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HomeMy WebLinkAboutR-86-1021 (2)NNW 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 *v N..1M PLOR'DA INTEROFFICE MEMORANDUM 55 Honorable Mayor and �.AiE DEC 51�e6 ``E Members of the City Commission Cesar H. Odio, City Manager RECOMMENDATION: S-SA_1 Proposed Resolution: Execution of Agreement for Orange Bowl and Baseball Stadiums Concessions REFERENCES ENCIOSURFS It is respectfully recommended that the City Commission adopt the attached resolution authorizing the execution of a negotiated agreement, in a form acceptable to the City Attorney and in substantially the form attached, with for concession operations at the Orange Bowl and Baseball Stadiums for a period of five (5) years. BACKGROUND: The Department of Parks, Recreation and Public Facilities has worked extremely hard to expedite the competitive process wherein a new firm is to be selected to operate concessions at the City's Orange Bowl and Baseball Stadiums. Such urgency is dictated by the City's need to have a professional Concessionaire in the Orange Bowl Stadium in time for the January 1, 1987 Orange Bowl Classic, perhaps the most nationally significant event on the City's calendar. The contract is itself extremely promising to both the Concessionaire and the City, which anticipates $450,000 in annual revenue from these concession operations. Pursuant to public notice, sealed proposals were received by the City Clerk on December 5, 1986. A Selection Committee reviewed and evaluated each on the basis of consideration to the City, capital improvements planned for the stadiums, experience and financial support of the proposer, the maintenance and operations program for these facilities and the extent of minority participation within the proposal. The Selection Committees ranking of the proposals is attached, with receiving the highest score. Subsequent to the ranking and concur most advantageous various features aspects of evaluation, I reviewed the recommendation and that submitted the proposal. The attached agreement delineates of the original R.F.P. and the particular is proposal. 86-1021 CITY OF MIAMI. FLOWDA INTER -OFFICE MEMORANDUM TO Honorable Mayor and L A'L December 10, 1986 Members of the City Commission `H Cesar H. Odio, City Manager RECOMMENDATION: BILE Proposed Resolution: Execution of Agreement for Orange Bowl and Baseball Stadiums Concessions E^ICLOSUkES It is respectfully recommended that the City Commission adopt the attached resolution authorizing the execution of a negotiated agreement, in a form acceptable to the City Attorney and in substantially the form attached, with Volume Services, Inc. for concession operations at the Orange Bowl and Baseball Stadiums for a period of five (5) years, with the option to extend the contract for one additional five year period. BACKGROUND: The Department of Parks, Recreation and Public Facilities has worked extremely hard to expedite the competitive process wherein a new firm is to be selected to operate concessions at the City's Orange Bowl and Baseball Stadiums. Such urgency is dictated by the City's need to have a professional Concessionaire in the Orange Bowl Stadium in time for the January 1, 1987 Orange Bowl Classic, perhaps the most nationally significant event on the City's calendar. The proposal is itself extremely promising to the City, which anticipates a $450,000 increase in annual revenue from these concession operations. The following example demonstrates the financial significance of the consideration offered by Volume Services. The last Orange Bowl Stadium audit indicated that the Orange Bowl had gross concession sales in the amount of $4,362,830 and the City's revenue from said sale was $1,448,505, or, 33.2% of gross concession sales. Under the 42.1% of gross concession sales proposal of Volume Services Inc. the same gross concession sales of $4,362,830 would have produced $1,836,750 of City revenue or a net revenue increase of $388,245 to the Orange Bowl Stadium. SG-1021 Honorable Mayor and Members of the City Commission page 2 Pursuant to public notice, four (4) sealed proposals were received by the City Clerk on December 5, 1986. A Selection Committee reviewed and evaluated each on the basis of consideration to the City, capital improvements planned for the stadiums, experience and financial support of the proposer, the maintenance and operations program for these facilities and the extent of minority participation within the proposal. The Selection Committees ranking of the proposals is attached, with Volume Services receiving the greatest number of first place scores. Subsequent to the evaluation, I reviewed the recommendation and ranking and concur that Volume Services submitted the most advantageous proposal. The attached agreement delineates various features of the original R.F.P. and the particular aspects of Volume Services' proposal. WEG/DEJ/cm 8671021 ,"'IN Cesar H. Odio, City Manager page 3 During the analysis of proposals, each was reviewed and graded according to criteria stated in the proposal documents. The criteria included: consideration to the City (maximum 30 points), proposed improvements to the facilities (maximum 30 points), experience of proposer (maximum 10 points), proposer's financial qualifications (maximum 10 points), maintenance and operations program (maximum 10 points) and minority and female business participation (maximum 10 points). After all proposals were graded, the number of first through fifth place scores were totalled. The proposer having the lowest score (i.e. the greatest number of first place rankings) from this computation is recommended for award. The final grades for each proposal are: RANKING FIRM POINT SCORE 1 Volume Services, Inc. 5.0 points 2 Service America Corp. 11.5 points 3 World Wide Concessions Proposal A 13.5 points 4 World Wide Concessions Proposal B 20.0 points 5 WOM Enterprises, Inc. 25.0 points WEG/DEJ/cm 86-1021 _ _ p *A, , -s"..uY +t td •� x � :-'t r K rt �'�Ap �d 5 �� �'�'7"�, °`_ x k3 01. EXHIBIT A Summary of Proposals and Ranking FIRM PERCENTAGE OF MINIMUM ANNUAL CAPITAL GROSS RECEIPTS GUARANTEE INVESTMENT RANK Volume Services, Inc. 42.1% $200,000 $575,000 1 Service America Corp. 41.1% $675,000 $525,000 2 World Wide Concessions Proposal A 40.4% 401,000 $250,000 3 World Wide Concessions Proposal B 38.3% $375,000 $500,000 4 WOM Enterprises, Inc. 40.15% $300,000 none 5 I s EXHIBIT B EVALUATION SCORING AND COMMITTEE MEMBERS Evaluation Criteria Consideration to the City: maximum 30 points Improvements to the Facilities: maximum 30 points Experience of Proposer Firm: maximum 10 points Financial Qualifications of Proposer: maximum 10 points Maintenance and Operational Program Offered: maximum 10 points Minority and Female Participation/Classification: maximum 10 points Selection Committee H. C. Eads, Jr. Assistant City Manager Walter E. Golby, Director, Parks, Recreation and Public Facilities John Gilchrist, Director, Department of Development Carlos Garcia, Director, Finance Department Edmund Connor, Structures Engineer, Public Works Department Legal Counsel: Alex Vilarello, Assistant City Attorney Advisor: Adrienne Macbeth, Minority and Women's Business Affairs and Procurement Administrator EXHIBIT B EVALUATION SCORING AND COMMITTEE MEMBERS Evaluation Criteria Consideration to the City: maximum 30 points Improvements to the Facilities: maximum 30 points Experience of Proposer Firm: maximum 10 points Financial Qualifications of Proposer: maximum 10 points Maintenance and Operational. Program Offered: maximum 10 points Minority and Female Participation/Classification: maximum 10 points Selection Committee H. C. Eads, Jr. Assistant City Manager Walter E. Golby, Director, Parks, Recreation and Public Facilities John Gilchrist, Director, Department of Development Carlos Garcia, Director, Finance Department Edmund Connor, Structures Engineer, Public Works Department Legal Counsel: Alex Vilarello, Assistant City Attorney Advisor: Adrienne Macbeth, Minority and Women's Business Affairs and Procurement Administrator y 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 period ended December 31. 198•1. in c•onformit% with general]% accepted accounting principles applied on a consistent basis. s a V- r� 1— {;, Deloitte Haskins 8 Sells r . Nt-A link. New lurk March 3. 1986 e ,r. 0 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•all,. 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 with them. 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 \ ace Prr.,ident-Treasuret Olaf S. Ronde Srniur \ mr 1rrsident-Cent ral Eurol►r and Eastern Mediterranean Da%id F. Hoffman Senior \ice President -Human Resources Dr►elupmcot Pierre R. Jaquillard Senior Vice Prertdrol-Ueslern Eurupr. Gulf and Africa Kenneth S. Mies., Senior \►rr President-A.,aa and Australia Fred Ruoff Senior \ ive Prrsidrnt-Marketiug Jonathan Berger \ rcr Prrsidrnt-O:urjK)rdlr I )r%rlopmrnl Alan Bridle \ ice Pr". adent and Comldn-lle► Anthon% Carpenter \ icr President -I nrted State - Reginald Iv. Groome \ icr Prrsidrnt-CanjiLc Richard Handl Vice Prrsule-nt-Japan. Guam. tubed and the Philippines Jose A. !Menendez \ ice Pre,idrnt-Canbbrdo and Latin Amem d Mel%in Milligan Vice Prrsidrnt. Grnrral Counsel. and Assistant Secrrtan Willem Sprokkreeff Vicr Prrsidrnt-Australia and South Pacific Oskar von Kretschmann \ter Prrsidrnt-Indune.ia. Mala►sia. Singapore. Sri Lanka and Thailand Carol%n S. Parlato Corporate Srcreldn 41M. (data Naar Sri train ut Contras (.p►ldiratimi. and SpendU F..dl 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 Tice President -Engineering: Qualit% 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 Mel%in 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 8f-102 - G5- 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 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. . ---/ Iq David R. Scoco Sales and Marketing Manager Enclosure DRS:gat A GT7/9R-1 '� { 'tl � ;�'� 4' �,.t� VOLUME SEFi VICES, INC. , December 5, 1986 Mr. Walter E. Golby, Director Department of Parks, Recreation and Public Facilities c/o Office of the Cite Clerk City of Miami 3506 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 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. Enclosure DRS:gat 0 Sincerely, Volume Services, Inc. David R. Scoco Sales and Marketing Manager GT7/9B-1 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. 531A()r)r1- 11) BID BOND Approved by The American Institute of Architects, A.I.A. Document No. A-310 ( Feb. 1970 Edition) &Noli' 111. BY 7711'.`EPRL•:5ENT.S, That we. Volume Services,- Inc. _ as Prin,:Ipa:, lleteinalter called the Principal 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 Sarct\ , hercuta:ter called the Suretj , are hc!d and f rntl) bound unto—___ __-- ---City of eliatrs — -- _ — -- _ as Oblige- het:;n:ifter called the Obligee tt, the sum ,�!__--- Twenty —Five Thousand and Noi 100---_-------- _-------_ — — — — — Dollar Is, ��,%C^v. QQ_ ), fur the p.n� nn;nt of which sum well and truly III he made, the paid Principal.and the said Surety. bin• out ..!%c-ur heirs, exc:u!or,,. adwi:;istralors. succei,,ors arld assigns. join IIy and severally, fi;Ittly by these presents. It'7/1 R1 .f.ti. the Principal has submitted a bid fur —_--Food and Beverage Concessions at %Baru owned football and baseball facility from 1/1/67 to 2/l/91. A011'. 711 Rt'FORE, of 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 hued or bonds as may be specified in the bidding o Contract 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 in 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, pciiah% hereof bomeen the amount specified In said bid and such larger amount for which the Obligee may in good fail contract with another party to perform the Work covered by said hid, then this obligation Shall he null and vo;d, otherwis= to remain in lull force and effect. Signed and sealed this _-- _ __ 26th_.. _—_—_ day of--. _November _ November— , _ I c; -86 • Vole Services, inc. — (Sea! Principa K. H. Sedlarz-'Vice/Presideln Tit1= -� SAFECO INSURANCE COMPANY OF AMER10 Atloinev-m-Fac. 8f,-1Q POWER OF ATTORNEY SAFECO KNOW ALL BY THESE PRESENTS: SAFECO INSURANCE COMPANY OF r .3ENERAL INSURANCE COMPANY OF HOME OFFICE SAFECO PLAZA SEATTLE. WASHINGTON 98185 No. 4666 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 Bv.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 5 974 9 ' C' 3 66 this day of 19 PRINTED IN U 5 A 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 -r 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 to the aforesaid Coui u the day and year to this certificate first above written , Notary Publi ,ther.4 pf, l a{( (Seal) County of 5 Z30 as 6 78 PRINTED IN u � p 136. 1-Q 4 9 TABLE OF CONTENTS IMODUCTION A. CORPORATE PROFILE AND PHILOSOPHY..................3 B. OUR CREDENTIALS..................................13 C. MANAGEMENT PLAN - OPERATIONS .....................36 D. MANAGEMENT PLAN - MANAGEMFr*T AND STAFFING ........ 42 f., 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 "= v> EXHIBITS � hr ry' - 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 S(;..ILV 2 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 -1- 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- _ ;1, x; l During 1985, Volume Services Inc., became a part or rransworic 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- 8f,--i4? f i 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: 4 - customized design - convenience to tenants - tenant catering ;t Build -Your -Own salad bars prepared to order delicatessen sandwiches kitchen fresh soups m - 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- C ' ' 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 V.. 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- ,. * 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 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 t r 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 f foodservice personnel. Much of our future growth will come from our existing business base. -�,..,..j The on -going development of quality programs, sound controls, and our *aF. ability to out -perform our competitors will continue to provide us solid growth opportunities. 0 s 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 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-1P1-- foodservice locations managed by Volume Services. You'll find out we don't just talk about w;. quality and consistency, but we achieve it. -12- 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 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 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- vV..j.Q0r ...RPM ar' 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 (Total 200,000 sq.feet) Arena ( 5,200 seats) Concert Hall ( 2,190 seats) Performing Arts Theatre ( 661 seats) TYPES OF SERVICES Concessions, catering and novelties START OF SERVICE 1985 0 -17- 8f --142; 44. �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 L� 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) � ILQ7. 86 is [ENT Hollywood Greyhound Track 831 North Federal Highway Hallandale, Florida 33009 'TACT Mr. Les Schwartz 305/454-9400 :ILITIES Greyhound Track (15,000 seats) Dining Rooms ( 700 seats) 'ES OF SERVICES Concessions, catering, restaurants ►RT OF SERVICE 1973 CLIENT CONTACT FACILITIES TYPES OF SERVICES START OF SERVICE a Hubert A. Humphrey Metrodome Stadium 900 South 5th Street Minneapolis, Minnesota 55415 Mr. Jerry Bell 612/332-0386 Domed Stadium (65,000 seats) Concessions (stands and vendors) 1982 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 • 1 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 r,- 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 Ft. 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- .x., .�..: afar? n:. :p- ;Wrw e".: _ '• 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�JL021. 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 u.' 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 �.u� ��� 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 Sodrac Park/Jefferson Park Racetracks Box 195 North Sioux City, South Dakota 57049' CONTACT Mr. Iry Epstein 605/232-4321 FACILITIES Thoroughbred Racing Greyhound Racing TYPES OF SERVICES Restaurant and concessions START OF SERVICE 1978 • —31— �,, ,F�,;' I 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 1 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— NVIZ (i '�a`*s'N" _— — - •5i N a� "a.:Y-�.� -fit.. : - �'�� 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- 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 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 f �i•�-fi1Y's `,Jr�l "i+..kpn��4� Y ? kJ Catering n 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- ran 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 C A Catering (Continued) * Determining the size and sake -up of the audience The number involved? - Are families to be involved? * Setting the specific objectives for each event: Avards Banquet? Presentation of the annual report? Executive seminar? ter, * Setting the date and time sR. " Setting the budget? sf - On a per -person basis? An overall figure? * Determining the type(s) of menu(s) required? - Several course formal dinner? Cocktails? Large Barbeque? "Theme" _ - Special menu, decor, etc.? It's our sound planning that assures you of perfect execution, no matter what the requirements. s s 5' { 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- $6..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 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 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 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 profit levels subject to the input of our corporate office. Proposed Management Organization - Miami Stadium Y r, l 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. 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 description; such as, Waiters. Waitresses, Concession Stand Manager, etc. One unique employee is the Condiment Stand Porter. • -44- 86.100 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- Management Staffing i This management team will be in contact with the Center on a continuing basis. Mr. Barry Freilicher - President, Volume Services. Mr. Freilicher has 3 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 ,i food service such as, coliseum, arena, stadium and racetrack management. Ar`.. 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 Rent State University, in Rent, Ohio. Ll -47- & 1 "S0 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 -1U21- 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. 86-�s02a 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- 44 t Capital Improvements (Continued) Miami Baseball Stadium n W 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. • 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 stand 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 19 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. 86.1021 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 1 s 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. a Hourly Employee Development i It is Volume Services' objective that our employees be efficient, P y P necessary skill level courteous and professional. The must possess the training not only to perform tasks properly but to understand the , !t purpose for all procedures. r V. �r,'. Volume Services Employee Development Program includes all of the "r following elements: Individual.Job Descriptions ... A separate and complete job �4 ,tip .� description is written for each P job and is reviewed with eachemployee. *�- It includes information such as: basic qualifications, pay scale and benefits, responsibilities, and .t, 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 "s a individual job requirements. e -56- 86�1.()21 M Training and Developmelt 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 :1Q 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 :1•t Team Member Training Tuition Reim biirsemviit ( For Full -Time :lei Salaried People) MOWee--102'- u Bourly Employee Development (Continued) Training aids used in this process are Books I and II of Canteen's 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 - 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 I I 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—. 1 21 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- 'u 67*-1021 x 4 1 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 F, � Cover food service skills, alcoholic beverage responsibilities and sanitation practices, filmed at actual Volume Services i i locations. j4 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. 0 40- 86. 021 r =. 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- 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- t - — 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: 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 i A 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. e -64- 86. 021 VA Our Discounts Are Your Discounts i i With a large number of accounts in each of our Regional Areas, r�. Canteen/Volume Services is able to combine the needs of all our customers and sake 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 ,g4 , t'CZ` 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, �t w {� 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. s -65- 1 Our Discounts Are Your Discounts (Continued) i 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 fondservice 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- M% 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 K, them. s Operations personnel are charged with the responsibility to seek new items when visiting restaurants and dining establishments. 47— Employee recipe contests are conducted twice annually. .r With recipes available from a variety of sources, our challenge is to 1f I 1 -1 -Rl-`-I�n-k' -- 1 refine them for the clients we serve, adjust them for regional tastes, and adept them to volume foodservice production. Using our test E I 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 foodeervice experts from Volume Services. If the menu item to well received. It is then taste tested by 7� customers In our Training Centers. 0 -67- 1021L 1�0 Menu and Recipe Development (Continued) Only after passing all these tests are new dished introduced into the I 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 r the food we serve all foods are purchased according to °x specifications and standards. You will not find higher quality standards anywhere in the foodservice industry. tix� �r Z � i -68- 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 V 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. e+` 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: aFF.• s` Row many of each individual item were i prepared. rTtnh Row many were purchased. Over Production. -69- 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, :,. WE 72 i s IN ,^ ..WA 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 w 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- 86. am1021 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. fs.. The program includes: * Entrees Finger foods * Vegetables * Fruit and cheese bars ' * Ethnic specialties * Contemporary fun -food Desserts {r ie t 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 86. 1021 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�-1021 FA 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. J Since the program can be updated easily, flexibility in menu planning I J' 11 and custom designing of menus for specific client requirements can be quickly achieved. 0 -75- 86-1021 ig DECLARATION DOCUMENT 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 wittiout connection or arrangement with any other person anal 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. 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 $25,000.0O (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: a - 16 - 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) S6. am1021 I , 70M .: -. 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 -17 Partner) PROPOSER: (If Corporation) Nami By: Atte (CORPORATE SEAL) 86r1021 UESTIONNAIRE continued) Q � PROPOSER'S Name: 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: 20 - s 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 CT Corporation 8751 W. Broward Blvd. Plantation, Florida 33324 Barry Freilicher Christopher Bigelow, Craig Trimble R. Skadow Section 5/Document #3 8-1021 s QUESTIONNAIRE (Continued) If a Partnership, answer this: Date of organization: General or Limited Partnership: Name and Address of Each Partner: N/A 4 N_ 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 operated similar business, together with the dates of .Y operation: Type of Operation Name Location Dates (a) Please see attached section `RLiz (b) B - Client list. Volume Services k` (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. `t y Section 5/Document No 3 - 21 - 86-1021 QUESTIONNAIRE (Continued) 3. List below the names and addresses of PROPOSER's landlords for the operation listed in Item 2: 3 Operation Lan_ Address I (a) Please see section B (b) i; (c) 3 (d) i .. (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 i (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 s the operation of concession similar to the proposed concession ever been cancelled? YES ( ) NO (g ) u- `F. If yes, give details on a separate sheet. rp 7. Bank References: B_ ADDRESS Barnett Bank - Timothy McGuire P. 0. Box 2340 ~' Jacksonville, Fl 32203 r Continental Illinois - Robert Curley 231 S. LaSalle Chicago, IL 60697 • Section 5/Document #3 -22- 86-IL021 t' 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. a 10. Have you carefully inspected the STADIUMS? z a Yes ( x ) No ( ) _ F i 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 i proposal: A. List all pending lawsuits: None B. List all judgments from lawsuits in the last five (5) years: None 0 Section 5/Document #3 - 23 - 8f -1021 5 QUESTIONNAIRE (continued) C. Have the judgments listed in "B" been fully paid and satisfied? f N/A i 9 5' D. Are the judgments listed in "B" and "C" currently being eooealed? a -f 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 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 T: AU A • - 24 - If Individual: Signature Print Name If Partnership: Print Name of Firm Address By: General Partner Print Name If Corporation: Volume Services, Inc. Pr i r, 1. 1A ... `. v 1 V V• . 120 S. Riverside Plaza, Chicago, IL �dres By: -e,-- Pr VTdEe nt (CORPOSEAL) 6060 86-1021. r SECTION 5 - DOCUMENT NO. 4 INSURANCE STIPULATIONS AND STATEMENT A. GENERAL: 1. UNCEMONAIRE 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 t' 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, with at least a combined single limit of $1,000,000 per occurrence for bodily injury and property damage liability. 25 - 86-1021 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 e 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 Yt; 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 1 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. 5-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. r ;. 26 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 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 GW 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 $5,000,000 AMDLN''T OF COVERAGE _January 1, 1968 E?TIRATION DATE R 86-1021 SECTION 5 - Document No. 5 MINORITY CLASSIFICATION AND PARTICIPATION INFORMATION AND ACKNOWLEDGEMENT 1. Indicate CLASSIFICATION of Business Enterprise (PROPOSER): E ] BLACK E ] HISPANIC E ] WOMAN E ] OTHER 2. Detail MINORITY/FEMALE PARTICIPATION within your firm or as it may apply to this proposal, if awarded: Please see Exhibit 2 A. JOINT VENTURE:Provide information regarding Minority/Female firm(s) participating as such and the extent of participation ..% of Dollar Firm Name Business Address Proposal Amount B. SUBCONTRACTORS: Provide information regarding Minority/Female - firms that will be subcontractors for this proposal, and their extent of the work y % of Dollar Firm Name Business Address Proposal Amount s a C. SUPPLIERS:Provide detail regarding Minority/Female Firms that will Supply you with goods or services, and the extent 3 % of Dollar r Firm Name Business Address Proposal Amount y D. AFFIRMATIVE ACTION PROGRAM 3 If existing, Date Implementegetail of program must be attached' If planned, Date of Proposed Implementation: The undersigned PROPOSER acknowledges that it has received a copy of Ordinance No. 10062, the Minority and Women Procurement Ordinance of the City of Miami, and agrees to comply with all applicable substantive and procedural provisions therein, including any amendments thereto. PROPOSER; Volume ervices, ne. s SIGNATURE:$ fi • 28 - 86-1021 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 i 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 I 4 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 9 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 'roor Press Box, Orenge Bowl Stadiu-, 15L .M. 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:, -'re: 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 Or:inan_e No. 10062 which established a goal of awarding 51% of tys the the Ci total dollar volume of goods and services to Black, HlCi anc 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 «ai+e Br-, informality in any proposal; and the City may reject any a-ic �11 proposals and re -advertise. (ad no. 4605k CITY OF MIAMI ADDENDUM NO. 1 NoveMp'er 20, 96E Cesar H. Odio Received by: �.�� City Manager l s CITY OF MIAMI — REQUEST FOR PROPOSALS CONCESSIONS AT ORANGE BOWL AND BASEBALL STADIUMS i 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 3 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 _ e St. fy I Ter, DATE: / 2�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 z of Miami is expressly prohibited without prier written permission of 4 Volume Services, Inc." t .y 50-1021 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 f covered the growing liability concerns very well, the primary concern i„ 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. i Define the legal responsibilities of the employees and Volume Services. Reduce the possibility of alcohol related problems. Decrease the potential for litigation. k. . r +t WSt ' 1 f ... - _ . , _- a U' _./ V 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. 8E-1421. 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 contribution to the communities we serve. vF �. a ft, j, C 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 86.' ow1 21L 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 [,I 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 E3 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. SG71021. lJ c VOLUME SERVICES lJ UNIFORM PRO GRAM 6 it 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. o N 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 r> same time will upgrade the overall appearance of our enure food service +=r 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 x O) Restaurant/Catering Lounge CacaAay Apron --Black & Wrnte Pinstripe r: F' Format Bowie —Red or Black Employee's Own White shirt/Blouse Y : Emp;oyee's Own Back Pantsr y M � 1", VOLUME SERVICES ORDER FORM REM SIZES b OUANTITIES TOTAL. PR+CE TOTAL OTC EACH PpCF S M L XL XXL VENDOR'C ONCE S90N (34 36; (38.401 141-44) 145 481 150 511 WORKER SHIRT Xs S M L XL SERVICE PERSON F"ruok 68 10.12 14.16 18.20 40-41 C<XF yM1T• MAk 31 34-36 38-40 47-44 46-48 YAN FEMALE One Sze•Frts•All JOCKEY STYLE CAP MALE MESH One -Size -Fits -All BASFFAU CAP 3•POCKE T One We-Fits-ft CHANGE APRON —BROWN REST AJRA%T, O ne-&?e-fits•Ali CATER'NG :OLNCF CALLA%4,AY APR0% FORMAL BOwTIE One-Sipe-fils•Ao RED FORMA, so"TIE One Sre F.Is A. BLACK NUMBERED One S: a •Fits Al RVyG4 AS 115C r, •A! - ^�m p•� 11 Pie:es NOTE: Vendor/Concession Worker Shirts will Come Complete with Agen D Insign.as applied on ar Initial orders Employee Number Insignias wd; also be affixed to the number of Shirts ordered For those initial orders totalling less than 250 the balance of the Employee Numbered insignias be sent to you detached with your order Please return the exact number of these patches to Uniform,; To You & Co when reordering ORDERING INSTRUCTIONS A standard Voiu'ne Service purchase order or letter mu5! ac- CoT;.P-y a: o•Je•s Complete th ! order forr^ Inse" a corn plete:: votu^ie Services purchase order or letter. and ma:' to UN1FORMS TO YOU & CO Customer Service Department 4340 West 47th Street Chlcagc Iluno s 60c)31 NO P O BOX NUMBERS PLEASE Ordered B) Ship To Add'PSS P.O N Dare Telephone Tote: A° 1�4e•rh2-,d « ' Applicable Sales T2, I ! I TOTAL AN"OJ%7 TH'S ORDER (ALL ORDERS SHIP F O B CH `ACO; Clti Slate Zip Code Ay DLivER+ NEEDEDE)i 7 �DAM PRODUCER VIVS CERTIFICATE Ei ISSUED AS A MATTER °F 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 COMPA `' D LETTER CHICAGO, EL 60654 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 00-k' Erqt '-T DA'I MUM". PDLK% EM;• 4'4> CWT WODw. LIABILITY LIMPS IN THOUSANDS EA- AG3RE:,a'E tU { WMERAL LIABILITY X• cammEaawE� P%WOPERt►JAS X E1(P.OS 3NA COLLAPSE HA 0C CCP001701517 12-31 12-31-89X 7-:2-,— $$A PROaERSES DAAu►GE $ $ ° X; PFKDXTSCW.M OPERAT1OAi B X cohTpAc-ruA. (Blanket) X 00 WXAr D0ATRA;T09tS 91 • PD OOVBINE�— $ 1,000 $ 1,00D X MO FORM PROPERTY MICA PER5JF.4 IhJUR% PERSONAL INJUgv $ 1,000 X , Liquor LiabilitL AUTOMOBILE LIABILITY A }�X' Any A.^: Hlvf�' A.. ONN. A.^ rP�g1. A.: ChN►�:: A: T,E PRM� CPTIL BUA001704516 (Except Texas) 12-31-86 12-31.89 NX. $ ecn $ _ A aohE: A,rX CARAU .IAE1. GCP001704517 (Texas) , -, .ate DAMAGE $ Bcome'NEz Is 1,W0 w EXCESS LIABILITY C Ir UMVZ- , FOW MR T►MA LIM6R�..A FDW VARIOUS 12.31 12-31-89 B6 QED $ 10,000 $10,000 A wOlY�RS' COMPENSATION AND BlIPLOYEM uAaa,ITY WOD01704519 WC W1704518 (Calif.) 12-31-86 12-31.89 6TATtJTORV - ; -;- .Y 5 (EAC« A:Z!.- ;5 OSEAS--P o— IJ ""-, (DISEZ 0T1ER With respect to Orange Bowl Stadium NX ed Insured's Miami Baseball Stadium,Certifi oonoessi operati n at the to Hold 'ty of Miami's ! Warned below is an .. DESCRIPTION OF OPERATgNyLpCATIONS/VEHICLFSISPECYLL ITEMS 30 DAYS ADVANCE NOTICE WILL BE GIVEN CERTIFICATE HOLDER IN EVENT OF CANCELLATION OR CHANGE IN COVERAGE e j �j City of Miami • Finanoe Dept./Risk Management Div. 65 S .W. 1st Street Miami, FL 33130 NOTICE PAN ITS SKE L I AJ UA&UTY 7 AJTHORIZED REPRESENTATIVE • r ii I E8* otters of Recommendation a. s s� 7 r 0 LIVESTOCK SHO`N t� i. d 9 t June 28, 1984 To Whom It May Concern: x Volume Services, Inc and now Interstate United Corporation has been F operating food and drink concessions on the Arkansas State Fairgrounds since May 30, 1979. rg 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 X 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. I We a well pleased with our Interstate United Corporation team. Sinc rel j J H R. HOLMES xecutive Vice President JRH/bj n • ARKANSAS LIVESTOCK SHOW ASSOCIATION 2600 HOWARD • P. O. BOX 907 • LITTLE ROCK, AR<ANSAS 72203 (5011172.