- 8 - Israeli officials to ensure that adequate backing existed for the investment. In order to satisfy such requirements, two agreements were entered by DPC during 1975. DPC agreed to purchase at least 60 percent and up to 80 percent of FIL’s production until the loan was repaid. DPC also executed a License, Technical and Marketing Assistance Agreement in which it contracted to provide FIL with technical and marketing information in connection with the setup and operation of the flocked fabrics enterprise. The document further recited that Pervel Industries, Inc. (Pervel), had in turn agreed to aid DPC in supplying the requisite technical assistance and know-how. This contract with Pervel, a U.S. manufacturer of flocked fabrics, had been obtained in order to address the fact that differences in the flocked fabric and plastic laminate industries rendered DPC without sufficient expertise to advise FIL on certain technical aspects of the business. In preparation for the commencement of the FIL operations, Jacob Pinson spent several months in Israel performing such tasks as negotiating for utility services and finalizing the installation of machinery. Thereafter, B. Mayer Zeiler arrived in Israel and has since been the member of the Deitsch family residing in Kiryat Malachi and running the FIL business. His job description as an employee of DPC states that he “is responsible for all financial, administrative, sales, and productionPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011