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GUTHRIDGE LOUNGE, ALUMNI/FACULTY HOUSE, GEORGIA TECH (JANUARY 28, 1987 8:30 a.m.) Center for Rehabiliarion Technology Inc ATTENDED : R., Don Comstock, Robert H. Ferst, Tom Gannaway, Richard L. martin, Kenneth H. McCullough, James M. Richards, Barbara B. Rose, C. Preston Stephens, H. E. Thranhardt, J. David Webb, Roel I. Wolfson GUESTS : Gail Cannizzaro, Roger O. Weed Items Discussed : Opening Remarks Theasurer's Report Committee Proprts Marketing Proposals Universal Kitchen Debt New Business Opening Remarks : Chairman McCullough presided. Mr. and Mrs. Roel Wolfson officially thanked for their hospitality at the decemer 17, 1986 Board of director's meeting. Minutes : The minutes of the Board of Directors meeting of December 17, 1986 were approved. Treasurer's report : Jim Richards' report supported to Chairman McCullough indicated that, as of December 31, 1986, the cash in the Trust Company Bank account in Clayton Countywas $1,512.73. The Trust Company Bank account on North Avenue had a balance of $4,727.83 for a combined total of $6,240.56. There were two checks outstanding: 1) VAProject for the amount of $1,786.73 and 2) Air Atlanta ticket for the amount of $1,887.00. This gives a joint balance of both account to $1,566.83. In an addedum to Mr. Richard's report, Chairman McCullough has cited the following :
Approximate balance $7,179 after collections and payments. Mr. Richards stated that there had not been a response to the previous letters to IRS regarding our non-profit status. Business Committee report : Barbara rose stated that a contract should be made between tom Gannawat and CRT, Inc. The business plan is for Tom Gannaway to pursue maketing one product instead of two. A suggestion was made that a Director's Kit be established to help orientate current and new directors. Mr. Wolfson assepted the responsibility to explain kit to new directors. Finance/Legal Committee : Mr. Kelley stated that he was holding off his report until the resolution of hierarchy is established. Student Design Awards : the presentation was given at the Georgia Retardation Center, the facilities there were poor, the work appeared good but you couldn't hear the presentation. The amount for the student design aware was $50 for the winning student and $200 for the entire class. Seven of these students are students are submitting their presentations for the Easter Seal award. Public Relations : Mr. Wolfson stated that there shouldn't be any publicity made until a meeting with Tom Gannaway is held regarding the budget, there needs to be a direction established before we can promote a product. Marketing Proposals : The last two Business Committee meetings it was decided to concentrate on only one product rather than two, it was decided the Portable Reader Would be the product to market first. Mr. Gannaway distributed his Business/Marketing plan and a discussion ensued regarding this plan. There was a discussion on how CRT, Inc. can generate working capital to subsidize the costs of starting this marketing plan. Mr. Gannaway stated that a commitment needs to be needed. Barbara Rose will address this funding problem and bring it into focus then make a recommendation to this committee. A motion passed that Tom Gannaway would be employed part-time by CRT, Inc. for $1.00 as Markeeting Director until June 30, 1987, at which time he would be employed full-time as Marketing Director subject to compensation and other terms to be negotiated with CRT, Inc. The Government is establishing a Center(s) for Disabled and Rehabilitation Research. It was discussed that CRT, Inc. should send a delegation to meet with David Gray in Washington, DC to hopefully persuade that a Center be established in Georgia. Tom Gannaway stated that he would set up the meeting with with Mr. Gray. Universal Kitchen DEbt : Professor Martin stated that Georgia Tech/Dr. Stelcon has outstanding debt of $45,000 for the universal kitchen which CRT, Inc. was responsible for. This was discussed and is was agreed that that there needs to be something to something to validate this responsibility. A committee of Preston Stephens, Philip Kelley, and Don Comstock were appointed to researchthissituation and report back to the Executive Committee. New Business : CRT, Inc. is invited to have a representative assend, as an observer, the CRT Council Meeting, Friday, February 20, 1987 at the medical College of Georgia in accept the invitation. The chairman agreed to have a representative at the meeting. There was a discussion on who was responsible for paying for the Christmas Business meeting held at Mr. and Mrs. Wolfson's home. A motion was passed that CRT, Inc. would pay for this meeting. It was decided that a policy on the usage of CRT, Inc. monies should be established. Mr. McCllough adjourned the meeting at 11:25 a.m |
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