Marketing Genius
Riverside, California
Create, Design, Coordinate convention/trade shows
marketing calls, remarketing assets/website
Send resume: Dreynolds@a-zresources.com
www.a-zresources.com
A-Z Resources captive affiliate to a major business distributor founded in 1975,
join our staff, generating over $120 million in combined sales.
|
Friday, April 1, 2011
Share Leasing News
Today's Equipment Leasing Headlines
Classified Ads---Asset Management/Collections
ELFA Says “No More Evergreen Leases”
Dwight Galloway to head GE Capital
Crit DeMent Resigns LEAF, joins Monastery
Steve Geller Kidnapped!
Lease Police Sold to Paynet
Steve Crane Completes Kona Ironman World Championship
Funders Allegedly Perpetuated Ponzi Scheme
by Christopher Menkin
Classified Ads---Help Wanted
Top Independent Leasing Companies by Monitor magazine
Charlie Chan Saying…
US Bank Manifest More Cut Offs
Merchant Cash Advance in California
Certified Copy/Source Code
Movie/DVD Reviews by Fernando Croce
Trong Legacy/Father of My children/Ten Commandments
March Credit Managers’ Index Bowed by World Events
--- and Lurking Inflation
Baldwin Park, Los Angeles, CA---Adopt-a-Dog
News Briefs---
ILFC gets $1.3 billion loan commitment
Former bank chairman indicted in federal court
Outlook Positive for Office Imaging Industry in 2011
SunTrust repays TARP; bailout of banks in black
Spring fever sends mortgage thermometer up
Crude oil climbs toward $107 per barrel
Hedge Funds that Lagged Paid Richly
Two Contestants Booted from American Idol
Broker/Funder/Industry Lists |
Features (collection)
Top Ten Stories Chosen by Readers |
Top Stories last six months
12 Dumbest Business Ideas of All Time (That Made Millions)
You May have Missed---
Sports Briefs---
California Nuts Brief---
"Gimme that Wine"
This Day in American History
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live----
######## surrounding the article denotes it is a “press release”
and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.
[headlines]
--------------------------------------------------------------
Classified Ads---Asset Management/Collections
(These ads are “free” to those seeking employment
or looking to improve their position)
Minneapolis, MN
16 years leasing experience from micro to large ticket market, variety of equipment. Most recently calling on vendor telecom dealers in Upper Midwest.
golfadm@yahoo.com |
Santa Barbara CA (will relocate)
Experienced Asset Manager of various portfolio's for a bank, broker and leasing company. Utilized specialized remarketing companies to maximize collateral values. Worked remote two years.
geoff.taylor@verizon.net | Resume
| Reference 1 | Reference 2 |
Seattle, WA
16 years experience small-ticket market; collections management, bankruptcy, litigation; strong vendor network; CLP Certification 2000- Pinnacle Capital since 2003, previously Irwin Business Finance, Financial Pacific westongerry@gmail.com| Resume
|
Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm
All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
[headlines]
--------------------------------------------------------------
ELFA Says “No More Evergreen Leases”
Reversing a long time trend of supporting “Evergreen Leases” not requiring notification to the lessee of the expiring term of the lease and option to purchase, the Equipment Leasing and Finance Association has reversed its long time standing and supports legislation to inform lessees by certified mail or express mail or UPS or Federal Express signature required document.
Long Time State Legislative Advocate Dennis Brown has re-enlisted in the U.S. Army, given rank of Chief Staff Sergeant, and his first assignment is North Korea, where it is reported he is headed to support a Nuclear Reactor program, with the first to be built for the North Korean President's Compound.
At the same time, ELFA Chief Operating Officer is joining U2 star “Bono” for a world tour, playing first guitar. He leaves next Wednesday.
[headlines]
--------------------------------------------------------------
Dwight Galloway to head GE Capital
Jeffrey R. Immelt, CEO and Chairman of General Electric has named Dwight Galloway, Columbia, South Carolina to president of GE Capital.
“Dwight is the brightest person in leasing and that alone makes him perfect to bring more profitability to our leasing and financing, not just for GE products, but for green emission vehicles and tanning booths.”
Galloway said he was speechless, and his first act was to get a tan and report for work on Monday.
People in the industry were speechless, including his long time friend Paul Menzel, CLP, who almost had a heart attack upon hearing the news that Galloway had nothing to say.
[headlines]
--------------------------------------------------------------
Crit DeMent Resigns LEAF, joins Monastery
Long time LEAF Financial CEO Crit DeMent said he had enough with leasing, and wanted to be where there would be a lot of silence. He joined the Jesuit Order of Tombstone, Arizona.
[headlines]
--------------------------------------------------------------
Steve Geller Kidnapped!
This is not an internet fraud, as Steve Geller, Leasing Solutions, was kidnapped, and his wife of 41 years received a ransom note for $100,000. She originally thought she was to get $100,000 for getting him back home, but when she heard she had to pay it, said she wouldn’t pay more than fifty bucks, final!
Geller friends are taking up a collection. So far they have raised twelve dollars and twenty-four cents.
[headlines]
--------------------------------------------------------------
Lease Police Sold to Paynet
Bernie Boettingheimer, CLP, President of Lease Police, reports he has sold his company to PayNet, as he has accepted an offer from the Dallas Mavericks as Assistant Coach.
"They need me more than the leasing industry,” he said. "I was pretty good in basketball when I was younger. I was sitting next to Jerry Jones at one of the games and Don Carter came up to say hello to him, then he introduced me and added that Carter should get me as an assistant coach.
"Well, someone has to help them out, “Boettingheimer explained. "And they need a lot of help!"
[headlines]
--------------------------------------------------------------
Steve Crane Completes Kona Ironman World Championship
Steve with his Bank of the West bear
Steve Crane, CLP, Vice-President and Marketing Manager of Indirect Equipment Leasing Originations at Bank of the West completed the 140.6 miles Ford Ironman Championship in Kona, Hawaii.
One of the 1,800 who qualified, Crane finished 1,799 in the 2.4 miles of swimming, 112-miles of biking, and a 26.2-mile marathon run through tough ocean waves, and challenging lava-covered terrain.
He said he could not have done it without the help of his personal trainer Doug Hatch.
Steve's wife Cheryl said, “I always new he was an athlete and that's why I married him."
Thier sons Alex and Ryan finished number 41 and 42.
[headlines]
--------------------------------------------------------------
Funders Allegedly Perpetuated Ponzi Scheme
by Christopher Menkin
This definitely could be an April Fool's story, but it is not! The law firm of Howard, Lowell, and Wexler in New York City has filed a $700,000 claim on behalf of their three clients, Cobalt Investments, LLC, Dragga, LLC, and Real Estate Network, Inc. Profit Sharing Plan who made an investment into HL Leasing, Inc., Fresno alleging a "Ponzi scam" perpetuated by the funding sources for Heritage Leasing and Otto’s other leasing entities. Supposedly Otto was buying American Express Equipment leases from Key Equipment Finance, and using investors money for the purchase, and was being supported by the funding sources of his other companies.
What makes it even more sound like an April Fool’s joke is the naming of leasing companies no longer active such as ((New Era Funding Corp., Centerpoint Financial Services, First Sierra Financial, and perhaps Commercial Equipment Lease Corp.) Also named were Belvedere Equipment Finance Corporation, Financial Pacific, and Pentech Financial Services, reportedly in a wind down mode. While none of them funded any leases for HL Leasing, they did for John Otto’s other companies, and thus the reason for the law suit, the law firm claims.
It is interesting to note that there are many other companies that funded leases for John Otto's companies who were not named, although their names easily obtainable by a UCC Search, and also named are companies no longer active. Seems the law firm did not do their home work.
The law firm of Howard, Lowell, and Wexler was contacted as there other questions, including a response to attorney Tom McCurnin’s observation, who read the complaint. The law firm did not return telephone calls or email.
