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IMI Brokerage Company Ltd. pays $110,000 in dividends to shareholders in 10th year.


In business, a 10th anniversary is a distinctive accomplishment worthy of honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. , recognition and celebration. With a solid foundation whose strength is now matched by a sense of pride and accomplishment, IMI IMI International Masonry Institute (Washington, DC)
IMI Israel Military Industries
IMI Institute of the Motor Industry
IMI International Market Insight
IMI Imposto Municipal Sobre Imóveis (Portugal) 
 Brokerage Company Ltd. proudly celebrates its 10th anniversary this spring.

A 100 per cent aboriginally ab·o·rig·i·nal  
adj.
1. Having existed in a region from the beginning: aboriginal forests. See Synonyms at native.

2.
a. Of or relating to aborigines.

b.
 owned insurance brokerage, IMI Brokerage Company Ltd. is named for its target market -- Indian, Metis Metis (mē`tĭs), in astronomy, one of the 39 known moons, or natural satellites, of Jupiter.

Metis

goddess of caution and discretion. [Rom. Myth.: Wheeler, 242]

See : Prudence
 and Inuit Inuit: see Eskimo.  people. Company President Joan Barmby-Halcro rightly affirms that IMI Brokerage Company Ltd. is a unique partnership that formed from just an idea.

Joining Barmby-Halcro as equal owners and controllers of the brokerage firm are Ahtahkakoop Cree Nation, Beardy/Okemasis First Nation, Frog Lake Frog Lake may refer to:
  • Frog Lake, Alberta, a lake in Canada
  • Frog Lake (Poland), a lake in Poland
 First Nation of Alberta, Muskowekwan First Nation, Pasqua First Nation, Peepeekisis First Nation, Samson Cree Nation of Alberta, Standing Buffalo Dakota Nation, Wahpeton Dakota Nation, and Waterhen Lake First Nation The introduction to this article provides insufficient context for those unfamiliar with the subject matter.
Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page.
.

The company was established to allow First Nations to become directly involved in the insurance industry, which in turn has allowed them to reap the benefits, both educational and monetary, as a result of doing business with insurance companies.

Starting from a modest financial base and maintaining company operations on a strict budget has allowed IMI Brokerage Company Ltd. to forego operating loans or debt of any kind. With this solid footing, IMI paid out a $10,000 share dividend to its shareholders this year. Barmby-Halcro says that this money represents more than just a financial reward.

"Given our company's history which includes some very financially trying times, this dividend is really an opportunity for us to give something back to our investors who believed in the company' .says Barmby-Halcro, who is a Level H Licensed Life Insurance Broker.

"We were able to convince them through the tough years that this was a solid business that would not only help our people, but it would pay off in the long run," she continues. "And this dividend is proof of that."

What makes Barmby-Halcro most proud is that the dividend is filtering down to where it matters most, to the First Nations people themselves. For example, one band has allocated the money to setting up an Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 infrastructure on their First Nation giving global access to their people.

"It makes me personally proud because the investors trusted me with their investment to do something positive with it," Barmby-Halcro says. "In this industry, trust is the most important thing."

"This dividend is proof that financially it is a good investment for us," says Pat Buffalo, a Band Councillor with the Samson Cree Nation of Hobbema, Alberta Hobbema is a hamlet in central Alberta, Canada. The hamlet is located in Census Division No. 8. See also
  • List of communities in Alberta
, which is one of IMI's 11 shareholders. "Of course we entered into the investment based on the financial benefits, and it has proven to be a very, very good investment."

IMI Brokerage Company Ltd. has built its reputation and its business on the trust-building relationships it has nurtured with its clients. With its head office on the Beardy's Okemasis First Nation near Duck Lake Duck Lake, small lake, central Sask., Canada, SW of Prince Albert. It was the scene of the first encounter in Riel's Rebellion (see under Riel, Louis) in 1885. , SK, IMI Brokerage Company Ltd. is provincially licensed in Manitoba, Saskatchewan, Alberta and British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
.

Its main focus is on group products for clients ranging in excess of 1,000 workers to a few employees. Products for this facet facet /fac·et/ (fas´it) a small plane surface on a hard body, as on a bone.

fac·et
n.
1. A small smooth area on a bone or other firm structure.

2.
 of their business include group pension plans, and group life and health insurance coverage. In addition to the group business individual investment advisory services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
, individual pension and insurance services have always been included on IMI's product list.

IMI Brokerage operates a full-time office in Alberta to serve its Alberta clients. Barnby Halcro says that a British Columbia office may soon follow suit.

Whatever the future brings, however, Barmby Halcro says that IMI Brokerage Company Ltd. is well-positioned to continue its industry-leading position into the next decade and beyond.

"I'm excited about the future and what our company will look like 10 years from now' she says. "I'm also looking forward to continuing to work and help aboriginal people tackle the competitive, complicated insurance industry. I'm looking forward to doing as good of ajob, or better, than what we have already accomplished."

SASKATCHEWAN OFFICE

c/o Beardy's Okemasis, First Nation P.O. Box 725, Duck Lake, SK SOK 1JO

Toll-Free: 1-877-3244949

Phone: 1-306-467-4949, Fax: 1-306-467-4499

E-mail: imibrokerage@sk.sympatico.ca

www.imibrokerage.com

ALBERTA OFFICE

c/o Samson Cree Nation, P.O. Box 1449, Hobbema, AB TOC 1NO

Toll-Free: 1-877-585-8707

Phone: 1-780-585-3133, Fax: 1-780-585-3101

E-mail: imibrokr@incentre.net

www.imibrokerage.com
COPYRIGHT 2003 Sunrise Publishing Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Saskatchewan, Canada
Publication:SaskBusiness
Geographic Code:1CALB
Date:Mar 1, 2003
Words:724
Previous Article:Around the province.(Saskatchewan, Canada)
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