Wednesday, January 11, 2006
Headlines--- Welcome New Readers ######## surrounding the article denotes it is a "press release"
Welcome New Readers
While most who read Leasing News go to the web site first, many still join our mailing list. Our goal is to print daily from Monday to Friday, but most often it is only three or four times a week, so when you are on the mailing list, you are informed that the new edition is available. We go to "press" when we think there is enough equipment leasing news to do so. Readers on our mailing list also get notices of major events from time to time. We welcome the new readers and hope you enjoy and find informative Leasing News. Subscription is free. Please ask a colleague to subscribe. -------------------------------------------------------------- Classified Ads---Asset Management Austin, TX. Bloomfield Township, MI . Chicago, IL. Hartford, CT. Princeton, NJ. Sausalito, Ca Sonoma, CA Wilton, CT. For a full listing of all "job wanted" ads, please go to: http://216.66.242.252/AL/LeasingNews/JobPostings.htm To place a free "job wanted" ad, please go to: http://216.66.242.252/AL/LeasingNews/PostingForm.asp --------------------------------------------------------------
Memorial Fund for Bob's two daughters
To All Friends and Business Associates of Bob Heeney, Arrangements have been made to provide an educational fund for the benefit of the children of Bob Heeney, who passed away on December 27, 2005 after a 3 year battle with cancer. Bob was a devoted husband, father and friend to many of us. Throughout his fight with cancer, Bob maintained an incredible spirit of optimism, always researching, experimenting and praying for a cure. He never displayed any sense of self pity. Bob leaves behind two young children, Adeline (age 6) and Nora (age 3). Ever since his diagnosis 3 years ago, Bob was determined to live long enough to give his children a chance to know him. In addition to trying his best to provide a strong "fatherly" influence, Bob wanted to do everything in his power to ensure he left his family on sound financial footing. It is a great testament to Bob that he worked throughout his illness, going to work every day (even when he could no longer drive). Bob's last day at work was December 15, and even the following week, while at Johns Hopkins Hospital, he did his best to stay on top of his work load. Undoubtedly, he did this to fulfill his goal of providing financially for his family. In this spirit, a financial fund has been established to benefit the future educational needs of Adeline and Nora Heeney. If you would like to contribute, please write your checks to "The Robert C. Heeney, Jr. Memorial Fund" and mail to the address below: The Robert C. Heeney, Jr. Memorial Fund c/o FSG Leasing 329 Prince George Street Your donation will help the family fulfill Bob's dream of financial security. He did everything in his power to leave his financial affairs in order; now it's up to us to finish the job. Thanks in advance to those of you who contribute to this worthy cause. I can assure you that your generous donation will be greatly appreciated by the Heeney family. Best regards and best wishes for a happy, prosperous and (most importantly) healthy 2006 for you and your family. Bruce J. Winter President P.S. Please feel free to drop a note directly to Bob's wife and children. Kathy Heeney Many in the industry have requested details about sending contributions to the fund and your assistance in distributing this information to your readers is greatly appreciated. If you choose to opt out of any future commercial electronic messages from The Equipment Leasing Company please reply to the sender of this email Scott A Wheeler -------------------------------------------------------------- Yes, Quinn is Gone from Main Street Bank
Several readers have contacted Leasing News, telling us the December 7, 2005, Leasing News story regarding Bob Quinn no longer located at Main Street Bank was incorrect. They received a broker package from Main Street Bank, they reported, actually sending us copies, and it has Mr. Quinn listed as part of the management team: "Bob Quinn, Executive Vice President and Chief Credit Officer Bob has spent more than 30 years in the financing and leasing industry through a variety of distribution channels. From 2001 till 2005 Bob served as the President and Chief Executive Officer of Treasure Coast Capital, Inc. Prior to this, he served as one of the founding officers and Executive Vice President/Chief Credit Officer of First Sierra Financial, Inc. Previously, Bob was a senior executive with AT&T Capital Corporation and Fleet Bank. Included in Bob's accomplishments are the design, development, and strategy of the Private Label product." http://leasingnews.org/PDF/MSB_Overview.pdf The "meet us" at Treasure Coast Capital web site had him listed there.
