ 1. I'1,'-I,Ir•nl .ul,t I:hl='I Ev•, ull%v I lilt, rioz . 7 77M r,- 17 t 0 0 ttt� (.anittll l:ur1111rtUiun, unr uf,tht n.ltiuli, larr- Components of Revenue V-1 '11ud >t•t'\ We t•tllllllatIW!.,. at•t•tltlillI it it- al1111•u\1- tlt,, tl\ 1(1 1u Ic t►►1 t,l"Tran•\\urld'� rt\trint. 24 percent tit - opel M11%, intulllt. and all l,rrc•rtll cll' i6 a�%eln. The cvtllpall\ Sent, till- col-ilorille \\t,rld through c;lt rillr,lncl r�rtuli\r dininr, c•u111paln c•:�fi-Ic ii1% dill \t'lldlllr I't•fl't•.lime 1t telller,. Canteen se•r%(,s IIIIII.. alY11a', and othel• rt•t•lvatiun (at ililir�: h11• Ii1.11-. nur�inr lttlfiu•�: rttirc•ultnl cunuuunitit•: I till-: c'ullt•rt•: toil c•urrtk tillal f;tt Itic ,. It a1M1 11j1� -.Itt� rr�ttu►I ;ult- told ltldrinr fac•ilitit� in natitlnal till, Matt park. and i?� lilt tall ten al vollwilliun and I� t ru11•r-. Villa loll End Inc.. it rt•l,lunlnl t 1nu- Component- (of Revenue I r,l '. 11111'l allllr I11 Iltt•,11lllllt'a �t f, .�.. atlilt all 1lvnlattl\ ''_' lltnrnl IIf"li'an�\\urld'� rr\tuut�. a.1 it'll fill Id II- tlllet.11111_ II11'u1111'. t11111•ill llt•tt'ew tit �-ILltlall- 111111- 1111t I 111'11IL1111\ .I �•It �1 h,unlnitrl•1-told 11rt•a1,L1-I Ili-1'uil,, a� \\ill a- �dl I �.Illd\\It'lt1'� alld rtllllldllllt'111.11'\ lltlnlllt lam. •1 Ill• IIl1.1111 at ('I111111'\'-, �%Ilat'lall'- 111111.1 11•-t.lu- I,11 1 11tIr1•111. Illrllldl'� .1 \:11'Irl\ Uf t111.d11\ �lt•al.-. 11,1: 1t 1 I11•d lt1.1•f I111-. t lit- k1.11 mid alld .11111)111- III., -alad. lt111 \1•_1'tallk- alld 1t1111 Ilal'. Illltlul ltII1 rll.ltilnl,ll. it Raiding iulentalitlllal Components of Revenue L11t I t ltulll.ul\..0 l tunit- Itlr alI I . , Ivinl,lltl\ :i•_' 114•Il-tnl 11l I ,111�\\111 id - ft'\t1111t' 11 114-11 till of Ili uln•1.11IM, uU fill' .tlul 32 licit tilt Ili ill a�-tl-. Ill 1llltl,llt. cll► holly artlund Ow tt-n I \\lilt a 1. 77 1 It11ufi St-r\ illy primm il\ hu,int,- tt.l\ 11.1-. Ill .Ittlal t-rota- fltull nl,ul\ u.11itul�. Ill . IIII� 1f rUra� Illt hlllt•- (t.ntltt� f171111: Illy I Illtttl 1 1 .21 : J.111.111. 7 ..1i"( : Ill1 IlllydK1110.mi. ,.1t-t:(r1-1ma11\.(1.7i:and 11.1 1 t. 0. V r , =Am 1. L021 1 sr. a 11) Food Services Canteen Corporation = = SALa cold sandw' ��ultiv�ers - 1. [ Ve j . t, `.i r L - �erving Our Est; ers a I f' y. I r Y •4T .. .i. .p �t. ALI 0 CallIvell"S operating cunlc rrc�� iii- 11). 22 and :18 percent ill 1983. 1981 and 1983 resl►ecti%el%. The 108.5) increase %%mild pine bitten 27. 1►crcenl t•wept firr the acclllisilion of Irller- st:rte I, niled Corporation. This double-di;zil profit gro ill and steadk illiprowillent ill 11re-tag nrargilrs is l:n'rek the result of it IFlree-lnlrt s1rillei,: .4 hala►lced diversification lnogmin. Using its e\l►e►•li•e in managing eonlract sen ices. Canteen has 91,11rcn in Ilea nlarkel segnlenls such a- school lunch. delicatessen- in office buildings. and food senice in correction. Iacilitics. In 1983 Canteen purchased I►refi-reed Mcal S\stenls. Inc.. the largest pro\ider(11 pre -pi ill Ilrlrc•hes to school children. CollsisleitI %%lilt managements plan. Canleen secured 45 IIeN delicatessen .recounts during 1983. .plough profits him. not nlet ori"inal e\liectalions due to all MCI' %IIpp1\ of"office space and lure► occul►anc\ rates. Canteen continue. lip see ol►lDort till it% in the rror%inr office marko. hl addition. the coml►am has success- fulk pllr-ued accounts in 1111Mlnt; se"menu of its Ir.+dition.11 hu,iue., such a- 111gh tr•chIlolop. dcfi•nse. batikiIl_, and rowrlunvio. 111�eralin^ F::u•uinr• 1. 1 11ali lilnlenl h►lirmiclirlr the /u,:�he..l yualili /curl writ, r• M lhr• nw%/ elllrlr•IU INUl1r1r•1. 1 S. 1.+►lismil- ers .Ile 1111111. .11111 111u1'r• IlIctil- imil\ 1ro111 horlle Will 1A1111cl high ►IIIA11%. uu i►•1\. and attraclke 1►re- svio.111u11 ul /►trod. II+Illllr 111 Ilse wor'kl►lace for Ill:rin ha- c%cn 1►4.4.4m • the 1lrirleil►ill nual of the dad. liecornvinr IIlls. (:ilnl►•►•ll Nils dv%t.lolled it sl►eeial cal►ab1111% to mcc-1 the +Iemalld- of its t•himplllg aml disecrninr cusloln►•I base. /'told J1rc►lllh thn►ugh increase/ nulrkel ../cure aarllp•llr•lra1lu11 it/ prulllh ll ira el.k. Canteen has mined to woh Ill loud s+•r11ce -t-gilIVIIIN %%li+•re 1141terltlal Quality People .. . 1 1 A I h au- Im a 77erj:.:ow7 0 ZIE 0 Quality Products ... clients still operate their own facilities. such as local l% school districts, prisons, government institutions. l) health care facilities, and retirement communities. In (� ^ the more mature areas of the contract food service business, Canteen has successfully marketed against competitors, and, as opportunities arose. acquired other food service companies. In 1985. Canteen's revenues increased 18.4 percent to $983.8 million. with most of the improve- ment coming from food service. vending and recre- ation accounts. Canteen achieved revenue gro%%Ih through new business. account growth. pricing. and acquisitions. Operating income in 1985 improved 37.7 percent to S42.3 million as the operating margin increased from 3.7 percent to 4.3 percent. A continu- ing strategy of diversification. a change in the bu-i- ness mix, and cost containment. contributed to these results. 1985 Food Service R ♦en&mg Revenues undudin' Inlrr-IdW t nnrdi Food service revenues and profits increased 27.1 and 7.9 percent respecti%el% as a result of higher volume, and a net increase of 629 accounts to a new total of 1.585 accounts. This growth includes. jnew business. Interstate United account., and other acquisitions. %'ending revenues and profit: rose 11.6 and 22.8 percent respecti%el%. with margins in this area increasing from 5.8 to 6.3 percent. Recreation services reported increases of 39.4 and 45.1 percent in revenue., and profits resspecti%rl%. The improvement was due to increased sale: at The Kenned%' Space Center and Yankee Stadium. plus the impact of Interstate United*% recreation account. Expansion .. . Preferred Meal Systems. Inc. revenues and profits increased 14.0 and 17.4 percent respec•tivelN. In 198,-) Preferred Meal wstenis pro%ided 42 million school lunches to students and initiated pilot food sen ice programs for the groNing elderl% population market in l%o geographic areas. Canteen's 76 franchised distributors enjoyed improl,ements in both revenues and profits. This franchised distributor system is unique in the contract fund srr%ice management industi-n and offers penetra- tion in geographical markets that othemise may not ha%e been deNeloped bN the corporation. This suc•- eessful parinership of 56 Nears provides local oNner- shill supporird b% tilt- purc'hasOlg. operating and management expertist- of it large national organization. The 1111not Compam. a producer of canned milk products as Nell as a line of chili and beef slt-N products. enjo%rd increased profits its a result Ada ne% packaging process for its products. and increased penetration cif lilt- "prillatt- label" market. KIINt i,ul'ptlt'atlull. Nlllt'II opt'ralt c'Igart ttt and t .1111-(Opt•1'ated III11-11' and alllll-elllt•Ill del, ltvt III pllllll� b.1 atlilll-. if,(, s11,1%wd I)IIIIll 1111pr11%villt•Ill .It- the Ic-ldt of it partial \e•.tl' impact of Interstate C nilt•d's I'ubhc salt-. and prlllit�. lntrrstatt l tilted Oil Octobt-r 1. 198.5. biterstate l tilted lit-caiue part of cantt-t-n and the nlerginr; of Ihr 1NU i'Ullll►.itllt has proceeded snwutlll� and un scht-dule. The acquisition of Interstale Nas consistent Nith tilt- philosophy of seeking companies Nhich clt►. l\ parallel Canteens operations and share its business mission of greater growli. Interstatrs tNo major business seglllellts augluent Canteen operating dill ision.%. expand market penetration and offer oppor- twlitirs for s►nergistic' groNih and efficienc%. Interstate l nitrd's i%o majordi%isiuns include: Buai► e,%.s ancllnetitutiuns Group. lien ing clients in: corporatt- hradquariers. financial sera ices, COM- mercial offict• buildill"s. nlanufactur'ing. 901lrrnmenl facilities. schools and colleges. health care. and comillunilN nutrition prugrain%. lulume ert ices Group. Proll ides -,.en ices in- cluding: food. ,ouitrn'r., and related srr\ ices at stadi- ums. arenas, cotii,ennon venters and recreational facilities. i I - .j M fS I Food Sei•Vices (Canteen Corporation The original frdm`which this microfilm;, was taken was awfully poor. This is the best -photograph we' could obtain. S X Food Services I Spartan Food Systems, Inc. A. AL— _ e t Cj Serving Our Customcri;l%:,,.,, 1 ople eople .. . Pe Qua ! Spartan 0 ►eralesI Units in the Southeast V.S.—the rlatio►is fastesl- 9111"'llg regioll—about double the nunll►er at the end of 1919. its first %eat' Nlth Irdnsv%or•ld. TI11, grmAlh has bern achieved through: Controlled unit expansion. With its off n real estalle and constnu•tion departments, Spartan can control yualit% and costs during the c•rilical stages prior to the ol►enirlg of a restaurant for business. Careful scheduling permits management to sel precise open- ing dales and plan such pre -opening aclI%ities as �. training and assigning unit manap-me . cash floe% and nlarl.eting programs. In 198.5). 03 units %ere _ added. an increase of 13 percent. Improwd unit Spartan*!- oper- aling profit margin in 1983 Nas 13.5 percent. its fourth highest in 25 %ears in business.'A pile the Hardrrs di%isiun achiewd it record %ear. %%Ith inl- prmv(I unit %(tomes and traffic. 4luinc%Is nIII I't, s %ere Itmer as it result of a(ke•rst• industr% conditions and gr•o%%di-related problems discussed brlm%. In _� 11 HI H: Y4 H1 Tight oprruting nuulu,eenrent. Indi%idual manaper�%aluable field experience is continuall% %tippl invi led %ilh ongoing training programs. often designed %%Ith specific curricula fur each le%t-I of nwnugenu nt. In 1985. apprommalrl\ 5M Hardee's and trluinc�'s Inanagnlenl personnel attended the,t. coul.es. Ihus helping to r\pand Spartans I►asr• of !Vjsitllo'd It•slalillalll lll'l►fl'„II►Ilill,. He%t•nues from ;parlan's reslaurant, in 10 Southeast ,tales rose to S tO1.8 million in 1985. 