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The only annually-updated international reference book for the asset financing and leasing industry available. The new 25th edition includes the latest market trends , over 100 authoritative articles and reports on the leasing software and IT market, an exclusive ranking of the top 50 leasing markets by size worldwide with feature profiles from Africa to Venezuela PLUS a directory of over 4,400 contacts. HOW TO ORDER - Simply call our Customer Hotline on +44 (0) 20 7779 8999 or toll free in the US +1 800 437 9997. Alternatively visit https://www.euromoneyplc.com/ to order online |
Leasing News
www.leasingnews.org,
Wednesday, June 16,2004
Independent,
unbiased and fair news about the Leasing Industry
Headlines---
Placard----You
May Be Going Downhill
Butler
Capital forms alliance with Mitsui & Co
American
Lease Insurance Helps Commercial Lease Grow
Michael
Dean Joins Blackwell Consulting Services
StorageTek
Names Insight Investments Third-Party Lessor
Tarry
Shebesta to Speak on Re-Leasing Off-Lease Vehicles
U.S.
Fastest Growing Leasing Co. Hires Cusick to Manage Data
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
Classified
Ads-------Sales
Sales: Atlanta,
GA.
Accomplished leasing pro sales & sales management w/extensive exper., people skills; Multi-industry, small-mid ticket, vendor & direct. Skilled producer w/good book profitable business.
Email: leasepro4@aol.com
Sales: Bakersfield,
CA.
I have an extensive sales and management background in equipment leasing. My work history exhibits my major strength in small ticket equipment leasing.
Email: pangress@msn.com
Sales: Boston,
MA.
Middle market originator,
construction/Trucks /
Trailers w/ 8 years in territory, looking for company / bank with competitive products
Email: mrichlease@comcast.net
Sales: Central,
NC.
7 yrs.equip leasing &finance; specialist in heavy construction equip for 2-top-5-specialty finance/lease companies, NC &VA territories. $10-15MM annual funding. Downsized in 2002, now independent broker with varied customer base.
Email: sunriseleasing@aol.com
Sales: Chicago,
IL. 12+ yrs multinational/national sales & business development.
Seeking role with captive lessor or global leasing company. Will relo
right opportunity. Experience structuring complex transactions. Email:
leasingismylife@yahoo.com
Sales: Dallas,
TX
30 years lease experience.
Looking for Lender wanting to get into the Electronic Market can bring
11 years experience with national
Email: alpnb@msn.com
Sales: Denver
CO.
Experienced Equipment Leasing Broker looking for a in house leasing company. Can bring a book of business with me or develop new territory where needed.
Email: Steven@eagle2.net
Sales: Denver,
OR.
Broker representative:
Seek employment or partnership w/estab. finance group. Prior engineer
making career change. Have pursued extensive self-education/ formal
training.
Email: dbrown@thirdwavefinance.com
Sales: Denver,
CO.
17 yr sales exp.. in leasing sales (territory, National Accts, Sales mgt.) looking to bring experience to s sales/sales mgt role. Successful, accountable, ethical, aggressive, results.
Email: lease442000@yahoo.com
Sales: Detroit,
MI.
7 years experience in IT small/mid ticket leasing with Fortune 100 co. Greenbelt certified in Six Sigma. Excellent communication, presentation & negotiation skills.
Email: susanchupa@hotmail.com
Sales: Detroit, MI. 16-year lease veteran looking for opportunity in the Detroit area. Ability to bring on new accounts and manage existing base. Up to 60% travel acceptable.
Email: ebonbri@aol.com
Sales: Detroit
Mi
5 yrs sales experience in IT small ticket leasing/Greenbelt Certified with Fortune 100 company/strong communication and negotiation skills/book of business available.
Email: scottpoko@comcast.net
Sales: Greensboro, N.C. Seeking direct & broker sales w/major finance companies in NC or southeast market. Small to mid-ticket range. Stable &family oriented. Will have series 6,63,65 license shortly.
Email: kc1492@aol.com
Sales: Hartford, CT. 10+ yrs leasing sales exp.; multi-industry, small-large ticket, Direct, Vendor, and Captive exp. Seeking sales position with captive or independent company with equity investment capability.
Email: bcurt95@aol.com
Sales: Jacksonville,
FL.
Seasoned equipment leasing professional, with over 10 years of experience, looking for position in business development in Northern Florida territory.
Email: rene.bradshaw@superig.com.br
Sales: Kansas
City, MO.
15+ years in finance/leasing
industry, extensive
knowledge in sales
and management. Specializing in construction,
Email: Financerep@aol.com
Sales: Los
Angeles, CA.
12+years Leasing
sales, underwriting/contract exper. including hi-tech, govt, direct
& vendor leasing. Seeking role w/institution or captive. Exper.
w/ complex transactions, including securities. Possible relocation.
Email: rahlease04@hotmail.com
Sales: Louisville,
KY
I have been in leasing/financing
of construction, machine tool, and mfg equipment for 20+ years. Traveled
KY, IN, OH and TN.
Email: kyle90@msn.com
Sales: Mission
Viejo, CA
Account Sales Executive
with 10 years of leasing experience looking for company to bring existing
customer base.
Email: makelly21@hotmail.com
Sales: Montgomery,
AL.
Individual with 10
years advertising sales exp. & 7 years insurance sales exp. Wants
independent contractor situation in Alabama.
E-mail: billmcneal2003@yahoo.com
Sales: Nashua,
NH.
10+ years sales experience small & mid-ticket hi-tech & telecom in a captive and vendor environment. Seeking new sales opportunity in New England.
E-mail: RPepa@aol.com
Sales: Orange
County, CA.
Skilled deal-closer at above-average rates. Entrepreneurial. Accomplished lease-structurer specializing in transportation. Exp. in direct/captive & syndicator environments servicing vendors, brokers, & end-users.
Email: originator@sbcglobal.net
Sales: Philadelphia
, PA Seeking an open opportunity to advance in the automotive, commercial
leasing & finance industry.........