§41 - �� E i grange County Convention /Civic Center Thomas R. Sewel►, Executive Director September 1, 19e41 TO WHOM IT MAY CONCERN: i Daring 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 standarc!s for evchitec•tural desit-r• Here eNtahli,,hed. Building service, were also mandated to maintain urn "Kbovc the aver,-r" 1ev41 of qualit:•. " The "',1dn3gement Fee" concept, adopter4 b_. the Oran; c County Convention/Civic Center. ollov ed the facility tc p;:rtir,pate tsith the fold service c•ontractni- in co:,trollrn; service level, price and food quHlit�•. This t�pc• of b►rangemmnt <i�miinr'- extensive catering. concession End mdnbaement experience from the- food ser>>ce contractor. Volume Service_ was chosen as the compaw. that %• a: be•t ae to m,et tl,e�e demands after, a competitive bid prose=s, involvinn a numt,c­ of nnticnil firms. The-v have dcrion;trated an rbilit• to modify its opc%tion to meet the cl,rn5ino needs of the Civic Center and our cAicnt,. Tlie Orange County Convention/Civic Center is ply; Scry ce, -i-ion of lnterstatc lnit(-.: Corroratinn as can intogial pcsrt of °.x budding, staff. he believe the\ hi:kc helped u� n,athi, rsr. cxf•cptior,::l fac•i�„�. Sinrercl. 1 t 7•nomas 1{. Se%%cll TRS!�:�J f` 9800 Inte►nanonal Dave. Or;ando. Florida 32609. 1305) 345-96_r, 86-1021 0 SL Paul Civic Center I A O'Snaignessy Plaza • St Paul, Minnesota 55102 a (612) 224-7361 Marlene I Anderson Manapm- Oircctor September 7, 19EW4 i In :,ctoter 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 local co n: es:ion operator to a national food and beverage y co -._an-: has Frc•: er, to be a very positive advantage in our food scr•:ice area. vel•ane Services earefilly planned the transition, and ca:r:e- it thr:::cr: with no ir.terr::rtion in service to our customers. Cncc on boor=, they be=:.n renovation of our concession areas and have __ . -_ n .. :c :e r..ade rz- i---e•:ore-:s :- t::h the facilities ar_ ecuiFnent :-.:-.. Vcl:-.e ::-:ices w=rks closcly with o_r staff to prrvide is nezessary to best serve the event. a Civic Cer.tcr faz.13t•• w,s cvF: 350 event days wit-h attendance over 1.5 million Events varae= from cvntinental breakfasts for 2;:. luncheons far 5:•0, to sill -out concerts of 16,000. Vcluae Services catered tc t%z nec = of the e•:cnt, an:: maintained the quality standard our c.:_ :cr.r s havv cone tc export... •. •, �_c.•_r. -':y 1:c1•_ e Services is ac:ivcly Fa:tici;atirc ir. c::: :1' py. r.::__. r�-�•:a___.. Frc.•ec: r.-.: in Fro:e_s. The:2 exrer.:sc hes bey^ :c :-, the ::es:=r. :: t`.c• ccnces_icn se: vice areas, an.. a fl:s--e•:e: in hcuse ki:c=,c fay:li:y. - .. 1 .. art- consi:c r _ r.: a f cod and be•: cr age contract for you: er.cc_-are .•�_ tr look to V:lur.•c £ervices, i-.d w�.at the;; car, offer your e_e:ation and your cjstomers. It is truly a r:cfess:onsl fu11-service food and beverage cor..pary tha; has Fat__fie3 o.r eu_tcmc.s and made my staff Frond to have then ire the Civic Centex operation. Yo::rs Very truly, Z ^^ art; Marlene Anderson. 7 Managin: Director fr 41C$h. sos 86-1021 I 0 0 :url►tlr,ltit,ll. ullt' of tilt' rlalitni., lav"- Components of Revenue t.^t t%Iitl �t,r\ 1t t t tiinli.uut,^. at•t•innit^ lilt, ul►I►ru\i- n1, 1.1\ 16 lit•rt•t•rlt ut •l'r,lll!.\\urltl', rr\e•nut•. 24 pt•i-rent ,11 ^ ul►t•I'.Itill" lllt•olllt'. and .fit) pt'l't't•Ill ill its a: m+%. 'lilt, l'ulul,an\ r1, 11 t I!. Ow t,t11'11411-illt, \\t►rltl tilrutlrll r.11 '1"II1%r' ill ltI t,\t•t•tit 1\t• tlillillt,,. collll►tllI\ caft'It•t'iils dll, \t'llelill�t.', I-elle•,luue•111 l't'lllt'1'�. (:illllt,Nll M'I'\t -t,1 ltuu.. ar11I'l'. anti titlu•r 1'ect-cation fucilitit,?�: Ikt• Itt,tt^. Illll'^itl_ Ilt%Illt•r: 1't•tilt•Illt•llt t•tlillitt11t11llI'•: •, I %t%1 t'tillt'1t'^: ,Hill t'%il'It't•lW1I'll 1.It'Ill tII ^. It itl^Ii ,y Itt,^ rr^t,lur,ult� ,ultl lull, ll�, 1.It i{Itiv in nilti(111.11 t am ^t,llt, 1a►1k, ..Intl 1� tilt,talc rt,r al t ull\e nliun anti t % n (e•IIIt,1 ^. t Sl,,ll'1.111 F4wil S\-1vIIl^. Inc.. it I'I'^I,IIIr,1111 1•41111- „l01•1 11Ino III Illy "N111111t'.1�l 1 1111111^ till jji !II\1111,IIt'I\ 22 1n•It't•tll tit IIJII^NI1IItl It•\%'lint, .; 1 wit Lill Ill II^ tllirl.11111_ Ill( I,MC. ,IIlt1 21) 11t'I't't'Ilt �1i,111.111^ II.IIt11•I'^ I1111111^ (1tt('1 l,lllll,llll\ ,I \,11'I- " r•It ,t I1.11111,111_r•1^ .III/I Illt'.fAt.l^I 111^t'llllr. ;1� 1\t'll .►^ ,_ tdl t ^.Intl\tit III'^.flltl t'u11111Iltllrlll,ll\ 11rIn1111 (^. It, tit, -lilt .it ( till it \ ^. �11.1r1.11f ^ utllt'I It'^t.lU- I'll t till% 1.111. lilt 111t11'^ .1 \.Illt•1\ tit 1111.111t\ ^It•,Ik ki „•t Ilt•il Iwo Ili,^. , Ill, {,,rll .III(l ^lnlinp. ,iwl ,i ll((111- h 111:-.II.1,l. licit \I•_('t.11,11• .ul%I ^lull, 11.11-. Con►ponents of Revenue IIIII%illII111'Iu.111%1n.11..11t,at1i11; inllrll,ltitnlal CornlumentsofRevenue Iitt' I % %,11111.111\. .Irt I11111t- t„1 ,11,11r,1\1111Jt1 I\ 3,11 ltt'It'e I11 „t l .111^Nt,1111 II.1('11111•^. � I l,t,l'I ,'ill u1 11^ u111'r,lllllr Ili, tuI .IIIII .32 111•I, 1.111 tit ll� III tilit'I.III ^ 911 In\ur\-t l.,-^ II(11t,1^ ;ulluntl tll, h,Il I \\ lilt 31.7, 1 II1I1111"t'r\ ulr 111 iu1,11 ik lul�iut'^• II,It Irl^. III .11ll,l( 1^ r111'^1^ tltUll 111,111\ IL1tItHl^. It, t►— fill% •11 rllt'^1^ I11,'IIIt1%'^ (l.l\t'11'1^ 1rulll: Ill.- 11111rd `t,l' �i�.:)1 r : t.,ut.ltl.►. 1 1 .•►f r :.{, pail. T. V lllr 1111,•11 KIllrrlt,lll. ,_. 11:: t:,'rlll,lll\. 1,. ,f r 'Ind I►.I % 1 . 1,. 1f 1: The original frdm which this microfilmp was taken was awfully poor. This is the best photograph we' �; could obtain. _AM ors V,1 0 0, L ' I'h111/1: H,11�•1t a h11�11�1�-1.1. I'Ir-11b•nt .uu11 .Ln•t h ��•� 11Uv• I Ijf111.1. (.,ultrrll I ..n 1un.0 n.n I'1111111: J1'1111ll'. J 1i11 11.1111-1111. 1 Pl1•-111. nt .uld 1 lu1 1 h tilnl ()Ill, rl. �I1.111.111 1....11 �,-11'It1-. 1111 . MMNW W Hotel Ser%ices I Hilton International Co. Phu1n: Lull H. ?11.u111. I.ILu1n1.u1111 I h1• M.,u11. H1111u1 Inl1 In.11wu,111:11. .u1111. h.111.1n 111 " 1. I'll -ulrnl .u111 I .1u1 I h.�r1 uA l%3Y�w11 �� (- I 1 LA • l:;Init't'n i I I IIIred InlersI;II 1 n i I t I irl►tAnIIilrl III• l).t. -I InIllhill in cash In ! )cfuhcr I . \\ Off animal sale, ttl n11t,- 111,111 -�; )OI► nlilli'm Inter:-I,It,- \\ ill fill •rt•u,r llarlicmI'll-] in Le\ ,e"rnenl, •uch a, Iiecrvat It'll ;er\ ice's. • 11111t1n internallmi'll ullened Ile%% hllel, in hun,a, (:it\, 11tt.. and Oklahulma C11\. (ill. filth are ol,erated under nl;ul,+t,-lnent clntract,. • �laul.u, Il,ened it,. -(hull, re-lamr,mll—in Slmk%ille. \ll„i„i1,11isaid ended lc)2;.i ttilh .illf unit,. it 1:3 • 'li,n,,\\urld', Ill,md authlriie(1 n,an,+�enlenl tI l,ur- t II't -t , in fit,•All ien mat kt•I III I11 fit-,,, it Irm,-,It•II111-. III, to Itoil I I1111111.11 of 111t• t ulllll,lll\', t'Illllllt,ll ,h 11l•!. I\t•1 INI \11.11- t•lltllIf, III \1.1\ I l)ii 1 . \I Ft'hi tia rN 2i;. 119,MI \►e hfd hltlphl 2.1► millI'm ,h.m,-,. • .A- if Ilrrlht'I lull' (,) t'u11lld,'nt't'. II),- 1;uard. ill April lW'5. illcl. •a-ed Ills• ('1111111,111111% Itle•Ild 11,111) Ott. 11) lu S(1, 1ii 111.1-11,ItA'. all Itwica-e II 21) lit -it cIll. • OII I I,-, vnil- •I :►•i 11.111-ttfil ld 1',-d,-t mcd fill' Illt-1,itldlll_ 'h-0,-- 11 Ifl,- % tJiw t fill �-20.(NI 1111 4.111' 11111- a (1lt Id,'fid IAIItI- IIIIill `1 )III till- ,1, 11„11 ,[fill Ill.. e,111 If III,- St -I iv- ( . PIt'It11141(I k In I it., ,'ink-i Ito:: 1. \\t' hjw Il•dll,'1•tl ,[III 111t•11.111•41 dl\ Id,'I111 I,',11111r1111•III- 11\ � 1.i..i IIIdllnll l„'1 \,•,II. (r,IJI- .[lull f t1111nI}t I 1,111-\t,11111 I11,111•I_t'III,'llt -null,', II,III,'ll_III_ flllml, I'll _fill- fill III -Ill lilt• h11t1111_ , Aillllmt\ all. t•,I, 11111 I111•-111t-1411,II1,--. (u .l, 1111 \1'-I,'JII\ .Illllll,d 111nI11 r 11\III 11 I.1 lit•n-1-111 All In't11'I. ,[lull II ,-,fill ,1,'fill-1-1,-111 It'111111 Ill-I1.111.11u1d,-1 e41110 All 211111.14 full. \1nI,-I\,-1. \\t• \\alit II ac('u1111111-II 11! r ,I)Ill)!w- Ih11 ,'I1\ ltlld,- 111.IIIIfallllllr mull slflllg IIN.Inel.11 I'e/-111AAII If1 \1•.11 t Ill A Ilt•1)1 lI A-,11111.11 1.IIII Il,ltlIwelIIt•t111t'tv11,,21 let'rct'nl. ]ill-.IIg!e'lhr'I N1111trill VA-111u1-IIIII1(of �1trf,.(1(I111hIr1.11 \eal,-Il,f, aI)Ird- m- ('„II-Id,-1,1111,- 11,-\d1111t\ I11 Illl,lllt'Illg: Illf,-l'll,d g;flNfll. 1'1I4•rll g, t\ Art If%%11114.'11'(llll-Itllll-. maklllg! Ilflt'I' 111\,-sl- mclll-. /1 ac'ce14-1,11In". Ill,- fe11111ch't-1. If et,111111111 -,•tcr.11 \,-,n-, "I•r.m1-\\/1'll 5� "�`� .Ir I11,•\,-,1-1,'.11I\ 11111111\elll,-lll 111 I11,-1':IIIIIg' ,-,11'1III1+:-. ,1- i; \tilt it III II11,' )I/ln 111,' + II II l III _l. 1 I11-ar'eIII!- a :, kr fill-llr•e1,-tr•r1file•1'11.11lufhd .Yr '� N,-1,- le•1111, ,-d tfill lfig 1111- 111•r$fill 11\ It+lt•Irll A'11114-11('ll•, %wak,-Illm' 1' Inl-( Iht• 1�*. dlll,u. 11c h,-lict,•,•a"ll II �#Yr ,•t}� 1111 (Illll+,llllr'- I- e.11411,1,- Ij -Ih(1 /ll,-l'.Illllr III('1111(' 'rtcfr �+ t"J rIr+111I1 111 It!iilt .[lust lu'\III, I. \Av cut, hine a nun-ul,eratin): factor fluff %%ill sit' our rel)Art ed earnings gnmtIt in 1986. Traits\\orld's eITVcti\e la\ rate is rising; as the c'onipam c onll,lrtt , i transition from the higlll.\ c•apital-inten,i\e airline' hu .- ne,s ell till- m(we stable. and l►rufitahle. set•\ ice Uur• effi•clke ta\ rate. \\hick \\as 2:3 percent in 1981. role to 27 percent in 1985 all(] is likel\ II reach -10 percent or more in 1986. Despite this transitional ef, ,•I \\e remain confident that Trans\\ur•ld call achie\e it- l►rufil uhjeclke, in the future. Oil an t,l,eratint hall,. Tram wirltl ,Mild Ill- +•- fit Ow- \ear fi•um the l,u,ilkc impact tun Hilllm Intel; - tiun;ll', re,ull, ufa strengthening of turci; n c'urrenc. and anticipated eummi tic grimill ahruad: the full-\, cmllrillwiln If the lnter,lat,- L ailed actllli,ililn tI ( n- fe,-n: and flit' llr(Ifit tur•nawillid m, are -trit ins 1,01, ilf afun" \\ilh continued ,ucce„ im ]larder• Inme into 1987, \\ilh a more,.taldc t,l Ia11', Nt t'\1,t,-1 1111' (pperatlll,_ e'arnillg. - r1•I\\tll to file IIIttIn1 line . enabling,'Ii:uls\\Irld to re1,11I in1I11 Int fill in earning:- per share 1/ match fill• underl\ iu -Irrll_th It Iur 111ret• ('111111 illit•-. t ! N."alnZaIitIna l eulll,- fit,- Ill,+llt ertlldltr,-- ill ]nl,-r-I,IIt ruled k%h" Ifi11,1•d 11- III 1(lii.l, \1 IIiltln Inlernalilnal, Fd 11,-\,-1. iurnn 1 11 i_ d,-fit 11 It'll -tilue dirt —Om II "fill-t\nr1,1 I l 11. h,+- succeeded t:urt ;U'and a-•l,rt'-id,-nl :old , h' e\r t'llll\e I)II,-,-1'. l.11l'1 \\ill I.Illtl)llit, IAI r-A to }11 a - chairman If i1, hl,nd f1111\\img: his relirt•nit•I)I 11,1111 . of e\r c uti\t resl,In,illiIitic,. Arif\ \filler. if directlrll "Tran.s%%orld ,int'c 1978. \\ Ill retll't• trmll tilt. 131a1•d Ill lilt' I,-,-asI111 If u Am mal \lr,-ting in April. \1t' thanl, him till- hi, \e.n• i cullstruclM. cllltrilout i/n, t1 the Board" dellk-l-alill and \\e \\i,h 111111 \\ell in the \ear, to cIn►t•, F'inall\, \\e thank all e►fthust• \\lit, cuntrihut,-, I "li,11-\\Idd', Ilr/g:ress in lc)Y.i--•harehlldt r,, t�,i.(p t n11111„t s arlmrld the \\urld. clit•nt,. cu,tlnl, 1-.lull ItIt1{t III•\lard Ie1 .+II t'\t•11 hellt'1' ltliil►. l.. F:d\\ in smart 1:11.lirmall and Chief E\ecuti\e UIT March 21. 198o +I►3 i—ILQ;!I I Dear Fellow Shareholder: 1 it a near in i^ hich the I .` economk greN only 2.3 percent. Transworld*- tyrratin, earnings increased 17 percent in 1985. Dtitii,_ 14,5. management also implemented several import,tnr -trat► gic and financial programs to enhance the Yalu, •d %ou. investment. Net income, including an after-tax r;aii. (.i. the sale of Century 21 of $102.8 million. was S217.7) million, compared With $115.0 million in 19,' c i in, ,►m front continuing operations, excluding the• sal, . • .•n- tur% 21. Was $101.8 million, compared with million in 1984. Earnings from continuing o1,• %ere S2.56 per share, full% diluted. up from i i,.•r share reported for 1984. Earnings per share Ii-w net income ruse to S5.60, full% diluted. front �-3.i i, i the pre%ious year. Earnings per share. Muth on net iik ,gnu• and on income from continuing operations inchi i• - a one little charge equivalent to S0.13 per sliare r,•{.,.`•,1 to the redemption of the Series B Preferred Stock. During the %ear. We sold Centur% 21 Rco' I -kite Corporation. a nwme that Hill gi%e improved fo, i,- our compam's management lalents and enable t:- present a clearer, more compelling imesUnent I. �u- nit% to lilt- financial markets b% concentratin' it. lodging and related businesses. Ili October. sired lnter.state United Corporation %hose fou►I ser% I. d y. It-isure-time businesses Will aurntent file alrea„ - cessf•ul profit growth program at Canteen. In Jim: began a common share repurchase program. and. ,:. December. we redeemed the remaining shares of ,� s - h Preft-rred Slock. Operatiunall%. Trans%orld's three major - -idi- aries had an excellent year. Canteen continued successful program to impru�e margin: and cuiu rate on its less capital -oriented operations. Sparlaii s 1 1,iers di%ision had another outstanding %ear, while Ih, iin- c•i's di%ision dealt with lower traffic counts in it- _ ment of the restaurant indumm In the huiel bu- Hillon International's stronger operating perfurr, e became evident in our financial statements as GO n currencies gained strength against the U.S. doll., :f= s: 1985 Highli Tits 0it C)ctuber 31 g.1'rau- rld c•unipleted the sale of Century 21 to Metropolitan I -�p Insurance Conipam for $251.2 million in cash. c; nienl concluded that the growth potential of CAe'ntu, , 21 was in the financial ser►ueti area. wh WQZIL inappropriate to risk shareholder:' valvc�i I— 4 .e� - - ���-� , v'�" .m: � ,:y /I ell, f fit' Af jr 4-V 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 - .�•-_.._ .. .. -. ., _ _.. _._ .... _. �_ _ ..r .fit... _. f •_ - Transworld Corporation Annual Re ort 1985 :fir 1n srhaieolder _ - - a�rslue'.ro1� - +.a��a.z_raa�rfst.,ayca� � '�,�.� ...:r,►_;aa - ... . - ��" l t. '- � ice.. - neaa-rr•ti.--:.r.-.w�rF_ _ - . _ _ - wtc -�,q•. - _ ar -� -_ -c� z�.--� •]'.�Jt " '. '_� • �'.� _ - t: tam A�y�-'si- c ..�''': re :''A-: __ _='•�:'StL't IV I / I I• � /fI I I •�' 1 � ' y NN 41+ 5 - 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 III •4W .M AM n ._ ...W.•y ai]r .:.Ks •.F4•�- ill#.• ...`!_' _• _ 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 prc"ess:cna: resident ........':er and anj 3r'_3 Menus and Merchandising Operational Control pr :f er _ni'at._:, ana ........., _.......tee �.. t3'. .....es .� a-�.:r3._ ... r.�.:n .' Staff Support Services V. ,.. ...aCk •.;p ..:.ch, r _rerQt...nJ ..,tn a • �..: _:=P,etnent C: S.::. :aff support mc.ing es P:ann ng and Des,= Research and I abcr Re:at:ens Personnel and Tra:n.na Ins::rance and Tax Consultants to n-ZM = a fe•.. 0 F17 -" -;7- na WNW- ir It 40 BMW Banquets for 25 to 25,000... The Volume Services professional approach is a,sc 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 custcrner. our dedication and enthusiasm for ex- ce;:ent 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 ccm ^un ty and business -related -...Zat.ons Referral Booking ti-zt:,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 create unique catering menus for each iccat:cn that are attractive, flexible, and cover a :'::de range of tastes and budgets NO, WN 8 V .* 1021 w IV 'JI 1 .. _..ia r'-• .....�a.7►r �t., resat... _ _- M,.,,.sh�gg.7p:..:,Ty.,•R:�a�•IOaiT V!— '11 "' I Volume Services... The Leader in Food Service to the Recreation Market I ,-� Our People Mana _iers .: aCers and :%ai esses chefs, des»n�rs standworkers. banquet salespeople. acczuntants. superr:;scrs :j : 7,7 _ . � e~ p:cyees of Volume Ser vices anu Interstate United Corporation :':;1; '- q .nest Our Experience " Our Training Th:S ... i_._ and ... .. . Our Systems = Volume Services C_.._ __._.. _.:r Pr''.ra M d`:a C u, c_^ p ::e: p package _' ser'... _ .;e Our Financial Capability P' C, .:e ha:'e the f:nanc;al resz-.:rces and ex;b;rrr: required to d^ !.he lob Our Pride We en;: y .crk and take Treat l_!;zie :n say- ;nq t -..:e Jz) it best . May %e serve yoa` !//!!• s 4-Unit Concession Stand 1. 1 1. 1 • �� 1, `I 86.'60P1021 PUP -y . AN Al dil 40pr fs kv Ott .12 -71 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- •; e„tip , 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& ..... :., p:l:fessizna. fc.-d se!%%ces ...:n the re:rea!:= mark'e• Wh.. 1� .._. _..-erta:nment fac:!:.:es se'.ec: Volume Services .-_ te:: Management ..-.. �_........ a: '; _.... _._ :-•e .::e ICJ'• :n Market Orientation � --- - __ .:...ors _ �... _ .:rs. ', : e se: •. ; ti-;e^. Maximum Income Teamwork :eve.:- anu .:-I': .. .. a!I::.c�r�� .. �fi !h& I A AM I A.-'. TFA HTA AGTCA I A F E NA C a:.7 Ti:a �Ar.. P: cfess,�ra: Basetall Lea. I 0 0. • 16 VOLUME SERVICES , Thank you... C. k,. = for reading about Canteen Corporation in this RESTAURANT BUSINESS article on foodservice management. h Canteen Corporation Merchandise Mart Plaza Chicago, IL 60654 80-1021 Thank you... for reading about Canteen y ; Corporation in this RESTAURANT BUSINESS article on foodservice management. s Canteen Corporation Merchandise Mart Plaza -_: i. Chicago, IL 60654 _ F t'• 0 �1 86-1021 i lh.st�• ., ,af�.•nt., .,,!� .t• 1f.\:,.�:. L.t, !•,•, .,,.' .. ;•.. .,:sill.. ,• .l,;.t, •..",'+ ttt,ItLt_c'ttic'tt1 ++t ��+111tTt,hllt\ Uffll/:f- tl,vl rn�r.uns . C. ile_e, .nisi uimersities on the he:,ul%e file% lend 10 he tits n:,lth.t t,+r C.utteen I ll, %e\er, the ,,,mpan has re:enll\ piAed up �e\era! :,+ntr.l:ts In addition. there Is ; '!:ntlal for the Gullt\er's con. :ept In :++fle es arld ulli\er, Imes. par- it,ul.ltl\ tit Ilie gn+\\III, area j I1lllillt\ IIe2C,, M10se r++rnlallon., .ire I,u_el\ made up of:,\mnluring students At the C,,Ileee ill' Lake C+nnit\. tit Ilhnols. the'"5-seat (Jul- ll\er'% (licit• does more than �2.(ICN) 111 hll,ntess 111 .1 i\PICA d.l\ I, orre:►i+,nai insiouti++ns repre- sent another area of gr(mih h+r Can- teen \,itnte that population tit this is Ill:reasmg at the rale of ahotll ''t percent a \ear. Krpan pollils out that prison administra- tors. ilk, their:k,unterparts In health :Jigs .Iri Iitrt1111g IU ItlltsldC pr+lfCs- I I,, eas: the hyy��r.I-it ofsatisk- ' ulg hill) ill demanJ. uI Ifie :,,rre:- 1kg1.11 s\slc'rll .111d Ih++,c• of 111111,IIC n hi, groups :end ,1, Ill file :,Ise ,d elelllelltar\ ,:11h+1,.:,+rre:11++11, +tftl- clal, lutist also deal \\Ith :,+llini d- Irtr, tmWail-11 rr''granis File rn.1- j,+rlt\ ofthe eomp.11l\', :,+rre:t1, nal .I::0im1% umlerate \,,Itlitle of 1�1 11111- I1,+11 Or 1110re. I orion Deieilnon Ceti - ter tit Vir Inl.t +zenermes j_ ', mll- h,al Ca►lic•en has elgllf :,\rrectimial ae:++unt. Indt:ali\e tit' the _,rowh Ilk,de. most +,1 these a:,viints \\ere sl,_nrd \\uhnl the past \C.lr Boolld (hese opportunities, K,+/- 10t\ 41 sees a !-'rent deal tit potential hu,lues. tit retched .Yeas. "We hasi- calk \\III e\plore .111\ „ppurt1.n11tle, that :ome our \\.I)." he asserts. "We feel that \\e ha\e doeloped a mum - her Of dCslgil :,,II:Cpt♦ th.It :all be nnnuall' heneti:ial Io file:,mipam .Ind to the :heat tit .e\eral are.t..:1 Just ,Is e\anlples. Ko/h+\\,i I cues :uunll} club% and lilt) mo11al :,+tlrses. olffee shops and snack hors tit hu,pifals hill nldepen.Ient Of patlenl feeding. resorts, mid selected nllhtan feednl� In addition. ,,r\s K /1, \\,LI. the :++Illp,lil\ I, III\C,IIg,111i1„1\ellllc',f,+f relateJ nl.ulaLelnent ser\t:e,. ,u:h as tl,ulsel,eepnlg Mid hutldlnl! nl.11n- tenan:e. \0101 \%otlld he:ollipatlhle \\lilt C.1111eell, e\Isll11,_ :Ilelll Klse Such ne\\ husnless till_ li he ,I,•- quired or doeloped mier11.111% "Cher altitude lo%\ard a:yulsln,+n Is r+l,ltl\e. pr,\\Ided \\e:an Lind the nght tit. Primarily, \\e'd he houl.ine m foodser\I:e. but p,+ssihl\ tit relat- ed fTl.11l.l_cY11Ci11 s\steins " Ko/- low,k1 f,+resees lip I,+ per:etll ,)t the collipt lWN ♦INI.IIIIed growls oc- :urnng thn+ugh acqui%in,,n. both tit (erms ,if nt.Aet till .Ind tie\\ pro - duo ser\ice :apahlluy tine Ihlng, Canteen \\ill not du. :al.114111. file :Niel C\e:n11\C. Is stra\ mangy suhstami\e\\.i\ I'n+nl t00dser- %ice. 'Ake'\e fimde .I pl.i:e for otir- sel\es ill the fOOLI.er\Ice I1LIIi.et- pLKe." e111ptl.lsVe, h++/I,+\\ shl.��.11ld th,ll', \\here \►e'll :,+nluute 1,, slug It ozi r tesidents li%e an complexes of cot- tage. and apartments and function to a great e.ment independentk. These residents tale their meals in central dining room%. and ma\ be served b\ a waitress or eat bufTet- .t\le at breakfast and lunch. Dinner is ser%ed at table. with resi- dents ordering from a menu which fem Lire% at least MO hot entrees. Although only about 15 percent of i he health :are market has opened to contract feeders. the segnnent is a rel- .tti)ek recession -proof one. saes Da - Id \\ itten. national director -Health Care tin ision. The marketing thrust for the dii,ision w ill he one of "con- tiolled expansion." adds Witten. concentrating in Canteen's estah- Itshed stron=holds to the midwe.t. sOuthcast. and northeast. Currently. Canteen has about 125 health care sic:,,ant.. 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%sicnns. a proi,ider of plated. pre -portioned lunches to school children to zrtdcs 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 it, Krpan. Canteen expects the demand for pre. port meals it) grow. This .additional demand would au„- ment Canteen's more Iradaion.al business of prop (ding foodsrr\ Ice management to school di.trncis. Krpan adds that tine of C.aneen's pnman rules to pro%idnng foodser- 0ce to elementan schools is its Srlt-sc'r)cr hars like the Earl) Bard hreakta%t niodule are One temple tit 0titeen's etl;)rh to Cut .o%t%- Opt ,C 13 0 [rr.;.'',. ,.r,'.,;`'.,'.'..,'ut.rrrt h'..r[r,';•• In,hr,ln{_ [ hr„i: ', i'Va Mlili[.urir'r. _1!! ,h,`I" ,It `11 'fit'. fta,tl,il- tl„ 1, ,II" 111, 1111i.1d tilt- , I,IIII_ I, I. ) .I,11!, .11:.I I',� �, f� III•'1, .ttl,1 111 `';, 'Iti i1111_ I',11t1,111.11- It i 11111i,'III , Ili\\ I,1 „• -:!I! Iil.lJn,' I„ tiII11hL'I,tilllll:111 ,, f,, .l 1, 1,, (, JI1, ,1 I)Ll:ll•„II, Ili L11• itf c11,,,,I,. .•i I)i:cl,l.,.l\, hll`.uI II,, ,11„ri ,n1n111,1,11 Jt,V, .11. ,i t:hnl: 1.' !,!, tits III. .ttltl lilt ill: l�'�',1,ii\ I,i I 11 1 ,1 ,I\I„ i\I\ill hkL t1. ,•I .'I rl \\I'd.If „i�It.11, dwIll • III ,1ii :,)NI -A,tAtI"A,)II , it, ihr loll ,- 10Irl rtii,'t„ff DR( r, l,ti,i lilt' J\C1- .1_r h,"I'l:.11 ,1,1\ ti.`\\n ill,• :h.l!. leil_i I,` 111, I, t, 1111i1.%ItX A111t'l.110t, I, „\Itlt .t tl I l.11\ hlt,L'I.I III \1111: 11 I, h,,th .1!,t,.'.tlln_ I•, Iht' I�.Itirni .Intl Il„n. MIIII' ,irhrt,mmaft'iA, oi, 1" i1: iWA.T111 All' hr,lhh care att,nIIIII .Ilt Ill a fir hasi,. Ihiri i, :t irrntl l,`- \lard, a gu:u'anlecti rt„ t err h,itirill da\ basis. \\hich funcnow, it Nil nu,re Ilhe a rS i at•:stunt. ,a\ • Jminl� Bhihar/. district manart'1-0l,ir,t- ti nls for Canteen's 11c,ilth CJIt• Di\ i,itm. Canteen',, health care iik:co :ir, trlltl itf hi:ll,t,�I1lrJitl I,f 111i h.,ltl;"'! h,IhuiJil,�n. \\bile ,till utlhnn_ tilt III Ina II h,1,1, rInc r.tIiII .Intl,\Jens, I t,r ni,tanCr. the IAVL:dI ,I I'll I,111ir ,I, if IA. ::I rC i',t, flit\ ilr, the Ih;-he,1 Ltiw,lrti ll,"hl:.,; II i ol,11Ir. Ill . air suh,l.ult;.di\ t1W.;- :III Iron th,­L: of the I'ri,h\lii'1,111 il,fil); In I' Ill , olli Of .1 `_1',`11111_ IILW0 I 01 ,lihintlint ,hlllrtl-,Jli 11\ul� .� ITCH.', tin ihr rltiirl\ At Ld\\.trd. \\h:rt tl'Ii ,• _ ' ; .. th,u: !10 , ,Ili ,0 011 !11i'Nil, I,llih .1, the lll,r. III atltll1 on t,' ,ll,i. lit-tl, ,Icn:,l nlenu,I l el .11! r.tt,tfit, •',!, Iwill a Ilc\\I\ i'.I11f ,flit'" 111r1111 .lilt! Jii loot I, i,`,`l%t'd. Ill Milk. 1,`,`1'u:: \Il:\t,l,,- ,:r' I,h,ill ,tl Ill: rill t`1 Ill, In-1: r...1 ',t. lellll,`I,e, Ill,' It',i,Itll,tll: '1!,I:•, At 1 hr Pic,h\ tirl.ul 11 iJli 1J,IIIt\. nl,'It th.:! � , ,.I f. I,. !•.,•, .,.. .rr. nr,;` .:.cu ;`.r; • ,`7 Curt., , c'r: rf`!, .I A*,* l.,t;:;r_ V _ .. "• 861-10 21 e. I?1.: Acoirdrll_ it, [).tit hrrail, re- t.t:,111t111 .WC01111tit rt1.C:ertain ellill• I:n_e. Iho tend it) he bong -terns d :owrii:t% and the\ tend it, require ,uh.t,ultlal Imestnients. In addition. rl Ole field I,, rt1\\dcd \\till compen- wi, I,`t11tn1_ f%tr a riece tit' the lel,ure i It`.Irhit it, protect thenl.cl\cs frtlnt t \Itlssllllde. tit the 1radilloll,11 li,l •:_Ill,nl K;,rcmion a::ttult. ,list\ lend it, II!, hi\ .e,la1n,11 In nature. ,Illd a:- „`1,!u!_ tt`l;et,r_e moue\. \1:eI—_ d d;n!•le,le.11l,tn .er\l:e.. tltl'.ettul; (hl, ,Ca,tln,1111\ 1, tine tit the dl\I .;,•n'. ht_::•► ,hallrn_i. In 1'ellt`\\ ,1.11i \.itional Park for nt,iancc. I \\ h:I: C.ulteen'e I\\ Ser\ ,-cs dr\ t- i ; ,Ittl berate, ocr\Ihnl_ fn`nl food- 1 .nld l,`.l_Iti 1_'._'lll' rooms ill i- j _11; s,r.lr,lte i,l:lllticsl It, I,`ut hus- 1 , .Wd h,,rsehack rides. ill, 1,` `Ill per. I re\rnui, .Ir: `_ener,ited ill ,I 11 ,� •� �-;n,�nth rerl,,d In,lddul,ln. en1- l:.".:n:nt from ,I full -tint: to .1 ,e,l„m.11 hl_h mAin_ Ir,umn_ surd le- t:ulin:nt .t \er\ 111111011.1111 \dtht`ugtl aided I,% the t:i:t that lj'j'I0\I1II.IICl\ 11.11f oft the 111,111,1_er, ,rlld ::1, to ?U percent Of the 11OUrl\ :4 \\,`rl ers return each \car, the first- - ,1,1\ t`rlenlailt'll Al YCll,1\\,1,1ne 1, ,rni,:j1 Sa%, H L Ftn:hle. ew uti\e \i,e president and general manager 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 Ills' i ellt,\\,(,`II: 11.Ith Dw,t,`n It, :,Cl ,1 \\ 1101: tie\\ , 1;\\ t`Il h,`,Ird Allis read\ I,` \\firs, ill ,I master ,t d,l\, \\ it11 Illtl,t ,,I_,IIII/,Il;t`Il, 11 Likes \e,lr, It\ de\el,`r.1 :(Illllre We h.l\c 110 d,l\, It, tit` It Auld Then \\e lia%c I,, tit+ it .111 o\Ct a_,un the nc\1 \car Pride ill the I,1h mid nior.ile,lie :ru:till. hc:.mNc those Ihnl_s ulli- m.11el\ alle t the yuahi\ tit the \i,i- t,`rs' e\rertente In ill,- r.tik „ \\ hell I \\ Ser\I:e, Ita`I, t`\er the a::,llllll 111 10'0, the to doill_ 1,I:IIIIIe, ! till t•,bnur_ 1%,me!:r,e/ t`/ (.rnl„n', nrt,lr rrrrt` itha. 1 '4 .`41111h. \\C1: III a slaic 01 ,II,I:1`,111 ,Illd 1,10d Mid he\ertl_e \\its .uh.tan\I,Ir\I. ie- :;111, Rii,:Iue. III ;111 Lill rre:endenI cd inme. iheointract that IA% Ser\I,es ncg fluted \\ith the National Pmk Ser\Ice :illled ftlr the operator It, Ill- \C,t==:elll,till e\er\ dollar ,11 ,,Ili, ill the fa: rhnes, \\ hl: h ,Ire t1\\ n:d II u l percent h\ the Part. Scmcc. In a,ldi- tI011, C 011_ -C„ h:ls ,IrrroI'!:.II:J (buds it, ei` ti`\%ards re\Ilall/,loss n `I iellt,\\,loose. It, 1,Ir=C,1 1'mis \, ,l result, I \\ Ser\ ices has .rent ,1 suh- s1,ul11al ,Inl,`wll t`I' llit,rle\ till ,11; ttl- tul_ ul1_rade of htlsrit,lhi�-i:lat;d h.Irk i,l,illtl:.. ni,ludmg s,-.` mil- Ilt,ll It, :oII%Irll:t I. it'.1111 \ 111,1_C. ,I no% :tlllll)lc\ tit 1t41_III_,Ind l \ IX tnl I ,Ilse ) elIo%%st,llie In of der Io 111,1\nnv: Its ni\;,I- Ill:ltl. the .olllrall\ 11,1, 1,I1111,11;t1 .I \1101 of 1111, thrtl,t I, N ,11 t1, 111, t:,11111, hU,llli„,fill-Ill: IIli \\nut? ,i.la`n.\\Itin urlo_(ulu1,11;, f.111,,`n the rarIs 1 \%o h.•;;I, I1t`\\ r:111.1111 i111C11 durin_ III: \\111k.r 111"IlIlls..111d [lie .olllp.lill Ill,lll11,1111, l Heel ,`t-,1\er then, \\ \ chi, l;s I,` Imnsr,,rt ,supplies and \Isitor%,1dikc: III ,ld,lll It `I1. :III`\%%I,`IIC I, 11:III_ 1110111t`ICtd As ,1 hli,lll:s, ,:m, r,luritt_ non-r:.ii, nionth, 1111.111 :t`II\illlit`ll. .Illtd nl;elnl_,,Ire ass,, the ft`:us t`f.1 snnl- I.Ir nlarl.elnl_ thrust ,it Ii\c I)hl,, State P,Irhs. \\here the Rc:reanon Ser\ I:t', ill\ 1,1,111 operates ,111111,1t' f.i- :lime,. And at file dt\ I.It111's Ile\\ ,1:- count tit the F\er_lade...I rr,hmi- riar\ ltr_I,IdIII_ 0f1.1:IIIIIC% tile[,: h.ls CII,Ih1ed tide ni.lrkoin_ shill tit rrt,- 111,11C fide till rllotilll. of SerlClllt,er. October mid \t1\eniher tin .I ha.is. Stime tit' C' meteell', other in.11tll" Recreation Ser\Ice, ACCO 1111s Ill- :lude the North Rim of the brand C'anwri tit Aniona. NASA henne- da Space Center'. Spaceport Lti V I number tot .talc: ht.a Aie, mid park., III CalifOrnta. Mid HC• Place. a IIC\\ Sta- dium comple\ tit \'an:oti%er. British Colunihia. Area. of pill enttaI oroml1 IIIIJULIC 0111\CIIH011 :CIIICr.. /tot,,, and state mid national 11:111\, \\ title C.11ll:Cn'. re:l:,ltlttll.11 .1:- :t11IlI1.111\ul\e 11 Its e\el'\tlllm-, froill r'III1111111-1 1!11. stations III I11.1111la♦ to 8E-1021 71 :riChlaIC 111 _5I11 annnct,ar\ of file p1,1111 oil tile• Nest Coast \\here the\ rrlgtillled, hulld-\our-o\\n harS are partitularlpopular. although their poptilarit\ is rapidl% spreading across the Countr\ to more tradl- (lon-hound markets These bar ha\ e also pi -men a, adaptable to loll-hu"yet a:Count, as ihr\ are io the flagship a:coUlits \\here• Can- teen'\ n1-1101.lse ar:hitects ha\e de- ,lened the fa;:il les froni scralCh At the Sanlf Clart Count \ Go\ern- nlrrll CCr11cr In Sall Jose. Cal . for ill- ,l,nl;C. althoueh Canteen has had till Jk't'011111 floc the p,l,t elghi \cars. the I'oo,isrrl:r f,t,11111Cs %%ere de- ,IgnC,l hl tilt prlle:l ar:hne;i and hl_I1 l.lhol ;11,1s dll: 10 desl_I1 Illelli- :Ion;IC,wrrra:lon,t,ultpr�hirnt In 1.1,1 less 01.111.1 \ r.11 ago. the l(w)-scat re,t.iw.iw p,'tmmof thCLl;ilt(\ \\as ,i1'sC,1..+nd 11n!\ ,1 ?lul..C.tt :aft-irrla n'nl.uned Ill oprr.dwil l tilt lilall l_• et Ro ci N\,on; ,ol%cd the probleill h\ III,1.11I111;-' ,I ,Ir)Ill IC i:II•-,cr\ I, e ha In tIC ,nlallt-r dinnlc area. and ofli'r- In_ ,In III)menscl\ ,u:crssful h\-IhC- oun,r elhnl, Bola) bar that ch,rlr_C\ dx1\ No%% tilt- fa,f iiI profit and los, a::olJnt M11,11 is opCII to Ihe puthll:. h, .:,t, 11117I; of the I,lltrst f0o,1 :0,1, Ill lilt clofllpall.\ , Iij.% .11 t.t talknl_ ahoul \\Iml Can- letn :.111 "• unit-) IC„-IIIA1I-prrfr, f „1n"rtll'It'. %.I\s 1),rrrelI I. )cak- Ien \. �%C,ICI AICA \lee pre,ldrn) un- elCl \11will 'ill I, .I,i1mill f,111, " i h; I ; 1, ,1 y\t-, 1,11 , h.t l l: n _; t, 1 pro. \I1°11_ f0f IIlellt I1t-,'111,IIId,,11i,1\111_ flit ,ll,I.11110 \\IWJI lilt f.WIIll\ Isllol 1111 IIf, pfitml\ list f11r repair, and lifiphl\ CHICtll, smIf .11) .Itlnudt is douhl\ Imp,it [.lilt Ill t11d.f\', e;01101ni. when Cnl- plo\ers are taking an c\lro-hard io,tk at lilt. \,flue of Ihr henrlii, Ih.li tile \ pro\ide And the aliftudC;I1,1, IIII,1Cl ♦,1,re, ,I ,t,fpt,f.liC pllllt„oph\ ti.r\s h"/I, %%ski "If I, our re%ponsl- hllll\ 10 hC \lJ:t %%llll Wide[ :01ldl- Il1nl, ,1, wC litho tKIII. 11111 :is Ilk, 111,111 I0ht- Ill 111hCr words. pLt� \\11f1111. il.lnJ rII.1t',hrt•ndC,tll \uu .. ( .n)Itt-n h.11 1,le+t'I1,IVd .1 nunlh:l t,l prl t21,1111, , I11d 1"''11, I1"111.11 CHAN, II loll 11,1 ploill. h1\ ll,e ll, hand. llol 0 At ) rlloit,tonr. C.1weCn operare% re,t.lur.mt,. lodim_. rift shop, anti tout, the least of will, h IN a general pro- gram to reneg mate man\ of Its p,Cl i:Count, into less ,peeulalne nian- a_enienl lee base, In addlnon. Se\- eral \cal, ago tilt :ompan\ \\,I, cic- cenn-ahird. creating :I flew la\C1 of grnrr.11 rrlanagc'r, \\Ith ultlnl.lte rr- sponsibflil\ fior the perfornianx of all ac,oum, \\illim theft branch. or disin:l )here :ire SO conipan\- o\\red hran:he, % whin tilt• Canteen s\,lem, rep, oriIng to one of Hour area \ I: c pre,ideni, "-1111, \\,tell) has J111owed ll\ 11, he \er\ tfinel\ ill our rc•,pkm%c to Cli,ul_c', Ill Ihr marketplace'.- e\- pl.nns Haller. "because the people who kno\\ the local market hest are the one, making file de;f,fous and Ihr ,one, \\ if,, arc accouniablc." In addliJon tit, it, Company -ow ned hr.mche,. Canteen i, the onl\ food - Set \ICe cunlpan� of its kind to ha\c franchised location, in fact. frail- Chi,ini w.I, a major factor fit the conlpan'%'s pattern of nn r\pa,lo There arc more than 130 Itldl\Idllll fr.11l:hl,ed lucallon,. operllul_ mmidl ill Smaller cities A:cordiii_ to ho�low,kl. franchl,in_ a terruor\ rai her ilfan '_oin_ Into ll on a Conlp.l- n\-operaled h.I,I, was tilt, illo,i el fell\C 11.t\ of CI1I:IIII_ ,ill :Ilt-.t %there lilt cornpan\ had no mana;oement base A, the compan" e+aluates a )le\\ area of the countr\. it de,ides cooperarf\el\ whether it would he more illdt;loll, tit, ffJn:III,C the terrftor\ or conil\,fn operalr 11 Mme\cr. a:;ordine to h,vlo\\,kt file fran;hl,et: network Is at ill), point relamei\ nlaturr F sale',. \\ hlch are nor In:lltele'el in teen', rrsulls. aniounl i,• ahout c_I1 nulllon annual)\. As fit most sucCc„ful trap;ill,; \,Irrll,. Canteen'% fran hl,et-, ll,; the Sarre prograin, and %tc•m, u,;,: )n Cantc•c•n', compall\-operated .I:- counl, The% ha\e first rf_ht of It-- fu,,ll on new ple;es of husines, signed fit their ierrnor\. and .ire fret - to take an% t\pe of account--I3,�I. health care.recreation. Howe\el. most large recreation accounts .,it, handled h\ the conlpan\', ,eparalr Recreation Sm ice, dl\ I,Iorl. \\ lu: h has ihC re,0llr;e, It, plate' a111,,i11,- Illou,111an:1;_c•nicnl Icanl\ Ill the IIIJI- \idual account, Lar_e recreation :Ic; t,lllli, Il,l\ t- pru\ed \erg SUCC •„I'lfl tot C.rlilern. will:)) I, a;tl+rl� pllr\!!!)lt flew husl- Ile's Ill ,I.IIC Mid I1a01011al p,irks. con- \e111 on seiner,. marinas. cmeri.mi- 111011 :Ill" ,pt,rl, :rill)+Ie\e,.:Iild Zile 8E-1021 a could add as man\ as 50 or 60 in the upcoming \ear. The concept is all .elf•ser\e. ernph.1%l71ng soups. sal- ads. sand\\Iche.. and similar light tare Breakfast is also a\ailable. B\ the ounce ser\ice is often used. De- cor c:an he adapted to almost and set- ting. and t\pical size range% an\- \\ here from shout 50 seats to more th,uloo A\eragecheckfortheGul- Iner'scl\ncept o\erall I.ah\\ut SLMI, ;ncrating a\erage unit \plume. of 61150.10) lip �Ibn,W Food costs are about ?b percent. \\hlle labor costs \\el,_h In at about _'" percent Kitchen and storage .pace re- qulred h\ the GUIII\er's concept arc timunlal, e\en though the soup•. chlll..111d optional hot .peel tls ,Ire cooked on premise The absence of equipment requiring HVAC make, the fr.m1•end IMCsnrlent quite lo\\ knother I% Gunner'% calenng c.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. pablhl\ At 111r Adler Planetarium, in Chtcaeo, catering corpr-r,lte. school,anI &ISOCIM1011tslut:hodsis,l tremendous part of manager [_arr\ Posen's business. Despite the fait 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 rcqutre- nlellt It) hook the PlanclarIUM or Gullt\er's "Crater on the Moon" dlntnz room tier a part% Is that the host also hook the planctanunl. Sk\ Sho\\ . Catering Is all rlrlportant t.t;el , t :III Onteen'. manual twodser\ Icy ,counts .Is \\ell At a nwwr I B \1 Instaliatton In Sall Jose. Cal.. where Cantcen operates ttaidser\ice III h\e huddnlg.. as much ,1, 50 per.enl `f the hushes. I. from c,tenn: func- tion, The I,Irge.t \%.I, III opell I1OLINC for -0.000. held se\oral ,ears ,1_ ` I,, K;, rc'.InorJ .la uf»1s hke Vt'll ) . irk *% Y .inkee Si,id m twit glrrhe J V�IIIl1.'.!!J1 /+ `r1J '!1 .`I (,If71.Y'!; hu,n , \\,,, l i,! it I, I,I .-paAa_id fl,t,,+rin;;• and h.t,i nll\t, (0I uf'tin-used Items 11kc ,.In::, .1nd ,,,u1„ 11) iel'I:tln 'IC :,suns,. unn nlan.)_er, h.r\C been IV _ rirnniniul,� auh ,elhnc Iltr ,rur b.l,i ml\e, It,ne fill cream ,slur and t,lle 101 :leat I It, cu%lomer,, Th1ta1,`h,ull It, tlperrtlt,n,. Can- teen u,t•, .I fi\ c-\\eck standard nlcnu \\ III, 1t \ ill le, \\Ilh I111: Scastul. I I:\Ihtlll\ it, Incorporate local f:f- \ortle, t,t It% tall ne\\ Idc.t, I, hulll lilt,` thi %\,Iem. manaccn)ent :h,`,`,i, .Int,+n_ chi ,u__e,led Ilem, 10 Teed. anti 1, Ilee fit ,uh- ,lllttte t11, (t, fi\i Item, per:atq!or\ I,1, f1) di„iris or entree,) rt•1 i\:le, ,Uhl:, 1 I,- I II: ,111111,+\.11 ,`l 1 h: dl,t l'I:l I11,til,t_;f I t,1 111,1.111;:..11 111,- I ider- tl Ii.ink In S,u! I rornLltl,rrl In- :lu,fi, \\ill .t, 1 ii, .,,: ul; lud,,t ill Ih, nt,,rnnl� t,tk; ills, . ti;h111,111:,.l1„' 11:11` kccp ,.`,l, III Im, 1 01' IIY,t.11l:e, a n;\\ rn`_t.11n ;.tll:d Ihi : u,t,'tn:r, h+ I .. • - ..,,•: , , .,.. \\ In, h .l I,• ills„t , `,!•t•iTi,!I\i I,,,ir\C tin r,t;h:\:Ir I1:1111 ,tti II1,11:.tted L. t ,r.tf,`.`d rl.ltterl I li,,, ttint,.ui I,r,,nl,'li,l h\ nlC.ln, poster nit,unlid the ,;r, 1112 IIn,' ! h, "olllp,111\ .tl,tl It„ill ,it\I,i nitldulC, h\ ills p0IIII ,,fillip\ In Ih;en) .nisi l,'', tl.unnl hiadyu.trtin nt nl,l,ul:C. lo'.11111 it :II•,; I \: ,,Ills!