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Classified Ads---Senior Management

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Tampa, FL Executive leader accomplished in leasing operations, finance, sales and marketing seeking new opportunity. Capitalizes on strategic, ideation, communication and analytical strengths to identify opportunities, formulate solutions and articulate strategies that drive increased sales productivity, incremental revenue, operating expense reductions and customer acquisition and retention. Reg.Lindholm@gmail.com

 

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“Evergreen Clause”—The Danger of Automatic Renewal

The inclusion of automatic renewal (or “evergreen”) clauses in true leases has been a fairly common practice from time immemorial. It is included in most company leasing contracts, whether "fair market value," 10%options, or even $1.00 (Yes, companies will continue payments if not notified and there have been several cases where the residual is $1.00)

There is no question that these clauses provide important protections to the lessor to obtain their residual. If the lessee has no intent to renew, the lessor has in interest in knowing it before the end of the term so that he can start planning for remarketing or some other disposition of the equipment.

However, the question of whether a lessee should be reminded by the lessor of the notice deadline in plenty of time for the lessee to react is an entirely different question. These states have statutes requiring commercial equipment lessors to provide a written notice – a fair warning – before the notice deadline date arrives:

This is an unofficial list:
New York
Rhode Island
Texas
Illinois*
Wisconsin 

(*Consumer, may affect commercial,
especially a proprietorship,
partnership or personal guarantee)

Most of the abuses occur in the small-ticket world. Larger lessees often overlook the notification clause in the contract or do not have “tickler” systems to remind them. Consider the corner dry-cleaner. He signs up for a five year lease in 2014. Does he mark it 90 days before the expiration in his computer calendar for 2019, or more important, did he overlook this as the residual is 10% or a $1.00. And the more apt question is: What possible interest does a lessor have in not voluntarily reminding its customer of the notice deadline – unless it’s to create a chance that the lessee will slip up and get trapped in a renewal it does not want?

 

Companies who utilize Evergreen Clauses 
for Extra Lease Payments 

These companies use language in their purchase options to confuse, perhaps to deceive, with the result an automatic continuation for an additional twelve months of payments. Often they win transactions with lower monthly payments as the lessee is not aware of the practice at the end of the initial term of the lease.

Several have continuation of payments and the requirement of replacing the equipment for a new lease. Leasing News has had complaints involving companies who invoke the twelve months on a $1.00 purchase option, as well as on an Equipment Finance Agreements.

Two of the companies on this list do a lot of copier leasing, where it is reported manufacturers are now getting a piece of auto-renewals and as well as insisting that they be in the lease as a condition of the business. Leasing News has heard from a very reliable source that some copier manufacturers also give dealers 4-5 months’ notice of a discontinued model and agree to sell it to the dealer at 40% of list price, on the condition that the captive finance division not receive the business. Also buried in the contract on one is a one month rental return fee including an inspection fee at the location specified by lessor and at lessee’s return expense (often not the local dealer who supplied the copier).

Advice for Broker or Lessor
Dealing with a Company that Uses Evergreen Clauses
http://leasingnews.org/archives/Nov2013/11_18.htm#advice

ACC Capital, Midvale, Utah
Balboa Capital, Irvine, California
De Lage Landen, Wayne, Pennsylvania
IFC Credit, Morton Grove, Illinois
Jules and Associates, Los Angeles, California 
LEAF Financial Group, Philadelphia, Pennsylvania
Marlin Business Leasing, Mount Laurel, New Jersey
Marquette Equipment Finance, Midvale, Utah 
Mazuma Capital Corporation, Draper, Utah
Onset Financial, South Jordan, Utah
Pacific Western Equipment Finance, Cottonwood Heights, Utah 
Republic Bank, Bountiful, Utah
Tetra Financial Group, Salt Lake City, Utah

ACC Capital, Midvale, Utah---This company is no longer in business, although its portfolio is being wound down, according to its owner Loni Lowder; the receivables are being collected by creditors. Lowder today is an employee, manager, Stalwart Contract Finance, Salt Lake City, Utah. All Evergreen Clause complaints have not been satisfied, but were when the company was active.


Balboa Capital, Irvine, California---This company had its first Bulletin Board Complaint in 2006. While a new president stated this was no longer the practice, recent bulletin Board Complaints demonstrate the practice continues.
http://leasingnews.org/archives/Dec2012/12_10.htm#bbc
http://leasingnews.org/archives/Mar2013/3_22.htm#bbc

De Lage Landen, Wayne, Pennsylvania -- $34,560 in lease payments were collected illegally, although the lease contract had an Evergreen clause that if the lessee did not notify in 90 days before expiration, the payments would continue. It appears this went on for almost three years. The purchase option was 10%.

What makes it even more shameless is a collection agency was involved after payments stopped, but wait, it gets worse: the lessee has settled with the funder and the funder's collection agency, but the lessor, who sold the lease to the funder, De Lage Landen (DLL,) remains in the suit as being party, or “in collusion,” with the Evergreen clause collection matter. The fact is the lessor was not directly involved in the collection of payments or received any remuneration, as well as the suit continues, now solely against the lessor.
http://leasingnews.org/archives/Nov2013/11_18.htm#dll

IFC Credit, Morton Grove, Illinois---This company is in bankruptcy, appeared many times in the Leasing News Bulletin Board prior to filing bankruptcy, but engaged in Evergreen Clauses, and unfortunately a recent example is a complaint to the trustee, stemming from M&T Bank lease assignment expiring and notify the lessee that they did not notify about the residual, which was a $1.00. This has happened many times with other banks who have taken over the IFC Credit Corporation portfolio. Calls and letters to the trustee and attorneys have gone unanswered.

Jules and Associates, Los Angeles, California--- Jules and Associates, Los Angeles, California---A repeat customer, who notified Jules and Associates on a lease, but was not before the 180 day expiration, so Jules and Associates instead of the 1% due for the residual ($2,308.79) charged six more payments or $40,463.94, and if 1% is not paid in this time, they will be subject to another three months.
http://leasingnews.org/archives/Aug2011/8_29.htm#jules

LEAF Financial Group, Philadelphia, Pennsylvania---It appears this company is in a more wind down phase, moving its operation of LEAF Commercial Credit with basically the same management. There have been complaints about the Evergreen Clause, including one this year for an Equipment Finance Agreement!

