Lawrence Guinness’s Summary
Lawrence A. Guinness, founder of Guinness Telli*Phone Corporation has served as a member of Telli's board of directors since its founding. He has devoted most of his adult life to various ventures in the publishing business.
In 1967, with $300,000 in private funding, Lawrence founded Guinness Publishing Ltd., Toronto, Canada, that published the first full-color educational textbooks for the elementary school curriculum.
In 1969, with $500,000 obtained from a New York venture capital firm, Lawrence founded Guinness Publishing Ltd., New York, to publish educational textbooks for the entire North American marketplace. In addition to producing and marketing its own successful publications, the company authored material, under contract, for American Book Company, a division of Litton Industries. In 1979, he sold his publication rights to finance the development of interactive computer educational programs and networked media software systems.
From 1980 to 1988, using $1,000,000 of his own funds and an additional $5,000,000 raised from various private sources, he founded Guinness Productions, Inc., to develop various computer software programs and authoring systems, and Guinness Computer Television Corporation to develop a computer networking navigational system and search engine to manage the programs and software tools created by Guinness Productions.
The materials, products, and computer software programs developed since 1980 were incorporated and integrated into Guinness Telli*Phone Corporation and development continued with an additional $5 million in capital he raised from private sources. In 1994 Mr. Guinness prepared and filed a Form 10 with the U.S. Securities and Exchange Commission and Guinness Telli*Phone Corporation became a public company now trading on the OTC under the symbol TELI.
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