The basis of the suit:
"90. By continuing to lend money to Otto, MAC, Heritage and HL Leasing, Regency Bank and Palm Springs Savings Bank gave further substantial assistance to the MAC defendants enabling them to stay afloat and to continue to solicit loan funds from investors in furtherance of their scheme.
91. Upon information and belief, defendants New Era Funding Corp., Commercial Equipment Lease Corp., Centerpoint Financial Services, Financial Pacific Leasing, LLC, First Sierra Financial, Inc. and Belvedere Equipment Finance Corp., in providing funding to Otto, MAC, HL Leasing and Heritage, also had actual knowledge of the fraudulent scheme. One or more of the foregoing defendants, including Centerpoint, had such knowledge by virtue of the fact that they were owned or controlled by Otto. The remaining entities necessarily gained such knowledge in the same manner as Regency Bank and Palm Springs Savings Bank, as described above.
92. Upon information and belief, defendants New Era Funding Corp., Commercial Equipment Lease Corp., Centerpoint Financial Services, Financial Pacific Leasing, LLC, First Sierra Financial, Inc. and Belvedere Equipment Finance Corp., provided substantial assistance to the MAC defendants in carrying out their fraudulent scheme, in the same manner set forth in paragraph 90 above.
93. In addition, upon information and belief, Centerpoint, Pentech, and such other defendants as were owned or controlled by Otto, and thus had knowledge of the fraud, provided substantial assistance in carrying out the fraud through their receipt of funds loaned by the defrauded investors. (1)"
Leasing News contacted several leasing attorneys to first learn if this was a "class action suit;" it isn't.
One commented, "Under their theory, Staples should be named since they assisted them by selling them all the paper on which they perpetrated their frauds."
Tom McCurnin, Barton, Klugman & Oetting, Los Angeles, California, upon reading the complaint, told Leasing News:
“This second claim for relief of this suit for conspiracy is novel in that it seeks to impose liability on HL Leasing & Otto’s other lenders and creditors, such as local banks, on the theory that they had, or should have had, superior knowledge sufficient to spot the fraud and thus perpetuated the fraud.
“Absent actual knowledge on the part of the banks and other lenders, I don't see liability on the part of those banks and lenders. Indeed, the same the thing could be said about some of the late investors, whose 'investments' had the effect of perpetuating the HL fraud.
"Other than Otto's companies, principals and perhaps his widow, I don't see that these allegations have very long legs, and while I admire the creativity of counsel, I strongly disapprove of the ethics of naming innocent lenders, whose only crime was to loan money to Otto's enterprises without any allegation of actual knowledge of the fraud.
"The only allegations are on 'information and belief' in paragraph 87. The allegations against the banks and other creditors should be tossed out quickly on the basis of the case Casey v. U.S. Bank, 127 Cal.App.4th 1138 (2005) which requires pleading actual knowledge with specificity as to who knew what and when they knew it."
Leasing News asked the defendants for a comment, but received only one response, from Paul Menzel, CLP, Financial Pacific, Federal Way, Washington:
"Although we have not yet been served, I cannot understand why FPL would be included in this complaint except that the plaintiffs are mistaken and misinformed. As to Financial Pacific Leasing, the suit is totally without merit."
Leasing News did a UCC search on HL Leasing in May, 2009. There was a very short period he did less than a dozen through HL Leasing---again not licensed as a California Finance Lender, although Heritage was (the department of corporation requires a yearly form to be completed including financial information as well as conducts audits, so it is obvious why Otto never licensed HL Leasing in California.)
According to interviews with ex-employees in May and June of 2009, no one had the knowledge for what was going on in the leasing industry until Leasing News broke the story before John Otto took his life. Rich Gatelli was the sales manager for Heritage and had no knowledge, as did other executives Leasing News spoke with. All the bookkeeping was done in Otto's home in the Palm Desert area in Southern California, but marketing out of Fresno, located in Central California. And HL was both a separate corporation and operation. Otto always gave everyone the impression he was a man with a lot of money---and perhaps he was, but it now appears it was other people's money----many who lost their retirement, were forced to sell their home, and were deeply hurt financially as they had faith in what John Otto had told them about their investment in HL Leasing.
Previous Stories:
http://www.leasingnews.org/Conscious-Top%20Stories/heritage_leasing.htm
[headlines]
--------------------------------------------------------------
Leasing Industry Help Wanted
Marketing Genius
Riverside, California
Create, Design, Coordinate convention/trade shows
marketing calls, remarketing assets/website
Send resume: Dreynolds@a-zresources.com
www.a-zresources.com
A-Z Resources captive affiliate to a major business distributor founded in 1975,
join our staff, generating over $120 million in combined sales.
|
Documentation Administrator
Los Angeles, CA
Mininum two years experience, competitive salary,
plus benefits, click here for more information
www.julesandassociates.com
Jules and Associates, Inc. has been
in
business for over 20 years.
|
Please see our Job Wanted section for possible new employees.
[headlines]
--------------------------------------------------------------
Top Independent Leasing Companies by Monitor magazine
by Christopher Menkin
GreatAmerica Leasing Corporation, Cedar Rapids, Iowa, was named the largest U.S. private independent leasing company in the March/April issue of Monitor Leasing News.
According to the GreatAmerica press release, “Monitor Leasing News (www.monitordaily.com), the leading publication for the leasing industry, polled the top twenty leasing companies. Between 2009 and 2010, GreatAmerica grew by over 14%; the average growth of the aggregate group was 3.3%. GreatAmerica currently has over $1.16 billion in assets.”
Monitor Magazine lists twenty companies in this category. Here are the top ten, according to their survey:
1--Great America Leasing Corp.
2--CSI Leasing
3--ICON Capital Corp.
4--First national Capital Corp.
5--Somerset Capital Group
6-First American Equipment Finance
7-Financial Pacific Leasing
8-Jules and Associates
9-CCA Financial
10-Translease
The rating by Monitor magazine was “New Business Volume” noting Great America at $516.2 million and CSI Leasing at $511.1 million.
The current asset reported in the GreatAmerica press release was $1.16 billion. Leasing News was told “…shareholder’s equity and net income is private.”
According to CSI Leasing web site, their 2010 year-end assets was $1.198 billion, shareholders equipment $163 million and net income was up from $16.4 million to $19 million year-end 2010.|
http://www.csileasing.com/financials.html
Not on the list was ATEL Capital Group, San Francisco, California, that would certainly qualify, although Leasing News does not have them on the "Funder A" list as it comprises to those who responded to the Leasing News form (First the company must qualify as a funder as many in the industry say they are "direct lenders" or "funders" and they are not. In addition, questions such as being licenses or requiring licenses and other information must be confirmed to meet the response).
It appears ATEL does not want to divulge there volume information, although all funds would be listed with the U.S. Securities and Exchange Commission with file 10Qs and Ks, as well as with the California Department of Corporation for their various Finance Lender's Law licenses.
In the case of ATEL Capital and ICON Capital, ICON does not own these assets and is only the manager. ATEL does not own MOST of these assets, as it is reported they have completed some money over transaction on their own account. They are both definitely independents.
Perhaps an in depth report on Atel Capital Group will be presented by Leasing News in the near future.
Here is "Funder List 'A', followed by a link to "Funder List 'B'," those that did not respond, but appear to be "true funders," most bank or bank related type companies as per their web site.
