Canton's properties should benefit from strong Salt Lake City market.SALT LAKE CITY Lake City, town (1990 pop. 10,005), seat of Columbia co., N Fla.; inc. 1921. It was founded in the 1830s as a military post. Lake City is located in a farm and cattle area and produces tobacco, lumber products, and naval stores. The city also has airplane repair centers and is the headquarters of Ocala National Forest. Area tourism adds to the economy.--(BUSINESS WIRE)--June 20, 1995--Canton 1 City (1990 pop. 13,922), Fulton co., W central Ill., in the corn belt; inc. 1849. It is a trade and industrial center for a coal and farm area. 2 Town (1990 pop. 18,530), Norfolk co., E Mass., a suburb of Boston; settled 1630, inc. 1797. Rubber goods, textiles, plastics, and paper and electronics products are manufactured, and there is a state hospital for the handicapped. Paul Revere operated a copper-rolling mill here. 3 City (1990 pop. Industrial Corp. (BSE:CND CND - Cable Network Domain (Sprint) CND - Caldera Network Desktop (Linux) CND - Calling Number Delivery (Bellcore) CND - Calling Number Display (telecommunications) CND - Callparty Number Information CND - Campaign for Nuclear Disarmament CND - Canadian Dollar CND - Cannot Duplicate CND - Chief of Naval Development CND - China News Digest CND - Chronic Neuroimmune Disease CND - Circum-Nuclear Disk CND - Command and Decision) (OTC BB:CICP CICP - Cambodia Institute for Cooperation and Peace CICP - Centre for International Crime Prevention (United Nations Office for Drug Control and Crime Prevention) CICP - Colorado Indigent Care Program CICP - Communications and Information Career Program (USAF) CICP - Communications Interface Control Processor CICP - Consortium for International Crop Protection CICP - Construction Industry Crime Prevention Program CICP - Critical Item Control Plan) announced Tuesday that with Salt Lake City Salt Lake City, city (1990 pop. 159,936), alt. c.4,330 ft (1,320 m), state capital and seat of Salt Lake co., N central Utah, on the Jordan River and near the Great Salt Lake, at the foot of the Wasatch Range; inc. 1851. The largest city in the state, it is a great regional center, world headquarters of the Church of Jesus Christ of Latter-day Saints, and the processing point for products of an irrigated farm region that is rich in minerals. being selected as the site of the 2002 Winter Olympic Games many of the company's properties should appreciate in value. Canton currently holds properties located throughout downtown Salt Lake City. One such property is the Wallace-Bennett Building. The building is located directly adjacent to the new convention center in downtown Salt Lake City. Wasatch Capital, a subsidiary of Canton, purchased the property in November 1994 for $800,000. Canton Industrial is holding a 20 percent interest in the property. The company believes that it will be able to sell this property for $3-4 million due to the building's proximity to the new convention center, the currently improving real estate market, and the recent selection of Salt Lake City as the host of the 2002 Winter Games. Canton Industrial Corp. is an international holding company. Through its subsidiaries, Canton provides a wide range of financial consulting services to corporations, institutions, and professional firms in markets throughout the world. CONTACT: Canton Industrial Corp., Salt Lake City L.J. Perry, 801/575-8073 or 801/575-8092 (fax) |
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