9.4 percent abc►e,e 1981- Oper•aling pnifils increased 6.9 H:, ►elt•t•111 (o SW.,- million. W-i,-, e�;--iaz i mm. r hm W. R ,Ojaf9Z L ShaAW 49 I Quality Products ... Spartan's Hardees division achieved a 12.7 percent increase in re%enues to $281.6 million in 1985. Hardees operating profits were $51. 7 million. 18.1 percent above 1984. The breakfast program con- tinued to gain strength during the year. Units in- creased 16 percent marking a return to more aggressive unit growth. and per store sales rose 2.6 percent to $923,000. representing "real growth" of 1.8 percent. Revenues at Quincy's grew 4.7 percent in 1985 to $183.2 million. Quincy's operating profits declined 29.8 percent to $11.0 million. A 9 percent increase in units was offset by a decline of 7.4 percent in per store sales to S887.000. In 1985. the Quinc%'s division dealt with: soft traffic in the dinner house segment of the industn, in some measure a reflection of the overall econom% and increased competition from various sources: the de- mand., of absorbing rapid expansion IQuinc%'s units tripled between 1980 and 19851: and significant changes in consumer preferences. 198.5 Location. - HI `1 H 33 1 I I 1.943 ■ ILu�i.��'• ■ ;hung.'. In both its Quincv's and Harder s di% ision.. 5partati s primar% concerns in menu expansion are qualit% control and operational feasibilit%. Spartan has mo%ed cautiou-,I%. but steadil%. to broaden the appeal of both of its restaurant concepts. During the %ear Quinc%'s added soup and hot vegetable bars. and a children's menu. Hardees added a new cinnanwn and raisin biscuit and Hash Rounds potato puffs to its breakfast program. In 1980 Spartan management H ill continue to stri%e for impro%ed unit economies in its Quin,%', dl%ision, that cumpam's high -potential growth %ehi- cle. and to maintain the strong competition position of 1 Hotel Services I Hl toll Intcrnatio na1 Co. Serving Our Customers Through I A lid: i I II ii t I t ®r - . - -- . -T T, - - 73 r Hillon Quality People ... Inlernatiunal has achie%ed profit growth averaging more than 15 percent per year for the past 30 Nears through: Emphasis on operating agreements. HI pio- neered in operating hotel properties around the world rather than owning or entering into fixed obligations, thus minimizing its risks. This was originally done through operating agreements in lease form but based upon a sharing of operating profits, and later through management agreements. As the compam grew it entered into some fixed or minimum guaranteed rent agreements and acquired the ownership of holels %here there vitas political and economic stabilit% and the prosl►ec•ls %ere fa%orable. These hotel, have made substantial income contributiunb but the majuril% of Hl'- contract: are of the manarenlent ty(►c. Operating Earning!_ ,ui nullnai 1E HI H: H1 91 H-, 5ele tier•Exlalnsio►1. HI management has always been srlecti+r in its (IVIA)lmlent of hotel projects, J,rocrc dint ODIN with those which. in its judrnlent. wt►ldd rneel a lire(] in the particular market and be consistent %ilh the standards of qualih fur "Inc ► it i► known. This has been parlic•ularl% inlportalit in the recent past. %hick has witnessed substantial o%er-l►uildifill in the hotel industr% in the l sited Stites as %ell as in some u%rrsras areas. Thrsc fact- ha%v rot. 1101MrIrr, prr�elllt-d substantial ry�,ansion b% Ill arlcl hc►Irls now under consUuction will incrca-c its roosts h� mer • 0 percent. ac colt oil ion aIt's nl. Hl*s 90 hotels are operaled b% ruanagers from numerous countries who .b�uc one ]]ling in conllne►n—Ihr% ha%v de%eloped the•ii carr•rr:.s within HI ,�vr the gars and hate been carelilll% numitored at rash stare• in then, carver all►allcrinr111. Tbrr• ha%v alsc► hall the 1► ilefil of S Oak AO ow Quality Products ... specialized training in HI's Career De%clopim-ii, Ir stitute at various stages in their career- inc'lud11i,• advanced training in their managerial capa( ili-- H1's revenues increased to $694.2 million i 1985. 2.8 percent above 1984. Operating profit- increased 17.3 percent to $73.6 million. reflecl in,L improvement in operating profit margin from 9.3 _ percent in 1984 to 10.6 percent in 1985. (),-c up,in, .� declined from 67 to GG percent. raw - Western Hemisphere hotel- ac'hit-wd .i A. 1 percent profit increase in 1985. including i►ul�r �+� �i results in Canada. South America and nw-t L.S. hotels. The Drake hotel in Chicago reported o-tih,l;u tiall% impro%ed results. Asian and Australian hotels had slight1% high, profits in 1985. The neHl�-refurbished Hung !hung hotel had an excellent year. Recessions and mer- building in Malaysia and Singapore. and fir-t full - year operating losses in the neu Tokyo pro,per-t.% restrained o%erall profit gromb in this r•egi�nr. Hotel,. Opened 1981.85 OIL. EEE ■t - MEMO ■tm MEMO MMMMMMMI European and African hotels had .%uls-t,o-- tiall% higher profits in 1985. prinraril% from thc• tl,,. . London hotels. including the renovated Londm4 1L'- tun on Park Lane. Munich and Paris also had c • ,- lent results. During 1985. neN properties. butte undo 1 f4 management contract. opened in Kansas City an.l O Oklahoma Cit% in the U.S.. representing a net in- Vol crease of about 8W rooms. In 1980. HI plans to open three, liv%% I1-.1, '- m representing 1.448 rooms in: Pittsburgh: U-ate.,. Japan: and Brisbane. Australia. L, I 44 .c .R yy y � WWI Summary of Selected Financial Data r lmuunts in Thuusands LiLurpt NNr Share AnMtunl� awl Hatiusl h-t the Yearn Ended hrcrmltrr:31. 1985 -elected Consalitlated Operating Data: �'p eraling revenues: Canteen Corporal it S 983,796 Hiltun International Cu. 694.216 Spartan Food Systems. Inc. 464.835 Transw•orld Corporaliun 8,709 I,-tal consolidated ulx•rating revenue. 2,151,556 'Iterating income: Lantern Corporalion Hillon International Co. Spartan FiHtd %s(rms, Int . Transworld Corlxtration .-I'd consolidated operating income ume from continuing uperatiuns t ontinued operations \.•I income (loss) trnings (lus) appliral,lr It) common stud. irning, I lust per share: In itwome from continuing operations: On aterage outstanding and equi%alent shares $ Assuming full dilution l In nel income: On a�ergt- outstanding and equi%diew .hare. g Assurning full dilution 1• t ideti& drelarrd on common stock S Iclected Consolidated Balance Sheet Items: 42.252 73,582 62.661 (10,3291 108.160 104.786 112.744 217.530 206,022 1981 1983 1982 1981 r 424.885 354.81: 6,992 2.55f 1,937,823 l ,834,(>U:: S 830,966 8 76 7 ,05' 674,980 709,5730,673 25.042 62.744 57.593 58.625 49.109 18.4861 (7.9601 14:3.550 98.1:35 16.894 115.029 101.261 2.56 2.62 2.56 2.51 5.06 S 3.14 5.60 3.011 0.46 S 0.30 .aunt assrl-� S 422,707 t %orl,ing capital 134,299 t.cl prultrriy and equipment, nrt 607,280 .tal a••rls 1,329,347 -•ng-term debt lrs• current maturities 152,830 '-m-urrt-nt obligatiuns under capital Irasrs 38,613 ^;.crrholdrr: rquil> 763,182 `,-Iecled Consolidated Ratios from l :ontinuittg Operations: 1;,erating incornr lu rrtrnues ?.8rlt turn on a�rragt• rquil% 14.8 t,•Itt as a prrcrnt of total capital 21.0 8 425.972 163, 738 486, 720 1,146.411 136,909 43,818 650.162 7.4c1c 16.:3 23.9 123.778 52.408 (00.0711 (7, 66:31 134.9681 S 750.160 708,970 292,034 3.528 1,754.692 21.016 61.458 39.952 15. W 11 116.436 45.190 (15.265► 29.925 5,079 8 78.5, 784 681,190 243.416 4.633 1.718.023 21,019 67.972 30.489 0.4421 115.038 52.900 ; 8,668 61.568 40.269 0.98 S 1.00 S 1.69 1.Ut1 1.(K) 1.09 8 t1.371 S 0.25 S 2.15 11.261 0.25 2.15 8 729.414 101.998 429.448 1.461.988 158.728 52.381 556.688 6. 7 SJc 11.4 30.3 S 266.457 33.442 413.660 1,448.155 245,349 63.166 843.292 6.6% 14.0 48.8 S 309.233 51 AB 430.2ta11 1, 555.973 355.990 76.666 809.868 6.7c1 2:3.1 61.6 SG-1021 M ,,- Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources At December 31. 1985 and 1984, Transworld's working capita was $134.3 million and $163.7 million. respectively. This decline is the net effect of several significant groups of transac. lions: The sale of Centun 21 Real Estate Corporation (Centur% 21 I: capital account transactions —including the purcha.e of outstanding common stuck under a previousl% announced 4.0 million share repurchase program. the redemption of the Serie B Preferred Stuck and cash dividends: the acquisition of Inter- state United Corporation IIUC): and the addition of almost S160.0 million of properl�, plant and equipment with internall generated funds. Funds generated by continuing operations (income from continuing operations plus depreciation less dividends) amounted to $158.3 million in 1983 and $I35.0 million in 1981. Transworld has a re%ol ing credit agreement pro iding finaneit capacity of up to 8200.0 million. all of which was available at December 31. 1985. Results of Operations 1985 Compared a► 198-1—Consolidated operating re%enue in- crra.ed S213.7 million 0 I AG 1 Iroill )loll. 'I'he revenues of Spartan F;,od Irlc. ISpartan) inl-rrased -S1(I,tl ulilliol 19. % 1 primarily due It 18 additional QuInc%'s and 15 addi- Iional Harder, unit in operation. Fiji- 198:1 111,- ller slore re%entle., (if Spartan'. Qn111v%*.- v nit del'1111rd , .-I"? In S887 A principall% in rrsponsr to an indu:tr% wide decline in the dinn, house segment traffic. The re\e1111e, of Canteen Corporation Wantrenl increased SI52.8 million 118.4(/-( 1. principalh from (fir acquisition of 1l C—which contributed S 104.0 million for the fourth quarter of 1985. 