Email: alexe362002@yahoo.com
Sales: Prairie Village, KS Have substantial deal flow and database of broker referral sources. Generated and closed over $22M LY. Seeking exclusive relationship w/direct founder.
Email: fiergl@aol.com
Sales: Princeton,
NJ: Regional Sales Manager: Last 15 years with captive. Knowledgeable
in all aspects of leasing. Application to funding. Worked with 25 salespeople
- east coast.
Email: denisregan@msn.com
Sales: St.
Louis, MO
Proven equipment finance sales professional looking for a new challenge which rewards success. Equipment type and location open provided you want business.
Email: amlifter@aol.com
Sales: San
Bernardino, CA.
Account executive
w/4 years exp. in small ticket &lower end middle market lease transactions,
Outstanding ACT database compiled of over 500 vendors. Seeking a career
driven position w/a reputable lessor
Email: moneytoloan@hotmail.com
Sales: San
Francisco Bay Area, CA
10+ yrs in middle market leasing. Seek direct lessor only. Transaction size from $500M to $10.0MM. Client base: printing, food, retail, manufacturing.
Email: edm173@sbcglobal.net
Sales: San
Francisco, CA.
18 years of sales production, the last 10 in technology leasing to both traditional and emerging growth credits. Seeking direct funder. I can close for you!
email: bamrborges@msn.com
Sales: San
Francisco, CA.
Middle market originator. Transaction size $500M to $15.0MM. Industries: food processing; distributors; plastics; retail; heavy manufacturer. Seek direct lessor employment only. 10 yrs B/D experience.
Email: major104@sbcglobal.net
Sales: South
Central U.S.
TX, OK, KS &
AR Territory.
Equipment finance
and leasing professional,
to upper middle markets. Extensive customer base.
Email: leasingrep2004@yahoo.com
Sales: Stuart, Fl. 17 years exp. leasing in small ticket and large ticket, portfolio management exp. along with sales management and administrative background, strong sales and marketing skills.
Email: sales@rvcglobal.com
Sales: Tampa, FL. 27 years experience. Very adept in bank lease programs and direct sales in MM/LT. Looking to re-enter the industry. Will relocate to Texas. Hungry.
Email: cwilliams@triit.com
To view 101 “Job Wanted” ads, please go to:
http://64.125.68.90/LeasingNews/JobPostings.htm
----------------------------------------------------------------------------
Please send to a
colleague. Also ask them to
subscribe.
We are "free."
-------------------------------------------------------------------------------
Ten sponsors paid
$200 each to employ attorney Ken Greene to create
Steve Chriest
Diablo Capital
1710 Les Trampas
Rd.
Alamo, California 94507
925-570-5459
bcarlile@allegiant-partners.com
Ben Carlile
Allegiant Partners Incorporate
999 Fifth Avenue,
Suite 300
San Rafael, Ca 94901
(415)257-4200
Patrick Byrne
Balboa Capital
2010 Main Street
11th Floor
Irvine, Ca. 92614
949.756.0800
Warren Hawkins
Bank Partners
2496 Rocky Ridge
Road
Box 43738
Alabama, Ca. 35243
800-456-6639
Gary Saulter
Chase Industries 109 Ottawa Ave.
Grand Rapids, MI 49503
(616) 459-6800
Gary Trebels, CLP
8700 Waukegan Road
Suite 100
Morton Grove, IL 60053-2103
(847) 663-6700
Theresa Kabot
Kabot Commercial Leasing
7043 - 12th Ave.,
N.W.
Seattle, WA 98117
206) 301-9960
Charlie Lester
LPI Financial Services
3535
Roswell Road Suite 62
Marietta,
GA 30062
800-573-7796
blarsen@leasingpartnerscapital.com
Bruce Larsen
Leasing Partners
Capital
1211 Hamburg Turnpike
Wayne, New Jersey
07470
(973)709-01181 1211 Hamburg Turnpike, Wayne, New Jersey 07470973)709-01
Mark Watkins
Geneva Capital LLC
522 1/2 Broadway
Street
Alexandria, MN 56308
800.408.9352
The instructions
to Ken was to basically make it “simple” and keep to one page. It is a template format to join the other
Letters of Engagement section on Leasing News.
The agreement was
not only reviewed by the sponsors, but by approximately thirty attorneys,
mostly who specialized in leasing, and two California superior court
judges. It took some time for the review, to say the
least.
The bottom line, most had “no comment.” There were several suggestions. In addition, most were like
David Mayer:
“We tend to customize
agreements for each deal, starting with a broker's form in many cases.
The business deal dictates who keeps the bucks in a busted deal.”
Regards,
David
David G. Mayer
Patton Boggs LLP
2001 Ross Avenue
Suite 3000
Dallas, Texas 75201
Tel: (214) 758-1545
Fax: (214) 758-1550
Author of Business Leasing For Dummies
Founder & Publisher of Business Leasing News
http://www.pattonboggs.com/newsletters/bln
There were several
suggestions we did not adopt, not because they did not have validity,
but would expand the concept to a second page.
We realize this document could not be represented as “tested,”
as it is not, plus different states have different laws regarding “deposits”
and “advance rentals.” Such
things as adding that the expenses would
it had value, but
we realized that in arbitration or any
if necessary.
We also assumed that
receipts for expenses would be required in
In addition, there are other commitment letters that contain the
other suggested provisions in the collection
of Letters of Engagement. This
was specifically designed to help spell out an agreement to keep expenses
incurred in processing an application when the lease does not fund.
We very much appreciate
the time put in by those who sent us
By the way, those that made a comment were quite complimentary of Ken Greene efforts, such as from
Ray Garwacki:
“Since you sent it
to 15 different lawyers you are going to get 27 different responses
and/or improvements. (We originally started with 15.)
“For what it is intended
to be and within the guidelines as outlined it is a good starting point.
The key is that everyone knows that it will be modified on a deal by
deal basis.
“ Ken has
done a good job in coming up with this template.”