Marlin Business Leasing, Mount Laurel, New Jersey---The actual SEC filings state the profit earned from Evergreen Clause, primarily from copier leases. Bulletin Board Complaints have been received about this practice in addition to the SEC financial statement filings. (9) Marlin Response to posting 


Marquette Equipment Finance, Midvale, Utah --- According to Dorran Sampson, Vice-President/Broker Relations: "Marquette Equipment Finance does not offer an Evergreen product. Our master lease provides for extensions but is negotiated at the schedule level. Notice periods are also negotiated at the schedule level and vary depending on the Lessee’s needs."

When the company was bought and became Pacific Western Equipment Finance (a division of Pacific Western Bank) he maintained the same position. It was noted his old company was still on the list, and a request of his "master lease" was made.

"Our docs are the same as when we were with Marquette. Because we’re public now, it is very difficult to get documents released."

I asked him if he could send to a broker wanting to do business with him, "Sorry, can’t forward to you or your brokerage."

A search of PACER, a national index for U.S. district, bankruptcy and appellate courts brought up a number of Marquette cases, and the first one hit pay dirt: Merchants & Farmers Bank, a Mississippi Corporation versus Marquette Equipment Finance and Applied Financial. It was a similar case and while "dismissed with prejudice" (6), it had the arguments regarding the purchase option and a copy of the complete contract with a similar PPR as with Mazuma Capital:

"(g) Lessee's Options at End of Initial Period. At the end of the Initial Period of any Lease, Lessee shall, provided at least one-hundred-eighty (180) days prior written notice is received by Lessor from Lessee via certified mail, do one of the following: (1) purchase the Property for a price to be determined by Lessor and Lessee, (2) extend the Lease for twelve (12) additional months at the rate specified on the respective Schedule, or (3) return the Property to Lessor at Lessee's expense to a destination within the continental United States specified by Lessor and terminate the Schedule; provided, however, that for option (3) to apply, all accrued but unpaid late charges, interest, taxes, penalties, and any and all other sums due and owing under the Schedule must first be paid in full, the provisions of Sections 6(c) and (d) and 7(c) hereof must be specifically complied with, and Lessee must enter into a new Schedule with Lessor to lease Property which replaces the Property listed on the old Schedule. With respect to options (1) and (3), each party shall have the right in its absolute and sole discretion to accept or reject any terms of purchase or of any new Schedule, as applicable. In the event Lessor and Lessee have not agreed to either option (1) or (3) by the end of the Initial Period or if Lessee fails to give written notice of its option via certified mail at least one-hundred-eighty (180) days prior to the termination of the Initial Period, then option (2) shall apply at the end of the Initial Period. At the end of the extension period provided for in option (2) above, the Lease shall continue in effect at the rate specified in the respective Schedule for successive periods of six (6) months each subject to termination at the end of any such successive six-month renewal period by either Lessor or Lessee giving to the other party at least ninety (90) days prior written notice of termination."

The first option is to purchase the equipment for a price to be determined by Lessor and Lessee and requires a certified letter 180 days prior. This sounds like a fair market purchase option, but the “price to be determined” language means that the Lessor can set any price it wants. This option is illusory in my opinion.

The second option is to continue the lease for an additional 12 months, the “Evergreen” period. No notice of this provision is given to the lessee either in advance of signing or prior to exercising this option. Republic Bank purchases these 12 month extensions in advance of their exercise. How would the bank know that the lessee is going to exercise this option, unless everyone knows it is the only practical option for the lessee to exercise? Republic Bank President Boyd Lindquist confirmed in a telephone call that he “buys” these extensions from Mazuma and has for quite some time.

The third option is to return the equipment, but the clause is draped with the condition that the lessee has to re-lease identical equipment for a similar term. It also has 180 day certified letter requirement, and applies to the second option of 12 months, but also has the clause of an automatic six month option. So what is the point of exercising this option? At the end of this re-lease, there would be the same three identical options, so the lessee would be required to re-lease and re-lease. It’s just like Groundhog Day.

Leasing News is working on obtaining information on other companies so named to add to the list, including follow-up on the master lease for Pacific Western Equipment Finance. If you have a copy, please send and will keep your name “off the record.”

((7) See for Copy of Filing, including contract.) 

Mazuma Capital Corp, Draper, Utah Several routie "end of lease agreements, as alleged in Unified Container and Anderson Dairy (1) "8. The basic scheme involves the inclusion of a purchase, renewal, return (“PRR”) provision in the lease. The lessor assures the customer they will be able to purchase the equipment at the end of the initial term in the lease for a reasonable or nominal price. Often, the lessor promises the equipment can be purchased at a fixed percentage of the total amount financed. However, at the end of the initial lease term, the lessor refuses to honor the agreed upon purchase price or negotiate in good faith regarding a purchase price, but instead, insists the lease automatically renews for an additional term (usually twelve months).

9. The inclusion of the purchase and return options in the lease are entirely illusory and intended only to give the customer the false impression that it can exercise any of the three options at the end of the initial lease term, when in fact, the lessor will only allow an automatic renewal at the end of the initial lease term.) There are other exhibits. This case was settled "out of court."
    (page 3)

H. Jared Belnap, President & CEO, Mazuma Capital Corp., takes exception on beingon the Evergreen list. His full letter and Leasing News Response is at (5).

Onset Financial, South Jordan, Utah --- Onset contract, which contained:

“Section 20
n. Lessee's Options at Maturity of Base Period. At the maturity of the Base Period of any Lease, Lessee shall, provided at least one hundred fifty (150) days prior written notice is received by Lessor from Lessee via certified mail, do one of the meowing: (1) purchase the Property for a price to be determined by Lessor end Lessee, (2) renew the Lease for twelve (12) additional months at the rate specified on the respective Schedule, or (3) terminate the Schedule and return the Properly to Lessor at Lessee's expense to a destination within the continental United States specified by Lessor; provided, however, that for option (3) to apply, all accrued but unpaid late charges, interest, taxes, penalties, and any and all other sums due end owing under the Schedule must first be paid in full, the provisions of Sections 8f, 8g and 7d hereof roust be specifically complied with, and Lessee must enter into a new Schedule with Lessor to lease Property which replaces the Property fisted on the old Schedule. With respect to options (1) and (3), each party shall have the right in its absolute and sole discretion to accept or reject any terms of purchase or of any new Schedule, as applicable. In the event Lessor end Lessee have not agreed to either option (1) or (3) by the maturity of the Base Period, or if Lessee fails to give written notice of Its option via certified marl at least one hundred fifty (150) days prior to Use maturity of the Base Period, or if an Event of Default has occurred under any Lease, then option (2) shall apply at the maturity of the Base Period. At the maturity of the renewal period provided for In option (2) above, the Lease shall continue in effect at the rate specified in the respective Schedule for successive periods of six (6) months each subject to termination at the maturity of any such successive six-month renewal period by either Lessor or Lessee giving to the other party at best thirty (30) days prior written notice of termination." (1)

((8) See for Copy of Onset Contract with PPR purchase option.

