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April 8, 2002
New Film Lab Great for Toronto: Mayor
  
LOS ANGELES, CA. - Mayor Mel Lastman today met with executives from Deluxe Film
Labs, a motion picture film processing company that have just announced plans
to move their Toronto offices to a new location within the City.

"This is terrific news," Lastman said after meeting with Deluxe Executive Vice
Presidents Cyril Drabinsky and Dash Morrison. "By choosing to stay in Toronto,
Deluxe is saying `we believe in this City' - which is precisely the kind of
thing I like to hear."

Deluxe are in the process of moving their Adelaide Street West offices to a
state-of-the-art facility in South Etobicoke. The decision to stay in Toronto
means 350 highly skilled jobs will stay in the City.

Film and television production spending in Toronto climbed from $700 million a
year to a high of $1.3 billion since the Mayor last visited the major Hollywood
studios. The industry currently employs more than 28,000 people who live in the
Greater Toronto Area.

Besides his meetings with film and television industry executives, Lastman
plans on meeting with Silicon Valley corporations and venture capitalists in
San Francisco to encourage additional investment in Toronto.


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