Happy Feat: The $350 Million Penguin

Ro(S)B magazine profiles Canadian entrepreneurs reaching new heights of success

TORONTO, Nov. 18 /CNW/ - It reads like a fairy tale. In 2005, three guys from British Columbia launch Club Penguin - a safe online community for preteens to meet, chat and play games. By 2007, annual revenues were approaching $65 million. Disney entered the picture and acquired the company for $350 million, but with the founders insisting they retain management control and that 10 per cent of profits continue to go to charity. Today, Club Penguin boasts tens of thousands of young fans from 23 countries. The founders -- Lane Merrifield, Lance Priebe and Dave Krysko -- proved that you can win in business, and create a sustainable company that takes care of its employees and customers. In the winter issue of Report on (Small) Business magazine, available Thursday, November 19, writer Sabitri Ghosh shares the story of a small Canadian start-up well on its way to happily ever after.

Also in this issue:

One for the revolution, please - To be a ticket speculator, you have to have guts - Mario Livich learned that at Expo '86 when he literally got knocked out for hustling tickets. Two decades later, Livich has managed to turn scalping into a respectable business with ShowTime Tickets, the largest ticket broker in Canada. With about $5 million a year in sales, it has become one of the busiest ticket resale websites in North America and put Ticketmaster on the defensive. With the 2010 Winter Olympics approaching, ShowTime is shifting into high gear. Writer Grant Robertson reveals why reselling is such a hot ticket.

The new king of the castles - Real estate is a true family affair for the Kalles. In 1957 Harvey Kalles founded Ontario's top independent brokerage firm. His wife Elise - the main revenue engine - is at the heart of the business, along with their son Michael, who runs day-to-day operations. Investing in relationships is the core principle of real estate sales, but is it enough to see the Kalles through the internet, social media and the issue of succession? Joanna Pachner holds an open house to show how Harvey Kalles Real Estate Ltd. is preparing for the next generation.

The Globe and Mail's small business web site and Report on (Small) Business magazine focus on the fastest growing segment of the economy: entrepreneurs. In the next five years, more than 100,000 new businesses will launch in Canada. The Globe and Mail serves the unique needs of these businesses with a wealth of online resources and dedicated coverage of small business issues and stories at reportonbusiness.com/smallbusiness. The magazine is distributed to members of the Canadian Federation of Independent Business, via select home delivery issues of The Globe and Mail and online at reportonbusiness.com/rosbmagazine.

The Globe and Mail, Canada's national newspaper, is a division of CTVglobemedia, a dynamic multimedia company, which also owns CTV Inc., Canada's number-one private broadcaster

SOURCE Globe and Mail

For further information: For further information: or to arrange an interview please contact: Sheryl So - sso@environicspr.com, (416) 969-2725; Jennifer Hills - jhills@environicspr.com, (416) 969-2669

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