Pacific Western Equipment Finance, Cottonwood Heights, Utah

Dorran Sampson, then Vice-President/Broker Relations, Marquette Equipment Finance, now Vice President Broker Relations Pacific Western Equipment Finance told Leasing News when the company was bought and became Pacific Western Equipment Finance (a division of Pacific Western Bank) they maintained the same position as Marquette.

"Our docs are the same as when we were with Marquette. Because we’re public now, it is very difficult to get documents released."

I asked him if he could send to a broker wanting to do business with him, "Sorry, can’t forward to you or your brokerage.

Leasing News has obtained a copy of a Pacific Western Equipment Finance agreement, and confirms the same procedures as their former company Marquette utilized:

“14. LESSEE’S OPTIONS AT END OF INITIAL PERIOD.

At the end of the Initial Period of any Lease, Lessee shall, provided at least one-hundred-eighty (180) days prior written notice is received by Lessor from Lessee via certified mail, do one of the following: (1) purchase the Property for a price to be determined by Lessor and Lessee, (2) extend the Lease for twelve (12) additional months at the rate specified on the respective Schedule, or (3) return the Property to Lessor at Lessee’s expense to a destination within the continental United States specified by Lessor and terminate the Schedule; provided, however, that for option (3) to apply, all accrued but unpaid late charges, interest, taxes, penalties, and any and all other sums due and owing under the Schedule must first be paid in full, the provisions of Sections 6(c) and (d) and 7(c) hereof must be specifically complied with, and Lessee must enter into a new Schedule with Lessor to lease Property which replaces the Property listed on the old Schedule. With respect to options (1) and (3), each party shall have the right in its absolute and sole discretion to accept or reject any terms of purchase or of any new Schedule, as applicable. IN THE EVENT LESSOR AND LESSEE HAVE NOT AGREED TO EITHER OPTION (1) OR (3) BY THE END OF THE INITIAL PERIOD OR IF LESSEE FAILS TO GIVE WRITTEN NOTICE OF ITS OPTION VIA CERTIFIED MAIL AT LEAST ONE-HUNDRED-EIGHTY (180) DAYS PRIOR TO THE TERMINATION OF THE INITIAL PERIOD, THEN OPTION (2) SHALL APPLY AT THE END OF THE INITIAL PERIOD. At the end of the extension period provided for in option (2) above, the Lease shall continue in effect at the rate specified in the respective Schedule for successive periods of six (6) months each subject to termination at the end of any such successive six (6) month renewal period by either Lessor or Lessee giving to the other party at least thirty (30) days prior written notice of termination” (10) (Also see Marquette listing)

(10) http://leasingnews.org/PDF/PacificWesternEquipmentFinance.pdf

Pacific Western Bank Responds to Evergreen Non-Notification
http://leasingnews.org/archives/Mar2013/3_28.htm#pacwest

Republic Bank, Bountiful, Utah Purchases and participates in extended Evergreen clause agreements.

They are legal in all states, except four states require advance notification be given to the lessee regarding termination of the lease and its residual (Four states: New York Rhode Island, Texas, Illinois (In Illinois, Consumer law, but may affect commercial, especially a proprietorship, partnership or personal guarantee)"

Tetra Financial Group, Salt Lake City, Utah Several routine "end of lease agreements, as alleged in Unified Container and Anderson Dairy (1)

“22. Mazuma Capital is associated with Republic Bank and obtains financing for its leases containing PRR provisions from Republic Bank.

23. Like what took place at Amplicon, Inc., the PRR scheme utilized by Matrix, Applied Financial, LLC, Mazuma Capital, Tetra Financial Group, LLC and others has begun to be exposed through litigation and negative press. See Deseret News (2) articles attached hereto as Exhibits B (2) and C. (3)”

Here is a case where New York courts threw out the Evergreen Clause as not legal in New York, even though venue appears to be Utah. (4))

(1) 36 main pdf
http://leasingnews.org/PDF/36main.pdf

(2) Deseret News
http://leasingnews.org/PDF/DeseretNewsarticle.pdf

(3) Exhibit C
http://leasingnews.org/PDF/ExhibitCDeseret.pdf

(4) Salon Management case
http://leasingnews.org/PDF/SalonManagement.pdf

(5) Mazuma Takes Exception on Being on Evergreen List
http://leasingnews.org/archives/Jul2012/7_30.htm#mazuma

(6) Order to Dismiss with Prejudice
http://leasingnews.org/PDF/Marquette_order_dismiss.pdf

(7) Copy of filing, including contract
http://leasingnews.org/PDF/Maquette.pdf

(8) Copy of Onset Contract with PPR purchase option
http://leasingnews.org/PDF/OnsetContract.pdf

(9) Marlin Response to posting.
http://leasingnews.org/archives/Jul2012/7_13.htm#response

 

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Twelve Attorneys Against Evergreen Abuse

The original intention of the Evergreen clause in an equipment leasing contract was to have an alternative to when the lessee did not exercise the residual at the end of the contract. Often the clause calls for an automatic additional twelve months when the residual is not resolved.

In most cases, the lessor notifies the lessee that the residual will be due, often ninety days in advance. However, often there is nothing in the contract that requires the lessor to notify the lessee regarding the expiration of the contract.

Contrarily, many small ticket lessors do not notify the lessee, and automatically continue the lease, often via an ACH or continued billing, which often goes unnoticed until many payments have already been made.

Leasing News would like to see an industry standard that lessees are notified in advance of the expiration of their contract regarding its termination. We support the clause, and the notification requirement is wide open, meaning 90, 60, even 30 days and by telephone or mail.

This list of attorneys agrees with this and will be available to lessees, sometimes able to help them without a fee, or at a reduced rate, in an effort to end the abuse of Evergreen clause leases.

Jim Coston
Coston & Coston LLC
105 W. Adams Street
Suite 1400
Chicago, Illinois 60603
(312) 205-1010
jcoston@costonlaw.com
(In 1998, he was elected to the United Association of Equipment
Leasing Board of Directors, and in 2003-04 was the first
attorney to become UAEL President, very active in his political party.)