\\ Ich ,I.tllt,n ncar the I:d1l,:d ,.Ile, of 1110r: ,ri.tlll Ltl,l; Ilelll, It, 24 It, .+11I,it:t'tll ,f Iofol ,.,i,,, rmlla f11.11) IIIC pre\I- ,`11, 51, r;l,atl „f ,.tie, and IIIC re- ,ull,uu nu1•1,,\inl:ul ul I,Itn1u;II\u� ,tllr::ll I,' :t,I1111111: Io rill) • i L, psis I I.' , ,t, ,t ,; if •,11,1.11i1111t ,..::1.,+,nlh.�u_lilhith:nthadre- tl. IiJu,,,l11i, .ull.,un1 0111„uh- ,. ! "11 ,. \\gut!, J I,' d,•�:nlrh.t,vi r\- �.dl- Canteen has used its network of franchisees as a means to enter markets where the company itself does not have a pooi of manpower and resources. recit,r. ' ti i're operating tht, fa:lltr\ Ow ;Illw \\:r\ \\e \\,alld :l profil and lt,,, a:ct+unl " Despite Ilse f'm 111.11 fill, ACCOunl I, 10C.11CtI III a bu,tlin_- Ill'b,ltl arv.I. parlliir,lll,,ll I, "� per: et) t I3%-1he-ounce ,erU:t' 1, also used «heni\er the %Irtct111M rerinif, Thi it,n)r.tll\', hr,l ft,r;l\ rills+ the :oll- cert of h\-the-dunce ser\Ice \\;1, ill the area of ,alad bar,. but thi, for- mat has grt,\\n It, include ,and\\ r:h har, (,time a::t,unf, e\en ha\e hnth \er\e-\ourself-b,I-the-oun:e ,and- %\ich setup, and cane -to -order ,ta- tion,). ethnic har, ,uch a, :1 cm:an and Italian. and build-%our-t,\t It COWepf, like baled polattle, and last„ Gullner', 1, Cantcen'„elf-,er\ Ice bell re,t;tur.nit colicept De,l2nid primarll% f0I multi-tenatit tali.: building, \\ here no nldi\ idual It'nanl ha, ftltldwnice. Gullr\er', is ul the IrLIC ,Cn,C of the \\,,rd a publ!, %e taurint The :on:ept I, al,o an Inl- portant e\rarl,loll \ehl:le lisp Cot - feel), in IIlaI it ;II,t+ ha, be;❑ ,u::e•,full\ adapted I,, :,,II:_t. ;,.- creation. and health :tire,emu_,, There are about mo do,,en c,;:!!;• \er', In operation currenfl%. and a: cording to Krpan, the crnlpam I-rf;• ,,.ire fa;thtli, fi,r thi ekk•r!t :Ire a srt n1 th area G+r Ont,v n N '!',;IlI'll\ s:Ill, II .IIIII.IiClI. [tills a sltln_ ,'1 pllhll: Iest,I11I,1111s called )fullI\CI"%. Mid ,,per,llt.'s Is ht`Iels \\11!! II1t`I.: I11.1it 3,2011ItwnIs s,IIII u11•1nCotINI\. CalleelI ha. \\,`! k,:,l it, nuke .Ill t,l 11s 1'licrations Ill"I'L. Cosf•effe:tl\e A plt,ileet Ill file h\-Ihe-oti 1Ce method tit self-ser\ICe. I he :,'nip:ill\ :owinties it, rcl\ hea\ I- 1\ on this ctm:epl Labor s,l\nl_s h• \ e hCell sl_niti:,uu. hilt In addl- !I. s,l\s Krp.m. part icipatIt'll Is file 111efht'd .Iddresses .,ills'[ iced. hetter than set .!I•'•.:s ,Illd set pt'rtlt'lls. Ill .IJd1- !w:I. the:olllpall\ has Illadc,t I11,11,`1' --Ill 1111CIll I,' :oorer.ilI\e sCr\Ices file :)it'll) girt'\ItiCs t s:l\l.11l_ t'1 IC:IseJ CtIIIIpIllCill \\hilt' l ,ell IT,,\Ides the pr,'dll:t Ac- t _ I,' H Kenneth lbiter. tit- f-r,`Ju:t \ market plan - I:;, .on:cpi \\as created !I \cars .1_r !t' Address file pt,p- Lit! ns. \\here the :t'nlh,ln\ COillll ,•' '. � \\lth tr,ldltl,'n,ll tull•Itne C Rsi hu'ltless 11,1s _rl'\\ Il %%I :!•.•. n. Ill I,1:1. 111.11 .1 sep.t!.IIC Jt\ 1- 'll 11.11 hCCI1 :rC.IICJ \\ itliltl I ,kod ", ;1!JIiI_ it' .IJnunlster It \•.tC. Ko/l,`\\si.l."Oilrsll:CessIll ! he t ):lure is pre.h:,)tell h� t'ur Ill, a`mimi cm it, prt'\Idnlg the ! 'l ,hell te\:I 11' quahi\ tit product and I11.In.t,CiT1CI11..tI1J to lit, tills till Ill,: most 1'e''Il.Ips the %e\ :,'1111",Ilellt tit !1;:• sirat;_\ Is the C,►1lreen Qu,tlit\ I ,"•J Sentce Prt' r.lm (CQI S11)..I up ,'f h.ick-„I*-tlie - III Ill se and 1 11' III - It - IIIC-h,,use 111.II1I.I,Ils \\lll:ll set torch file Calllcen standards (i,r e\er\ ctnlcet\ahleoperational prtlee- durc. ran,nl_ 1'rom production tcch- nitlues It, plalc presentation mill fuer:h.ulJlsln:. "The heave\ u( this oroeram IN that if enahlcs relall\el\ tm%{ illled la- hurIll su:cealull\ produceand mer- J ch.II1JIse the C.lilleell prOgrain.' J,%m ►i,'huls,m. dirccio of tit- CIC11:s .Ind file chief irclmeo of CIA Silk "C'ie,tlnr people call et1 t:111h;1 h\ implcinom l_ their o\\n IJC,Is \\Ilhill the I'r.tate\\urk tit op- 11,'ll.11 pl",,_mill♦ " C(►lil' \\.is mitoduced fit 14'b 6 (;I1/11t:r'. s:h-.:fle,A,/I1,l,,'.Il1,It 1:J1;'r rtt„It! -le).11,1,-Ili.,''•,ill,!:r and is ethictI\a\ Ill pla:e Ill .111 Can- teell ,1:coullls :t'IIIp,IIIi,'ll _rmii ties unit maim_cnienl's Incen- Ines it, him :It`sel\ file COI 11' s1:111d,lyds :Ire tt,llt,\\Cd III addition. standard-heanm11 acetnuus Ilia\ he dCsl_ll.1tCd ,Is Irainin_ :emers too Will m:ula_ers. C Q1 ski' (mictions as a I`atlern it,r \Itlll,lll\ C\er\ I\pe Ut ack.o nt:,,il- rnl_en:� For Iwomice. nlanu,IFs on I fol Ft,t,tls and G,Id Foods are ar- r:ul_eJ h\ module —such a.St,upsIll Such. Earl\ lilt LI (hreakLisi ). Farm- er's \1ancct (salad hard. and Marl F\em (traditional ht,t entrees) —sit Ihal m.ulaulcnlenl call adapt the pro- grams II, the requirements of a p:lr- nllu'hl h.l\e t)Ill\ 11nc Ill till i-purpose .elf-ser\ ice area. \\ title hleh \ oluille ZI C1,11111s 1111,h1 Ulld it 161.11711C It, ha\C separate scr\Inz areas Gir file salad har. a ti"uit har, dessert.. el: 1110 manualsallm% tOrall such \arl,ltion. I all-etlhlr phtnt,_r.iphs 1111.1s1rme slop h�-slep apprt,a:hes fur plo:e- dures like pannm_ hill Coolls of I.i\- Ill, t'Ill Ilie salad h.lr. Fell IIICrdia11- dlsul_ lechnlque, such a, the ,II'pl,l',s ah,'\i s:1 ill_ 1111:s .It: spell:.) kill h\ 111e 1,`url\ t',':',iser\l:: \\,`[Isaes I ' pct - Colin the I.I.I. In ,I,I,}ut,`n rile Ir.rl" 11.1!,.I1: tlse,l 1!I \\!II' I! IT Ind :,'IJ tt.ul, lt,_ ,1•IILJ I,hhl 1(:Ill ll s.l_e .1_.W 1 ti,retasled us,l,e. .Ind I't`f nT\::;l, I\ ,Illd ,'!!ICI pill p''ses It' Illsllrt• :,'llslslt'Ill ,IL1.1111\ Ill prOdLI, 1..1111',1\\ I,a'J Is I'll[': 11.1"'d I, Calllc'm's spC:lll:.11ltlns and .Ill i-:.I- I\es .tic Niand.lydlled Recipe II'..m- ll,lls 111,111dC I111,'I lilailt,ll ,'ll tlll.11lll- IICs I'CtlllllCIA It,t' \.Irl,'ll% %.Iles ]e\t•I'- For I,tr_e \t,lume a:counis. Canteen Is pilot Icsun:.1 : t,nlput:rl/'-d ..%%- lcm at Ilse V I11\t•rsll\ t'1 %\ Is:,,ilslll. Os11 ht,sll. \\ lll:ll cAll Ile Used Ill shrink ore\paid recipes nunlherot'people. Sa\s Fred Nichol- %t,ll. \ Ice president-Ilatioll.11 sales \II- reclor. " f llese pi okill:t 1,111 s\ sl Cllls Are unitlue It, file nldusln..lnd _ne It, e\ aluale \\ 11.11 \\ C'rc dt,- rlls. .are \\e pt,rtltnlln_ �t't' \\C tl,le:.lslnl_ .I::111,I1C1\ mid thIIIL Ultl' :\:IC 111CIllls tit IhC ht•sl ,Ili\.1111,1_e'" !n .IJdutt,n. the coillp,ul% 11.1s 86-1021 %isuai can be classified as manufac- turing And, in 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%, %%hich did humne. as Automatic Canteen Corp until its name was Changed in lQt h to reflect its mo%c- ment into nianual food%erwe. con- tinucs it) operate more than 2W %cndmc distribution centers and own-. ncarl% 2M.O(0 machuies In 1Q"? . %enduic accounted fol-40per- Ceiii ofsales -%%c1c restructured so 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%iness. The business mix is Changing " Canteen has aggressi%el% pur- sued "%%hits collar" accounts. In fact. %%iihin its Fond d: Fending di%i- %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 sacral 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- clude eer%1hing from Yellkmstonc National Park and Yankee Stadium to The Presbyterian Home and De Kalb Count\ Jail in Georgia. In ad- dition it) handlins more than U00 traditional manual foodsemce ac- counts and 100 execuii%e dinutg rooms. Canteen operates a dog track. o%►ns a company \%hick pro- ides pre -portioned lunches to ele- tit. M.ur.r_crrrcnt st.111 (I fit r / D, or Sch.0 1: r. I Ld Racluc. Lee G(r.c•. Due Finger. kin M.-Garr". Bd. Jolt': \,rJv,r. Govev l:)nnrrson. Bob h,vhm,ki. And Du1Ii. Larn 14} kt, . Gwr' c Tom, *%. Karl Sedlarz 11.' beer D.rtrd•.vr. Rrl/ Carl%on. F.1/tot KnonoR: 7-Cd Arcs. D.rn KT.m. Hj1 Br,;�d,ur. and Darrell ) L•.rl,r._t � . •} � � �w�� �v. f .�+:, Rom+.-�... �:,:c�� M.:.�-.t.��. _ ... — ,� - '�Ei. �- __ ��r� Y.M.. •-1:�c:�' !a,;; t f Canteen: Profit0 ing from a diversified portfolio Born I \ending compam tit 111_U. Canteen Corp. has sur\ned challe- 1112 Ck tintimll, tide, and it %I c;e,sltill of different parent organv;ations b% rcmai n . .idaptahle .Ind f'in\ard- th!nl.;n;_ \ol just a \cndnle :t�rtlp.l- n\ .111%More. Canteen ha,, dr\er.lfied Cull, Iliad the contract foodser\icc arena ,eckine ac- ;. tints In the business S indu,tr\. ! Ic,rc.wtln. correctional. health care. Mid edu;.ltlttn Segments. in lQ81. Canteen .achle\ed record pre- ta\ profit. of mullion on re\enI I mullion. nialsin_ it the third LIl est food,er\ lee m.anazernem ;onipan\ in the countr% tit term, of re\enue,. behind onl\ ARA and \L mott E\pl.aln, Robert A Koilo\\ski. \\ho capped a 15-%ear career \\till. Canteen h\ heln_ named Its presi- delll and chlel e\Ccutl\e tifllcer earli- er this %ear "One of our biggest challenge, today is heing able to an- ticipate and react it) the chancing 1 nature of the marketplace For e\- I ample. through ,killed management n• .and the .ihlllt\ to he fle\ihlr. Can- teen \\as able to react quickl% during the recent recession. \\hen \\e con- ' tinued to maintain and grt,\\ himom line prolit.andii% despite \olume de- cline, in se\eral of our major marketplaces." Korltmski refers of course to the fundamental chanee. \\hick h:a\e x been occurring in the American econoni% mer the past se\eral %e:ars. :JLIIIIii a,,lllfl front a %mokea ack- hased ;e0110111lc ,\stelll to title of ill- forni.atmtin. coninitillic:antin. and ,er- j \ice nldusirie, iThrou,huul the In!J- .and Lltt "I1,. Mille C:allteen', i rc\enues _re%% its income l dipped .111d "\\a\ed. 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. imprmenient follimed b% one of de- cline Mosil%. the declines \\ere the effect of \\ork-lOrce reductions and plant closings among Its traditional large industrial clients It \%.I, clear- I� nine to di\crsit•\ the husinc,s ha,c. Canteen's stralci* of \\eathering sofiness in hea\% rlidu,lr\ b% en- trenching stlhdl� in less c\clical I) PCs of accounts —like hulking and high technology —and h\ de\onng a great deal of its energles to such high-gro\\th area,;I% 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 S785.8 tit lyrl. income rose SIA million. to :'_.b million. to that period. All Increase tit net ►n- comeol'22 percent Ili 1083 I, ,tit a%e11 more posit\ e harbinger of KoAl" %- ki's plan to su.l.lin a compounded annual net Income,rowh rate of 1' to 15 percent o\er the ne\i li\e %ears. Mean\\ hile. the past 15 \ ear, ha\ e posed other challenges. The C'hica- zu-based cultlp3M., 0t %Ilersh!r has chllleed four Ittlles sII1;C ltlhtl. Nhell it \\.I, acquired h\ ITT Corp In Its"=. ITT sold _0 percent tat C.ni- teen's ,trick till the opera inal-ken is p.lrt ttt'.l JLII li, e Dep.trtilicni decree. .Ind Canteen became an inderendent ruhllcl\- held conlpan\ The friar\\ - nr_ \ear. C.1111ccn \\as snapped tip h) Trans \%orld Airlines. In.. Are.ld\ parent of ililton liucin,atlon.al In JailU ar\. Itl'tl..I tie\\ holding conlp.an\ c.illed Trans lit orld Corp. \\,Is firmed. \\till the mrlmie%. C.ut- teen. and Hilton heconunc \\hull\ O"Iled subsidiaries. In the rnsunlg \ears. Trains World also cnicred the real estate business \\till Its Icqul%l- non of Centur\ 21. alld .added Aldl- non al tt,od,Cr\ Ice cap.lbiht\ N till It, acquisition tit Spartan Ftlod S\s- leniN. the imner-operator tit the Qulnc%'s F.amll% Steal, House charm and the country's Lar,est Ilardee's fr.ani:lll,ee, [)tit de,plic the comribal- lion, of its hire non -.Beanie hu,ln- e,e,. Trans World'% results \\ere he- 1111! hurt h\ TWA*% sus+e.. and tit Fchru:ar% 1084. tile airline-. \\as spun till'. Canteen's parent \\as sub,e- quenil\ rechristened Trans\\orld Corporation. and tit t he t \\ o quarters since the split otf has Oltmll protit lmpro%ements of o\er I(X) percent. Canteen's longstanding auttino- tit% \\ithin its parent organi/atiom has enabled the companyto pursue its tmn goal of dr\ersificatltin \\athnl the foodser\tce IildLl,lr\. Yet Ktv- lo\\ski .and other members of the Canteen e\ecuti\e leans .are quick to Point out that the conipan\ is h% mi means ah.uldonrlia ins mdu.trial contract and \endnl, businesses. More than a third of the accounts in the company's Fotid S Vending, Di- i --A A BILL PUBLICATION FAST FOOD' 77 November 20, 1984 4 - 6 a SPECIAL REPORT.• 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 1003 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 3- 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 J'uh't: Evc,raci'Iides. T':_ c„arce f,•or' a �cca. cunceLsii:r t(• s iat'_na'. fD- 4 arc! beve-.—E ccrr.ary has o`Oven :o :, a very pcsit �e a:varta,E .n u::` 1:.= Len ; ce a. _i. Volume carefully Panned the tj-ars.ticr, arc' curried it w-*t:. no i.•terrupt'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-prover%nt: to both the facilities ar,4 equipment within„ As a res!jlt c` -.re;;* effort anc.1 we are generating sore of the highest. per cao;ta it the cojntrv. C:► uwt manage-'pnt works cl:sely with r^y staff t; provide wnjEek,e r set-;:c `s ne:zssary to best sere the event. In Cu- `:._:lity we ran c-.:t,,- e..r•t :ass ?a_t yccr, and trey range fr.- I;i!,c'e50 cornur'af.c ecu: ._i tc F.rinc rocs, and roll . sa-,. In all cgs=;. So, -vices h,;_ c?;-. -ed to thN reeds of the event s rr:ainta ,-,e: ;Ire q„o' r i.j standard c c,;.,r:ors mate core tc expect. 1 ` yc:. are consi ._ ira a Tout' af'd N-VZ"' - �.�nt,-a; t for y-�ur faci i i ,ies : woulW" encourage j�u tO loot. at ,hat VO4."e ;er, ices Inr:. ha:, to o`f er your operation and ycue customer;. They are t., J), a rrole5sional full service ' food and beverage company that have made cur customers iirra my staff proud to have the,;. in,/sIv:„ in ou- operation. FEsaect`ully, Rcn k'cod "irector R;J: rvb 0 i 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 'nit manager:�ent - works very closely with my staff to provide whatever is necessary to best serve the customer during events. Volume Services has always 1' X= made every effort to maintain the highest standards and quality our guess have come to expect. R ert A. Schoettler Director :�:. 1• fY RAS /wan sr8, .A fY 700 "W' STREET. FI UNO. CALIFORUTA 93721 TELEPJ10:;F. (209) 48b• 1511 86-1021 I I ! Pompano Park November 8, 1984 1 io h'h:m It Fay Ccncerr.: As executive rice president and general r.•ianager of Pompano Park Race Track, it has been my pleasure for the past year to ti:crk with Volur.= F:rr:ces Ccrperation, our facility' s foot and i L; er ace catc:i:rs. it a� Vc:lu': Ser•: ices has s: rved Fcmrano fcr the last 12 ycar s, and �K tit rE: E' t ? }� E n _: E a :'.e:: LE7 -}'Ear ccr,t r� CL M to the:- i1: : E? i• Tr)c'.' r.-ave Eh_.w:. a E:il:cc'r C tc CJ the_r Fart in kc-te .^.0 !� Por.ranc as r-.=cern and bc-e.:_iful as it is, having mid•_ r..ajc: ea_ital impr cvener.ts in several arEas of the <<ci lity including rer.:,vaticns to t!:e dining room, liquor t:.rs a:,:: private clubs. 3n regard to the quality of zrocuct end service, I am well satisfied, with the way th:y prcvice fcr cur patrons a^d the• ur concessic:,M_y the., service cr., I- Fc.._tic-., V_?;:r.c S_r�•_ces r.anagemen_ at F_r; -nc is c;:itc• r:5t_..:. •'C tc Cur nEEcs a:,: the nee--.s Of cur Fatrc;n5 as w-11 �= i s-• - : cnszt..'e to the :cr•7 ar.c Pa:-k c7c:: ati.,n in c_: era1 . -E serriCES a' C :.:L':G rECC": E'.� L}:: fc_ fete. etn' beve.ace services at ycur fac.L Y. i:ra vc ry truly, F..:3:c1d S. Duris ` Ex__stivc Vicc P:c-z4;dC .t and Gene:a: K.1�nagc:- NSD:kim t e The Winter Capital of Harness Racing ,r'.. IM' 5%'11 T"Fr�T THM, STREET PO%IF'&%O IBEACH FL 33% 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 Henclulu - 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 L4.,^. 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. Roberts Leinau General Manager RL/tdn - �sy Pack CIMCO 59.854 Kamehaneha Hwr . Halema. Hi 967712 Ph 638.8511 Wa-kiki Sales Oc'ic�. Swip 1309 22?? Kaiakaua Ave. Honolulu Hi 9F.G15 Fr. 9?3.844q 96-1021 r WEA' PALM BEACH EXPJS i P.O. Box 206 i West Palm Beach, Fbrida 334M 6B6.0030 September 8, 1986 Mr. John Nalloy Volume Servies P.O. Box 3087 West Palm Beach, F1. j 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, .. Ann Sowers p' f t y 3: tµ . 1 i� r 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 management are available for consultatim at all tames and special Events at the Stadium draw n �Zde ��. y participation. I have stated previously, and continue to state, that this relation- ship has been excellent. ely(9vc7Fjz e r S AUTHORITY RIY dv k 8E-1021 c 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 for 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 C) Pax 140, Cos-)cf, Wyoming 84'.1e , P►)onc 007: 577-096' Wlntr- ?f InlenIM,Md, A. 'i 9' :Y O} A.�O•tti n 4W.3 r•S 86-1021 Fo,6j Services Canteen Corporation AqjQjj f� _ - - Serving Our Cvi#Ww i in _ w 1 NTF IR L It r C I 4 e 1 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 (:or'1►oralion. Thi-double-di-it profit grm%III will steadinll►ro\enleul ill ln'e-la\ margin- is laurel\ the result of it 1111'ev-llatrt "Oralen .d hrllanred diversification /Irt►gnir 1. Using its e\1►rrli-e• ill nlanahinh contract err\ iet••. Canteen has gl.oa II in ne\% nlarl.el segillerlt, stich a- -rhool lunch. delicate-.em in office huilditlg and food .er\ ic•e in rorrerliolt� 1,11•iiitie•.. In 1983 Canteen lnu-rha-ed Preh•rred Meal \stems. Inc•., the largest pro\ ider of l►re-l►ortiolled lonrhe% to %c•hetol children. (:on%i-lenl \� ith managenu'rIt'- plan. Canteen secured -l:) ne\\ de•lit'.Itt•--en ,u•c minis (fill-in" 1985. Although profit- Ilaw not met oririoal e\1lertalion- due Ili an Mel •uppl\ of.offlrt. spare and I'mer orelllpill lr\ r'ale-. Canteen ro11111111t'% to -t't• r1111,01'1111111\ Ill the TI'o\eltlr office matrl,el. In addition. the roml►an\ ha•-urrt•--- full\ (nnr�ued at in grim inr; -ernu•nl- of its tiodiliollall ,ugh it- IliPh deli•rl.e. I,.I kMI . and pt,\erlunenl. -s* :A ttt .,I 111 I 1 turlullii7rfelfll„/,fofitll►1� 1h,•hfrhe.cl yurrlih /cusp wrlI,t' Il div 111„ l a//I(Yt'l11 111(mrler. I .S. t•t►11-11111- et'- .Ile e.11111" Illt,le .11111 More Ilit'.d- al1\.1\ 11'r1111 ho111t• I allld r\l,e,'I High 4111.1111%. \allel\. alld allrarll\t• 11l.e- ae111.111t,11 ill 1111111. I tllllllr I11 Illy \\ol.%ldare fop' Inapt\ baps e\ell luv'oltle dw 111'111t'lll.d llleal ill the dal\. 1{erornlinlr Ihi l:a� een ha- de\elol►t d u au vial rapabilll\ (o nu•e1 the dellland- of its ehanrin;: and ' di-t c•rnillr ru�lt,nlel. h.t-e. 11ond l gmu Ill Ihr,mwh ilfrretl..ed marl.o .\bane alflll,rnelfwism ill grow l/l Inarl.rt... (:anieen ha- 11111\ed to rl.u\\ ill loud -vlA Ire -erlllt I11- 1\ her(• 1►olellllal a Quality People .. . L I. I:Prl ww4ast f%m 0 Quality Products .. . clients still operate their oHn facilities. such as local 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 successful]% 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 improw- ment coming from food ser% ice, 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 ,en ice revenue, and profits increased 27.1 and 7.9 percent respecti%el% as a result of higher volume. and a net increase of 629 account- to a ne% total of 1.585 accounts. This growth includes new business. Interstate United accounts and other acquisition-. i� %*ending revenue- and profit: rose 11.6 and 22.8 percent re:pecti%el%. ►%ith margins in thi- area increasing from 5.8 to 6.3 percent. Recreation sen ic" reported increases- of 39.4 and 45.1 percept in re%enues and profit-, respecti%el%. The imprownient Nas due to increased sales at The penned% Space Center and Yankee 5ta J441.1i�; 1 impact of Interstate United*.- recreationam Food Services I Canteen Corporation I Expansion .. . Preferred Aleal Systems. In(-. revenues and profit, increased 14.0 and 17.4 percent respectkelN. In lyKS Preferred Nllea1 Systems pro%ided 42 rnilliorl schoul lunches to students and initiated pilot food sen ice progra►n, 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 ser%ic•e management industn and offers penetra- tion in geographical market• that othemise maN not ha%e been de%eloped h% the corporation. This suc- cessful partnership of 56 years pro%ides 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 product, 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 "private label" market. Rmw Corporalion. Hhich operate, ci�arrtlr• amleoin-operated nlu•ic and anal-enlent dr% ice•• in pill1114 111,'.111�H1-, i11,11!-114m •d l►1'1►fll illipl-merllr•Ill il, the rt-,olt of a partial %ear impact of Interstate l'nitetl', 1►ul1lic \ern ill., ,ale•- and profit,. r. Interstate l nited Oil Uctobt-r 1, 1985. Inter,tatt- l sited I►ecann• part of Canteen and tilt- rnr•rgill;; (if, the tNu companies Ila, proceeded sluuothl% and on schedule. Tile acquisition of Interstate Ha, eonsi,tent Nith the of sreking companies %hich l,arallrl Canteeli s oprratiolls and share its business mission of greater growth. lmerstatrs t%o majur business segments augment Canteen operating di% isions. expand market penetration and offer oppor- tunities for .%nergistic growth and efficienc%. biterstale L'nited's tNu major di%ision. include: Basl'nNs% and Irrctitutioms Grc►ui). Ir•n ing clients in: corporale litadlluimt-rs. fimmc cal srniur,. co111- merc•iel office- buildings, manufacturing. gmernmem facilities, sc hool., and colleges, health care. and conununit% nutri(101Aprogranis. Itilume a iCes Group. Pro%ides sen ices ill- cluding: food. souvenirs and related --.en ices at stadi- ums. arenas. c•omention (-enters and recreational facilities. Food Services I Spartan Food Systems, Inc. Serving Our Cus rs.. Quality Pell) e .. . Sparlaii o ►erates 54tiI unit• in Ihe;uutheast L.S.—the natiori4 fastesl- UrMI iug region —about double the number at the end ol' 1979. its fiat %ear H llh 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 life critical stages prior to the ripening of a restaurant for business. Careful _ scheduling permits management to set precise open- ing dmvt .- and plan suc•I► pre -opening ae•ti%hies as training and assigning unit management. cash flo%% and marketing prugrams. In 1985. l►a units Herr -- added. an increase (if la perc•em. lmprowd unit l►rolitanditi. Spartali s oper- ating profit margin in 198.-) Has 13.5 percent. its fourth highest in 25 gars in business. While tilt - Harder• di%ision achie%ed a record %var. %%ith ini- pro%ed unit %olumv - and traffic. Quinc•%'s nlilr•gins %ere It► er as it result of ad%et-v industr% condition-s and gro%lb-related problems di,utissed (►rlu��. Operating Earninlvs ni mmi,m.i j Im 11 2 - Ii 1 H2 Y S lit Fi i S Ttrl►t ,perating management. Indi%idual nunlager= valuable field experience is eontinualk supplemented Nith ongoing training program%. often dt-Igrled N lilt specific curricula for each Ivwl of Illallagt Illt I11. lit 1985. apprommalel% 5W Hardens and Q111114.6. Ilia nagenwill personnel atlrnded thrm. ' roulsr,. thu, hell►ing to ryand Spartan s base of staw1►Ill11 It,l.11llallt IlrUft•„ioIIiII%. I{r�< nue, irony parlali s restaurants in Ill r' Southeast stales ruse to Sto1.H million in 1985. 9.4 Q prrc ent above 1981. l Ipvraling profits increased 6.9 = " prlcenl (u fit►'?. ; nlilliun. =•t � t s 6 �' � • .. .i•�rt,.,� �.tY�*J ; �z"y 'if�•�!3'�i"'yt�M1t �.� �'rx � +� . _ Y Icy...,.,.,......,......, r ...-.....,.-»-..�......e..a....w...._..•.� t� Quality Products ... Spartan's Hardee"s 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 Quinc%'s division dealt %%ith: 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- mands of absorbing rapid expansion (Quinc%"s units tripled between 1980 and 1985): and significant consumer preferences. change, in 1985 Location. - G _ Q9 Qll- H 33 Q 43 ■ Il.u.l.. - ■ ;41111. C. In both its Quinc%'s and Hardees divisions. Spartans primar% concerns in menu expansion are qualiiN control and operational feasibility. Spartan has mined cautiou,l%. but steadily. to broaden the appeal of both of it, restaurant concept.. During the %ear Quin(-%"s added soup and hot %egetable bars. and a children s menu. Harder, added a neH cinnamon and rai,in biscuit and Hash Rounds potato pufi� to it, breakfast program. In 1986 Spartan management Hill continue lu strive for impro%ed unit economies in it, Quin(.% di%i,ion, that compam"s high -potential IF 1 cle. and to maintain the strung competitiov position 3 �G Hotel Seri -ices I Ilion International Co. _ AR" -ML .. -A J!i z t 1 i. •- - 1- not" ' -AW••' r -t s 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 %ears 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 ill 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 hulrls ha%e made substantial income contributions but the majurit\ of HI•s contracts are of the management t%lu•. Operating top H1 II_ ki kI F." electirrE.tpunsion. HI mana"vilivilt has al"a\s been srlvc•tI%v in its de%vlopment of hotel projects. prucredingonl\ Kith those Nllicil. in its judrnu•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� important in lbr re('eml past. Nhich has'Aitrlessrd .ul,slanlial occ-r-building in the hotel Ituluarl in thv t sited ;tales as Arll as in .unit• otersvas arras. These hack ha%v nut. ll(Me rr, pre%rnled substantial ryan�ion k Ill alld bouts li'm Under cunstructiou till invivii— its rooms h% user 211 percent. .4c cent iin Pro%r.ytormli.vm. HI•s (Il) hotel, al -,- operated b\ Inatlager's front numerous countries Aho share one thing in conunou—thv\ ha%r de%vloped thclr carvers % 1111111Hl (ner the %cars and ha%r been carefullc monitored at each stage in their carrrr advancement. TIIr% hoer also had the benefit of Quality People .. - L r t •- r,� y4��YG7`. �rW e.wyrY.srarr�` - -_-..�ct6n'• rlMfiii�bM,nwA Hotel Services I Hilton International Co. Quality Products .. . I specialized training in Hl's Career Dewlt{1111wol I,, stitute at various stages in their career� iuclu,lii,� advanced training in their managerial cap irltit•-. Hi's revenues increased to $694.2 million i 1985. 2.8 percent above 1984. Operating prol,t7. 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{mi, declined from 67 to 66 percent. Western Hemisphere hotels ac•hie%cd a a. I percent profit increase in 1985. including imluno�{•{i results in Canada. South America and nw,t l .'�. hotels. The Drake hotel in Chicago reported sul,st:u tially improved results. Asian and Australian hotels had slightlN liigh{ profits in 1985. The newl,.-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 proper N restrained overall profit growth in this region. Hotels Opened 1981.85 Will L MEN ■ . ■■is .. IL_ ' 11r,,M ■ European and African hotels had tiall% higher profits in 1985. primaril% from 11ir tl{, London hotels. including the renovated London I I,! ton on Park Lane. Munich and Paris al.o hall lent results. During 1985. new properties. both urnl{•, management contract. opened in Kannal. Cit% and Oklahoma (..it\ in the U.S.. representing a i,ct i,,- crease of about 8(K) room.. In 1986. HI plans to open three ne%% h{{t{ representing 1.448 rooms in: Pittsburgh: Japan: and Brisbane. Australia. �� A - : . �. � i.. .. ....:4, �.. :al ]rrul►rrt% and equipment, net 607,280 486.720 429.448 413.660 430.200 1.41 aasrta 1,329,347 1.146.411 1.461,988 1.448.155 1.555.973 atl'-temi debt Ir.- current maturitir• 152,830 136,909 158.728 245,349 355,990 ""jicurrent obligation.- undercapital 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 Operation-: wrating income tcs rr%enues 7.8% 7.47c 6.7% 6.6% 6.7r1 wrn un awrage ryuit% 14.8 16.3 11.4 14.0 23.1 -lit a� a l►rrcew of total capital 21.0 23.9 30.3 48.8 61.6 l96-1021 t� Y Oks Management's Discussion and Analvsis of Financial Condition and Results of Operations Liquidity and Capital Resources At December 31, 1985 and 1984, Transaorld'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 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 (1UC1: and the addition of almost S160.0 million of pruperty, plant and equipment with internal] generated funds. Funds generated by continuing operations Iinc•ome from continuing operations plus depreciation less diyidendsl amounted to 9158.3 million in 1985 and $135.0 million in 1981. Tran-o orld ham a re%olying credit agreement pro% iding financit capacity of up to S200.0 million. all of %hic•h was available at Decerniter 31. 1985. Results of Operations 1985 Compared Ire 1984--Consolidated operating re%enue in- creased S213. ; million 111.(1 i ► Irom 1981. Thr• of .. Spartan F„od S%Avni%, Inc. ISpa rtanl inc•ree�r-d �;aU.0 million �c I1t.4 ii I primarily duel(, 18 additional ►nine �'-and 45 addi- '} bona! Harder- unil- in operation. For 198.7) the Irrr More rru•nu" of Spartans ]~lain( %'• unit- dt-uhned to S887,(X principullc it► rr.ponM, to all indu,trc Hide dre•linr in the dinnc 4r' hout-r• segment traffic. The rc•\enur, of Canters Corporation ICantrrnl increa�rd �I.i'?.8 million 118.1fi I, principall% from the acquisition of WC —which contributed S1(11.0 million for the fourth quarter of 1985. In addition, re%enur.- front the food and tending di%isiun increased by $33.8 million due to higher 3 volume:. Thr re%enurs of Hilton International Cu. IH11 in- creased $19.2 million (2.8%1 mainl% due to increases in the average room rate,, as stated in U.S. dollar-. off. r•t h% a slight decline in occupancy from 6, % in 1984 to 00'7r ir► 1985. t=: £' Consolidated operating expenses increased S189.1 million (10.51, ' from 1984. Spartans increase in operating expen,vs of SM.9 million (9.8%1 was primarily attributable to increase: in payrol and fringe and product costs due to additional units in oltera- ` lion. Canteen's increase of S141.3 million 117.61/rI was primer ily due to the RIC acquisition ISt10(1.9 million) and ala) to r increa.r. in the cost of food and tended products sold. Thr t operating expense, of HI increased SBA million 11.4c/c 1 mainl% due to increases in payroll and related expense.. t, 8671021 ► Consolidated operating income increased $24.6 million -from F 7.4% of revenue in 1984 to 7.8% of revenue in 1985. HI's "�1 - margin improved from 9.3% in 1984 to 10.6% in 1985. sacs_ (►thee charges (credits) increased by $8.6 million 154.47c 1 due un• primarily to two factor-.. First, a 1984 credit of S3.2 million (lot - of, '. to an o%errstimale of losses from Transworld's ownership of Trans ,p Qlorld Airlines. Inc. (TWAT for the month of January 1984 and ,ties second a decline of $3.3 million in interest income for the full ter- ►ear. despite an increase in lemporan cash investments, pri- marily due to the proceeds received from the sale of Centun 21 nalk ' nrl of funds used as discussed al► ne under "Liquidity and Capital Resource,.- which occurred in the fourth quarter of 1985. The provision for corporate income tax tit) income from c•ontinu- me operations increased $9.3 million 13 1.6ii I mainly as a ncing rr-tilt of net operating loss l►enrfits generated by TW A and at : utilized by Transwurld in 1984 and increased foreign taxes. Lamings per common share from continuing operations de- credsed it, $2.56 in 1985 from $2.62 in 1981. The decline in rarnings per common share reflects the increase in the weighted in- average shares outstanding partially offset by a reduction in the rf preferred stock dividend requirements. The weighted average Oil •hares in 1985 increased b% 4.1 million tit 30.4 million shares i. dur to lit(- comersiun of grits C Preferred Stuck in 1981. !981 Compun'd t►,1983-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 1�tuncy's and 14 additional Hardens unit. in operation and rom increases in menu price., and per store volumr. The rrv'enurs of r for t_antern increased $6:3.9 million 18.37c 1, principally resulting ffront higher volume in Ihr food and vending division. The ;hhee r rr%rnurs of HI declined $34.6 million (4.97c I. mainly due he "a declurr to food and belrragr rev'enur as well as unfavor- g1it ►h\c foreign r%change dur to the continued strength of the .... dollar. '51%) .onsolidated operating rotprnses increased 884.0 million (4.9% ) 9 n-m 1983. Spartan had the largest increase in operating cods. *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 (7.9dc 1 was primarily due to an increase in the ►dr ,st of food and vended products and increases in payroll and •rrrFr dusts. The ul►rrating rxl►rn%es of HI declined $39. 7 inly mlliun 16.1%I, mainly clue Ito decreases in payroll and fringe ►sls as well as decreases in cost of sales. .c►nsolidalyd operating income increased $19.8 million -from A% of rrvrnur in 198:3 at 7.4ch of revenue in 1981. ►thrr charges Icreditsl (-hanged favorably by $7.8 million i3.97c I. principally due to a $3.2) million overestimate ire 1983 t losses from Transwurld's awnerahip of TUA for the month of anuan 1981E and it $0.8 million decline in interest exprnsr, 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 decrease is partially offset hvincreased state, local and foreign tax provisions due to increased profits and try 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. 198.1 and 1983, the strung U.S. dollar versus most foreign currencies had an adverse 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. Iessenrd the advrrst impact of foreign exchange on the results of H I. Revenues and eyensrs of uverst•as hotel operation decreased to the extent that they were generated in foreign currencies w'luch 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 the decrease in revenues was not offset by the decrease in expenses. In 1985. HI reported an exchange loss of $4.8 million compared tt► exchange losses of g 1.2 million in 1981 and S3.6 million in 1983. Discontinued Operations In the acc•ompam ing 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 tin the impact of inflation and changing priers on Transworld's rr►enues and incomr. see lute 15 it) the Consoli- dated Financial Statemrnls. 86-021 P. 00 Statements of Consolidated Income and Retained Earninr,s IAmuunts in Thuubands Ei rpt Per Share Amount-4 1985 Operating revenues $2,151,556 Operating expense, 1,983.390 Operating income 168.166 Other charges (credits): Interest expense 22.700 Interest income (1246901 Other - net 14.403 24,479 Income from continuing operations I►efore income taxes 143.687 Pro%ision for income taxes 2 38.901 Income from continuing operations 104.786 Discontinued operations: Income from operation- t►f Centun 21 Il.r.• applicalllr mv-onir Id\ 11f: 1985—$3.397. 1/J81—:_t.11tl�dnd 1104".3—S10.1811 9.441 (.dill toll -alt• oil Cot- tor\ 21 1It•., dlllllll•dlllt• Ill, ,III,, Id\ of a52.11121 50 1412.750 141„ In-itI tolit-rat ltolI- of T W IIt•„ dllltllt-dllll• IIII rtollIt, tit\ tied I III 198311f 121 — 1.1ss ton disl►osaI of TWA (Irss allpIII-al,Ir income td\ credit in 1983 of 91.99111 — Net income Iloss) 217.530 Retained earnings at beginning of year 82,888 Di%idrnds, etc.: "1 Di\ idrnds ton common stock (16.234) Dr\idends ton preferred stuck ("166) (hht•r -_— (4,770) Retained earnings at end of year ---�- $ 2'2,248 Earnings (tubs) per common share: It On income fn►m continuing operations: Oil a\erage outstanding and equi\aleni shares i 2.56 Assuming full dilution 2.56 Oil llel in1•o111t•: On awra):r oulstan lint; and equilalenl shares 5.66 Assuming full dilution 5.60 I-* !totes to Consolidated Financial Slatrments. 19811 19f $1,937,823 81.834.0( 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 47. 7 5 52.40. 16.81►1 1 7.80. 1 t — 112.JJI — (55.32t 115.029 (7 ,662- - 284.805 18.65Oh — (19,2871 119.795 (4,2M 1 1257.35l - — 82.888 S — o S 2.62 $ 0.9ft 2.54 1.0(1 3.14 (1.3. 