When we think of the Canadian Bank Note Company we think of the company that prints Canada's money and stamps. And we may even think it is a crown corporation. Wouldn't money be printed by a branch of the government, just as coins are stamped by the Royal Canadian Mint, which is a crown corporation?

The fact is, Canadian Bank Note is a private company contracted by the Canadian government and many other agencies both public and private to print secure (counterfeit-proof) documents. Both the Bank of Canada and Canada Post, in fact, contract other providers as well, most notably BA Banknote for currency and Ashton Potter for stamps.

Besides currency, and travelers cheques - the beautiful engraved documents for which the company has a well-established reputation, CBN's Payment Systems division also manufactures debit, credit and smart card systems as well as security printing systems.

Its Shareholders Services division prints high quality debt and equity documents including government and corporate bonds and stock certificates. It also prints prospectuses and annual reports and maintains electronic filing systems.

CBN is also a leading international supplier of lottery systems, including ticket printing as well as  communications, terminal and point-of-sale software and hardware. The company can install complete systems for clients as well as manage and maintain systems and train staff.

Even before the Sept. 11th attack on America, there was increasing interest in CBN's Identification Systems division. This unit makes machine readable passports, visas and ID cards as well as the machinery to read them.  Obviously, from the accounts of our porous immigration security systems, the government does not yet deploy CBN's technology.

The ID Systems division also manages drivers licenses and vehicle registrations and vital statistics documents as well as travel documents such as boarding passes. Border control systems are also one of CBN's products. Again the company offers complete end-to-end service including project design, installation and management, software development, systems consultancy and employee training.

The Canadian Bank Note Company has over 100 years of experience in manufacturing high security documents and in 1994 received ISO 9001 certification for its advanced high tech capabilities. But fans of the unique art value of engraved documents will be pleased to know the company also offers a series of engraved vignettes for collectors.

The most recent quarter to June 30, 2001 saw revenues up 34.0% over the year before and earnings per share up 66.7%.  It is the fifth consecutive profitable quarter for the company after two years of red ink. The largest jump in revenues came from its ID Systems division, up 180.0%. Today's increased emphasis on security should see that growth continue into the future.

 Quarterly Earnings per Share

Annual Earnings per Share