111 addition, revenues from the food and vending di%ision increased by $33.8 million due to higher volume,. The revenues of Hilton lnlernational Co. Ml) in- creased $19.2 million 12.8r/r) main) due to incrrase� in the a%erage rcN►m rates, as stated in U.S. dollars. offset In a slight decline in occupancy from 6717t in 1984 to 66% in 1985. Consolidated operating expenses increased $189.1 million (MY from 1984. Sparla►i s increase in operating expenses of $35.9 million (9.8%1 was primaril% attributable to increases in payro and fringe and product costs due to additional units in opera- tion. Canteens increase of 8141.3 million 117.6%) was primar ily due to the IUC acquisition ($100.9 million) and also to increaser in the cost of food and.vended products sold. The operating expenses of HI increased $8.4 million 11.417c) main], due to increase• in payroll and related expenses. Management's Discussion and Analysis of Financial Condition and Results of Operations A Liquidity and Capital Resources At December 31. 1985 and 1984. Transworld's working capita was $134.3 million and $163.7 million, respectively. This decline is the net effect of several significant gruul,s of transac•. lions: The sale of Centur% 21 Real Estate Coi loration (Centur% 211. capital at -count transactions -including the purchase of outstanding common stuck under a previousl% announced 4.0 million share repurchase program, the redemption of the Serie B Preferred Stock and cash dividends: the acquisition of Inter- state United Corporation (IUC): and the addition of almost $160.0 million of proper►%, plant and equipment with internall generated funds. Funds generated h% continuing operations (income from continuing operations plus depreciation less dividends) amounted to 8158.3 million in 1985 and $135.0 million in 1981. Transworld has a re%oI%ing credit agreement pro%iding financit c•apac•it% of up to 5200.0 million. all of %hick was available at December 31. 1985. Results of Operation 1985 Compared to 1984-Consolidated operating retenue in- creased S21 a. - million i 1 1.(►Cc i from 1984. 'The retenues of Spartan F,+,nl S%sirm.. Inc. ISpartanl illcrra�rd �1tl,tl IIIIIIton 19.4%1 piinlarilt due to 18 additional killing's an,) 15 addi- tional Harder, units in operation. F„r 198:1 the per store rrtenues (if Soil rl.ui s 4►uinc%'s units drelin,•d 7 Aci (o S88 0 pritwipall% in response to an industr% wide decline in the Jinn, housr segment traffic. The re%rrlurs of Caniren Corporation ICanterni increased S152.8 n1ilhoo t 18.4 ( i. princ•ipalh from ihr ac•quisitiun of IUC-which contributed SM4.0 Million fur the fourtli quarter of 1985. In addition. re%enues fruit) the food and vending di% ision increased by $33.8 million due to higher volume. The retenues of Hilton International Co. IHIi in- creased $19.2 million (2.8% I mainl% due to increases in the average room rate,, as stated in U.S. dollars. offset It a slight decline in cx-cupancy from 6; r/r in 1984 to 66% in 1985. Consolidated operating expenses increased S189. I million (MY from 1981. Spartans increase in operating expenses of $35.9 million (9.8r1r I was primaril% attributable to increases in payro and fringe and product costs due to additional units in opera- tion. Canteens increase of $141.3 million 11 ; .6% 1 was primar il% due to the IUC acquisition ($IM.9 million) and also to increase., in the cost of food and %ended products sold. The operating expenses of HI increased $8.4 million 11.4%) mainl, due to increases in payroll and related expenses. 86-1021. I + i• Consolidated operating income increased $24.6 million -from The provision for corporate income tax on income from c•ontinu. • 7.4% of revenue in 1984 to 7.8% of revenue in 1985. HI's ing operations decreased $18.2 million (38.1 cli I as a result of ital • margin improved from 9.3% in 1984 to 10.6% in 1985. the recognition of tax benefits generated k TWA. The dec•reast i� rt' II M. t b i st 1 I 1 d f .sac•- tury of A . cries tter- all� s Other charges (credits) increased bN $8.6 million (54.47c I dur lirimarih to two fac•ton. First, a 1984 credit of $3.2 million due to an o%errslin►ate of losses from Transworld's ownership of Trans %orld Airlines. Inc. (TA'AI for the month of Januan 1984 and wcund a decline of $3.3 million in interest income for the full war. despite an increase in temporan cash investments, pri- marih due to the proceeds received from the sale of Centun 21 net of fund. used as discussed alx)%e under "Liquidity and Capital Resources.- which t►cc•urrvd in the fourth quarter of 1985. Thr provision fur corporate income taw on income from confirm- u►g ulwratiuns increased $9.3 million 131.6%1 mainly as a icing rr.ult of net operating It 1►enrfil� generated by TA A and at utilized b% Trans%orld in 1984 and increased foreign taxes. Earnings per common share from continuing operations de- rrrdsrd to $2..% in 1985 from $2.62 in 1981. The decline in rarninl_s per common share reflects the increase in the weighted in- mt-rage shares outstanding partiall% offset by a reduction in the of prrfrrrrd stuck di%idend requirements. The %righted a%vrapr ion •hares in 198.i increased b% 4.1 million to 36.4 million shares li- dur to flit, comersion of .Series C Preferred Muck in 1981. 7.000 !VH1 Cuntparccl1,, 198 i-Consolidated operating rrvenut, in- rrdsrd 8103.8 million 6. 7 ii 1 from 1983. The rrvrnurs of linnrr ,I,drtan inc•rr•asrd $ 70.1 million 119.7rh I dur to 35 additional to ;huncv's and 1-1 additional Harder. units in operation and rorn for mf redses in menu priers and per store %plume. The re%enues of f for I.anlrrr► increased $63.9 million (8.3rh I. princ•ipalk resulting ft►t►cl from higher %ulume in the food and vending di%ision. The �hrr •e%rnur� of HI declined $34.6 million 14.9c/c I. mainly due he •' a drelinr in food and I►r%eragr re%enur as %sell as unfa%or- ,hlr furrign exchange dur fit the continued strength of the fight .... dollar. 0.5%1 '"nsolidatrd operating expenses increased $84.0 million (4.9% I n'm 1983. Spartan had file largest increase in operating costs. 3' r v,(t.6 million 119.8 ii 1, compared to 1983. mainl% dur to ra- „lumr increase:. Canterns increase in operating expenses of ra- 'i8.3 million 17.9"h I was primarily dur to an increase in the imar- ",I of foutl and tended products and increases in payroll and utgr costs. Thr ul►rrating expent n. of HI declined $39.7 r 1illiun (6.1 rk I. mainl% dur to decreases in payroll and fringe fairly ,1,ts as arll as decreases in cost of sales. .onsolidatrd operating income increased $19.8 million -from .8"/i of rr%rnur in 1983 to 7.4% of revenue in 1981. Olin charges feredilsl changed fa%orai,l% b% $7.8 million 1'2.9% I. principalh dur to a $3. 2 million o%erestimatr in 1983 i losses from Transworld'• ownership of TWA for the month of ,nuan 1981 and a $6.8 million decline in interest expense. artiall% offset b% a $2.6 million drelinr in interest income. . pa to % o se .1 mcrea. et, . d r, oca an ure►gn tax provisions due to increased profits and b% the effect of a 82.6 million 1983 provision underestimate. Earnings per common share from continuing operations in- creased to 82.62 in 1984 from SO.98 in 1983. The fa%orable impact of the increase in income from continuing operations was parliall� offset by the increase in weighted a%erage shares. Outstanding shares in 1984 increased b% 7.5 million (26.6ric I tt 35.6 million shares. The additional common shares did, litm- ever, ha%e a positive effect on debt as a percentage of total capitalization as did the S37.8 million net reduction in debt in 1981. Impact of Foreign Operations HI conducts a substantial part of its business in foreign coun- tries. During most of 1985. 1984 and 1983. the strung C.S. dollar versus must foreign currencies had an adverse effect on the results of HI. During the latter part of 1985 the declining valor of the U.S. dollar, which on a%rrage finally weakened belo%y the previous %ear le%el in;rptetnber. lessened the adyrrst impart of foreign exchange on the results of Hl. Revenues and ryprnsrs of overseas lintel olcerutimns decry-asrd to the extent that tile% ►%ere generated in foreign currencies which during 198.5. 1984 and 1983 Men- worth less than in previous years. Currespondingl%. net income and di%idends remitted b% these o%erseas hotels also decreased to the extent that the decrease in rrvrnurs ryas not uffsrt by the decrease in expenses. In 1985. HI reported an exchange loss of S4.8 million compared It► exchange Josses of S 1.2 million in 1981 and S3.6 million in 1983. Discontinued Operations In the ac•c•ompam ing financial statements, Centun 21 is reflected as a discontinued operation in 1985. 1984 and 1983, and TWA is reflected as a discontinued operation in 1983. Inflation and Changing Prices Fur information un the impact of inflation and changing prices on Transworld's rr%enurs and Income. see Note 15 to the Cumsoli- dated Financial Statements. Y Statements of Consolidated Income and Retained Earnings (Amuunt% in ntpusan& E%tvpt Per Share Amounts) 1984 191 $1.937,823 $1.834,0( 1.794,267 1,710,2 143.550 123.77, 22.242 29.01 (15.944) (18.50 9.552_ _ 13,11 _ 15.850 23.61 1W.16 127.700 29.571 47.75 52,40 98.135 16. 8' 11 7.80. 1 - 1 1 '2.551 - 155.32( (7,66". 115.029 - 284.80L 18.65(►1 - 09,2871 119.795 _ (4,2M 1 (257.351 - - g 82.888 - 8 2.62 2.51 & 0.9v. 1.00 3.14 11.37 3.W 11.2(. Y� T Statements of Changes in Consolidated Financial Position 3m..Iml• III Thm..mikI r...1... \....._ F... I...t 11........1.... 