Chapter 108: $6 Million Investment

The old Godfather received a call from a deputy mayor of New York City.

"Vito, I read in the newspapers about MEBO TV and Citibank's installment loan business. That MEBO TV factory is your son's property, right?"

"Yes, my youngest son. He came back as a soldier and got this property." The old Godfather smiled.

"They have a more favorable policy for soldiers. You get a TV with a $0 down payment and repay it in 12 installments. There is no interest for a penny, right?" the deputy mayor asked.

"Yes, Mike and his partners have military backgrounds, so there are even greater discounts for military personnel," the old Godfather said.

The deputy mayor sighed. "Vito, we have just ended the war, and the soldiers have paid a lot for this country and should be taken care of."

"I have an idea. I want to promote the TV factory. This is also a kind of praise and encouragement to the soldiers. What do you think?"

"Of course, I believe the soldiers will be very happy to know this news."

"Then let the newspaper publish a report tomorrow, saying that this event was held with the support of the New York City government. What do you think?"

"No problem at all. I will tell the child. I believe he will also be very willing," the old Godfather said.

"Just like this, Vito, we have a chance to talk again."

"Have a chance to talk."

Hanging up the phone, the old Godfather smiled. He understood the thoughts of these politicians. Some time ago, the newspaper said that a congressman suggested that soldiers sacrificed a lot in this war and paid a lot, and they should be taken care of by the state.

Although Congress did not approve the requested funding, public opinion agreed with this statement and also mentioned that local governments should have appropriate policies for military personnel.

This is political correctness.

Zheng Chou couldn't find the opportunity. Seeing that the TV factory was doing something beneficial to the soldiers, these politicians immediately posted it.

But this is only good for the TV factory and no harm.

And he can also gain a favor.

This kind of favor will be repaid in the future. When he has something to call the other party, it will be difficult for the other party to refuse.

These are actually nothing to the old Godfather. He is happy now, more because of his son's success.

He was relieved for his son's success.

The next day.

The New York Times issued a report.

New York's MEBO Television Company launched an interest-free loan with $0 down payment discount activity for soldiers to purchase TV sets. This activity was carried out with the support of the New York City government in order to commend those soldiers who have made contributions to the country.

At the same time, newspapers also praised New York's MEBO TV Company's approach, encouraging more companies to make such moves to take care of military personnel.

Hardy smiled slightly after reading the newspaper.

The sense of smell of these politicians is really sharp.

The hotness of Chiguoguo.

Put gold on your face.

Get a political achievement without spending a penny.

However, this report is also beneficial to MEBO. There are more people who go to Citibank to apply for loans to buy TV sets, and a large proportion of them are military personnel.

How many Americans were there in World War II?

According to statistics, more than 12.5 million people.

The death toll did not exceed 300,000. That is to say, the remaining 12 million people are all the strong labor of this country, the main force supporting the country in the future, and the main force of the family.

If these people become their customers.

What a huge consumer group this will be.

To engage in this activity, at least the MEBO brand has established a reputation among this group, which will be of great benefit to the future development of the business.

Also because of this article, more people went to the bank to apply for a loan to buy a TV. The next day there was an incident. After statistics, there were more than 5,000 people.

And based on the feedback from other places, some people in other cities also ran to the Citibank sales department and asked them when the city would engage in this activity.

Mike found Hardy again.

"Hardy, I want to expand production!"

Hardy was taken aback.

"Didn't we discuss this the day before yesterday? I agreed with you on the new production line," Hardy wondered why Mike came to talk about this issue again.

Mike shook his head.

"The scale I want to expand this time is much larger than what I discussed the day before yesterday. I hope to build an enterprise with an annual output of 400,000 TV sets," Mike said.

Hardy was taken aback.

400,000 units.

It is ten times the current scale.

"Do you believe in the future development of the TV industry?" Mike asked.

"Of course I believe," Hardy nodded.

He even knew that because of the rise of the TV industry in the future, even the squeezed film industry was gradually shrinking, and later many big film companies were struggling.

In the ten years after World War II, the number of television sets in the United States surged from about 1 million sets to 10 million sets. In the following ten years, in 1965, television sets became even more popular, and 30 million households had television sets.

There is no doubt that the TV industry will be a high-explosive and high-profit industry in the next 20 years.

"I also believe that we need to increase production capacity. I have already talked to the management of Citibank on the phone. They are also optimistic about the future of the TV industry and are willing to lend us a loan. Now they have agreed to an amount of $6 million."

Hardy was also surprised.

$6,000,000.

Citibank is so generous.

It seems that they are very optimistic about this industry.

"I have already thought about it. I plan to launch eight 14-inch production lines. At least in recent years, 14-inch production lines are still the mainstream, and then six 17-inch production lines and two 19-inch production lines will be launched."

When he discussed increasing production with Mike before, he talked about the cost of the production line. A 14-inch production line costs about $500,000, a 17-inch production line costs $800,000, and a 19-inch production line costs $1 million.

Hardy did a mental calculation. According to the figure reported by Mike, the total cost will reach $10.8 million, and the bank loan of $6 million is not enough.

Mike has his own ideas.

"Hardy, I plan to start negotiations with the company that makes the assembly line. One is to reduce the cost. If we order so many assembly lines, at least let them reduce the price by more than 10%.

There is also installment payment. I plan to pay them a 30% deposit first, then pay 20% of the funds after the completion and acceptance, and the next 50% will be paid off in three years. Of course, the interest payment will be calculated based on the bank interest."

Hardy found that Mike's approach was very smart, which was equivalent to asking the assembly line company to give them a second loan.

At that time, the TV company began to make profits and naturally had the ability to repay. I have to admit that Mike's great courage is worthy of being the second-generation godfather, and he has also shown amazing courage in business.

"Okay, I agree!" Hardy said.

Mike smiled.

The support of the partners is the greatest support to him, and he is now more confident in doing this.

"Hardy, I plan to divide into two factories. From now on, our TV sets will be sold throughout the United States. If they are all produced in New York, transportation will be a big problem. Sales."

"I will send the management team and technicians over. You don't need to worry about these. You only need to be responsible for the safety of the factory."

Hardy smiled, "I'm good at security matters. Don't forget that I have HD Security."

In fact, Mike was talking about gangsters, and Hardy also knew what Mike meant, but he deliberately referred to HD Security because they were a regular company.

Mike also laughed after hearing Hardy's words.

The two talked about some details. Mike has investigated. There is also a TV production company in Los Angeles. If it is suitable, he is going to buy it directly. This will be much faster than building it by himself and will get a group of skilled workers.

When the two were talking, Hardy looked at his watch. Mike looked at Hardy and knew that he might have something, and asked, "Are you busy with something?"

"My film company's publicity team is in New York today. I am going to pick up the plane. They will have a performance in New York to promote the film I invested in," Hardy said.

"Is there anything I can help with?" Mike asked, after all, he is the landlord here.

"Not for the time being. The promotional activities have been outsourced to MGM. They have already arranged, signed a contract with a performance company in New York, and have a performance event on Broadway," Hardy said.

Mike looked at the time. "I'm fine now. I will accompany you to pick up the plane."

"Does it fit?"

"Nothing inappropriate." Mike curled his lips.

The two went to New York Airport in the same car. When they were waiting for someone, they had been talking about the details of building the factory, and Hardy knew what Mike was chasing after.

It turned out that the topic just now was not finished