"Robert H. Quinn, Jr., President and founder of Treasure Coast Capital, Inc, has over 27 years experience in the banking and leasing industry. Mr. Quinn was most recently a founding officer and Executive Vice President and Chief Credit officer of First Sierra Financial, Inc. (name changed to Sierra Cities and sold to American Express in the spring of 2001). Prior to that Mr. Quinn was a senior officer of AT&T Capital and Fleet Bank." Leasing News reached Mr. Quinn at Treasure Coast Capital, 1-561-748-5559 X224. He said as of November 30, 2004, he was no longer an officer or an employee at Main Street Bank, that he subsequently acquired back Treasure Coast Capital. He did not want to make any further comment at this time. Here is the original story about Quinn no longer at Main Street Bank December 17, 2005 (which President Thomas J. Depping replied, "No public comment on this?" ) http://www.leasingnews.org/archives/December%202005/12-07-05.htm#bob -------------------------------------------------------------- Classified Ads---Help Wanted Equipment Finance & Leasing Representative
--------------------------------------------------------------- Photo of Judy MacNeal request
Judy MacNeal Readers who have asked for the original picture, we suggest you contact Mr. Kempske, as he requested "a very prominent correction in your publication" and we no longer have the first photograph that was used in the story. Kevin Kempske Full story: Judy MacNeal Named Sales Manager of National Penn Leasing http://www.leasingnews.org/archives/January%202006/01-06-06.htm#penn ---------------------------------------------------------------
Sales make it Happen: Listening - Back To Basics
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Truck News Landlinemag.com (Owners-Operator Independent Truckers Association) California governor calls for truck lanes and toll roads Gov. Arnold Schwarzenegger is flexing some muscle with his plan for California highways. The governor's annual State of the State speech, given Thursday, Jan. 5, included a proposal for truck-only toll lanes and high-occupancy-vehicle lanes on congested highways, and 600 miles of mass transit to keep up with a projected 30 percent growth over the next decade, his office reported in a released statement. Schwarzenegger's $107 billion transportation plan is part of a $220 billion plan for infrastructure, the environment and schools. Funding will come from federal sources and new bonds. The governor estimates an 18-percent reduction in congestion through the construction of 1,200 miles of new highways and HOV lanes. According to media reports, a California think tank called The Reason Foundation has advised Schwarzenegger to build truck-only toll lanes from Los Angeles and Long Beach through San Bernardino and up Interstate 15 to Nevada. The foundation also suggested toll lanes linking the Port of Oakland and Silicon Valley with I-5 via I-580. Cleaner air, improved schools and flood control rounded out the governor's plan. Chicago area toll road opens more lanes There's now an additional lane in each direction on Interstate 88, the Reagan Memorial Toll way, in the western suburbs of Chicago. The Illinois Department of Transportation opened the additional lanes Friday, Jan. 6. The lane opening caps a two-year project to widen and improve a five-mile section of toll road between Illinois Route 59 and Washington Street in Naperville, IL. Pavement striping and the installation of pavement markers are still on the list for project completion. ### Press Release ########################### Hennessey Enterprises, Inc. Forms Hennessey Capital Leasing TAMPA, Fla.------Hennessey Enterprises, Inc. has announced that its new wholly owned subsidiary, Hennessey Capital Leasing, will begin equipment leasing operations in January. Hennessey Capital Leasing has the ability and funding network to provide leases for all types of equipment to most companies, including start-ups and those with credit challenges. "Leasing is an ideal tool for most businesses, with benefits that can include tax incentives, balance sheet strengthening and the ability to hedge against obsolescence," said David Wolf, President of Hennessey Capital Leasing. Almost one third of commercial equipment acquisitions are completed by leasing, as many business owners realize the benefit of such assets is derived from use rather than ownership. Clients, referral partners and others interested in leasing equipment will be able to easily navigate the lease agreement. Hennessey Capital Leasing's simple process frequently requires only a signed application, which will soon be available at http://www.hennesseyleasing.com. Hennessey Capital Leasing is a relationship based equipment leasing company headquartered in Tampa, FL. Hennessey Capital Leasing specializes in providing equipment leasing services for clients ranging from start-ups to mature companies. Hennessey Capital Leasing provides almost any kind of equipment including small ticket and multi-million dollar machines. Hennessey Capital Leasing is part of the Hennessey group of companies consisting of Hennessey Enterprises, Hennessey Capital Southeast, Hennessey Capital and Hennessey Capital Solutions. For more information, contact Hennessey Capital Leasing at 813.740.2365 or visit: http://www.hennesseyleasing.com. RFB Communications Group, LLC, Tampa Jeannie Magri, 813-259-0345 jmagri@rfbcommunications.com ### Press Release ###########################
Funding From GE Commercial Finance, Franchise Finance Facilitates Acquisition of SCOTTSDALE, Ariz----Marking a milestone in its relationship with Garden Fresh, GE Commercial Finance, Franchise Finance is the sole lead arranger on a $175 million transaction. This allowed an affiliate of Sun Capital Partners, Inc. (Sun Capital) to refinance its bridge financing in connection with its recent acquisition of Garden Fresh and to fund operations and expansion. Garden Fresh, based in San Diego, operates 97 locations in 15 states, doing business as Sweet Tomatoes and Souplantation. It is the largest salad buffet concept in the country. "GE Commercial Finance, Franchise Finance timely closed on a creative lending structure that provides Garden Fresh with plenty of liquidity and flexibility which allows us to execute on our future growth plans," says M. Steven Liff, managing director, Sun Capital Partners, Inc. "GE Commercial Finance, Franchise Finance is a very relationship-oriented firm that truly understands the restaurant industry." Liff adds that Garden Fresh makes a good fit for Sun Capital because, "This is a company with a steady history of growth and customer loyalty. That alone makes Garden Fresh a great asset and strengthens our portfolio of middle market companies. Given our operational expertise, coupled with the outstanding leadership team at Garden Fresh, we intend to selectively increase the number of units, enhancing the company's franchise value." Michael Mack, co-founder and CEO of Garden Fresh, adds, "We are happy to team up with both Sun Capital and GE Commercial Finance, Franchise Finance to continue building Garden Fresh. The company is positioned better than ever to build shareholder value, maintain a quality dining experience for our customers, and simultaneously maintain a value proposition." Gary Naquin, vice president, structured finance at GE Commercial Finance, Franchise Finance, noted the significance of the transaction. "By taking the lead on the funding, underwriting, and syndication, we are continuing to build our platform in the restaurant industry. This deal demonstrates our ability and desire to originate and structure more deals as the sole lead arranger in various market cycles." Sun Capital Partners, headquartered in Boca Raton, Fla., is a private equity firm focused on leveraged buyouts and equity, debt, and other investments in market leading companies that can benefit from its in-house operating professionals and experience. Boasting more than $3 billion in capital under management, this acquisition marks its 100th since the company's inception in 1995. For GE Commercial Finance, Franchise Finance - a company that finances new construction, acquisitions, refinancing, and reimaging - the transaction is another success in a long line of financing deals. About GE Commercial Finance, Franchise Finance GE Commercial Finance, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition in the United States and Canada. With more than $11 billion in served assets, Franchise Finance serves more than 6,000 customers and more than 20,000 property locations, primarily in the restaurant, hospitality, branded beverage, storage, and automotive industries. Franchise Finance offers customers access to capital with a menu of products featuring flexible structuring, including financing for acquisitions, refinancing, construction of new units, and remodels for single- and multi-unit operators/chains. More information is available at www.gefranchisefinance.com or by calling toll-free 866-GET-GEFF (438-4333). About GE Commercial Finance GE Commercial Finance is the business-to-business finance unit of General Electric. With deep industry expertise and lending, leasing and financing services of every kind, GE Commercial Finance plays a key role in helping its customers grow. Conducting business in 35 countries, GE Commercial Finance has assets of more than US$230 billion and is headquartered in Stamford, Connecticut, USA. General Electric (NYSE:GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. Arment Dietrich Gini Dietrich, 312-787-7249 gdietrich@armentdietrich.com or GE Commercial Finance, Franchise Finance Christine Roe, 480-563-6260 christine.roe@ge.com ### Press Release ###########################
Fintel Announces Name Change, Additional Aircraft Purchases, New Website PANAMA CITY, Panama------Financial Telecom Limited (USA) Inc. (OTCBB:FLTL) ("Fintel") announced today its shareholders approved the company's new name, MKA Capital Inc., during the meeting held on January 6, 2006. The company has launched its new corporate web site at www.mkacapital.com and is in the process of applying for a new stock trading symbol to reflect the name change. "We aim to explore fully the opportunities presented to us by the dynamic aviation industry in emerging markets and the fast growing Chinese aviation market. With the extensive experience and relationships MK Aviation has in the aircraft leasing business, we will expand our fleet and assets aggressively through new acquisitions of aircrafts and engines," comments Mr. Mory Kraselnick, Chairman of MKA Capital Inc. "We are currently bidding for a number of aircraft to meet the demands of our airline customers. Our policy is to purchase aircraft and engines only when we have identified the leasing customers for such equipment, which allows us to manage our operating risks and cost of capital effectively." MKA Capital, through its newly acquired subsidiary, MK Aviation SA, has entered into an agreement to purchase two Boeing aircraft model 737, and one P&W engine model JT8D-17A, for delivery in January 2006. MK Aviation entered into an agreement to sell and lease these equipments to its airline clients. The purchase of these assets will increase the consolidated asset portfolio by approx. US$2.5 million. The leases will generate additional revenues of approximately US$900,000 annually over a five year term. About MKA Capital, Inc (Fintel) MKA Capital is an aviation leasing company with offices in Panama, China, and USA. Aircraft and engine leases are typically operating leases of long-term durations, creating substantial net cash flows to the company, and residual profit. Its customers and partners are airlines from South America, Eastern Europe, China and USA. MKA Capital also invests in the equity of Chinese private companies, and this portfolio generates annual cash returns of 15% on capital and participation in future equity growth. For further information please visit www.mkacapital.com. for MKA Capital Inc. Ms. Valli Stanziola, 507-269-5211 Fax: 507-269-1473 mkaviation@cwpanama.net ### Press Release ########################### AmSouth Launches 'Million Dollar Your Kind of Bank' Sweepstakes; BIRMINGHAM, Ala.------AmSouth Bank (NYSE:ASO) will offer AmSouth customers the ultimate reward by giving them the chance to win $1,000,000. Each week over the next 15 weeks, a lucky consumer or small-business person will win $10,000, plus the opportunity to travel to Orlando, Fla., for a chance to walk into an armored truck and take home $1,000,000. "We think our relationships are pretty special to start with, but we thought it would be really exciting to offer the Million Dollar Your Kind of Bank sweepstakes," said Chief Marketing Officer Scott Peters. He noted that the Bank will promote the sweepstakes to encourage people in its six-state footprint to open any consumer checking, small business checking or equity account at the bank. "Each Sweepstakes winner will also have the privilege of knowing they have helped a child and his or her family fulfill a dream," said Peters. "AmSouth Bank Foundation will donate $75,000 to Give Kids The World--a non-profit organization that grants free vacations to families whose children have life-threatening diseases to visit Central Florida's attractions. GKTW works with hundreds of wish-granting organizations to bring the families to Give Kids The World Village near Orlando. GKTW will allocate $5,000 per weekly winner for a family from their region. To enter, consumers may visit a participating AmSouth Bank during normal business hours now through April 24, 2006, and open a new checking or equity account(a). There will be 15 weekly drawings conducted by independent judges. The weekly winners will be invited to Orlando, Fla., and, one-by-one, will enter an AmSouth armored truck filled with 1,000 money bags - 999 contain their $10,000 prize and one bag contains a $1,000,000 mega-prize. Sweepstakes information and a list of rules can be found at www.amsouth.com. (a) To enter without opening a new checking or equity account, consumers may mail an entry. Opening an account is not a requirement to participate in the Sweepstakes. Some winners may not be customers and some mail-in entries may not have any type of relationship with AmSouth. Accounts are subject to credit approval. AmSouth Bank is a member of FDIC and an Equal Housing Lender. About AmSouth AmSouth Bancorporation is a regional bank holding company with over $50 billion in assets. AmSouth Bank, its principal subsidiary, has more than 685 branch banking offices and 1,240 ATMs. AmSouth operates in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com. About Give Kids The World Give Kids The World Village is a 70-acre, non-profit resort for children with life-threatening illnesses whose one wish is to visit Central Florida's best-loved attractions. The Village partners with more than 250 wish-granting organizations from around the world who identify these special children and provide transportation to Orlando. With the help of many generous individuals and corporations, GKTW then completes the wish with accommodations at its whimsical resort, donated attraction tickets and meals for a week-long, cost-free vacation. For more information, please visit the GKTW Village web site at www.gktw.org. AmSouth Bancorporation, Birmingham David Webster, 205-581-7494 ### Press Release ###########################
News Briefs---- Bankruptcies 31.5% up in 2005 Realtors' group predicts housing market will have more normal growth China says 2005 trade surplus near $102 billion, more than triple previous year Boeing reports 290 airplane deliveries for 2005, still No. 2 OfficeMax Closing 110 U.S. Retail Stores Consumers late on credit card bills stays at high level AmeriDebt Founder to pay $35 million settlement ---------------------------------------------------------------
You May Have Missed Doctors: Cough syrup doesn't work ---------------------------------------------------------------
Sports Briefs---- 'We can beat them' Brown, Ogunleye lead verbal charge before rematch against Carolina http://www.chicagotribune.com/news/local/cs-060109bears,1,3128352.story? Then and Now: The Pats were a much different team on Oct. 16 in Denver http://www.boston.com/sports/football/patriots/gallery/then_andnow Super Bowl Champions this Date 1970--- Kansas City Chiefs ----------------------------------------------------------------
California News Briefs--- Schwarzenegger touts surging revenues in releasing state budget http://www.signonsandiego.com/news/state/20060110-1431-ca-statebudget.html ILLEGAL MOTION: In wake of cycle mishap, Schwarzenegger admits not having right license http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/01/11/GUV.TMP ----------------------------------------------------------------
"Gimme that Wine" Muscadet: Take an Oyster by Surprise http://www.nytimes.com/2006/01/11/dining/11wine.html?pagewanted=all Wineries fight for right to ship If you want to know if you got a value for your wine, or what the wine price is today, go to www.winezap.com Type in the vintage (year) and name of the producer with wine type or geographic area, such as 1995 Chateau Lynch Bages Pauillac. Even 1995 Lynch Bages will work, or 1999 Viader --------------------------------------------------------------
Leasing News invites readers recommendations. Restaurant Review Guaymas -Tiburon, CA
Guaymas - 5 Main Street, In Marin County, across from San Francisco. You can take the Red & White Ferry here as it lands right at the base of the restaurant. You can go to Alcatraz or Angel Island or tour the San Francisco Bay. When I go to Tiburon, we always have brunch, late lunch, and often dinners here. One of my favorite hideouts since 1963 has been Sausalito, right near by, where I usually stay at the Casa Madrona, on their houseboat, in almost every room of the hotel overlooking the harbor. We have stayed at most of the places here as this was our secret get-away from the kids for a two day weekend. We have often closed down the "No Name Bar," where Ken Greene and his band have played often. Perched on the waterfront with panoramic views of San Francisco and views of San Francisco, Guaymas is my favorite restaurant in the United States. Most people when you ask them what their favorite restaurant is will want you to qualify, meaning French or in San Francisco or inexpensive. Kit Menkin's favorite restaurant is Guaymus in Tiburon, California. Ask Sue what Kit's favorite restaurant and she doesn't even have to think about it. She might talk about New York or Portugal or some restaurants no longer around where I had friends who were the chef. But she will answer, "Guaymus." (Sue's favorite is Scoma's in Sausalito.) I go out of my way to have lunch here. When we go to Napa, it is via Marin County so I can have lunch here. When we stay in San Francisco, it is close enough for us to visit. I love Marin. I came here after the war and lived with my parents, while looking for a job. I still love the entire area. This is a Tex-Mex restaurant run by a corporation (the leader left and started the Lark Creek Group, but that is another story,) but the food is wonderful and different and always very tasty. The view is outstanding. Wait to sit on the deck and enjoy a Mexican Margarita and Octopus or salsa dish or appetizer sampler in the bar. Winter, spring, summer, fall, I love it best of all; no matter what time of year. I love to sit out on the deck with Sue. Dress is casual. I have had private parties of eight, ten, thirty, and have never been disappointed. We took over the top floor once with a very large party. It was great fun. We rented three house boats, too. I have my favorite courses, but discover your own. We drive up from Saratoga just to go to this restaurant and walk around Tiburon. You can park in the main parking lot of the town. Easy to find. We always get a space. Or take the Ferry from San Francisco (we have done that too, and with seniors and children or by ourselves). The chef has changed three times. Sue says it is not the same. My memory often overtakes the course, just as in wine, I remember not only the taste but the good times with the food and company when drinking it. The first chef, who lasted a long time for his occupation, of course, was the best, and some of the dishes have been altered, but I still love the ambiance, the food, and the "Mexican Margarita," my favorite (I guess it is a Margarita martini served in a shot glass, with or without ice.) Sue drives, so you know I can have at least two of them with my brunch. Hey, I'm on vacation when I go here!!! (for other reviews: please go here: http://two.leasingnews.org/Recommendations/rstrnt.htm 0 ----------------------------------------------------------------
Calendar Events This Day Thank You Cards Make Your Dreams Come True Day National Cut You Energy Costs Day A day to educate people on the ways they can stay warm in the winter and cool in the summer while saving money on their energy bills, By following a few easy steps, homeowners and renters can put a reasonable ceiling on their heating and cooling costs and stay comfortable. For info: tom Peric, National cut Your Energy Costs Day, 2040 Fairfax Avenue, cherry Hill, NY 08003. Step In A Puddle And Splash Your Friend Day Tattoo Pride Day ----------------------------------------------------------------
Today's Top Event in History 1922 - A 14-year-old-boy, Canadian Leonard Thompson, became the first person to have his diabetes successfully treated with insulin. ----------------------------------------------------------------
This Day in American History 1755- Alexander Hamilton, American statesman, an author of The Federalist papers, first secretary of the treasury, born at British West Indies. Engaged in a duel with Aaron Burr the morning of July 11, 1804, at Weehawken, NJ. Mortally wounded there and died July 12,1804. Super Bowl Champions this Date 1970--- Kansas City Chiefs -------------------------------------------------------------
American Football Poem & Shakespeare The modern spelling of the word "football" is first recorded, when it was used disapprovingly by William Shakespeare. Shakespeare's play King Lear (which was first published in 1608) contains the line: "Nor tripped neither, you base football player" (Act I Scene 4). Shakespeare also mentions the game in A Comedy of Errors (Act II Scene 1): Am I so round with you as you with me, You spurn me hence, and he will spurn me hither: ("Spurn" literally means to kick away, thus implying that the game involved kicking a ball between players.) (Note: The modern poem contains foul language, and is quite different from the lovely Shakespeare quantrain: American Football by Harold Pinter Hallelujah! We blew the shit right back up their own ass It works. Hallelujah. We blew them into fucking shit. Praise the Lord for all good things. We blew their balls into shards of dust, We did it. Now I want you to come over here and kiss me on the mouth.
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