Magyar Örökségünk June 1987. [antikvár]

=3from 0% fintor Because many of our readers have inquired about it, and now that we have finally announced the activation of the Rákóczi Foundation-International (USA) in our May issue, it is timely, we believe, to explain the linkage between it, the Rákóczi Foundation (Canada), and the Rákóczi Press-International, Inc. (USA). To begin with, the non-profit Rákóczi Foundation (Canada) is regarded by us as the "parent organization" of both the non-profit Rákóczi Foundation-International (USA) and the commercial, or profit-earning (we hope), Rákóczi Press-International, Inc. (USA). This is in the sense that the said Rákóczi Foundation-International (USA) was established under the auspices of the Rákóczi Foundation (Canada) as its geographical extension, while the Rákóczi PressInternational, Inc. was founded, under the same sponsorship, as the publishing affiliate of both of the non-profit organizations mentioned. With considerable input from Pulitzer-Goodman Associates, Inc. (USA), the publishing affiliate purchased the former Eighth Hungárián Tribe magaziné, converted it into the Hungárián Heritage Review, and is completely dedicated to this publication's ongoing development as the official organ of both of the foundations with which it is affiliated. In no way is there any connection whatsoever with the newsletter of the Hungárián Eighth Tribe Foundation being presently published by the former editor-publisher of the magaziné we purchased from him. The Rákóczi Press-International, Inc. (USA) is, as mentioned, a commercial endeavor supportive of the two non-profit organizations with which it is affiliated. Incorporated in the State of New Jersey on March 27, 1985, the company was authorized to issue 2500 shares of stock. Of these shares, 51 % (1275) were issued to the Rákóczi Foundation-International (USA) in care of the Rákóczi Foundation (Canada), and 20%, or 500 shares, were issued to Pulitzer-Goodman Associates, Inc. (USA). The balance of the authorized, but still unissued, shares of stock are being held in reserve for availability to priváté investors at the rate of $100 per share, with an annual interest return to investors of 10%, but redeemable by the company any time after a period of 3 years. When issued in due time, the capital raised by this means will be used to help fináncé expansion of operations, including the publication of book projects. However, this information is not to be regarded as either an advertisement or a solicitation of sales of stock. It is merely a disclosure of the corporate structure of the Rákóczi Press-International, Inc. (USA) as it pertains to proprietary interests, and in response to well-intentioned questions asked us by our readers. PAUL PULITZER Executive Editor ----