There is an interesting article in this months FSB (Fortune's Small Business)magazine on Mr. Mag and the $70 million dollars he has spent on lawsuits to protect his patents thus far.
In a release, the company estimates it will spend $80 million for its new headquarters. With the new facilities, Mag Instruments is also planning to roll out new products to expand from its core, $250 million flashlight business. Maglica declined to discuss the new product lines, citing competitive concerns.
Once complete, Maglica said the company will employ 2,400 in Ontario with a total economic impact of $1 billion annually
M@g article...
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