Asbury Park Press from Asbury Park, New Jersey • Page 76

Asbury Park Nov. 7, 1382 D3 Telegraph office closing reflects technology change Excel Wood comes out of Chapter 11 LAKEWOOD The vice president of Excel Wood Products which emerged from a Chapter 11 reorganization last month, says the company will progress in the future. Simon Weisz, vice president of 'the company located on Prospect and Massachusetts Avenues, said the "company is confident that its role as a prominent leader in the industry and as an employer in the Ocean County area will not only- be maintained but progress in the future." Excel, which produces kitchen cabinets and bathroom fixtures, employs more than Business Beat I HX to KTP i 300 people, Weisz said. Excel filed for a business reorganiza tion under Chapter 11 of the federal bank ruptcy code March 1981 after the company saw a 510 million drop in sales to J26 mil lion. Weisz said then that the filing! for Chapter 11 was not a financial bankruptcy but a technical one which would allow them time to renegotiate loans from batiks planning to file suit against them.

Li frWr 2 Following the 1980 drop in business -the company fell into default on three bank loans because the net worth of Excel had dropped to $550,000, Weisz said. The loans were granted on terms that allowed them to remain unsecured as long as the company's net worth remained ai $5 million, he said. Asbury Park Press CHEERS Dori Mendito (left), bar manager, toasts Ricky Menditto and Luigi Menditto II, both owners of the new restaurant that was added on to Luigi's Tavern and Restaurant, Shafto Rd. and Asbury Tinton Falls. The restaurant which was opened recently specializes in southern Italian homestyle cooking and also runs luncheon specials.

It is open 11 a.m. to 10 p.m., Sunday through Thursday and 11 a.m. to 11 p.m., Friday and Saturday. The bar is separately owned by the Menditto in which the principals are Luigi, Dori and Rudy Menditto. By DAVID C.

MC DANIEL Business Editor THE WESTERN UNION Telegraph Company office in Asbury Park will be closing sometime in December partly the consequence of reduced business but partly the victim of a changing Western Union. "The Bullet Lock and Safe Company (Main Street, Asbury Park) will provide all the services currently provided by our office," according to Richard A. McNeil, city manager of agency operations for New Jersey, Pennsylvania and Delaware. "We are in the process of centralizing and computerizing," he said. "The volume of business Just doesn't justify us keeping a full-time office here." He predicted that the part-time agency at Bullet Lock and Safe would be handling about nine transactions a day as the Western Union office does now.

Western Union employs three full-time agents at its Mattison Avenue office. Those employees will get furlough notices soon and have bumping rights over agents with less seniority in the Trenton, Atlantic City and Paterson offices. Somewhere down the line, though, three people are going to lose their jobs. The closing of the Asbury Park office is a result of the changing character of Western Union a company that has been agile and progressive enough to change with the times. There was a time when Western Union's sole business was transmitting telegrams back and forth across the country.

That's not the case today. Western Union messengers, who were once active in even the samllest hamlets in the country, today are used only in larger cities. "Although we still have telegrams their use has gone way down," McNeil said. "The increased use of Mailgrams, however, has more than made up for the decline." In addition to the booming business in Mailgrams, Western Union has several other services from which it derives income. "One of our most used services is money orders," McNeil said, "and that'll make up the bulk of the business that the new agent (in Asbury Park) will handle." There are two ways to send money by Western Union.

The most common and frequently used way is to physically show up at a Western Union office, hand over the money and tell the agent where you want it sent. The more modern way, however, is to call a central Western Union number and, using your Visa or Master Charge number, have the money sent that way. "A lot of our operations are computerized," McNeil said. Another service of Western Union is the Telex or Telex services. This service is used mainly by businesses that want instantaneous, written communication internally between offices or with other businesses.

The Telex service delivers 63 words a minute and the Telex delivers 100 words a minute. In either case a Telex machine is bought or rented from Western Union and rates for circuit rental are based on distance and the amount of time used. Even if an intended recipient does not have a Telex machine, the sender can dial up a central computer feed in the message and it is delivered by more traditional methods like a telegram. Earlier this year Western Union won permission to operate international telex and telegraph services for the first time in 39 years and it has been expanding those operations ever since. Another expanding business for Western Union is the Metrofone service.

Like MCI, Sprint and others, Western Union is going into competition with the Bell System's long distance telephone service. In operation for only two years, Metrofone is not yet available in all areas of the country but the service is expanding. But the money order business continues to be a fast growing and widely used service. McNeil, who is based in the Atlantic City office, sees he has seen an increased need for the service in that city since the advent of casinos. "Most of the casinos have machines at the teller cages.

