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The Gazelle Is Back!!!
Thomas J. Depping Drinking Coca Cola in his Sierra Cities office Registered for the October 27th Equipment Leasing Association Conference in Palm Desert, California: Mr. Thomas J. Depping MAIN STREET INVESTMENT PARTNERS Mr. Robert H. Quinn, Jr. MAIN STREET INVESTMENT PARTNERS Quinn was Depping's right hand man as they built up Sierra Cities which was eventually sold to American Express.
Thomas J. Depping Looking at Houston from his Sierra Cities office In the Leasing News article: “On the block with a hoped sale date before October 1, 2000, this company joined Leasing News "list" due to its Second Quarter loss and the many rumors from reliable sources that the company is about to be sold. Chairman Tom Depping has told his employees there will be an announcement before September 30th. “Reportedly the man who originated the First Sierra concept was Bob Quinn, not Tom Depping. Bob Quinn approached Tom Depping in 1993 after Denrich was purchased by ATT Capital in December, 1992. Bob did not feel ATT was dedicated to their Private Label Program so he approached Tom Depping as an old friend and business acquaintance about forming a new company to do nothing but Private Label. (allowing another to use their name on your contract along with other “privileges.”) “From that meeting in 1993 to April 1994, Tom Depping sold some movers and shakers in Houston to raise the capital to start First Sierra. When Bob Quinn left ATT in May, 1994, he and Tom along with Fred Van Etten, Pete Smith and Sandy Ho actually began the operations at First Sierra. " ‘SierraCities.com (NASDAQ:BTOB) has harnessed the power of the Internet to create a totally new way for small business owners to get the funding they need. The leader in online banking and financing, we've automated the funding process to offer quick and convenient access to loans, leases, and a full range of comprehensive banking services. Since 1994, SierraCities.com has funded over $2.5 billion in small business loans.'" The above quote was from their web site. For the full story about Thomas J. Depping and Sierra Cities, please go to: http://www.leasingnews.org/articles.doc/newsletter3.htm For the full story of the $20 million law suit against RW Professional Leasing and their role with Sierra Cities, the private label debacle, “Take the Money and Run,” please go here: http://www.leasingnews.org/Conscious-Top%20Stories/moneyandrun1.htm (parts II, III, and the up-date are included ) Thomas J. Depping at his Sierra Cities office in Houston Gazelle---that is the word he used to describe himself in his letter of resignation to employees ( that he was going out like a Gazelle. He told the parable, which is on several motivational posters, about the lion and the gazelle both co-existing in the same jungle, and how each start each morning running, either to eat or avoid being eaten.
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