Ronald J. Eisenberg
Schultz & Associates LLP
640 Cepi Drive, Suite A
Chesterfield, MO 63005
(636) 537-4645 x108
(636) 537-2599 (fax)
www.sl-lawyers.com
(Proven Leasing Litigator, well respected by all sides)

Ronald P. Gossett
Gossett & Gossett, P.A.
400 Seridan Street, Building I
Hollywood, Florida
954-983-2828
Fax: 954-983-2850
rongossett@gossettlaw.com
(Many cases including NorVergence, Brican, among others, a winner)

Ken Greene
Law Offices of Kenneth Charles Greene
5743 Corsa Avenue Suite 208
Westlake Village, California 91362
Tel: 818.575.9095
Fax: 805.435.7464
Skype: 424.235.1658
kenlaw100@gmail.com
(Ken was involved in the formation of Leasing News and
represented it (pro bono) in the early days.)

Peter S. Hemar, Esq.
Hemar & Associates, Attorneys at Law
2001 Wilshire Blvd., Suite 510
Santa Monica, CA 90403
Telephone: (310) 829-1948
Fax: (310) 829-1352
phemar@hemar.com
(My firm supports the clause giving lessees advance 
notice of the expiration of their contract.)

Brandon J. Mark
Attorney at Law, Admitted in Utah and Oregon
Parsons Behle & Latimer
201 South Main Street, Suite 1800
Salt Lake City, UT 84111
Direct Dial 801.536.6958
Facsimile 801.536.6111
www.parsonsbehle.com
BMark@parsonsbehle.com
(His firm represents banks who buy leases, and his
clients refuse to buy these types of leases.)

Barry S. Marks
MARKS & ASSOCIATES, P.C.
Financial Center - Suite 1615
505 North 20th Street
Birmingham, Alabama 35203
P. O. Box 11386
Birmingham, Alabama 35202
barry@leaselawyer.com
www.leaselawyer.com
205.251.8303
fax 278.8905 (Direct) 251.8305 (Main)
(Well-known to the leasing industry, also Alabama Poet)

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ste. 2200
Los Angeles, CA 90071
Voice: (213) 617-6129
Fax: (213) 625-1832
Cell: (213) 268-8291
Email: tmccurnin@bkolaw.com
(Leasing News Advisor/Leasing News Legal Editor,
Well-Known top Leasing Litigator)

Frank Peretore
Peretore & Peretore, P.C.
191 Woodport Road
Sparta, New Jersey 07871
www.peretore.com
(973) 729-8991
peretore@peretore.com
(Experienced leasing attorney, aggressive, author, secretary,
National Equipment Finance Association, ELFA, too)

Ellen Stern
Ellen Michele Stern
17630 El Mineral Rd
Perris, CA 92570
951-443-4000
leaselaw@msn.com
(Long time Southern California leasing attorney, well-respected)

Kevin E. Trabaris, Principal
Trabaris, P.C.
707 Skokie Boulevard, Suite 600
Northbrook, IL 60062
Direct: (847) 205-4377
Mobile: (847) 840-4687
Fax: (848) 260-5768
kevin@trabaris.com
www.trabaris.com
"In my career, I’ve repeatedly seen this provision misused
by unscrupulous lessors and think it’s a bad idea for both
the lessee and the lessor."

Michael J. Witt, Esq.
MICHAEL J. WITT LAW OFFICES
4342 Oakwood Lane
West Des Moines, IA 50265
Tel: (515) 657-8706
Mobile: (515) 868-1067
Fax: (515) 223-2352
witt-law@live.com
(Former Advanta Leasing
and Wells Fargo Equipment Finance attorney)

 

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New Hires—Promotions

 

Michael Alch was appointed Senior Vice President/Sales Team Leader - E. F., PNC, Chicago, Illinois. “He will lead his team, as they provide equipment financing solutions to middle market companies in Illinois, Indiana, Michigan, Missouri and Wisconsin.”   Previously, he was Vice-President-Relationship Manager, Fifth Third Bank (September, 2009 – May, 2014); Managing Director, Harrison Capital Corporation (November, 2008 – September ,2009); Vice President - Business Development, CIT Group, Inc. (August, 2005 – October, 2008); Senior Vice President, GE Capital Global Sponsor Finance (June, 2003 – July, 2005): Senior Vice President, JPMorgan Chase (FKA Banc One Leasing Corporation) (May, 1998 – May, 2003); Vice President, CIT Group, Inc. (January, 1981 – April, 1998); Assistant Treasurer, Wells Fargo (FKA Union Trust Company, (August, 1978 – January, 1981);  Six Sigma Green Belt Certified. Dartmouth College - The Tuck School of Business at Dartmouth, Executive Award, Credit & Financial Management (1986 – 1989), Sacred Heart University - The John ("Jack") F. Welch College of Business, M.B.A., Finance (1980 – 1982). Allegheny College, B.A., Economics (1974 – 1978). Activities and Societies: Alpha Chi Rho
www.linkedin.com/in/malch

Greg Buchanan has been promoted to Divisional Finance Manager, Midmarket Sales at EMC, Denver, Colorado. He joined the firm, February, 2011 as Area Finance Manager, Enterprise Sales.  Previously, he was Regional Manager, Finance , Oracle Credit Corporation (April, 2008 – February, 2011); Vice President, GE Healthcare (March, 2007 – March, 2008); Regional Vice President, Sales, First American Equipment Finance (November, 2003 – June, 2006); Founder,Milestone Capital, LLC (January, 2000 – September, 2003); National Account Manager, AT&T Capital (May, 1994 – January, 2000). Education: The University of British Columbia, BA, Economics (1991).
www.linkedin.com/in/buchanangreg

Scott Edwards was named Senior Vice President and Business Bank Sales Leader, Key Equipment Finance, Superior, Colorado.” In this role, Edwards will manage the business bank sales team as it provides equipment financing solutions to manufacturers and businesses. …Previously, Edwards was a Vice President/Commercial Lender for Key Bank and a direct originator for Key Equipment Finance. Before that, he worked for 18 years in a variety of commercial banking, vendor leasing sales and sales management positions with Colonial Pacific Leasing, NationsCredit, Textron Financial and Banner Bank. Edwards is a graduate of Oregon State University and the Pacific Coast Banking School.