Name
In Business Since
Contact
Website
Leasing Association
|
|
|
|
|
|
|
|
|
|
GE Commercial Finance
Commercial Equipment Financing
2002 (Division created)
44 Old Ridgebury Road
Danbury, CT 06810
800-474-2704
contacts, please click here
www.cefcorp.com
ELFA & NAELB |
|
(30 Countries) |
$10,000 to $50MM
Territory: the world and moon |
|
N/R |
N/R |
N/R |
N/R |
N/R |
CIT Group
1908
Angela Feaster
Global Hq: NYC
angela.feaster@cit.com
480.379.3454
www.cit.com
ELFA |
4,800 |
North America, Europe, Latin America, the Pacific Rim. |
$5,000 to $100MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Key Equipment Finance
an affiliate of KeyCorp (NYSE: KEY)
1974
www.kefonline.com
ELFA |
1,100 |
Worldwide |
|
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
700 |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
335 |
Nationwide |
$3,000 to $75,000 |
|
Y |
N |
N |
Y |
Y |
|
234 |
Nationwide |
$1,000 - $185,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
200 |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Bank of the West, Indirect Leasing Group
1972
Steve Crane, CLP, Vice President & Marketing Manager
scrane@bankofthewest.com
888.244.0551 ext. 3899
800.473.9878 - Fax
www.bankofthewest.com
ELFA, NAELB, NEFA
(P) |
180 |
National |
$20,000 to $2 million |
|
Y
|
Y |
N |
Y |
Y |
|
165 |
Nationwide |
$10,000 + |
|
Y |
Y
in CA |
N |
Y |
Y |
|
130 |
Nationwide |
$5,000 - $50,000 |
|
Y |
Y |
Y |
Y |
Y |
|
100 |
Nationwide |
$100,000 -
$3 MM
|
|
Y |
N |
Y |
N |
Y |
|
100 |
|
|
BBB |
Y |
Y |
N |
Y |
Y
Mfg. |
|
90 |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Stearns Bank
Equipment Finance Division
1976
Diane Notch, SVP Marketing
888-320-2899
www.stearns-bank.com |
87 |
National |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
PNC Equipment Finance, LLC
1982
800.762.6260
Terry Begley, President
412.768.0543
terry.begley@pnc.com
ELFA |
75 |
National |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
65+ |
National |
$50,000 - $1,000,000 per schedule |
|
Y |
Y |
Y |
Y |
N |
|
65 |
National |
$100,000 - $5,000,000 |
|
Y |
N |
N |
N |
Y |
|
55 |
Nationwide |
$10,000
|
|
Y |
Y |
N |
N |
Y |
|
50+
US based
|
US, Europe,
South America |
$250,000+ |
|
Y |
N |
N |
Y |
Y |
|
50 |
USA |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
45 |
Nationwide |
$1,000 - $30,000
|
|
Y |
Y |
N* |
Y |
N |
|
45 |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
40 |
National |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
40 |
Primarily California |
Full credit packages up to $1.5MM |
|
Y |
Y |
Y |
Y |
N |
|
38 |
USA |
$10,000.00 - Unlimited |
|
Y |
N |
N |
N |
Y |
|
38 |
US except: Alaska, Arkansas & Louisiana |
$5,000 - $150,000,000 |
|
N |
N |
N |
N |
Y |
1st Heritage Bank, NA
1998
Matt Rogers
714.504.8500
or
949.222.7124
www.fhbankna.com
N/R ( FF) |
35
(2000+ Bank) |
California and Southwest US |
$1MM - $50MM Warehouse Line of Credit |
|
N |
N |
N |
N |
N |
|
35 |
Nationwide |
$3,000.00 - $500,000.00 |
|
|
|
Y |
Y |
Y |
|
33 |
N/R |
$5,000 to $1MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
32 |
Southeast/Midwest |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
31 |
Eastern US |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
30 |
Contential US |
$25,00-$300,000 |
|
Y |
Y |
N |
N |
Y |
|
28 |
National |
$10,000
(most clients are doing
monthly or quarterly schedules) |
|
Y |
Y |
N |
N |
Y |
|
27 |
U.S., Canada, Puerto Rico |
$10,000 to $450,000, Vehicles: Unlimited |
|
Y |
N |
N |
Y |
Y |
|
26 |
48 contiguous states |
App Only up to $150,000. |
CNI (b)
CNI (a) |
Y |
N |
N |
Y |
Y |
|
25 |
United States |
$100K to $5MM |
|
Y |
N |
N |
Y |
Y |
Meridian Healthcare Finance
1997
Jim Irwin
President / CEO
858.200.2080
jirwin@meridianchf.com
Mike Pestrak
Business Developement Officer
858.200.2088
mpestrak@meridianchf.com
Chip Scoggins
Business Developement Officer
214.733.8332
cscoggins@meridianchf.com
877.220.0033
858.200.2051
www.meridianchf.com
UAEL
(U) |
25 |
Nationwide |
$500,000 to $4MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
21 |
TX, IL, TN, LA, FL, KS, MO, CO, WI |
$5,000 to $2,000,000 |
|
N |
N |
N |
N |
Y |
|
20 |
Nationwide |
$10,000 - $1,000,000 |
|
Y |
N |
Y |
N |
Y |
|
20 |
|
|
|
|
|
|
|
|
Studebaker-Worthington Leasing Corp.
2001
(2008, purchased by Main Street Bank, Texas, from State Bancorp , company started 1965)
Omar Diaz
800.645.7242 x 521
odiaz@studebaker.com
www.studebaker.com
EAEL & ELFA ( HH) |
20 |
Nationwide |
$10,000 to $5,000,000 |
|
Y |
Y |
Y |
N |
Y |
|
20 |
National |
|
|
Y |
* |
* |
* |
* |
|
19 |
Continental
USA |
$100,000 to $750,000 |
|
Y |
N/R |
N/R |
N/R |
Y |
Chesapeake Industrial Leasing Co.,Inc.
9512 Harford Road
Baltimore, MD 21234
Contact: Taylor Brazzon
taylor@cilc.com
410-661-5000x125
www.clic.com
NEFA (BBB) |
18 |
East Coast |
$10,000 to $1 million |
|
Y |
N |
Y |
N |
Y |
|
18 |
Nationwide |
$5,000 min. |
|
Y |
N |
N |
N |
N |
|
18 |
Nationwide |
$15,000 to $1.5MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
16 |
National |
$5,000 to $500,000 |
|
Y |
N |
N |
Y |
N |
|
15 |
N/R |
$5,000 to $500,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
15 |
US and Canada |
$50,000 to $3MM |
|
Y |
Y |
N |
N |
Y |
|
14 |
N/R |
$10,000 to $5MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
14 |
Nationwide |
Minimum
$100,000 |
|
Y |
N |
N |
N |
Y |
|
13 |
National |
$5,000 |
|
Y |
Y |
N |
N |
Y |
|
12 |
Nationwide |
$20,000 - $150,000 |
|
Y |
N |
N |
Y |
Y |
|
12 |
National |
$100,000 to $1,500,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
12 |
National |
$5,000+
|
|
Y |
N |
N |
Y |
Y |
|
12 |
CA, ID, MT, OR, WA |
$20,000 - $400,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
11 |
Louisiana/Texas |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
TEAM Funding Solutions
1992
Ted Reynolds – Owner and President
Jeff Deskins - Credit Manager
Lynn Smith - Broker Development Manager 888-457-6700 x115,
App Submittal
Martin Lacayo - Broker Development Manager 888-457-6700 x106,
App Submittal
Mike Wright - Broker Development Manager 888-457-6700 x108,
App Submittal
Stephen Stuesser – CFO
Jessica Green - Marketing and Relationships Manager, 888-457-6700 x109, Enrollment
Fax: 512-258-2322
512.692.0500 fax
www.teamfundingsolutions.comELFA, NAELB, NEFA (YY) |
11 |
|
|
|
Y |
N/R |
N/R |
N/R |
N/R |
|
10 |
Western States |
$15K
Minimum |
|
Y |
Y |
N |
N |
Y |
|
10 |
United States |
$75,000 Min. $175,000 average transaction |
|
Y |
Y |
N |
Y |
N |
Mar Vista Financial
Jamie Chisick-President
714-922-0576
Gina Allen-V.P
714-408-1914
Denise-Funding Coordinator
714-408-1938
Cyndi-Underwriter
714-408-1931
Aaron Brown
Sr. Account Manager
Mar Vista Financial
Aaron@marvistafinancial.com
714-631-3133 (Direct)
www.marvistafinancial.com
NAELB
(note)
|
10 |
|
|
|
Y |
N |
Y |
N |
N |
|
9 |
Nationwide, including Alaska & Hawaii |
*up to $500,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Baycap, Inc.