3.00 11.26 867021 Statements of Changes in Consolidated Financial Position Amount- in Thuu-,incl�t For the lrar� Ended nrc-rml►rr 31. a - j Fund- Pro%ided b,. Incomr from continuing operation. Add (drductI nunca.h item.: Depreciation and amortization of propert)• im-ludinF capital leas. Amortization of intangible a.,et. Deferred income ta\ pro% i.ion (c'rrdit 1 \rl In►tu continuing ol►rratiun- -� -'--- Ih•continued operation.: Cain on disposal of Centun 21 Iles applicable ittconte la\ of 152.4021 Net change in imr.tment in Crntun 21 l.►.-e. front TVl \ Drcrra-r in Imr.tment in T11.1 l)i\ tdrnd declared -equity holding in TIVA L-uancr of cummor►.tot-I, (.on►mutt ac►t•h i..urcl to debt re.lructurinp Lang -term dri►t i..urd \rl INK& %dtur of prol►rrt% dt-po-itiun- \et unrrahu d (mvi ;n r%4'IId1IF1- (gout, to uu fl\rd a--rt- and lung -term debt, includmg capital Ire�r- t �1lhrr �Inctra.r (drt•rra.rl itt: i' lccuunt- pa%ahlc and accrurd lidl,ilitir- Other noncurrent hidoilitiN. and deferred credit!. und• 1. trd for: itmclend pa%ab)r-equity holding in TR \ I'rc,l►rm.k dddttic►n- I,mg-term drhl l►a) mew.- and capital leas obligaticnt. di.c'hargrd Cj reigri currenvi, adjusth s► ent . (lit ids-nd. on capita) -mock n%ersion and redemption of preferrrd .loch I'urc ha-r of lrea.un .loc•Ic +Jnerre.rldrefra.rlin: 1985 S 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 31,836 (9,945) 23.400 W.168 43.587 Re-ct•Mal►le., nrt 97.051 ht�Nt11►Irre- i4,605 Other current a-.rt- S.b911 Other a..rt- • - ---- -- ----- -- 80,831 454.12 i_ Increaw (decreasel in Cash and Trrnl►orar) Cash lmestment.:. 611,044 :ash and temporan cash imestmentr at: 136,840 - 19111 8 98.135 57.154 7,652 (7,204 13,1561 152.581 1 12.879 4(x).379 15-1. 7 71 63.817 7.042 9.615 14.4t►91 42,587 8:31. 753 4()0.37y 137.•2:31 101.295 6.559 27.937 124.530 5,227 324 861) _ 47,534 851.883 120.12% 156.969 198:3 $ 52.408 54.263 6.367 2.505 2.360 I I7'WO (6.519) 167.87tt 1 84.157 (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 7 1,268 (2.0781 14.651 (121.9781 55.521 Consolidated Balance Sheets Unniunip- in Thnu%ando r►.._.._1...- 91 Assets Current Assets: C Ca•h Temporary cash investments, at cost (approximates market) Receivables. less allowance fur doubtful accounts uf: 1985—S5,6y0; 1981-85.310 Merchandise and supph inventories Investment in Century 21 Other Propert- : Prol►ertN owned tat cost I: Merchandising: equipment Land. buildings end improvements Other propert% and equipment Total prupert% owned Less accumulated_ depreciation Pml►ert% owned —net - ---------- ---- - - - - --- --- Projwrl� held under capital leases tat cal►italized valuel: Mer, hand►smg: equipment Land. buildings and improi,ernents Other propem and equipment Total proper(} held under capital lease-- - - - - -- Less accumulated ainortization r Prul►erl% held undercapital leases —net -- - -- - -- Other Assets: Goodwill Other lung -term invesunents Other % doles to Consolidated Financial Statements. • i 198.3 1981 i 18,145 178,739 129,071 80.589 .i — 16,163 - - - 422.707 200.015 394.395 273,050 867,400 - --,-_ 290,391 - 577,069 7.246 57.284 124 04.654 _3.1,44 30.211 -- -- - — ------607,2811 1.19,879 88,601 60,880 — - — ----------299,36(I- -------�-------$1,329,347 S 34,817 101.993 102.020 65.984 110.655 10.473 425.972 162.855 31 1.722 216.552 694.129 243.338 45f 1.791 1o.757 57.730 131 74,618 38.689 _35.929 480.720 82.397 93,516 _ 57.806 233.719 SI.146.411- ."I 86-10 21 1 .. Liabilities Current Liabilities: Current maturities of long-term debt and capital leases Accounts paNahle 4c en►ed salaries- and vacations earned Accrued taxes 4c•c•rurd rents Other ------ — l.c►ng-Term Liabilities: 1xing-term debt. less current maturities Noncurrent obligations under capital leases Urferred incuncr taxes I Idler noncurrent liabilities and deferred credits Commitment% and Contingent Liabilities Shareholder, Equit,.: Preferred stc►c•h, without par %clue: Aulhorize-d-hdrrs. issuable in series Uutstandin�: lrries A-82.00cumulative comertible, 11111iled %u1in11: tiharr- dt stalyd %alur, $2.50 per share Liquidating pre•ferencr, S511 per share• Series ti-81.911 cumuldtke nu►►comertible, limitrd %oting. no slated %slur: Shares at redemption Iialue. 820 per share Exc rss c►f redeniptic►n %slue o%rr earn ing valor Liquidating l►refere m e. S20 per share 1.411111114111 stoat. 85 par %slue: Aulhornzed sharr- Issued shares at par %slue Capital surplus Furrign current-% adjustment Retained rarnings 1'trasun slc►cl tat cost I 0 N. o. - .c.cc., 198.i 1981 IAmuu►►t in Thuu-ernl-i 20,000 20.(XK) 1.0-15 1.04o S52.271 8.52.27.5 — 2.512 S — $50,159 75.0011 75,(KKI 35,728 35.598 1.140 — 1985 198• 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 178.639 177,99() 386.864 381.804 (33,596) (43.5411 272.248 82.888 _ (43,587) _ —_ -- 763,182 650.162 S1.329.347 $1.146.411 8E-1021 L.� x,, �;`9. i o-"�-�!'+' —ref• ... � .. .. :.... L. Notes to Consolidated uncial Statements File the lrars F:rtded f lert-Mi".r 31, MI.,). 1981 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 amortize significantly affect the determination of financial position. and funded over periods front ten to 40 years. See Note I I f, d 1 f further description of the plans. changes to financ•ral position an resu is o operations are as fullo%s: (a) Consolidation. The consolidated financial statements in- clude all significant majority owned subsidiaries. All significant intervompany transartions havr been eliminated. Trans%orld', ime,tnient in Century 21 it accounted for hx life equity method. See ;'lute 3 fur a dercription of the 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% tilt- lease 1►rriod. The fullu►+ingestimated useful senile li+rs were in effect during: 198.5. 1984. and 1983: Mercliandiring rquipntent-1'rinc ipallx eight to left .ears Building:--1Aenrx to furl% xrars Other equipment —Two to fiftt-en %ears Leasrhold inlpnnrmrnts—Estimated useful life limited In life lease period. (c) Ini,enturies. blen•handr,e and supply imenlories are %alurd primarily at tilt- hmer of a.erap- cent or marht-t. (d) Goodwill. The unamortized em-ess of cost uxer tilt- fair %alit- of net tan€ihir assrls of c•ompanit-s acquire-d is hying• amortized oxet a -1(I-year period on tilt- straight-line mlethod. During I W.I. 1981 and 1483. S3.077AM. $2.,%1.(K)O. and S2.470.0M. rv-,p►t-ctitely, herrcharged (to income. Gucd]All] arsociatrd Kith the acquisilion of Centun 21 is included ill the rrsulis of discontinued operations. Amounts ,u Charged are W. follo►.s: 1985—g1.7O1,(1Ou: 1984—$2.012.(KK)aild l983—g2.039.(KK►. (e) Erunchise Rivhts. Tilt, cost of restaurant franchise rights is anoortized ratablx oxer lift- lilt, of file franchise ag:reerrlent, (2(► years) from tilt- date retail restaurant operations comrlivilce. Agrrementr c•otering p►rt-sent uperating locations expire on %arious dales from 1986 le► 2005. Certain of these agreements do not contain I'Me►,al op ►lions. (f) Pre -Opening Expenses. Expenses incurred in conjunction with lift- u1►rning of hotels are deferred and amortized, getterallh o%er five sear. ]q charge., against tilt operations of life rebpec- tixr hotels. (gal Income Tuxes. Trans►.orld and its qualified subsidiaries file a eonsulidaled Frdrral incurnr Id% return and account fur imr,lmrnl lax c•redtt, oil life 114m-through method. See Nutt- 2 fur a further descriplit►rt (if Traitsaorld', accounting: for incurnr tags. • Note 2. Income Taae-.: Transworld and its qualified sul,sidiarit-s file a consolidaled Federal income tax return. A summan of the pro%isiurt for income taxes is as fullu..s: (Amount, m Thou,and-1 1985 148I l4 Current - F33.1211-`-i D_eferted 5.781 1, ►u; I 2, Pnn Lwn for income taxrs on continunli: uprtat flaws Tax pru.I,lon dieneful from ulwratlon- of drsroni mue•d .vgmvw.: TU A Crnlun 21 Tar irro.rsunl on pin on bait, of Cenlun 21 Tidal pro.Isunl fug - - �- Illr'unle to\e•+ 38.901 2r:►..i; 1 3.39-, 2.0210 1 47.7:, 133.i9: 10. 18; S41.76n F.31.r1(k) $21.441 Fur 1985. 1981 and 1983. foreign income Ahic•h g kes rise to furrig it income lags repro-ents approximatt-IN $5(►, 7OOAKK), all(] $13.:3WAKKI. respt-vtixel\. nl the total in- c•ome l►efure incolnr tags. The current pro% isiun for Federal and stale and local inconte taxes includes taxes payable hx suhridlarx corporaliums ►.hich are not includable in the TransMorld con.d Federal income tax return. The current pro% isiurt for fore-ig:n tags rt-latrs primarily to Hl. An anaiNsis of the current incurnr tax 1►rot i'mil i, es folluNs: tAniounls iii Thuu,andsl 198; 1481 14113 Frdrral: (,toss >? 19,IMN het ulwrallnp loss — Forri►.'rl fax rrrrllts 11S.Jlll I _ 1mrstmeni lax eredfr• _�— -- -__ (j91 _^ _ - — Net current Fe•drral 381 Stale and IrK al 4,894 Current uu•urne• tax pnr.I,lutl on ru11111111111F ulrrraoun, CUrtelll tax pro. Jbllgl 11wllefilI - dw untnlur+f srKnu•nt- - - Tolal current im unit, tax pnl\ isum i145.8:31 c 34.624 16r1.3811 — I12.o211 113.c1131 63,3c,11 13.;441 1 l t.3(lts 22.222 ..tilt 4.fi61 18.4(k) I )8.167 33.120 1 36.".i 1 4-,.2in 3.0.456 J --,i.34Y� 12U._i"81 g 6t.117b 1 t 4oX.3 I f 2�.672 86-1021 4 _. Thr deferred ineomr tax lmwision rrsults from timing differ- At Dec•eml►er 31. 1985. available foreign tag credit camfunvards ences in the recognition of rel,enut• 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 tau returns, will expire and the tax effect of each are as fulloAs: as fulluNs: S1.5(XMK)0 in 1986. S2.100.000 in 1987 and 14mount.innillmall&1 198•1 Ic►H3 19R:i SM(MAKM)in198ti. I.n• deferred Iilx dn•Inr franc ` e Note 3. Sale of Century 1 Neal Estate Corporation: At, tdrldlyd drlllr, laoon = :.581 F 4.159 is 4,665 (.dllital Ird.r it t'l llllll111 ' (8n 1 � IM121 1:11 ()n Uctuhvr 30. 1985. Transvtorld's aocdthuldrrs approi,rd the I irt•i i ftnant lit;: It•a-r- 23,1129 (87.3 01 - ) S2; sale (if �l for �1.2(N1.(MMLThraccompamin� In'tilllnrlllnull Illlrl,•.1 1.6"9 (Ilher UmutFdif(rrrmtr 4.351 (t. tit 15.5131 - 11.3%1 Transwurld financial statements present the financial position drie"md Frdt•rJl lay -_ -- - - 39..Wl 14.i.8.i111 3.42A and mulls of upyratiolts N ith the impact of Cenlur\ 21 st-giv- t.n,-, Tax tw•nefit fmm Tu 4, 19.3281 1H.12"M1 - gated and condensed. The revenues of Centun 21 (%%hich are nut F ,r• l}n IJx irrdll- (2.1911 12.W11 - included in consolidated re►enUesl Nere as fulluH!-: For the tell Ime.tnlrnl lax t rt•do- _ -- (23.39(11 53.44'1_ _ -- months ended l Ictober 31. 1985: S00.(MKI.(N10: for ill( -sears llrlrrred Irdrrdl mcunlr ended I)ec•embrr 31. 1981. So1.132.0(K): and 1983. laxlints, i.l,.nisrr•du1 4.652 (4.,AWl 3.423 S55.230.000. 144111`141 .IJIr dlld 1,..11 1 21N1 1 197 3571 it,, w P t.lx lirM 1•1..11 . lh4,-rrr41 harign lilt,lntr Ids Omit-it.nun•dlll - (iil 1.1(l: t1_2731 lrlrrTrd lilt unit• IJx Ill, it m--is un ronllnulnF tll,erau,m- 5.781 17.2011 2.atl.i Ib•fr•rrr,1 Ids Ilw•nrlltl- dN, utll lllllyd a'1 rl lr'lll- 21.411:1 11.A0111 12. ..3•�) 1.1al tl,•It•rrt•,l Ill, I'm, lax linlxl.nallrr,•dll 1 30.681 c IH..i-.i1 i (2281 Deferred incunty tees arr inuludeld in the balant e sheet- a- b,ll,lh.: kmmioi. lit Tfiwi, uud-1 198.-1 1481 111111.1 t urrrnl d••,•1- f (2.3911 ! 9 llrlerrrll ntrnmr IdU•• (42.14(11 114.2121 1'he differt•rive beltnrrn tilt- statuturx Federal income tax rate and TransNordd':- efdretiisr tax rate is as full(,,A-: 198i 148 3 148.3 `lallltun rdlt• Illflrrr•ner rr.ulonF fntnl t waintong ulw•rdllun-: Intr-UnrW tdx 1 rrtlll- sldll• dtnl Ila ill ld\t•>. llt•t of federal lneunu• tax 11rnt•fit Elfret of ftlrr•1Fn .curt r In, onir drltl lulr1gli IJx i rrdlt- lax II••I11.1it frulll l� \In1.nvJloat,if K,11.1%111 and Ilther lbennant•nt dil- frrrnrr• Iw•Ittren Ili,- IJx velum Jnd Ili•• %W11,1llr•nl tit run.nllildlyd lilt lime t Ilrt Iltr 1.1x rdlr I'll , nI1111mille •0er•rJll..11- W4 46r4 40ri (161 - 141 2 ; 3 (31 11 2 Ibl 14li - • :i I Si 23r�i 48ri Dote 4. Acyuisitiun: On (Iciolivr 1. 1985. 7ransiscorld acquired and transferred to Caniven all of tilt- outstanding stud. of IUC for S93.5(N).(NNI in call. Tilt- resultant c•us1 in ewes of net assets acquired of apprut,inlatvli, S03.301.000 is living amortized o%t•r 40 gars on tilt- straight -lint• method. hir fiscal gars ended Drcv11111el 31. 1985. 1981 and 1983. Trun-Horld's profurnui rv%enut-s. in- cluding IL C. would hate 11ren: S2.1(12.150.(KKI. S2.339.123.(NK) a I I dS•2.'213.8Y3.(NN1. Note 5. Separation b% Transworhl of Trap, \Xorld Airlines, Inc.: Oil Februan 1. 1981.Transc.orld distributed all it- equit\ huldima in T11.A ill Trans%orld's common stocltholders. The ae•cumpan%ing financial statements present TA A as a discun- tinued operation in 1983. Transhorld's inisestinew in TA A at [December 31. 1983 «a- recorded as a diis idend pa\ably b\ a charge against retained earnings in the full amount of S256.210.(MMI rxistin; at that date and tilt- remaining balance of S141.139.(XM) was charred to capital surEdus. 8E-1021 tt Mlle• ttllaln•ulnl,ttcll I nt;Ini ial �t;ttrmcnt• li tlnhnucrll Note 6. Foreign Currency Translation: Folio%ing is an analysis of the changes in equity during 1985 and 1981 fur cumulative translation adjustments: IAnNlunt tit T)Ntunanils► 1985 1984 Relative at Jarmdn 1. i143.3111 Simj,9821 Aggwpatr edlu•tnirw for the 12 month• rridtd 144-rmlM•r 31. resulioig from Ilw tran•latmrn of foreign currrnr% sldlenlrnl. 9.945 (6.5591 Hal.+m r• tit I►t-unitise 31. M33.5961 St43.1111 Note 7. Capital Stuck: Cornrrton sloi-k Issued during the year and reserved fur cuntin- gent issuance at December 31. 1985 and 1984 are as follows: (lundoer c►f .share- Issurd Heseme•d1a1 I Amount- mt Thun•attd-t 198:1 It)8; 1985 1981 �.nlplutrr• .ai 111E- Jilin-110 - - &10 8211 L%rrct-t• tit 1 wliet-tun of. Prrlr•rrwl -I,% k' !r•nr- k 1t•rir. t. 1 t t Mist l mitt bast warranl 19til1ttlt )48'tri k.niplu.rr -Ittt !, uptaal- Ini ruhtr cmniJN•usatmn (elan - I 738 738 - 4.'W) - - - 3.0:3 - - - 2 1.798 1._19H 1341 5V) 2,6,)4 2.82:t - 263 _ 2c 13 7. W" 130 6.278 6.444 I It I A• of the close of husiness on December 28. 1983. the record date (tor the- distribution of Transworld•, rquity holding in TU A. thr contusion ratio of Transworld', Series A Preferred Stt►c•k was adjusted (run) unr half 10 one to 0.706 to unr. (b)1. nder the plans the Truster, purc•hasr lint iouslt unissued common stock lrom Transworld at market talus or, wilh thr consent of Tren-world. purchase common sltwk in the ul►rn market. (c 1 On Oclobrr 29.1981• .Transwurld called for the redemption of all Its uutslanchng Series C Preferred Slcwk. Each share of Srrirs C Preferred : tot k was cumertible I» the holder into 1.412 shares of Tran.world's rummon sttK•k until No►embrr 26. 1984. As of Decernin-r 31. 1991 appruximately 3. M4.0(l0 shares of Srrirs C 1'rrfrrrrd SIcK•k were converted into approximately 4.389,(XXJ shares of common stix•k and appruximately 100,(M) shares of '-whirs C Prefe•rrrd ;luc•k were redeemed, retiring the entire is.ur. (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, 1986 to December 3, 1984. As of December 31, 1984 approximately 3.037,000 warrants were exercised and approximately 3.031 000 shares of com- mon slot I, were issued. The remaining balance of approximate 32,0(KI warrants have expired. (e) The holder of a 1987 warrant is entitled to purchase one share of common slack at a prier of c 18.06 per share, subject I adjustment under certain condilions, until Januan 15. 1987. (f) On December 23, 1985, Transworld called for the redemp- tion of all its outstanding Series B Preferred Stock for cash. As of December 31. 1985, substantially all the 2.512.(r4() shares of Series B Preferred Stock have been redeemed for the $20.(K) stated redemption price plus accrued dividends for an aggregate redemption cost of $50.554.(KX) retiring the entire issue. On October 25. 1984. Transworld announced an offer to exchange its new 111/sfic sulwrdinated debentures due June 1, 2007 for each share of Series B Preferred Slock. Approximately 2,0(X),((K) shares were exchanged for the debentures. Changes in consolidated capital surl►lus are as folhms: f hmounts In Thousand-1 Bill.irn•r at Januan I. t)n idrntt o('1'N 4 NI -I pri.trrd- frum the sal- of conunon %Iot.k Ito e1 v't of 11,Ir lalut• Comer,m n- of 5% and 12`.r sullurdmtatrtl delwnture- tit rwvr of par %aloe of cunirnun salt%. Issued Comemion of 4•rirr C Preferred Ntwk and exercise of 19M warranty to ritues, of par talur• of cutlumou slLk,k issued Other _ Balantw at 11rcrmlit•r 31. 1985 1981 1983 fFa81.8111 �_^".i..itMl 9292 722 - - 1144.1391 65.352 11 .o42 2,(I60 _ 18.3381 1386.Wo l 8 381.8" 1 58.526 1 3.039 !t2 � 5•ifN1 Narioua loan agreements place certain restric•tite cotenants on Transwurld and its consolidated subsidiaries, including certain requirements as to pay meat of dividends on common stuck. Payments, including the payment of di%idends. to Transworld bt its subsidiaries are also restricted by various loan agreements. Under the most restrictive of these agreements at December 31, 1985, Canteen, Spartan, and HI would have butt permitted to male S13.60"i AM. $80.644.0W. and $11.594.000. respec- tively, of additional payments to Transworld. Note 8. Earnings (Loss) Per Common Share: Earnings per common share are computed as follo%s: 19R., 19R3 1983 Adlu-tmrnt of Net Ir► -o ne: Net Incomr as rrlK,ned S217,534) 81 15.029 c 17.6031 Redo, thin In Inlrrr•I rr,l,rn.r Glr the ah.,unled rurn•rr rntn common sl l of the ly8e, warrant- — 5.45-1 ` Ik4lucl dnidend requlrrn►ente on prrfrrrrd elcx•L and thr amortization of the excess of rede•ntplion %slur met cam mg talur of 4•nr- B Preferred SI,K L (11.5081 1 N.2221 01.8971 Inrrra*r In dit Mend "turrments for the ac•umrd earn Isr Inlu tirnr. 1) Preferred plot 1, of the 198 7 warrant, — — 16.41181 131,4trttl _ Ad1u+Iml net incurne appht ahlr lu avenge uutetarahng and equnalent common sham 20h.022 101.261 Adlu•iment- a-sunong full dilution: Re,thn-64in in inlrrea ei liens fur the a„urne•d cumrnlon into c•ummun mix L of: 5% drlwulure. iaa,urd IWO — — 332 12rk del,rnturr• wsurd ItOl — — I.5-15 Keduction of Iwrlerml dr►Idrod requlrrment. for assumed conver*nm of comenlhlr preferrrd sto, L Inlo, unimun .I,K L: A 2.091 2.Ml hnr-l. — --- - i.821 • 8111.173 Adnr-trd ne•t earning- a. umntg full dllulmn 12118.113 133.0611 kdlu-tmrnl of cornown and rgen►Jlrot OtJre s: Awragr common shirr, oUlAdridnlg 35.628 28,8(1) 27.209 Avrragr lrra.un shirr- 13151 — — As.umrd comrrsum of summon stK•L alto '%enr.� 1► Preferred !%I,K L — — 11.8fmll A-unlyd e%er, v e of -I,K L warrant- and aprlull- 1.076 3.3.i1 31 7u1a1 J,rragc oat.tandnlg and rgumilent common .ham 36.389 32.253 25.503 4dlu-tnirnl- a--umnlg full ,Illation: A.�umed rLrrc Ise of •ttK L wartants and option. 61 ' 25 AJJItiunJl .o er Jg, common .harr- it•-ulting fmn, the- a--unird , .m trrlon nID, l unanun >1art1, ot: 51:i tle•IK•nture, U>uc,l 1900 — — I-Q 12q drhrnlurr,. s-urd lYW) — — 581 Prr6•rred Sim L. .ft Win- A 738 738 • - -- — - - - - -- 37044 idluwlyd JtrfJf,' , nrunion AlJrr- s•.umrng full ddutiuo 37.188 26.21" •%,.'nim-lmrut I. nladr .Incr thr rffr, I Ii. anluhlulew. Sec lute ; for a description of the right,- and privileges of out-t.clnling colneriil,lr .rc critic,, %arrant% and options enter- ing Intl, the coniputation of earnings per common share. The trra•tm ae► k mt-dio l it u-.rd to c•alc•ulale the diluti%e effect of the 198; %arrant-, and outaanding sock pun•hase ol►tion,. The lay rate u.rd i!. U)Ih for incurne from continuing t►perations for IWi. The la% rate. u.rd are f1.11"Ic for income from cuntitwing o1►rralion.% and net income for 1984 and 6.9r/r for net income for 1983. u a Due to the redemption (if the 5erie:, B Preferred Slock 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 a%crage uut:;tanding and ryuivalent share. 1►% appro*imalel% $0.13 fur the %ear ended December 31. 1985. 8(;-1021. i kt: �' Doti'• to Consc,ltdated Finanr'tal Statement- wot nintroh Dote 9. Long-term Debt: Long-term debt outstanding is as follows: (Amounts in Thuueando 1985 1984 Nuirs. 9�/,SE dur IQWi 4U.4 ; -- - -- - --= 100 so g 1 17 stoles, 5v1% due 191k,.144(1161(Ft 1M") Notes. Ill'7r to 12% due 1%k)-2010tbrtp 9.598 Ault.. 12.18 . rq dur 191k .M.i1 t 12.180 tiulxcrdenatrd de-lwiiturr•. l(Ki due 1WN• 14W((l1 30.792 Sulourdindlyd dri,enturr•. 11 V& n dur 14yK-2tMt yet 34.571 1tew1mig vr"ht agrrrnteimb — Nutrs. dur 1'081 _ Sundn utdrtdrdr,r••tgi Taal _51.192 161,,33 lxss rurrrw matunur-do 8.903 11.137 10,674 30.232 33.523 9AM ) 49.a1.o (a) The notes are denominaled and pa%abie in Swiss francs. (b) The- note, are denominated and pa%ablr in Canadian dollars. (c) The notes are denornindtrd and pa%ahlr in British 1munds. (d I The 10,( sulK,rdinated debentures, which were issued in 19-Y with an effective rate ul appro\imatrl% 1 ar1i had unarnur- lized urigindl Our discount of $5.383.(KK) and S:i.913.(KK) at Urcentlwr 31. 1985 and I981. rrsprctl%vi\. The original issue discount was calculated on the basis of the nlarkel value of the commom stiK k purchase wdrrawl atldchrd at issuance. (e) The 11 t/i r subordinated drl►rniures which %err issued in 1981 wilh an effrcti►r ralc• ofappncxtnlatrl% 13 r in exchange fur appruaimate1% 2.1K1(I.(KK) shares of Series B Preferred Sit k had unanlortizrd uriginal issue discount of S5.4350KI and So. WOK) at December 31. 1985 and 1981. respecii%c•h. Thr original issue discount was cdculdlc•d on the hasis of market %dlurs at issuance. 0 (f) A resoling 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 t/• of lr, through September 30. 1989. and thereaf- ter to maturih at either the prirne rate plus all additional t/o-t of 1% or the certificate of deposit rate plus an additional '3, r% 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 l/2 of lrk. Fees are paid based on the acai►ability and utilization of the total commitment. The agreement contains certain restricti%e financial Cownants applicable to Transworld. including several financial ratios and sales of substantial subsidiaries. (p) The notes and sundr% indebtedness include certain notes secured In mortgages on carious operating properties of Canteen, HI and Spartan. The net book value of lhrsr properties Has 8 i 1.2 i 0.(K)O at December 31. 1985. (h) Aggregate annual maturities of lung -term debt are as follows: t Arn wi in Thouwndst lydr: 140, c 8.903 141„ 21.193 1988 0.,,7: 1411,11 9.184 lcrltt 9.010 ;ulOwyurot 103.461 (i) Various loan agreements place certain restrictilr covenants ton Tran�wurld and its subsidiaries including certdiu require- ments as to maintenance of minimum level, of working capital and limitations ton additional borrowings. Note 10. Leases and Related Guarantees: Transworld's subsidiaries utilize proper1%. 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 hotels 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 rrwnuv.s and, in some instances, (61 a Gard basic rent. Initial terms of hotel. land and restaurant building lease; generall% arr nut less an than 2O.ve, esc•lusi%e of options to renew. Leases of other equipment primaril% consist of merchandising equilm►rni. com- puter systems. ell.. 86-1021 I r nits Test ian •eaf- .of of of at t� • its and R c y�rn. lows: V s v t As lessor. leasing operations consist principall% of merchandis- Note 11. Employee Benefit Plans: ing equipment under noncanc•ellable leases for a term of eight Transworld and its subsidiaries have several pension plans yean to franchised distributors of Canteen. Certain hotels also covering manyemployees. Amounts charged to income (includ- lease retail store space to tenants. Numerous miscellaneous ing amortization of prior service costs) were 8 7.656.19M. suhlrasr agreements also exist. 89.17LOW and 88,613,000 for 1985. 1984 and 1983. assets subleased to others under direct financing leases and respeeti%rl�. included in other assets at Devember 31. 1985 and 1984 aggregated S1.691.(KKl and $I 1.338.(KK). respecti%el%. Informalion regarding Transwurld's leasing activities at Decem- l►er31. 1985 is as fulluws: Callital b-a-r- 01wratull:lxasr> Arta mlt- in Tbr,u-.unl— Minimurl Lea-r. I' %nlrnt- aril 1101 1487 14ta; 5.211 I vt: I 4.8r, ; 14'Nl 4.827 ?uh-rvlurul 62.0 . 4 Lr 10iptilyd Illlrlr-1 48.1 73 Vrr-rnl %Jlur u1 I J1lit d 41...i 1 I,• ( unrnl o-IdlF.dnm- i. 118 \.m� urn•nt �.Idi1:Ju.ni- uml, I rapll.11 Ira-r- M1trnrmurn Lease Pa%mvrct- \rt of Aiulmmin 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 ('ulluws: tYl l amour)- m Then,-Jnd-1 1985 1491 1983 . kJ-11 reel)- $33.25l, $:il.:illi $:4.8:►.i l.fmUngrut 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(Kl.(KK). and tl plans net assets available for benefits were approxinately 875JO)AM. 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 Irliels of income as defined by such plans. The amounts charged to income under the abo\e plans were S5.957.(XK). $7.3560KI and 85.205AXK) for the years ended December 31. 1985. 1984 and 1983. respectively. In addition to these inc entl\v c•ompensi tiun plans, certain subsidiaries ha\e incentive plans in place under which regional. dl%isional and lWal managenlenl llaliicipatc The inc mike stuck option plan permits the Board of f)irec•tors t grant to certain ke\ officers of Transworld and its sul Isidiaries 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 acti%It\ is as fulluws: 198i 1481 Outntarldlrlg.t lanuan 1. 667.9041 79.1118 Granted 373.875 053.015 Canceled 84.873 5.1 G Ellrrri.rd 129.582 54.440 Oulstanding at llecemlier 31. 827 .320 66; .4tK► Ellemi,ahlr at Decerldwr 31. 209.382 20.278 Price rallgr of opliuns: OulalandolK $11.95442.25 $11.9543o.13 Ewrrl.rll $13.28-130.13 $11.8r,-8°.i,411 66-1021 no anti'• III I iilr-iil It l.11i'il hlnil llVr.rl �t ill -owl1I• ri Ill it II it it -I 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"rid< First Sm-ond Third Fourth Eitcrnl Per Shaer Anwiunisi Quartrr Quarter Quarter (Quarter fear tided DrurnAwr 31. 1985 01wraling wlt-rlur- SVP4.(Wi SUN.09.i E522.341 S654.68I Ulwraling incumr 27.04i 7202 47.7111 52, Itiii Inriimc frum cuniin- uinR nlwrali..n• twfurr incumr lat,r• 21.48.i 35.8(1.1 41.1(i i 4.i.17(i Nel incumr 10.2l1 30.811 30.81NI 133.5811, Eaming- per common shirr: 011 aiwr w,- oui- slandinF awl equndlew -parr- i 0. all i 0.74 i 0.9(i S 3. i1 A--unung full dduuon 0.4c1 0.74 0.91i 3.49 tear tndrd tlrl'rmlirr 31. 1981 (het -riling rewinit • is A1.0i $48(i,4-7 t?tila, 1,117 $507.231 Olirraimp listonn• 26.144 35.275 411.930 41.157 Incomr (rum cmum- u1rIF ulwrdUun- twfure Ilii i nlr IdXt.- 24.(so, 30.423 38.110 34AI7 Net nuomr 19.3(Mi 21).851 36.319 29AVI F.dmrng. Iwr comnu.11 ,.hare-: lhr airrdpr uul. rtanduip dnd equoideni shirr- 1 0.47 >F (1.82 >< 1.114 f 0.74 A%suminp full diluiiun 0.47 (1.78 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. 8E-1021 rN ,.,I1 �olr- ter ( nll•edltlalt'tl I' Illatlt'I:11 �1:Itt'Illt'Ilt- 1, .,Illllnu ,II 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 good, 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 intenlon at %var-end using costs in existence at December 31. 198i. Since these c•urrrnt cults are higher than the older historical costs fur equipment and properly c•urrenll% in use. the related depreciation exi,ense incrrases c•urrespondulgly. Infla- tion also affects rnonetan asset. and liabilities such as cash. rrcei%ables and pa%ablrs. Companies with net monetary liabili- ties experience gains because the amount required to satisf% the i net liability. expressed in purchasing power. drerrases w ilb inflation. In a defldtionar% pertucl. the effect would be re%ersed. Management's Analysis (if The `upplententan 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. Adiusling 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, understandabl%. to be more dramatic. Depre- ciation expense, based on the restated value of assets for 198.5. is substantialh 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 partialIN offset b% this purchasing power gain. Due to the current nature of Trans%+orld's inventories, the adjustments for changes in specific prices do not have a significant effect on cost of set 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 c•onlinuing operations adjusted 1i,r changing priers (unaudited. dollar amounts in average 1985 dol tars l: liar Ended December 31. 1985 A, Mated----Adjuslyd In Ilse for Changv (Animmi- In Thou,aod- Fnldnt 1.11 in Spet ifi, Em ew Per Sltdtt• AnntU111.1 Ndlerrtrnl- Prn r- Ulwrdling rr%rnue, 82.1i1.3:u, $2.151.356 (:o.l of srnuw- dnd prerlu,•t, sold wm lu,nr of drl,rt•rlduuu dnd amorttzallon of pn peri% and lean•( 1.182.1(Ic, 1.182.40; )Depreciation and anwrti wilun 06. 87 1 88.238 tllwratin€r%lwosrs.olhet T,34.413 Ulhrrcharge.tcredlt,t 24.474 24.4C) Income la%r, 38.y(I1_ 38.901 2.046. 10 .2_(K)8.138 In, umr (runt continuing o era on- F 104,78p F 83.118 Edming. lver share F 2.5o F P4 Purchasing pupa%•% gdin tin net munrtan habilitlrt• held during the %rat 0.3310 Incn•a,r in current co,l of Imenton and equipment held during the %ear F 2.1(►() Eflet 1 of un.r I he in r (r%el _ 31.Ita, Eccrt,>, lbhurtfalh of Incrrasr,. in t.l,rt lfic pros o%rr increase,. in the enrrdl ,n, t• level F OJAkil lmrnlunrs and Prolwo al trrcrmlrt•r 31, 1985: Imrnlonrs F 0.317 Pro pent. tirl of Irr pret wlion i 81 t.WXI 8E-1021 C j ..N N4111- It-, t .fill I Illallr'I111 1, rl i 111.11--di Five-vrar comparison of selected supplementary financial data adjusted for effects of changing prices (unaudited, dollar amounts in average 1985 dollars): Years Ended December 31. I Arnmint- in 71rnn.and, Elcrpl tier Share .Amninh. hle,nlr'nd• and Indek Dell'O 1985 1984 198.3 1982 1981 UIR•ralulp rewflue•. S2.151,5i6 32AM.90-4 11.979,017 11.954,241 62.032.111 Glrrenl rn,t tnfernrlBUun: Incomr form runtllnurrF uperatlun- 83.118 78,160 32.071 18.943 35.(X1.1 Iucumr fhwl fnrm continuing olwraturn� per e•onlnxNe .harr 1.97 1.98 0.09 10.431 0.5 E%ve.ss (Atirtfall1 ed Incrraw in specific price- over incn•a.r in list- general prove Ir%r l 129 AK161 1,110 117.5871 41. W5 .11.094 �rla• t'l-al 1.fM12.335 91o.6f►(r 831.W1) 1.2W.2(14 1,265.382 thher rnfomullon• Pun hd•InF lren,r•r gnln on net mnnrWn tlablllflr- held dunnF the %ear 6,339 0.405 8.526 17 .5 10 46.035 Ca-h dle Idend- drrlarml lwt common shirr 0.46 0.31 — — _ %I.tri.rt parr l"-1 common .hare tit %rdr-e•nd 39.(l 31.7 41.5 30.9 17.2 Average can-ume•r enre• 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 originalIN occurred and were recorded. The supplementan financial information discloses certain ef- fect► of challges in Price!- of pnrper1% and equipment owned or held under capital Irasrs that have occurred since the prupem was originalh a('qutrrd In Transworld. Property acquired b% merger of )►soling of interest) is considered to have been acquired by Transworld at the date of the merger rather than the- date of original acquisition (if the item. (bl ln%enton and lost of Sen ice, and Products Sold. Merchan- dise imentun has been adjusted for changes in.specific• prices. Such rmrnton generall% has a rapid turnover and c•onsequen11% imrnton values approximate their current cost. a (c) Current Cost of Property and Equipment, and Related Depreciation. Hotels, Building: and Improvements. Merchandising and Other Equipment and Properi�. The estimated current cost of this proper)} and equipment generall% was computed b% app1%ing prier indices published b% governmental and private organiza- lions to the historical cost of the assets. Selected indices were Used filr various 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 cost-, determined under the current c ust computations. 86-1021 Directors and Corporate Officers Transworld Corporation Board of Director.- L. Edwin Smart Chairman of the Board and Chief Executive Officer Transworld Corporation Charles J. Bradshaw President and Chief Operating Officer Tri+nsw(irld Curitorattun Lester Crown Chairman cif the Board and Chief E xeculi%r Officer Material Service Corporation (pnKlucer and distributur of building matrrial ) R.L. Hadle% Griffin Chairman of the E%ecuti%r Committer FlruiAn Group. lnc•. la consumer products compam dealing with operations in fitctlwrar. recreational prviducts and slteciallj relailtup) Jewel S. Lefonlani Partner Ve dder. frier. Kaufman & Kammholz (law firmI Howard M. Lo%e Chairman of the Pittard and Chief E.%rculke ( tffo rt National Intergroup, lit( . Imulti-utdustr% compam in distribution and .en It'r busntr.se. with imesiment, in mrlal- indu-Inr-) John P..INascotty Chelmian of the Huard and (.due( E:%rc•utive Officer The Continental CorlKtration )holding curnpan% in Il►r inuurancr• and insurance sin icr. firld>i Rupert S. )[McNamara Retired President Thr %Norld )lank conyan% dirrcl(ir. unttrr.it% tru%tee C. Edwin Nle%er. Jr. President and I:hirf E:%rcutl%r Of if er Hlhttrl Intrrnational Co. Arja,, Miller Drrn Fmrntus Slanfunl 1'ni%ersil► Gradualr• Sc•1►cad of Business c•umpan*%% dirt-ctnr Andrall E. Pearson Profs ­%oi Hanard Businrss Sclwol Jerome J. Richardson Prrsidcnl and Chief Execulii t• Officer Spartaii FtNNI'+%.1r•111>. hit . }rank L. Salizzoni Vice Chairman Transworld CorTioration Morton 1. Sosland 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 (:o. Jack Valenti President Motion Picture .Asmm•ialion of America Itrade a"twiationI Transworld Corporation Officers L. Edwin Smart Chairman of the Board and Chief Fxeceiti%e Offit e•rt Charles J. Bradshaw President and Chief Operating O(fiver' Frank L. Salizzoni Vice Chairman John J. O'Keeffr. Jr. Vice Presidenl-Administration. General Coun.rl and CorlNtralr lrcretan James R. Painter Vice ['resident and Controller ;Nicholas C. Morin Treasurer' t • At-, Chairman. Canirrn Curltttrawm. and Lhatrnwu ttf thr E►rruti%r Cummurr. Spanan Fttad !%%.trm hN . and Hdtun Inirmauunal (.tt. Z. Alai Chairman. SIwrian Fad S%sirnu. It), 3. Alm. Trra.urri. Canirrn Curltttranun and wiPanan F-ml S%nlrm>. Int Transworld Corporation Board Committees Executive Committee L. Edwin Smart Chairman Charles J. Bradshaw Jewel S. Lafonlant John I'. 1lascotle Frank L. Salizzoni Moron 1. Sosland 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' klasc•olle Robert 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 Charlr. J. Bradshaw John P. Nlasc•otty Robert S. McNamara C. Edwin Mever. Jr. Cum R. Strand Jack Valenti Retirement Plan Committer Frank L. Salizzoni Chairman ).ester Crow it Howard A1. I.ct%e Jerume,J. Richardson Monoii I. Susland Patricia Cam 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 x 3500 Pan American Drive, 1st Floor Q i Miami, Florida 33133 7 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 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 Bid '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 , Th,II %se. ___ _ Volume Ser.,ices, Inc. as Proici al, heteltlafter called I!lc Principal. and the SAFECO INSUPANCI COMI)ANY OF AMERICA, of Seattle. W-isl'i•igton, a coipnration duly organized under ti.e la%ks of the State of 11'as! ir,:;un. i, Sarct\ , hercii,.: ter :.illed the Surety , are he!d and funlly bound unto_.__ _ - — Cit'. o=;iamd - —_ ---- a� 0! :gc . Lc:.,na';cr called ;he Ohligce. --^,ent,—Fi-:e Tl:ousand and No, 100------------------_--------- Dollars t� 2�,OLv.00_ ►, for the p.nnl;n; . f «high -Auln s%cll .Ind truh be made, the .lid PtiticlpJl and the said Surety. hind Ilelr�>. exec ;ltor....idin;:.UlraI�,rs. SUiiC,"Ol`.1lid jso"lls.)mI-,IIy arid se%er.1Ik' tUlllly by Ihese prewllls. It'Il1 f�l.t.�, the Ptlaclpal hassuhnuttcd a hid Food and Be%,erage Concessions at Miand --__ a%ned football and baseball facilit%• from 1,'1/0-1 to 2/l/91. \01%'. 