Julie Fellows was named Chief Compliance Officer for Square Two Financial, Denver, Colorado. Previously, she was CEO and Founder, J.A. Fellows and Associates (February, 2014-May, 2014). She joined Key Equipment Finance, April, 1999, and was promoted to Senior Vice President, Portfolio Management (February, 2004-October, 2013). Previously she was Assistant Director, Capital Markets Group, Republic Financial Corporation (March, 1996 – March, 1999); National Bank Examiner, Office of the Comptroller of the Currency (1989 – 1996).
“She was actively involved on the University of Colorado Alumni Board of Directors for four years, and served as treasurer of the CU-Boulder Alumni Association an additional two years. As treasurer, she was a member of the executive committee, chaired the budget and finance Committee, and also served as a trustee on the University of Colorado Foundation board. Fellows also is involved with The Leadership Investment and its Leadership Ascent Program, and is a member of the organization’s Wise Women Council.” Education: University of Colorado at Boulder, Bachelor of Science (B.S.), Business Administration, Major - International Business with emphases in Finance and Marketing. London School of Business and Finance, International Finance and Politics, The Leadership Investment, Leadership Ascent Program,  Organizational Leadership (2012 – 2013).
www.linkedin.com/in/juliefellows

Amy (Gross) Gestal was hired as Vice President at Key Equipment Finance, Superior, Colorado. Previously she was at Leveraged Finance KeyBanc Capital Markets (January, 2013 – May,2014),  She joined Key Equipment Finance May, 2006, as Lease Origination Administrator; promoted to Account Manager. Then in February, 2007, Vendor Service Representative. December, 2007, promoted to Inside Sales Rep (Bank Channel); July, 2009, Inside Sales Rep (Healthcare Vertical); 2011, Credit Analyst (Mid Ticket IT). Honors & Awards: KEF Spot Award-2012. KEF Spot Award-2011. KEF Sales Achievement Award-2010. Education: Kenyon College, Bachelor of Arts (B.A.), Political Science (2001–2005). Shaker Heights High School (1997–2001).
www.linkedin.com/pub/amy-gestal/14/185/153

Jennifer Martin promoted to Mgr., Vendor Program Development and Originations Controls at Key Equipment Finance, Albany, New York . She joined the firm in 1995 and rose from originations manager to senior project manager, November, 2013. She is Communications Chair for the Key4Women Capital Region Steering Committee, Key4Women (February, 2007-Present) and investor/promoter for her husband's company Mad Hatter Productions (June, 2009-Present). Board Member, Duanesburg Area Community Center (2010–2010).Languages: Sign Languages. Duanesburg Heat AAU basketball, Founder, Treasurer (March 2012–Present). Additional Organizations: Twin Rivers Council; Boy Scouts of America Duanesburg Little League. College at St. Rose psychology (2001–2003), South Colonie (1987–1991).
www.linkedin.com/pub/jennifer-martin/9/866/76/

Lynn Nichols joined Good Choices Good Life, Houston, Texas as Director of Development, “a new nonprofit which is dedicated to helping people “make better choices” in this increasingly complicated world. Via its new website, currently under development.”  Previously she was Managing Partner, First Delta Financial, Inc. (October, 2011 – May, 2014); Senior Account Executive, Presidio Technology Leasing (2008 – 2010);  VP Sales/South Central Region, GE Commercial Finance (2005 – 2008); National Account Manager, Forsythe Solutions Group (January, 1996 – January, 2005); National Account, Manager/Business Development Manager, IBM Global Finance (January, 1992–January, 1996).
www.linkedin.com/in/lnichols3090

Kenneth Pierson was hired as Senior Vice President, GM, Locomotives at CIT, Chicago, Illinois.  Previously, he was Vice President, Global Sales and Marketing, Customer Service, Westinghouse Air Brake Tech.- Motive Power Division (June, 2010–May, 2014); Commercial Leader, Asia-Pacific (Managing Director, Asia-Pacific. Jan-2008 to Jan-2009) GE Transportation (January, 2004–June, 2010); Director, International Sales, GE Transportation Global Signaling (formerly Harmon Industries) (1997–2004). Languages: Japanese. Education: GE Crotonville Management School Certificate, Manager Development Course (2005–2005). University of Missouri-Kansas City, Master of Science, Accounting and Finance (2000–2003) 12 credits needed to graduate. Postponed studies for move to India. State University of New York at Stony Brook, Bachelor of Science, Electrical Engineering (1980–1984).
www.linkedin.com/pub/kenneth-pierson/7/592/28

Paul Poljak was hired as VP Commercial Leasing Manager at NexTier Leasing, NexTier Bank, Butler, Pennsylvania; based in Pittsburg, Pennsylvania.  Previously he was Managing Director, Allegheny Valley Bank (September, 2008–June, 2014); SVP, Pennsylvania Capital Bank (1996–2000).
www.linkedin.com/pub/paul-poljak/1b/294/763

Jeff Walters has been promoted to Chief Operating Officer at Ver, Billings, Montana. He joined the firm August, 2011 as Director of Operations.  Previously, he was Chief Operating Officer Stillwater Leasing (June, 2007-June, 2011). Honors & Awards: Governor's Business Awards in Montana and North Dakota. Mayor's Award – Glendive, MT.  Organizations: Billings Chamber of Commerce-Board of Directors. Education: St. John's University, BA, Business (1980–1984). Activities and Societies: Basketball
www.linkedin.com/pub/jeff-walters/14/21/950

 

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Leasing Industry Help Wanted

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees. 

Beige Book---Lending Activity Increased
Federal Reserve Positive News

Overall lending activity increased throughout the nation. Roughly two-thirds of the Districts reported rising loan demand, with particular strength reported in New York and San Francisco. Credit quality and delinquency rates generally improved, while credit standards were mostly unchanged.