'tl Funds ProN ided bN : Income fnlm continuing operations Add (deductl noncash items: Dellreciulion and amortization of prglrrt%, including (•al)i►al leases Amurttzation of intangible assets Deferred incumr tax pro%ision (creditI 011iel Ioperation-: Cam on di!.IN)sal of Centun 21 Ile•• alllllicalllc incumr tax of 852.4621 Nei change in imrMmt•mt lit Centun 2 1 IAlssr­ from TW 4 Decre.t-e in im"ttnemt in T\\ Di%idend drelarrd-ryuit% holding in T\\:1 1• Hance of cmnlmun Mock I:Ilmnum Mocl, issurd in (it -lit rr,Irurturill" LA-m -lerm (it -lit i.,surtl \rt INNII, %dlur of limpem (kptisllioms \rt trtlrwall/ed furrlgll exclldllgr (gallo III- un f1wil dssrt. and Ilolg-trrnl delft. including I allital Ira -ram I Ilhrt 1985 E 104,786 66,8;1 10,030 5,i81 _ _89.1 188,302 102. 7. 50 120.619 29,545 6.815 (9.;;41 .911 III, tvamr Idrerra�rl Ill: AI -room- pa%dlllc and iccrurd liabdlllt•- 38.081 (hhrr mint urreml Ilallilitir• and deferrrd crc•dils - - - 29.764 514.166 Funds I red for: Ih%idt•nd lid%illholding in T%\ A 14u1n•r1% addlliom. IAIng-Iran drbl lld%meml- and callilal (Vast• obligations discharged horrign currrnc% adju-tnlrml I.ash di%idrlld on callilal Much Immer-ion and redrnipliom of llrrfrrred sloch Ilurchdse of tred-tin sloci, .m rrd.w Idrert•a�el 1t1: E" .: lir(•ri�ahll••. net Imrnlloirs Oilier cunt•tll d-cl- . ` (Idler dsa t Increase (drereasr1 in Cash and Temporan Cash 1Mrbtmrnt..:. �T� r and teml►orari, cash iniirstments at: 86-1021 186.899 31.836 (9,945) 23.400 50,168 43.58, 27.051 14.005 5.69( I _8u.831 454.122 60.041 1981 S 98.135 57.154 i.652 17.2041 13.1501 -- 152.581 12.879 4W.379 1a1.��I 63.81 .012 9.615 14.46(►1 42..i8 7. -- (7.4191 8:i1.,53 4(N 1.37X) 13;.231 101.29.5 6.559 27,937 124.530 5.22 324 860 4 7.5_i4-- 851.882 120.1191 1983 S 52.408 51.26a 6.36 7. 2.505 _ 2.366 - 11 ; .96M1 (6.5191 167.8i61 84.15 14(N).3; 91 80.310 10.911 33. i(I(1 1.5.112 9.203 3.98 14.5111 i0o.4.i; I 14(NI.a;91 99.3.52 130.098 ,.445 19.;95 1.2w 12.0 8t _- 14_651- _ 1121_9781 55..52I -- 136.8411 - 156.969- 101.448 �3 lam. - Deceml►rr 31, Assets Current Assets: Ca.h Temporary cash investments, at cost (approximates market 1 Receivables, less allowance fur doubtful account, of: 1985—Si.690; 1984—$5,310 Merchandise and supply inventories Investment in Centun 21 Other Properh Prol►rri% owned tat cost): Merchandising equipment Land, buildings and impro%ements Other property and equipment Total pruperty o%ned lass accumulated depreciation Pn,l►eri% owned —net ------------------- Property held under capital lea -es (at capitalized valuet: 1985 \,a, 18.145 178, 739 129,071 80,589 16,163 ------- - 422.70 200.015 394,395 273,050 867.400 -- -- -- --- — - ----- - - 290.391 577,069 Wrchandisi rig equipment 7.246 Land• buildings and impro%ements 57.284 Other prul►erly and equipment 121 Total property held under capita) leases 64.654 Less accumulated amurtizatiot► 3.1,44_3__ Prvl,rrty held Under capital leases —net --- -- — _ -_ - - --_- -�_ 30,211 - - --- - - - - - — ---- -- -... -- 607.280 Other Assets: Goodwill Other lung -tern► in."tn►rnts Other tier .'lutes to Consolidmed Financial Statements. 149.879 88,601 60,880 299,360 i1.329.347 1981 S 34,847 101.99.3 102.020 65.984 110.655 10.473 425.972 162.855 314.722 216.552 094.129 243_338 _ 450.791 16.757 57.730 131 74.618 _ 38.689 _- 3..929 - 486.720 82.397 93.516 57.806 -—233.719 $1.146.111- z- Liabilities Current Liabilities: Current maturities of long-term debt and capital leases Accounts payable Accrued salaries and vacations earned Accrued taxes Accrued rents llthrr Lang -Term Liabilities: Ling -term delft. less current malurilirs Noncurrent obligations under capital Irtisrs Deferred incomr lazes (filter noncurrent liabilities and deferred c•redils Commitments and Contingent Liabilities Shareholders Equit.: Preferred slc►tHithout par valor: x Authorized shares, issuable in series Uulslandinr: f series A--92.(NI cumulative c•omertible. limited wl{Il�rl,: K . lharr► at staled value. 82.50 per share Liquidating preference, 850 per share Sairs K-81.9ff cumulative noncon%emihle, limited voling, no stated value: c* I' �harrs at redemption value, $'20 per share y; Excess of redemption ►slur tner cam inr valor Liquidating preference, $211 per share t:ottnrlon 414141k. 85 liar value: Authorized shares Issued Attires at liar valor Capital surplus lureign current} adiumnrrnl hoained earnings Trvasury stock fat cusp tie o:; a 1985 1981 tAmouwt inThmi-dnd-t 20.000 20,0(N1 1.015 LOU) $52,271 852,2 75 2.512 i — $50,159 75,000 75,(N►) 35,728 35,598 1,140 — 1985 1984 8 12,021 1 8 23,931 91,394 90.820 48,654 37,738 47,159 27.402 19,069 20,985 70.111 61,298 -- 262.234 288.408 ') 152.830 136,909 1 t t 38,613 43,818 2 42,496 14,212 43,818 39,076 _'.Itt.1 I.Ia 277,757 231.015 2,6)4 2.61.1 — 50,159 I4,752► 178,639 386,864 (33,596) 272,248 (43,587) 763.182 81,329,34, 177.990 384.801 (43.5411 8'2.888 650.162 $1.146.411 ss-lo21- Notes to Consolidated P>tancial Statements For the lrars F:tldrtl Iteerrntn•r :31, 198.1, 1981 anti 191i.i ■ Note 1. Summary of Significant Accounting Policies: (h) Pension Plans. Accrued lwiisiun cost is funded un a Accounting policies and methods of their application that current basis except that prior ser%ic•e benefits are arnortize significant!} affect the determination of financial liosition, and funded over periods from ten to 40 Nears, Set- \ote 11 ft change.% in financial position and result., of operations are as further description of the plans. folio%,: Note 2. Income Taxes: (a) Consolidation. The consolidated financial statements in- clude all significant majority owned subsidiaries. All significant intercompam tran%ac•tions have been eliminated. Trans%%orld's investment in Centun 21 i. accounted for by the equit% method. See Nine 3 for a drscriptiun of the disl►u.ition of Centun 21. (b) Property and Depreciation. Prol►eri\ and equipnnent o%+ned are depreciated princ'ipalh on the straight-line method on an annual bads. Pn►l►er1.\ held under capital (rases tat capitalized %alurl is amortized over its estimated useful life. limited b% the lease 1wriod. The fullwAing estimated useful srnice lies Herr in effect during 1985. 1984. and 198:3: Merchandising vight to ten %cars Suildin):--Thent% to fur% gars Utter equipnit-nt—Tv%o to fifteen %ears Lea.rhuld intpnnrmrnts—F airnalyd useful lift- limited b% the lease period. (r) lniwntories. Illrn•handisr and sulyl\ in%eniurirs are ►alued prirnaril% at the I(mer t►f a%rrage cost or market. (d) Goodwill. The una imoizell excess (if cost u%er the fair %aloe of net IdIigible d,•ets of c'oI1)1)alies acquired is bring amortized over a 40-%ear 1wriocl oil the straight-line method. [)urine 198.i. 1981 anti 1483, S:0O7 ; ,(MM), 82,5G1.W0. dud S2,470.0Mt, rralrrc'll%rI%. %vre charged to income. Good%III asstwiated aith the acqui,ition of Centur% 21 is included ill the results of dl.continued uprratiuns. Amounts so charged are as follow.: I985—SI.-,01.(MX): 1981—$2.012.(M and 1983—IR2.0390MI. (e) Erunchise Rights. The rust of restaurant franchise rights is amortized rawl,1% over the lilt- (if the franchise agreements 120 %rdr-1 from the date retail restaurant operations commence. Agreement.- ctneritng I►rrsrnt uprrating locations exl►irr on %arious date. from 1986 it) 2OU,i. Certain of these agreements du not contain rrite %al upliurts. (f) Pre -Opening Expenses. FxI►ense. incurred in conjunction %%ith the ul►rning of hotels are drfcrred and amortized. genrrally over five yrars. L)% charges against the uprratiuns of Il►r regwc- ti►r hotels. (R I Income Tuxes. Tran.rvurld and its qualified sul►sidiarir, file a c•utlsulidalyd Federal income tax return and account fur imestmew tax credit., un the flow -through method. tier Now 2 fur a further drscriptiun of Transaorld's accounting for incumr tags. W. Transworld and its qualified subsidiaries file' a cunsohdaled Federal income tax return. A summan of the pn)%ision for income tars is as foll,ms: (Amount— in Tlun)-end-1 1985 1984 19 Current 17efrrrrd _ Prot i,imn for inform• ta%r- un runllnwrlF t4jerartons Tat pru%Isiun (lrrnefllI from uprratiun- of di-rnnitlmed -r �tllr9tl•: TN A Centur%21 Ta% Iint%tciun un Fain utt halt- of I .rnlu_n 21 Tirlaltrro%rsiunlot '-- i111'41nle• ta%r> $33.1211 S:16.775 S4.1.2 5,781 (7.21W 2.54 38.901 2'j.. i71 47.75 — 133.49. 3.397 2.024 it). 18i 594.7(dl S.i1.1ttN1 r'�4.414 For 1981.i. 1981 and 1983, foreign invollte %%hich gi%(•s rise to foreign income taxes represen(:- aI)I)roxlmalrl% �15. 700. MMI, $50, 7(M .O(R), and Q4:3.3(K).(XX). rrsprcti%t-l%. of flit, total in- cumr before income tags. The current pro% isiun for Federal and state and local invul ne tags includes taxes pa\able b% sub•idiar% cor1wrati(Otis Which are not includable in the Tran�%%urld cunsolidated Federal incumr tax return. The current provision for fort-ign tags relates I►rinnaril\ it, NI. An anal%sis of the current incumr lax provision is as IAtrlounls nl Thuusand-t 1985 141:1 14F;.i Federal: G ru— flirt o1wralinf loss ForriFn ta% credal _ Imr:•intent w% c•redtt- - Net c'uorlll Frdeta) - — S141'. and Itn al Eorrl►m- -- -- Current incumr ta% pnn islti n on runnruml} ulrrralltinN Currrltt la% pnr%lauan ItK•nrfill distow uutii st•gmrnt• 7irlal curn•u) in- umr ta% prn% imwll S 19A) t I S141.811 I� 39,624 — I04.3811 — 118.5t111 112.1)210 113.6131 691 - 15a.It, I1 (3.7441 381 1 u.:3c H 22.222 4.894 7,SM Mkrl 2'.812 1H. )(it r I 167 33.120 1 :36. , 7-, 1 45.250 - 30.956) --_3.348 01.578t S 64.076 1 : 40.17.3 1 24.672 K�� # st;— The deferred income lax provision results from timing differ- At December 31. 1985. available foreign tax credit carrfon\ards ences in the revogniliun of revenue and expense for tax returns aggregated approximately $20.600.000. which if not utilized and financial statements. The source of such timing differences in future consolidated Federal income tax returns, will expire dnd the tax effect of each are as fulloas: as fullows: 81,500.(MIO in 1986. 