(affliate of Beach Business Bank)
2003
Todd Sheets
310.994.9900
www.baycapinc.net
ELFA, NAELB & UAEL |
9 |
National |
$10,000 to $1,000,000 |
|
Y |
N |
N |
N |
Y |
Dakota Financial
2001
Mae Philpott
mae@dakotafin.com
310.696.3030 x122
fax 310.696.3035
www.dakotafinancial.com
NAELB, NEFA
|
9 |
Nationwide |
$10,000 to $1MM |
|
Y |
N |
Y |
N |
N |
|
8 |
Nationwide (except LA, AR & AK) |
$50,000 to $2,000,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
8 |
N/R |
N/R |
no BBB for this location |
N/R |
N/R |
N/R |
N/R |
N/R |
|
7 |
US Canada |
$50,000 - $3MM
$250,000 average transaction |
|
N/R |
N/R |
N/R |
N/R |
N/R |
C Leasing Company
(a subsidiary of Bank of the West, El Paso, Texas, Year 2000)
1983
Jackson V. Curlin, President
JVCurlin@cleasing.com
A. Ray Sillas, CLP. Vice President
rsillas@cleasing.com
915.599.3965
www.cleasing.com
UAEL |
7 |
National |
$20,000 to $10MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
7 employees
(65 bank) |
United States |
$50,000 to $22,000,000 |
|
N |
N |
N |
N |
N |
|
7 |
Nationwide |
$50,000 - $1.5 million (Our average size transaction is $250,000. Preferred range $100,000 - $500,000) |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Main Street Bank Leasing
1984/2004
281.348.2000
www.msnbank.com
EAEL, ELFA & UAEL |
7 |
N/R |
$10,000 to $1MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
USXL
(2008 became a part of the Tygris Group)
(US Express Leasing)
2004
US Express Leasing
ELFA
|
7 |
National |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
6 (345 Bank) |
National |
$250,000 - $5,000,000
Aver. $500-$750,000 |
|
Y |
* |
N |
N |
Y |
American Leasefund, Inc.
1999
Tom Davis
tom@alclease.com
800.644.1182 - PH
503.244.0845 -
www.americanlf.com
UAEL |
6 |
Idaho, Montana, Oregon & Washington |
$5,000 - $50,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
6 |
50 states |
$25,000 + |
|
|
Y |
N |
N |
N |
|
6 |
Nationwide |
$50,000 - $1MM
$250,000 average transaction. |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
5 |
26 states. |
$50,000 - $450,000 |
|
Y |
N |
Y |
N |
N |
|
5 |
U.S. |
$50,000 - $1,000,000
(Master Lease) |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
5
(350 bank) |
Nationwide |
$50,000 - $10,000,000 |
|
N |
N |
N |
N |
N |
|
5 in leasing department
(50 in bank division) |
48 States |
$15,000 - 1.8 million
Typically
$100,000 - 1.8 million |
|
Y |
N |
N |
N |
N |
|
5 |
National |
$35,000 to $500,000 |
|
Y |
N |
Y |
Y |
Y |
|
5 |
National |
$10,000 to $250,000
avg: $50,000 |
|
N |
N/A |
N |
N |
N |
|
5 |
National |
$5,000 to $50,000 (prefer 10-30K) |
|
Y |
N |
N |
N |
N |
|
5 |
National |
$10,000 minimum |
|
Y |
N
* |
Y
* |
N
* |
N |
|
4 |
United States |
$10,000 min. |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
4 |
Western States |
$5,000 to $5,000,000 |
|
Y |
N/R |
N/R |
N/R |
N/R |
Mesa Leasing, Inc.
1999
Jeff Macdonald
858-541-1002
mesa-jeff@dslextreme.com www.mesaleasing.com |
4 |
California |
$10,000 to $100,000 |
|
Y |
Y |
Y |
N |
N |
Allegheny Valley
Bank Leasing
Pittsburgh, Pennyslyvania
Paul M. Poljak, Managing Director
PPoljak@avbpgh.com
P. 412.781.1465
C. 412.475.1727
www.avbpgh.com
(click here for further description)
|
2 (plus bank assistance) |
PA, OH, WV, MD, Western NY |
$5K to $50K
"
app only"
Over $50k to $3M full financials |
|
Y |
N |
N |
Y |
Y |
Name
In Business Since
Contact
Website
Leasing Association
|
|
|
|
|
|
|
|
|
|
Funder List "B"
http://www.leasingnews.org/Funders_Only/Funders_B.htm
Errata: At the National Equipment Finance Association Conference in Scottsdale, Arizona "Meet the News Media," one of the questions asked of the panel was what do you think about just as your are trying to fall asleep at night. Stuart Papavassiliou, Senior Editor of Monitor Magazine, answered, "It is the typo that I just realized, and the edition was going to press as I left the office!"
Stuart must have been thinking about page 27 of the March/April, 2011 edition, "Monitor Top Private Independents." Although the rank is correct, the story is correct, the other charts are correct, the main one with New Business Volume heading is 2009 and 2008. It should be 2010 and 2009.
Leasing News is not one to talk about typo's, but then we are a "quick and dirty" production whereas the Monitor is clean and crisp and extremely well written. Sorry about the typo, Stuart.
[headlines]
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[headlines]
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US Bank Manifest More Cut Offs
by Christopher Menkin
Again, this is not an "April Fool's" story. As Leasing News has been reporting that US Bank Manifest has been pairing down their independent broker marketplace, they did it again. First it was brokers with reported low signing ratio's, then low business volume, then requiring higher business volume, and the next was ending specific programs, followed by equipment types.
It seems it is the end of the first quarter, and a broker notified Leasing News, not wanting to be named, that he was upset with Manifest. He was one of the group with a good business volume and high signing lease ratio, but was told a little over a month again they (Manifest) was cutting several SIC codes and that the broker needed find acceptable industries so that Manifest would continue buying their business.
Manifest reportedly told him they would give them time to bring their volume back up. This particular broker then told Leasing News he spent money on advertising, etc. marketing to acceptable sic codes. And without any further warning were cut yesterday.
I was talking over the telephone with an FBI agent who is in charge of a Southern California office, investigating a person and company who appears in the Leasing News Complaint Bulletin Board, why was he getting so many complaints on advance rentals in his division. He asked was the leasing industry in good shape and what did I know about what was happening.
Normally law enforcement does not get involved with the small ticket marketplace as the dollar amounts are too small to be a higher priority, as well as many involve companies out of state, not a jurisdiction problem, but involving more than one investigator and therefore not as high a priority as other cases and assignments they had. But he said they were getting many more.
I basically told him there were less sources available than two to three years ago, a higher credit criteria, and he wanted to know where these people who were leaving leasing going. Most continue in sales. Some go to work for banks of all sizes as business development officers, some have gone into insurance, cash advance or working capital loans, and from what those who tell us to remove them from the mailing list, also go back to their former occupation that lead them into leasing.
In the last quarter, Leasing News has lost almost 500 email addresses. There are not readers who want to quite reading the news edition or now bookmark the web site, as these are email addresses that are no longer working. About every 60 to 90 days the list is "cleaned-up."
There are many who change email addresses, most going to another company, some to their home. Some also requesting it be sent to their home as well as their business. There were over 300 added during this time period, and many may be those with a new address who did not inform about the change, but it appears they are new subscribers.
In addition, web analysis show more and more going direct rather than through email, particularly from companies who block all "personal" email or regulate email to their employees. Surely, there are those that don’t like Leasing News. One attorney who I saw at a recent National Equipment Finance Association conference, who Barry Marks, Esq. suggested we contact to write more about California Finance Lenders Law, responded by email:
“As much as I like to write and speak for the leasing, banking and finance industries I have not agreed with the way the Leasing News has treated various persons and companies in the past and therefore must decline your offer. Thank you for the opportunity.”
