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Export Finance Administrator for cross-border equipment deals. Seeking someone with existing strong credit, administrative, and people skills whom we can train in our specialized international credit services. Fluent English and Spanish required. To learn more and apply, click here .

Meridian Finance Group provides credit, insurance, and financial services that help U.S. exporters to increase their international sales.

www.meridianfinance.com

Monday, March 21, 2005

Headlines---

Classified ads---Senior Management
    Silvermark Capital
        Ohio Banks Affected by NorVergence Bankruptcy
            CMC Portfolio Turned Over to USbancorp
RW Professional case postponed June, 2005
    Classified Ads---Help Wanted
        CLP“Lite”---Leasing Professional
Questionnaire- CPA “Lite” –Leasing Professional
    LeasePlan USA Selects LeaseComplete
        This Day in American History

######## surrounding the article denotes it is a “press release”

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Classified ads---Senior Management

Baltimore, MD
25 year veteran of commercial and equipment leasing seeking a senior management position with leasing or asset based financing company in the southeast (Florida preferred)
Email: kellogg_md@yahoo.com

Denver, CO.
Fortune 500 GM/SVP wants to team up with aggressive lender looking for Western expansion mid-market equip. finance/leasing. 20+ years experience within Rocky Mountain/Southwest and Ca markets.
Email: legal@csotn.com

Hope, NJ.
25 years in optimizing call center operations, collections, billing, and back end revenue generation. Experienced in $7 + billion dollar portfolios. Verifiable achievements.
E-mail: cmate@nac.net

Irvine, CA.
Credit executive, portfolio manager and syndication facilitator. Extensive business building experience in small and mid-ticket operations. Highly innovative. Fortune 100 audit and technology skills. Bottom-line manager. Email: lenhubbard@bigfoot.com

Jacksonville, FL.
15+yrs Collections/Customer Service Expert. InfoLease, CARMS, managed staffs excess 100 VERY successfully - will relocate WITHIN Florida for right position ~ SIMPLY THE BEST
Email: rafftink@aol.com

Lawton, OK.
Twenty years, I have been the President of Cash Financial Services. I sold my loan portfolio.
Resume.
http://www.geocities.com/bobbybenmoore/
email: bobmooreok@email.com

Long Island, NY
Degree Banking/Finance. 13 years leasing exp. Now prez young leasing company where promises were not met. Interested in joining established firm with future.
Email: bob33483@yahoo.com

New York, NY, NJ, Ct Tri-State
Top Exec. middle and big ticket, top skills treasury, funding, ops, transaction detail, syndication, ready to max profit, help build quality operation. right now! E-Mail: leasefinance@optonline.net

Orange County, CA
25+ years experience large ticket equipment finance companies and commercial banking. Operations, documentation, legal, credit, workouts, portfolio management. $2+Billion portfolio. Seeking CFO, COO or similar.
Email: finance1000@cox.net

Philadelphia, PA.
27 yrs. exp. sales, ops., credit, strategy, P&L mngmet. Most recently created & executed the biz plans for 2 highly successful Bank-owned small ticket leasing subsidiaries.
email: mccarthy2020@comcast.net

Portfolio Management Consultant;
25+years experience in Collections, Customer Satisfaction, Asset Management, Recoveries, Continuous Process Improvement, Back end Revenue Generation, Cost per Collection Analysis. $5+Billion Portfolio expertise.
Email: efgefg@rogers.com

San Francisco, CA.,
25 years experience w/global leasing company, sales, marketing, business dev., P&L responsibility, asset mgmt, brokering and re-marketing. Interested in joining an est. firm with a future.
Email: rcsteyer@yahoo.com

Syracuse, N.Y.
Int. equip. leasing exec. 25 yrs global P&L sr. mngt., including corporate turnarounds, strategic planning, new biz dev., structure finance, contract neg., vendor leasing specialist.
Email: jimh356094@aol.com

Wilmington, DE.
Over 15 years experience managing Credit, Risk Management and Fraud operations for large Financial Institution. Proven Results. Anywhere between NYC and DC for right opportunity.
Email: cklous@comcast.net

96 “Job Wanted” ads at : http://64.125.68.91/AL/LeasingNews/JobPostings.htm

to post your free ad, please go here:
http://64.125.68.91/AL/LeasingNews/JobPostings.htm

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Silvermark Capital

" ‘Unofficially, Unverified and Off-the Record', I understand that the closing of Preferred Capital, has caused SilverMark Capital to discontinue their private label and servicing retained by lessors programs and that the damage may be so great as to cause the closing of SilverMark Capital.

As verification of these rumors come in I will let you know. For sure they have discontinued the purchasing of lessor serviced retained portfolios with at least 2 companies, leaving them scrambling for funding.”

(very reliable source)

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Ohio Banks Affected by NorVergence Bankruptcy

New Jersey company\'s legal woes involve NE Ohio companies

Saturday, March 19, 2005

Mary Vanac

Plain Dealer Reporter

Some Northeast Ohio companies are caught up in the liquidation of a telephone equipment and services reseller accused of defrauding thousands of small businesses nationwide.