Banking and Financial Services
All Districts reporting on banking noted that lending activity increased. Loan demand was reported as strong by New York and San Francisco, while more modest growth was reported by Philadelphia, Richmond, Chicago, St. Louis, Kansas City, and Dallas. Commercial and industrial loans grew in the Philadelphia, Richmond, Chicago, and Kansas City Districts. On the consumer lending side, several Districts noted that the demand for auto loans was particularly strong, including Cleveland, Atlanta, Chicago, Dallas, and San Francisco, though such lending was reported to be up only slightly in the St. Louis District. Residential real estate lending increased in the Chicago, Kansas City, and Dallas Districts, while mortgage lending activity was reported as holding steady in the Atlanta and San Francisco Districts. By contrast, both Cleveland and Richmond reported slightly weaker mortgage lending activity, and New York and Richmond reported a decline in mortgage refinancing.
Credit quality was reported as strong in the San Francisco District, loan quality improved in the Philadelphia and Dallas Districts, and delinquency rates were somewhat lower in the New York, Cleveland, and St. Louis Districts. Credit quality was reported as stable by Richmond and Kansas City. Credit standards were seen as largely unchanged in the New York, Philadelphia, Cleveland, and Kansas City Districts, while St. Louis reported that credit standards for commercial and industrial loans had eased slightly.

District Reports:

Boston
www.federalreserve.gov/monetarypolicy/beigebook/

New York
www.federalreserve.gov/monetarypolicy/beigebook/

Philadelphia
www.federalreserve.gov/monetarypolicy/beigebook/

Cleveland
www.federalreserve.gov/monetarypolicy/beigebook/

Richmond
www.federalreserve.gov/monetarypolicy/beigebook

Atlanta
www.federalreserve.gov/monetarypolicy/beigebook/

Chicago
www.federalreserve.gov/monetarypolicy/beigebook/

St. Louis
www.federalreserve.gov/monetarypolicy/beigebook/

Minneapolis
www.federalreserve.gov/monetarypolicy/beigebook/

Kansas City
www.federalreserve.gov/monetarypolicy/beigebook/

Dallas
www.federalreserve.gov/monetarypolicy/beigebook/

San Francisco
www.federalreserve.gov/monetarypolicy/beigebook/

Full Report:
http://www.federalreserve.gov/monetarypolicy 

 

• Contract Negotiations • Fraud Investigations  • Credit Investigations • Skip-tracing  • Third-party Commercial Collections John Kenny  Receivables Management For flat fee or commissions basis  john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)

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Capital Conferences---2014

Beijing, China

June 18-20, 2014
China Leasing Summit 2014
Sixth Annual Conference
Crowne Plaza Beijing Chaoyang U-Town
Beijing, China

Leasing News is one of the Media Sponsors 
for the China Leasing Summit 2014

"The Chinese leasing industry is gearing up for an eventful year in 2014 as profound changes and broad reforms take full effect in China’s market. In this year leasing companies will see the full effects of programs such as the national value-added tax reform and the opening of the Shanghai (Pilot) Free Trade Zone, along with the rapid evolution of China’s transportation system."

"This summit will gather regional government officials, vendor representatives, national organizations and industry leaders to unveil statistical data on the 2013 China leasing market, foster a thorough understanding of the current status and developmental potential of the market. They will share the experience on product models and avoid the homogenization of products. There is no doubt that this summit will provide a premier platform for its delegates to establish strategic cooperative partnerships, expand business. We firmly believe that your outstanding industrial background and broad knowledge would contribute significantly to the quality and scope of this summit."

http://www.duxes-events.com/lease14/

 

September 4-6
2014 Eastern Regional Meeting
Lord Baltimore Hotel
Baltimore, MD

September 10-12
Canadian Finance and Leasing Association
The Fairmont Chateau Whistler
Whistler, British Columbia

September 18-20

Hyatt Regency San Antonio Riverwalk
123 Losoya Street
San Antonio, Texas  78205
United States

September 19 - 20, 2014
Tianjin, China
Sudhir Amembal: 
The First Global Leasing Industry Competitiveness Forum
For More Information:
kelly@amembalandassociates.com 

October 19-21
2014 53rd Annual Convention
Manchester Grand Hyatt
San Diego, CA

November 5-7
34th Annual AGLF Fall Conference
Loews Ventana Canyon
Tucson, Arizona

November 6 - 8
2014 Western Regional Meeting
Hyatt Regency Irvine
Irvine, CA

November 12 - 14
Commercial Finance Association
70th Annual Convention
Washington Marriott Wardman Park
Washington, D.C.

November 16 -17
NJ Expo Regional
Teaneck, New Jersey
(Sunday evening- All Day Monday)

November 18 - 21, 2014
Istanbul, Turkey
The Third Annual Operating Lease Conference

"Three prominent and qualified speakers have been added to the agenda.
They are: Stephan van Beek, Senior Director Sales & Marketing Development - EMEA, Oracle Financing, an expert on software leasing; Arnaldo Rodriguez, President – International Division, CSI Leasing, who is the epitome of having successfully globalized the product; and, Esteban Gaviria, CEO, Leasing Bancolombia, who leads the most successful bank-held operating leasing company in Latin America. I will chair the conference and also teach a two-day seminar preceding the conference."
          Sudhir Amembal

For More Information:
kelly@amembalandassociates.com

CFA Related Conferences
http://www.leasingnews.org/PDF/CFAConferences_2014.pdf

CFA Network Calendar
http://www.leasingnews.org/PDF/CFAEventsCalendar_2014.pdf

ELFA ---2014 Schedule of Conferences, Workshops
and e-Learning Opportunities
http://www.leasingnews.org/PDF/ELFA2014ScheduleInfo_1212014.pdf

 

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##### Press Release ############################

De Lage Landen Team-Building Comes to Life
In Clipper Sailing Race, Build-A-Bike Benefit

Greater Philadelphia, Atlanta and Des Moines offices take part

WAYNE, Pa.,— As De Lage Landen employees from the U.S. sail the grueling Clipper Round the World Yacht Race, colleagues back at the office will live the team-building metaphor with a Build-A-Bike benefit for local chapters of the Boys & Girls Clubs in Philadelphia, Story County, Iowa, and Metro Atlanta, Friday, June 6, 2014.

Jeffrey Berg

“We are bringing the teamwork metaphor to life — on sea with the clipper race, and on land with the Build-A-Bike event,” said Jeffrey Berg, U.S. Country Manager of De Lage Landen (DLL), a global provider of asset based financial solutions.  “This exercise is a tangible way to continue strengthening our ability to make connections throughout the business — developing from within so we can offer true partnerships with our customers and contribute to the local communities where we live and work.”