There are many who report improvement in their business, and remain optimistic no matter the earthquakes, floods, and civil wars underway in the world. They advertise in Leasing News, including the Classified Help Wanted.
[headlines]
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Merchant Cash Advance in California
The controversy on whether those involved in merchant cash advance (MCA) in arranging loans continues. It does apply to "capital leases" and the factors Leasing News contacted who are operating in California also are California Finance Lender licensed. They “lend” against invoices, not purchase them.
It would also mean if it is a sale, they would be subject to “use" or “sales tax” in California.
The recent ruling regarding Clark vs. AdvanceMe, Inc. states the view of a Cash Advance being a loan, not a sale, may affect such transactions in other states, according to www.merchantprocessingresource.com (1)
Mark Lorimer, Chief Marketing Officer of AdvanceMe, Inc. told Leasing News:
“This was a vigorously contested, protracted and costly litigation. It has been resolved on terms mutually agreeable to the parties and the settlement agreement prohibits further comment.”
The "Settlement Administrator" at Gilardi & Co. LLC, Corte Madera, California responded with an obvious automated message:
"The Settlement Class includes all persons and entities in California who, between May 29, 2004 and December 13, 2010, obtained an MCA from AMI, signed a personal guaranty of an MCA from AMI, or paid money to AMI on an MCA (either directly or through remittances of credit card receivables).
"If you have an open account with AMI, you need do nothing further to participate – are there any other business names or addresses on the account?
"If you have closed your account, you will need to file a Claim Form, available by request here, calling (888) 289-9842, or visiting www.amisettlement.com
"Regards,
"Claims Administrator"
(1) What's Going on in California?
http://www.merchantprocessingresource.com/apps/blog/show/6566876-what-s-going-on-in-california-
[headlines]
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Fernando's View
By Fernando F. Croce
The masterful drama “Certified Copy” and the tense science-fiction thriller “Source Code” arrive in theaters, while DVD releases offer futuristic visions (“Tron Legacy”), domestic drama (“The Father of My Children”) and that old-time cinematic religion (“The Ten Commandments”).
In theaters:
Certified Copy (IFC Films): Shooting his first film outside his native Iran, the great director Abbas Kiarostami comes up with an engaging, haunting and utterly unique date movie. The story takes place between two people: James Miller (William Shimell), an English novelist, and Elle (Juliette Binoche), the French owner of an antique shop he meets while traveling in Tuscany to promote his new book. He has to catch a train later in the day but she impulsively convinces him to spend an afternoon together, and, as the two strangers drive to a nearby town and share stories and jokes, their own personal backgrounds gradually come to the fore. At times a stylish jigsaw and at other a perceptive, superbly acted comedy, Kiarostami’s one-of-a-kind film is one of the year’s best. With subtitles.
Source Code (Summit Entertainment): Following the underrated “Moon” with this sturdy suspense drama, director Duncan Jones again showcases his ability to craft ingenious sci-fi with modest budgets. The title refers to a top-secret military mission that allows a person to enter somebody else’s consciousness. The latest agent to use this dangerous technique is Colter Stevens (Jake Gyllenhaal), a war veteran who finds himself stuck in limbo, repeatedly living out the last minutes of a man’s life in a train disaster. As the incident replays over and over and more details emerge, Colter grows aware of a larger danger at foot. But will he be able to prevent it and save both the city and himself? Mixing solid characters with white-knuckle thrills, the film often plays like a minimalist version of last year’s “Unstoppable.”
Netflix Tip:
Widely recognized as one of modern cinema’s masters, “Certified Copy” director Abbas Kiarostami has for decades accrued a stylistically innovative and richly human body of work that’s still sadly unknown to many mainstream viewers. Remedy that by visiting Kiarostami’s wonderful earlier films, including “Close-Up” (1990), “A Taste of Cherry” (1997), “The Wind Will Carry Us” (1999) and “Ten” (2002), all of them available at Netflix. |
On DVD:
Tron Legacy (Walt Disney Motion Pictures): The second half of this week's Jeff Bridges double bill finds the versatile actor returning to his role as Kevin Flynn, the arcade specialist who, in 1982's "Tron," found himself trapped inside a dazzling but dangerous video-game world of his own making. Nearly thirty years later, it's his son Sam (Garrett Hedlund) who's teleported to a universe of gladiatorial grids and motorcycle duels, where a computer version of his father rules with an iron hand and an eye towards our world. Taking full advantage of Disney Studios' most cutting-edge technology, director Joseph Kosinski creates some of the most breathtaking uses of 3-D effects yet. Visually striking and brimming with edge-of-your-seat sequences, it's a prime example of digital eye-candy.
The Father of My Children (MPI): Lost amid last year’s sleepers was this gentle and affecting tale of familial love and struggle, now finally making its DVD debut. The movie focus on the travails of the Canvels, a French family that, on the surface, seems to have everything going for it. The father, Gregoire (Louis-do De Lencquesaing) is a movie producer who loves his wife Sylvia (Chiara Caselli) and three young daughters, and who juggles private and professional matters with charming ease. It’s not until tragedy strikes, however, that Canvels’s fragility is revealed, and the strength of their emotional bond is put to the test. Using a light touch with naturalistic performances and powerful emotions, promising director Mia Hansen-Love creates a humanistic drama to stand side by side with “Kramer vs. Kramer.” With subtitles.
The Ten Commandments (Paramount): Hollywood pioneer Cecil B. De Mille was always a firm believer in the rousing power of cinematic spectacle, so it’s only natural for him to end his lengthy career with a movie version of the greatest religious show on Earth. Using the Bible as his screenplay, De Mille tells the Old Testament story of Moses (screen legend Charlton Heston in one of his most iconic roles), who’s divinely inspired to save the Hebrew people from the rule of tyrannical pharaoh Rameses (Yul Brynner) and lead them to the promised land. Though long a staple of TV holiday specials, this classic epic has never looked more vivid than in this special new DVD edition, which makes the vast cast and De Mille’s go-for-broke direction all the more awe-inspiring to audiences old and new.
### Press Release ############################
March Credit Managers’ Index Bowed by World Events
--- and Lurking Inflation
Columbia, Maryland—This month’s news is not so positive as recent world events are rippling through the U.S. economy. For the past several months there had been a consistent feeling of optimism—despite some struggling in the manufacturing sector based on solid sales—and the seeming willingness to increase trade credit. That optimism took a hit this month. There were sharp declines in sales, new credit applications, dollar collections and the amount of credit extended—all the positive factors. The overall favorable index dropped from 64.1 to 62.2.
“This is not exactly catastrophic as the index remains in the 60s,” said Chris Kuehl, PhD, managing director of Armada Corporate Intelligence and economic advisor for the National Association of Credit Management, “but the pace has dramatically slowed and that is hardly what had been anticipated or hoped for.”
There were continued signs of distress in the unfavorable factors, but the decline slowed and that is somewhat better news. The overall sense of the March data is that the U.S. economy is struggling to keep pace with the events in the world that have drastically altered everything from commodity price expectations to sourcing decisions and credit allocation. “It is important to note that the ripple effects of the events in the Middle East and Japan have only started to manifest and will be factors for months to come,” said Kuehl. “The Japanese catastrophe has affected supply chains all over the U.S. and Europe and that has added considerable expense to manufacturers being forced to find new suppliers or wait for weeks to get what they need from the affected region.” The price per barrel of oil has jumped by almost $15 since December and that is now filtering into all sectors of the economy.
The most dramatic change in the CMI data is in the category of dollar collections. The combined index slipped back to levels not seen since November of last year, falling -0.7 from 56.4 to 55.7. All of the gains made in the favorable categories in February have been reversed as the index numbers are now back to where they were at the end of last year. Kuehl noted that the real damage here is not that the index numbers are drastically reduced—they are still holding fast in the 60s and upper 50s. The real problem is that expectations had been high and it was anticipated that these numbers would be well into the mid-60 level by now. There had been some expectation that gains would be placing these index numbers into the 70s by mid-summer, but that is no longer the most likely scenario. The gains seem to have stalled for the moment, and it is not likely they will start up again as long as the global situation remains fundamentally unpredictable.