NorVergence Inc. in Newark, N.J., falsely promised to cut the monthly telephone, cellular and Internet bills of small businesses, nonprofits and government bodies by at least 30 percent, according to the Federal Trade Commission, which sued the company for fraud in November. Company officials have consistently declined to comment on the charges.

The FTC suit also says:

The cost savings supposedly came from a \"black box\" installed in customers\' offices to send long-distance calls through the Internet. But the boxes were just standard telephone routers. They were rented to customers for between $400 and $5,700 a month but were probably worth only about $500.

NorVergence used high-pressure sales tactics to get small businesses to sign five-year rental agreements as well as agreements for long-distance service from companies such as Qwest and Sprint.

The company made an estimated $200 million by selling the rental agreements to finance companies nationwide, using some money to pay for customers\' telephone service.

National City Commercial Capital Corp., a Cincinnati unit of Cleveland banking company National City Corp., and Preferred Capital Inc., an equipment lease broker in Brecksville, bought some leases. That entitled them to monthly payments from NorVergence customers.

But NorVergence filed for Chapter 11 bankruptcy protection in June 2004. Soon after, a bankruptcy trustee converted the filing to a liquidation. Telephone service to NorVergence customers was cut off.

The local finance companies say they are collectively owed $3 million. National City and Preferred Capital have continued collecting on the leases, even though customers are not getting service. New York Attorney General Eliot Spitzer has threatened both with lawsuits if they don\'t cancel leases for his state\'s businesses.

A National City spokeswoman would say only that the company is working with individual customers. Unlike National City, which bought the leases with its own money, Preferred borrowed from local banks.

The Brecksville company has sued hundreds of small businesses that have stopped paying on leases. But it\'s being sued itself by bank lenders. This month, Western Reserve Bank in Medina and Sky Bank in Salineville, Ohio, won judgments against Preferred for a total of $8.7 million. Preferred Capital President Alan Velotta declined to comment.

Meanwhile, many former NorVergence customers are paying twice for telephone service - on the leases for nonexistent service as well as to a regular provider.

In 2004, Guess Motors Inc. in Carrollton, southeast of Canton, signed lease and service contracts that included a long-distance and toll-free customer line for $1,200 a month, said owner Mike Guess. The car dealership had been paying an average of $2,000 a month for telephone service, Guess said.

After two months of \"lousy service,\" NorVergence filed for bankruptcy protection, Guess said. He stopped paying on his lease, so Preferred Capital sued him earlier this month for the remaining value - $63,737.

Guess understands that Preferred Capital is out the money it paid NorVergence. But he doesn't\'t understand how he can be expected to pay for service he\'s not getting.

Some state attorneys general, including those in Florida, New York and Texas, are trying to get relief for small businesses. A spokeswoman for Ohio Attorney General Jim Petro said his office is looking into the issue.

In December, General Electric Capital Corp. forgave lease payments of $2 million by former NorVergence customers in New York, in a settlement with Spitzer. GE Commercial Finance spokesman John Oliver said his company has since extended the same relief to all states, including Ohio.

Key Equipment Finance, a unit of Cleveland banking company KeyCorp, also is a creditor in the NorVergence bankruptcy. But it appears Key leased equipment to NorVergence itself, not to the reseller\'s customers. A spokesman declined to comment because the matter is being challenged in court.

Plain Dealer reporter Teresa Dixon Murray contributed to this report.

To reach this Plain Dealer reporter:
mvanac@plaind.com, 216-999-5302

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

CMC Portfolio Turned Over to USbancorp

“It has been some time since we spoke. I wish offer you an update on the servicing of the Commercial Money Center Portfolio. Stuart Allan & Associates has since turned over the majority of the servicing rights it previously held to USbancorp in Marshall, MN.

“Stuart Allan & Associates remains engaged as a servicing agent in only a handful of the servicing related matters. Stuart Allan & Associates, and or its authorized agents are hopeful that our interests in the Commercial Money Center Estate will be concluded by this fall.

Should you or your readers have any questions regarding this matter feel free to contact me direct at 605 361 7781.”

Troy Lang
3400 w 49th St #200
Sioux Falls, SD 57106
605 361 7781
tlang@stuartallan.com

 

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RW Professional case postponed to after June, 2005

It appears it will be three years before the Drayers face a court of law.

June 1, 2005 to respond to suppression of a motion, so postponed again, and the Drayer's remain under “house arrest” with limited movement to be approved by the court.

June 22,2002, New York Times:

Forty federal agents raided the small headquarters of a company that leases medical equipment and arrested its top officers today for what prosecutors described as nationwide bank frauds that could total $200 million.

Just 10 days of investigation into a small part of the company's dealings found $6.5 million of fraud, prosecutors said in United States District Court in Central Islip, where three suspects were arraigned. A fourth was arraigned in Boston.

