This Border ##### Denotes Press Release (Not Written By Leasing News)
Backroom: All Locations
Are you a broker or a rep for a major lessor? Want to just market and leave the backroom an packaging functions to us? Call us.
Backoffice: Atlanta , GA. GlobalTech Portfolio Services provides world class lease, loan administration and asset management for equipment and vehicles. Current portfolios $1 billion. Contact Alan Zeppenfeld 678-816-2216 E-mail:email@example.com
Back Office: Atlanta, GA. Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm in US E- mail:firstname.lastname@example.org
Backoffice: Dallas, TX.
Property Tax and sales and use tad administration services performance is guaranteed and we will save you time and money or our service is free.
Backoffice: Indianapolis, IN
IntegraLease,LLC specializes in delivering customized back-office lease portfolio admin./ ASP services for lessors, banks, manufacturer captives: other financial institutions. Paul Henkel (317) 251-5352 ex. 7201
Back Office: Laughlin, NV. 20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved. E-mail:email@example.com
Back Office: Northbrook, IL
Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/income tax, accounting, etc. E- mail:firstname.lastname@example.org
Back Office: San Rafael, CA
We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management. E- mail:email@example.com
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Hugh with his wife Lynne.
L Hugh Bennett was born January 14, 1931 in Davenport, Iowa. He graduated East High School in Denver, Co. in 1948. Spent four years in the Navy, with MATS, during the Korean War and graduated with a bachelor's degree from the University of San Francisco in 1958. After 12 years with General Electric Corp., Hugh spent several years with Laurentide Leasing, GE Leasing and President of Finance for AW Restaurants, where he activated their leasing arm.
Hugh founded HB Enterprises in 1973 and enjoyed many very successful years establishing himself and his leasing company as a reputable firm with impeccable integrity. His wife, Lynne, joined the business in 1983.
Hugh loved Jazz, Gardening, Scuba Diving in Mexico, long walks in San Francisco and on Venice Beach, and meeting new people. He died of Cancer on October 24,2003 and will be sorely missed by his wife of 35 years, Lynne, of Los Angeles. Hugh is survived by his nephew, Stacy W. Shonk, his wife Sharon Reid-Shonk and their newborn son, Oliver, of Vallejo and sister-in-law, Denzille Shonk, nieces, Lori Romero, Alison Pacheco, Lesley Munson, and nephew, Keith Stone, and several great nieces and nephews, all residents of the San Francisco Bay Area.
“I am sorry to hear about Hugh's passing. He was quite a guy. It seems as
though he was in this business forever. He was always around the association
meetings with a smile on his face and a "How ya doin." I always enjoyed
talking to him and discussing the state of our industry. He was always soft
spoken and never talked your ear off but he had a lot to say that was worth
while listening to. He was one of the good guys.”
W. Russell Runnalls, CLP
Markay Financial Corporation
20407 Strathern Street
Canoga Park, CA 91306
**** announcement *********************************
Next Monday----The Deal is in the Details
A WORKSHOP IN FINANCIAL STATEMENT ANALYSIS & INTERPRETATION
WHEN: MONDAY, NOVEMBER 17, 2003
WHERE: RAMADA INN, 324 East Shaw,
Fresno, CA 93710
Tel: 559 224-4040
TIME: 9:00 a.m. to 4:00 p.m. (lunch on your own)
How to read and interpret your prospect's financial statements.
How to qualify your prospects.
How funders look at full disclosure transactions.
How to understand what the real story is in your story credit.
How to explain your deal to your credit manager or funder.
How to make the best use of your selling time.
The class will be presented by Bob Teichman, CLP, an industry veteran celebrating his 40th year in the equipment leasing business.
COST: $245 (first attendee from a company)
$225 (for each additional attendee from a company)
For more information call: 415 331-6445 or e-mail BoTei@aol.com
Pre-register by sending your check to:
Bob Teichman, CLP
Teichman Financial Training
3030 Bridgeway, Suite 213
Sausalito, CA 94965
Registration at the door on a space-available basis only.
"Providing education and training to the equipment leasing and financing industry
**** announcement *********************************
New York and Chicago Course Offerings
Financial Statement Analysis for Banks and Non-Banks
Harris Bank Reaches out to Unbanked
New York: November 17 - 21, 2003 - $2,750 per person
Introduction to Securitization and ABS
New York: November 21, 2003 - $1,200 per person
.Insurance Company Analysis
Chicago: November 17 - 18, 2003 - $2,800 per person
Emerging Market Banks and Sovereigns
Chicago: November 19 - 20, 2003 - $2,700 per person
US Bank Analysis
Chicago: November 19 - 20, 2003 - $2,200 per person
Financial Statement Analysis for Insurance Companies
New York: December 8, 2003 - $1,375 per person
Insurance Company Analysis
New York: December 9 - 10, 2003 - $2,800 per person
Should you have any questions regarding the above programs or be interested in having a similar course tailored to the specific needs of your organization, please contact me on 011 44 207 376 2406
10 Adam & Eve Mews
Tel: + 44 (0)20 7376 2406
**** announcement **********************************
Harris Bank Reaches out to Unbanked
Harris Bank, a community bank network in Illinois, implemented a new ATM product in Chicago geared to the "unbanked" market.