When one looks at the unfavorable factors there is still cause to worry and there will be more concerns as prices start to escalate. The rise in oil prices has been sharp, but this is not the only sector seeing increases. The radical price hikes of all industrial metals and food inflation are as bad as they have been since the debacle in 2008 and are now moving through the economy: high oil prices have prompted higher airfares and freight rates. As businesses face these hikes, they are forced to spend more than anticipated and that puts a strain on their ability to keep pace with the other debts they owe. Many of the companies reporting on their creditors suggest that a key reason for the slowdown in payment has been the spike in operating costs.
If there is any good news in the data for this month it is that the index of unfavorable factors has not changed much as compared to the favorable factors. The negative news is the same as last month, suggesting that some concerns about credit collapse have been reduced. There were fewer bankruptcies in this period and that is good news. The other factors worsened a little, but not dramatically. “The anecdotal evidence suggests that most creditors are reacting to some short-term shocks but expect to be back to normal in the months to come—providing that the situation in the Middle East does not worsen appreciably,” said Kuehl.
The online CMI report for March 2011 contains the full commentary, complete with tables and graphs. CMI archives may also be viewed online:
http://www.leasingnews.org/PDF/CMI_311.pdf
About the National Association of Credit Management
The National Association of Credit Management (NACM), headquartered in Columbia, Maryland, supports approximately 17,000 business credit and financial professionals worldwide with premier industry services, tools and information. NACM and its network of Affiliated Associations are the leading resource for credit and financial management information and education, delivering products and services, which improve the management of business credit and accounts receivable. NACM’s collective voice has influenced legislative results concerning commercial business and trade credit to our nation’s policy makers for more than 100 years.
Source: National Association of Credit Management
#### Press Release #############################
[headlines]
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[headlines]
----------------------------------------------------------------
This Day in American History
1621-the first Colonial treaty with the Native Americans was a defensive alliance made on Strawberry Hill, Plymouth, MA, between Massasoit, chief of the Wampanoags and the Plymouth colonists, acting in behalf of King Games I. The promised not to “doe hurt” to one another. If a Wampanoag broke the law, he was sent to Plymouth for punishment; if a colonist was the offender, he was sent to the Wampanaogs. The agreement in all its parts was kept by both parties for more than half a century.
1634-the first bridge built in the US spanned the Neponset River between Milton and Dorchester, MA. The authority to build the bridge and an adjoining mill was issued to Israel Stoughton on this date by the Massachusetts General Court.1826-Captain Samuel Morey of Orford, NH, received a patent on an internal-combustion engine, called “a gas or vapor engine” by its inventor. His engine had two cylinders, 180 degree cranks, poppet valves, a carburetor, an electric spark, and a water cooling device. He employed the vapor of spirits of turpentine and common air. A small tin dish contained the spirits, and the only heat he used was from a common table lamp. A rotary movement was obtained by means of a crank and flywheel, as in a steam engine.
1786 -a heavy snowstorm hit, bringing 12 inches from New Jersey to New Hampshire and prolonging winter into spring. This strong storm caused gale force winds and high tides. Five piers of the Charles Bridge were destroyed at Boston, Massachusetts.
1807 -the famous "1807 spring storm" buried interior New England in snow and caused a great tide along the coast. Danville, Vermont received 30 inches of new snow, bringing their snow cover amount to 60 inches.
1841 -- Brook Farm, history's most famous utopian community, is founded near West Roxbury, Massachusetts. Its primary appeal was to young Bostonians who shrink from the materialism of American life, & the community was a refuge for dozens of transcendentalists, including Ralph Waldo Emerson & Nathanial Hawthorne.
1844- Stuart Perry of New York City received a patent for both air-and water-cooled types and used turpentine gases as fuel. He called it a “gas engine.”
1847 -- Michigan becomes first state to abolish the death penalty.
1853-prior to this date, the fire department of cities was composed of volunteers exclusively. The first department to be paid a salary happened today in Cincinnati, Ohio, through the efforts of Miles Greenwood. Members of the company received $60 a year, lieutenants $100, captains $150, pipe men and drivers, $365. The chief engineer received $1,000 a year and assistant engineers $300.
1865-After withdrawing to Five Forks, VA, Confederate troops under George Pickett were defeated and cut off by Union troops. This defeat, according to many military historians, sealed the immediate fate of Robert E. Lee's armies at Petersburg and Richmond. Some 5000 Confederates prisoners were taken. On Apr 2, Lee informed Confederate President Jefferson Davis that he would have to evacuate Richmond. Davis and his cabinet fled by train to Danville, VA.
1866 -- Congress overrides President Andrew Johnson's veto of Civil Rights Bill, gives equal rights to all men born in the US — except Indians.
1877-Birthday of Dr. Aurelia Henry Reinhardt, first woman elected moderator (the titular head), Unitarian Association (1940), President Mills College (1916) in Oakland, CA, the third oldest women's college in the U.S.
http://www.harvardsquarelibrary.org/unitarians/reinhardt.html
1883 --Birthday of early movie great Lon Chaney, man of a thousand faces.
1887-Thomas Edison devises a telephone design that becomes the basis for his later claim to the invention of the microphone.
1889-the first investment trust was the New York Stock Trust, New York City, a general portfolio statutory trust, with 50,000 shares at $10 each.
1895-vocalist Alberta Hunter born Memphis, Tennessee. One of the great ladies of the golden age of jazz, singer and composer, she gave up a very successful career to become a nurse. She practiced for 20 years and then made a show business comeback at age 82 packing them into New York nightclubs.
http://www.oafb.net/once25.html
http://www.redhotjazz.com/hunter.html
http://afgen.com/hunter.html
1897-pianist Emma “Sweet” Barrett born, New Orleans, LA
http://www.masters-of-photography.com/F/friedlander/friedlander_portraits68_sweet_emma
_barrett_new_orleans_1958_full.html http://www.allaboutjazz.com/reviews/r0301_057.htm
1897-vocalist Lucille ( Lucille Anderson) Bogan born Amory, MS
http://www.alamhof.org/boganl.htm
1903- Jackie Martin birthday, photographer-journalist, first official photographer of the U.S. Women's Army Corps (Auxiliary), first woman to be elected to the White House Photographers Association (1941), first woman art and photographic editor, and first woman sports editor, in addition to a distinguished newspaper career.
1904- Birthday of Dr Charles Richard Drew, born in Washington, DC, African-American scientist, discovered blood plasma.
http://inventors.about.com/library/inventors/bldrew.htm
1910 Harry Carney Birthday
http://www.geocities.com/BourbonStreet/Delta/8586/carney.html
1922-pianist Duke Jordan birthday, Brooklyn, NY
http://www.amazon.com/exec/obidos/tg/stores/artist/glance/-/38031/qid=1017518470/
002-0163546-1162443
1923 - Residents in the eastern U.S. awoke on "April Fool's Day" to bitterly cold temperatures. The mercury plunged to -34 degrees at Bergland, MI and to 16 degrees in Georgia.
1924-The first gramophone to change records automatically goes on sale in the US.
1932 -- 500 school children, most with haggard faces & in tattered clothes, parade through Chicago's downtown section to the Board of Education offices to demand that the school system provide them with food.
1935 - General Electric Co. announces the first radio tube made of metal. Metal tubes were smaller and lighter than the glass vacuum tubes used in earlier radios and they improved short-wave radio reception. Radio had started to catch on as an entertainment medium in the 1920s, and its popularity grew until the rise of television in the early 1940s.