If a person needs money they can call a relative or even use their own Visa or Mastercard to 1 order tmselves a check. Five minutes after we have received the order, a check can be rinting out at the casino," McNeil said. Buy or Lease Toad Hall sold; renamed Brokers a wircie xsjri If you've been waiting to own the BMW ol your dreams, buy or lease now. New 1983 320 i s299 Mo. Lease For 48 months.

No down paymont COME AROUND OR CALL TODAY. COMPETITIVE RATES AVAILABLE SalMLaingSrvicParta PUDLIC AUCTION Absolute Sal PETER COSTANZO PROFESSIONAL AUCTIONEERS INC. will sell at Public Auction Tuesday, Nov. 9, 1982 AUCTION TIME 10:30 AM. on premises of RPM MARKETING 516 E.

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wood grain laminate 75 FtLt CABINETS: Letter Legal Size from 2 to 5 drawers in steel wkxka, full range ol colors 75 WOOO FILE CANNETS, LOCKING CABINETS, BOOKCASES: 30" to 84' 12 adjustable shelves. ALL 1ST QUALITY 244 CHAWS: Fabric, Fabric ft vinyl, vinyl. Exec, hi back, Posture, Swivel. Steno, Stacking, Exec. Lounge Chairs, Settees.

Couches AOCTflt MOTE: This is one of the largest stocks sold at auction in a long time A merits the attention of all buyers, to be sold lots to suit aH buyers TERMS: Cash or Certified Check INSPECTION: From 9 AM Tuesday Nov. 9, Day of Sale AUCTION TIME 10:30 A.M. Ptr Costanso PROFESSIONAL AUCTIONEERS (201) 531.1775 Member Nations) Auctioneers Assoc. CIRCLE 641 Shrewsbury Ave Shrewsbury, J. ately priced, featuring fish, beef, and veal platters.

The new bar seats 40 and has two television sets each offering cable TV programs. During lunch hours, the stock market channel is on. After- dinner, music is offered nightly, with light jazz entertainment on weekends. Brokers is open seven days a week. Most major credit cards are accepted.

BMW 741-1184 'SHREWSBURY'S EXCLUSIVE BMW DEALER" RED BANK Toad Hall, 26 West Front Street, has been sold to William Brower, Spring Lake. According to Sussman-Bielat Realty, Ocean Township, the real estate firm that negotiated the sale, Brower purchased the bar from Harry and Gail Grin-berg, Ocean Township. The name of the bar has been changed to Brokers. Interior renovations, consisting of the addition of a dining room which seats 50 and a new bar, have been completed. Denise Tyson, APID Architecture, Red Bank, designed the changes.

Brokers hopes to appeal to local business people in the Red Bank area, especially the stockbrokers. Fourteen major brokerage firms now have branches in the area. Lunch and dinner are offered. The dinner menu is a more formal and moder COMPUTERS ARE FOR KIDS TOO! Introductory classes SATURDAY NOVEMBER 13th Sports BOXSCORES in The Press. 10 AM to NOON for ages 8-12 2 PM to 4 PM for ages 13-17 MAACO shop expands service in Neptune rn MAACO Unibody Repair Center said that MAACO shops throughourt the chain have invested thousands of dollars for new frame straightening and other specialized equipment.

Ostrowski's MAACO center will feature the Certified Unibod Repair logo and trademark along with the regular registered MAACO mark. NEPTUNE The MAACO Auto Painting and Bodyworks Center at 1101 Route 33, has been designated a Unibody Repair Center. The center has expanded its product and service line and capabilities for the repair of heavy accident and collision damage for new, smaller, lighter cars. Ron Ostrowski, owner certifier of the Course includes: Introduction to Computers Educational Programs Programming Instruction Hands on experience Class sizes limited Enroll Now To Assure A Seat Price $25.00 Per Session IMPERIAL AUTO LEASING NO DOWN PAYMENT EXECUTIVE LEASES CHECK THESE PRICES '83 TOYOTA TERCEL MlOtno. '83 OLDS CUTLASS Supremo 189mc '83 CADILLAC Coup do Villa 279 mo.

'83 CADILLAC Sndan do Vilkt 289, prices exclude lav mv tees, destination charges 48 mo. closed end lease open end lease with option available PETER COSTANZO PrMfnt 531-1774 THE HEAD OF THE BAY inpple computer IS SELLING 1980 LEASED CARS AT UNBELIEVABLE 6 MONTH6000 MILE GUARANTEE We allow you to take these cars to your own mechanic! SECOND AVE. MEMORIAL DRIVE ASSURY PARK TEL. 775-1515 0jL A FIVE MILE RUN FOR THE BENEFIT OF THE BRICK HOSPITAL FUND Brielle Computer Inc. Fountain 9 Mall Highway 35 Sea Girt, N.J.

08750 (201) 449-8770 sponsored by: UNITED SAVINGS and Loan Association 2085 Route 88, Brick, N.J. SUNDAY, NOVEMBER 21, 1982 1 MILE 9:30, 5 MILE LOCATION: Race begins at the United Savings Loan Association Route 8B, corner of Midstreams Road Paved grounds through scenic streets of Brick, I water stop timer every mile REGISTRATION: By November, 15, $5 00 with T-shirt, $6 00 Post-registration with T-shirt while supply lasts, $3 00 no T-shirt i ACI CROUPS: Male and Female 14-19, 20-24, 25-29, 30-39. 4M9, 50 and over I AWARDS: Mite Medals to the Top Five Male and Female Runners 5 Mile Medals to the First 25 Runners 5 Mile Trophies and Saving Account Passbook of $25 00 to the Top Three Male and Female Runners in Each Age Croup 5 Mile First Male and Female Runner in the 5 Mile run, "2" Tickets to a Show of Your Choice in New York i City (or) "2" Tickets to any New Jersey or New York City Sports Event. Driven by Chauferred Limousine. MAKE CHECKS PAYABLE TO: United Savings and Loan Association 4 ilitfrtMMiaMM rfMB I if MAIL ENTRIES TO: United Savings and Loan Association 2085 Route 88 Attention: Lisa Benson Administrative Asst When cnorgy costs ore going trough fho roof coll in the energy conservation professionals who have already installed hundreds of attractive, versatile, cost free fully guaranteed units.

Brick. N.J 08723 For Further Information or Additional Applications Please Cal (201) 892-3333, Ask for Lisa Benson FREE FOOD AND DRINKS AT FINISH KrlMM at All Clium OFFICIAL ENTRY FORM LAST NAME INITIAU FIRST NAME CALL OR AAAIL COUPON BELOW TODAY! I i I I I II 1 I 1 I ID I I I I 1 I I 1 i-mn MAILINC ADDRESS STREET I 1 I I I i i I i 1 1 1 i i i i i i i i i i i 1 1 I-. iv I ii n. it CITY ZIP CODE STATE DIVISION For nd caniidwalion ol bring icrrptfd 10 pjmripjlf tn Ihr AlWrttc competition drwnbrd in lh itIKhfd jpphcition. I lor mnll.

my hurt. mtiMv dinini-ilrftlon nd Mtttfnt. do krfebv tiprtuly trlvii and diKKaiar tnr United ind loan AtiocMtion ndo in mplovrtv tht towmhip ol anck ndoi nptov. Ihmmlter Irfemnl I torn ill cliam. OnundV liability ctwm.

or ludftmtntl ol any md wbMt ciiwd by Mf liamt ol Mid RelMwn ot any ot thwn olnrn.it hKh I now hav or may in the lului haw aaamtl laid Rtnwm or any ot thrm am ing out ol my panic ipalion tn tht athlmc comptttion which it lha tubiKI ot Ihit application Sacond I ropnnmt to Hit ipomon ol Hut competition that I am ohyvcally lit and hav ttamed tullicwntly tot thn toad nm rutthrt I hereby rnt toll petmittion to any and all ot the lorefOHvj to ute any photoftapln. vidrotapw. motion pictutev recordtntt Of any othet record ol thn event tor any kegHimjtr purpot I I I I I I I I I I I I I I I I 1 I I I 1 I 140 SHREWSBURY AVE. RED BANK, N.J. 07701 11782 ACE ON FEMALE RACE DAY AREA CODE PHONE NO MALE T-SHIRT i 1 1 1 1 1 1 1 i sQMD xl NO PAYMENTS THRU APRIL 15, 1983 40 FEDERAL TAX CREDIT REFUND GUARANTEED SAVINGS ffiS OR WE PAY THE DIFFERENCE 70 SAVINGS ON HOT WATER BILLS 30 ON HEATING BILLS NO SALES TAX OR PROPERTY REVALUATION FOR SOLAR ENERGY RED BANK FREEHOLD TOMS RIVER 201-747-7557 201-462-0004 201-244-1400 Dear Sjper Service: Send me information on your cost free program NOW! NAME Youth Size CATECORY (check one) 14-19 20-24 25-29 30-39 40-49 50 4 over Applicant's Signature Releate mutt be ugned by all entrant! For Official Ute Only ADDRESS.

CITY Amount Paid (check one) 5 Mile Run: 00 Pre-registration with T-shirt Fee collected ParemTGuardian II applicant it uner II' $6 00 Post-registration T-shirt while supply lasts Shirt YES NO PHONE. Sin Runnrr't Number My hot water is heated by Electric Gas Oil 00 No. T-shirt 1 Mile Run: DSS OO Pre-registration with T-shirt $2 00 No. T-Shirt.