Press Release:
2010 Award Finalist

Owl Time Clock: 2010 “Family Business of the Year” Award Finalist

Owl Time Clock is pleased to announce that it was chosen by the Canadian Association of Family Enterprise (CAFE) GTA Chapter as the first runner up for its annual “Family Enterprise of the Year” award, presented at its dinner held March 25 in Toronto. The award, established in 1983 and sponsored by KPMG Enterprise™™ and RBC Royal Bank, recognizes significant achievement made within a family enterprise.

CEO Tracy Parzych was on hand to receive the award and share the company’s business story with guests. The company, founded in 1965 by Tracy’s father John Parzych, defies statistics, which indicate only 30% of family businesses survive transition to a second generation, and only 30% of software development projects succeed. Owl Time Clock has done both.

“It is a privilege to be recognized for this prestigious award,” says Parzych. “We are very proud of our accomplishments as a developer of world class workforce management software. Not only does TimeZone™™ have a positive impact on the bottom line of our customers through labor cost savings, it is good for the environment, reducing paper time cards and the printing of paper reports by enabling electronic time and attendance management, analysis and reporting.” Co-finalist Sicilian Ice Cream was also honored, along with award winner Gerrie Electric, who moves on to compete for the National Family Business of the Year award to be announced at the CAFE 2010 Symposium in Regina, May 26th – 28th.

About Owl Time Clock

Established in 1965, Owl Time Clock is the largest national Canadian provider of workforce management products. The organization has been successfully helping small businesses to better manage their workforce for almost 50 years. With offices across Canada, Owl Time Clock supplies innovative time clocks, security access and simple software solutions and is the only organization to provide on-site service in all provinces in Canada.

About CAFE

The Canadian Association of Family Enterprise is Canada’s only national not-for-profit organization that celebrates and supports family business. Founded in 1983, it has grown to include 14 chapters from Vancouver to Nova Scotia. The organization facilitates peer interaction, allowing family business members to share experiences and learn from each other. CAFE also creates a community of families and professionals who can provide technical solutions and expertise to help families in business succeed. CAFE, as a result, is the voice of family business in Canada. For more information, visit cafecanada.ca.