1936- Vivian (Vickie) Adelberg Rudow birthday, American composer, first woman to win first prize with straight 10s in the 14th International Electoacoustic Music Competition, Bourges, France, the largest and most important electronic music competition in the world. Her composition was With Love, live cello, dialogue, and prepared tape. In 1977 her Kaddish won first prize in the International Double Reed Society Composition contest, solo division. VA was the first Maryland composer to have her orchestral piece (Force III) performed in the Joseph Meyerhoff Symphony Hall Baltimore (1982). Founder and artistic director/producer of Res Musica Baltimore, Inc. (now Res Music America, Inc.) (1980-1991) promoting music by American living composers. Produced 52 concerts and 22 Res Musica youth concerts for the Baltimore City Public Schools.
http://www.leonarda.com/compr.html
http://www.baltimorecomposersforum.org/members/rudow_vivian_adelberg/personal_info.html
http://music.dartmouth.edu/~wowem/homework/rudow.html
1940-New York governor Herbert Lehman signed a bill legalizing pari-mutuel wagering at the state’s racetracks and outlawing bookmaking.
1942—Cootie Williams Band records monk’s “Epistrophy,” Chicago, IL.
1942--Birthday of Samuel Delany . Science fiction writer, composer, musician. Bisexual African American, husband (1961-1980) of poet Marilyn Hacker.
http://www.uic.edu/depts/quic/history/samuel_delaney.html
http://www2.pcc.com/staff/jay/delany/
http://epc.buffalo.edu/authors/delany/
1945-the Battle of Okinawa began on Easter Sunday: the US 10th Army began operation Iceberg, the invasion of the Ryukyu Islands of Okinawa. Ground troops numbering 180,000 plus 368,000 men in support services made a total of 548,000 troops involved--the biggest amphibious operation of the Pacific war.
1949-The first television variety show series with an African-American cast was “happy Pappy,” on WENR-TV, Chicago, IL. The program featured Ray Grant as master of ceremonies, the Four Vagabonds, and Modern Modes, and guests.
1953-the first educational television station sponsored by a city was WQED, Channel 13, Pittsburgh, PA, and went on the air today. A second education channel, WQEX, Channel 16, was granted a license on July 16, 1958, making Pittsburgh the first city with two educational television stations.
1954 - U.S. Air Force Academy was founded in Colorado. President Dwight Eisenhower signed a bill authorizing the establishment of an Air Force Academy, similar to West Point and Annapolis. On July 11, 1955, the first class was sworn in at Lowry Air Force Base. The academy moved to a permanent site near Colorado Springs, Colorado, in 1958.
1955---Top Hits
The Ballad of Davy Crockett - Bill Hayes
Cherry Pink and Apple Blossom White - Perez Prado
Dance with Me Henry (Wallflower) - Georgia Gibbs
In the Jailhouse Now - Webb Pierce
1955-Elvis Presley's fourth single, a cover of Arthur Gunter's "Baby, Let's Play House." backed with "I'm Left, You're Right, She's Gone," is released. Later in the month Presley with Bill Black and Scotty Moore head off to New York to audition for "Arthur Godfrey's Talent Scouts," as has Pat Boone. Presley is rejected and Boone will win first place
1956 - Chet Huntley began his successful news career with NBC. He started as a reporter and analyst of the Sunday news series, "Outlook". Soon, he would be teamed with David Brinkley for election coverage. The duo would click and become co-anchors of "The Huntley-Brinkley Report" nightly on NBC with Huntley presenting news from the New York studio while Brinkley reported from Washington, DC. John Chancellor, who would become the sole anchor of the "NBC Nightly News" years later, was also a part of the broadcast giving comment and analysis on the day’s top news. Huntley and Brinkley closed each news broadcast with the trademark, “Good night Chet. Good night David. And Tom Brokaw to also soon say, “Good night from NBC News.”
1956-- Elvis Presley arrives at Paramount Studios for a screen test, lip-synching "Blue Suede Shoes" and performing a scene as Bill Starbuck in The Rainmaker, still in production. Presley will eventually be passed over for this film, and his role taken over by Burt Lancaster. Still impressed, however, Paramount and director Hal Wallis sign Elvis to a seven-year contract five days later.
1957-Elvis Presley played two concerts before 23,000 people at Maple Leaf Gardens in Toronto. Presley performed outside the US only four times in his career - the two concerts in Toronto, one the next night in Ottawa and a later performance in Vancouver.
1957-Cadence Records releases the Everly Brothers' "Bye Bye Love," a song rejected by 30 labels before Cadence picked it up. It will go to #2 on the pop chart and #1 on the Country & Western chart. They recently appeared in the
Simon-Garfunkel tour, a little older and physically heavier, but as good as ever.
1959--Freddy Cannon big hit "Tallahassee Lassie" is released.
1960-- In Miami, Elvis Presley tapes his post-Army comeback special, Frank Sinatra's Welcome Home, Elvis, also starring Sammy Davis Jr., Nancy Sinatra, Joey Bishop, and Peter Lawford. Elvis sings "Fame And Fortune" and "Stuck On You," as well as Sinatra's own "Witchcraft." Frank responds by singing "Love Me Tender."
1960-The Boston Patriots of the American Football League made Wall Street history by becoming the first professional sports team to issue public stock.
1963-"The Doctors" premiered on NBC on the same day as ABC's long-running soap "General Hospital," providing viewers with a double dose of medical drama. The show was set at Hope Memorial Hospital and began as an anthology series that was subsequently transformed into a serial in 1964. Created by Orin Tovrov, "The Doctors" ran for 19 years. Ellen Burstyn, Anna Stuart, Nancy Pinkerton, Jonathan Hogan, Julia Duffy and Alec Baldwin are some of its famous alums.
1963 -- Longest newspaper strike in US history ends. The nine major papers in New York City ceased publication over 100 days ago.
1963---Top Hits
He’s So Fine - The Chiffons
South Street - The Orlons
Rhythm of the Rain - The Cascades
Still - Bill Anderson
1963-“General Hospital," premiered on TV: ABC's longest-running soap, revolves around the denizens of fictional Port Charles, NY. "GH" was created by Doris and Frank Hursley. John Beradino, who was with the show from the beginning until his death in May 1996, played the role of Dr. Steve Hardy, upstanding director of medicine and pillar of the community. In the '80s, story lines became unusual with plots involving international espionage, mob activity and aliens. The wedding of super couple Luke and Laura (Anthony Geary and Genie Francis) was a ratings topper. By the '90s, stories moved away from high-powered action to more conventional romance. Many actors received their big break on the show, including Demi Moore, Janine Turner, Jack Wagner, Richard Dean Anderson, Rick Springfield, John Stamos, Emma Samms, Mark Hamill, Finola Hughes, Ricky Martin and Tia Carrere.
1966-The Troggs use 45 minutes of spare studio time to record "Wild Thing" at Regent Sound Studio in London. The raw, simple little tune would climb to #2 in the UK and #1 in the US, selling over a million copies by the following June.
1970-radio and television ads for cigarettes were banned by legislation signed by President Nixon on this date. The ban went into effect Jan 1, 1971.
1970-BEIKIRCH, GARY B. Medal of Honor
Rank and organization: Sergeant, U.S. Army, Company B, 5th Special Forces Group, 1st Special Forces. Place and date: Kontum Province, Republic of Vietnam, 1 April 1970. Entered service at: Buffalo, N.Y. Born: 29 August 1947, Rochester, N.Y. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sgt. Beikirch, medical aidman, Detachment B-24, Company B, distinguished himself during the defense of Camp Dak Seang. The allied defenders suffered a number of casualties as a result of an intense, devastating attack launched by the enemy from well-concealed positions surrounding the camp. Sgt. Beikirch, with complete disregard for his personal safety, moved unhesitatingly through the withering enemy fire to his fallen comrades, applied first aid to their wounds and assisted them to the medical aid station. When informed that a seriously injured American officer was lying in an exposed position, Sgt. Beikirch ran immediately through the hail of fire. Although he was wounded seriously by fragments from an exploding enemy mortar shell, Sgt. Beikirch carried the officer to a medical aid station. Ignoring his own serious injuries, Sgt. Beikirch left the relative safety of the medical bunker to search for and evacuate other men who had been injured. He was again wounded as he dragged a critically injured Vietnamese soldier to the medical bunker while simultaneously applying mouth-to-mouth resuscitation to sustain his life. Sgt. Beikirch again refused treatment and continued his search for other casualties until he collapsed. Only then did he permit himself to be treated. Sgt. Beikirch's complete devotion to the welfare of his comrades, at the risk of his life are in keeping with the highest traditions of the military service and reflect great credit on him, his unit, and the U.S. Army.