Ray Garwacki
“This is a good,
basic form to which address a basic, bottom-line situation which frequently
arises in our industry. It obviously
is to be used as a starting point, because every transaction requires
individual scrutiny and draftsmanship.
“Being able to
keep this form to a single page is a big advantage.
An excellent effort by Ken Greene.”
James E. Coston
We advise that any
document you would like to utilize that you review with your own legal
counsel first. It may save you
a lot of money in the long run.
Greene Agreement
to Keep Expenses
THIS AGREEMENT is
executed on __________________, between
____________(APPLICANT”)
and YOUR COMPANY NAME.WHERAS the
APPLICANT desires
and YOUR COMPANY NAME agrees to seek lease financing for certain personal
property selected by APPLICANT:
1. APPLICANT, as
an inducement to YOUR COMPANY NAME to seek lease financing on its behalf,
shall submit documents and other information to enable YOUR COMPANY
NAME to procure or provide said financing.
2. APPLICANT, in
consideration of the promises of YOUR COMPANY NAME herein, shall pay
to YOUR COMPANY NAME the sum of $_____________ together with the execution
of this agreement. All or part of this payment shall be retained by
YOUR COMPANY NAME, whether or not such financing is provided or procured,
as compensation for its out of pocket costs including, without limitation,
the following estimated charges;
ADMINISTRATION,FEES
$
CREDIT COSTS $
DELIVERY/UPS/FEDX
$
DOCUMENTATION $
DUN AND BRADSTREET
$
TIME AND EFFORT:
$
3. [OPTIONAL] Should
YOUR COMPANY NAME provide or procure lease financing for APPLICANT,
the fee referenced herein shall be applied towards any advance payments
required pursuant to the contract or contracts selling forth the terms
of said lease financing.
4, In the event of
a dispute pertaining to or arising out of this agreement, APPLICANT
and YOUR COMPANY NAME agree that the matter will be submitted to binding
arbitration utilizing the services of a neutral and competent arbitrator
agreed to by both parties. In the event the parties are unable to agree
upon an arbitrator, any claim or dispute hereunder shall be resolved
in YOUR STATE in accordance with the Commercial Arbitration Rules of
the American Arbitration Association before a panel of three (3) arbitrators,
one appointed by APPLICANT, one appointed by YOUR COMPANY NAME, and
the third appointed by said Association The decision or award of the
agreed upon arbitrator, or in the case of a three arbitrator panel,
the majority of the arbitrators, shall be final and binding upon the
parties and may be entered as a judgment or order in any court of competent
jurisdiction.
[YOUR COMPANY NAME]
[ APPLICANT ]
By: By:
Name: Name:
Title: Title:
Engagement Letter
Agreements
http://www.leasingnews.org/Conscious-Top%20Stories/Engagement_letters.htm
Business Development Officer
|
Business Development Officer,leasing exp.,min 3 yrs business & direct sales exp. Banking procedure knowledge helpful. Gilroy, CA location, serving four surrounding counties. E-mail valdezd@1stnational.com or see Career Opportunities www.pcbancorp.com About the Company: Pacific Capital Bancorp is a $5+ billion, multi-bank holding company dedicated to providing an enduring network of community banks on the Central Coast of California. This unique partnership of independent banks provides customers in six California counties with the financial strength and product diversity of a big bank, delivered with the responsiveness and personalized attention of a local community bank. |
Sales
|
About the Company: www.odysseyequipfinance.com |
|
About
the Company: |
Sales: Established 20-year
full service lessor seeks sales professional in small or mid ticket
markets. Earn high commissions, with benefits.
### Press Release
#############################
Butler
Capital, national equipment financing and leasing firm,
forms
alliance with Mitsui & Co. (U.S.A.), Inc.
Hunt Valley (MD)-based
Butler Capital, a national equipment financing and leasing firm, has
formed a strategic alliance with Mitsui & Co. (U.S.A.), Inc. (Mitsui
USA), a wholly owned subsidiary of Mitsui & Co., Ltd. of Japan.
Under terms of the
agreement, Mitsui USA has invested in the 27-year-old financial services
company which provides financing and equipment leasing for businesses
nationwide and has special expertise in the convenience and gas, car
care, dry-cleaning, commercial laundry and franchise markets.
According to Lawrence
J. Butler, founder and president of Butler Capital, who retains sole
ownership of the firm, “Our alliance with Mitsui USA enhances Butler
Capital’s already strong capacity and capital and opens opportunities
for Butler to provide services to Mitsui USA’s numerous subsidiaries,
affiliates and customers.” At present, Butler Capital employs nearly three
dozen staff members at its Maryland headquarters and in sales offices
in Pennsylvania, Georgia, Colorado, and Kentucky.
In recent years,
the firm has expanded financing programs for its commercial customers
to include “QuickLease,” application-only borrowing up to $50,000; “AdvanceLine,”
a pre-approved equipment lease line of credit; and “ProjectLine,” a
large-dollar line of credit to serve customer needs over the duration
of a project. Butler’s programs are directed to general small
business needs, as well as major equipment purchases, acquisitions and
business expansions.
Mitsui & Co.
(U.S.A.), Inc. is an international trading company engaged in import,
export and off-shore trade, and domestic wholesale enterprises through
11 offices in major U.S. cities. Mitsui
USA is also active in business investments, project development and
management, capital goods leasing, and technology transfer.
Its parent company, Mitsui & Co., Ltd., is one of the world’s
most diversified and comprehensive trading companies, in 2003 ranking
sixth in Forbes magazine’s “International 500” and 11th in Fortune’s
“Global 500.”
Contact: Fran Minakowski
(410) 771-9600, x
1024
### Press Release
##############################
American
Lease Insurance Helps Commercial Lease Grow
“As Commercial Equipment
Lease Corporation of Eugene, Oregon, business grew, it became more imperative
for them to ensure that those growing assets were protected - and less
feasible for them to adequately handle tracking in house. Using an insurance
program (American Lease Insurance)enabled
them to achieve compliance with better coverage - ultimately improving
lessee satisfaction, as well. It's a positive comment about growth in
the industry, and how a company manages some of the issues that result
from that growth - and about the progress American Leasing Insurance
has achieved by marketing a program that addresses needs specific to
the leasing industry.”
Janet Unger
413-586-6479
fax 413-585-5925
EUGENE, OR – Commercial
Equipment Lease Corporation (Commercial) is relying on the American
Lease Insurance (ALI) program to ensure adequate asset protection, reports
Jim Johnson, Commercial vice president and general manager. “We needed
to make sure we were in compliance. Our company has grown to the point
where it was no longer feasible for us to dedicate staff to insurance
tracking. The ALI program was a viable alternative for us.”
“We looked at other
vendors,” continues Johnson, “but it was ALI’s program that fit the
way we wanted to treat our customers. Also, their familiarity with our
operating software platform made startup pretty simple.”
The automated ALI
program is integrated with LeaseTeam, the software used by Commercial.
In addition to providing comprehensive property and liability coverage
on portfolios of equipment costing under $250,000, the ALI program tracks
insurance coverage during the terms of the leases for lessees who choose
to use their own insurance. ALI does not require any lessor premium
advances.
“We know our assets
are protected, it doesn’t require an investment on our part – and it
provides us a potential income source,” finishes Johnson.
According to American
Lease Insurance founder Steve Dinkelaker, ALI’s growth has accelerated
as more lessors take advantage of the opportunity ALI provides.
“Few small-ticket lessors have the resources to effectively track
insurance coverage. The ALI program supplies systematic tracking, integrated
billing, full collections follow-up, fee income - and better customer
service. We are currently providing tracking and/or insurance coverage
on over 100,000 leases – and project to double that number by year-end.”
Active in the equipment leasing industry since the mid 1980s, Dinkelaker,
a licensed insurance agent and broker who created, implemented, and
managed lease insurance programs for almost all of the major small-ticket
leasing companies, started ALI in 2000.
Presently located
in Shelburne Falls, Massachusetts, one hour north of Hartford, Connecticut,
ALI will relocate to new corporate headquarters near Amherst, Massachusetts,
in August 2004. ALI is a member of the Equipment Leasing Association,
the Eastern Association of Equipment Lessors, the United Association
of Equipment Leasing, and the National Association of Equipment Leasing
Brokers. ALI is also the corporate sponsor of the Equipment Leasing
and Financing Foundation’s Industry Future Council.
Commercial Equipment
Lease Corporation was founded in 1972 to provide lease equipment financing
to customers in the Pacific Northwest. Based in Eugene, Oregon, Commercial
also operates offices in Portland, Medford, and Salem. One of the fastest-growing
equipment lessors in the Northwest today, Commercial is a member of
the Liberty Financial Group, which has assets in excess of $500 million.
CONTACT:
JIM JOHNSON 800-234-1884
STEVE
DINKELAKER 888-521-6568 x 245
#### Press Release
#############################
Michael
Dean Joins Blackwell Consulting Services
CHICAGO, J– Blackwell
Consulting Services (Blackwell) announced
that Michael Dean has joined the company as an account manager, network
services. In his new position,
Dean is responsible for the growth and development of the practice,
developing strategic partnerships with leading networking vendors, penetrating
new accounts and supporting the needs of existing clients, specifically
focusing on the commercial business sector.
“Michael brings more
than twelve years of experience to Blackwell in many aspects of networking,
and across all of the industries Blackwell currently serves, including
government, education and insurance,” said Dean’s direct report, Valerie
Tyler, vice president of national sales for Blackwell.
“As our networking practice continues to experience success,
it’s important that we look to new areas and technology to remain competitive
in these industries. Michael
is helping us do this as we continue to provide the best service for
our customers.”
Prior to joining
Blackwell, Dean has had an impressive history of account development,
technical knowledge and salesmanship.
Before Blackwell, he was with InfoLink Communications, Ltd.,
a Chicago based IT consulting firm, as an account manager and has held
previous sales positions with several leading IT and communications
firms, including Broadwing Communications, Inc. and ICM Congresses,
Inc., among others.
“I chose to come
to Blackwell because of the outstanding reputation of its networking
practice and the opportunity to leverage its current success to expand
into new areas, such as VoIP and security,” said Dean.
“I look forward to cultivating the concrete business Blackwell
has established in the public sector to create and develop business
in the commercial sector as well.”
Dean graduated with
a bachelor of science in psychology from the University of Utah.
About Blackwell Consulting
Services
Blackwell Consulting
Services (BCS) is a full-service, full life-cycle management and information
technology consulting firm, serving the government, education, insurance,
equipment leasing and finance industries, among others. Headquartered
in Chicago, it is the largest minority-owned IT consulting company in
the Midwest. BCS is a privately held company with nearly 300 full-time
consultants and technical professionals in the U.S., with remote offices
in Atlanta; Bloomington, Ill., Cincinnati, Columbus, Ohio and Miami. For more information on the company, please
visit www.bcsinc.com.
Contact: Erin Lombardo
312-240-2622
erin.lombardo@edelman.com
### Press Release
#########################
StorageTek
Names Insight Investments a Qualified Third-Party Lessor; Clients Gain
New Leasing Options for StorageTek Data Storage Hardware and Software
ORANGE, Calif.--
--Insight Investments Corp., a firm specializing in technology acquisition,
leasing, and management, announced
that it has expanded its relationship with StorageTek (NYSE:STK)
and has been named a qualified third-party lessor for StorageTek data
storage hardware and software.
Insight now designs, sells, leases, and manages the full array
of StorageTek products. Together with supporting services, these solutions
help businesses manage information growth and complexity, lower costs,
improve efficiency, and protect investments. While StorageTek products
are often critical components of a complete system, Insight Investments
provides a wide array of solutions from various vendors, designed to
fit specific customer needs.
"Our outstanding success as a StorageTek qualified reseller
is well recognized, and has strengthened our alliance with this valuable
partner," said John W. Ford, chairman and CEO of Insight Investments
Corp. "We have a proven track record of helping businesses succeed
with StorageTek products. Our clients enjoy having a single point of
contact that can expertly support all of their technology needs, from
buying and leasing to custom technical support."
As a qualified third-party lessor, Insight offers vendor-independent
resources that complement existing StorageTek resources. For example,
Insight offers financial consulting to help clients align the long-term
financing of high tech equipment with their long-term business goals.
Insight can structure payments to meet specific business objectives
and then also help remarket surplus assets.
About Insight Investments Corp.
Based in California, Insight Investments Corp. helps companies worldwide better control their technology acquisition, leasing, and management requirements. Since 1987, the company has provided a wide array of solutions designed to fit specific customer needs including new and used equipment acquisition, custom leasing and financing, asset management, off-lease portfolio management, excess equipment disposal, and the integration of best-of-breed technology solutions. For more information, visit
www.insightinvestments.com
or call 714-939-2300.
CONTACT:Insight Investments
Corp., Orange Mark Hale, 714-939-2334 mhale@insightinvestments.com
#### Press Release
###########################
Tarry Shebesta to Speak on Re-Leasing Off-Lease Vehicles at Automotive Leasing
Management
Forum in Chicago
CINCINNATI---Tarry
Shebesta, president of Automobile Consumer Services, Inc. (ACS), will
be speaking at the national Automotive Leasing Management Forum. The
Chicago event being held June 22-23, is a forum for industry leaders
to assess current market activities in an effort to build strategic
leasing, resale, and remarketing plans for 2005 profitability.
Shebesta will be speaking on June 23 at 9:15 a.m. at the Chicago
Wyndham on "Re-Leasing Off-Lease Vehicles as a Viable Option for
Mitigating Residual Value Losses." Specifically he will address:
-- Understanding the mechanics
and mathematics of re-leasing
-- Strategies for re-leasing
a vehicle at residual as a viable option to minimize losses
-- Significant reasons
why leasing a used vehicle make sense
-- Determining how re-leasing
strategies can effectively stimulate demand
Tarry Shebesta was selected to address the meeting because of his
numerous years of experience in vehicle remarketing, leasing and of
online marketing. He is currently involved in managing his firm's popular
websites www.LeaseCompare.com and www.FrontRowCars.com.
"This forum is an important event for industry professionals,"
notes Shebesta. "Rapidly changing markets, financing options, and
technology make staying ahead of the competition a necessity. The leaders
in the leasing industry will be those companies who stay informed, plan
well, and adapt quickly."
About Automobile Consumer Services, Inc. (www.acscorp.com)
Based in Cincinnati, Automobile Consumer Services, Inc. (ACS) is
a leading provider of consumer automotive services, including car buying
and leasing, fleet resources, vehicle remarketing, and used vehicle
sales.
Founded in 1989, ACS's mission is to provide services that enhance
the experience of buying or leasing a car. ACS achieves this by leading
the industry with innovative proprietary technology, superior customer
service, and years of industry experience.
CONTACT:Automobile
Consumer Services, Inc. Tarry Shebesta, 513/527-7700, ext. 11 pr@acscorp.com
### Press Release
#############################
U.S.
Fastest Growing Leasing Co. Hires Cusick to Manage Data
Wayne, NJ—Leasing
Partners Capital, Inc., the fastest growing leasing company in the U.S.
(the press release says this. editor), announces another addition to
its staff.
William Cusick has
been appointed Database Manager and will be working out of the national
headquarters in Wayne, NJ. William
attended Ramapo College in Mahwah, NJ and majored in Business Admnistration. Mr. Cusick previously spent several years in
the hospitality industry, as well as, the import business.
Leasing Partners
Capital, Inc. (LPC) is a small to lower-middle-market equipment leasing
company working with vendors and end users, headquartered in Wayne,
NJ.
LPC currently has
offices in Naples, FL, Louisville, KY, Atlanta, GA, Pittsburgh, PA,
Minneapolis, MN, Houston, TX, San Francisco, CA, St. Louis, MO, Boston,
MA, Detroit, MI, Seattle, WA, Vero Beach, FL and Litchfield, NH.
For additional information
or questions about LPC, contact Bruce Larsen, National Sales Manager,
877-333-5864 or email him at blarsen@leasingpartnerscapital.com, or
check out their web site @ www.leasingpartnerscapital.com.
(He also can explain
why he thinks Leasing Partners is the “fastest
growing leasing company
in the U.S. Editor)
### Press Release
#############################
News
Briefs---
Inflation Doesn't
Worry Greenspan—Rates to Rise Slowly
http://www.washingtonpost.com/wp-dyn/articles/A44749-2004Jun15.html
http://www.usatoday.com/money/economy/fed/2004-06-15-greenspan_x.htm
Federal Agency Declines
to Create Do- Not-Spam Registry
http://www.nytimes.com/2004/06/16/technology/16spam.html?hp
January 2005 retrial
set in Tyco case
http://www.boston.com/business/articles/2004/06/15/january_2005_retrial_set_in_tyco_case/
Mandalay Resort Group's
board approves $4.8 billion cash offer from MGM Mirage
http://www.signonsandiego.com/news/business/20040615-2130-nv-mgmmirage-mandalay.html
Ranks of World's
Rich Rise by 500,000
http://www.boston.com/business/articles/2004/06/15/worlds_richest_worth_29_trillion_in_03/
IRS Confirms No Joint
Filing for Same-Sex Married Couples
http://www.accountingweb.com/cgi-bin/item.cgi?id=99326
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Sports
Briefs---
Motown Jams To NBA
Title
http://www.washingtonpost.com/wp-dyn/articles/A45046-2004Jun15.html
http://www.nytimes.com/2004/06/16/sports/basketball/16detroit.html
Detroit News Full
Coverage on NBA Win by the Pistons
http://www.detnews.com/2004/pistons/0406/15/index.htm
George Practices
With Titans While Waiting For Revised Contract
http://www.theredzone.org/news/showarticle.asp?ArticleID=1245
Patriots receive
Super Bowl rings
http://www.theredzone.org/news/showarticle.asp?ArticleID=1238
Curt Schilling Has Quickly Endeared Himself to Red Sox Fan
http://www.nytimes.com/2004/06/16/sports/baseball/16schilling.htmls
California
Nuts Briefs---
Schwarzenegger paroling
lifers that Davis wouldn't
http://www.usatoday.com/news/politicselections/nation/2004-06-15-parole_x.htm
The Governor on a
Balance Budget for California
http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?sCatTitle=Speeches&
sFilePath=/govsite/selected_speeches/20040615_Budget_Press_Conference.html&sTitle=2004&BV
_SessionID=@@@@1279026785.1087369754@@@@&BV_EngineID=ccccadclkfgemkgcfngcfkmdffidfof.0
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“Gimme
that Wine”
Napa Valley Wine
Auction Explained
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/06/10/WIG6N731151.DTL
At Annual Auction,
Mendocino Debuts its Signature Wine
http://www.winespectator.com/Wine/Daily/News/0,1145,2505,00.html
When the Right Wine
Is a Beer
http://www.nytimes.com/2004/06/16/dining/16BEER.html
Trying to Bottle
Moonlight and Magic—Eric Asimov
http://www.nytimes.com/2004/06/16/dining/16WINE.html
All Wine Events,
Sonoma/Napa/Mendo, Next 30 Days
http://www.sfgate.com/listings/search.php?traveler,loc7,dsel10,cat0,byevent
Trinchero Family
Estates Finalizes Folie à Deux Purchase
http://www.winespectator.com/Wine/Daily/News/0,1145,2506,00.html
This
Day in American History
1738-Birthday of Mary Katherine Goddard - Colonial printer and publisher. She was the first to publish the Declaration of Independence. Her widowed mother worked in her son's printing plant in Rhode Island as she did. When he moved away leaving it in debt, the women continued the business and published the Providence Gazette. They sold it and moved to Philadelphia to publish the Pennsylvania Chronicle. Selling this paper, she moved to Maryland as the editor and publisher of the Maryland Journal which she published right through the Revolutionary war.
http://www.rebelswithavision.com/MaryKatherineGoddard.com/
http://www.baltimoremd.com/monuments/goddard.html
1822--Denamrk
Vessy led slave rebellion in South Carolina, according
to reports from 35
to 37 blacks slaves were hung, and perhaps up to
50 exiled into slavery
into other parts of the world. The revolt had
the opposite affect,
arming whites, restricting travel of Black , education,
bringing fear to
whites of further black revolt and further laws of “repression.”
http://www.aaregistry.com/african_american_history/510/Slave_
revolutionary_Denmark_Vesey_wanted_freedom
http://docsouth.unc.edu/church/hamilton/menu.html
http://www.afrigeneas.com/states/sc/SC-biblio.htm
http://www.digitalhistory.uh.edu/black_voices/voices_display.cfm?id=25
http://www.cr.nps.gov/nr/travel/charleston/ssa.htm
1858
- In a speech in Springfield, Illinois, Senate candidate Abraham Lincoln
said the slavery issue had to be resolved, declaring, "A house
divided against itself cannot stand."
1882
-- 17" hailstones weighing 1.75 lbs fall
in Dubuque, Iowa. Small still- living frogs are found in some of those
hailstones.
1883-
the New York Giants hosted the first Ladies’ Day baseball game. Both
escorted and unescorted ladies were admitted to the game free.
1897
- The government signed a treaty of annexation with Hawaii.
1903
- Ford Motor Company was incorporated.
1904
-- James Joyce meets Nora Barnacle, a chambermaid at Finn's Hotel, Dublin,
Ireland, & takes her for a walk. This is the day of Leopold Bloom's
fictional odyssey through Dublin in Ulysses — Bloomsday.
1909-
the first airplane sold commercially was the “Gold Bug,” delivered by
Glenn Hammmond Curtiss to the New York Aeronautical Society at Hammondsport,
NY, for $5,000. Flying instructions were given to two members.
1917-Birthday
of Katharine Meyer Graham, U.S. newspaper publisher who guided the Washington
Post (and Newsweek magazine) to a place of prominence. Under her direction
they challenged such national newspapers as the New York and Los Angeles
Times, and Time magazine. She hired a strong staff of reporters and editors. She personally
gave the go ahead to Post stories that exposed the Nixon political abuses
and led to his resignation. She
never, in the face of a lot of
political pressure,
failed to support her staff. In fact, Nixon's Attorney General John
Mitchell had chortled after a Post article on the corruption of the
Nixon administration that "this time she's got her tit in a wringer.”
He was that confident of the administration's power to crush her. He
went to jail instead.
http://www.usatoday.com/news/washington/july01/2001-07-17-graham-dead.htm
1917
–Birthday of photographer Irving Penn.
http://www.tfaoi.com/aa/1aa/1aa393.htm
http://www.artic.edu/aic/books/subpenn.html
http://www.execpc.com/~torrey/notefoto.html#P
http://www.amazon.co.uk/exec/obidos/ASIN/082122459X/026-9304654-2918861
1917
- The temperature soared to 124 degrees at Mecca climaxing the most
destructive heat wave of record in California history.
1920-
birthday of John Howard Griffin, American author and photographer, deeply
concerned about racial problems in US. To better understand blacks in American
South, Griffin blackened
his skin by the use of chemicals and ultraviolet light, keeping a journal
as he traveled through the South, resulting his best-known book, “Black
Like
Me.” Life Magazine syndicated the book, which was
instrumental in the Civil Rights
movement of the 60’s.
1924
–Tenor player Lucky Thompson birthday.
http://www.fact-index.com/l/lu/lucky_thompson.html
http://www.artistdirect.com/music/artist/bio/0,,501507,00.html?artist=Lucky+Thompson
http://www.fantasyjazz.com/catalog/thompson_l_cat.html
1933-
Congress passed the Glass-Steagall Act, known as the Banking Act of
1933, creating bank deposit insurance. There was a sliding scale of protection, up to 50% over
$50,000. In August 23,1935, the law was changed to a
limit of $5,000 for any one depositor “ to provide for the sound, effective
and uninterrupted operation of the banking system, and for other purposes.”
Banks were regulated to obtain this insurance, which
changed banking for
both the business community and consumers, giving them
more protection and
regulating the banking industry.
1939-
country rock singer Billy (Crash) Craddock was born in Greensboro, North
Carolina. Craddock scored a hit on the pop charts in 1959 with "Don't
Destroy Me," then quit the music business because his record company
wouldn't allow him to record country songs. Craddock began recording
again in the late 1960's, scoring hits with such rock-oriented country
tunes as "Dream Lover," a former chart success for Johnny
Burnette, and "Knock Three Times," a hit on the pop charts
for Dawn. Billy (Crash) Craddock topped the Billboard country chart
in 1977 with "Broken Down in Tiny Pieces."
1940—Blues
singer Nolan Struck born Dunson, LA
http://centerstage.net/music/whoswho/NolanStruck.html
1946-Trumpet
player Tom Harrell’s birthday, born Urbana,IL.
http://home.earthlink.net/~tomharrell/harrbio.html
http://www.epinions.com/Music-Tom_Harrell_albums?sp=imed
1951---Top
Hits
Too Young - Nat King
Cole
On Top of Old Smokey
- The Weavers (vocal: Terry Gilkyson)
Syncopated Clock
- The Leroy Anderson Orchestra
I Want to Be with
You Always - Lefty Frizzell
1952-
Canadian pop singer and composer Gino Vanelli was born in Montreal.
He had his first international hit in 1974 with "People Gotta Move."
Vanelli's recording of "I Just Wanna Stop" was a million-seller,
and garnered the singer a Grammy Award nomination and a Juno Award as
male vocalist of the year in 1978. Vanelli traded heavily on his sex
symbol image - good looks, shoulder length curly hair and tight jeans
- during the 1970's. But that image was toned down with the release
of his 1985 comeback album, "Black Cars."
1952
- Gale Storm (Margie Albright) and Charles Farrell (Vernon Albright)
starred in "My Little Margie" which debuted on CBS-TV on this
day. Fans of the popular comedy will remember that "My Little Margie"
was based at the Carlton Arms Hotel, Apartment 10-A. Vern Albright was
a very eligible widower who worked for the investment firm of Honeywell
and Todd. Margie Albright, his 21-year-old daughter, was continually
scheming to help dad and continually causing big trouble while helping.
1956
- Capitol Records released "Be-Bop-A-Lula" by Gene Vincent
and His Blue Caps. Vincent was hailed as Capitol’s answer to Elvis Presley.
Of the three songs Vincent Eugene Craddock had hit the airwaves, "Lula"
was biggest hit to make the pop music charts. The other songs were "Lotta
Lovin’", and "Dance to the Bop." In 1971, Vincent died.
1959---Top
Hits
Personality - Lloyd
Price
Quiet Village - Martin
Denny
Tallahassee Lassie
- Freddy Cannon
The Battle of New
Orleans - Johnny Horton
1965-
Herman's Hermits earned their first gold record with "Mrs.
Brown You've Got A Lovely Daughter".
1967-
The Monterey International Pop Festival opened in California. It was
the first major rock festival and attracted 50,000 people over three
days. Ticket prices ranged from $3.50 to $6.50 to see more than two
dozen top rock acts, including Janis Joplin, Otis Redding, Jimi Hendrix,
the Who and the Grateful Dead. The performers played for free. The festival
was immortalized in D.A. Pennebaker's 1969 documentary "Monterey
Pop."
1968
- Lee Trevino became the first golfer in 68 years to play all four rounds
of the U.S. Open golf tournament with sub-par totals of 69, 68, 69 and
67, respectively.
1967---Top
Hits
Respect - Aretha
Franklin
Him or Me - What’s
It Gonna Be? - Paul Revere & The Raiders
Somebody to Love
- Jefferson Airplane
It’s Such a Pretty
World Today - Wynn Stewart
1972
- The only museum devoted exclusively to jazz music opened. The New
York Jazz Museum welcomed visitors for the first time.
http://jazzmuseuminharlem.org/
1974
-- Homer Simpson & Marge Bouvier wed.
1975---Top
Hits
Sister Golden Hair
- America
Love Will Keep Us
Together - The Captain & Tennille
I’m Not Lisa - Jessi
Colter
When Will I Be Loved
- Linda Ronstadt
1978
- After much success on Broadway, Grease, came to the big screen when
it premiered in New York City. John Travolta and Olivia Newton-John
starred in the hit movie. Several hit songs came out of the motion picture
including "Grease," by Frankie Valli, "You're The One
That I Want," and "Summer Nights," The first two songs
went platinum selling 2,000,000+ copies, while the third sold a million.
1980
- The movie "The Blues Brothers" opened in Chicago, Illinois.
Starring John Belushi and Dan Ackroyd, both formerly of NBC’s "Saturday
Night Live" the movie was a hit. The pair played Jake and Elwood
Blues and were joined by celebrity guests James Brown, Ray Charles,
and Aretha Franklin. Cab Calloway also appeared with a rendition of
his song "Minnie the Moocher."
1981
- For $20.5 million, the "Chicago Tribune" purchased the Chicago
Cubs baseball team from the P.K. Wrigley Chewing Gum Company. For over
60 years the Wrigley family had controlled the team. The longest, continuous
ownership of a team, that stayed in its original city, ended with the
sale.
1983---Top
Hits
Flashdance...What
a Feeling - Irene Cara
Time (Clock of the
Heart) - Culture Club
My Love - Lionel
Richie
Our Love is on the
Faultline - Crystal Gayle
1987
- Kareem Abdul-Jabbar signed a two-year contract with the Los Angeles
Lakers for $5,000,000. The 18-year veteran of the NBA became the highest
paid player in any sport at the time.
1988-
the largest operatic production in Canadian history was staged at Montreal's
Olympic Stadium. About 30,000 people paid between $20 and $150 each
to watch Verdi's "Aida" - complete with a 14-metre model of
the Sphinx, elephants, tigers and a four-metre python. The stars were
soprano Katia Ricciarelli in the title role and tenor Nicola Martinucci
as Radames. Giuseppe Raffa conducted a 120 piece orchestra and a 140
member chorus.The production was repeated two nights later in the Olympic
Stadium. An even more grandiose staging of "Aida" took place
in 1987 at Giza, Egypt, site of the real Sphinx.
1989-
Sammy Sosa becomes the youngest (20-years, seven months) Dominican to
play in the majors. The Ranger rookie goes 2-for-4 with a double against
the Yankees.
1991---Top
Hits
Rush, Rush - Paula
Abdul
Love is a Wonderful
Thing - Michael Bolton
Losing My Religion
- R.E.M.
If the Devil Danced
(In Empty Pockets) - Joe Diffie
1995
- "Batman Forever", the third film in the Batman series premiered.
Batman/Bruce Wayne (Val Kilmer) faces Two-Face (Tommy Lee Jones) and
the Riddler (Jim Carrey). Add a sexy psychologist (Nicole Kidman), with
a thing for Batman and sidekick Robin (Chris O’Donnell), and you wind
up with a smash: $52.78 million in the U.S. for opening weekend. Smash, Bang, Wow box-office, Batman!
1999
- Cher launched her "Believe" tour in Phoenix, Arizona. The
CD had become a worldwide smash, and the single made Cher, at 52, the
oldest woman to have a song hit Number 1 on the charts. It was the first
time in nearly a decade that the exotic, charismatic diva had gone on
a concert tour. To an enthusiastic sell-out crowd, she performed the
hits from her "Believe" album, and many of the public's favorite
spanning the previous three decades.
1999
- World-class sprinters all dream the impossible dream, to break the
100-meter world record. Maurice Greene’s dream came true this day at
an invitational track meet in Athens, Greece, the birthplace of track
and field events. Running in the stadium (home of the 2004 Olympics)
with no wind at his back, his friend and training partner in another
lane, 24-year-old Maurice Greene finished the 100 meters in 9.79 seconds.
The previous record (9.84 seconds), set at the 1996 Olympics, belongs
to Canada’s Donovan Bailey. Greene from Kansas City, Kansas is the first
American to hold this sprint record since 1994. His training partner,
Ato Boldon, placed second with a time of 9.86.
2000-Heat
wave ends in San Jose with records over 109 degrees and over 100 degrees in San Francisco,
breaking all weather history records. In June, San Francisco recorded
104, its highest ever in the history of the city.
2001-
At Turner Field in a game which featured thousands of swarming moths,
Boston beat the Braves and bugs in extra innings, 9-5. Although the
insects had little bearing on the outcome of the game, the insects clearly
bothered the some players, including Dave Martinez who claimed to having
sucked one into his mouth.
NBA Finals Champions This Date
1996 Chicago Bulls
Baseball
Poem
-
from: Songs Of The Out-o'-doors
If
you've never sat in the blazing sun
and
prayed the gods for another run,
If
you're not clean daft till the season's done
and
the talk of the game is through,
If
you've never joined in the bleachers' roar
at
a double play or a daring score,
Don't
listen to this a minute more,
this
ballad is not for you!
But
if the sound of the ball that's hit
or
the thump of a strike in the catcher's mitt,
And
the umpire's voice and the coacher's wit
are
spells that hold you sure,
If
you're one of the faithful, cheering throng
that
follows the fate of the team along
Maybe
you'll join in the swinging song,
the
song of the baseball lure!
Chuck-full
of glamour,
Tumult
and clamor,
Sparkling
with vigor and zipping with zest.
Gingery,
tangy,
Flippant,
and slangy,
Brimful
of action and banter and jest.
Sport
of the multitude--held by its joys again,
Steadiest
of people are nothing but boys again!
In
every city or country spot,
in
every corner or vacant lot,
In
any old weather, cool or hot,
from
earliest spring to fall,
The
young and lively, old and gray
are
there to join or watch the play,
The
game that wields its royal sway
and
keeps the land in thrall.
And
if you're watching the players sweat,
down
on the field where the scene is set,
You
feel its ,magic and you forget your age
and
your sense as well,
For
the game--it turns your face to tan,
it
makes a boy of the oldest man,
It
turns the sane to a crazy fan
with
nothing to do but yell!
Calling
for muscle,
Hurry,
and hustle,
Baseball's
a tussle that's vivid with vim,
Heated
but happy,
Peaceful
but scrappy,
Evermore
snappy and nevermore grim!
Sport
of the multitude--every one's wild again,
Every
true fan is as young as a child again.
Oh,
the silence tense and the hush of doubt
with
the bases full and two men out,
And
the clean, sharp hit, and the rooters' shout
as
the runners cross the plate,
Or
the long-drawn "Ah!" as the ball soars high
and
the fielder shields his sun dazed eye
And
waits and gathers the falling fly
as
certain and as sure as fate,
Oh,
the jeers, the cheers, an the throbbing thrill,
the
batter's might and the pitcher's skill.
The
crowd that never is wholly still
but
shouting its joy or woe,
These
are the things that fan the flame,
that
lend their wonder to the game,
That
make it glorious in its fame.
the
king of all games we know!
Free
of the grafter,
Lighted
with laughter,
Full
of the spirit of never say die!
Action
is in it!
Every
sharp minute,
Something
is doing to capture the eye!
Then--and
the reason can never be hid again--
Best
of it is--that it makes you a kid again!
Published
in: The Popular Magazine - April 7, 1912
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