7111:R1'I'ORL', rf the Obligee ,hall accept the hid of the Principal and the Principal .hall enter Into a Contract %vith the Obhyee in accordance with the terms of such bid. and give such bond or bonds a: may be specified in the bidd:ng or Contr.ct Document% with good and sufficient surety for the fartlitul performance of such Contract and for the prompt payment of labor and material furni>hed in the pmsectinon thereof, or in the event of the failt:re of the Principal to enter ,:I;h Contract and give such bond or bonds, if [lie Principal shall pay to the Obligee the difference not to exceed the pc:,a!i\ h.rc. f bet\%ecn the aniow-t Npecitied in said bid and such larger amount for which the Obligee relay in good filth contract with M(1111 t par[y 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 Slimed and sealed this 26th --- _ -- day' of 11'itnes� et 11IInO.'s Noverber - --- I 86 Volume Services s - nC . _ t Sea! I -- - - -- 1 " — principal K. H. Sedlarz-Vice President Title SAFLCO INSURANCE COMPANY OF WFRICA c f n :lttonu� w-Fact 86-1021 t✓. -. --._. _ POWER VSAFECO INSURANCE COMPANY OF AMERICA OF ATTORNEY GENERAL INSURANCE COMPANY OF AMERIC 0 HOME OFFICE SAFECO PLAZA 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 end day of Nnvt-,nhpT . 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 fioehiv and surety bonds and other documents of similar character issued by the compary in the course of :ts buslnPss Or any instrument making or evidencing such appointment. the signatures may be affixed by facsimile Or anti irstrume^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•, to the va .'I I, ci 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 (to A cop,, 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 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 5914CI- 3 R this day of 19 SF-1021 PRATED ih U S 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� �0 n thet $010 of, tSeall County of uu $ i30 04 E 78 PAINTED iN u 5 A 8E-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 I 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. 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 ,r 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 %VIII 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. {k.. -3- VER�-1021 i '1 rp F G During 1985, Volume Services Inc., became a part of Transworld Corporation's family of service organizations via Transworld's purchase fi 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. s i Canteen Corporation s 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, r: In addition to Volume Services, Inc., Canteen Corporation is divided into the following network of operating groups: YtMq w, 8f 1021 1n N -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 0 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-102t -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- 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. # 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- t CLIENT LIST f H + 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, j and telephone number, as well as the facilities, size, type of service i and year service started. t 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 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-1V 2t -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 y- FACILITIES Arena ( 9,200 seats ) t. Exhibit Hal] (25,000 sq. ft.) TYPES OF SERVICES Concessions, programs, novelties and catering START OF SERVICE 1984 SU-1321 -1s- 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- 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 86-1021 -23- 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 1 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 I 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 86-1021 -26- ;� �• � ..: as '. 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- �. y i"2ruyr.r a l� CLIENT Sacramento Community Center 1300 "K" Street Sacramento, California 95814 CONTACT Mr. Sam Burns 916/449-5291 FACILITIES Exhibit Hall. with Stage Exhibit Hall ( 7,200 (40,000 seats) 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 N ar_ 4�- q y �yy R". -29- F is 2 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- i s a 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 Sodrac Park/Jefferson Park Racetracks Box 195 North Sioux City, South Dakota 57049 CONTACT Mr. Iry Epstein 605/232-4321 FACILITIES Thoroughbred Racing Greyhound Racing TYPES OF SERVICES Restaurant and concessions START OF SERVICE 1978 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- i NNW- CLIENT Tucson Community Center 260 South Church Street Tucson, Arizona 85703 CONTACT Mr. Robert J. Sullivan 602/791-4101 S 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 86-1021 -35- F 0 f A 0 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 �`..� r r _ -36- 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. 8G -1QA3. -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 d a ..�.,_.. __.._.. 4�. 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? X - Political Group? - Private Industry? m 8E-1021 -39- F` w I 0 0 Catering (Continued) * Determining the size and make-up of the audience - 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? - Several course formal dinner? - Cocktails? - Large Barbeque? - Special "Theme" menu, decor, etc.? It's our sound planning that assures you of perfect execution, no matter what the requirements. 8E-1021 -40- a_ 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 f 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 your patrons. Therefore, our focus here is on key members of our local t and on -site management staff. General Manager Concept ip 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 r 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. i I+ 8E_1021 :4 -42- 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 ovn 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 E 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. 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 T description; such as, Waiters, Waitresses, Concession Stand Manager, etc. One unique employee is the Condiment Stand Porter. 86-021 -44- i i General Manager Concept (Continued) i Condiment Stand Porters - Specific stand attendants will be assigned - t {{ I each event to maintain the condiment stands and other public areas in a i; sanitized and orderly fashion, fully stocked, as well as maintaining all concourse areas free from dangerous spills. This unique service is i extremely important to the overall appearance and safety of your • 1 facility. 1 i All of our employees and staff are trained to provide the quickest, most 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 a ti proper training you will find the Volume Service emplovees a true asset to the stadiums. ygym.• •.�s:. Volume Services is fully aware of the management requirements of the facilities. The on -site management staff will have the necessary: ° Education Skills 6j j ° Experience ° Training ia r F - yj Yyy� 86-,-1021 '8 I 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. 86-1021 -47- 44 a 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-tozi Mr. Vince J. Pantuso - President of V. J. Pantuso Services, Inc. and consultant to Volume Services, Inc. Mr. Pantuso was with Interstate l United Corporation for over ten years, most recently serving as k 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 i 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 i i in Marquis Who's Who in America. 86-1021 -49- . • dry - rf. ... _ ... "^". t ow E. CAPITAL IMPROVEMENT PLAN !i 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 E leasehold improvements throughout the concession areas. A preliminary f i i outline of how these funds may be expended is below: Orange Bowl i 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 s 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 i neon. $100,000 i i A d j Total - $575,000 1 , 1 a 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. 1 .,a t`t -51- F. FINANCIAL CONTROLS AND ACCOUNTING S 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 stand a complete opening inventory is made by the Stand Manager, and the initial bank counted and entered by the Assistant Manager. 8G-10021 -52- 9 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 ! 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. .� . / Ate \d- ��\\ ) �%y y �,. . \ ) y; � k \ � �<y ] :�\ } «.a . -54- �# - 1 i V G. EMPLOYEELOYEE GROWTH AND DEVELOPMENT Y. i� 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 c t , 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 i personnel philosophy that recognized individuals and their career growth objectives. Training and Development i zcr This Canteen department supports our field organization's efforts in fi 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. b, 8E-1021 -55- 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. i Hourly Employee Development 3 j It is Volume Services' objective that our employees be efficient, courteous and professional. They must possess the necessary skill level 7 training not only to perform tasks properly but to understand the i purpose for all procedures. h 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 a•-. individual job requirements. y 8�-1021 nib� x -56- Rr} — Training and Development Catalog t rritEN 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 Skills Series: FoundationSM'' Creative Profit Improvement 19 The Principles of Foodservice I Coaching and Motivating Food"rvice 20 Management Field Seminar Personnel The Principles of Foodservice 2 Management (for Upper and Middle Executive Developutient Series: Management) Management in Depth —Managerial 21 The Canteen Personnel Development 9 Manpower Planning Seminar Foodservice Presentations That Work 22 The Management and Administration 4 Conducting a Meeting Workshop 24 of the Canteen Personnel Process (How to Hold Effective Meetings) Seminar } The Labor Relations Management 5 Foodservice Problem Solving for Key Results 25 Systems Workshop R Specialized Personnel Series 6Dr Managers: R'cruiting for Canteen 7 TM> Canteen Selection Interviewing 8 How to Orient Employees to Canteen 9 and the Industry Boomerang: Canteen Management 10 rt Training in Equal Employment Opportunity Making Canteen Performance Reviews 11 Productive Basic Management and Supervisor Skills: Productive Leadership for 12 Canteen Managers Plsmnins fn► Pnrfnrnnsnrn 13 Time Management 14 Performance Management: Preparing 15 Foodservice Supervisors and Managers v.' for Handling Critical Supervisory' Situations Pattern of the High Performing 17 '. tcsodservice Manager (Coal Setting with Subordinates) Managing Part -Time Foodservice ' Empoovee.. 18 k 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►►veniviii 'g'1 Teams Leader Training; Workshop Canteen Quality Service Impmvrmc iit :t•1 Team Member Trai►iiiig Tuition Reimbltrsemem ( For Full -Time '15 Salaried Peoplel 86-1021 t 4 1 Hourly Employee Development (Continued) I 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 - 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 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. -57- 86 --1021 rz. II 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. 86"-1021 —58— 4^ 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. -59- 86--1021 y.f` 1 �, 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- i J� 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 -61- 86-1021 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. 8f -1021 -62- r Facilities Design t i Canteen's Facilities Planning staff is lade 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: Yy_ 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. 86-1021 yk� 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%121 -65- Y a 1 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 fl>, variety of ways: +� Executive chefs, working in a development kitchen atmosphere, develop new recipe items. -1021 �5 F R� a' -66- -- v Viz i 1 i 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, 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 Services. If the menu item is well received, it is then taste tested by customers in our Training Centers. Ali � r.. 4 4 �:�.,..,. -67- 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- * 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. - flow many were purchased. - Over Production. B-1021. 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- i �t 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. r� h 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 * 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 .w FY ' .h�ayk �q'At -71— 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 �L':o-�.?:3�.L� 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 * Broiled and baked items * Introduction of more roughage * De -emphasis on salt * Pasta salads :h- -72- * Fewer high -cholesterol Items * More seafood, chicken, lamb and veal * Whole grain breads * Low calorie dressings 86-1021 i ? By -The -Ounce Canteen pioneered Sy -The -Ounce merchandising in the corporate dining i service sarket. 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 * Vegetables * Ethnic specialties * Desserts * Finger foods * Fruit and cheese bars * Contemporary fun -food 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. h?a:� b � k< r SL'-���9 :,. —73— YZ lm%y 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. 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 -74- e I 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. i 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. } SG 1�21 a y -75- • / 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 Y.; 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: 0 - 16 - 6f --t021 n Declaration/Document No. 1 (continued) 1. Declaration of Proposal 2. Proposal Form 3. Proposer Qualification Questionnaire (and attachments) 4. Insurance Stipulations and Statement S. Minority Classification and Participation Form 6. firit Source Hiring Compliance Clause 7. Financial Statement 8. Proposal Security 9. Attachements Corporation/ artnership GNATURE Barry Freilicher PRINT NAME President TITLE - IF CORPORATION (President, if Corpora- tion Authorized Genl. if Partnership) SC-1921 - 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 0 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 withthe 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) Nami 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: Date�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 Cpr91 arm N. Dinelit K. Sedlary R. Skadow Section 5/Document #3 SG-1021 -20- QUESTIONNAIRE (Continued) If a Partnership, answer this: Date or 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 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 include stockholders owning over ten percent (10%) interest. sY" (Strike out inappropiate words) Explain any convictions: None 12. lawsuits (any) pending or completed involving the t corporation, partnership or other person submitting a proposal: A. List all pending lawsuits: �. None S. List all judgments from lawsuits in the last five (5) years: 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 SY••" A SECTION 5 - DOCUMENT NO. A INSURANCE STIPULATIONS AND STATEMENT A. GENERAL: 1. CONCENSIONAIRE 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." i` 4. Company Ratings _s All insurance policies required must be written by a 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 y« XTION 5/DOCUMENT #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 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. PROPOSER SIGNATURE OF PROPOSER SIGNATURE OF FLORIDA RESIDENT AGENT NAME AND LOCATION OF AGENCY - 27 - *Please see attached sheet INSURANCE AGENCY SIGNATURE OF PROPOSER'S AGENT Agent's Error and Omissions Policy: Company Policy Number Amount of Coverage Expiration Date 86-1021 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 q,.� t 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 -SIGNATUP41OF 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 +yg, 'lam 4i fhcr.' # -1 N SECTION 5 - Document No. 5 MINORITY CLASSIFICATION AND PARTICIPATION INFORMATION AND ACKNOWLEDGEMENT 1. Indicate CLASSIFICATION of Business Enterprise (PROPOSER): E ] BLACK j ] HISPANIC j ] WOMAN [ ] OTHER 2. Detail MINORITY/FEMALE PARTICIPATION within your firm or as It may apply to this proposal, if awarded: Please see Uhibit 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 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 D. AFFIRMATIVE ACTION PROGRAM If existing, Date Implementegetail of program must be attached" If planned, Date of Proposed Imp emen a on: 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. PROPOSER: SIGNATURE: -28- 86 -1021 ' `4' 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 - 86-1021 C) ee ALTERNATIVE PROPOSAL e* 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 P 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 v 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 =a: the food/beverage concession management contract u; attached to said proposal. • 7 Pi J. F .% Date: December 4, 1986 Kim S. Mitchell 86-1021 e`. R'- 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; -' x: and that Volume Services, Inc. has the ability to begin operations upon _- execution of the contract. � L Affiant Sworn to and subscribed before me this 4th day of December ,1986 My Commission Expires C 86 -1021 I 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 .M. 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 V v 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►per 20, 98E Cesar H. Odio Received by: City Manager , .l 7 8G-1021 CITY OF MIAMI — REQUEST FOR PROPOSALS 1 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 NEW AND ADDITIONAL PAGES 94 b 148 150 through 197 n/a missing n/a RECEIVED BY PROPOSER 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 remains unchanged. PROPOSER ACKNOWLEDGES THAT HE HAS RECEIVED THE COMPLETE ADDENDUM N0. 2 AND HAS FOLLOWED THE DI CTIONS CONTAINED THEREIN. SIGNATURE: PROPOSER NAME: V. % ,i 4k./ T,, DATE: / 2.1 f �,�;,( Notice of Addendum 02 page 2 86-1021 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 / �a NEW AND ADDITIONAL PAGES 94 b n/a 148 missing i 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 wet designate added or revised material. Deleted words and/or y *; 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: V PROPOSER NAME: V_ ,r ,�,�.-� Sc, rV / cs,J �n p' DATE: 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 1:, , E2 11 1 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 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 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 I e:�►�scN �rt�oR�►noN All Employe" ?MR MERCiuw01lt MA,R0011.A60. MUNCIS O04s./M10 1f1•�soo PW=mxy 3, 1986 • ka CA"n•k Ca=tem z-at;,=, As a Part of its to equal eaploymmt prc ibits ants of t on the part of its GMlcyees on the begi of race, sex, Color, religion, age, national origin, or ccndit = of handicap. Mce T y, the Equal Emplcynmt Oppostazitcny C=miss-Pub1-sh ed ;Tde1i-bes relati.m Spe=fically to Scala' harassment whid% we else in ksepi:n with Our lcnq stw ing wic.,t against any fC= Of —" n the wczk ernri-ttmst. 'fie EEM ;-iieval nam Pie =''=t sexual advar=S, zec.Lests seaal favors and at.'•.er vror phys:ral ccr' r= of a se x�.:::.ZT. acrstit.•te ha�SS+.7--t when: sutaa,ssion to ouch c==5=t is Made ei.:.*� Lx;j c:."_y cr impj .�tly a tern or c relit = of an indiv,:ival" s ee"plcyse.^t; r=ssir*+ to or reject:cn of such ccrduct by an indi vidua 1 is used as the basis for eMloym'.t. such individual; or such corx uct'bas the FaXm or ef:ect of ant. -ally intsrferiuq with an i nc'ivi dual' s wor}c pe :%=W= Cr cea'ting an iatisnid'at:siq, hostile, or offers.:vre wozk:.nc In kW=q wit* the spi.^.t of these guidon --:es, we reais�3: cur '' =Lot e i y cuvmen avlayee Must be treated with dimity and respert re`izz"dless sec, ram, color, religion, age, raticnal orgsa, o�rc�ccrditiicnofhhaardi=p. Wt ask ♦x, he hp._i of all of you, to ball; '�1�ii ObU all; s Vgaiims by acII w• a�x•.r',.arre wi:-.,-h state ca�nnitrent and by brncLm-g ary v;.clatcrs of this pclI to Our at-.es:ssc•�n0 Of s-sozl ZViaa PIFF ,�xs or►WttN COJrP ►MOM n+s M9Rewwas4 MARY. ON ago, 1LAjpg 8 MW i *It Nt•7V7 rebbsvazy 3, 1966 GAJWMy `N MURT A.KoL.4NAKI AowMf ame MW amemop" OWAW 'm All mWiloyees: mder t1W of Title V= of the Civil Rights Act of 1964, as maended , the Age tian in Employment Act of 1967s, as amended, Doeeutive Orders U141 and 11.246, as azoesded, Section 503 of the Fahabi14tation Act of 1973, and Section 402 of the Vietnaaa Era Veterans Aradjvstment Act of 1974, it is my legal duty to periodically remind you of Canteen Corporation's position oonanrninyg equal employment OFportutity and as azmntave Oction. In addition to it being my legal dirty, I sincerely 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 ors equal opportunity Mployer. The =Mp ny shall ac_ aff4=atively to assure that it will: 1. •iAc uit, hire and pz=w a for all job classifications vithout regard to rage, creed, color, national origin, F #t sex, age or coedition of handicap. vp 2. Base decisions on employment solely upon indiv�:dual's i'cations for the position being filled. aA x ° 3. Insure tat all other perse nel ac-.ions such as Ip�5A".a�mpersaton, benefits, transfers , layoffs, { from layoff , social and rec=eaticnal progz ems will be ministered without regard to race, creed, r'P color, national origin, sex, age or con:dit an of handicap. 4. Take app=prlate steps to correct any urdeation �a of women, minorities, Vie=am era vete_rars and hardica=.. ed i rxL% ViAials in tie many' s wvrJsforce . ' Marf A.i :een 0'C�,�� has been appointed as Di.-ec�.: r of Leval 2*1=. r-vm � t'i reporting direr-.._y to rAWrence F. W+Ekes Vice President, Dix -actor of M=n Rssouirces. All operations win , ,= y Y es Lance reports (applicant flow, hire, prucet.On, and te.--�u,.�at_cn rak.... lo?s-ice yearly on JLme 30th and Decaber 31st to the Direr- r of E90, 1430 Mermhandise Mart, Chicago, Illinois 60654, in order t'7at their =mp--- a with our policy can be monitored. I expect t!mt each one of you will do yoyr utaost to cMFly wits you- operation' s Af-94 rta AL—tion Plan and insure tMt our corporate ,ride polioel c=cv.—.uzq ecal. employment and aft!- =at ve ac"z on IS t'..e very highest pr:•or t f. .� 7 ,MW ss-la21 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 u, 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. .Kits ➢ A: 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 j tG • q � r 0 UNIFORMS 0 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 used at the center. Selection of the appropriate color schemes, identification tags and other details will be developed in concert with the overall plan for the Orange Bowl improvements, if desired. E3 I im VOLUME SERVICES U /NTERSTi37-E UNITED 96-M1 r: X•. A) Service Person Uniseit Go:' Sh.lt—Tan Employee s Own Pants'Sacks i Of Vendor/Concession Worker Unisex Vendor/Concession Snirt Female Jockey Style Cap Employee's Own Pants/Slacks ,0, C) Vendor/Concession Worker Unisex Vendor/Concession Snirt Male Mesh Baseban Cap 3 Pocket Change Apron—B,o,,,,, Employee's O%a,n Pants/Stacks 9C_I�, 7 V I ..- 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. :y pl Restaurant/Catering Lounge _ - Cai.avtay Apron —Black & White Pinstripe {t Formal Bowtie—Red or Black „ Employee's Own White Sheri/Siouse Employee's Own Back PantsrShirt I 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 SV-1V 21. VOLUME SERVICES ORDER 00RM REM SIZES b OUANTITIES TOT AL OTC 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, One•SttefUs•Ab CATER VGt0LN'GE CALLAWAY APR0% 1 FQRMAL BOA,TIE One•SITrFits•Au RED FORMA, BOA TIE One Sze F.rs A,• &ACK NUMBERED One S irTirs Ar MVSIGN AS I25:traW'. ! •A' ^ ^',Jm O,Je 12 P.P.el NOTE: Vendor/Concession Worker Shirts will come complete with Aged D Insignias applied on ar Initia; 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 wIr 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 Votarne 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 Add,ess CIt►• DELIVERI NEEDEDB)i 864 TOtal Ai. kAerCh rid 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 I SSE7 VDI i PPI C-kICER TW CE RTOWATE 19106M AS A MATTER OF wwwrw 1aON ONLY AND CONFERS MO IrGWTS UPON THE CERTIFICATE MOLDER THIS CERTIFICATE DOES NOT AMEND, fXTM 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 MANY A TRANSPORTATION INSURANCE CO. (CNA) Y E CONTINENTAL CASUALTY CO. (CNA) ETTER CANTEEN CORPORATION, COMPANY C VARIOUS CARRIERS TI5 DIVISIONS & SUBSIDIARIES MERCHANDISE MART PLAZA a Vrreb O CiIICAGO, II. 60654 �RNY E TM E TO CERTIFY THAT POLICES OF ROMANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWTTHSTANDftG ANY REOUIREMENT. TERM OR COWXTHON OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY K ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES OESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDI• TIONS OF SUCH POLICIES TYPE Or INSURANCE 'A POLICY NUMBER POLO FRE".f WE IMY%"; POLO OAR NAJDYY, LIABIL" LIMBS IN THOUSANDS AG3RE3A'E GENERAL LMBUJTY 90DilY $ $ A X. D AEkERS'►K FORM CCP001704517 W1 12-31-89 PROPEQTV $ X PREArSES�JPE4A'1o4c X Log o:R:R)U%: EIP 059% 8 CkLWSE WLACC OM/AGE .$ X; PRWX7SWW'XM OPEiL► O.S B X CohTw�cTua (Blanket) BooMe ED $ 1,Q()Q $ 1.000 PI10mmxh" CDh'TwTort XXX; 6,00 FM PMK;ITY Dw4u X I PERSoh4 Kiu- PERSONAL INJUPY $ 1,000 X Licuor Liabaity s. L AUTOMOBILE LIABILITY 90(, A AhY A:"; BUA00170I516 17.-31 12.31-89 IMF � $ A- DAN-: Ar^3c MR'. PASS (Except Texas) DOD P� C IPF Muir A.7 A 'X" ,ghAvhE: A.�a< CCP001704517 PROPEF'f DAMAGE $ GARAuf .iAEt;_ (Texas) : y P COM8tNE3 $ I,ppp EXCESS LAABILrrY C VARIOUS PO e6, LWL-A „ 12.31 12 -31.89 a $ 10,000 $10,000 0411 1 rAh ! vVSX `:I FORM A rIORI(ERS' COMP NSATHON WODD1704519 WI-86 Wl-89 6TA TUTORY = ,--;:-. AM 5 (EACm SMPLOYEW LIABarn WC001704518 (Calif.) i5 (DISEtSE•PJ,iC, UM'. ,.. S (DISEAS=_ EA.- EM 0T1ER With respect to Named Insured's aon0vessi operati n at the ' ty of Miami, s Orange Bowl Stadium Miami Baseball Stadium, oertifi to Hold rhmnad below is an '• DESCRIPTION OF OPEgATIpNyLOCAT1pN5/NEHICLE$/$PECyU fl'EIAS 30 DAYS ADVANCE NOTICE WILL BE GIVEN CERTIFICATE HOLDER IN EVENT OF CANCELLATION OR CHANGE IN COVERAGE r�21 City of Miami v Finance Dept. /Risk Managemnt Div. t, 65 S+W. 1st street LL PAN(TS�ES pq U L�T LIABILITY s' LL Miami, FL 33130 4JTHORIZED REPRESENTATIVE • �- E8# etters of Recommendation ■ We■= gji; 'M0 LIVESTOCK SHOW i June 28, 1984 t 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 inceme 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 2600 HOWARD • P. 0. BOX 907 • LITTLE ROCK, ARCANSAS 72203 0 1501) 372-8341 V Drange County, Convention /Civic Center Thomas R. Sev.1ell• 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 % ith the fo! d service c•ontrCrtrw in co:.trollrne service level. price and food qutility. This t\pc• of brranoemnnt d�manr.- extensive catering. concession bnd manbuement experience fr•orn the food -�er%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 modify its operation to meet the clrr;npino needs of the Civic Cer.ter rind our Z•lic:nts. Tire Orange County Convent ion/Crvir Center is plvu••c•c to hove tilt Scr%"ce• Divi:,ion of Interstitc lnitr.t Corroratinn us :,n inteors; part of u-..— bu;lding staff. he believe they ha\c hoped u� n.ac thi- r11. cx(•cptior,::) facit,ty. �in�ercl Tnamas H. Se%%ell TRS!1-:» 86-1021 9600 International Drive. Orlando, Florida 32809 • )305) 345-9E^0 0 SL Paul Civic Center 1 I A O'Snaugnessy Piaza • St Paul, Minnesota 55102 • (612) 224A-7361 Marlene 1 Anderson Managm- 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 conLan- has prc%•en tc Le a very positive advantage in v;r food se -•:ice area. Vcl•r.e Se:-Jices carefully planned the transition, and ca:r:ed 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..a!e rz:-_ tc t=th the facilities ane e=uip-ne-t Vc1-:-.e ==:-:ice: w:rks closely with our staff to p:c,t:de Wr._:c :cr set-L- iE r.e=esiar• to be:t serve the event. T a Civic Cc-.tc:, fa=_lit: w7:9 be^;.cc cvF: 350 event days with attendance ever 1.5 million i-. Events versed fro-i czntinental 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..a4ntained the caalit} standard osr c.:rtc-=:s have ccne tc ex=,ort. �._ iticr.___y Vcl•.: e .:vices is activcly participating ir. e::r sl^' r._:.: rc-.n•:a:__.. F:c:,c:t r.-. in p:--:e=s. Their ex=er.:sr }car been a-. the :: —c• cence_sicn service areas, en:. a e f 2:-s!-F•.•cr ir. iac::se k.::s,c- facility. .. 1•c. arc conzidcr_r..- a fcod ar._ be•:crage contract for ycu. ties, I w:...= en:c:::a:a ,•a_ tc look to V;'_ur..c Serv_=zer, �It w?.at they can cfte: yusr epe:atior. and your e::stor..ers. is t:ul; a rrcfes._ona: fu.1-service food and beverage co -par., ttaa: has Fat:sfaed o:r eustcmcrs and madc my staff prose to have then Involved ir, the Civic Cente: operation. Fours very truly, Marlene Andersor. Managinr Director } MA /r $is 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,ape" L� James M. Walczak Director Casper Events Center 8G-1021 Nurnt�er One Events Dwe. P O Bok 140. Ce,,ne,, Vxlyomine 8:tti'►;, Pr)c�n� t30' 577-090' u w nttt• :} intrrt'.Cvv / i .1' Y p! �b•a"� n W4YaYjC'� `%p.�, CO) 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 Corcessioraire for the Tampa 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. t They have always been sensitive to the image of "Tampa Stadium", and Y= work in partnership with us to maintain that image. All levels of management are available for consultation at all times, and special .era. {{- Events at the Stadium draw campany-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 faod 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's 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. h- The greatest part about all of the increased business is that all of the un- s` 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 i, due to the professional managerial attitude which we have experienced right through the Volume Service hierarchy. • Roberts Leinau General Manager Y RL/tdn x,= 86-t021 Park Once 59 8�a Kamena�eha Hwy, • Haie�wa. H 9c%t2 Ph 638 6511 Wa.i,.ki Sees Or,ce SwiP 1309 M2 Kaiawaua Atop. Honoijiu Hi gfzt5 Pn SM-8443 „z., 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- y' 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 150-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 Park Ot',Co 59 B54 Kamehaneha Hwy . H3ierwa. H 9671-1 Ph 638 BSt1 Vva-kski Sates Omc._ Sullp QC9 2222 Kajakaua Aye Hanoljiu H, 9rn)15 prn 9?.1.844R - y 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: fete 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 Racing 116 IK'' S'�t'7F(uF�T TH.RI, 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: eo,mpany, 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:-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 700 "M" STRLr7. FicrSt-m, CALIFORNIA 93721 86-102, TELEP110:T (209) 48b-1511 0 4 ',a-ch 21, 1993 TC "NC" IT MAY EC':EERY:: City of Austin Publ,c Event Facilities Lester E. Pakmr Auditorium City Coliseum In Oc.eber of lK-1. Volume Services Inc. was ay.arded ti c- fcod and beverage sorvice cn try _ . in Pustirs PW,ic Ever- sac i ! it es . T..e c,/arse f+•or. a !ecal cunce;i-1iir t(l : '1311--nal an(! beve-,:ne c m.pary feel orc'ven to t a very pcsit ve aivar.tagrr n u,.r` s:_- ;er. ce Volume carefully Planned the t►-arS`ticr►, ar`d carried it t-.,c:i h Wt^ no i';terrupt'on in ser- vice to our eust;::-ers. Once on board, V-ey began renovation of o�,'• c^!;cessior areas and hare Io- date Trade ma jr- i-prover.c.nt: to both the facilities any eq��iarrent riithir,, As a result o` re;;, of fo!•t aric'. we are rn:.►: generating sorre of tht highest per :aoita in the cu°�►1:rv. C;► t;11;t nanane:rprlt works cl:sely wi:h ray staff tc provide wnitever set-uc s nc:essary to best serve the = event. In ou- `�..! ity/ ► e rar, ct:e '-n e.^` : la_t .recr, and tney pence fr:^ 1;jrc�ec .s :50 corpuratt e...cut :cs to F o ;; ti_.;/arl�ire rock and roll fe-.. I.. all cas=�. Nvl��r:.` S��►vic�)s h,:_ cic,red�tc thN rzes of the event, af.� 43S r}alnt'_'•/E_ :he qua! I � f standard :."' CJ'a`.vT•?r f13 ` � s :e corr.e to expect. If yc:, are consi::,rirg a foul and U`1t,-3'.t for ynur faci titres, wu;:ld encourage j�u to loot; at What Vol Ur-e Ser•. ices Inc. to offer your operation and ytu.• customer;. They are truly a professional full. service ' food and beverage company that have made cur custorrers and my staff proud to have them. in ou- operation. x` Fesaectfully, Ron Wood Director RW:rvb i��4n2 .. 4 V6-1021 • 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- I J 4 Canteen: Profiting from a diversified portfolio Born ,l A elldlllg COnll`,111% Ill I,l_u Canteen Corp h.l, sunned clang- 111' e:,`tli`t11I: tide, and A ditictent parent org.nuiations h\ r:;r,ulur= ,Idaplable and fA'r%%ard- II1III i.;11 \01 Ili,t .1 %CiIdltli :kVtlp.l- n\ .nl\ ❑r,'re. Canteen ha, dr%er,i ied tali\ Into the :ollt(d:t (A'OdNer%Ice III file hLmnc„ & indu,tr%. hcaIt h :are. ,ulki :du:,ltlon ,egnletit,. In lU.,�?. C.lilt:cn .nhic\Cd re:�•rd pre-t.l\ r.'ti;, of million on re\ gnu:, f,'r- I mullion. making it the third tars k,I food,crk i:e management In11 ,Ili tit the vuntr\ tit term, hehmld ,nl\ ARA sin,! Marriott F-\pl,uns Robert A. Ko/Io%%,Ikl. :.weed a career \%fill C .uueen h� helm named m, presi- dent .Ind : hlef e\e: unk e officer carp- er this \car "C)ne of our biggest :hallell es todai, I, being able to .ut- u:lpate and react to the chancing nature of the marketplace For e\- antpl:. through sl.11led management and the .IhIII1\ it, he flevble. Can- teen %k a, able it, react qui: kl% during file recent re:e„Ion, %%heft NC con- tinued Io maintain and gro%% bottom line protitahihlt despite %olume de- :lines it) se%cral of our major nrlrkeiplace,.