Friday, March 9, 2007
Headlines--- Classified Ads—other sites ######## surrounding the article denotes it is a “press release”
-------------------------------------------------------------- Classified Ads—other sites
The classified ads on the Leasing News web site are free. Other e-Mail Posting Sites: accountingweb.careerbank.com In addition, those seeking employment should go to the human resource departments on company web sites for funders, captive lessors, and perhaps “broker-lessors.” To place a free “job wanted” ad here, please go to: For a full listing of all “job wanted” ads, please go to: -------------------------------------------------------------- Direct Capital Corporation in the News
Allied Capital commitment of $75 million to acquire a majority interest in Direct Capital Corporation has brought much attention to the Portsmouth, New Hampshire company, including a visit from U.S.
Congressman Jeb Bradley, left, takes a tour of Direct Capital Corporation with Chairman Chris Broom on Wednesday in Portsmouth. PORTSMOUTH - Reforming the health-care system and maintaining the tax benefits enacted in 2003 are two challenges Congress must meet in order to support the work of small businesses, U.S. Rep. Jeb Bradley, R-NH, told some 140 Direct Capital Corporation employees on Wednesday. Founded in 1993, the business provides equipment and technology financing for small businesses. "Business is good," said DCC Chairman Chris Broom, as he and other staffers met with Bradley before the 1st District congressman toured the company’s new, 20,000-square-foot facility on Bradley, a member of the Armed Services, Small Business and Veterans’ Affairs committees, is running for re-election this November. He is challenged by Republican Bob Bevill, of Merrimack, and Democrats Justin Nadeau, of Portsmouth, and Bob Bruce, of Candia. Bradley’s visit to DCC gave employees a unique opportunity to share their successes and concerns with the congressman. For example, DCC has benefited from a provision of the 2003 tax reforms that allow businesses to expend up to $100,000 on capital purchases, an increase from $25,000. "That’s been a great stimuli," Broom said. The company secures financing for some 250 to 300 businesses each month, ac cording to company principals. "These things are very important for continued small business growth in the country," Bradley said of the 2003 tax reforms. "I think we absolutely have to continue them." But other pending initiatives are problematic for businesses, company officials said. Marketing Director Robyn Gault told Bradley proposed FCC regulations, set to take effect next year, which would bar companies from sending contracts and invoices via fax machines without signed approval from the recipients, would bog down DCC’s business. Meanwhile, health-care reform remains foremost on Bradley’s plate, he said. The lawmaker supports legislation that would reform laws that govern medical-malpractice lawsuits. "We need to reduce the number of frivolous lawsuits and also put a cap on (financial awards for) pain and suffering," he said. The congressman also supports legislation to create associated health plans. The plans would allow small businesses to purchase health insurance in large pools and across state lines, Bradley said. He encouraged DCC employees to take advantage of health savings accounts, which allow workers to put tax-free money into a health-savings account for medical expenses, he said. Bradley has also introduced legislation that looks to screen out counterfeit prescription drugs to ensure their safe importation, he said. The future of the Portsmouth Naval Shipyard is also on the congressman’s mind. The shipyard is eyed for possible closure under the Department of Defense’s next base realignment and closure round. Bradley called the shipyard "one of the most productive" in the country. He supports a proposed, two-year delay in the BRAC process. "I’m pretty optimistic we’ll be successful in keeping (the shipyard) off the next BRAC (round)," he said. -------------------------------------------------------------- Four Leasing individuals make top Forbes Billionaire List
273. Steven Udvar-Hazy, California, 61, $3.2, International Lease Finance The ranking of the world's richest people as estimated by Forbes magazine. Listings include rank, name, home country or state, age where known, wealth in billions of dollars and source of the money.
-------------------------------------------------------------- Bob Baker, CLP, with fiancée Debbie Stolte
"I asked Debbie a girl I have been dating for a year and a half to marry me on Valentines Day. "Debbie is the credit manager for NACM St Louis region." (We congratulate our long time friend and member of the Leasing News Advisory. Board. Editor) Robert D. Baker, CLP -------------------------------------------------------------- Leasing Industry Help Wanted
Credit Analyst
Sales Regional Office
Small Ticket Specialists
-------------------------------------------------------------- Ed Castagna to present award
Edward Castagna, President of Nassau Asset Management, as a member of the Leasing News Advisory Board, will be presenting Key Equipment Finance President Paul A. Larkins “the Leasing News Person of the Year for 2006” at the ELFA/SAP Executive Roundtable being held in Bonita Springs, Florida this Sunday, March 11.
Larkins was chosen by Leasing News as the person who has done the most for the entire equipment leasing industry in 2006. He has promoted education among his employees, to other companies to do the same, contributing both money and time in this effort, including the University of Colorado has demonstrated leadership in the entire equipment leasing industry, not only in the continental United States, but aboard. His contributions start at home in Superior, Colorado Leeds School's Office of Diversity Affairs. Larkins has been a leading proponent and fund-raiser for LeasePAC and a long time supporter of the Equipment Leasing and Finance Foundation, serving on the Foundation’s National Development Committee. Last year he also served as Chairman of the Equipment Leasing and Finance Association, seeing the retirement of 27 year president Michael J. Fleming, CAE, the engagement of former Congressman Kenneth E. Bentsen, Jr. , the changing of the association’s name to include “finance” and its inherent direction, the incoming of the association's first female chairman, Valerie Hayes Jester, pending FASB accounting rules changes, plus recognizing the need for the leasing industry to have a more active voice in Washington and the 50 state legislatures.
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-------------------------------------------------------------- Lorenz joins UBS Financial Services
Gregory M. Lorenz, CFP® has joined UBS Financial Services, Inc.(UBS) as a Financial Advisor in its Mission Viejo, California branch. Formerly a Vice President in portfolio management for Commonwealth Capital Corp. and United Computer Capital Corporation, Mr. Lorenz brings with him a strong background in the field of financial services.
Mr. Lorenz has earned his Certified Financial Planner™ credentials, and his Series 7 & 66 licenses. With over 15 years experience in the equipment leasing industry, he can offer the wide array of UBS products and services to a market in which he has a great deal of understanding as to its business processes and the needs of its individuals. "As the Manager of UBS Financial Services Inc.'s Mission Viejo, California office, I am proud to announce that Gregory has chosen UBS, one of the largest investment banking and brokerage firms in the world; which also provides comprehensive wealth management services to help individuals and businesses make investment decisions that are appropriate for their respective needs," states "In 1985, I joined Daley Marketing Corporation eventually leaving as a VP there and continuing on as a VP of Portfolio Management for both Commonwealth Capital Corp. and United Computer Capital Corporation until 2003," he told Leasing News. “During my 18 years in the business, in addition to my job duties, I spoke at a number of company specific functions, as well as conferences hosted by the American Society of Appraisers, the Equipment Leasing Association and the Computer Leasing & Remarketing Association (formerly CDLA) on topics ranging from the current and future state of the computer leasing industry to residual value forecasting of high technology equipment. Within this timeframe, I was a fairly visible and recognized figure in the industry. Gregory M. Lorenz, CFP® can be contacted at UBS Financial Services Inc., 26522 La Alameda, Suite 300, Mission Viejo, CA 92691, (949) 364-7800 or at gregory.lorenz@ubs.com. -------------------------------------------------------------- Oliva enters Chicago Entrepreneurship Hall of Fame The University of Illinois at Chicago Institute for Entrepreneurial Studies inducted Sam Oliva, Samuel N. Oliva, CPA, CMA, CLP, as one of this year’s entrepreneurs into its Chicago Area Entrepreneurship Hall of Fame.
Sam Oliva is he managing partner of ECS Financial Services and CEO of Beacon Funding Corporation. He joined ECS in 1978 and was made managing partner in 1981. He is a Certified Public Accountant; Certified Management Accountant; Certified Lease Professional; Licensed Real Estate Broker (Illinois); Licensed Business Broker (Illinois). His expertise is in leasing company management; merger and acquisition consulting; real estate brokerage, finance and management; estate administration; litigation support; personal and corporate tax planning; financing acquisition and negotiations; investment advice and systems consulting; strategic business planning. Curriculum Vitae: -------------------------------------------------------------- Personal Tax Changes from Jeffrey Taylor, CLP
There are a number of changes in the laws affecting estate, gift, and capital gains taxes. Here's some brief information on the changes. Federal estate tax law amounts--For many over age 50, their home is the largest asset in their estate. The amount in an estate that is excluded from Federal Estate Tax is $2 million for 2007 and 2008. The exclusion rises to $3.5 million for 2009. Gift tax--An individual can make a gift of up to $12,000 to any other individual without paying a gift tax or reporting the gift. Just a reminder: The tax on gifts over $12,000 is paid by the donor--the person giving the gift. Capital Gains Tax-In 2007 and 2008, the maximum tax percentage is 15% on long-term (over a year) capital gains (sales price minus basis, which varies based on the circumstances). On December 31, 2008, that maximum rises to 20%. The minimum tax percentage fluctuates. It is 5% in 2007, dips to a zero minimum (0%) in 2008 and then goes up to 10% on December 31, 2008. In 2007, the capital gains tax exemption amounts remain the same: $250,000 is not subject to tax for an individual, and for couples, the figure is $500,000. http://jeffreytaylorrealestate.com --------------------------------------------------------------
-------------------------------------------------------------- Instead of April 2, this year it's March 11
Daylight Savings Time begins this Sunday: 2 a.m. on the Second Sunday in March (March 11) Daylight Saving Time - for the U.S. and its territories - is NOT observed in Hawaii, American Samoa, Guam, Puerto Rico, the Virgin Islands, and by most of Arizona (with the exception of the Navajo Indian Reservation in Arizona). For the correct time of the day, you can call dial “POP-CORN” Benjamin Franklin, while a minister to France, first suggested the idea in an essay titled "An Economical Project for Diminishing the Cost of Light." The essay was first published in the Journal de Paris in One of the biggest reasons we change our clocks to Daylight Saving Time (DST) is that it saves energy. Energy use and the demand for electricity for lighting our homes is directly connected to when we go to bed and when we get up. Bedtime for most of us is late evening through the year. When we go to bed, we turn off the lights and TV. In the average home, 25 percent of all the electricity we use is for lighting and small appliances, such as TVs, VCRs and stereos. A good percentage of energy consumed by lighting and appliances occurs in the evening when families are home. By moving the clock ahead one hour, we can cut the amount of electricity we consume each day. Daylight Saving Time saves energy. Based on consumption figures for 1974 and 1975, The Department of Transportation says observing Daylight Saving Time in March and April saved the equivalent in energy of 10,000 barrels of oil each day -- a total of 600,000 barrels in each of those two years. California Energy Commission studies confirm a saving of about one percent per day. Daylight Saving Time saves lives and prevents traffic injuries. The earlier Daylight Saving Time allowed more people to travel home from work and school in daylight, which is much safer than darkness. And except for the months of November through February, Daylight Saving Time does not increase the morning hazard for those going to school and work. -------------------------------------------------------------- Leasing Books
-------------------------------------------------------------- Ning on line: older generation “My Space”
From the developer of the first “easy to use” internet browser, Netscape, comes Ning (www.ning.com) The “free” version has an “ad” on the side. This has a number of features, and as Kit Menkin develops his “Kit and Bode,” about a man and his dog, will give a report to those interested in creating their own “social network.” ----------------------------------------------------------- Last Day to Register “Early Bird” UAEL Conference
--------------------------------------------------------------- Serio named Butler Capital president Founder Lawrence Butler assumes title of chairman and CEO
HUNT VALLEY, Md. – Lawrence J. Butler, chairman and CEO, Butler Capital Corporation, has named Joseph P. Serio president and chief operating officer of the national business lending firm. Serio’s promotion represents the first time in nearly 30 years that Butler Capital’s presidency has been held by anyone other than the company’s founder.
With Serio’s promotion, Butler ascends to the role of board chairman. He retains the CEO title.
Originally hired in 1995 as controller to oversee the firm’s financial accounting, portfolio management, and collections, Serio was promoted to vice president and chief financial officer in 1998, adding credit operations to his responsibilities. In mid-2001, he was named executive vice president and became chief operating officer in 2005. Serio is responsible for Butler Capital’s business development, operations, credit underwriting, and finance units, overseeing a staff of more than 50 professionals. Under his stewardship, the company’s assets have more than doubled over the last five years. The Eldersburg resident is an alumnus of the University of Baltimore Merrick School of Business with a Bachelor of Science in business administration. Established in 1978, Butler Capital is an independent, national funder that provides general business loans and leases throughout the U.S. Its lending teams specialize in the fast-casual franchise restaurant, car wash, convenience store, dry cleaning, and office furnishings/equipment markets. In addition, Butler maintains an active lessor/broker unit to purchase individual transactions and portfolios from brokers, lessors, and financial institutions nationwide and a sales finance unit that works with manufacturers to fund their customers’ purchase of goods and services. For more information visit the company’s Web site at www.ButlerCapital.com. Recent article: Mitsui backs out of purchase of Butler Capital ### Press Release ########################### AIG Commercial Equipment Finance adds Assistant General Counsel AIG Commercial Equipment Finance, Inc. (AIGCEF) is pleased to announce that Ronald D. Horner has joined the company as Assistant General Counsel reporting to B. Andrew Fletcher, Senior Vice President and General Counsel. Mr. Horner has over nineteen years of legal experience. Most recently he was Vice President and Associate General Counsel with CitiCapital. Prior to that, he was a Partner with law firms in Phoenix and Dallas. Ron holds a Bachelor of Business Administration degree from Texas Christian University, a Juris Doctor degree from Southern Methodist University, and a Master of Laws degree (Securities and Financial Regulation) from Georgetown University. Ron will be based in Plano, Texas and can be reached at 972-987-3760 or at ron.horner@aig.com. AIG Commercial Equipment Finance, Inc. (AIGCEF) is an equipment lease and finance subsidiary company of American International Group, Inc. (AIG). AIGCEF actively seeks middle and upper-middle market transactions and has platforms specializing in the general equipment, tax-exempt, franchise, healthcare and rail markets, building long-term relationships with our business partners. More information on AIGCEF can be found at www.AIGCEF.com. AIG, world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo. ### Press Release ########################### DaimlerChrysler Financial Services Americas Launches CompleteLease, - CompleteLease addresses the needs of entrepreneurs who constantly strive to add value to their businesses and to improve customer service INDIANAPOLIS, -- DaimlerChrysler Financial Services Americas today announced its entry into the trucking industry's full service leasing market. Its comprehensive Sterling Trucks CompleteLease(TM) and Chrysler Financial CompleteLease(TM) initiatives are aimed at small business owners in the vocational segment. CompleteLease was announced to the news media here covering the National Truck Equipment Association's (NTEA) "Work Truck Show" at the RCA Dome. CompleteLease offers the convenience of a single-source transportation package for busy entrepreneurs. It features sturdy, durable vehicles and includes tailored financing, like an operating lease, maintenance, repair and other value added time-saving options such as titling, registration, compliance services and a fuel card. The announcement followed the product introductions here of the all-new Sterling Bullet(TM) and Dodge Sprinter Chassis Cab. CompleteLease will support these vehicles as well as the rest of the Sterling Trucks and Chrysler Group lineup. DaimlerChrysler is the largest manufacturer of commercial vehicles in the world and DaimlerChrysler Financial Services is one of the largest financial services companies in the world. "Based on the depth of our experience in both the commercial vehicle industry and the financial services industry, our customers and dealers have been asking us to develop a full service leasing package," said Geoff Robinson, Director Sales, DaimlerChrysler Truck Financial. "Our primary target market is the commercial vehicle customer with a small to mid-size fleet of fewer than 100 vehicles in the vocational segment." CompleteLease is designed for customers whose core business focus is in areas such as the food service and beverage sector, furniture stores, fuel distribution, plumbing supply, landscaping and contracting. Robinson said DaimlerChrysler recognizes the opportunity to reach out to small business owners utilizing medium to heavy duty trucks as well those in the light to mid-range truck classes. "Our research shows there is an appetite for full service leasing in the United States which led us to develop and introduce an all-new full service leasing initiative supported by the depth and scope of DaimlerChrysler," Robinson continued. "All of that is framed by the needs of our dealers and those entrepreneurs who are running small businesses." Currently, CompleteLease is being offered by a select number of Sterling Trucks dealers and Chrysler Group BusinessLink dealers. Expanding the number of dealers during the ramp-up phase, the program will be offered by most Sterling Trucks and Chrysler Group BusinessLink dealers by 2009. "We provide a wide range of vehicle choices with one monthly payment that covers vehicle acquisition, tailored financing, fleet management, maintenance support and hassle-free disposal at the end of the term," Robinson said. "Essentially, we're saying to small business owners, 'You handle your business and we'll handle the rest.'" About DaimlerChrysler Financial Services Americas LLC
### Press Release ###########################
News Briefs---- Fed Finds Soft Spots In U.S. Economy CoAmerica Bank's headquarters to move to Dallas, affecting 200 jobs Developer gives SJSU $15 million, the largest gift in its 150-year history $600 million raised in Clearwire debut Ark. pols blast FEMA for tornado response American Idol: 3/8: B-bye Antonella and Sundance “Idol Gives Back” Charity Announcement ---------------------------------------------------------------
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“Gimme that Wine” 360 Global Wine Co. files bankruptcy Appeals court hears Costco challenge of laws inflating beer and wine prices What You Need to Know When Buying Wine at Auction: Napa and Sonoma's mountain vineyards produce Cabernets with desirable intensity Wine Prices by vintage ----------------------------------------------------------------
http://www.leasingnews.org/Audio/Thought%20About%20You.mid
Insider's Guide to San Francisco's Best Restaurants
The Leasing News book section mentioned above includes the late Jeffrey Wong's definitive book on leasing, published by Mathew Bender, which is up-dated every year. It perhaps is still the most definitive and most expensive book, on equipment leasing available. In addition to his brilliant legal mind and personality, he is also remembered for two other terrific attributes: stand-up comic and lover of excellent food and wine. It's difficult to believe he passed away over five years ago, November 16, 2001 to be exact. He died at age 58. The Bohemian Club was central to his life and he was a talented and gifted comedian. He was a graduate of Princeton, class of '65 and UC Hastings College of Law. An avid golfer, he was a long time member of the Presidio and Olympic Golf Clubs. His amazing sense of humor, generosity of spirit and joie de vivre, made him a special favorite among the many clubs and organizations to which he belonged." Even his singing at the many leasing conferences he attended is remembered by many...but perhaps to those of us who were able to have lunch or dinner with him, his best attribute was knowing where to eat. Not only was it a great pleasure to enjoy his company, but he really knew his restaurants, and the owners knew him, too. First as Dinkelspiel and Dinkelspiel and then as Cooper-White-Cooper, he printed out his rating of restaurants, which he passed to clients, friends, and those in the San Francisco Bay Area. It was a treasure to have. Just as his book is not out of date, surprising to me, and perhaps it should not be, his last restaurant guide is also not out of date. If you go to one of these restaurants, give a toast to the late Jeffrey Wong, an attorney! who is greatly missed and will not be forgotten by those of us who knew him. http://leasingnews.org/PDF/Consensus.pdf ----------------------------------------------------------------
Calendar Events This Day Joe Franklin Day Middle Name Pride Day National Crabmeat Day Panic Day Saint Feast Days · St. Frances of Rome ----------------------------------------------------------------
Africa is divided into more countries than any other continent (0) Antarctica (Antarctica is located at the South Pole. It is the fifth largest continent. There are no countries on this continent). (1) Australia (Australia is the smallest Continent. Australia is the only continent that is its own country. Because Australia is in the southern hemisphere, it is often called "The Land Down Under." (13) North and South America (North America is the third largest continent. South America is the fourth largest continent. There are 13 countries that make up this continent). (46) Europe (Europe is the sixth largest continent. This continent is made up of 46 countries). (48) Asia (Asia is made up of 48 countries. Asia makes up nearly 1/3 of the Earth's land mass). (53) Africa (Africa is the second largest continent. The continent is divided into 53 different countries). http://www.lib.clemson.edu/GovDocs/maps/countries.htm#australia
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Today's Top Event in History 1933- Singer Lloyd Price, an important figure in New Orleans rock 'n' roll, was born in the Louisiana city. He first hit the charts in 1952 with "Lawdy Miss Clawdy," a song originally designed to be used as a radio commercial. The piano player on the record was Fats Domino. After two years in the armed forces, Price resumed his recording career with "Just Because," which hit the charts in early 1957. The following year he had his only number-one hit, "Stagger Lee," which he wrote with his manager, Harold Logan. Price's other hits include "Personality" and "I'm Gonna Get Married." Lloyd Price—“Personality” Over and over 'cause you got personality, Over and over [headlines]
This Day in American History 1451-Birthday of Amerigo Vespucci, Italian navigator, merchant and explorer for whom the Americas were named. He participated in at least two expeditions between 1499 and 1502 which took him to the coast of South America. Vespuccis expeditions were of great importance because he believed that he had discovered a new continent, not just a new route to the Orient. Neither Vespucci nor his exploits achieved the fame of Columbus, but the New World was to be named for Amerigo Vespucci by an obscure German geographer and map maker, Martin Waldseemuller. Ironically, in his work as an outfitter of ships, Vespucci had been personally acquainted with Christopher Columbus. -------------------------------------------------------------- Winter Poem Winter’s Embrace By Joanna Fuchs When winter blows its cold breath everywhere, It’s time to snuggle in for winter fun Winter’s gloom is comforting somehow, -------------------------------------------------------------- SuDoku The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler? http://leasingnews.org/Soduku/soduko-main.htm -------------------------------------------------------------- Daily Puzzle How to play: Refresh for current date: -------------------------------- |
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