1970-LEMON, PETER C. Medal of Honor
Rank and organization: Sergeant, U.S. Army, Company E, 2d Battalion, 8th Cavalry, 1st Cavalry Division. place and date: Tay Ninh province, Republic of Vietnam, 1 April 1970. Entered service at: Tawas City, Mich. Born: 5 June 1950, Toronto, Canada. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sgt. Lemon (then Sp4c.), Company E, distinguished himself while serving as an assistant machine gunner during the defense of Fire Support Base Illingworth. When the base came under heavy enemy attack, Sgt. Lemon engaged a numerically superior enemy with machine gun and rifle fire from his defensive position until both weapons malfunctioned. He then used hand grenades to fend off the intensified enemy attack launched in his direction. After eliminating all but 1 of the enemy soldiers in the immediate vicinity, he pursued and disposed of the remaining soldier in hand-to-hand combat. Despite fragment wounds from an exploding grenade, Sgt. Lemon regained his position, carried a more seriously wounded comrade to an aid station, and, as he returned, was wounded a second time by enemy fire. Disregarding his personal injuries, he moved to his position through a hail of small arms and grenade fire. Sgt. Lemon immediately realized that the defensive sector was in danger of being overrun by the enemy and unhesitatingly assaulted the enemy soldiers by throwing hand grenades and engaging in hand-to-hand combat. He was wounded yet a third time, but his determined efforts successfully drove the enemy from the position. Securing an operable machine gun, Sgt. Lemon stood atop an embankment fully exposed to enemy fire, and placed effective fire upon the enemy until he collapsed from his multiple wounds and exhaustion. After regaining consciousness at the aid station, he refused medical evacuation until his more seriously wounded comrades had been evacuated. Sgt. Lemon's gallantry and extraordinary heroism, are in keeping with the highest traditions of the military service and reflect great credit on him, his unit, and the U.S. Army.
1970-After one year as an American League expansion team, the Seattle Pilots moved to Milwaukee and became the Brewers. Automobile dealer Bud Selig purchased the team for $10.8 million.
1971---Top Hits
Me and Bobby McGee - Janis Joplin
Just My Imagination (Running Away with Me) - The Temptations
Proud Mary - Ike & Tina Turner
After the Fire is Gone - Conway Twitty & Loretta Lynn
1971-Six months after his death, Jimi Hendrix's "The Cry of Love" goes gold. It is the last LP on which the guitarist was a willing participant and some say it might have gone higher than #3 had it not been for an LP by another deceased rock star, "Pearl," by Janis Joplin.
1972-the Major League Baseball Players Association went on strike for the first time, with the principal issue being contributions to the major league pension plan. The strike lasted 12 days and wiped out 86 regular season games.
1976-Jimmy Buffett's "Margaritaville" is released.
1976- AC/DC makes its live UK debut at London club The Red Cow.
1979---Top Hits
Tragedy - Bee Gees
What a Fool Believes - The Doobie Brothers
Sultans of Swing - Dire Straits
I Just Fall in Love Again - Anne Murray
1985-In one of the greatest upsets in NCAA basketball tournament history, the Villanova University Wildcats upset the Hoyas of Georgetown University, 66-64, in the championship game. The Wildcats made 70% of their shots from the field and converted 22 of 27 free throws.
1985-David Lee Roth quit Van Halen shortly after releasing his version of The Beach Boys', "California Girls", which featured Carl Wilson on background vocals. Roth's record actually sold slightly better than the original. He was replaced by Sammy Hagar later in the year.
1985 - The long-awaited album, "We Are the World", was finally released. Eight rock stars donated previously unreleased material for the LP. Three-million copies of the award-winning single of the same name had already been sold. The song, "We Are the World", was number five, and moving up, on the "Billboard" magazine pop single’s chart this day. 1986-- In Washington State 35,000 employees in female dominated jobs began receiving $41 million in pay equity payments.
1987 - 45 cities in the southeastern US reported new record low temperatures for the date. Morning lows of 37 degrees at Apalachicola, Florida, 34 degrees at Jacksonville, Florida, 30 degrees at Macon, Georgia, and 22 degrees at Knoxville, Tennessee were records for the month of April.
1987---Top Hits
Lean on Me - Club Nouveau
Nothing’s Gonna Stop Us Now - Starship
Tonight, Tonight, Tonight - Genesis
Small Town Girl - Steve Wariner
1988 -a major winter storm battered the western high plains. Rye, Colorado was buried under 34 inches of snow. 19 inches was measured at Sharon Springs, Kansas and up to 17 inches fell in the Oklahoma panhandle
1990-Los Angeles Lakers Michael cooper and Byron Scott appeared on an LA radio show and were informed during the broadcast that they had been traded to the Los Angels Clippers for Benoit Benjamin and Jeff Martin. Lakes teammate Mycahal Thompson called the show to say that the two wouldn’t be missed. Host Joe McConnell then reminded his guests and his listeners that it was April Fools’ Day.
1990 - Thunderstorms produced severe weather in Texas, from southern Arkansas and northern Louisiana to southern Georgia, and from northern South Carolina to the Upper Ohio Valley during the day and evening. Thunderstorms spawned a tornado at Evergreen AL, and there were more than eighty reports of large hail and damaging winds. Thunderstorms produced baseball size hail north of Bastrop LA, and produced damaging winds which injured one person west of Meridian MS.
1993-Thousands of people stood in the rain at a pro- environment rally in Portland, Oregon. Neil Young, David Crosby, Kenny Loggins and the Wilson sisters were among the performers.
1994---Top Hits
The Sign- Ace of Base
Bump N Grind- R. Kelly
Without You/Never Forget You- Mariah Carey
The Power of Love- Celine Dion
1996- Rallying from a 6-0 deficit, the Mets beat the Cardinals, 7-6, making it the biggest Opening Day comeback of the century.
1997- Setting a record for the most runs scored in one inning of an Opening Day contest this century, the Padres score 11 runs in the bottom of the sixth inning en route to a 12-5 rout of Mets. Chris Gomez, Rickey Henderson and Quilvio Veras lead the attack with back-to- back-to-back home runs.
1999----Top Hits
Believe- Cher
Heartbreak Hotel- Whitney Houston Feat. Faith Evans
Every Morning- Sugar Ray
What s It Gonna Be?-, Busta Rhymes Featuring Jane
2001- In the first major league game ever played Puerto Rico, the Blue Jays defeat the Rangers, 8-1 in the major league season opener. Making his Texas debut, $252 million shortstop Alex Rodriguez gets the season's first hit and scores the first run, but also makes a throwing error on his first chance.
2002-Maryland wins NCAA title.
http://sportsillustrated.cnn.com/basketball/college/2002/ncaa_tourney/news/2002
/04/01/maryland_indiana_ap/
2003----Top Hits
In Da Club- 50 Cent
Ignition- R. Kelly
Miss You- Aaliyah
All I Have- Jennifer Lopez Featuring LL Cool J
2009 - Following in the footsteps of Celine Dion, Cher, Elton John and Bette Midler, Carlos Santana announced that he has been booked to perform about 36 concerts per year at the Hard Rock Hotel and Casino in Las Vegas. The show was to be called The Supernatural Santana: A Trip Through the Hits.
NCAA Basketball Champions This Date
1985—Villanova
1992---Duke
1996—Kentucky
2002—Maryland
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