DLL ‘sailors’ nearing final leg

Nineteen of DLL’s 5,400 staff members in 36 countries were selected to train as amateur sailors for the Clipper race. The four Americans participating are: 

Abdoulaye Tangara, inside sales executive with DLL’s Agco Finance office in Duluth, who sailed Leg 1 from London to Rio de Janeiro

Karen Ballard, credit manager for DLL in Wayne, who sailed
 Leg 6 from Qingdao, China to San Francisco

Eric Riesberg, credit underwriter with DLL’s Agricredit in Des Moines, who just completed Leg 7 from San Francisco to New York

Corinne MacCarty, structured sales support analyst for DLL in Wayne, who will sail the final leg from New York to London (June 7th)

--------------

Jeff Berg

“Our objective to participate in the Clipper race was driven by our ambition to grow into   a globally networked organization. Having one of our own members on each leg of the journey makes it very real and recognizable,” Berg explained. “In order for all U.S. employees to experience what the race stands for, they will take part in the original team-building exercise — Build-A-Bike.”

Eighty-six teams in Wayne, 22 in Des Moines and eight in Duluth will participate in the office event. Berg noted that each team represents a cross-functional section of the company, led by a leader they have never worked closely with, making teamwork a requirement to complete their tasks.
  

Blog posts by crew members and information can be found
 on the One DLL website: www.one-dll.com.

About DLL
De Lage Landen is a fully-owned subsidiary of Rabobank, offering asset financing and leasing to equipment manufacturers, dealers and distributors around the world. DLL focuses on a selection of industries including food and agriculture, healthcare, construction, transportation and industrial, office technology and mobility. For more information, visit www.delagelanden.com.

### Press Release ############################

 

Labrador Retriever Mix
Radnor, Pennsylvania  Adopt-a-Dog



Cedar

Gender: Male
Age: 6 years as of 11/12
Weight: 71 lbs.
Neutered
Compatibility---
Children: Not recommended
Cats: Not recommended
Dogs: Unsure

http://www.leasingnews.org/items/adopt2_662014.jpg

“I’m Cedar and I am a handsome guy, aren’t I? I didn’t have a good start in life. I thought I was going to be happy in my first home, but it turned out to be very scary. I lived with 3 college boys and I don’t think they knew much about taking care of dogs. I lived in a home that was very busy and had lots of noises and many strange people coming in and out.  I just didn’t adapt well to that environment. I was scared all the time and I didn’t get the attention I needed to help calm my fears and make me feel secure. Eventually I was given back to the shelter. I honestly think that was the best thing for me. It wasn’t an appropriate home for me.  Unfortunately my experiences left me shy and fearful of some situations. Loud noises, cameras, power tools, etc. leave me hiding behind someone’s leg.

“You would be so impressed on how well I know my stuff! If there was a prize for best leash walker I’d win 1st prize. I don’t mean to brag or anything, but if you got the skill, flaunt it!

“I’ve been here for quite some time and I think it’s because I’m really shy when I meet new people. Not everyone is a social butterfly! But once you get to know me and give me lots of yummy treats I will be the sweetest guy you’ll ever find. Ellie is my best girl here at the shelter. When you visit the shelter you will see us romping and playing together. We are very loved by all the volunteers and staff members here. Everyone loves to take us for walks and give us lots of hugs and kisses. You will also be impressed that I know all of my obedience skills.  Taking me for a walk is so easy; you can actually just stroll along with me and enjoy the experience. That’s one plus about having all the volunteers walk and work with me on a daily basis.

“If you’re not too sure about a shy guy just ask anyone here and they’ll tell you I’m amazing! I’m very comfortable with my friends at the shelter and they make my life joyful.  Even though I am very much loved here, it’s still not the life I want to live.  I hope someday someone with a huge heart, maybe someone who is a fellow wallflower, will finally come and take me home….. forever.”

Oh, by the way, I am really camera shy. Call me modest, but I hate getting my picture taken. Everyone says I’m silly because I am such a handsome boy, but no one can see it! You’ll have to come meet me in person to see how truly handsome I am!

*Cedar needs someone that is willing to come out to the shelter and get to know him before going home. He’s had too much heartbreak in his life and needs to feel safe and comfortable with his people.

Francisvale Home
328 Upper Gulph Road
Radnor, PA 19087
610-688-1018
610-688-2159 Fax
For adoption inquires – francisvaleadoptions@gmail.com

Please note: If you are using a GPS to drive to Francisvale, you may need to enter the street address as 328 NEW GULPH Road. or, use GPS coordinates N40.06127 W75.35998.

Hours of operation:
Monday through Sunday by appointment only.

Adopt a Pet
http://www.adoptapet.com/

 

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Leasing Icon Jeff Allard’s Latest Film “Ping Pong”
Starring Susan Sarandon

“I miss the business much, especially my days at Warren Capital and Bay View.  I've got my latest feature film, “PING PONG SUMMER,” starring Susan Sarandon is coming out in select theaters and nationwide On Demand on 6/6.  Maybe you can give us a shout-out in your next edition!  You can also rent/buy two other films I produced last year, “HOLY GHOST PEOPLE” and “LIARS ALL.”

Enough plugs for now!

Here's the trailer for “PING PONG SUMMER”

Jeffrey Allard

 

Fernando's View
By Fernando F. Croce

A pair of sleepers ("Cold in July" and "Palo Alto") come to theaters, while DVD releases offer action remakes and sequels ("Robocop," "Jack Ryan: Shadow Recruit") along with a fun documentary ("Tim's Vermeer").

In Theaters:

Cold in July (IFC Films): The influence of Martin Scorsese's "Cape Fear" and the Coen Brothers' "Blood Simple" echoes throughout this suspenseful thriller, directed with a sure hand by Jim Mickle. The film begins in the middle of a home invasion, with family man Richard (Michael C. Hall, from TV's "Dexter") killing a burglar during a midnight confrontation. Richard's queasiness about his newfound "heroism" is compounded by threats made by the invader's father Ben (Sam Shepard, in top menacing form). That's when Richard, like any good neo-noir antihero, must face his inner demons in a revenge plot that increasingly tightens around his neck like a vise. A dark-tinged indie with robustly spare style and punchy performances (including a terrific, movie-stealing turn from Don Johnson), this is one of the season's most solid sleepers.

Palo Alto (Tribeca Film): A dynasty that doesn't stop providing cinematic talent, the Coppola family adds yet another notable director to its ranks with this sensitive directorial debut from Gia Coppola. Based on a series of short stories by James Franco, the film stars Emma Roberts as April, a timid high-school student who's torn between her crushes on a sweet-natured pothead (Jack Kilmer) and her coach (Franco). April's shyness is contrasted with the brashness of her colleague Emily (Zoe Levin), whose precocious ways click with the recklessness of Fred (Nat Wolff). As they float from one class and party to the next, the film's various characters and storylines merge in a fragile balance of yearning and anxiety. With a sympathetic eye to young emotions and a dreamy flow reminescent of her older sister Sofia, Coppola's promising feature is a tender coming-of-age story.