- Kozlok%ski refers of course to the fundamental changes %%high hake been occurring tit the American econont\ o%er the past se\cral \ears. :awona a -shift from a smoke,la:k- h.1,cd ::OTIOIIll: ,\,ICIII to olle of ill- formation.communication. and ser- \Icc industries Throughout the nlld• .111d late "Il,, %%title Calltecn's rc\enue, _re%% steadil%. it, nlconic dipped mid I \ear or I\%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\ement ti,llowed h\ one of dc- chne Mo,ll\. the decline, "ere the etle:l o1 %%ork-li,rce Iedtl:lloll, and plant closings among Its Iraditional large tndustrial clients. It %%,Is clear - I\ tittle it, tit\ erslf\ the hu,m,:%N hale. Canteen's strateg% of "Catherine sotiness in hea%\ ilidustr\ h% cn- irenching solidly in less oclical I\ pes of accounts—hke h.utking and high technology —and h\ dc\tit Ing a great deal of its energies to such high-,_ro%%th areas as recreation and health :are• has been re%%arded at the hottom line. Despite the fart that re%enues dipped in 11482 to 57501 million from 5785.8 fit 1481. income rose �A1.3 mullion. to _'.b mullion. in that period. An increase In net in- come of _"_ percent ill laS : is .tit c%en more po%am e harhinger of Kotlo%%s- kt's plan to sustain a compounded AMILIal net Income artmill rate of 1' fo 15 percent o\er the nest fi\c \cars. Memm hale, the past 15 Vicars ha\e po,cd other clwIIcnges the Chica- pl.h•I,Cd :oIllpan\', owicr,hll' 11,1, Oianged ftntr tnnc„in:e I`Itrl, MienIt %%a, .I:qutred h% ITT Corp to IW72. I I F --old _'tl percent (it' Cati- IeCil', ,loch on the opctl in.iri.el as part 01'•1 Ju,tl:e Deparnticni dc:ree. ,Ind CantcLln he:,inie.tit independent puh11:1\ held contp•nn\ -I he follo\%- Ill,• %Car. C.ullecn %%.I„napped Ill- h\ Iran, %`Aorld Airinlc,. In:. Arcad\ parent of Hilton Intonational In Januar\. I`I'kl. a lie\% holding :onnpan� :tilled Trans \kotld Corp %%•I, lortned. %%uh the .iirlinc%. Can- teen. and Hilton hCO)IIIln: o%%ned ,uh,idtarie, In file Cn,ut11_ \Car,. the real estate hu,nles, will it, ,t:y1n,1- tion of Cenlur\ 21..I11d added adds- 11 'll.11 t h d,el'\I:e:.11'-lhlht\ \%Ilh It, .I:gtll,llI0Il O �p.11IJII 100d \\,- tclll,, the Al%%ner-oper.tiA,r .,t IIIC QLIIIl:%', F.urlll\ StCA Hou,c :hale .Ind the .,firm-\'s Llr_e,t Italdee', fr.111cll,ee fiut despite the:onlrihu- tloll, of It, t,`tlr non -airline bti%m- ese,. Trail, \\ orld%. resting \%ere he- titg hurt h% 1 %% A', losses, and tit Fehruan IL)S4. the airline% \%a% spun oil'. C.Inlecn's parent \%,I, ,uhsc- yucntl% rechristened Tr.uls\%orld Corpora ion. and In file moquarters since the spin off has sho%%n pn,tit mnprmements of oker 100 percent. Canteen's longstanding autono- m\ \\ithin It% parent oreanization has enabled the company to pursue It%o%%n goal tit' di%er,ification %kithml the food,er%tce Illdtlstr\. Yet K,v- lo\%ski and other nienthers of the Canteen executi%c team are quick to Point out that file conlpall\ is h% mo means abandoning its Industrial contract and %ending husincsscs. More than a third of & a:counls in the conlpan\'s Food S Fending Di- BG--1021 F._ F %Isom can he 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- eraiions. 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 in 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� � .,entlui� a.ct,unted fttr a0 Ceni of sales • %\e'%e restructured sip as not to walk aua\ from industry," 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 aggressi%cl\ pur- sued "white collar" accounts. In fact. wtthi n its Food & Vending do i- sion. 90 percent of the new accounts hooked in the last four )cars ha\e been non -blue collar, according to Krpan. In addition, the eompan\ \ie\%%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 Preshx terian 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 - \ides pre -portioned lunches to ele- If.-nrh•r• ,tt'( :rntvvn'• tn. iuemwnt %ta tl to r.l Dim 5.•hueti-r. Hal Ruchic. Ltv Cyt^e. Dom Frneer. Jim .t9.•Guire. Bill Adam,. \7.A Dun.l;;. John N.rlvwt. Gov - Einmersom. Boh AtrlLm %ki. And Dint;.. Lam tl}IL.rs. Gntrec Tenet. Karl Sedlrrr. Vel Gtll.•h.r,. lkrn Att Own. AN (arl%on. Elhot Krwwff Ted Ar7.. Dan tirpw). H.d Brordon. and D.rrrell )'eviler ,W—w Q tssrr4► . 4 2 �� t L1 Ili.'11i,11\ tillslttl :Ill1t{fill, I'llil, ,1 ruhIIc li,laur,lilt , c,llled lllllh\ir,. ,llld ttrelales 1.� hoICI, \\Ith more illall ?,21111111tti11, N;III ultallitlll,l\, Canteen II,I, \\,,1 tied It` make all tit Il% op ralit111, Ilt�tre it"l -Cti Cill\C. A pioneer Ill IIIC !,\-tll:-ttlill:C Il1CIIl,hi tit ,rlf-,c'r\ tic'. Illi :ttilli�,lll\ C0111111LIC, It1 re[\ lica%1- !\ !I fill, ion:ihl Labor ,,I\III_, h.t\: hiin ,I_llitic.11ll. hill Ill addl- ❑. ,,I\, Kr(,mi. rarticirantln I, hC,'AL11C file 111c'thttd Aidre„C, ,:,l,tllCr n:Cd, het let, Ihan ,it ,Illd set rt'rllttll, Ill :Iddl- !!+':1. ,:I \ I,!!:. ttl IC.I,id C,IIIIrI11Ci11 \\ h11; thi rr,tdu:t A:- .JII_ .. if hi;111c'lh fl.11ler. dl- �t ;�I,�,lu,l \ nlarl.it clan• Icd r,tr- .... _:1 C:.`Il�`Illl,.t111 ,if\C Cill- :, \\it if fr.tcililonal full-Ime .,.,.. _ C KS h!1,111:, Im, _,r,t\\ I1 ,t1 1- !! w1hill I ood & � t'!`_ I.` .Ic1111111I,Ic't' II ,.i �:Illi:lll tit i1r,,\I,II11_ the of qualm fit rntducl ,t l','. !tl.lil,l_ellii lll. ,Illd to do this till is the C,111ICC11 OLI,1111\ f,',',1 St:r\I:e Prt1_ram (CQFS11i. a _1,`ur of ha,,k-,tl-IhC-httu,C Alld fr. nt•. f Tile h,tu,C manuals ,CI forth IhC Canteen %imidard, tOr cer\ c,tll,el\ahleoperational rrox- Ir,1111 rl',1dll:littll tC:II nl,(ui, I„ rImc presentation and nlil,lL,n,ll,ut_. "TIf,: hc.11ll\ of till, rrttirain I, fh.lt It cu.lhle, rcl,ul\il\ un,l.11lyd la- h,'r 1, ,u:.i„lull) produce And mer- ,11.111,11,C lilt: latticed rrtt_r.111C, ,,t'„ �:.In IZ h111,1t11. dilet.101 tit d1- el:li,, .111d the :IIIC) ,irchitC:i tit' nnrl:rllCnlul, Ihilr tt\\ll Itli.t, \\1111111 IIIC tl.Illlc'%,11f, Of Op. ( QI •1' \\a, Intrlldu,it! nl Itl,h n i ll///Ii/', ,://•,:Cit't/,/11, 110,1111N:t1 /,'I' I1111111-1'11.all offi," bad,11114.., .uld I, eflecn\ cl� Ill place lu .111 C,ul- Ieell ,I::ttlllll, A it\Illr,lill, Ill rrt\- _rmn lie, unit management', nlcen- ll\e, to hit\\ cl,t,cl\ the CQ1-SI' ,taild,lyd, ,Ire 1,lllimed III ,Iddifloll. ,I.ill,l,lyd-hCal'lll .16:6111ill, I11,1\ he de,l_ILlted as training collet, lttr llilll rll:lll:l_Cr,. C OFS11`funtalttll, is :I pattern Ittr \Irmall\ e\er\ t\l*leo aciount:till- nn_cnc�. For In,taniC. manual till littf Food% mid Cold Food% are ar- ran_ed h\ nitldulC—,ueh .1, St1ur,'It Such, Earl\ Bird (hre.ikfasl I. Farm- er's Market (salad har,), and Main F: cnt (traditional hot enirCC,)—,st Ih.11 nl.ulagrnwnt caul .Marl the rr,t- ,gram% It\ fife requirement, of a par- Ilt:tll,ll ,l::OLlill. Sm,Ilicr .I::ttlllll, nl1_111 h,nc tiny one nlulll rnrrtt,i %elt-,Cr\Ice area, \Mille Ill_ll \tlllinle accuulll, nughl find it \i,lhle to ha\e ,Cpai.ilc ,Cr\ulg area, fOr the saLui har. a Trull h.u..!C„irt,. CIi l he m:lnual,,lilt)\% ftlrall ,tich \ar mion I Lill-cttlttr Jill, 11,t_r.11111, 1111.1,lrate ,ICr-tt\-,ICI\ apprt41: he% 1411' rl,tcC- dllrc, like r,uuun_ 1101 ftlt,d, 111' 1.1\- nl_,Irll file ,aladhar I \Cn nlerch,ul- dl,ul_ tcchnlyue, such a, IhC dt,rla„ ahtt\C ,ir'\Ill_ Ifni. are ,rellcd 0111 h\ II1C r1'0r1.1I11. ill,lhl;ll_ liotirl\ 111thi,c'r\lii l\t,l'I,er, It1 fOrnl file task In .iddition. file tn.ul- Ll,l{,,Ire Used Ill :,11111111:11,tn \\ lilt h•'1 ,111d cold ,1.111\ 1110dll:ihtll 1t\_ .It.Ill,ll ttlttd IICI11 ll,.l_C ,I_,ti1+.,! l0l_eLJ--11ed ll,,l_i. ,md It`r 111\e11I,'Il •Illd other rllfrtt,C,. To Inure con,t,tcm yu.ihf\ In product. all ra%% food I, It, ,1111: i II', ,rC: In:,lllt ill, and .111 1 C, I- re, .lie ,Iandardl/Cd ReopC II1,U1- (1.11, III:IIIdc 1111•t11111.111oll ,tit t.i11.11111- Ile, Ic"ItIlled for \arl,tll,,.l1c', lock For large \ttltime acc,unll,. C.uucen is 1111,11 IC,11112, .I :ttll)I'll lirl/:d ,\,- ICIII ,It Ills.' L Ill\c'1',II\ of O%Il I:,1,h. \\ltl:h c.11l hC used lit ,Ilrm k or C\r•Illci numherot reople Sad, I red \I:101- ,ttll, \ lie rroodim-national lcoor. " I hC,C rroduclit'll arC unl,lui It, IhC nldu,lr�. ,alit _I\C its .1 \\.1\ 10 0 JILI.IIC \%11.11 \\C rC'cfo- In u, Arc \\c portioning ct,rlicil�' Sri \\C "'lle ,I,Illl_ •I:iLIIJICI\ .Illd tl,lll_ s\Llr i\:IC 111011,11- lit the he,I .ILI%anl.l_c." III ,Iddlllttll. ihi i,1111i',III\ h.l♦ 86--1021 i 1 0 moikcd up pre•p,l:ka_cd fl,l\onn;+� and 1111\is Till olit•II-llsed Items llk: s,lll:es ,Intl soups iIi certain ac- :ounts. unit managers ha\c been e\- permiclllnlg ailh selling the soup bast' till\c., Ittile fill- creal n soup and otic Intl :le,irl it, cu%lomers. Thiouzhoul Its operalions- Can- lien us:.,l ti\e•\\eek Standard menu c\:le, \\hl:h \uric. \\ith the season. I Ic\ihihf\ to in:orpor.ilc local fa- \ottle% of it'\ oul tie\\ Ideas Is built mto Ili: cm: manaccnient 01001.c% ,Illlow-, Ills' sllg,+esled 11011% a:cordll1_ 10 need. and I. Ilee It' %tth- stnuic uh I,, Ike items per catecor\ tas tit dessctis or entree.l pet e\cle. sllhli:l lit Ihi applo\.11 of Ill: dlslrl:l n1,u1,1_ir Ft+r n1sl,ul:e, al Iht• f edrr- al Itisir\c Hulk ill S,.m I tmicrsco- 1\I+:I,' lh, :ll.l.`Ill:r popul,tllt'll II1- :lll,lt'� ill.im, 4,1•Iil, as \\ell ,1% %1` 1�111s1,..I,;,i I)::Itlillt,lls. �t.l:t ll.t,lsl p',!l, h 1,111d ,tth;r ()rlcnl,ll past- Il;� ,u,• ul:lud:,1 tit the mornnlg tttli71t1;s 1t1__:sll\i s;IIIIL 1::111111{lle�.11s++ hill' ki:1` :,•sls ill hn,- For install".. a Ile\\ pr,t_I:nll :allcd the �iI\ sllhll\ :Il:0lli,l_Cs:11s10111eI's Ill pl:t,ii,Isi IOod 11011s Much :tic Illo%l i,`sl-etii:U\t•It+scr\t' ()it ea:h:\:le nl;rlu. yti;lal ticnls ,tie nidl:ated ,+t,l. It : Ill,l:,lttt111 Alld : Neese) or in.ir II1♦ it a seat" t.t,l pl.itler). -I leis; ileills ,Ile prttlll,tl:d h\ 111C,1111 of ,1 lai_: tllll-:Aor poster IlLtlltlted s1r,tli I:,III\ at thi heelmlin ot• the silt nl_ Ilnn e -1 he :nlp.ln\ also pit.11:�' Its srll-sir\ I:: I11thltilc% h\ them. \\h:nc\er possthle. nc,lli,I Ili, 11111111 of emr\ In tlie eni- hl,t\ir:at;I:rla ofConlhnled Insur- ul:e Cit's tr,unin_ hcadyu.iner% Ill ('hl:a_o. for nlst,lnie. lo:aung a st'll•st'1'\t' %.111dtt1:11'ItAIIIIIl hear the door rctImcd ..ties tit morc cosll\ s1:.1111 1,1111i 11011s tit _5' It, 311 hericill of tidal %.it:,. rather than the pre\I- till% 411 pcicciii ill side, Alld lilt• re- �llll.11ll Illlhi,,\elll:lll III plt,dll:tl\II\ e1l.11tli,l (.Inlrin I,t i,,I1I1111IC it, roll Ili, }.1.'III!\ ,Is .1 sill-sllsLlI1111L ,.null. , \;u Ihltu_h 1hct11:n1 11,111 fe- ,;Iltl\ trtltt.,,1 ill; .uutnnit it) ll.suh- sl,l\\: \\alltitl I+t 11;•e1lhh.1svr It I I•t.nl Will"Ill rinnnl.11n1_ n." i\ I`1.0111 DI,k S.,tll. r:_"l.vl.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,� this Gtiihl\ file %:title \\a\ \\e \\ould it prolil and hiss ,i:Collin " Despll: lilt.' Ida 111,11 1111� ,1;:,t11111 Is lo:,lle11 Ill .1 hllslllil_ urhan are,l. part):lh.ln,ln is ". percent B\-the-o1 nix --cmcc I, ills,, llsed ahenc,ler the situation hermit.. The conlpan\'s first form into the crn- cepi of h\-the-dunce ser\ice \\,ts ill the area of salad hars. but this for. mat has gr(m n to include sand\\ Ich bars (same accounts e\en h:t\e both sere-\t,urself-b.\-the-Oun:c sand- \iich setups and care -to -order sta- tions). ethnic hams such as Mem::ul and Italian. and build-\our-o\\c concepts like baked polaloes and luiu.. GUM\er's Is Canteen's self -sir\ n:e deli 'restaurant concept Desi nest prinianl\ for multi -tenant o111;: buIIdinas \\here no iIIdI\Idual Icnanl has food.cr\n:e. Gulh\cr's I% ill the true sense of tit,: \\ord a pubh: ra- taurani. The concept I% also an nr- poriant e\pansioii \chicle fill Can- teen. in that it ills" has h:;l: �ll:i:�slllll\ Jddl"led 10 :realloll. and lie.iltli:are ci mz, There are ahow mil diven Cjt:!!:- ter's tit operation currentl\..nid i:- cordnl, it, KI-pan. tilt' conipant Ni .•.Ili 1a,111tl; s h tr !fir rllfrrll are *i ant rh are.l f a' C :Inlr:n 10 Could add as man, a. SO or n0 in the upcontink! %ear. The concept is all .elf-.er,c. emphasrzine soup%. sal• ads. sands, IChes, and similar light fare. Breakfa%t is list, a,ailahle. B, the ounce ser,Ice is often used. De- cor Can he adapted to almost an% set- th . and t\pical size ranee. an\ - „here from about 4;0 seats to mere than 00 A\eragecheck for the Gul- h, er's concept o, erall Is about �,I.00. _;ncratlne a,eracc Witt ,olume, of `I`I�.I,tpll It,'5Ib0.000. Food casts are about ?b percent. „hile labor cost. „cI_h nt at ibout percent. hit:hcn mid storage spare re- qulrcd h, the Guli, er'. Concept are ntiiiiniA e,en though the soups. Chill. and optional hot specials are :o,k:d on premise. The absence of equipment requtrnlg HVAC makes !'1011t-end In,01111 nt qultc lo". Xtwilier Is Gunner's catcnn2 ca- MPPW i I �r pability At the Adler Manctanuni, in Chicago. catenne corpo-ratc. school, and associ;rtton flutcliotts IN a tremendous hart of manager Lam Posen's husniew Despite the fart that the kitchen is less than MO sq ft.. Posen can and has catered eight course formal dinners for w\ertl hundred people. The onl% requlrc- ment to honk 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.ultccn's manual f oodser, ice acounts a. „ell At a major I BAI instalIll it'll In San Jose. Cal.. "here Cxitcell oper.itcs 10A'dcr% i x III fik e hutldln,_s. as much .1, `U perxiii of the hushes. I% front catering funC- tlilili The Llrgest 1,,I% III opcit li ou'e for "0.000_ hold %e%er.d wo to hke NOtt ) .4k );InAC.L. 11,0111I/? /l,rlt "Onwrhe.f porrit sit ofCanteen', hiI,llw%% It,i�at, r 4 r..d • %i. _rr MOM tfi11111ir !W'+ I MOM tfi11111ir !W'+ I a celc•ht.11c' it, -slh allimets.lt\ of Ihc• pl.nu oil the Nest Coast %\here the\ Oricnlatcd, build-win-mi ii hors are PJIrIl:ularl\ popular, although their popularm I% rapndl\ spreading across the cUllnm to I11Ore tradl- trOn-hound markets 7 hese bars ha\e also prO\en as adaptable it, Itm-hudeet accounts as the\ are ill the flagship accounts \\here Can- teen's m•housc archntecis ha\c dc- sivned the facilities from scratch At Ihc S.mia Clara Count\ Gmern- mcnt Center In S.mn .lose. Cal , for fit - stan,c. alihoue.h Canteen has had tilt- .1cc,Rlt11 for the past right \ears. thi fo,+,ls;ni:r facilttics "ere dc- sl-"rl;d h% the pr,,Ie:1 archllCl l and ht_}l lahot c,,.t. due to desnpn mefli- cICIi:Irs\\ere'.1:011"1.1111 problem IIf 'I,!. Ic" ►ban a \ c.It a00. the 100-sem rc'sIJII1.1111 p,,riI,itI k I IIle lllcIIII% \%as :l,+sr,l. .11ld ,,ill\ .1 �IIILseai :.ltcIcrl.l rerll.11ll•,',I Ill operation 1, nif I1wn.I2- rr Rt,_ir A\som sol\cd the problerll h\ ulsiall!n: a %mipli self=srn Ice bar Ill tlt: snl.11lrl dinlllg arca. and Ofl'cr- Ill_ All Inunrnsrl\ su:ccssilll h)•Ihi Oun,i etluu: 1o„d bar Ilim ch.ul�cs \,,\% 111, t.l,ilit%. .1 P-oht and I,." .1„owll \\filch 11 Open i1, the h,•,.t. %0111; of the I,,\\C%I Ill lllc comp.lil\ s B.l\ "Nc rr tall.!!1_ .ihoul \111,t1 (.nl• Ie.rI ,.111 dI' unticl Ies Ih.In Pt-rfe,t c,vl,fiti, ij, " s.1\s DarrcII I ) c.tL- li%. NL"I C t I I A IC.1 \I:t-Ill esld: II urn d;! \1h,�11; •�\si,ill's .1,:,+llill I.111s " I L. ! . 1• .I sprci.11 , h.11lrn_; I ` Pro- . n: f,,r ,bent ltrrds,uld s.11lsl\nl_ Ihc cu.t,vncr %%hen 111, f.l,lilt % is 11"I On lilt, priont\ list for repairs mid In1Pr0\enlcnls .. Sit, 11.111.111111idi 1%d,+llhl\ II11POt- 1,1I11 Ill 10d.1%'11 r:,,I111111t. %%hc711 elll- plo\ers are t.lhm an r\tra-hard 11+,,1..11 the %,hut- OI' Ihr ht-nt-tils 111.11 ttit, \ pro\Ide and Ihr .Ilinudt- JIsO lllldt-l%c++rC%.I:OlPOl.11e pllll„sopll\ ti.I\• Ko/lo\k%ki "It is Our respOnsi- ill\ I1, he successful under :Ondl- Holl, .Is \%c Illid them. 1101 .1% %%t-'d IlkC Ihcnl I„ h, In ,11hrr \%orris. PI.1� \\ Il h I h,' h.11ld 111.11's been d,•.111 %ou " ( .1111ielt h.is de%eloprd .I nunlhrt 1 ill ,, I.1111s .111d p,,ll:lc's 111.11 c•I).11\Ii it I,- I111 sl Ill„Iil.thl\ use 11s ILUId. 11,11 0 At I t'Ib m %Mlle. Clwec•11 operates re%t.jurant%. lodging. gift %hop% all, tovr%. the IeJ%t Of %%hick Is a general pro. grant tO renegotiate man\ Of it, p&I accounts Into less speculall\c man- agement fee bases In addition. se\ - end \cais igo Ihc conlpan\ %%.Is dt-- c•entlalvcd. creating a lie\% Lt\er of gcucral man.igers \%lilt ultim,itc rc- sponsiblltl\ 1111 the perforniall;e tit' all accounts \%iihnl their hran,h. or district 'lhers are SO comp.m%- O"llcd hranchcs \\tthm the Cantrell s\shill, reporimi! I0U11,' of 101.11 arr.i \Ice presidents .. I fill s\ sit-nl II.Is .1110%\ rd Us I,+ br %cn Ilillcl\ In Our response to char e% tit lilt- marketplacc." e\. pi -lilts Haller. " hc:aust- file People %%ho kiw\% the local market hest are the ones mal,illg the drelsltms Mid Ihc Ones \%Ito are accouniahtc... Ili addition 11, Its cOnIP.nI\-O%%ned hrmiches. Canicen Is the only food. senicc• compall\ tit Its 1,llld It\ h.l\e franchised locations III fart. Iran- c'hi%mp \%as :1 major factt,Itit Ill%' Collip.m\'s pattern of r\pansion There are more than 130 n1d1\ ldu.il franchlsrd locaiitm%. oper.111t1_ IIlaII11\ Ill smaller cities Accordnl_ It, Koil„%%ski. franchising iernlor\ rather thin piling lilt,, 11 oll a cO1111%.1- n%-operated h.isls \%.Is Ihr 1110s1 t-f- ircll\r \%.I% tit rllil'rlll_ all .Ir,'.1 \\here the compam had no exi,lin management base. As the compaii., e%alu.iles a ne\% area Of the countr\. It decides cocwperatneI� \%hether if %%Ould be more tudiclous tO frxi. his: the ierntor\ or company Operale It 11imc\cr. according it, Kozh,\\s1,t the franchisee net\%or1, Is :,I this Polio rclatncl\ mature sales. Mll:lt are not nl:ludrt! II, C.0 Iren'. results. anlOunt to.Ih-ql : 1f nulhtvl annu.11l�. As fit Most stlC:rssflli h.In;Iltsi �\sl,'Ills. �:Illlrell'� tr.tll:tllsri� ll�, tile sank programs and s\ strut- uscJ Ill C.11ltccn's comp:nr\-oprr.nc,f J,- counis late\ ha\e first ri_,ht if Ir- fusal till Ile\\ piece" tit huslllrss slgrlt-d In their terntor\. and are free it) take all% t%PC of a::t,lllll--13,\1. hcall11 care.rc:reation. Hoki,c•\rr. most large recreation accounts ;,I*, handled h% the cOnipan\'s scp.lrml : Recreation Seniccs dm,,1 11. %%ht:h has the resources to pl.i:r awono- mous manapenncni teams In Ihc ul,f!- %Idllal .1ccOunts Laf,e re:re.lnon a:COU1111 ILI%i protcd %cn successful for Carltet-n. %\fit:h Is a:inch Pur.unl_ nr\% hu.t Iles. Ill.lads and national P.Ith%.:011- %cimon centers. Ill.irm.is. entert.mi. Iilc'llt Mid sports :,, III Ill e\r". and ill: I 11 IIki it) Doll KI'P,III, re- :t:,IIboll :Iccounts Po.e certaill Chal- lin_C. the\ tend to he long -terns :oiltracts and the\ tend to require suhstallllal rlt\estmenis. ili addition. the field I,, :rt,\\ded \\1ih ComPeli- tot, looking, for a Piece of 111e ICI%Ure I1•.trk,t it, Protect theinsel\es front `!!, \!,L.itude. tit* file traditional i1,\ I .,:Illelli. i ,:,:Ic 111to11 ac:ollill• also lend io sca"011.11 In n.lture. ;nid a - ,.`1,1;1!_ It` Gc or_e ]'title\. \ ice Presl- u ;.'•r::Ic;Ilit111 sel'\I:es, o11.C11111C Iht• .i.l.t'nalit\ Is one ol, file dl\l- hl_,,.t :hill:tt_,.. In 1 ell,`,. \,itional Park for IIi.t'lltce. \\ ili l e C'ItlleelOt 1-W Ser\ l:es oil\ I- ,1011 Operate% oer\Ihinu, from totod- s,r\1., Mid I,nl_in_ rooms nl •:P,Irale 1,1:I11tiol Ito lour bit 1:,J liorsehack rides. ill, it+utl Per- f re\enues ,ir, `_encimcd In 'I ' ,.^it`nth Pirlod In .nlJltlon. ent- !' 't::t:f11 s\\,I1. irt`ttl ,1 iltll-illlli f P,'y,le to .1 sc,ts,111,11 In_h nt.ikin_ tramin_ ,ind I'c- 1;I:+Illt'lll ,t \erg Illt I,'I-I,1111 VIII,•ti_11 aided h\ the 1aa 111'11 a(; rt'\nn,Itil� hall'of the mana_ers Iti,l ::P Ito ;u Perxiii of the hourl\ \\,'rids return each \car. the tirsl- t1,,\ .`rl;nt.ltton .11 1'elltt\\.tonr Is :enis,tl S,i\•H L Ru:hle.e\ecuu\i \ i,i Pie.ident and _euer.il 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 isle l elimtslolic P.I k 1)r\isloll t`I 11\' Senl:e.. '-I'\ir\ %car. toe ha%c iti _el .1 \\ll,'lt• Ili\\ .ii\\ t'il ht'ard .old r:'id% I" \\.`rk 111 ,1 m,lllel of d.l\s \\Ilh I11,+.1 ,il_,,111/,Ilitill. II I'Ikes \e.us It+,1e\el,`P,1 . lilt lll-C \\C it.l\e IfO da\s it, tit' It .IIIJ than \\i 11'1\e It, tit, a .III mcl-,1_.un Ihi ne\I %car Pride ul tit, It`h'uld 111,`r.sic ale .rticl'II. I,C:,IU.0 ihti•i IiillLcs 1111i- In.11el\ affect IIIL— alit\ of the \rst- tt,rs, C\Pertcli , ill the P.IIk ., \\ h,ll I \\ \er\l:e. i, ilk t'\Cr ih: ,I:collnl Ill 10'14. the lodt'nl_ (A:IiIIIe. 1 \r,ltni, Jrnrn_ r. tvre t.r.rt t't (.rn;,,r,'. rlt, ie rut" uhrt.•.t`ll.rt .r,•,.'Imi. E \\iII Ill ,1 SIM: ,+l t11,1i11.I1t' .II1t1 1, Id utd he\ira_e \\a•.uh.I;ui,l,Irl. re - :all, Rll:hle. Ili .tit tityre::tidemcd nlo\e. IhC:ontr'a:t that I \\ nCzofialed \tlfh the N,ulon'll VJI.k Ser\ Ice :;pled foie (11C tiPCr'Ih+I' It' 111 \esi:1:cllis toil e\er\ dollar t`i s,llcs In t he 1'.I:IIII ICs, N hl:h ;Ue t'\\ ili,1 Ir ll l Per:eni h\ the !',Irk Ser\t:i In atith- Ii It'll. (+`II II't �� lu% ,ipptopriatc flints. tt+_t' It'\\t1 r,l. f.c\It'll I/.It l''II ,`I. ) CII'mst"11c. its lar_est r.irk \s ,1 I esult. I \\ Sen i,c% ha,s spent a sllh- sl'ulti'II ,unt+unl Of nit'ne\ till All 011- 01110 liP_rtl,lc Of iltlsPIL1111\ 1'i1.lti.i Park t;l,lh,lis. nl,lu,hn - ` n111- it'M Ili .,Ml Iru,; (ir.1111 \ tiLL'e. a Ile\1 :tilllPli\ .'1 (th1_II1_ ,Intl I, �� `tl.i I- 11::tin 1 ,Ike 1 illti\\.it'nr III t'rtlil i.' I11,1 \Iltll;, Its Ilil,st- Illelll. the tollil"Ill\ 11.1, i.itr !'-d ,1 th O c l,• Ill, ol1-.e,l,,`11 1'li'llit!" \i11,11 .'I* III!. IIIIII.I 1. t\,I1,1. III, ri.1.111✓ hu'llic" dill III-, hi \\ Intel si.i.,`n. \\ h,:l Lill It' milt`\\ \\t, nt'\t rinl,un ,'Pell tlurul_ thi WHICl nlollihs„nld the: IIIp.III\ nt'unt'un. .I llect of tt\er-Ille•siw\t \:hl, lis It' 11,111.11of I 'llPPlles and \ isittil s Aikc I11 .td,ltllt`11. :11t+wlolic Is hill,_ PIt`Iltoled .Is AIlnslllis.:l'nt:l,tlsi ,inter burin_ non-pc.ik nitimli, %ilil.11l :ontinntin. .Intl hush:•. In:e►lII,_ I, ,.11st`thili`:lls,+l.l.II111- (.Ir markeittl_ thrust at i1\c (lhl,i Stale Palk•. \there the Reo,cairon Set'\ Ices t11\ 1,1011 t`(,el';Ill's sllllllar I.t- ►11111es. And at I lie dl\ I.It+it's lie" .1:- couni iit the F%cr_l.ido. a Prchim- tiar\ llP_r.ltllll,'- ttf fa:llltles there lids en.ihled Il1C in.irketin,` %iat1 It, Pro. 111o1e the tits Illtonths tit SePteinher' Ociober and Nmelnber till a lo:al ha.1.. Some tit L.11leteeWs, tither MAJOI, Recreation Ser\Ices ;IcColllll♦ Ill- :lude file North Rim it the Grand Canon in Ari/ona. NASA henne- d\ Space Center's Spaceport USA. a number of state bcat:he. and P.trk% fit CalilOrnia. mid HC Place. a nett sta- dium:omple\ In Vancoll\er, (Irulsh Colunlhia. Area. of poteiIIwI irtmth iliClllde Ct,ll\ellilt\Il :eiIICr.. /this, alld .tote and ii.littollal parks While Calliccil'. I':crcalltill,ll a:- counl%lll i6e It 111 oer\Thin: from rlllllllili' •�.l♦ s1.111toIN 111 Ill.11'lll.ls Ito 86-1021 i S �: yyy9 •i', & /F, a 1 \J (,,..:: 1.1" 1% ,t,. Ip:.,"" •,' Imm.t l.',.,tn v., n,, hidw.- (Yu;.i_, `'% IJl.v I itwt.vum: .11 )ill.`\%IIt 111 C. 114 h1„'I- ,I„ III, `I11111.`II 1111ial] till- .. _ .1!i •,' iL, ,'j,:!,I!I�`r� In I.1.1.3_ I',,1,i111 ,`t III, -,II, I'I, II* .IIc, lh1 ,!1 '1I� i., if I:,.II;!, „II �.. •IJIII, It, . .,,,! .I,L'!, .1!•,! I!,.III ,.IIi I ::,' 1. Ili �1, .III.! nl•:I. ••I4'illll_ ti, ui.u- Ii1.111\i I,• I111111)1:I C I I I Cnl '.!...!;II,• I..111„f I)LI_II,`.I1, Relal- DR( K111.111 I• .,,!I,III. .I'I,1 li,l\III_ I,'.'.I,,r,l.i If,. 111,, I,•I, If, 1, .1 '•t! '..lit I,'1 I! I � • .Ili �I. �1. .,• I,,. 'll'�'- I11.1, II I11111L it$11-1.OfIl;lt'ill .I, the It'll Iiillli11c,1,t'I DR(I,ttll,i Ihi,i\CI'- ,I_,•�1.1\ Jo\\n 1If,- Iil1_; 10 Ihi Ith,l],;I\I;,• 0111.1.11t'1' 11 1„hlt�\Il], .I l]ll:l,tl\ I,it'�r,llll \1111;I1 1. h.'11f .1;�1*,•.lint. I.' fhi 11.111in1 ,fill] ,. �I-,'tl„II'•, It'I III: ,Neill III ad,il- 0 tion. Mille apprt +maul\ `II I Io '15 percent of he;Ilih :.tie ao.01LI 11, art: In ,t fie ha,1,. there I, it trend It,. \\ard, a euaraniecd iu,l per haueni l]a\ ha,],. \\hick fun;ti,,n. it lut More like a p&I account. ,a}, Jnnnl\ Ilhchari. dititriit manager-urera- uun, for Canteen', 11calih Call. Di\ irfun. Camccn', health care a,:,-ii t, Wild it, he cu,it'mvetl III Ihi i".tllif:• IaIi,uLltllln. \\Illli ,IIIi u1llinn OIL ;tti111 ,111\', h,s,l, t'hir;s1m ,111d %\,teal, 1't1r ni,i,uILL'. Ihi nic,l, life Ili',-hi,i LLI\\,irl] H,"lit!.,! If, \,I- i'it \ llli. III ..Ire ,uh,l,ulu.l,i., ,11t1, t :fit from thou of the PIc,h\icrl,tn Hollie In f III tlili ttl J i'r11U111: Illliilhii i1 �� l]ehenl]inl ,k111il]-.',Ire If\In ,,':'.- I'Ii\e, 1t'f ihi ill]irl\ AI 1.d\\xJ. \\heiL: ihi •lint \I.n I, Ie„ Ih.u! t\\• \,.:'.�. Iiil; aii �r\in •he;i.l! i•.1 ... , niifilt, I,u;h a, h1.111d. I1,: !1,! ill,.- like. ill a,.Il]111t'11 it' ; till, Iii-,li- ,I�Ilil] illilill'i Yet :IIi i-.Ilt,Ilt, `.!.: Ir,'lll ,1 Ili\\i\ Iil.11l_ll!,Il,',! ralll ,i\IC" Illillll .111,1 ,lei it`.',: 11 itl,tki,.l. Ill hulk. 1,' .'r,l;, A Ili\\ ,I., 100111 .11 Ihi ill,1 t,i th,. tillif"I.i" till ICI1.1111-,tit: Ai Ihi Pfi,h\tirl,lfi II �.,,.,,',,.,• .,r,.n,fir•1'.v:,nut+,ur,�l.C:uN,•ir,'.eft;/`l,.I,•i!i`r.hrt_ 1•:,:_...., 86-102A resident. Be 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 I. alwa%% sersed at table, with resi- dents ordering from a menu which Mature. at least two hot entrees. Although onl% about IS percent of the health care market ha. opened to contract feeders. the segment is a rel- alk eIN recession -proof one. saes Da - %id %%:itten. national director -Health Care Di%Lion. The marketing thrust for the di%ision will be one of "con- trolled expansion." adds Witten. concentrating in Canteen's estab- lished .tmngholds in the mldwest. •outhea•t. and northeast Currentl%. Canteen has about Its health care account,. about S0 percent of w hich are conlpan%-operated and 20 per- cent of w hich are franchised. Education is another growth area for Canteen. Ha%ing recentl% ac- quired ['referred Meal S%stcnls. a pro% ider of plated. pre -portioned lunches to school children in grade. K-6. Canteen can now pro% ide full- ser%ice lunches to schools w hlch hale no prep facilities. Another ad- santage is that PMS guarantee% the cost of product for up to :t %car PMS's market has been expanded nationwide, and according to Krpan. Canteen expects the demand tier pre -portioned meals to grow. This additional demand would atl<_- ment Canteen's more traditional business of pi-mlding hood.ernlce management to school districts. Krpan adds that one of Canteen's prrman roles in pros Iding foodser- %lee (o elenlentar% .Jl oils 1. It-, tiph'-.erle hap% hke the E.rrh Bird hreakfiAt module are one ewtuple ol-CvnteeW,- ofort% to.•ur cusp.. tm __ IM Z_ v _ _ -fir ��►� • — - -- •� Ua in �Tllff[� e - — � P J e 1 rj !L•L!: , ,u,h .11 1/rv,.t:• ,:J1 . , , ; ;.,, . :'`n nl,ul.lgrnl:nt ,1f conimt+dlt\ uttll/a- r1oll Pn1 null, Ct111ege, .Ind mmersltle, till the oilier h,uld. hec,lu,e tile\ tend it) he se!i-,•peratcd. remain a less promis- In_ market for C,uteen. Ho%%oer. the ,omp.nlI h,l, recentl\ pl,ked up ,e\:ral „111tf,1,1, In addition. Ihere I, p,•mmal tk+r the Gullr\er's con- cept ul,ttue es and um%er,;Imcs. par- llcuL.uI\ III IhC grtmr11g area of conl- munln \\hose populations ,Ir: largely made up Of c,Inunuting student,. :%I the College of I al,e Coullt\. In Illinois. the 2'5-,eat Gul- h%er's there does more than nl hu,IIIC„ 111 .1 t%plcal da% Correctional Institutions repre- sent anot tier area of gro" Ili for Call- Ic•ell Ihal rt,(,uta11,1n ul 11111, c,teg„r% I, mI:rcasing at the rate ,,I' ,Ihout 21t percent a %car. Krpan po1111s ,an rh,lt prison adnunl,tra- tt,l,. slit IhClrcounterparts ul hr,llih ,,Ire. .Ire lurium! to olllside proles- '1011a1, It, r.l,: IL burden uf,.lu,i\- Ing hmh the demand, of the correc- In+nal ,\steal and Illose tit' rliniate right, gr,+urs Alid ,1, III the ,,t,e ,1l elellient Ir\ ,chook ,oirection% t+t11- clals nitlst .11,++ deal \\Itll ct1I11r1L1d- tne, utlll/atl,+n programs. The nta• jt,r11\ of the compam', correctional ,Ic,t11 ms generate \oltlille tit >l 11111- llon or more. I orton Detention Cen- ter tit Vir nua gcncralcN j2 ? Ind - lion Canteen has eight correctional ,1„t+llllh 111d1c.111\e tit' the ummth 1110dC, nitl,t tit* IIIC,C ,Icc,nult, "ere ,I_ned \\Ithnl the past \Car. !ie\olld IhesC tlppofll111111Cs. Ko/- It+\\ski tee, a great deal of potential hu,nlC„ In related area, *Ake hasi- call\ \\III cylore ill\ opp,Irttill lties that ,:ome our \\a\." he assert,. -We feel that \\e lia%e de\eloped .1 mill- her of design concepts that can he nultuall� hencticlal to the compam and III the client In socral area, .Illst ,Is c•iamples. Ko/lt,\\s(\I c11es ,41Lu111*\ cluh,. and lucahtiunlcll,,ll gall ,ollrses. -offcc ships and ,n.lck half, III ho,plt.d♦ hill I11LICI •Ild:lll tit* P,IIICIII feCdiniz. rc%ort,. and selected nitluar\ 1CCdntg III ,IJJIlwn. ,,I\s Koik�%%,I,I. Ih: ,t+lllt'.111\ I, I11\call ,Illllg .1\ C lisp', t.'r rc•lmeJ nlanagcnlellt ,cr\ 1cC,. ,tail ,Is h,al,ekeetml_ and hulldul 2 nlatn- tellance. \\ filch \%,Iuld he ctvrlp,tlhic \\tth C.micen', cm,tnlg client h,l,e Such ne\% hu,me„ might he ac- yulrrd or docloped Internally -Our MIMI e tm%ard acyul,lrl,ln 1, I,,,,III\C. pro%Ided \\e can find the right tit Prlmarik. \\e'd he lookln_ at food,er\Ice. htlt p,,,,lbl\ III rc1,11• ed 111,111.1=c'Illent ,\stellls." Ko/- lo\\,(.I loresee♦ lit) Its percent of the ctlnlp:u»', ,u,t,uned -,rL'\%th ,lc- ,urrnlg thr,,u_h acquisition. Milli In terns, of market fill and mm pro- duct ter\ Ice capabllln . One tlulru, Cantrell \\III not do. caution, the chlCf C\C,ull\C, I„tr,r\ m and ,uh,t.ultl\ C \\ a\ from l"u+d,er- \Ice -Ae'\e made ,1 plaice for our - III the fot+d,:r\1ce matko- place." Cnlph,l,vC, that's N here \\C ll ,,11111111IC 10 ,Illg It out " A'. S= '.' H s Thank you... 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 4 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.-anale :en* !earns cf Volume Services are pro- p qua:av ,`ccd be•;era,3e and .=.:.:C•d sr:..�e� Volume Services his earned a rep;.i!a* . as .` :er. _.... ;.;::fens::::a: food services ...:n the rec:e !:cn ma-ke! --fess;cna: rnnn = ;err* _ `ac:::!:e_ se:r.! Volume Services ,,cnc---ss.;...,.,e' Management Market Orientation ccme first `: r' servo -- all Maximum Income Our .. a-.... tern~.s are =c e%% e -7nd .:e X. —es Teamwork !c de•:e::p and malnta :n a Ser .:ce prc ra:;. -- meet nee-s a'.f.:.a1-, .%-:,h the 1 A A M (; ..1�a •1 A r.. .. 'TFr ` HTA ACTJA I A F E N A C ar.zi The C7�y —ne". Pr:'ess::r.a! Baseta!: Leag-aes I le t•. �� n tit t. / Akio • w 1 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 bar:�:ers. bartenders, accouraants superc.sors and a.. _.:.`.e iC 10C:_ c.�.p1C;:ees cf Volume SeI- vices and Interstate United Corporation :': ill .. irk ...' ,,.e lob best Our Experience 1�� C .._ _ G l.. r�. •. Ci r��..:d �� ......•i FC:r�r' Our Training %%e cr,V.de C1r .ndus• 'ea_J,ng tra..... _ pr_- 7'arnS _. a.. ,f z—ur iCCa.: 15 Th:s ..sua. pr _ „ams and ...an s Our Systems e Volume Services C_nc-.._._.. stem .ur ��.. _**. Sza:es Pr-�ra r and ` ... .__--J :`a a..��e m Cnt Inf,rmat:_n S• :r'_' :.. par,. cf the package of ser.:ces .:e pr _ ; i d e Our Financial Capability ns , ar: of �.-.ers:f:ed Ha: scn Trust PLC..: e have -he resources and-exibility required to dC the lob Our Pride We enl: ,ur .. crk and take area, F r:de :n sa - :ng that .: c 7D:t best May .: e s Ear•: e cu'l tsil�!!e games 4-Unit Concession Stand 86-1021 r. jo Banquets for 25 to 253000... 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 4 Referral Booking I tia-:_::3i Or73i:i°.atiens ba:ked into the Volume Services convent:cn center net.-.ork i 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 86 -iQ21 A, -s ji Ps A GA oe N •sa 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 :en of facilities equipment and Personnel and tra:ned staffs are exper:enced pr,:fers:cna: resident and _ :r reg:.,na: a:... area ...NC: Menus and Merchandising _._ ..:e men:. de,e:^p,reen. anJ me _nniques ;rz .14 G. .. es - and beverages _ !eaS...ncie CJ Operational Control paten mnana_-men' s;.J-t C:..S ' :n- s::r= _:e•; ...ng frcm proper san,tat:cn and facilries to accurate acceu:,t procedures. Staff Support Services ack .;p each of our cpera%ons .. ith a `_.: c=p:...rt n* of staff suppo:nciuding P:an^::ng and Design. Research and S:an a:. s Labor Reiat:ens. Personnel and T— .n' Insurance and Tax Consultants, to pecialty B6-1021 .1 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 _ ti r -- �-r.•.A�.�. .. 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. -,ir,10,AMN F _ 1/1 N a I .7M 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� c �Cal -T I r A Dear FelloH- Shareholder: In a year in which the U.` economy grew only 2.:3 percent. Transworld'- Fgwratin, earnings increased 17 percent in 1985. Dorn,: 19815. management also implemented several imporl,in! -trait gic• and financial programs to enhance the %aluc of %uu; investment. Net income, including an after-tax ,,sir; FFri the sale of Century 21 of $102.8 million, was S 21-.: million, compared with $1 15.0 million in 191. i iri Fml from continuing operations. excluding thc : ;o l- •n- tur% 21. was $101.8 million. compared with million in 1984. Earnings from continuing .q.• were $2.56 per share, full% diluted, up from I„-r share reported for 1984. Earnings per shah• fr-o net income ruse to $5.60, full% diluted, from the pre%ious %ear. Earnings per share. both on net III, roc and (in income from continuing operation- inclwi• - ,1 one time charge equivalent to SO.1:3 per share rc•1.,;-•Fl to the redemption of the Series B Preferred Stock. During the %ear. we sold Centur% 21 Nc,i' I -t,lte Corporation, a mule that will gi%e i►nproyed fi u- our cunipan%'. management talent• and enahlc u- present a clearer. more compelling in%estanenl u- nih to the financial nlarket�. In cunc•entratillg lodging and related businesses. In Uc•tuller. wc• . rued lnlerstate l nited Corporation w hose foot! .er% i, i Ic•isurv-lirlle busirlesses will augrlle►11 file all'e.IF, - ce.sfu) profit growth program at Cameen. In Jur: began a common share repurchase program. an, 1. , December, we redeemed the remaining share- -Fi B Preferred Stock. Operationall%. Transworld's three major - idi- arie. had all excellent year. Canteen continued successful program to impruye margin: and c mi, rate on its less capital -oriented operation;. 5partali - t rcler s division had another outstanding year. while the sin- e%'. di%isiun dealt with lower traffic count in il- - ment of the restaurant industr%. In the hotel bu- -.. Hilton International's strungeruperating perfuru We bec•arlle e%ident in our financial stalernenls it11 as Al currencies gained strength against the L.ti, doll. 1985 Highlights oil October 31, Trau- ,rid completed the sale of Centur\ 21 to Metropolitan I Insurance Compam for $251.2 million in cash. M. ,au e- ment concluded that the growth potential of Centu, 21 was in the financial ser%ice., area, where we felt it indppro riatel,cri.l x 11 • (:;Intern ill -(Ill ]red Inll'rslall' t nile(I (:411.1 ill ll►I1 fltr ;93.5 million in cash oil 0clober 1. \\ ilh annual sale- ol•Inot•e than 11111 million Inter-lale %%ill inc'rea-e (:mitred- market -hart•, parlicularl\ in kc\ segntt'nl- such a- Recreation Set•%ices. • Hillc►n hlternatioual openell nee hotels ill bun-a� Gilt. Mo.. anti Oklahoma CiI\. Ok. Both are ul►erated under nl;ulagcntent c unlract�. • Spar•lan opened it- .i(I(Ilh re-lattr;ult-in Slark\ illy. 11i--is-il►I►i-find ended 19815 will 518 unit. if Ia l,elct•nl im'rca-c. • 'li;u1-%%urld'- Board ;mlhori/ed nlitImp'lln'ul to l►Ilr- cha-c, in lilt- tyen markcl or lit ncg(fIialed U;lu�acliun�. till to lode Illllholl ill III,, mer I%to \e;lr-ending ill \I.n 1987At I'i•Itru.u•\ 28. 1980. I%c had bought 2.(1 million -hart-. • .A�. it 1ur111cl wit• of col►tidcrlce. the Board. in April 198,.). Illcl't'.1-t'd lilt' 1•(f111111oll (h\ Idt•Ild lrolll 1I. lilt Ito III. 18 Itrr-h.ut'..ul incre.l-r of-20 ltr'rt cnl. • ()11 Dro- •Inb1.12.1 II.III-\%nl'It1 redevint•d lllr otlt-I. idill_ -11.11(•- (of lllt' :-;41.9111 St•l Iv- 11 (.11111111.111\ t• Ili t'It I'1't•ll -�14 Ick till ! '2II,IN)111.1-hmvI►lll-.l lll\I(lend allltl-llln'lll o) III. 12. \\ fill 1111-'1( Boll mld the c.111 01 the %�rl If- 1 : I'Ie11.11-cll blot k Ill 114•1v'Illln'1 letiil. %%t• I1.1\(' I'e(llll'ell 0111 Ill t'lr1It'd oll\lolrlltl It'tlIIllrlllr111-b\ �IA..t fill Ih--11lu•I will. (;u.tI itIitl l )tit 14ofok I I.111-%\fillol 111.II1.IL'rlllt'111 IL1- -,•1-fitllr, Il.dlrll_111_ tlll.11lcl.11 !_o.11- fill Ill 111 Ihr hol(Ilnr rollllo,ltl\ .Illd ('Jell of the -Ill(-Itllal'Ir-. \\t• N.tlll Ifi.It'111r\r-Ir.l(l\ allllll.d 11111111 glfi\%lll ill 1.1 l►t'li'ent ill. brllel..11141 If, e.lrll .I toll-1-1e111 It•1111'll fill-11.Irt Ilfildrl'� t•t111111 01 20 111•1ct'111. \lurefi\t I. tit• %\all] ((f :1('rulllltllsll Ir-v t•:II•Illllg- fiblet'II1e- %%hill. Inailllalllin., our.-Irtlllr flu.ull fill 11fi-111fi11. I{\ will -fill our dt•hl If, cal►11.11 r.lti . hold 101•4•11 Ieduct•d to 2 1 l►crct•nl. Thi*. together %%fill our c.t-11 11fi-ilifin t►I 1911.9 million at tear c•nll. afford?. IIs c(fu-idclable tic\illilil\ I(fr fill:nu•ing inlcrna) gro%%Ih. t•Ill•('llllg ►%tol'IIINlllle ;lift](]]-Illon,. makmg 1,Ilicr ime-l- Int'lll-. Ill .lct•cler:lting the 1'c1111r('Ilit-(, of cullllll(►n sI art.-. 141•1 the Ira -I -cwlal \rile 'li',ur-%%orld hil- at I11('%cd ►test(]\ 1111111(f%rlllelll Ill tt1,t 1'.Illllg val-IIIIIg-. a- Intl %%III volt• Irfiul Ilw ch.ul fill IWgt' 2. This %%:t- accolm- 1111-he(I e►ell Ihfillgll Illh(f11 iltcrn.11iollal'- cat'lllllg- Nel'c Irtlll('ed 11111IIIg (111- (u'fl(fd I►1 tfirrlgll clll'r('llclt'- ►%c,lkcnillg .tg.lin-I the t .*. dollar. like bellf-w each of (fill c(f11111.1111c- 1- calla] ill• (fl -111111 u111-1';lllllg IIIcolllt 0 Vie do lime a noel -operating factor that \%ill sic t our reporled earnings gromh in 1986. Trans%%orld's effec•ti%e ta\ rate is ruing as the coml,am c•ontlllete- i! transition from the highl\ capital-inten-ile airline bit..- ness to the more stable. and profitable. see\ ice suct(f1 Our effec•ti\e ta\ rate. which was 23 percent in 1981. ruse to 27 percent in 1985 and is like]\ it) react] 4(1 percent or more in 1986. Despite this transilioual el: ct %\e remain confident that Trans\%orld ran achie\r it - profit objecti\es in the future,. On all operatim, ba-i 'Irans\%orld -h(fuld bt I'll this \ear from the positi\c impact on Hillon Inl,-n - tifiuul'- rwuh- fif a strenglhening of liueign t urren( and anticipated economic grtimli abroad: the full-\, contributitm of the Inter -late l nited ac(lui-Ilion Ito I n- tt•cn: anti Ihr' lu'ofil turnaround w. are -11-1\ in_' fur if. l�tuiuc�'-. along %%ith continued success in Hardt•c'. .A- 1%e lime into 1987 %%ills it Imirc-taltic t.l rille. I\t' t'\Itt'l'1 (till' olwratlllt eal•Illl)g- gl'o\tlll 10 11„ of the I►ottorn lice. enabling Tian-%%vrld to rrl►ort 1111111 . nu•nl- ill earning- per shart• to nl:llch the Itnderl\ Ill -treu_lh of our tlll'el• cwnpall ir-. ()1'gillllliltlt111i1I (.Il;lllrt'- t' \\(hilt] Ilk,, lot \to I- rfilllt' lilt' 111.111\ t•11111Ifi\rt•- ul llllt'I'-1Jlr � IIIIrt1 %tll,� Ifilllrtl II- I11 I(1ii.l. AI Hillon International. Ed \Ic\cr. folrnu'l I. I- denl fit T\\ \ and ;t long-time director fit li.ln-t\orld ,I H1. h.l--ucceeded CIIrl Strand a>`l►re-IdvIIl allul ch e\t'1•1111%4. fitficer. (;urt trill continue to -c•r\c Hl ,I - chairman of its board lull(f\%ing his rc•tirrnlcnl trttnl t rf N\t'l'tllllt• 1'N�I►t►Ils111111I1t•-. Al,ia\ Miller. it director of Trans%%orld since 1978. %till refire from lilt- Board gal lilt, occit-ion ot'o .Amnl:ll 1lrrtiug in April. \\v thank him Ii►r hi- \c•.Ir- (' construct1w cunlrihtllion- to the Board" delil►cratiol and %%r• %%Wl hint ►Ie11 in tic Irar.,i to come. FIII dl\. ae th:nik all of those oldw contrilrtliet it 'Iran-aorld�- lll•ogrr.,- in 19r;.i-slun'rhuldrr-. Y.i.11l 11111uplo.cr•- around the %%orld. client-. custo►uel-ant] gnc-t-. \\e look loraard to all cell befit 1' lc)t;l►. e, 4204..� ��� glfil%111 Itl It�iil►Jlld Ile\fiml• I.. I'.tl%%111 Small nn CII.lirn►all and Chief 1' wcuti%e Officer86"1021 Mitn1 I. 1986 li All / 0 11 I'n•-nl,•nl .uull:Ln I Ear, ulnr I Iffi, I•r. 1 ..uu,•,•n 1 .,u luq.ltu�n OF L • 1'II,=II,' J,'I„IIu• �. 1{1, 11.11,1-„11. 1 I'I r-ld.-1=1 .111,11 AlivI Fw, Illm- III I, =•I. 'all.11W III, Motel See ice.,. Ililt(on hitNntat111 ud Cto. Ago IL 1 11.111u.ul „l Ilu• 11".n=1. IIllt,ai IuII rlt.ui„Il,tl (m. ul,I t. hkv111 %1,'„ 1. I'1,'-I,Ir•nl .ul,l I.ht,'I Ev•, till„'( lilt, riOZI . _77_- �+<- — F. S 4.[� m fit•, =Am tl� Canlrt,ll (:urftttratiull, uric of lltc n.ltiuli, larr- Components of Revenue r.l It,utl ,t'tA Ice• cullllatnlc,, M1,41itlill, It,l• al,lll'u\1- nl., t I\ 1(, lu'tt c►►1 c,f Tlan,\wrid*.s rr\rntu•. 24 percent titirtculrtc. ,lull all lu•rcr111 n1' it, a„els. The cuml,,ttl\ :errs till' curl,t,►•atc \\nrlcl through cal •ring Will culling, c'umpaln cafi•tevia, ant \cntlillg rrlrr,ltlurnt center,. Canteen srrrs ,L1 I111W.. alY11a,. W111I nthrl• rl urvaliull f icililir,: Ilu• 111.I1,. nur,in; lt„Illc,; I-clitc•Itlt•111 l't11111111111111t ,: 11t11 cullrrr,: slid t•ulTectiun;tl f:u ilttit,,. It till,, t1}t. .ttt,, rr,t.u►r.ult- ,alit (u,lging fa,•ilitit,, in natiurnll till, Malt' park,.and 1, lilt, calt•rer al cumrrlliun and 1� t rult•r-. �lt.ul.ul }aril Inc.. it •I,tur.nll t tnu- Component- (of Revenue 11,1 ilia 1.11111� I11 Iltc,tllllllca,l I .�.. a1lilt ,11 �tivnlatcl\ 22 llcnrnl of 7i'an�\\url,1'� rr\ruur�. 3.1 it'll clll Ill III t111c1'.Illtl_ Illt'ulllc..11111 •fit) llt•tccllt tit �-lt.ltlall- Hal,it•c. 111111- t,fft•I 111'llll.11ll\ a \.II'I- 1•It 11 h,unlnll_1.1-,alit 111caitLl-I Ili-t'uil,, a� \\1.11 a- 1dl I �.Ill,l\\11,ltt'� aI111 r1llllltlllllt'111.11'\ lttlnlllt Imo. •I Ili• 1111'llll at ('111111t'\•-, �%14a'l.ul•- UIlt1'1 11•-t.lu- I,11 t 1tt14 1 11.1. Ills 111dr, .1 \,11'Irl\ (of 1111.1111\ �lt•al. 11,1: ❑•1 110,41 ltt t'l ill--. , lit, kcil mid a1N1 .ttllt,lll- III;-.Ilad. lt111 \t _rl.11tlt .tlltl �ttlll, lt.11,. m Illlttul ltltl rll.11ltnl,ll. ,t Ir,lllillr iulentali4111,11 Compouentl: of Revenue 11111 I t ltulll.ul\..0 l tunit- lilt .111llrtt0tialt•I\ a'_► l,t•I,•t,nl 11l I ,111�\\ltlitl fc\c1111t' 11 114-14 t'lll of 11�u1n'1.11111g HP fill' .lull 32 licit'cni ill Ill at -I-. Ill t,llcl,llt,. till 114111•I, aruttnll Ow ltln I \\lilt a 1. 7.7 1 nisim-. !%vr\ mg primm il\ hti,int•,• tl.l\ It 1 Ill .Iltlat I- gum-1- f1,1111 nl,ul\ it'll H-it.. It, In1, •11 -,Ili -t- iu, Ill, 1, - it.t\c1t,r- II, lilt: Iht• I IIIN l �L1 2Ii../1 : (..ill.lt1.1. 11.21!: J.111.11I. ,.3 (: \ Iht Illit•11hlnr11,1tn.7 1';:I;t,lnl.uIt, tI.T(i:an,I 11.1 t t (I. It r kk 1\ 86 -1021 a Food Services Canteen Corporation = = SALa cold sandw' ��ultiv�ers - 1. [ Ve j . t, `.i r L - �erving Our Est; ers Adba ..._. I f' y. �'S m ;F A' 'A 7.. 0 CaII1vvII*S operating come rrc�� iii- 11). 22 an+138 percent ill 1983. 1981 and 1983 resl►rcti%el%. The 108.5) increase auuld haw liven 27. 1►crcenl t-wept firr the acclllisilion of Irller- st:lte I, nilyd Corporation. This double-di;zil profit growth and stead\ illiprowillent ill 11re-tag nrargilrs is l:n•rek the result of it IFlree-/nett s1rillei,: .4 hala►Iced diversification pnogmin. Using its e\l►e►•li•e in managing eonlract sen ices. Canteen has groan in Ilea nlill,kel segnlenls such a- school lunch. delicatessens in office buildings. and food senice in corrections Lu Ililics. In fell;, Canteen purchased I►refi-r•red Mcal S\stenls. Inc.. the largest pro\ider(11 pre -pi illioned Ilrrlches to school children. Consistent mill management's plan. Canleen secured 45 lira delicatessen :recounts drlring 1983. .plough profits hire not nlet ori"inal e\liectalions due to all offer' %IIpp1\ of"office space and loam occupancy rates. Canteen corltitnlc. lip see oplDort till it% in the rroa ill', office marko. hl addition. the compam has success- fulk pursued accounts in 1111aint; sr"meats of its Ir.+dition.11 husiurss such :►s 111gh tr•chIlolop. defi•nsr•. b.u11,iIl_. and rowrlunew. ��111'1':Ittll� l;•.:11'lllllr• 1. 1 11ali lilnlenl h►lirmiclirlr the 1u'?­he.%I yualili hour/ writ, r• m Ihr• I w%/ elhlr lr•IU 1111111110,1. volismil- 1•rs .Ile c.11lll" Illolc .11111 111o1'r• IlIcals imil\ 1ro111 horlle Will 1A1111cl high ►IIIA11%. %ari►•I\. and attraclke 1►re- svio.111011 of 1►wil. 1111111Ir Ili Ilse ac►r•Ll►lace for IIIUII% has 1►cconu• the prirlcil►al IlIcal of the dad. liecornvinr Ihi-. (:anlec•II h.ls de�rlol►rd a sl►rcia) cal►ahihl% to mcc-1 the demani s if its chaiwing aml disecrninr cusloln►•I base. /'fold J1r mlh Ihn►ugh increase/nulrkel ../cure and Pp•nr•lralir►11 it/ prr,lllh alarl;el.k. Canteen has moved to wow III food s+ n1ce -t-gilIVIIIN where 1141terltlal 0 Quality People .. . 1 1 I h Im a 77erj:.:ow7 0 ZIE n 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 retenues 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 re%enue► and profits resspecti%rl%. The improvement was due to increased sale: at The Kennedy 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'S\stenis 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 impro\ements in both revenues and profits. This franchised distributor system is unique in the contract fund ser\ ice management industi-\ and offers penetra- tion in geographical markets that othemise ma\ not ha\e been de\eloped bN the corporation. This suc•- eessful parinership of 56 Nears pro\ ides local oNner- ship supported b% tilt- purc'hasi)ig. operating and management evl►ertist- of it large national organization. The 1111not Compam. a producer of canned milk products as Nell as a line of chili and beef slt-\\ products. enjo\ed increased profits its it result Ada ne% packaging process for its products. and increased penetration (if lilt- "pri\att- labt-l" market. KIINt III I'atlult. Nlllt'II opt'ralt c'Igart ttt and III11-11' dill alltll-eille•rll del, Itvt III plll�ll� I��e .Itl��ll�. al�u sh��Nt'el f►r��fll Illlpr��\t•Illt•111 .It- ills Ic-ult of it partial Near impact of Interstate C nilt•d's I'ubht" �e ndinr ,tilt-. and prolit�. _ j rr. AS lntrrstatt- l Wiled Oil Octobt-r 1. 198.5. hilt-rstatc l tilted lit-caiue part of cantt-t-n and the nlerginr; of Iht- 1NU i'Ulllf►.rtllt has procredt-d snwutlll\ and un scht-dule. The acquisition of Interstale Nas consistent Nilh tilt- philosoph\ of seeking companies Nhich clt►sel\ parallel Canteens operations and share its business mission of greater growli. Interstatrs tNo major business seglllellts augluent Canteen operating di\ ision.%. expand market penetration and offer oppor- twlities for s►nergistic• groNih and efficienc\, Interstate l nited's t\\u major di\ isiuns include: Buai► e,%.\ and !nstitutiuns Group. lien ing clients in: corpordle headquarters, financial ser\ ices, com- mercial office buildings- nianufactur'ing. gu\enrnenl facilities. schools and colleges. health care. and c•u►nlminil\ nutrition programs. lulume Sert ices Group. Pro\ ides -,.en ices in- cluding: food. 'ouitt-nir., and related set'\ ices at sladi- unrs. arenas, coti\ennon centers and recreational facililit-s. I Food SerVices (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%:,,.,, 0 �Spartan People .. . vI►rralrs:�Quality Units in the Southeast V.S.—the rlatio►is faslesl- 9111„ ill" rrgioll—about double the nunll►er at the end of 1979. Its first %eat' W nth Irdns"or'ld. Tills grmAlh has bern achieved through: Controlled unit expansion. W ith its off n real estalle and c•onstniction departments, Spartan can control yualit% and costs during the critical 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 ac1i%ities as �. training and assigning unit manap-me . cash floe% and nlarl.eting programs. In 198.5). 03 units Herr _ added. an increase of 13 percent. Improwd unit Spartan*!- oper- aling profit margin in 1983 %%&. 13.5 percent. its fourth highest in 25 gars in business.'A Mile the Harders di%ision achiewd it record %ear. %%Ith inl- prmv(I unit %(tomes and IraffIv. 4luinc%Is nIII t't, %ere Itmer a- it result of a(kerst• industr% conditions and gr'o%%di-related problems discussed brlm%. Operating Earnings u. nnlli.ni TT" _� 11 HI H: Y4 H1 H;. Tight oprruting rnurlu,e-ment. Indi%idual mmn.lger� %aluable field experience is continuall% %tipplenlertled %ilh ongoing training programs. often designed %%Ith-q,rcific curricula fur each le%t•I of nwnugenu nt. In 1985. apprommairl\ 5M Harder's and trluulc �'s Inanagnlent personnel attended Chest. coul.es. Ihus helping to expand Spartans I►ase of !Vjsit111.11 It•slallllallt lll'l►fl'ssll►Ilills. He%1•nrles front ;partati s restaurants in 10 Southeast states rose to StO1.8 million in 1985. 9.4 perl•ent ill mt• 1981. 01 Iit•nftI I increased 6.9 pt•It•rnl to S62.7 million. . 86-1021 �' hm W. R ,Ojaf9Z L ShaAW 49 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- i tinued to gain strength during the year. Units in- creased 16 percent marking a return to more aggr"sive 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 profits ` declined 29.8 percent to $11.0 million. A 9 percent increase in units Has offset bN 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- mands of absorbing rapid expansion IQuinc%'s units tripled between 1980 and 19851: and significant X changes in consumer preferences. NA 198.5 Locations Ht `1 H 33 1 I I 1.943 ■ ILu�i.��'• ■ ;hung.'. In both its Quinc %"s and Harder s di% ision.. 5partati s primar% concerns in menu expansion are qualit% control and operational leasibilit%. 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 childrens 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 Quinc%'s dl%ision. that compam*s high -potential growth %ehi- cle. and to maintain the strong competition position of 1 Hotel Services I Hl toll Intcrnatio na1 Co. :•Y "77 ._. �_ �.+'y.+R�efl7eae'al'L'SCez•1.��e1--_-_._.-.... Serving Our Customers Through I A lid: i I II ii t I t i i -2! OL loom, - At. - . - -- . -T T, - - ®r 73 Hillon Quality People Inlernatiunal has achie%ed profit growth averaging more than 15 percent per year for the past 30 %ears through: Emphasis on operatince agreements. HI pio- neered in operating hotel properties around the world rather than owning or entering into fixed obligations, s iJ. thus minimizing its risks. This was originall% done through operating agreements in lease form but based upon a sharing of operating profits, and later through management agreements. As the cumpam grew it entered into some fixed or minimum guaranteed rent agreements and acquired the ownership of holels %here there was political and economic stabilit% and the prospects %ere fa%orable. These hotel, have made substantial income contributiunb but the majuril% of Hl'- contract: are of the manarenlent t%Joe. Operating Earning!_ u) nullnai 1E HI H: H1 91 8-1 5ele lily,Exlalnsio►1. HI management has always been srlrcti+r in its (IVIA)pnlent of hotel projects, J,rocrc ding ODIN with those which. in its judrnlent. %utdd rneel a nived in the particular market and be consistent %ilh the standards of qualih fur "Inc ► it i► known. This has been parlic•ularl% inlpor•talil in the recent past. %hick has witnessed substantial o%er-l►uildifill in the hotel industr% in lht- l sited States as %ell as in some u%c•rsras areas. Thr!-v fads ha%e rot. 1101Mt-Irr, prr�elllrcl substantial r��,ansion b% Ill arlcl hc►Irls now uuclrr consUuction will mcit-a-v its roonlr b� mer20 percent. ac colt oil ion aIt's nl. Hl*s 90 hotels art - operated b% managers from numerous countries %ho shut- ant- Ming in conllnon—Iht-% ha%r de%eloped theii carr•c•r:-s within HI ,�vr the Nears and hate been cart -hill% n(mitored at rash slate• in their carver all►allcrinr111. Tbrr• ha%v also hall the 1► ilefil of ow Quality Products ... r..�,..... specialized training in HI's Career De%clopim-i+, Ir stitute at various stages in their career- inc'ludi++,• advanced training in their managerial Hi's revenues increased to $694.2 n+illion i 1985. 2.8 percent above 1984. Operating prulit- increased 17.3 percent to $73.6 million. rent-ci in improvement in operating profit margin from 9.3 percent in 1984 to 10.6 percent in 1985. ()t'c up.ni, declined from 67 to GG percent. Western Hemisphere hotel- ac'hit-wd .+ 7 A. 1 percent profit increase in 1985. including i► PI'"".0 results in Canada. South America and nw-t t.'�. hotels. The Drake hotel in Chicago reported o-ub-1;u tiall% impro%ed results. Asian and Australian hotels had slightl% high, profits in 1985. The newk-refurbished Hong Kong hotel had an excellent Near. Recession, and mer- building in Malaysia and Singapore. and fir-1 full - year operating losses in the neu Tokyo pr+,lu•r-t.% restrained o%erall profit gromb in this r•egi�nr. Hotel,. Opened 1981.85 OIL. �.. ONE ■t - MEMO ■t MEMO MMM European and African hotels had tiall% higher profits in 1985. prinraril% from thy• 0;, . London hotels. including the renovated Londm4 I L'- ton on Park Lane. Munich and Paris also had •\, , ,- lent results. During 1985. neN properties. butte undo 1 f4 management contract. opened in Kansas City Lill. I O Oklahoma Cit% in the U.S.. representing a net i+;- Vol crease of about 8W rooms. C� In 1980. HI plans to open three ru•%% I1-.1, '- m representing 1.448 ruunrs in: Pittsburgh: Ural..,. Japan: and Brisbane. Australia. "PIP Summary of Selected Financial Data lmuunts in Thuusandt. Em-ept R•r Shard AnMtonls awl Hatiusl h-t tltt• learn Ended hrcemltrr 31. 1985 1981 1983 1982 1981 -elected Consalitlated Operating Data: tp prating revenues: Canteen Corporal itm S 983,796 S 830,966 8 767 ,057 S 750.160 8 78.5,784 Hiltun International Cu. 694.216 674.980 709.573 708,970 681,190 tipartan Fixed �vstems, Inc. 464,835 424.98.5 354.815 292,034 213.416 Transw•orld Coriwatiun 8,709 6,992 2.558 3.528 4.633 I,,tal consolidated operating revenue. 2,151,556 1.937.823 1.834.003 1,754.692 1.718.023 1'1wrating income: Lantern Corporation 42.252 30,673 25.042 21.016 21,019 Hilton International Co. 73,582 62.744 57.593 61.458 67.972 Spartan Fixtd;%s(rms, Int . 62.661 58.625 49.109 39.952 30.489 Transworld Corporation (10,3291 18.4-861 (7.9601 (5.W) 1 (4.4421 115.038 .-I'd consolidated o1►rrating income 168.160 143.550 123.778 116.430 I,- ome from continuing operation• 104.786 98.135 52.408 45.190 52.900 ,;-t ontinued uperatiuns 112.744 16,894 160.071 1 (15.2651 8,668 \.•I income (loss) 217.530 115.029 (7,6631 29,925 61.%8 trnings Iloss) applic•al,lr to common stock 206,022 101,261 134.9681 5,079 40.269 irnings I lossI per share: (In itwome from continuing operations: Un atrragr outstanding and ryui�alrnt shares I" 2.56 2.62 $ 0.98 S I .(X) S 1.69 Assuming full dilution 2.56 2.51 1.00 L(K) 1.69 ()II nel inc•onte: On a�ergt- outstanding and equi%alew share, S 5.66 S 3.1-4 S 11.371 0.25 � 2.15 Assuming full dilution 5.60 3.0(1 (1.261 0.25 2.15 1• t tdrnds declared on common stock S 0.46 S 0.30 8 - S - S - Iclected Consolidated Balance Sheet Items: t runt assrt� S 422,707 S 425.972 8 729.414 S 206.457 S 309.233 t %orl,ing capital 134,299 163,738 101.998 33,442 51AB t.cl prultrriy and equipment, net 607,280 486,1 2(1 429,448 413.660 430,2t)0 .1al assets 1,329,347 1,146.411 1.461.988 1,448.155 1,555,973 -.ug-term debt less current maturities 152,830 136,909 158.728 2.45.349 355,990 .-in-urrrnt obligaliuns under capital leases 38.613 43,818 52.381 63.166 76.666 ^;arrholder: equip 763,182 650.162 556.688 843,292 809,868 `,•Iecled Consolidated Ratios from (:ontinuitrg Operations: •vrating incornr lu rrtrnurs ?.8rlt 7.4r1( 6."i4c 6.6% 6.T(7t turn ou average ryuil% 14.8 16.3 11.4 14.0 23.1 t Itt as a percent of total capital 21.0 23.9 30.3 48.8 61.6 8E;-1021 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 $160.0 million of property, plant and equipment with internall generated funds. Funds generated by continuing operations (income from continuing operation 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 capacil% of up to $200.0 million. all of which was available at Drcemlh•r 31, 198i. Results of Operations 1985 Compares/ to datrd operating rr%rnue in- - crr,t�ed S213.7 million 11 I AG I It-mit 1984. Thc• rrcr►►ur: of Spartan F;,od Inc. ISpartanl S10.) million O.-Ifli I primaril% due Ito 18 additional Quinc%'!. and 15 addi- tional liardrr, unit in operation. Feu 198.71 the prr.lore re%enur, of Sparl,+ti Qtiinc�'� unit dreliurd 7. i�i L. Y,87 •(N =: principally in rr�pon.r to an induar� wide decline in the dinn. R , huumr segment traffic. The rr%rttur, of Cantrrtt Corporation # e IC.antc•4-111 increased Sl52.8 million 118.41-/'r I. princ•ipalh from (fir acquisition of 1l C—which contributed S 104.0 million for the fourth quarter of 1985. In addition, re%vnues front the food and vending di% ision increased by $33.8 million due to higher volume,. The re%enues of Hilton International Co. IHI) in- ' creased $19.2 million 12.817O mainl% due to incrra-e. in the a%erage room rate,, as stated in U.S. dollars. of&et In a slight decline in occupancy from 6717 in 1984 to 66% in 1985. ' Consolidated operating expenses increased $189.1 million (MY from 1984. Sparta►; s increase in operating expenses of $35.9 million (9.89H was primaril% attributable to increases in payro and fringe and product costs due to additional units in opera- s ., lion. Canteens increase of 8141.3 million 117.6%) was primar ily due to the IUC acquisition (81M.9 million) and also to z�,/_ . increases in the cost of food and vended products sold. The operating expenses of H1 increased $8.4 million 11.417c 1 mainl, due to increase• in payroll and related exprnes. �J ~ r "I, Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources At December 31. 1985 and 1984. Trans%orld'. working capita was $134.3 million and $163.7 million. respectively. This decline is the net effect of several significant group. of transac•. tions: The sale of Centun 21 Real Estate Corloration (Century 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 (IUCI: and the addition of almost $160.0 million of proper►%, plant and equipment with internall generated fund.. Funds generated by continuing operations (income from continuing operatiuns plus depreciation less dividends) amounted to $158.3 million in 1985 and $135.0 million in 1981. Tran.Norld has a re% ol%ing credit agreement pro%iding financit c•apac•itN of up to 82M.0 million. all of %hich vcas available at December 31. 1985. Results of Operations 1983 Compared 10 1984-Consolidated operating revrnur in- creast•d S213.7 million I 1 IA ri I front vwi. 'The rrtrnur. of Spartan Food \-1rr11�. Inc. ISliartatll IIIc1 -,'-t l }O.t) Illllltoll (9.4 r ► p6mar11% due to 18 additional Qtilnc%'- and 15 addi- tional Hardrrs unit- in operation. F„r I' "., the l,rrstore a revenues of SparLui - 4luinc,'s unit- declined 7.1 ri (o i 88 0 pritwipall% in rr-ponsr to an indu.tr% ride decline in the dinm house segment traffic. The rrverlurs of Canlren Corpoaration (Canternl increased S152.8 million t 18.4 ( I. principal)% from vvhicl► contributed l O1.(1 million fur the acquisition of II'C- the fourilo quarter of 1985. In addition. revenues fruit) the food and vending div ision increased by $33.8 million due to higher volume.. The revenues of Hilton International Co. Mb in- creased $19.2 million (2.8cic I mainly due it, inc•rea-rs in the average room rates. as stated in U.S. dollars. off et by a slight decline in ot-cupancy from 67ch in 1984 to 66 i'c in 1985. Consolidated operating expenses increased $189.1 million (MY from 1981. Spartans increase in operating expenses of $35.9 million (9.8%) %as primaril% attributable to increases in payro and fringe and product cost-, due to additional units in opera- tion. Canteens increase of $141.3 million 117.6% 1 was primar il% due to the IIIC acquisition (SIM.9 million) and also to increa:r. in the cost of food and vended products sold. The operating expenses, of HI increased $8.4 million 11.47) mainl, due to increase:; in payroll and related expense.. 86-102'. k.� 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 sac_ , Other charges (credits) increased bN $8.6 million (54.47c I due i� rt' II M. t b I sl' 1 I• 1 d f tun lirimarih to two fac•ton. First, a 1984 credit of $3.2 million due of '• tit an o%eresliniate of losses from Transworld's ownership of Trans t.0 %orld Airlines. Inc. (TA'Al for the month of Januan 1984 and cries wcund a decline of $3.3 million in interest income for the full iter- tear, despite an increase in temporan cash investments, pri- marih due to the proceeds received from the sale of Centun 21 all% ' net of fund. used as discussed alx)%e under "Liquidity and s Capital Resources.- which uc•c•urrvd in the fourth quarter of 1985. 1 The provision fur corporate income taw on income from con tinu- u►g 0Iwratiuns increased 89.3 million 131.6%1 mainly a• a ncing rr.ull of net operating It I►rnrfil� generated by TA A and at utilized b% Transv%urld in 1984 and increased foreign taxes. Earnings per common share from continuing operations de- crrdsrd to $2..% in 1985 from $2.62 in 1981. The drelinr in rarnings per common share reflects the incrrease in the weighted in- average shares outstanding partiall% offset b% a reduction in the of prrferrrd stud, di%idend requirements. The %%righted a%vrarr ion •harrs in 198.i increased b% 4.1 million to 36.4 million shares li- dur Ito thr comersion of.Series C Preferred Stock in 198). 7.000 !VH1 Coniparecl to 198 i-Consolidated operating rrvenur in- rrdsrd 8103.8 million 15. 7 ii I from 1983. The rrvrnurs of linnrr ,I,drtan inc•rrasrd $ 70.1 million 119.7rh I dur to 35 additional 'r► ;boner's and 1-1 additional Harder. units in operation and roes nicredses in menu prices and per store %Mums. The re%enurs of ffor I.anlrrri increased $63.9 million (8.3rhI. princ•ipalk resulting fc►c►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. mainl% due he •' a drelinr in food and I►e%rragr revenur as voell 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 room 1983. Spartan had file largest increase in operating costs. " 5'9 441.6 million 119.8 ii 1, compared to 1983. mainl% dur to a� roll „fume increase:. Cantern s increase in operating expenses of ra- 'i8.3 million 17.9% I was primarily dur its an increase in the imar- "I of food and tended products and increases in payroll and •ing, costs. Thr operating expenses of HI declined $39. 7 it Iilbun (6.1rkI. mainI% dur to dec•rrasrs in payroll and fringe �'. nainly . as Nell as dec•rrasrs in cost of sales. q ernsolidatrd operating income incrra,rd $19.8 million -from 8"/i of rr%rnur in 1983 to 7.4% of revenue in 1981. other charges 1e•redilsl changed fa%orai,l% In $ 7.8 million 12.9% I. principalh dur to a $3. 2 million oyerestiniate in 1983 ;r I Itosi,rs from Transwurld'• ownership of TWA for the month of `- inuan 1981 and a $6.8 million decline in interest expense. artiali% uffsrt b% a $2.6 million drelinr in interest income. . pa is % o se .1 mcrea. ec . d r, oca an )reign 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 tr 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. %%hick on a%rrage finally weakened beloN the previous %ear le%el in;rpternber. lessened the adyrrst impact of foreign exchange on the results of HI. Revenues and ryprnsrs of overseas lintel tiperatimns decry-awd to the extent that tile% Aery generated in foreign currencies which during 198.5. 1984 and 1983 Men- worth less than in previous years. Correspondingl%. net income and di%idends remitted b% these overseas hotels also decreased to the extent that the decrease in rrvrnurs %as not uffsrt by the decrease in expenses. In 1985. HI reported an exchange loss of S4.8 million compared Ic► exchange losses 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 priers on Trans%.orld's re%enue, and Income. see Note 15 to the Cousoli- dated Financial Statements. 1984 191 $1.937,823 $1,834,0( 1. 6 94, 26 7 1, 710,2 143.550 123.77, 22,242 (15.944) _ 9,552_ 15.850 29,01 (18.50 _ 13,11 23.61 1W.16 127.700 29.n71 47.75 98.135 52,40 16. 8' 11 7.80. 1 — 11'2,55( — 155.32( (7,66". 115.029 — 284.80L (8.65(►i — (19,287( 119.795 _ (4,2M (257,351 - — g 82.888 — 8 2.62 2.51 & 0.9fc 1.00 3.14 11.37 3.(K) (1.2(. Statements of Changes in Consolidated Financial Position 3trn.Iml. III Thm..mik I r...1... \....._ F... I-..t 11........1.... 'tl Funds ProN ided 1,N : Income fnlm continuing operations Add Ideductl noncash items: Dellreciulion and amortization of prglrrt%, including (•al)i►al leases Amurttzation of intangible assets Deferred incumr tax pro%ision (creditI 011iel I►Lcontinued operation-: Cam on di!.I,()sal of Centun 21 Ile•• alllllil alllc incumr tax of S52.4021 Nei change in imrMmt•mt lit Centun 21 btssr­ from TW 4 Decre.l-e in im"ttnemt in T\\ Di%ldend drelarrd-ryuit% holding in T\\ 1 1• Hance (if cttnlmttn Mock Imnifutm Mocl, issurd in (it -lit rr,Irurturill" LA-m -lerm (it -lit i.,surtl \rt INNII, lalur of limpem (kptisllioms \rt milvall/ed fu11.1g11 exclldllgr (gallll III- un f1wil dssrt. and Itolg-trrnl delft. including I allital Ira -ram I ltllcr 1985 E 104,786 66,8;1 10,030 5,i81 894 188,302 102.7.50 120.619 29,545 6.81.5 (9.;;41 .911 III, team- Idrerra�rl Ill: At., (mm!. pa%alllc and iccrurd Ilalllllllt•- 38.081 (hhrr mint urreml Ilallilitir• and deferrrd crc•dil. 29.764 514.166 Funds I red for: Ili%Idt•nd lla%illholding in T%\ A Plollt•r1% addlluol- IAIng-Irrm drbl lla%meml- and caltilal (Vast• obligations discharged horrign currrnc% adju-Imeml I.ash di%idrlld on (allital Much Immer-ion and redrnipliom (if llrrfrrred sltick Purchase of tred-tin stoci, .m rrdw (drerra�rl 1t1: lir(ri%d I I •. net Imrnlloirs (hhrt ( unt•nl a-cl- "` lllllrr os.rt- Increase Idrereasr) in Cash and Temlloran Cash 11mrstments: yk .ash and teml►orari, cash iniirstments at: BEj-1021 186.899 31.836 (9,945) 23.400 50,168 43.58, 27.051 14.005 5.690 _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:i 1. 7.5:3 4(N 1.37X) 13;.231 101.29-i 6.559 27,937 124.530 .5.227, 324 860 - 4 7 . 5_i4-- 851.882 12o.1291 1983 S 52.408 51.26a 6.36 7. 2.505 _ 2.306 11 -1. 9(y) (6.5191 10 7 .8i61 84.15 14(N).3; 91 80.310 10.911 33. i(I(1 1.5.112 9.203 3.98 1 14.5111 16(t.4.i; l 14(NI.a;91 99.3.52 130.098 ,.445 19.;95 l .2w t2.0 8t _- 14_651- 1121.9,81 55..521 -- 136,8411 156,969 101.448 4} Consolidated Balance Sheets s M"kounti. in Thnuaando max' Deceml►rr 31, Assets Current Assets: Ca.h Temporary cash investments, at cost (approximates market 1 Receivables, less allowance fur doubtful account, of: 1985—$5.690; 1984—$5,310 Merchandise and supply inventories Investment in Centun 21 Other Properh Prol►rrt% 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: Wrchandtsing equipment Land, buildings and impro%ements Other prul►erty and equipment Total property held under capita) leases Less accumulated amortization Property held under capital lease. —net -- - - - - Other Assets: Goodwill Other long -tern► in.estn►rnts Other— - - - - - -- - - - -------- - 4er .'lutes to Consulidmed Financial Statements. 1985 1981 \,a, 18.145 8 34,847 178, 739 101.99.3 129,071 102.020 80,589 65.984 i — 110.655 2 16,163 ------- - 10.473 422.7U 7 425.972 200.01 394,395 273,050 867.400 ----- -- 290.391 577,069 , .246 57.284 124 64.654 34,443 36,211 607.280 149.879 88,601 299,360 - ---- -- - ---- i 1.329.347 162.855 314.722 216.552 094.129 243_338 450.791 1o.757 57.730 _______l31 74.618 38.689 --3..929 486.720 82.397 93.516 57.806 -—233.719 $1.146.111- 2,. Liabilities Current Liabilities: Current maturities of long-term debt and capital leases Accounts payable Accrued salaries and vacations earned Accrued taxes Accrued rents Other Lang -Term Liabilities: Ling -term delft. less current maturities Noncurrent obligations under capital Irssrs Deferred incomr taxes Olher noncurrent liabilities and deferred c•redils Commitments and Contingent Liabilities Shareholders Equit.: Liabilities Current Liabilities: Current maturities of long-term debt and capital leases Accounts payable Accrued salaries and vacations earned Accrued taxes Accrued rents Other Lang -Term Liabilities: Ling -term delft. less current maturities Noncurrent obligations under capital Irssrs Deferred incomr taxes Olher noncurrent liabilities and deferred c•redils Commitments and Contingent Liabilities Shareholders Equit.: Preferred stoc•l. %ithout par %alur: Authorized shares, issuable ill series Uutslandinr: tries A--92.(Nl cumulative c•omertible. • .. limited wt{tun lhdrr► at stated %slur, 82.50 per share Liquidating preference. 850 lcrr sltdre Seri" K-81.911 cumuldli%r noncoti%emible. limited voling, no stated value: ' Share% at redemption %slue. $20 per share Excess of redemption ►slur mer cam ins valor -' Liquidating preference, $211 per share t:onunon stool. 85 liar iialue: Authorized %harts Issued shares at liar valor Laltital surplus lureign current} adiumnirnl hrlained ramie s Trva%ur% stock tat cosh 1985 1981 tAmuunt� in Thou.dnd-t 20.000 20,0(NI 1.015 1.046 $52.2 11 852,2: 5 2.512 i — 850,159 75.000 75.(I(K) 35,728 35,598 1985 1984 8 12,021 8 23,931 91,394 90.820 48,654 37.738 47,159 27.462 19,069 20.985 i0,111 61,29_8 -- 262.234 288.408 ') 152.830 ill 38,613 42,496 43,818 136,9(9 43,818 14,212 277,757 231.015 _'.Itt.1 I.13 2,6)4 2.61.1 — 50,159 — (4.7521 178,639 177.990 386,864 384.801 (33,596) (43.5411 272,248 82.888 (43,587) — 650.162 S1.146.411 763.182 _—_ 81,329,347 ss-lo21- ,I 'fir r=;a k•G F :q, i= yr: Notes to Consolidated P>tancial Statements For the Iran F:cldetl Iterrmhrr :31. 198.1, 1981 and 191i.i Note 1. Summary of Significant Accounting Policies: (h) Pension Plans. Accrued 1►rnsiun cost is funded lilt a Accounting I►ulicies and methods of their application that current basis except that prior sere ice benefits are arnortize significant!} affect the determination of financial I►usition. and funded over periods from ten to 40 Nears, Set- \ote 11 f, change.% in financial position and results of operations are as further description of the plans. follows: Note 2. Income Taxes: (a) Consolidation. The consolidated financial statements in- clude all significant majority owned subsidiaries. All significant intrn•ompam transactions have been eliminated. Transworld's int,eMment in Centun 21 i,- accounted for by the equit% method. See ."lull 3 for a description of the disl►usition of Centun 21. (b) Property and Depreciation. Prolwri\ and equipnnent owned are depreciated princ'ipalh on the straight-line method on an annual basis. Pn►lwri.\ held under capital I(-ases (at capitalized %alurl is amortized over its estimated useful life. limited b% the lease Iwriod. The fulluwingestimated useful senice lies Herr in effect during 1985. 1984. and 198.3: Merchandising vight to ten %cars Suildinl:--Tv't-I % to fort% %cars Other equipnit-nt—Two to fifteen %ears Leasrhuld inlpnnrmrnts—F stirnalyd useful lift- limited b% the lease 1)erlod. (r) Inrventoriex. A1t•n•handi,r and sulyl\ in%eniur1rs are ►alued prirnaril% at the Jolter of a%rrage cost or marl.(-(. (d) Goodwill. The unatimoizetl excess (if cost oiler the fair %ague of net IdIigiblr d,•ets of c'oI1)1)anies acquired is lining amortized u%rr a 40-%ear Iwriocl on Ili(- straight-line method. [luring 198.i. 1981 and 1483, ga.(1; ; .(NX). 82,5G1,(W. arld S2,470.0Mt, rralrrc'll%rI%. %vre charged to income. Gowk III associated with the acquisition of Centur% 21 is included ill the results of dl.rontlnuell uprratiuns. Amounts ,o charged are as follow.: I985—SI.-,01.(MX): 1981—$2.012.(M and 1983—R2.0:390MI. (e) Erunchise Rights. The rust of restaurant franchise rights is amortized rawl,1% oiler tilt- lilt- (if tilt- franchise agreements 01 %rdr-1 from the date retail restaurant operations commence. Agreement. vo%eritng I►rrsrr►t uprrating locations exl►ir(- on %arious date, from 1986 to 2OU.i. Certain of lhesr agreements du not contain rriie %al upliurts. (f) Pre -Opening Expenses. FxI►enses incurred in conjunction with the ulwning of hotels are drfcrred and amurlized. genrrally oiler five yrars. L)% charges against the olwrations of Il►e regwc- (i►r hotels. (R I Income Tuxes. Transwurld and its qualified sul►sidiarirs file a c'unsulidatrd Federal income tax return and account fur in%eslment tax credit., un the flow-thruugh method. Sire Now 2 fur a further drscnpllun of Transworld's accounting for incumr tags. 'Jr. Transworld and its qualified subsidiaries fill- a cunsohdaled Federal income tax return. A summan of the lwoe ision for income tars is as foll,ms: (Amounts in Tlun►-and-t 1985 1984 19 Current 17efrrrrd _ Pro%isim for inuor n• ta%r- un ronllnwrli t►l►erarlons Tail Irru%lswn llrrnefllI from liberation- of d1-rn11111med -r �Illt9tl•: TN A Centllrx 21 Tail pnl%lswu un Faut uu halt• of l .enlu_n l Tidal pnn tswn fin '-- Illt'unlr ta%r> $33.1211 S:16.-.75 S1.1.2 5,781 t,.21W 2.54 38.901 2').. )71 47.75 — 133.49. 3.397 2.02t) it). 18i 59.1.-6(n .i1.1ttN) $24.114 For 1981.i. 1981 and 1983. foreign invollne which gi%r•s rise to foreign income taxes represen(:- aI)I►roxlmalrl% �15. 700.0N1, R50, 7(M).O(R). and Q4:3.:300.(XX). rvsprc(i%t-l%. of flit, hddl in- cumr brforr income tags. The current pro% isiun for Federal and state and local invunne tags includes taxes pa\able b% suhsidiar% cor1wratiotis Which are not includable in the Tran�wurld c'unsulidal(-d Federal incumr tax return. The current prm ision for fort-ign tags relates i►rinnaril\ it, NI. An anal%sis of the current incumr lax prcl%ision is as follu%%s: tArrlounls tit Thuusand-1 1985 141:1 1clri Federal: G ru— flirt oberallnf loss Forripi ta% vredal _ In%r:•Imrttt la% c•rrdU- Net current Frdrral - — - S141'. and hn al EUrrltin- -- - -- Current un umt• rail pnn Inllnl lilt vu11nr1urllp ubrra4l(ln� ClAnt•►tl tail pnt%lawn 11rr•nrGl l dirt unrtuueti wgnlrnt- lswl curn•o) tit- urur la% prn% tswu S 19.1N) t I S 113.811 i� 39.624 — 164.381 t — (18.5n11 112.1)210 113.6131 - 691 153. let l l t3.7411 381 1 u.:3c 18 22.222 4.891 7.SM Mktl 2'.812 1H.%)(itr IK167 33.120 1 silt. , 1 45.21AI - 30.956) --_3.348 01,5784 k 61.07.6 1 r 40.173 1 ; 14.672 F The deferred income lax provision results from timing differ- At December 31. 1985. available foreign ta\ credit carrfon\ards ences in the revogniliun of revenue and expense for tax returns aggregated approximately $20.600.000. which if not utilized and financial statements. The source of such timing differences in future consolidated Federal income tax returns, will expire dnd the tax effect of each are as fulltms: as fullows: 81,5MAMIO in 1980. 32.100,000 in 1987 and i %minnits in Th1ulcand•1 1983 1981 It19:4 314.0(XM IK) in 1988. I.n • de•fern•d 1.1\ an•1ng fmnl: At rrtrrdtrtl drlllr, ldtlun C,11111dI lt'd.r do 11,11111111ja (till) I11n•1.1 ftnant II1F Ira.r• 23.029 Itlaallult•nl null, nllrrr•1 4.619 Ulhrr lrmmp dlflrrrnt r` 4.351 I,n,.. drlrrml Frdt•tal la\ 3y.5M1 Ta\ Iwnrfit from TA 4 19.3281 Fjlrt•Ign td\ 1 n•du• 12.1911 Ime.IttirFll Id\ t rrdtt• 123.3861 Ih-lrrrml h•drrdt rnrrtm, Id\ lln,\hl„tt 11 n•dll l 4.052 110- trd .Idl, dnd I.,t .d I I11',1111,• w% form i.1„ tt 1,21K1 IMferrrd Ion•1}n i ntornt' la\ pn,\ I•um It rrdlt 1 _ (� i I Ilorned 1111'4onM• la\ l/nnIM,,11 tit 1 ontnnnnF iop"ralt„n. 5.781 J Ir'frrrrYl la% I IM•Ill,l ll l- Ill•, „III Illllyd ./'1;tllrlll•� t.4lla 1"wI d. Irnl,,f Ill. all, 1.1\ 1 F 4.159 I:if t21 (87.3701 (4. 411 IS,SIaI ly:i,8.ilh I H.2t111 12.6=1 53. •11f8 S 4.605 15t 11.3t1(11 3.423 3.423 35-) 11.273I 2.511:, lltml-I,aii,n•d11i IF 30,681 S (8.1731 S 122111 Ifrlrrlrll Illt-urtlt• id\r, art. 1111 11It1,•11 I11 the biilU11,-v ►11re1• a• t,11It1%.: Amount• nlTh,.u`,nut•l 1985 1981 other 1 urtew d-wi- f 12.3911 9 Urle•rred mromr wtv. (42.1901 114.2121 b,l,ll - --- - - --- i I•}1.88" I Q 11 i.2n3 ! Tbr dif e-rrncr bt•lNren lite stalutun Federal income tax rate and Tidiv.%orld's effrulke ta\ rate is as follows: 198.1 1981 1983 `i dulon rile• 46% 4(,4j gprr U18rrrnvr rr:ulunK fnnn t „nUnulnF nlrt•rauon•: Inu••Inu•n1 ld\ rfrdll` (It►I - l4i %Idt/• dnd too( df Id\rt•, nel of fede-ral int-wnr td\ lwllrfil 2 Effrrl of G,rr►pn v)urt•t• 1111 41111r dell (orrl$li la\ rrrdll• 131 111, Iwiwftl from?*9 11 1bl %111nr11/a111,11 III 1LY1111IN off dlld 111111-F joemi.mo-w dll- Irrrllt'r• lwlMrl•11 Illy Id\ rr1Un1 d1111 111,• ,.1dlt•1111•Itl of cttn).ntnldlyd tut isms' _ 4 _ - I Ile, Im. 1.1\ rill, 4.11 ,71111111111114 ola•rall„ 11• 2-r, ly.:,1181 1.11) 4 3 11 2 1 •i l l -- Note 3. Sale of CenturN 21 Heal Estate Corporation: Un Oulober 30. 1985. Transworld's stockholders appro\rd the sale of Cenfun 21 for S251,21K1.(MM). The accompany ing Transwurld financial statements present the financial position and results of operations \\ith the impact of Centur\ 21 st gre- gated and condensed. The revenues of Centun21 (which are nut included in consolidated revenuesl were as fullu\\s: For the ten months ended October 3l . 1985: Q66.0()6.0(X): for the %ears ended December 31. 1981. S64.132.(KK): and 1983. 855.230.(M O. Note 4. Acquisition: Oil October 1. 1985. 1rans\\urld acquired and transferred to Canteen all of the outstanding stock of IL C for S93.5(K).(KM) in cash. The resultant co-4 in em-ess of net assets acquired of appro,tinlafel\ $63.3(M).OW is being amortized tr\er 40 \ears on fhe slraigbl-line method. Eiir fiscal \ears ended llt•t•rIllber 31. 1985. 1981 and N83. Trans%mrld's pruforma re%enues. in- cludin", It C. \\dull ha\e been: S2.4,62.156A M). S2.339.123.1'MMI and S2.213.883.(M111. 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 stuc hboldrrs, The accompanying financial statentenls present TI A a� a discon- tinued operation in 1983. Trans%orld's investment in TWA at December 31. 1983 \\a• recorded as a dividend payable In a charge against retained earnings in the full arnounl of 8256.24O.(MM) existing at that date and the remaining balance of S144.139.(MM) was charged to capital surplul . I No ll•• Ill (.11n-t►hdall•d 1'•I11a rlt' lit l Matenlr'111- It , 111111111,-111 Note 6. Foreign Currenc,, Translation: Fullowing is an analysis of the changes in equity during 1985 and 1984 fw cumulative translalion adjustments: tAnxwnt oil Thuusand-I 1985 1984 Kalitnl•r at Januan 1. $03.3111 S136.y821 Aggn•Fate atlu-uncut for Ihr 12 munth- rralt rt Ili t rmin r 31. rr.ullmg from III,- Iran-idlurn u( lurrt�n rurrrnrt slalrmvnlr 9.945 16. i.i91 list itII. I' at I►ccrnlVl, r 31. >)133.59tt1 i143.511 I Note 7 . Capital Stock: Conlrtton %Io k issued during the tear and reserted fur contin- gent issuance a1 December 3l . 1985 and 1984 are as fulluta s: Numllrr of Sharer• Issurd Re-enrdlal -_- 1km.lnnl- it, Ttnml-:ulll-I 198i 11o:t 1985 1981 f.n111low'. satut}• t,lan-1V,1 - - 820 8211 f.%rr, 1-r ur 4unterunl uL flrelem•d -Ira i,: 1 738 7:38 11•nr•. l.l, 1 - 4.3K11 -- - sl,■ i, In1n lid- %arrant-. 198c„III - 3.037, - - 1487,r, - 2 1.798 I.11►8 .I,w k ul,ln•n• 1:311 59 2.6:ty 2.8''a fill t•olm.(will lt•11-d 11,111111all - -- - - - - - -- --- - 203 2r1.4 1311 -. W,1; 6.2 ". 8 6.441 I it I A. III the clu-r of ltusinc ss on I Ircrmber 28. 1983. thr rrconl date for the distribution of 7ranswurld's equit% holding in TU A. the curttrr*ion ralm of 7*rdnswurld'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 l►rrt iouslc unissued conunun stuck Irurn 7ranswurld at market talur or, with thr current of Tramtvorld, purchase common-tt►c•k in the open market. (r l flit Octol►rr 29.1981.Tramwurld called for the redemption of all Us uutst.tnding -series C Preferred Sttx•k. Each share of -series C Pre-fc•rred Ntlrk was c•umertible lH thr holder into 1.412 shares of Transwurld'.- common stcn•k until Nt►tember 26. 1984. As of Dirt ember 31. 1991 dppruximatel% 3.108.0 )0 shares of aerir, C Preferred Stot•k were converted into appruximatrl% 4.3890)(1 shares of common slcx•k and appruximairly 100.(1(K) share, of 1t•rlrs 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 sloc•k 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(1 shares of Series H Preferred Stuck 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 1 11/4% subordinated debentures due June 1, 2(X) 7 for each share of Series B Preferred Stock. Approximately 2,00(I,M) shares were exchanged for the debentures. Changes in consolidated capital surplus are as follows: 1 Arnuunt- to Thuusaml-1 1985 14Y 1 Mi Raialn a at Januan I. :381.8111 2-i..ilhl f2l 121,,22 Dmdrod tlf'I'%1 t - - 1144.1391 NO IIrIa'rt•,1- frnlll Ihr sd1,' 11f 1'01111111It1 sill( I, 111 eU'e!- ul 11a1 talut' -- 61.:352 Contrrlun-uf 5Ci dull 12'i Mll,nrtimilled dr1wolun - lit r%cv- of Isar tdlul• oft u111111u11 dill i. issurd - Cunterlun of %wrir- C Preferred Stuck and exrrcl.e of 198r► wsrranl- lit excess of liar talue of t unuuun s11u'k Insurd - 117.642 - 01hrr 2.0441 - 18._3381 1;381.8111 3.09 - - Ba1am a at 1lrcrnlhrr 31. i386.861 �21: 5, i0(I Various lode dgreements place certain reslriclitr cotenants (in Transwurld and it, consolidated subsidiaries- including certain requirements as to pa%rnent of dividends on c•ummun stock. Payments, including the pay meni of dit idends. to Transwurld ht its subsidiaries; 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), 880.6440X►, and $l 1,5940M. respec- tivel%. of additional pad nients to Transwurld. 1 . Note 8. Earnings (Loss) Per Common Share: Earning, per common share are computed as follow,: I Amounts in Thousands) 1985 1984 198:3 yr 1;. kf' iI juslmrnt it \rt Irw o nt Net mcnmras rrllllrtrd S217,530 S115.02(4 Redid thin m inlrtr.t rl,prnst. fill the lits-u lied r►erche• into minion slew k of thr 1480 warrant• — 5.454 + Il out dnidrru3 re•rtulrenlrnte• on preferred -.%twk and the amortization of the ru•r�s of redemption valor mer cammg %slur of 4•nrs H Ilrefr•nrrd Stlw'I, (11,5081 119.2221 1:o.8971 Incrrasr in dig Idrnd requirement- for the a%sunlrd "rn Isr into;e•nrs II Preferred, of k of the 1987 warrants — Ulu.trd rlt•t Income apphl Ale to d%euWe uuladlulnlg and equndlent common .hare. 206.022 101.261 131.1NI81 4dlustinent• a•.uming full dilution• Heilul lion In intrrrsl r\Ilrll.t• for the a�Wtoed cumernlon Into c•ummun SILK k of. ,it, delw•nlurrs Islilrll 14t1'1 — — 3:3'2 12 +• delienturr. It..ued ["I _ — 1..i75 Krduvi on of lwrlrrtr•d dnulrod requirements for a..umrd cun►enwn of cumrrtlhle preferred slot k Into 1 umnloll .t.w I,: S•t"" 4 2.1191 20,11 �r•nr• 1--- -- -- -- - - ---- - — 7.821 4dluslyd ne-t earnings assuming full dilution $208.113 c 13.1.0011 S111.173 idjiustrlrol of rornimso and rlllll%dlrlll .11dtl'n: A%rrdpe summon shdrr. owmandlllg 35,628 28.81M1 27.201► Awrdg•• tred.un .hare- 13151 — — Assumrd comrhum of common -toi h into h nt. II Preferred "Ilw k — — ILION11 A.,unied rwn I— of .I.w k wdrrailt• dill] opllnll� _ 11.076 .3.351 .34 li•Iel d%erdg.' out-tandmg and rqunalt.nt conunun .hart., 30.389 32.2.1i.i 25.5113 4diu-tno•nt- d••unlllig lull dlluhon. A••Ilnled a\ere Pe of .New 1. %arrdllts and uldlnll• 61 41i 2i Adl]lr...11al .11 erap, . nllmum •hart• rr•uhmp fnllll lhr a••unu•d i mi%rr-wo IIII..1 nIItowo sit,- . ot: 5ri dl•Iw•nturr- I••urd lf,401 — — 132 12 K dellelllurrs I•.urd 140, —587 — Ilre•fertrd ?bw G \I•nr•4 �38 7:38 fir- C Adlu+trd dle•rdge a nnlmull .flare. d• Umlrlg ftdl dllullull 37.188 .3 .044 211.217 ')•\.. ddlu•tloent I. madr.Inl r the rffrl I is dnttdllulnr. St-e lute ; for a description of the right., and privileges of oolslan ding, comertlhle .rcuriiir,, %arrdtlts dnd ulllions enter- ing ono the computation of earnings per conunun share. Tilt- lrra-un %lock nletholl is u.rd III calculdir the diluiicc• effect of the 198" %irranls and oul.ldnding slol•k pun•ild.r option.. The fix rule used is 'kt'/i fur incumr front continuing operations for IYM. The tag rate, used are 0.0% for intone from continuing operations and net income for 1984 and 6.9% for net income for 1983. Due it, the redrmlHiun of lbr Series B Preferred Stock net ittconle d1lailaWr to common shareholder, has been reduced b% the unamortized portion of the excess of redemption value wrr earn ing %alur ul Srrir. B Preferred Slack, thereb% reducing earnings per share on average outstanding and equivalent Aare, b% appruximatel% $0.13 fur the �rar ended December 31. 19li5. 66-10� 1. ------------- w w ram; \l(h'- III t:onstllillatcd Finant•ial �tatt-nit-nI- Icllilt itill"di Note 9. Long-term Debt: (f) A re%olv ing credit agreement with a group of hanks permits Transworld to boom N amounts up to 8200,0(10.000 through Long-term debt outstanding is as folloAs: March 31. 1992, and reduced amounts thereafter until Septem- 111muunls inThuubwidst 1985 1984 her 30. 1993. Borrowings in domestic dollars Nill bear interest Notes, 91/s% due IQttt►-94 S 10AM S 11.550 at either the prime rate or the certificate of deposit rate plus an Note". 5Vi% to cl!•lr, additional 1/ of l %. through September :30. 1989. and thereaf- due 19Wi,-1"he►1j:t 13.1K111 11.137 ter to maturil% at either the prime rate plus an additional l•/u of !lout.. Hr m it, 12 ,i due IQtic,-201uthltp 9.598 Io.t,,4 1% or the c•ertifwate of deposit rate 1►lus an additional ';"% of NKr-. 12.1875% due I78c►-8t:11 t 12.180 — 1%. Eurodollar l►orroNings will bear interest at the Londlln Su1k,rdlnd1ydde1wlrtllrr-. HK4 Interbank Eurodollar Market Offering Rate 1LIBORI plus'+/►t of due I981t•IIAP4ttil 30.792 30.232 1% through 'September 30, 1989 and thereafter to maturit% a1 SutKlydlnalrtl drlwnture-. I I l I% LIBOR plus l/I of I %. Fee, are paid based on the a%ailability due 19Q8-2l let 34.571 33.523 and utilization of the total commilrnenl. RrwhlilF credit agrrrntrnllft — — SKr-, duc 1118.i — 9.(KKl The agreement contains certain restricti%e financial cullenants Surtdn mdrldrdurs-igl _ 51;19: _49.(4o applicable ioTransworld. including se%eral f inancidl ratios and Tilled 161.733 155.7e12 gales of substantial suhsidiarres. jes l Urrt•111 Illdlurlllr-lilt -- ------ - - - — ----- U1413 - --- 18.8.1.i — ( 1 The not" anti sonde. indrhtrdnr,- include certain notes S152.8au F13o.Qtrr F. src•ured h% mortgages un various operating properlit-s of Canteen. (a) Tilt- note, are drnominated and payable in SN iss francs. HI and Spartan. The net look %alue of thrsr properties Has S51.2 i 6.(N)ll at December 31. 1983. (b) The notes art- droorttinaled and lrayable illCanadian dollars. (c) The nott-s are denominated and payable in British 1K,unds. fh I Aggregate annual maturities of lung -turn debt are as fulluNs: i IArrluunl- ul Thuu-ando (d ) Tilt- I0 r suix,rdluated debentures. Ahlch %ere issued in 1979 Niih an efferikt- rate of approxirrlatrle 13ric had un,uutlr- � +dr: 8.t�11a tizrd origindl i-sue discount of $$.:383,(NNI and �:i.9I3.(NKI at 1987 24.191 Decrml,er 31. 1985 and 1981, rrsprcli+c•ly. Thr original issue 1988 0.11. 1 discount %as calculated on the basis (If Ihr market value of tilt. 1989 (+. hill cumnnto n11H k pllrt'hasr Narranl?- alldt'Ilyd at IcsUalll't•. 1990 y.u10 103. i61 "`.. (e) The l l l/ocic subordinated drl►rnlurrs %hich were issued ill 1981 %ith an effrcti%r rate of approximated% 131ic in exchajige iIt11.7a:1 = $: fur appruximatek 2.(KK).(KKl shares of Series B Preferred Stot-k W Various loan agrrrmrnts place rrrlain rrstrictM, cou•nanls ;_.•: had unan+onizrd aril inal issue discount of S5.435.(NKI and on Transwurld and its subsidiaries including certain reyuirr- fo.4830K)at Drcrnll►rr 31. 1985 and MI. respec•ti%0%. Tile mrnts as to maintrnanc•r of minimum levels of Nurkirt� capital original issue discount Nas c•alculdird on tilt- basis of market and lin+itatium un additional borrowings. %alurs at issuance. Note 10. Leases and Related Guarantees: 47 ` Transwurlcfs subsidiaries utilize properly. facilities and equip- '' ment leased from others. In addition. certain owned and leased property, facilities and equipment are leased to others. ed from others are primarily for Buildings and !ac ihties leas ' hotels, restaurants and support facilities. At Drcrrnhrr 31. 1985. 39 hotels and 127 restaurants Kerr operated under least- �' arrangements N hit h generally prat idr for a contingent rental based on a percentage of gross operating profit or gross ret rnurs and. in some instance:, for a fixed basic rent. Initial terms of hotel, land and rrttauram building leases generally are nut less than 20 years exc•lusi%e of uptions to renrtn. Leases of other +� 1 equipment primarily consist of ntrrc•handising equipment. cuul- " 1 puter systems. rtc. 86 I��. 1 s i\ 1 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 ►tens- learn to franchised distributors of Canteen. Certain hotels also covering many employees. Amounts charged to income (includ- •rest lease retail store space to tenants. Numerous misc•ellaneou► s an sublease agreements also exist. ing amortization of prior service costs) were $7.6:S60M. $9.171.((1() and $8,613,0(XI for 1985. 198.1 and 1983. reaf- „rts subleased to others under direct financing leases and respec•tivel%. t of lilt lulled in other as.rls at December 31. 1985 and 198.1 of ell (K>O I aI 1 '3'38 (xKl r� ►rrti\el\ As of the latest benefit determination date. the actuarial prrsen d Q1 t H of at t\ nts and ore n. 4013 19:3 181+ 010 401 ;3a ip- sed asr I ,f less r1, . aggregat e , 1 I value of \eslyd accumulated plan benefit- %as approximatrl\ Infmrrnatiun rrganling Tran.\,urld's (rasing activities at Decem- $52,6(X_I.(1(K). the actuarial present value of nun\rsted ac- ber 31. 1985 is as follo%?.: cumulated plan benefits was approximatel\ g9. 7O(l.(XK): and tl CHIlllal beet Ulrrraun►; l.r•a"•- 41111nud• u1 Tlpmu , mdl Mlmmurl Ira-1• Pat norm- lr•.0 Ivtu. f h,e,e1; IyN- 5.023 14tIY .i.211 1401 4. to / i 14Ith 1 4.827 02.4174 Lr.- uupum 1! n11.14 -1 - 48. 173 Prr•.ent ,aids -if, aortal 11 a1 . -t 1. 31 Lr•-• c urrrnt Isld,y.dn.m. a.1 IH \�„�, urn•nI ..LIi�.Itnn1- will. t 1'a1m1.11 Ir•a-1•- ` f .Slt.t/13 111unmurn Lea". Pamt•nl, No of Atunmtlnl 5ublrasr Rental- S1111Ir.1-r of Immaterial 1,14tn,cnl. Am„unl- 12 2 S :31.56" - 2'►.Wit I - 28.257 - 2n.•2.i - 21.218 - 333.11. Thr total renlal rxpen-r for all operating leanrs included in the drtrrmination of operating results for the \cars ended December 31. 198:►. 1984 and 1983 ads as ftlllovvs: 14noand•In Thou-and.i 1983 1481 198:3 ka•u rem• E3:3.2.ib t3:31.:3115 F24.8:1n I.nnlin�rm wiii- 51A.7 5:.:3$er 52.tt1� S88.123 1}88.cI:3l tt}2.el�r► plan.s* net assets available for benefits were appro\inlately $75.(Kl(1.(M. 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 .ear 1985. depending Oil the plan. liwenike cornpensation plans pro\ ide for a\\ard to managenle► employees based on meeting or exceeding certain le\els of income as defined h\ such plans. The amount- charged to income under the above plans were S5,957.(KN). K.356.0(") and $5.265.(NN) for the years ended December 31. 1985. 1981 and 1983. respectively. In addition to these incentive c•ompens, tiun plan. certain subsidiaries ha\e incentive plan- in place under ubich regional. di\isional and local nlana-rinrlll partic•Ipatc The incenti\r stock option plan permits the hoard of Director. t grant Iu c•e►lain ke\ officers of TransAorld and its �ubsidiarirs purc•hasr opIlons for share!- of 7ians%orld conuuon stuck at a stated option price not less than the market price at the time the option is granted. The options become e\ercisable in %hole or it part from time to time during a period of fi\r gars from the date of grant commencing si\ months to one year subsequent to the dale of grant. Information regarding outstanding options and option ac•Ii\it\ is as follu\As: 1985 1981 Uut-landulg at Januan I. 661.9011 ;4.44Ph Granted 37, 3.87.5 653.015 Canceled 81.87:3 5.077, E%ercl.rd 129.582 54.446 OuraandnlgatDeceml1er31. 827.320 Earn Labor at Drc•ernlwr :31. 269.382 2O.278 Prire wtigr of tit ,Uins: tlut.►andoltt 111.95-$12.25 811.45-$30.1:3 Eitertv+rvl $13.28-1311.13 itIAI-S23.4t1 86- IO011 AWI I `Ill. • tell loll -III It I.11rII I•Ilia nt'lill *�IJIt'Illr•II I- II I$III 11111.•1I 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 neceasariI% indic•ali�r of other matters arising out of the ordivar% conduct of business anti future financial results on either an interim or an annual basis. financing matters. Certain of these are or purport to be (•lass tirlec led consolidated financial data for each quarter within actions. seeking damages in substantial amounts. The amounts of liabilitN. if am, on these direct or indirect c'lainvr and actions 1985 and 1984 area, fullows: at December 31. 1985. over and aho%e an insurance coverage (4ml,unt• in Thou -and- )lrsl %,ernnd Third Fourlll in respect to certain of them, are not specificall% determinable Etevept Per Sham 4nwluntsl (fuartrl (fuarlrr Quarter Quartrr 1 this time It is the o ►inion of Management 6ncluding General lrar Elulyd [lecrnelw•r 31. 1985 Olw•rdling n•lrllur- S*4.41I SVI' (IM S.122.111 Olw•rallnF Income 27.045 41.202 47.701 Im unnr fn.m conlin- u1nF ulwratnal- (wdurr Inl,mlr lair. 21.W 35.ftll3 41.101 lrllilt event. l0.243 30.811 30000 LammR- per common share: Oil awrap. uu1- standing and rqultal.•nt Atari. 1 0. 11) S II. ;4 1 0.9h A --timing lull dllutnnl U.4t1 0.',tl 0.941 leer Lndrd 11rrrnelw'I 31. 1981 (Ilw•ral►nFn•1rnu.•- IVA).rr1i i4ttl..4"7 $14:1.1(.-. 01wrAling lilt tinie 2b.141 35.2 T. 5 411.9311 In( liner from runup• ump Ulw•rdlll111. brbrr uo unit - la%• 24.611. 30.923 38.1111 Net lilt unit 19.3Ik. 29.851 3G.319 (•.anunx- Iw•r runeneun A.m.: Oil dwrdl'r oul• t.tdudlllj2 appal equnalrw Pharr- i 0.4 fF (1.82 � I.11► A%-umrlp full dllutwit 0.47 a F Counsel I, however, after considering a nunlbt-r of factors, in- V61.681 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 lilt- ultimate disposition of these matters will not maleriall affect the consolidated financial position or results of operations of TransMurld. 45.1 "r1 133.S8.1 Note 14. Business Segments and Foreigtt Operations: The operations of Canteen. Hl. Spartan and Transworld are included in the consolidated financial slate►nents. Canteen is engaged primarily in the food sen ice business and conduct.... S 3.5i direcll and through its subsidiaries all(] independent fran- chised distributors. trending and dine[ 6KI ser%ice operations 3.44 in tilt- United Stairs and Canada. HI. direc•tl and through its subsidiaries, operates hotels in 43 Iilreign cuuntrit-s. the United Stairs. Guam dlld 1►11rr111 Hicu. `pariah is engaged III tile - operation of franchised fast hKid and proprietan Tamil-st%Ie restaurants. principall% in lire southeastern United States. Information concerning the major business segnlr•nts and the extent of operations in each significant foreign geographic area 34.IN1; is presented in tilt- following schedules. 1'ureign Operations of -'c+.5 V1 the vending and food sin ice: business segments art- conducted primarily in Canada. Identifiable asset,, at December 31. 1985. 198.1 and 1983 include $297.111 AK). 8276.58:3AH1 and $268.4100K). respeclivel%. of assets used in foreign opera- 1 0.-4 lions. A further disaggregation Of foreign upt-ralions w ithin specific geographic area-, is not deemrd significant. 0.70 SG--1®"1 Nate- 1„ t t-II.1,hd. wd F111.l n1-i'll Slall•1111.111- ,, •,11111 1u 111 Note 15. Changing Prices (Unaudited): The full(ming supplementan income computations adjust in- come frunt continuing operations for the effects of changes in specific prices (current costs) of the resources used in pray idling services and products sold. The effect of inflation is particularly ell ident in comparing the historical and adjusted cost of fixed assets and the related deprecia(ion expense because fixed assets are held for an extended period of time vet remain at acquisition cost in the balance sheet. Depreciation exiiense allcic•ates. on a ratable basis, a portion of the historical cost of assets slated in dollars hay ing varying amounts of purchasing poyyer. Since this purchasing pli%er has changed signific•antl\ from the time these assets were acquired, the change must lie considered to be the estimated effect of inflation on the financial statt-rnrnts. A much less significant relationship exists with inventors held fur sale since the gouts in Transworld's in%entories. principally fi►c+d and be%eragt- items. ha%e been purchased just prior to their sale. The supplementan financial statements prepared in accordance with the current cost concept assume the %cluing of fixed assets and in%entun at year-end using costs in existence at December 31. 1985. Since these current costs are higher than the older historical costs for equipment and proper(} currently in use, the related depreciation exlwnsv increases c•urrespondingl}. Infla- lion also affi-cis n111nelan asset, and liabilities such as cash. rec•ei%ables and Companies wish nel mimviar% liabili- ties experience gains because lilt- amount required to satisfy the net liability, expre- ed in purcha-ing pm%er, decrc-a-es with Infldlurn. In a deflationan periud. tilt- effect would lie re%rnwd. Management's Analysis of The Supplementan Infurrnaiiun: Lnder historical accounting measurements. Transworld has reported revenue grtmth (if S434 million from $1.i2 billion in 1981 to $2. 15 billion in 1985. Adju-zing for general inflation using the Consumer Price Index for all L rban Consumers ig (CM-U I shows that this increase has been the result of erosion of the purchasing lxlw•er of the dollar. The resultant effect on earnings is shown, understandably. to he more dramatic. Depre- ciation expense, based on the restated value of assets for 1985. is substantiall% higher because the current cost of merchandis- ing equipment and other property is higher. Holders of nwne- tan liabilities benefit during inflationan periods l►ec•ause cheaper dollars are used to satisfy liabilities in the future. The decline in income from continuing operations is partially offset b% this purchasing lotower gain. Due to the current nature of Transworld's inventories. the adjustments for changes in specific prices du not have a significant effect on cost of services and products suld. For the current }•ear 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 I'll[ changing prices (Unaudited, dollar atnuunts in ayerdge 1985 dollars): )ear i•:n11rd Derr11011.1 31. 1 W.1 As Staled Adlu-ted in the fur Change IArnmint- In Thmt,aml- Flnan, I.11 it ape, Ifk E%- #- ,I Vcr SlmrY •innnnu-I Nalcrnrlli- Pm vc - 011rratinl; rr%entiv> $2.151.516 2.151.556 Cu-1 of sen our -and product- s„hl I+•y, lu-r%c of d,qu. rl.uoal .old amonization of prop,•rt% and Ira-r-I 1.182.10r, 1.182,4(1; Deprec•lannn and amortization 66.871 88.2'58 tlprraong cxlK rises, uthcn i 34.413 ia;.413 Ulhrr charges lcrrdltsl 24.479 24.479 - -- I ��.0 P'. , ,() .38�.r1 2,IRI .4. 1li In1 emir from vonimijing o ,erariull- $ J01.-86 — S 8:i.1 18 Earning. Iler share $ 2.-it1 S 1.9; Purcha-ing I,uwrmm m t rain u11 net ola llahlhnes held (luring the• %rat S 6.331) Inrn•ase in currrnt coil of 1mentun and equpmrnl held durum the %car >:2.1(1(1 Effrc I of "wrease in general J,rn I. Ircel - - - -- - ----`31. IcK, I:xcrnn Ishorlfnll I u(mcrra r. in n11rc1fic prices -- u%rr increasrt m the eneral ,rice Ir%e) S 129.0w) 1lryrnlonrs and 1'n,},vrt% at December 31. IYH.-): In%rntorlr- S 9,31 Pro ,rrlII. No of Dr ,n-rtalwtl SG —i®21 w Noll- the ( .etlt-e el Fell le'd I it lt'e It Five-year comparison of selected supplementan. financial data adjusted for effrcts of changing prices (unaudited. dollar arrwunts in average 198S dollars1: _ lear, Ended DrreniLwr 3). 1 Amount. in Thou. and- Ewept Npr Share .Arnr►1Ints. _ lhttdvmld and lmlv% Deilal 198:► 19H1 19&3 1982 1981 OlwratulF rrue•nur•- S21151.556 $2.((1(►.961 11.4 9.01 7 11.95,L24) 82.032.111 Current ro-1 In(urMattun: Inrnmr (ntn1 r'utUnuunF ulterallun- 83.118 78.160 32,071 18,913 35.W.1 hlcomr (is--1 fnem c•onttnurnp ctlw►atitln- lter tYtrttnttac -Here• 1.9 ". 1.08 OAY) 10. 43 1 0.57 Eu•ea, cshurttalll of Inrrrane in slwcifit pro, e, liter tit( rs-r in the Rrnrral !purr letrl 129.(Nkt t 1.111) (17.5871 41 JN5 51.694 \el a --el- at wvar•etnd 1,(N12.335 916.666 831.Wd) 1.M2(l4 1.265.382 0111e'r Infurnl.ttltill' Pun ha-tnp ltuaer Raln eon net munrtan lualu1111r- 6rld during the rear 6.339 6.405 8.526 17.516 40.035 Ca-li (lit Mend- dr•r')nrrel lwt common .hare 0.46 0.31 — — — 4larlet purr lwt summon Shaw st tray -end P.11 31.7 41.5 30.9 17.2 Mrral r run -miler rni r ►ttdr% 322.2 311.1 298.5 2AQ.3 272.1 (a) Basis of Presentation. Transworld'► historical financial statements are prepared principall% (lit historical prices in effect Mheo the transactiuns onginall% occurred and were rec•urded. The :upplrrnrnlan financial information discloses certain ef- frct• of changes in price. of propert% atld equipment ow ned or held under capital leases that hate ex•c•urred since the prupert% was original!} acquired bio Transpvorld. Property acquired bit me,rl_e•r witch of 1N►oling of interest I is ron.idered to hate 1►rrn at qulred hot 7ransworld at the date of the merger rather than the dale tit original acquisition of the item. (h t Inventor% and (:list of ;en ic•r• and Products Sold. Merchan- dise imentun ha- been adlusled for changes in specific 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 propertt, and equipment genrrallt Ha- computed Ili, appl\ ing price indices published b% guprrnmental and private urgani•ra- tions to 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- pose- 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 on the same metht►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 exprnsr for the increase in costs determined under the current co-t computations. 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 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 necessary in the circumstances. In our opinion, such consolidated financial statements present fairy the financial position of Transworld Corloration and subsidiaries at December 31. 1985 and 1984. and the results of their operations and the changes in their financial p )sition fur each of the three %ears in the period ended December 31. 1985. in conforrnil% with generall% accep(ed accounting princilles applied on a consistent 1►esis. Deluitte Has.kim, K Sells !tie% )Ork. !tie% York March 3. 1480 .may. is n Management's Rej)ort To The Shareholders of Transworld Corporation: 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%strm of internal accounting control pro% ide reasonable assurance, gk- ing due regard to the cost of implementing and maintaining the system. that transactions are executed in accordance w ith management's intention and authorization, that accounting 1►oul,s and records, are prepared and maintained so as tc► permit the preparation of the financial statements in accordance with generally accepted accounting principles and that accuunlabil- 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 financial statements. The Audit Committee of the Board of Directors. compot-rd of non►nanagenu•nt Board members. meets periudic•all% %ith both the internal and inde- pendent auditors to rrcri%e their reports. Further. we recognize our rrsponsibilit% (o conduct TramWufld'- businrss in accordance with high mural and ethical standards. Policies ha%r Bern rstablished and retie% prtigrarns arc mai►i- lained to ensure that the policies are understuoel and that all business activities are in compliance with them. c F. L salizzoni Tice Chairman J. R. Painter \'ice President and Controller 86"1i}� -`s S i+ Directors and Corporate Officers Transworld Corporation Board of Directors L. Edwin Smart Frank L. Salizzoni Chairman of the Boanl V•ive Chairman and Chief F%rc•utive Officer Transwnrld Corporation Transworld Corporation Morton 1. Sosland Charles J. Bradshaw Director and President President and Chief Operating Officef Susland Companies. Inc. Tran•world Corl,orallon (diversified activities including publishing Lester frown and venture investing) Chatnnan of the Board Patricia Cam Stewart atni Chief Executive Officer V•ive President Matrrial Senice Corlroratiun The Edna McConnell Clark Foundation (pnalucer and distributor of building matrrial ) (non-profit charitable foundation) R.L. Hadle% Griffin Curt R. Strand y:. Chairman of the Executive Committer Chairman of the Huard Bruwn Group. Inc. Hilton International Co. la consumer prtrducts cumpam dealing with jack Valenti operations in footwear. recreational products President and sltecialn retailing) Motion Picture .Association of America Jewrl S. Lafontanl Itrade asstn•lation) + Pamner iV•rdder. Price. Kaufman & kammholz Ila% firml Transworld Corporation Howard M. Love Officers Chairman of the Board L. Edwin Smart and thief Evrc•utnr Offivet Chairman of the Huard and Chief Exec•uti%e National Intergnncp. Inc. Officer) ' Imultl•Industn c•ompam in distribution and Charles J. Bradshaw ` •en Ice businesses with nnemments in metals President and Chief Operating (iff crr' ` Indu�tnr•I Frank L Salizzoni %a .,:r•;:. John R Masrollr Vice r Chairman Cheirnlan of tilt' Board John J. O'Keeffr• Jr. and Chief Evt4-u1i%r Officer 3 rV•ire President -Administration. General The Continnlal Corl,oratiun (huhhor cumpam In the insurancr aml Counsel and Corin,rate %werelan insurancr srnu•rs folds► James R. Painter Ruhrrl S. McNamara V•n•e President and Controller V. Retired President Nicholas C. Moren The World Rank Treasurer) com Iam director, unitrrsit% truster { I . Alm- Chairman. (warm l "r1wraL,uu. and Chairman of C. Edwin Meer. Jr. the L%r,'Ulltr (.umnnllrr• SIuMao F-A S,r1rm, lu, . and Hdlun Intrmauunal C.U. p President s utivOfirr 2. Abu Chaman. Slwrtan Firr1min, . and Chief Evr 3. AW,Tn•a.urr,, Canlrrn l:ugn-Whin and Ntmrtan EK91 _ Hihon International Co. ��„am•. fin. ' Arja% Miller Ilran Emeritus Stanfonl I Graduatr St•h„ td (if Business '' r ongrcm dire for Andrall V. Prarson Pfu(rssor Henard Bu•ulrss Sch,w,l Jerome J. Richardson President i s and Chlt•f L%euuu%r• ( lfflcrr s Spartan Fo,nl ,'-vmenl his . n Transworld Corporation Board Committees Executive Committee L. Edwin Smart Chairman Charles J. Bradshaw Jewel S. Lafontant John P Mascotte Frank I.. Salizzoni Momon 1. 41sland Patricia Cam Stewart Audit Committee Morton 1. Sosland Chairman Jewel S. Lafontanl Howard M. Love Andrall E. Pearson Compensation Committee R:L. Hadle% Griffin Chairman Lester Crown Arja% Nlillt•r Jack Valenti Finaner Committee Frank L. Salizzoni Chairman John 1' Mascuttr Ruhrrt S. McNamara L, Edwin Stuart Patricia Cam Stewart Nominating Committee Andrall E. Pearson Chairman %. L. Hadley Griffin Jewel S. Lafontant Public Affairs Committer Arja% Miller Chairman Charles J. Bradshaw John P hlasc•olte Robert S. Nit -Namara C. Edwin Mrier. Jr. Cum R. Strait(] Jack Valenti Retirement Plan Committer Frank L. Salizzoni Chairman Lester Crown Howard M. Lo%r Jeruntt• J. Richardson Murton 1. Sclsland �� �� 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 sideni-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 tee President -Human l'Irsourc es Ur%elupmeut Pierre R. Jaquillard .wnn►r Vivo President-Uvistern Eunipr. Gulf and Africa kennedi S. �Itr•s leriior 1 icr President -Asia aid Australia Fred Ruoff Senior \ ic•r Prrsidrnt-Marketirig Jonathan Berger %we Pre- ident-Cori KPrate I)ryrlopnirni Alan Bridle it Pi-r-itlent anti Compinillet Anthony Carpenter ice Prrsidrnt-1 oiled date. Reginald h. Groome 1 or Pirsidrol-Canada Richard Handl Tice Prrsidrnt-japan. Guam. korea and the Phihppitlrs Jose A. Menendez 1 it r Pre.ideni-Cdrihltrdn and Latin 4nirncd Mel%in Milligan Vice Prrsidrnt. General Counsel. and Assistant Secrrtan Willem Sprokkrreff Vice Prrsidrnt-Australia and %%outh Pacific Oskar von Kretschmann 1 wr Prrsidrnt-Indonesia. Malaysia. Singaliore. Sri Lanka and Thailand Carob n S. Parlato corporals Srcrrldn i 41...I.nitlufMlr `a rrlary ut t Yllierll (.u►tMrt111uU. end Sparlan h.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 Vic•r 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, l;eneral Counsel and Assistant Secretary Kenneth R. Davidson Vice President -Purchasing Nicholas A. Dinielli Vice President and Controller Paul G. Duffy Vice President and General Manager FcKKI and Vending Mel%in H. Grossberg Vice President-11(me Operations Daniel R. Krpan \*ice President -Marketing John E. Napier Vice Prrsidrnt-I)istrihutor Operations Karl Ii. Sedlarz \ ice President -Corporate I)e%elopmen Assistant Treasurer Richard %I. Stein \ ice 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 . 1g,