32.100,000 in 1987 and i %mounts in Thmmand•1 1983 1981 1119:4 314.0(XM IK) in 1988. I;nl dr•fern•d 1.1\ Jrning fnmv At velerdtrtl dr111e1 ldtitln S 7.581 F 4.159 S 4.605 t•df 111J1 lydsr do 11,11111111} (801 I.i1121 l i11 I),n't•t ftndnt 111f: Ir.1•r. 23.1121/ 187.37111 - 111,IJllult•n1 nulr In1rn•,1 4.619 (4. 411 - Oiber lrmmp dl(lero-m r. 4.351 15,5131 11.31)(11 I,n1.. drlt•rml it-dryal ldt 39.5M1 19:i.8.i111 3.423 Ta\ lwnrfit from TA 4 19.3281 1H._"I - F.Irt'tfm td\ t n•dlt• 12.1911 12.621 - Ime.lrnrnl td\ t rrdlt•_ 123.38111 --. --- 53.4M _ _ - -- - - -----� I►r•Irrm) Ir•drrd! mrnrnr Id\ f1T 1\hplh It redll l 4.652 1y..11181 3.423 110-wed •IJI,' dlld I.,, .d 111,'miw w% form i.1„ It 1,21K1 L I9. 35-) Ilrferrrd lon•1}n i ntornt' 1a\ pn1\ I•oal itred111 (7 71 1.107 11.2":f l Porned uo�umt• 1J\ ftn,tls11,t11111 ----, 1 onlnnnnF of 1rrJ1 a 1n• 5.781 1 ; .2041 2.511:1 J ►r'fernYl la\ IfM•111.1111- I11•1lglllllllr,)•1'I;tllrlll- -- 21.t413 II.36,11 -12.73:i1 1"tJl dorrtrd tit. tan, ta\ flnllt-t„ni,n•d11i IF 311,681 S 1H..i7.11 c 1221i1 Ifrfrrlrrl int'ultlr td\e.� art. Ill, lmh-il ill the balalllt•r ►11ee1• a, t1111t 1\\•: • �mounl• m Th„u•.nui•1 198:i 1981 I I111t•t i urrew d-•r1- >< 12.341 I ; 9 Uelt•rred mromr late. - -- - --._- (4-1.1901 114.2121 b,l,ll t I �1.88" 1 Q I 11.2n3 The diflerrncr belNren file stalutun Federal income tax rate and Transaurld's effrcti\e tax rate is as follows: 198.1 1981 198:i •I.dulun rdlt• 46% 461-,t Rifle-rrewr rr:uhmg fnnn t unllnuing nlrt•rimon•: Ilnr•IIIIr111 ld\ vfrdll` (It►I - %idt1• dnd tllcdt Id\rl., nel of federal int-wnl• Id\ Iw11411 2 4 Effe-1-1 of barifan .tnlrt•t• 1111 41111r dllll (orrl$ll Id\ rre'd11• (31 11 Tat I11'nefil frurnT'1l 1bl 1411 %111.1r11/J1t1,11 tit FYMMfN off dlld 111111•F 11e•nn.1111.111 dll• frrrm r• lwimo-vi1 dir Id\ rrlunl JIM 111P. 1.IJI1.1111.111 of cttllslllid ord tut utitc 4 3 I II1Y 11\r l.t\ rJlr 1111 r111111111111141111rIJlln11. 2_11' 23 Y Note 3. Sale of CenturN 21 Heal Estate Corporation: Un Oulober 30. 1985. Transworld's stockholders appro\rd the sale of Ceniun 21 for S251,2(K).(MM). The accompany ing Transwurld financial statements present the financial position and results of operations \\ith the impact of Centun 21 segre- gated and condensed. The revenues of Centun21 (which are nut included in consolidated recenuesl were as fullu\\s: For the ten months ended l)clober31. 1985: Q6O.0()6.0(X): fur the \ears ended December 31. 1981. S64.132.(KK): and 1983. 855.230.(M O. Note 4. Acquisition: Oil October 1. 1985. 1rans\\orld acquired and transferred to Canteen all of the outstanding stud. of IL C for S93.5(K).(KM) in cash. The resultant co-4 in excess of net assets acquired of approxinlafel\ $63.3(M).OW is being amortized o\er 40 \ears on fhe slraigbl-line method. filr• fiscal \cars ended I)t•(•rrnl1er- 31. 1985. 1981 and N83. Trans%mi-It's prtlfurma re\enues. in- cludin", It C. \\dull ha\e been: S2.4,62.156.1KM). S2.339.123.(MM) Mid S2.213.883.(MMI. Note 5. Separation b% Transworld of Trans %irld Airlines. lit(-.: Oil Februan 1. 1984.Transuorld distributed all if, equity holdings in TA.A. to 7ransworld's e•ontnon stoc 1,bolders, The accompanying financial statenlenls present TWA a� a discun- tinued operation in 1983. Trans%orld's investment in TWA at December 31. 1983 sit. recorded as a di\ idend payable In a charge against retained earnings in the full atnounl of 8256.24O.(MM) existing at that date and the remaining balance of SI44.139AMM) was charged to capital surplus. I 4Z� ' x. s" Null'• ttl (.tlntlIII lall'd 1'•IIIaIII'IitI �latenll'111- II „I11111UrI11 Note 6. Foreign Currency Translation: Fullowing is an analysis of the changes in eyuitl during 1985 and 1984 fur cumulative translalion adjustments: tAn►twnt m Thuusand-1 1985 1984 Kalitnl•r at Januan 1. $03.3111 S136.y821 Aggr+'Fate atllu-anew fur Ihr 12 month- rrided Ilet•em11t•r 31. rr.ullmg from III,• Iran-idluln u( lurrt�n rurrrnrt slalrmvnlr 9.945 16.5.i91 list an, ,' at I►ccrnlVl, r 31. tF133.591)1 i143.511 I Note 7 . Capital Stock: Contrrton %Io k issued during the tear and reserted fur contin- gent issuance a1 December 31. 1985 and 1984 are as fullows: Numllrr of Share* Issurd Re-enrdlal -_- 1 kmonnl- it, Th,nl-:md-, 198i 11o: t 1985 1981 f.nt{flow'. satut}• t,lan-1V.1 - - 820 8211 f.%rr, 1-r ur 4unterunl uL ftrelem•d -ItA i,: '-wrl - 4 - 1 738 7:38 lrrtr•- 1.1, 1 - 4.-'w1 -- - sl,a i, pun lla-,• %arrant-. 1981„i11 - 3.037 - - 1487tr1 - 2 1.798 1.-48 f.nq,l.,tr, -I'W k ul,n.•n• 1:311 59 2.6:ty 2.82'I fill rolm.(will lt•11-d 11,111111all - 203 2rt.1 I it I A. III tht• clv-r of ltusinc s on December 28. 1983. thr reconl dab• for the distribution of 7ranswurld's equit% holding in TU A. Ihr uomrr*ion ratio of lranswurld's -series A Preferred duck was adjusted from unr half to one to 0.706 to unr. (h) I. nder the plans the Trustees purchase prrt iously unissued c4immon stud. burn 7ranswurld at market %slur or, with the convent of Tramtvorld, purchase common-tt►c•k in the open market. (r l flit Oclul►rr29.198i .Transwurld called for the redemption of all its uuta.tndlng'wries C Preferred Sttx'k. Each share of -st-rles C Pre-fc•rred Ntlrk was c'umertible b% thr holder into 1.412 shares of Transwurld'.- common stcn•k until Nt►tember 26. 1984. As of Dirt ember 31. 1991 dppruximatel% 3.1080)0 shares of aerir, C Preferred Slcx•k were converted into appruximatrl% 4.3890110 --hart-- of common slcx•k and appruximairly 100.(1(K) share, of 1t•rle- C Preferred Stuck were redeemed. retiring the entire Issue. (d) On October 4, 1984, Transworld announced the accelera- tion of the expiration date of its 1986 warrants from the orig- inal expiration date of October 1. 19W) to Decernher 3. 1984. As of December 31. 1984 approximately 3.037AW warrants were exercised and approximately" 3.037,(XX) shares of com- mon stock were issued. The remaining balance of approximate: 32,(XK) warrants hate expired. (e) The holder of a 1987 warrant is entitled to purchase- one share of common stock at a prier of c 18.06 per share. subject t' adjustment wider certain conditions, until Januan 15. 1987. (f) On December 23, 1985. Transw'orld called for the redemp- tion of all its outstanding Series B Preferred Stock for cash. As of Decemher 31. 1985. substantially all the 2.512.(>•4(t shares of Series H Preferred St(K'k hate been redeemed for the WAX) stated redemption price plus accrued dil, idends foran aggregate redemption cost of 850.554.(riK) retiring the entire issue. On October 25. 1984. Transwurld announced an offer to exchange its new 111/4r/c subordinated debentures due June 1, 2(X) 7 for each share of Series B Preferred Stock. Approximately 2,000,M) shares were exchanged for the debentures. Changes in c•onsulidated capital surplus are as follow,.: 1 Amounts inThousand-1 1985 1481 Mi RaLlnt r at Januan I. $381.Ho1 F27i..ilhl f2l 12.,22 filmdroduf'I'%1 t - - t144.)391 NO 111`104'rl•11- ffnlll Ihr na1,' Itf t'0111111,111 --im k III rv.t! ul {far \slut' - - 65.:352 Comerlon- 44 5Q and 1 _'i ltultnrdtllalrll dr1wolun - lit rtl•r-, of Ilar tdlut• oft u111111u11 spit i. issurd - - 58.5t2b Cunterlun of %writ-- C Preferred Stuck and exercise of 1981) wsrranl- lit excess of liar talus of t unuuun slack I'-urd - 117.642 - (hhrr 2.0441 - 18._3381 38 8I.Holi 3.09 - - Ba1am a at 1lrcrnthrr31. S386.861 Various lode dgreements place certain reslriclitr ctnenant-- (in Transwurld and it• consolidated sub:idiarie.. including certain requirements a,., to pa%n)ent of dividend. on c•ummun stuck. Payment., including the pay meni of dit idends. to Transwurld ht its subsididrie. are also restricted bt Various loan agreemen(s. Under the most restrictive of these agreements at December 3), 1985, Canteen, Spartan. and H1 would hair been permitted to make $13,607,0(x), 880,644,(10(1, and $l 1.5940M. respec- tivel%. of additional pad nient. to Transwurld. 1 . Note 8. Earnings (Loss) Per Common Share: Earning, per common share are computed as fulloa,: I Amounts to Thousands) 1985 1984 198.3 idlu-tmrnt it \rt Inc Ilmt Net mcnmras rrllllrtrd S217,530 S115.02Q ,' 1,.6031 Rrdut tiun m intrtr-t r pr•n.e• fill the a.-Ilroed r►erche• into minion sltw i, of thr 1481/ warrant- — 5.4 .1 + Ilwtluct dinidrru3 re•ctulrerrlrntt• on preferred elol•It and the amortization of the ru•r�s of redemption valor oiler caming %slur of 4•nrs H Ilrefr•nrrd Sit, k (11,5081 119.2221 1:o.8471 Incrrasr in dig tdrnd requirement- for the a-sunlyd "rn Isr into;e•nrs II Preferred Not 1. of the 1987 ltarrants — Adlusled rle•t uu'umr applicable to d%MWe uul.ldlulnlg and equnalent common .hare. 206.022 101.261 131.1NI81 4d1u-trnent- a-suming full ddutlow Rrllut lion in Irllrre-1 r\llrll-r for the n�Wmrd cumernlon Into c•ummun kim k of: ,it, delw•nlurrs Isplo4l 14e1'1 — — 3:3'2 12 +• delienture- rt.sued ["I _ — 1..i75 Krduclu.rt of lwrlrrrr•tl dnulrod requirements for IL.umrd cun►entun of t•umrrtthle preferred slot i, Into t ommon .t.w {,: Srtlt•- A 2.1191 2.I w+1 �r•nr- 1--- -- -- -- - - ---- - — 7.821 Adlu-trd ne-t earnings as-umilg full dllutlorl $208.113 c 133.0611 S111.173 idjiustr Irm of conlllluo and rgltl%dlrlll Illdtl'-: A%rrdj:t• summon shdrr- out-tdndlllg 35,628 28.8(M) 27.201► Aterdgr trod-un -hare- 13151 — — As+umrd comrhum of common -hw k into h nt­ I I Preferred "Ilw k — — 11.81N11 A..,unied rwn I— of •Itw f, wdrrarlt- dill] UplNutt-_ _ _ _ _ 1.076 .3.351 .34 li•Iel dtrrdpt' out -landing and rclunalent volninon Alan'' 36.389 32.2.1i.i -25.511:3 4diu-Inn•nt- d--uoillip lull dlluhon: A --holed eu•rt Pe of -Itw 1. %arriots and uldlull- 61 44 2i Al]l]lr...I1Jl .I1rrap, . nrlmum -lidrr- rr-uhing fnlllt Iht• a- 1111I d nllcrr-lull Irll..l urltllwo3. ol: 5ri th•Iw•nturr- 1--urd lf,401 — — 132 12 K dellelllurrs I--urd 140, — — 587 Pre•fertrd ?bw G \I•nrs A �38 7:38 ;rfir- C 4d1u-tr•d dte•ra •.' , ommon -hdrr- a--umul • full dlluu111 ')•\.. ddlu-Lloent I. made .Inn r the rffrt I is anttdllulnc. Sri- lute 7 for a description of the right, and privileges of p oulslan ding, comertihle .rcuritir,, ►+arrants did options enter- ing into the cornputaticrn elf earnings leer conunun share. The lrra-un %lock nletboll is u.rd to calcudalr the dilutite effect of flit 198" Ndrranl. and uulaanding stock pun•hdsr opilons. The � • fix ralt ust•d is 'kt"/i fur incunr front continuing operations for IYM. The tag rates, used art- 0.0% for incunr from continuing operdf ions and net income for 1984 and 6.9% for net income for 1983. Due it, the redrmlHiun of lbr Series B Preferred Stock net ittconit d1lailahlt to common shareholder, has been reduced b% the unamortized portion of the excess of redemption value utrr earn ing %alur of Srrir. B Preferred Slack, thereb% reducing earnings per share on average outstanding and equivalent Aare, b% apltruximatel% $0.13 fur the �rar ended December 31. 19li5. 66-10� it w - r ,...,. 1.1 jI 1 1 i \„tl , lit t:onsu1i11atcd Finanr•ial '�tatt-nit-nt• 11.lilt inul•,li Note 9. Long-term Debt: (f) A re%olv ing credit agreement with a group of hanks permits Transworld to bc►rro% amounts up to 8200,0(10.000 through Lvng-ternt debt outstanding is as folio%s: March 31. 1992, and reduced amounts thereafter until Septem- lAmuunts inThuubwidst 1985 1984 her 30. 1993. Borrowings ill domestic dollars mill bear interest Notes, 91/♦ 6 due 1Qttt,-44 t 10.41MI & 11.550 at either the prime rate or the certificate of deposit rate plus an Note.. 5Vi% to 6b,r%i additional 1/ of l %. through September :3O. 1989. and thereaf- due 198t�I"hel1j:t 13,1K111 11.137 ter to maturil% at either the prime rate plus an additional 1,/u of !lout.. 1t1 T it, 12 ,i due IQW-201uthltp 9.598 10.t,74 1% or the c•ertifwate of deposit rate 1►lus an additional of Mlle.. 12.18'S% due I►ft►-M.1, 1 12.18u - 1%. Eurodollar burromings will bear interest at the Lun1111n _ Suhordindlyd drl»•11lt1rr•. HK4 Interbank Eurodollar Market Offering Rate (LIBOR 1 plus l/rs of due 1WJ-1IAP4t it 30.792 30.232 1% through 'September 30, 1989 and thereafter to maturit% at SutKlydutetrtl drlwnturr•. 11', Ire LIBOR plus 1/2 of l9c. Fees are paid based on the a%ailabilit% duo- 19Q8-2l Ie1 34.571 33.523 and utilization of the total commilrnent. R •% .hm rrethl a rrrntrmlfl _ _ t1 F F Auer,. due- 148.i Sundn mdrldrdur>-IF1 Tahl -, lr-- 1 urrrot matunur,lht - - 161.73:i 8.tM13 S152.831► 9.tKK1 49A40 155.7 e,2 F 13o.41r1 (a) The notes arr drnominated and payable in S%iss francs. (b) The notes are droorttinated and lla%ablr• ill Canadian dollars. (c) The now., are denominated and pa%able in British 1►uunds. (d ) The 1(I r buix,rdinated debenture.,. %hie•h acre issued in 1979 %ith an efferikt- rite of approxirrlatt-1% 1:37c had uncuu,tr- tizrd origindl issue discount of S5.383,(NNI and S 5.913.(XNI at Drcrml►er 31. 1985 and 1981. rrsprcti%vl%. The origindl issue discount %as calculated on the basis (If Ihr market value of the cumnn,n seta k purcha.,r %arrant., altdcltrd at Issuance. (e) The 1 l subordinated drl►rnlurrs %hich %err issued in 1981 %ith an rffrcti%r rate of approximatrl% 131ic in exchange fur appruximatt-b 2.(KK).(KKl Meares of Series B Preferred St1►I•k had unantonizrd uril inal issue discount of S5.435.tKK) and fo.48301O at Decrnlbrr 31. 1985 and I Y81. rrspec•li%t•I%. The original issue discount %a., c•alculatrd on the basis of market %alurs at issuance. The agreement contains certain restrictit•e financial cullrnants applicable toTransworld. including se oral financial ratios and SAC- of substantial sul►sidiaries. (g ) Thr notes anti sundr. indebtedness include certain notes secured h% mortgages on various operating properties of Canteen. HI and Spartan. The net look %alue of th"r properties %as S51.2 i G.(K)ll at December 31. 1985. fh I Aggregate annual maturities of long-term debt are as follo%s: IAnimmi- ill Thou-sendo )rdr: 1481, F 8.903 198; 24.141 1988 0.9. I9 1 4.1841 199(1 9.110 ;ul„r,turlit - - - -- -- 103.461 F1td.73:i W Various loan agreements place certain restriclie , cou•nanl. on Trans%orld and its subsidiaries including certain require- ments as to maintenance of minimum levels of Aorkiry capital and limitations urt additional borrowings. Note 10. Leases and Related Guarantees: Transwurlcf..ubsidiaries utilize property. facilities and equip- ment leased from others. In addition. certain owned and leased properly, facilities and equipment are leased to others. Buildings and fac•ilitieb leased from others are primarily for hotels. restaurants and tsupport facilities. At December 31. 1985. 39 hotel. and 127 restaurants %err operated under least - arrangements which genrrally prat ide for a contingent rental based on a percentage of gross operating profit or grubs rr,lrnurs and. in tome instance:, for a fixed basic rent. Initial term. of hotel. land and restaurant building leaar., generally are not Ir.,s than 20 years exc•lusi%e of options to rent -A. Leabrb of other equipment primarily c•on.ibt of nierc•handibing equipment. cuul- puier systems. rlc. 86-10'o'!I k*'k, Y� tf� mits As lessor. leasing operations consist principallN of merchandis- Note 11. Employee Benefit Plans: ing equipment under noncancellable (rases for a term of eight Transworld and its subsidiaries have several pension plans Item- years to franchised distributors of Canleen. Certain hotels also covering many employees. Amounts charged to income (includ• •rest lease retail store space to tenants. Numerous mkc•ellaneou► s an sublease agreements also exist. ing amortization of prior service costs) were $7.6:S6.(XX1. $9.171 AM and $8,613,(XX) for 1985. 198.1 and 1983. reaf- „Its subleased to others under direct financing leases and respec•tivel%. t of included in (ithrr as.rts at December 31. 1985 and 198.1 of aggregated S 1.bc)1.(XX) and 811.338.(XX). respectivel\. H of Infrtrrnallon regarding Tranw.urld's (easing activities at Decem- at ber 31. 1985 is as follows: 1\ CH11ilal LettUlrerarinl; I.r•a"•. nts and Mlnimur, Ira•r 4111ounl. ul Tbuo-nmdl Pacnlrnl- 4013 193 1 K'+ 010 401 ;3a lr•.0 14tu. f h,tl/�; 14N- 5.023 14M .i.231 I(iV1 4.lclri 14Ith l 4.827 �UIt•eY{llt'lll 02.1t 4 11.t1 frp.'All Lr.- umpum ! nw 14 -1 - 48. 173 Vr-ent lalUc -if, apilal l al . 41.73 Lr•-• c urrrnt obligati, . a.1 18 1'a1.11.11 Ir•a�l•- f .Slt.t/13 1111mmunl Lea". Panml•nl, Nel of Allnununl 5ublrasr Rental- S11111ra•r of Immaterial 1,14%mrnl• Am„unl- S2 2 S 31.5111I - 2'r.Wk1 - 28.257 - 2n.•2.i - 21.218 - 333.1,. Thr total rrnlal expen-r for all operating leat,rs included in the detrrrtination (if operating result- for II►e• \cars ended Deuvinber 31. 1981). 1984 and 1983 was as ftlllov.s: lab 4nnnna• In T6ou•aml. 1483 1481 1983 ka•u rem• E3:3.2.ib t3:S1.3115 F24.8:1n r..mun��m n•nl- 51A.7 5:.3$tr 52.ti11 S88.123 Sm.(131 &t2.tl�r► ip- sed asr t� ,f less 1• om- r r „rr As of the latest benefit determination date. the actuarial prrsel value of \esied accumulated plan benefit- %as appro\irnatrl\ $52.6(X)AM. the actuarial present value of nun\rsted ac- cumulated plan benefits was approximatel% g9. 7 W.(XX): and tl plan.s* net assets available for benefits were approximately ,F. ,.(XX).(XX). The range of assumed rates of return used in determining the actuarial present value of accumulated plan benefits was from 6% to 10% for the year 1985. depending Oil the plan. Incenike cornpensation plans pro\ ide for a%%ard to managemr► employers based on meeting or exceeding cerlain levels of income as defined b\ such plans. The amounts charged to income under the above plans were S5,957.(XK). K.356.0M and $5.265.(XX1 for the years ended December 31. 1985. 1981 and 1983, respectively. In addition to these inc entke c•ompens, tiun plans, certain subsidiaries have incentive plans in place under ubich regional. divisional and local rrlarla-rltlr111 parlicipatt The incenti\r slot k option plan permits the hoard of Director. t grant I,l overlain key officers of TransAorld and its �ubsidiarirs purchase- op1lons for shares of 7iansvvorld conuuon stuck at a stated option price not less than the market price at the time the option is granted. The options become exercisable in %hole or it part front time to time during a period of five years from the date of grant commencing six months to one year subsequent to the dale of grant. Information regarding outstanding options and option ac•ti%it\ is as follows: 1985 1981 Uul-landulg at Januan I. 66; .9011 i4.71 i Granted 37, 3.87.5 653.015 Canceled 81.87:3 5.077, E%erriwd 129.582 54.416 Ouls►andnlg at Decemlier 31. 82; .320 b( . Mml Earn l,ablr at Drc•endwr :31. 269.382 2O.278 Prier wngr of options: tluta►andulK 111.95-SI2.25 811.45-$30.1:3 E%env+rt! $13.28-1311.13 ill.ticl-S23.4c1 86- IO011 AWI Nul. -toll ull•uII11.11c1I 1'I11it111'lall *�IJI1'1111•III. 11 11111mll..d. Note 12. Quarterly Data (Unaudited): Note 13. Contingencies: The results for eae•h quarter include all adjustments which are. There are various claims and pending legal actions against or in the opinion of Management, neressan for a fair presentation indirectly involving Transworld and and its subsidiaries, includ- of the results for interim periods. The consolidated financial ing actions concerned with civil rights of emplo%ees, taxes and WWII, utt an interim basis are not neceasaril% indic•ali�r of other matters arising out of the ordinary conduct of business and future financial results on either an interim or an annual basis. financing matters. Certain of these are or purport to be class tirlec led consolidated financial data for each quarter within actions. seeking damages in substantial amounts. The amounts of liability, if am, on these direct or indirect clainvl and actions 1985 and 1984 area, fullows: at December 31. 1985. over and aho%e an insurance coverage (4m.lunt• in Thou -and- FIrsl %'oe,-nnd Third Fourth in respect to certain of them, are not specificall% determinable l:ncrpt Per Share 4nkounist (fuarlrl Qualirr Quarter Quartrr 1 this time It is the o ►inion of Management 1 including General lrar Fluted tlet emllrr 31. 1985 011rrdling re%r11ur- Stc4.41r1 SVI' llM S-122.11,1 011eralinginr-omr 27.045 41.202 47.701 InF unrr fnlm cunlin- uing ulr•ratnal• liefurr Inl,mlr lair. 21.W 35.Hl)3 41.101 Net fluorite l0.24 3 30.811 300111 Larninp llrr common sharr: llu a)rrage uu1- standing and equl)al.•nt Atari. 1 0. U) S 0.740 1 0.9t1 A --timing lull dllutnnl U.411 0.'Ill 0.941 leer Lndrd 11rrrmh'1 31. 1981 (llll•ral►nj:rewnu.•- I VA).61:) i4tt11.4"i $14:1.1(1i (Il»•raring im umr 2b. 141 35.2 T. 5 4(1.9311 In( umr Irum cilium- u111g ullerd11.111. lorhrr uo umr ta%• 24.11111. 30.923 38.1111 Net lilt brit 19.31141 29.851 3G.319 (•.anung- lwr common A. It-: lh1 dwrdgr uul• stdlld111g a11.1 eyunalrnl Am,— i 0.47 i (1.82 S 1.01 A%-umrlg full d1lutwit 0.4. (1.iH (1.911 a F Counsel I. however, after considering a number of factors, in- >F 61.r,81 eluding but not limited to the %iews of retained counsel. the 52.1oH nature of the litigation and the prior experience of the consoli- dated companies, that the ultimate disposition of these matters will not materially affect the consolidated financial position or results of operations of TransMurld. 45.1 "rl 133.S8.1 Note 14. Business Segments and Foreigtt Operations: The operations of Canteen. Hl. Spartan and Transworld are included in the consolidated financial state► ents. Canteen is engaged primarily in the food sen ice business and conduct.... E 3.55 direcll and through its subsidiaries and independent fran- chised distributors. rending and dine[ 6KI sir%ice operations 3.44 in the United State?. and Canada. Hl. direc•tl and through its subsidiaries, operates hotels in 43 lilreign countries. the United Statt-s. Guam Will 1►l(rr111 Hicu. Spartan is engaged III lilt- 41..) •157, operation of franchised fast hKid and proprietan Tamil -stile restaurants. princip:lll% in lire southeastern United States.. Information concerning the major business segrnrnts and the extent of operations in each significant foreign geographic area 34.IN17 is presented in lire following schedules. 1•ureign operations of 24.5:110 the vending and food sen ices business segments art- conducted primarily in Canada. Identifiable asset,, at December 31. 1985. 198.1 and 1983 include 8297.11 l,(K)0. 8276.58:3.(KN1 and $268.4100K). respeclivel%. of assets used in foreign opera- 1 0.-4 lions. A further disaggregation of foreign operations w ithin specific geographic area-, is not deemrd significant. 0.70 SG--1®"1 Nnlr- III I r/ll-I,ldawd f lllant•I'il slalt•Irll•111- 1, •,Illllno 111 Note 15. Changing Prices (Unaudited): (CM-U ) shows that this increase has been the result of erosion The full(ming supplemenian income computations adjust in- of the purchasing lower of the dollar. The resultant effect on come from continuing ol►erations for the effects of changes in earnings is shown, understandably, to he more dramatic. Depre- spec•ific• prices (current costs) of the resources used in pro\ idling ciation expense, based on the restated value of assets for 1985. sin ices and product., sold. The effect of inflation is particularly is substantiall% higher because the current cost of merchandis- eyiden! in comparing the historical and adjusted cost of fixed in€equipment and other property is higher. Holders of mune- assets and the related depreciation expense because fixed asset; tan liabilities benefit during inflationan periods hr< cruse cheaper are held for an extended period of time vet remain at acquisilion dollars are used to satisfp liabilities in the future. The decline cost in the balance sheet. Depreciatiun exiiense allut-ates. on a in income from continuing operations is partially offset 1) this ratable basis, a portion of the historical cost of assets stated in purchasing power gain. Due to the current nature of Transworld's dollarb having varying amounts of purchasing power. Since this inventories, the adjustments for changes in specific prices du purchasing: pllwrr has changed significantly from the time these not have a significant effect on cost of sen'ices and products be the sold. For the current }ear the increase in the current cost of assets were acquired, the change must lie considered to estimated effect of inflation on the financial statements. A much merchandising equipment and other property has been less less significant relationship exists with inventor, held fur sale than the rate of general inflation thereby generating: a holding since the gucxls in Transworld's inyrnlurirs. principally fi►c,d and loss. net of inflation. lw%erage items. ha%e been purchased jusl prior to their sale. The supplementan financial statements prepared in accordance with the current cost concept assume the %cluing of fixed assets and inentun at year-end using; costs in existence at December 31. 1985. Since these current cults are higher than the older historical costs for equipment and proper(} currently in use, the related depredation exg,ense increases c•urrespondingl%. Infla- liun also affects nutnetan asset, and liabilities sw•h as cash. rec•eiyablrs and pa%ablrs. Companies with nil munrtar% liabili- ties experirru•e grains because lilt- amount required to satisfy the nil liability, expressed in purchasing: pmAer, decrc-a-es will inflation. In a drflationan penud. the effect would lie re%ersed. Alanag•emenf:. Analysis of Thr• Supplementan Infurrnaiiun: Under historical accounting: measurements. Transworld has reported revenue grtmili of 843-1 million from $1. 7'2 billion in 1981 it, $2. 15 billion in 1985. Adju-zing for general inflation using the Conswner Price Indry for all L rban Consumers Statement of income from continuing: operations adjusted fur changing prices (Unaudited, dollar amounts in a%erag•e 1985 dollar -I: IAnwunt- in Thou -and• E%. r ,I I cr Slmre •inmmiu-1 )ear i•:nded Derr11011.1 31. Nh )_ .as Slated Adlu-ted in the fur Change Frnanrl.11 in Ipe, ifi, �IJtettlrtll- 1'ncrs 011rraling rr%enor> $2. 15 L 516 2.151.556 Cu-1 of sin icr- and product- moll Iryrlu-rite u( d,qu. rl,u„'ll .old amortization of propt•rt% and Ira-r-1 1.182.I0r, 1.182,44`1; Drprec•Iati,m and amortization 66.871 88.2'58 Uprraung cyJK rises, other 734.413 ia;.413 01hrr charges lcrrdu-1 24.479 24.4711 38.901--_ _-.38.W ��.0 P'. , .I) 2,IRI .4.1/i Inc emir front conilluillig o ,erarioll- $ J01.786 — S 8:i.1 18 Earning. Iler Share $ 2.-it; S 1.4 Purcha-ing powYt rain oil net monrlar% habllttles held (luring the %rat S basic( Inrn•ase in current Soli of imenton and equlpmrnl held durum the %car >:2.1(01 Effrc I of "wrease in general Jtrn I. Ivitel - - - -- - ----`31. IeK, I:ycrSs lahorlfall l u(inama rs in n1K ctfir prices -- u%rr increase: m the eneral ,rice Ir%r) S 124.0w) llryrnlonrs and l'rtgwri% at Dect•mber 31. IYH.-): In%rntorlr- S 11.31 Pro ,eri,. No of Dr ,r,-, r B I I. W 1 SG —i®21 w "to111r- the ( .e011-1did llt•d I IctIt Five-year comparison of selected supplementan. financial data adjusted for effrcts of changing prices (unaudited, dollar arrwunts in average 198S dollar!: I _ lear, Ended DrreniLwr 3). 1 Amount. in T'liom nnd- Ewept Npr Share .Arr►r►llnts. _ f Vtttdvmld and lmlv% Deilal 198:► 19H1 19&3 1982 1981 i OlwratutF rrue•nur•- S21151.556 $2.((1(►.961 11.979.017 11.95,L24) 82.032.111 Current ro-1 In(urMatiun: Inrnmr 1rt,n1 eunlinunlF ulwratiun- 83.118 78.160 32.0� 1 18,913 M.W. 111comr (hn-I fnem c•oniinlunp nlw►atitln- per vivninMac -Here• 1.9 � 1.08 OAY) 10. 43 1 0.57 Eu•",s o-hurttalll of Inrrrane in slwcifit pro, e, user irlrrra-r in the Rrnrral later level 1291(Nkr t 1.111) (17.5871 41 JN5 51.694 Net a --el- at wvar•etnd 1,(N12.335 916.666 8L") 1.2(1H.2(13 1.265.382 0111e•r Infurnliuun: Pun ha-inp lkewer Rain an net munrtan lualulltly- held during the rear 6.339 6.405 8.526 17.516 40.035 Ca-li (lit Mend- dr•r•)nrrel lwt cotntnun share 0.4t1 0.31 — — — 4larlet pnrr lwt summon Shaw st rear -end P.11 31.7 41.5 30.9 17.2 Meral r run -user rni r ►ttdr% 322.2 311.1 298.5 2AQ.3 272.1 (a) Basis of Presentation. Transw•orld'► historical financial statements are prepared principall% (lit historical prices in eflrct Mheo the transactiuns onginall% occurred and were rec•urded. The :upplrrnrnlan financial information discloses certain ef- frci. of changes in prices of propert% atld equipment ow ned or held under capital leases that have ex•c•urred since the prupert% was original!} acquired bio Transpvorld. Propert" acquired bit me,rl_e•r witch of 1w►oling of interest I is considered to hate 1►rrn at hot 7ransworld at the date of the merger rather than the dale tit original acquisition of the item. (h i Inventor% and (:list often ic•rs and Products Sold. Merchan- dise imentun ha- been adjusted for changes inspecific prices. Such irnrnton generalli, has a rapid turnover and consequent!