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Petitioner manufactures pressure-sensitive identification
materials, such as product labels and graphic overlays. In
addition, it offers typesetting services to retail customers.
Lon Martin (who was petitioner's president and sole
shareholder during its fiscal year ended June 30, 1990) completed
about 2 years of college and then began working in the printing
business. As of 1978, Mr. Martin had approximately 20 years of
experience working in the label and printing industry. During
those 20 years, he performed tasks ranging from running presses
to managing his own label and printing business.
Before 1978, Mr. Martin, in partnership with other
individuals, had owned and operated for a number of years a label
and printing business in southern California. Following his
first wife's death and his remarriage, he sold his interest in
the southern California business and moved to Portland, Oregon,
about 1978.
From 1978 until petitioner's incorporation in 1980, Mr.
Martin operated a sole proprietorship label and printing business
in Portland. Initially, this label and printing business was a
one-man operation that he conducted with the help of his second
wife and his junior-high-school-age son, Mike Martin (Mike). Mr.
Martin called upon potential customers during the day and often
printed at night the labels that were ordered. Mrs. Martin
helped him by serving as a secretary and shipping clerk; Mike
helped him with the printing of the labels.
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