Netflix Tip: To see Sam Shepard and Don Johnson shine in “Cold in July” is to feel the pleasure of watching experienced, underrated actors digging into meaty roles. So check out Netflix for some of their earlier movies, which include “Days of Heaven” (1978), “The Right Stuff” (1983), “The Hot Spot” (1990) and “Tin Cup” (1996).

On DVD:

RoboCop (Fox): Made in 1987, Paul Verhoeven's original "RoboCop" was a unique action film that pushed blockbuster boundaries while gleefully subverting them. This remake doesn't have the same fury, but on its own terms succeeds as a sleek and engaging futuristic thriller. Set in 2028, the story focuses on Alex Murphy (Joel Kinnaman), a police officer who, after being grievously wounded in the line of duty, is turned into the new product from powerful corporation OmniCorp -- a half-man, half-machine law enforcer. With his mind trapped inside a gleaming steel armor, Murphy becomes a one-man, crime-fighting army... that is, until memories of his lost family and the truth about the company's corrupt boss (Michael Keaton) complicate things. Directed by Jose Padilha and with a supporting cast that includes Abbie Cornish and Samuel L. Jackson, the film mixes excitement with social commentary.

Jack Ryan: Shadow Recruit (Paramount): Having already appeared in a series of action blockbusters (including "The Hunt for the Red October" and "Clear and Present Danger"), Tom Clancy's famous character Jack Ryan returns in this brisk, exciting thriller. Focusing on his younger years as a CIA analyst, the plot follows Ryan (played by Chris Pine) as he recuperates from a helicopter crash following a mission in Afghanistan. That's when he's approached by agent Harper (Kevin Costner) and convinced to infiltrate the halls of Wall Street, where he stumbles upon some sinister skullduggery involving a mysterious Russian broker named Cherevin (played by Kenneth Branagh, the movie's director). Can a plot to control global economy be far off? With its fast pace, exciting set pieces and smart intrigue, Branagh's film offers an enjoyable reboot of a sturdy movie hero.

Tim's Vermeer (Sony): Were Vermeer's paintings just a little too precise? That's the question asked by Penn Jillette and Teller, the comic duo known for their love of debunking myths, and who turn their inquisitive gaze at the works of the 17th-century Dutch artist in this hugely enjoyable documentary. The movie's main investigator is Tim Jenison, a San Antonio inventor who posits the theory that Vermeer could not have painted the way he did without a bit of "cheating" help from optical devices. With a brush in one hand and a mirror in another, he sets out to prove his idea by recreating one of the legendary painter's works. Combining concepts of creativity and technology with plenty of sly humor, the film is a comic detective story as well as a fascinating portrait of obsession. Art history debates are rarely this much fun.

  

News Briefs----

Ex-Georgia Banker Aubrey Lee Price Pleads Guilty
http://www.ajc.com/news/business/ex-banker-charged-with-embezzlement-changes-plea-t/ngDrK/

S.E.C. Chief Calls for Sweeping Changes to Stock Market Rules
http://dealbook.nytimes.com/2014/06/05/s-e-c-chief-calls-for-sweeping-changes-to-stock-market-rules/

16% of stay-at-home parents are dads, up from 10% in 1989
http://www.latimes.com/business/la-fi-number-of-dads-staying-home-with-their-kids-is-up-sharply-study-says-20140605-story.html

Mobile advertising spend up 109% and video up by 65% in Q1
http://www.thedrum.com/news/2014/06/04/mobile-advertising-spend-109-and-video-65-q1-2014-says-turn-report

Younger customers open to alternative banks
http://www.ababj.com/component/k2/item/4666-younger-customers-open-to-alternative-banks

 

 (Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

 

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--You May Have Missed It

Films to watch for the 70th anniversary of D-Day
http://nypost.com/2014/06/05/films-to-watch-for-the-70th-anniversary-of-d-day/



[headlines]
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SparkPeople--Live Healthier and Longer

The 9 Healthiest Coffee Drinks and Smoothies
http://www.sparkpeople.com/blog/blog.asp?
post=9_healthiest_coffee_drinks_and_smoothies

[headlines]
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Baseball Poem

Double Play

From the book

That Sweet Diamond

by Paul B. Janeczko, Carole Katchen (Illustrator)

The runner is
a non-swimmer in deep water,
inching from the bag
timid
returning in alarm.
The shortstop and second baseman
are schoolboys
passing secrets
behind the pitcher's back.
Moving before the pitch,
the shortstop dashes to the bag
glove up in anticipation
as runner and
peg from his partner at second
approach.
He drags the toe of his right shoe
across the bag
as the ball slaps home
and he leaps
to avoid the spikes.
Resting in air
safely above the slide
long enough to throw to first
before he tumbles to the dirt,
his eyes on the ball
the mitt
until
the umpire's confirmation of perfection.

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Sports Briefs----

Phil Mickelson, the king of the flop shot, gives us another great one on Thursday at the St. Jude
http://sports.yahoo.com/blogs/golf-devil-ball-golf/phil-mickelson--the-king-of-the-flop-shot--gives-us-another-great-one-on-thursday-at-the-st--jude-205613880.html

Donald Sterling's Last Laugh: Tax-Free $2 Billion Clippers Sale
http://www.forbes.com/sites/robertwood/2014/06/04/donald-sterlings-last-laugh-tax-free-2-billion-clippers-sale/

Bears add former Notre Dame QB Clausen to mix
http://www.chicagotribune.com/sports/football/bears/chi-jimmy-clausen-signs-20140605,0,710691.story

[headlines]
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California Nuts Briefs---

Last Surviving Member of Unit to Open D-Day Wine
(Looks like 1938 Chateau Latour)
http://www.sacbee.com/pictures/index.html?image=1

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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Michael Mondavi Sells His Carneros Winery Facility
http://www.winebusiness.com/content/file/
Media_Release_Winery_of_Napa_Valley_sells_Carneros_Interests.pdf

Kenwood winery wins $1 million SBA loan for upgrades
http://www.pressdemocrat.com/article/20140604/business/140609815

Wine Losing On-Premise Sales
http://www.winesandvines.com/
template.cfm?section=news&content=133541

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm