Great News!! Pioneer/IFC Credit/Financial Pacific

"Dear Pioneer Broker:

"As you know, unusual conditions in the credit markets is causing problems for leasing companies across the United States. Despite this, I am pleased to inform you that IFC just signed off on a bulk sale that should be fully completed today.

"This sale of receivables should allow us to clear enough room under our currently facility to resume partial funding and we expect to restart these operations on Monday.

"We are expecting a second and much larger portfolio sale to be completed later next week which should allow us to resume normal funding operations for the foreseeable future.

"During this interruption, many of you called with words of encouragement, and everyone at Pioneer wishes to thank all of you for your heart felt support.

It is during times like these that we see the true spirit of our loyal customers and it will motivate us to provide you with the best service in the future!

"Sincerely,
"Pioneer Capital Corporation A Wholly Owned Subsidiary of IFC Credit Corporation (800) 521-1308 Fax (800) 510-4579

"Pioneer Broker Representatives - Click name below to email your Pioneer Representative !

(800) 521-1308

Alan Justman
- Ext. 1520,
Central Region
- AL, AR, AZ, CO, IL, IA, IN, KS, KY, LA, MN, MS, MO, ND, NE, NM, OK, OH, OR, SD TN, WI
Dana Kirchner
- Ext. 1522,
West Coast -
CA , ID, MT, NV, UT,OR, WA, WY
Eric Van Skyock
- Ext. 1524,
Eastern Coast
- CT, DE, FL, GA, NH, NJ, NC, MA, MD, ME, MI, PA, RI, SC, VT, WV, VA
Rob Wofford
- Ext. 1526,
Special Broker Accounts"

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It's also Pioneer President John Boettigheimer birthday today. What a great birthday present!!! Happy Birthday, John. (sorry, don't know his age.)

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FINANCIAL PACIFIC from President Paul Menzel , CLP

Leasing News was not able to obtain a comment yesterday, but this morning:

"Kit - FinPac is a portfolio investment of Allied's. We operate independently and are not presently affected by them. Thanks

"Paul J. Menzel, CLP President FINANCIAL PACIFIC LEASING, LLC 3455 South 344th Way Suite 300 Federal Way, WA 98001 Email: pmenzel@finpac.com Phone: 253-568-6121 or 877-222- 8558 x121 FAX: 800-510-0101 "

(More Allied capital and " Mark to Market " from the Alta Group Shawn Halladay on Monday, plus "Business at Financial Pacific up from last year and they expect 2009 to be a banner year for them. Go Cardinals!!!. Kit Menkin)