Prosecutors said that the company, the RW Professional Leasing Corporation, concocted elaborate schemes using up to 100 rented mailboxes as far away as California to send phony checks, sham invoices, bogus leases and other false documents to banks in various states. Based on those documents, the banks lent RW millions of dollars to buy equipment and lease it out, prosecutors said.

The schemes included multiple loans from different banks for the same medical equipment and loans for equipment that was never bought or leased, prosecutors said.

Those arrested were RW's president and co-owner, Rochelle Besser, also known as Rochelle Drayer, 66, of Long Beach; her brother, RW's senior vice president, Barry Drayer, 62, who operated a branch in Wellesley, Mass.; another brother, Roger Drayer, 59, of Long Beach, who holds various titles; and Roger Drayer's daughter, Jennifer Tarantino, also known as Jennifer Drayer, 31, of Oceanside

---

This is a press release from the United States Attorney's Office, one year ago, March 12,2004:

Eight Defendants, Including Five Employees and Principals of a Long Island-based Financing Company and a Former Bank of New York Branch Manager, Arraigned on Federal Bank Fraud and Wire Fraud Charges

ROSLYNN R. MAUSKOPF, United States Attorney for the Eastern District of New York, PASQUALE J. D'AMURO, Assistant Director-in-Charge, Federal Bureau of Investigation, New York, and MICHAEL J. THOMAS, Special Agent-in-Charge, New York Field Office, Internal Revenue Service-Criminal Investigation, announced today that eight defendants, including five employees and principals of defendant RW PROFESSIONAL LEASING SERVICES, INC. ("PLS"), and a former branch manager for The Bank of New York at a retail branch in Island Park, New York, were charged late last week in a superseding indictment (1) with federal crimes in connection with a scheme to fraudulently induce financial institutions around the country to extend $28 million in loans to PLS, a former Bank of New York customer. Seven of the defendants are scheduled to be arraigned this morning at 9:30 a.m. at the U. S. Courthouse in Central Islip, New York, before United States District Judge Arthur D. Spatt.

The individual defendants charged in the superseding indictment are PLS principals BARRY DRAYER and ROCHELLE BESSER; PLS employees ADAM DRAYER, ROGER DRAYER and SUSAN COTTRELL; MYRNA KATZ, a former Bank of New York branch manager; and STEPHEN BARKER, who, as the owner of a California financing company known as Carefree Financial Services, allegedly recruited medical providers to obtain financing through PLS. BARKER was arrested yesterday in California.

The Scheme to Defraud

The superseding indictment charges that PLS, which maintained business locations in Island Park, New York, and Wellesley, Massachusetts, obtained loans from financial institutions, including FDIC-insured banks (collectively, the "funding institutions") for the purported purpose of financing purchases of medical equipment and then leasing that equipment to medical providers. The leases and medical equipment were supposed to serve as collateral for the loans made by the funding institutions.

According to the indictment, PLS, BESSER, BARRY DRAYER, ROGER DRAYER, ADAM DRAYER and COTTRELL (the "PLS defendants"), KATZ and BARKER obtained the loan proceeds under false pretenses. Specifically, the PLS defendants and BARKER misrepresented the actual purpose of the financing which, in many cases, was not used to purchase medical equipment at all, but was instead used by medical providers as working capital. Since working capital loans, which were not collateralized by medical equipment or medical equipment leases, were not favored by the funding institutions, the defendants provided the funding institutions with phony documentation creating the false appearance that the medical providers were leasing medical equipment purchased by PLS, that the financing was needed for that purpose, and that the funding institutions would have an undivided security interest in the lease and the medical equipment. The PLS defendants and KATZ also falsely represented that The Bank of New York (hereinafter "BONY") would act as escrow agent for certain of the funding institutions.

The BONY Escrow Agreements

The government alleges that the FDIC-insured funding institutions

(the "bank funding institutions") required that PLS execute escrow agreements in connection with each loan. Each escrow agreement required the establishment of an escrow account in which lease payments would be deposited and held in escrow by BONY as escrow agent for the bank funding institutions. The escrow agreements required BONY, among other things, to disburse the funds on deposit in the escrow account in accordance with a particular payment schedule and only to the bank funding institutions that were financing the leases identified in the escrow agreements.

The indictment charges that KATZ, for the purpose of inducing the bank funding institutions to make loans to PLS, executed and supervised the execution of numerous escrow agreements for BONY between 1991 and 1998, fully aware that she was not authorized to do so and that BONY policy prohibited BONY retail branches from establishing escrow accounts. The indictment also charges that KATZ and the PLS defendants knew that the escrow accounts would not be maintained pursuant to the terms of the escrow agreements, that the lease payments would not be forwarded by BONY to the bank funding institutions, and that BONY would not actually perform any of the other obligations assigned to it as escrow agent in the escrow agreements.

According to the superseding indictment, the PLS defendants fraudulently obtained and converted at least $28 million of loan proceeds and lease prepayments through the fraud scheme.

"We will not hesitate to prosecute wrongdoers to protect the public from abuse of our financial institutions," stated United States Attorney ROSLYNN R. MAUSKOPF. "In this case a bank employee violated a position of trust, and thereby enabled PLS, the PLS defendants and BARKER to plunder the banking system for their own personal gain. Now they must face the consequences." Ms. MAUSKOPF emphasized that the investigation is continuing.

FBI Assistant Director-in-Charge PASQUALE J. D'AMURO stated, "This scheme induced banks to advance millions of dollars in what they believed to be secured loans for equipment financing, when in fact the loans were entirely un-collateralized. The defendants misled the lending institutions through blatant fabrication and deception, putting the banks and their depositors at risk."

The Charges and Maximum Sentences Each defendant is charged with conspiracy to commit bank fraud and wire fraud. (2) In addition, PLS, BARRY DRAYER, BESSER and BARKER are charged with conspiracy to commit money laundering; PLS, BARRY DRAYER and BESSER are charged with multiple counts of bank fraud; BESSER and KATZ are charged with making false statements to an FDIC-insured bank; and KATZ is charged with issuing bank obligations without authority. The charges carry the following maximum terms of imprisonment -- conspiracy (five years), unauthorized issuance of a bank obligation (30 years), false statements to an insured bank (30 years), conspiracy to commit money laundering (20 years) and bank fraud (30 years). On each count of conviction, each defendant faces a maximum fine of $250,000 or twice the gross gain or loss resulting from the offense, whichever is greater; the payment of restitution; and a maximum of three years supervised release (conspiracy charge) and five years supervised release (bank fraud, false statements and issuing obligations without authority charges).

PLS faces a maximum sentence of five years probation and a fine of $500,000 or twice the gross gain or loss resulting from its offenses, whichever is greater, and the payment of restitution. The indictment also seeks forfeiture of any and all property of each of the defendants constituting or derived from proceeds traceable to their offenses, which is valued at a total of at least $28 million.

The government's case is being prosecuted by Assistant United States Attorneys Geoffrey Kaiser and Kevin Mulry A recent repercussion of the pending trial resulted in Bank of New York Chief Executive Thomas Renyi received $6.2 million in compensation last year, 41 percent less than a year earlier, as the No. 10 U.S. bank addressed regulatory issues and its shares lagged those of its peers.

Bank of New York has set aside money for an expected settlement of a federal criminal probe into the alleged fraud of RW Professional Leasing Services Corp., which arranges financing for health care providers leasing medical equipment.

The Wall Street Journal has said the bank was negotiating to avoid a possible indictment in the matter, over a failure to report suspicious activity at a branch.

Separately, the SEC is investigating the bank and its BNY Hamilton mutual fund family over marketing and distribution costs.

Bank of New York said Renyi and Hassell recommended to the compensation and organization committee that their bonuses and performance share grants be reduced ``in view of the RW Leasing matter and other regulatory issues.''

A $20 million dollar suit originally brought by American Express against RW Professional for the portfolio inherited from Sierra Cities was put on hold, pending the outcome of this criminal trial. There are several other civil suits claiming money is owed to approximately 15 community banks in alleged “double dipping” of the same lease sold to several different banks with RW Professional making the monthly payments until the alleged Ponzi scheme fell apart.

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Classified Ads---Help Wanted

Collection Attorney


Collection attorney - three to five years experience, creditor rights and bankruptcy experience is a must - contact: cgates@spiwakandiezza.com

Spiwak & Iezza, LLP, Westlake Village, Ca. is an extremely aggressive collection law firm that believes in taking action against debtors quickly and pushing through to final resolution without delay.
http://www.spiwakandiezza.com/about.htm

Finance Administrator


Export Finance Administrator for cross-border equipment deals. Seeking someone with existing strong credit, administrative, and people skills whom we can train in our specialized international credit services. Fluent English and Spanish required. To learn more and apply, click here .

Meridian Finance Group provides credit, insurance, and financial services that help U.S. exporters to increase their international sales.

www.meridianfinance.com

Marketing Officer



Marketing Officer, generate/maintain relationships w/equip. leasing companies nationwide. Heavy phone/moderate travel. Ability to read/understand FS/tax returns required. Indirect marketing exp. necessary plus computer skills. Bachelor's degree.
Email resume to sgreen@bankofthewest.com
Website: www.bankofthewest.com

Bank of the West and its subsidiaries are equal opportunity/affirmative action employers. It is our policy to recruit, advertise, employ, promote, transfer, discipline, and discharge without regard to race, religion, color, national origin, ancestry, age, physical or mental disability, medical condition, veteran status, sexual orientation, sex, marital status, or any other protected status.

Middle Market Sales Representative



Middle Market Sales Rep.: exp. sales reps throughout country for middle market leasing/financing. Must have min.5-years exp. in "hard assets" ranging from 100K -$1.0MM generated from vendor and /or direct sources. Excel. benefits, base salary and commission program. Resumes to amandell@eqcorp.com .

About the Company: A rapidly expanding Middle Market Leasing / Finance Company located in CT. Equilease Financial Services, Inc

Sales Representative


Baltimore/Washington based Sales Rep. - To develop vendor & lessee direct originations. Requires 3+ yrs commercial sales exp. For full description and application, click here for more information.

Madison Capital, a Baltimore based equipment and vehicle leasing company for 30 years is a national provider of direct financing services for both vendors and lessees. www.madisoncapital.com

 

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CLP“Lite”---Leasing Professional

"Over 30 individuals representing funding sources, service providers and brokers attended the Northern California UAEL Regional Meeting Thursday the 17th. Excellent conversations abounded as the general consensus was that activity is picking up, though the optimism was cautioned. Most people agreed that continued hard work will be rewarded. A presentation on the topics of Sales & Marketing was presented and well received. The conclusion was that knowledge is a key ingredient to success in our industry.

CLP “Lite” Discussed at UAEL S.F. Bay Area Regional Meeting Paul Knowlton of Bank of Walnut Creek hosting a United Association of

Equipment Association Northern California Regional meeting on Thursday, March 17 th . One of the hot topic discussed, he reports was:

“The idea of a CLP ‘Lite' ..... There were approximately 10 CLP's in the audience with 3 CLP Foundation Board members in attendance. Almost all of the audience was aware of the CLP designation and agreed that it is a respected title in the industry.

“Excellent conversations abounded as the general consensus was that leasing business is picking up, though the optimism was cautioned. Most people agreed that continued hard work will be rewarded. A presentation on the topics of Sales & Marketing was presented and well received. The conclusion was that knowledge is a key ingredient to success in our industry, which ties right into the Certified Leasing Professional program.

“The five year industry requirement for the CLP designation was cited as a big reason that people were not pursuing their CLP currently. It was pointed out that other industries have length of service requirements for "Certified" status, but that course studies and exams are taken prior to reaching that requirement.

“There is nothing to keep individuals from taking CLP classes now. It was agreed that education for people new to the industry was very valuable and an important way to curb poor operating practices and that CLP could provide a vehicle for this, though the Foundation has limited resources.

“ It seemed that the current CLP did not want to "devalue" their work, but were open to discussing ways to encouraging people to pursue the course of study to lead to the CLP. It was thought that a different CLP version had been discussed before and not gone anywhere. It is sure to be a topic at future CLP and association board meetings."

“Thanks to the sponsors of the event Belvedere Equipment Finance…..Allegiant Partners…..Bank of the West….Bank of Walnut Creek “

Others have expressed a similar sentiment by e-mail to Leasing News f not wanting to “dilute” the value of the designation.

“In my opinion it would be a grave error on the part of the foundation to even consider a "CLP Lite" designation as you call it.

If I read your comments correctly the idea would be to lower the bar on the CLP requirements so that more people could leverage whatever credibility CLP has or is beginning to garner in the industry. I can't help but reflect on my own decision to become a CLP.

It was much harder back then as you not only had to pass the test but you had to demonstrate service to the industry and service to WAEL (the association that originated the CLP program). This entailed accumulating "points" for speaking engagements, promoting the industry in your community, serving on committees, and continuing education from attending WAEL and other industry conferences.

These requirement were eventually dropped because they were too "association specific" and to grow the program the requirements had to be more generic.

I also disagree with making the test easier. If anything the test should encompass more material as the leasing and finance business continue to evolve.

In my opinion Steve Reid had summed it up correctly. The CLP designation should be something that people strive for. Thank you,

Bob Rodi, CLP
President
LeaseNOW, Inc.
drlease@leasenow.com
www.leasenow.com

1-800-321-LEASE (5327) x101

( The idea was to create another category, more a junior category, rather than dilute the original intention. The original concept was to further help regulate the leasing industry, with a by-produce of it would increasing the income of the foundation, further promote their goals, and educate young people in the industry, hoping that the more they learn, the more they want to increase their knowledge. Of course, the first decision is for the CLP Board of Directors to either approve the concept or bring up the matter to the approximate 200 CLP's listed at www.clpfoundation.org . Editor )

Questionnaire ---CPA “Lite” –Leasing Professional

To perhaps help the CLP Board of Directors in making their decision, we would like to ask our readers how many are interested in becoming a Certified Leasing Professional?

How many would be interested in becoming a different category, such as “Lease Professional?”

Those who are not familiar with the program may want to visit

www.clpfoundation.org

 

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

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

LeasePlan USA Selects LeaseComplete© for Asset Remarketing System Solution

Richmond, VA, -- Dominion Leasing Software and LeasePlan USA announces the successful conversion of LeasePlan's former financial tracking process for its Truck Division. The new system, LeaseComplete, was launched in the first quarter of 2005 and provides automated financial accountability and structure for the Truck Division‘s asset remarketing.

According to Bob Tynan, LeasePlan's vice president of finance,“LeaseComplete was selected because of Dominion's proven track record in the leasing industry, impressive customer satisfaction ratings, and clear technology vision. Additionally, we wanted a solutions provider that shared our values, commitment to service, and interest in developing a long-term partnership.”

“Dominion's responsiveness to our needs far exceeded our expectations. The cooperation and positive interaction between the two project teams were instrumental to the success of the implementation,” said Tynan. “Dominion's ability to understand our needs and translate them into the final product was also critical to the project's success. We now have a system in place that can assist us with managing our growth and addressing future system needs.”

About LeasePlan USA

LeasePlan USA, a subsidiary of LeasePlan Corp. N.V., is a global leader in vehicle leasing and fleet management solutions. LeasePlan Corporation manages more than 1.4 million vehicles worldwide and offers its clients customized plans for total fleet cost reduction through technologically advanced products and proactive customer service excellence. LeasePlan USA's Truck Division provides competitive leasing programs to some of the most recognized global and Fortune 1000 companies. For more information on LeasePlan USA, please visit www.us.leaseplan.com.

About Dominion Leasing Software

Dominion Leasing Software is a leading provider of Web-enabled software and services to the equipment finance and retail leasing industries. LeaseComplete, its flagship lease accounting and asset management system is widely recognized as the premier custom solution for both equipment and vehicle lease portfolios. Dominion's software and services are used by a diverse group of clients including banks, credit unions, trucking companies, automobile dealerships, and independent lessors. For more information on Dominion Leasing Software, please visit www.dominionls.com.

Contact:

David F. Hill
Vice President
Dominion Leasing Software
804 403 3710 x 215
david.hill@dominionls.com
www.dominionls.com

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

Day in American History

    1595- Pocahontas, daughter of Powhatan, born , near Jamestown, VA, leader of the Indian union of Algonquin nations, helped to foster good will between the colonists of the Jamestown settlement and her people. Pocahontas converted to Christianity, was baptized with the name Rebecca and married John Rolfe Apr 5, 1614. In 1616, she accompanied Rolfe on a trip to his native England, where she was regarded as an overseas "ambassador." Pocahontas's stay in England drew so much attention to the Virginia Company's Jamestown settlement that lotteries were held to help support the colony. Shortly before she was scheduled to return to Jamestown, Pocahontas died at Gravesend, Kent, England, of either smallpox or pneumonia. According to the March edition of Atlantic Magazine, the Indians had no immune system to ward off European diseases, including smallpox and pneumonia.
    1713-birthday of Francis Lewis, signer of the Declaration of Independence, born at Wales. Died Dec 31, 1802, at Long Island, NY His house was destroyed by the British and his wife kidnapped, dying shortly thereafter, and he died in poverty, losing all his home and business to the British.
http://www.francislewis.com/
    1869-birthday of Florenz Ziegfield, legendary showman. http://memory.loc.gov/ammem/today/mar21.html
    1882-- birthday of Bascom Lunsford, folk song writer and folklorist who authored the folk song "Mountain Dew," Lunsford started the first folk music festival in 1928 at Asheville, NC. This event, which led to the formation of the National Clogging and Hoedown Council, is held to this day. He was known as the "father of clogging dance" and the "king of folk music." He recorded some 320 folk songs, tunes and stories for the Library of Congress. Born at Mars Hill, NC, Lunsford died Sept 4, 1973, at South Turkey Creek, NC.
    1910- American vintner Julio Gallo was born at Oakland, CA. He is best known for his role in the Ernest and Julio Gallo Winery, of Modesto, CA, which at one time claimed about 26 percent of the US wine industry. He died May 2, 1993, near Tracy, CA.
    1916-Frank James Marshall of New York City met 105 local players at the National Press Club, Washington DC. He played them all simultaneously, winning a total of 82 games, lost 8, and drew 15.
    1917- Loretta Walsh, age 18, of Philadelphia, Pennsylvania was sworn in as chief yeoman on this day. She is the first woman to become a petty officer in the U.S. Navy
    1918-pianist Sir Charles Thompson born Springfield, Ohio. http://www.delmark.com/delmark.450.htm
    1918-March 21-April 4: Second Battle of Somme, over 500,000 men lost their lives. General Erich Ludendorff launched the Michael offensive, the biggest German offensive of 1918, on Mar 21 with a five-hour artillery barrage. The Central Powers objective was to drive a wedge between the British and French forces and drive the British to the sea. Although they did not accomplish this objective, in the south they captured Montdidier and advanced to a depth of 40 miles. They managed to create a bulge in the front south of Somme and end what had effectively been a stalemate. The Allies lost nearly 230,000 men and the Germans almost as many in the Battle of Somme.
    1932 - A tornado swarm occurred in the Deep South. Between late afternoon and early the next morning severe thunderstorms spawned 31 tornadoes in Alabama, Mississippi, Georgia and Tennessee. The tornadoes killed 334 persons and injured 1784 others. Northern Alabama was hardest hit. Tornadoes in Alabama killed 286 persons and caused five million dollars damage.
    1934-Babe Didriksen, perhaps the greatest women athlete of all time, pitched one inning of baseball for the Philadelphia Athletics in an exhibition game against the Brooklyn Dodgers. Babe hit the first batter she faced and walked the next. The third hit into a triple play.
    1938-Eddie Duchin, with Pat Normal vocal, records “ Ol' Man Mose”
    1939 - A song, written by Irving Berlin in 1918 as a tribute by a successful immigrant to his adopted country, was recorded by Kate Smith for Victor Records on this day. Ms. Smith had introduced the song on Armistice Day, November 11, 1938, at the New York World's Fair. It was a fitting tribute to its composer, who gave all royalties from the very popular and emotional, "God Bless America" to the Boy Scouts. The song became Kate Smith's second signature after "When the Moon Comes Over the Mountain"; and the second national anthem of the United States of America
    1946-trombonist Dicky Wells Big Seven records “ Drag Nasty”. http://blackhistory.eb.com/micro/727/45.html
    1946-One year before Jackie Robinson began playing major league baseball, Kenny Washington broke the NFL's color line. Washington sighed a contract to play for the Los Angeles Rams.
http://www.africana.com/Utilities/Content.html?&../cgi-bin/banner.
pl?banner=Lifestyle%20&../Articles/tt_216.htm

    1952---Top Hits
Cry - Johnnie Ray
Wheel of Fortune - Kay Starr
Anytime - Eddie Fisher
(When You Feel like You're in Love) Don't Just Stand There - Carl Smith
    1956 - The 28th Academy Awards were celebrated at the RKO Pantages Theater, Los Angeles, California. Hosting the festivities were comedian/actor/singer/producer Jerry Lewis in Hollywood, plus actress Claudette Colbert and writer/producer/director Joseph L. Mankiewicz in New York City. "Marty", produced by Harold Hecht, was a big winner: Best Picture; Best Director (Delbert Mann); Best Actor (Ernest Borgnine); and Best Writing/Screenplay (Paddy Chayefsky). Best Actress was Anna Magnani for "The Rose Tattoo"; Best Supporting Actor was Jack Lemmon for "Mister Roberts"; Best Supporting Actress was Jo Van Fleet for "East of Eden"; and Best Music/Song to Sammy Fain (music), Paul Francis Webster (lyrics) for "Love Is a Many-Splendored Thing" from "Love Is a Many-Splendored Thing". 1955 was a great year for other great movies, too: "Picnic"; "Bad Day at Black Rock"; "The Man with the Golden Arm"; "Rebel Without a Cause"; "Pete Kelly's Blues"; "The Court-Martial of Billy Mitchell"; "The Seven Little Foys"; "Blackboard Jungle"; "To Catch a Thief"; "The Bridges at Toko-Ri"
http://www.infoplease.com/ipa/A0148661.html
    1960---Top Hits
The Theme from "A Summer Place" - Percy Faith
Wild One - Bobby Rydell
Puppy Love - Paul Anka
He'll Have to Go - Jim Reeves
    1964 - Singer Judy Collins made her debut at Carnegie Hall in New York City and established herself “in the front rank of American balladeers.” She would first hit the Top 40 in 1968 with "Both Sides Now", a Joni Mitchell song. Her versions of "Amazing Grace" and "Send In the Clowns" also became classics.
    1965- more than 3,000 civil rights demonstrators led by Dr. Martin Luther King, Jr., began a four-day march from Selma, Alabama, to Montgomery, Alabama to demand federal protection of voting rights. There were violent attempts by local police, using fire hoses and dogs, to suppress the march. A march two weeks before on Mar 7. 1965, was called "Bloody Sunday" because of the use of night sticks, chains and electric cattle prods against the marchers by the police. As a young news editor for KFRC radio in San Francisco, I interviewed live marchers, plus recorded interviews with sheriff spokesmen, who were surprised that a San Francisco radio station would be interested in the event and their comments were quite candid. I had interviewed Dr. King, Jr., several times, but he was at the lead of the demonstration and could not come to the telephone booth on the parade route. The marchers were also not allowed bathroom privileges, food and water were also a problem, and there was no television coverage in those days, plus film camera were held off by the local police. This was the beginning of true equality for Black people in all parts of the United States.
    1968---Top Hits
(Sittin' On) The Dock of the Bay - Otis Redding
Love is Blue - Paul Mauriat
Simon Says - 1910 Fruitgum Co.
A World of Our Own - Sonny James
    1970 - The Beatles established a new record. "Let It Be" entered the "Billboard" chart at number six. This was the highest debuting position ever for a record. "Let It Be" reached number two a week later and made it to the top spot on April 11, overshadowing Simon & Garfunkel's "Bridge over Troubled Water".
    1973-Frank Mahovlich of the Montreal Canadiens scored the 500 th goal of his career in a 3-2 victory over the Vancouver Canucks. Mahovlich finished his career with 533 goals and entered the Hockey Hall of Fame in 1981.
    1976---Top Hits
December 1963 (Oh, What a Night) - The Four Seasons
Dream Weaver - Gary Wright
Lonely Night (Angel Face) - Captain & Tennille
Faster Horses (The Cowboy and the Poet) - Tom T. Hall
    1984---Top Hits
Jump - Van Halen
Girls Just Want to Have Fun - Cyndi Lauper
Somebody's Watching Me – Rockwell
Elizabeth - The Statler Brothers
    1988 - Bitterly cold weather prevailed across the northeastern U.S. Portland ME reported their coldest spring day of record with a morning low of 5 above, and an afternoon high of just 21 degrees. Marquette MI reported a record low of 15 degrees below zero.
    1990 - The first full day of spring was a cold one for the eastern U.S. Freezing temperatures damaged 62 percent of the peach crop in upstate South Carolina, and 72 percent of the peach crop in the ridge area of South Carolina. Elkins WV, which a week earlier reported a record high of 82 degrees, was the cold spot in the nation with a morning low of 16 degrees.
    1994 - Actress/Comedienne Whoopi Goldberg hosted the 66th Annual Academy Awards show at the Dorothy Chandler Pavilion. The film that was created so the world would never forget the Holocaust -- the inhumanity of mankind to other humans -- received the highest honors this evening. The Academy of Motion Picture Arts and Sciences (AMPAS) awarded "Schindler's List", nominated in no less than 12 categories, with seven Oscars: beginning with Best Writing/Screenplay Based on Material from Another Medium (Stephen Zaillian); Best Art Direction-Set Decoration (Allan Starski, Ewa Braun); Best Cinematography (Janusz Kaminski); Best Film Editing (Michael Kahn); Best Music/Original Score (John Williams); Best Director (Steven Spielberg); and culminating with Best Picture (Producers Steven Spielberg, Gerald R. Molen and Branko Lustig). "Schindler's List" was not the only film to receive multiple golden statuettes. "Philadelphia" (nominated five times) scored two awards, Best Actor (Tom Hanks) and Best Music/Song, "Streets of Philadelphia" to Bruce Springsteen. "The Piano" (nominated in eight categories) won both Best Actress (Holly Hunter)and Best Supporting Actress (Anna Paquin), and Best Writing/Screenplay Written Directly for the Screen (Jane Campion); "Jurassic Park" received the Best Sound award (Gary Summers, Gary Rydstrom, Shawn Murphy, Ron Judkins), the Best Effects, Sound Effects Editing award (Gary Rydstrom, Richard Hymns), and the Best Effects, Visual Effects award (Dennis Muren, Stan Winston, Phil Tippett, Michael Lantieri). Tommy Lee Jones picked up the Best Supporting Actor award for "The Fugitive", a film nominated in seven categories.
http://www.infoplease.com/ipa/A0149895.html
    1995—Top Hits
Take A Bow- Madonna
Candy Rain- Soul For Real
Creep- TLC
Red Light Special- TLC
    1999 - the 71st Annual Academy Awards ceremony was hosted comedienne Whoopi Goldberg, who modeled the beautiful, and sometimes bizarre, costumes from the movies nominated in the Best Costume Design category. (And the Oscar went to Sandy Powell for "Shakespeare in Love".) Gwyneth Paltrow, emotionally accepted the Best Actress Oscar for her role in "Shakespeare in Love". The film with 13 nominations and seven wins including the upset win of Best Picture of the 1998 year; Best Supporting Actress (Dame Judi Dench); Best Writing/Screenplay Written Directly for the Screen (Marc Norman, Tom Stoppard); Best Art Direction-Set Decoration (Martin Childs, Jill Quertier); and Best Music/Original Musical or Comedy Score (Stephen Warbeck). This was the first time in nine years that the film that won Best Picture did not win for Best Director. Steven Spielberg was the winning director for "Saving Private Ryan" (which also won four more of the golden statuettes). Best Supporting Actor Oscar was awarded to James Coburn ("Affliction"), his first Academy Award nomination in over 70 films. It was the longest running Academy Award ceremony to date, including Sophia Loren , who said, “and the Oscar goes to Roberto!” (Best Actor: La Vita è bella - Roberto Benigni). In plain English, "Life is Beautiful". Roberto Benigni was the first actor in a foreign language film to receive an Oscar. Coincidentally, Ms. Loren had been the first actress to be so honored. Benigni had received an Oscar earlier in the evening for Best Foreign Film ("Life is Beautiful") when he pirouetted on top of seat backs, hopping and dancing to the stage. http://www.infoplease.com/ipa/A0774113.html
    2000---Top Hits
Say My Name- Destiny s Child
Maria Maria- Santana Featuring The Product G
Amazed- Lonestar
Breathe- Faith Hill
    2228--- Captain James T. Kirk birthday

NCAA Basketball Champions This Date

    1959 California
    1964 UCLA
    1970 UCLA

 

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