Savin Corporation
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Product Details
Certificate Type
Common/Cumulative Preferred Stock
Date Issued
June 30, 1988
Canceled
Yes
Printer
Banknote Corporation of America
Signatures
Machine printed
Approximate Size
12" (w) by 8" (h)
Additional Details
NA
Historical Context
Savin was incorporated in 1959 by Max M. and Robert K.Low (the company was named using the name of Max Low's son-in-law, Robert S. Savin) and was run by Low's son, Robert K. Low (Finance, management and marketing) and E. Paul Charlap (research and development). It was known primarily for its line of liquid toner photocopiers, which set it apart from other companies that manufactured dry toner equipment, like Xerox.
During the 1960s and through the 1980s, Savin developed and sold a line of liquid-toner copiers that implemented a technology based on patents held by the company. Savin's copiers were manufactured by Ricoh Company and distributed by Savin in the US and Canada through 50 Branch offices and 500 dealers, and under licenses from Savin to Nashua Corp for Europe and South America and through Ricoh for the Far East.
Although up against major corporations such as Xerox, IBM and Kodak, Savin was able to find its niche with well-developed marketing plans. Savin was listed on the New York Stock Exchange when it was sold in 1982 to the Canadian Development Corporation and later sold to other companies. The acquiring companies never had the marketing talent (deciding not to keep the talented Savin marketing professionals that had built the Company) and, therefore, sales and royalties began to decline at a steady pace.
In 1995, Ricoh Company acquired Savin Corporation, at which time it was made a wholly owned sales subsidiary.
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
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