% invenlon values appn►tin►atr their current cost. (c) Current Cost of Property and Equipment, and Relaied Depreciation. Hotels, Buildings and Improvements. Merchandising and Other Equipment and Property. The estimated current cost of this property and equipment genrrall� was computed l►'\ appl\ ing price indices published b% guprrnmental and private urgani•ra- tions lit the historical cost of the assets. Selected indices were used for various classifications of buildings. improvements. and usher propert% and equipment. The historical cost of each classification was aged h} vintage year of acquisition for pur- poses of applying the proper index. Management believes that the resulting current cost data are reasonable representative of the .specific price changes for these categories of pruprrt\ and equipment. Depreciation. Accumulated depreciation and the provision for depreciation expense expressed on the basis of current costs are based tun the same methc►ds and rates of depreciation as are used to prepare Transworld's historical financial statements. (d) Income Taxes, No adjustment is made to income tax exprnsc• for the increase in costs determined under the current cost computations. C41 " 'Z _.__.._.... - ._^N _ Accountants Report n Management's Rej)ort To The Shareholders of Transworld Corporation: To The Shareholders of Transworld Corporation: Re have examined the consolidated balance sheets of Transworld Corporation and subsidiaries as of December 31. 1985 and 1984. and the related consolidated statements of income and retained earnings and of changes in financial position for each of the three years in the period ended December 31. 1985. Our examinations were made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessan in the circumstances. In our opinion, such consolidated financial statements present fairy the financial position of Transworld Corporation and subsidiaries at December 31. 1985 and 1984. and the results of their operations and the changes in their financial position fur each of the three %ears in the period ended December 31. 1985. in conforrnil% with generall% accepted accounting princildrs applied on a consistent 1►esis. Deluitte Has.kim, K Sells Ne% )Orl,. !sew York March 3. 1480 is We have prepared Transworld Corporation's consolidated finan- cial statements, including the notes and other financial informa- tion appearing in this Annual Report. and are responsible for their integrity and objectivity. In order to fulfill this respunsibil- ity, policies have been established that require each s%stem of internal accounting control provide reasonable assurance. gk- ing due regard to the cost of implementing and maintaining the system. that transactions are executed in accordance with management's intention and authorization, that accounting books and records are prepared and maintained so as to permit the preparation of the financial statements in accordance with generally accepted accounting principles and that acrounlabil- itv for assets. liabilities and equity is maintained. Compliance with these policies is verified. and the continuing; adequacy of accounting policies and procedures is e%aluated. through an internal audit program. In addition. Transworld Corporations independent certified puhlic• accountants obtain and maintain an unders-tanding of the accounting and adminis- tralke controls in place and, based on tests (if those controls alit of the accounting records, render an opinion on the fairness of presentation of the finam-ial statements. The Audit Committee of the Board of Directors. compot-rd of non►nanagenu•nt Board members. meets periodic•all% w ith both the internal and inde- pendent auditors to recei%e their reports. Further. we recognize our rrsponsibilit% to c•unduc-1 Tran.w�uld'- business in accordance with high mural and ethical standards. Policies ha%r Bern rstab6hed and review pn►g:rarns arc main- tained to ensure that the policies are understood anct that all business activities are in compliance with there. c F. L Salizzoni Tice Chairman J. R. Painter \'ice President and Controller r] Directors and Corporate Officers Transworld Corporation Board of Directors L. Edwin Smart Frank L. Salizzoni Chairman of the Boanl Vice Chairman and Chief E%ec•utive Officer Transwmrld Corporation Transworld Corporation Morton 1. Sosland Charles J. Bradshaw Director and President President and Chief Operating Officer Susland Companies. Inc. Transworld Corl,oralion (diversified activities including publishing Lester frown and venture investing) Chainnan of the Board Patricia Carr% Stewart atni Chief Executive Officer Vice President Material Senice Corloration The Edna McConnell Clark Foundation (pnKlucer and distributur of building malrrial ) (non-profit charitable fuundationl R.L. Hadle% Griffin Curt R. Strand Chairman of ►he E%ecuti%r Commirlee Chairman of the Huard Bruhn Group, Inc. Hilton International Co. la consumer prt ducts cumpam dealing with jack Valenti operations in footwear. recreational products President and sl,r•cialn retailing) Motion I'lcture .Association of America Jewel S. Lafontanl Itrade ass twiation► Pamner Vedder. Pare. Kaufman & kammholz Ila% firml Transworld Corporation Howard M. Love Officers Chairman of the Board L. Edwin Smart and lthief E%r•c•uti%e /Horst Chairman of the Huard and Chief Exec•uti%e National Intergnncp. Inc. Officers lmulli•industn c•ompam in distribution and Charles J. Bradshaw sen u•r businesses with imemmenls in metals ['resident and Chief Operating Of ver' indu�tne.r Frank L Salizzoni John !! Mastour Vice Chairman Chairman of the Board and (thief E%rcwi%r Officer John J. O'Keeffe. Jr. The Continental CorlK,ratinn Vice President -Administration. General (huldntg cumpam in the insurancr antl Counsel and CorlKwale Seeretan insurancr srnirrs frlds► James R. Painter Rubrri S. McNamara Vice President and Controller Retired President Nicholas C. Moren The World Rank Treasurers cumpam director. uni%ersit) truster I. Alm- Charrrnmi. (.warm GIrl■rraitim. and Chairman of C. Edwin Meer. Jr. the L%rruntr (wtmnlNtrr. SluMan F-ld S%MVIn, Iw . and trsulrrtt Hdwn Intrma ninal C.U.[ and Chief E%rc•uti%v Officer 2. Ah•o Chatman. Slwrtan Rrw( s.%orrn.. in,. 3. Alit, Tn•a.urrt, Canirrn Cogn-rauon and *4la4rtan EK91 Hilt, International Ccr. Stetrnt.. hit . Arja% Miller Ilran Emeritus Stanfonl I. ni%t•rsu% Graduatr tichtol of Business (wnipatt% dirr•41nr Andrall V. Prarsun Prufr.sur Henard Bu•utrss SchtKd Jerome J. Richardson President and Chirf L%euuu%r• l Ifflcrr Spaman F/MNl his . 86-10 / 1 Transworld Corporation Board Committees Executive Committee L. Edwin Smart Chairman Charles J. Bradshaw Jewel S. Lafontant John I'. Mascotte Frank I.. Salizzoni Momon 1. 4,sland Patricia Cam Stewart Audit Committee Morton 1. Sosland Chairman Jewel S. Lafontant Howard M. Love Andrall E. Pearson Compensation Committee W.L. Hadle% Griffin Chairman Lester Crown Arja% Nlillt•r Jack Valenti Finaner Committee Frank L. Salizzoni Chairman John 1' Masctttte Ruhrrl S. Mclamdra L. Edwin Smart Patricia Cam Stewart Nominating_ Committee Andrall E. Pearson Chairman %. L. Hadle% Griffin Jewel S. Lafontant Public Affairs Committee Arja% Miller Chairman Charles J. Bradshaw John P hlasc•olte Robert S. Nit -Namara C. Edwin Mrier. Jr. Cum R. Strand Jack Valenti Retirement Plan Committer Frank L. Salizzoni Chairman Lester Crown Howard M. Lo%r Jerunit• J. Richardson hlomon 1. Susland �� �. Patricia Cam Stewart Subsidiary Officers /"`\ Hilton International Co. Officers Curt R. Strand Chairman C. Edwin Meyer. Jr. President and Chief E\evuthe Officer Hrlmut Hoermann Eurcutive Vice Prr sident-Chief Operating Officer E. Peter Aird Srniot \icr Prrsidrnt-Treasurer Olaf S. 11ondr .wmor \ice Prrsidrnt-Cent ral Europe and Eastern Mediterranean David F. Huffman senior 1 ice President -Human lirsourc es Ur%elupmeut Pierre R. Jaquillard .wnn►r Vice President-Uvistern Eunlpr. Gulf and Africa kennrth S. �Itrss Senior 1 icr President -Asia aid Australia Fred Ruoff Senior \ icr Prr:idrnt-Marketirig Jonathan Berger %we Pre- ident-Cori KPrate I)ryrlopnlrnl Alan Bridle it Pi-rs►tlent anti Comptnillet Anthony Carpenter ice Prrsidrnt-1 oiled dates Reginald h. Groome 1 or Pirsrtlrol-Canada Richard Handl Vice Prrsidrnt-japan. Guam. korea and the Philippines Jose A. Menendez 1 icr Pre.idrnt-Cdrihltrdn and Latin 4ntrncd Mel%in Milligan Vice Prrsidrnt. General Counsel. and Assistant Secrrtan Willem Sprokkrreff Vice Prrsidrnt-Australia and %%outh Pacific Oskar von Kretschmann \ wr Prrsidrnt-Indonesia. Malaysia. Sing al►ore. Sri Lanka and Thailand Carob n S. Parlato corporals Srcrrldn 41...I.nitlufMlr `a friary ut t Ylllrrll (.u►tMrt111uU. end sparlan F..KI �t.tr•tn-. Im . Spartan Food Systems Officers Jerome J. Richardson President and Chief E►ceculke Officer F.J. Hammond. Jr. Senior Vice President -Construction and Real Estate Louis P. Howell Senior Vice President. General Counsel and Assistant Secrelan Samuel H. Ma% Senior Vice President -Research and Development NVP. Phillips Senior Vice President-Uperat ions Walter M. Brice, III Vice President -Administration and Assistant Srcretan Donald 1). Hasty Vice President -Personnel H. Stephen McManus Vicr President -Harder s Operations Robert Preyatte Vice President -Harder s Operations Olin D. Thomson Vice President-Conslruc•lion Canteen Corporation Officers Robert A. Kozlowski President and Chief Execulke Officer James A. Rost Executive Vice President William Adams Vice President -Mitnot Operation, - Harold F. Brogdon Vice President -Engineering and Quality Control William H. Carlson Vice President, (;eneral Counsel and Assistant Secretary Kenneth R. Davidson Vice President -Purc•hasttip Nicholas A. Dinielli Vice President and Controller Paul G. Duffy Vice President and General Manager FcKKI and Vending Mel%in H. Grossberg Vice President -Rowe Operations Daniel R. Krpan \*ice President -Marketing John E. Napier Vice Prrsidrnt-I)istrihutor Operations Karl Ii. Sedlarz \ ice President-Corpurate I)e%elopmen Assistant Treasurer Richard %I. Stein \7cr President and Assistant General 1 Food and Vending George B. Toney Vice President-liec•reation Senice.-- Lau rence F. U ilkas Vice President -Human Resources 86-1021 �:: • �..., 'art- t_.�,—Bern—�•.=.:-