The product allows people who do not have a bank account to cash paychecks, send money or buy money orders at ATM machines. The vendor for the product, California-based Infonox, also signed on with Bank of America for a similar ATM service earlier this year.
Harris Bank is a subsidiary of BMO Financial Group, a diversified $156 billion financial services institution.
Cartoon from Cindy Spurdle, CLP Foundation
Will it Float? Or Will it Sink?
One World (Leasing Co-Op) is down to five core members, but about to
add a professional executive director, president. The group decided they
were going in too many directions and their problem was a “lack of leadership.”
The committee decided they needed a “chairperson.”
Louis Schneider, former partner of Preferred Capital, is into his second year of
law school, apparently in New England “ ...and apparently loves it. He is in semi-hiding while attending school so nobody knows which school he’s attending. He is enjoying his time away from leasing.”
We’re looking for Mr. Schneider former partner, David Murray. We are told
the last company he was working for may be in a lot of trouble with the
California Attorney General, among others. Trying to not only trace
him down, but see if he will make a comment about why he left.
Look for a major leasing company to start a “broker division.” Going
against the tide, they are about to hire a top person to run it. We hope
to be the first to make the announcement.
“When you described me as "urbane" at times when saying I would cover the
NAELB show, I thought I had a new disease. After looking up urbane in
the dictionary, I think you have the wrong person. It should be a good
meeting and I'll send you the report sometime on Sunday before you go to
press for Monday. Take care, Charlie”
Charlie Lester CLester@LPIFinancial.com
(Charlie will be covering the National Association of Equipment Leasing
Brokers conference. I hope the president, board, and other members will
be courteous to this “Southern Gentleman.” ( “Urbane is evidently not
adj 1: showing a high degree of refinement and the assurance that comes from wide social experience; "his polished manner"; "maintained an urbane tone in his letters" [syn: polished, refined, svelte] 2: characterized by tact and propriety 3: marked by wide-ranging knowledge and appreciation of many parts of the world arising from urban life and wide travel; "the sophisticated manners of a true cosmopolite"; "urbane and pliant...he was at ease even in the drawing rooms of Paris" [syn: sophisticated]
(You might be able to “walk-in” to the conference, but if anyone gives you trouble, ask for Bob Bell---He is a good friend of mine and I know he will accommodate you.
Topics to Include:
Licensing Law T Value 5
Northern California United Association of Equipment Lessors look for
a Christmas party on 12/10/03 in Walnut Creek at McCovey's from 4-6.
Food compliments of Bank of Walnut Creek and a no host bar.
They have a lot of money, so this will be a good one to attend.
Write the date down now.
$19.95 for Current DSL Subscribers in California, Illinois, and Maryland.
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This offer is only available in California, Illinois and Maryland. Speed comparisons are for downloads only and are compared to 768Kbps DSL and/or 56K dial-up. Upstream speed limited to 256Kbps Many factors affect speed. Actual speeds vary and are not guaranteed. Offer available to new residential customers who are currently subscribers of a DSL internet service provider, who are also in Comcast Cable wired and serviceable areas only. Customer must honor existing contract obligations. Customers
must present a current DSL internet service provider bill at the time of Comcast High-Speed Internet installation. New Comcast High-Speed Internet customers only. Receive first 12 months of service for $19.95/month after service activation. After promotional period, regular monthly service and equipment charges apply. Rates vary for non Comcast Cable subscribers. Cable modem and other equipment
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Subject to Comcast Online Subscriber Agreement. Limited 30-day money back guarantee covers the following: Comcast's standard installation charges, one month Comcast High-Speed Internet service and modem rental or purchase fees actually paid when service is cancelled within 30 days. All equipment provided by Comcast must be returned in its original condition less reasonable wear and tear. Limited
guarantee limited to reimbursement of charges actually paid. Call Comcast for details and restrictions.
Offer expires 11/30/03.
Leasing Industry Help Wanted
### Press Release ###########################
www.LeaseAssistant.org Named as a Business Best Resource
(" The Lease Assistant Lessor Directory can be used to find a company to match your leasing needs. All companies in the directory are among the more than 800 members of the Equipment Leasing Association of America and follow its Code of Fair Business Practices."}
-Arlington, Virginia-The Equipment Leasing Association (ELA)
is proud to announce its informational portal for financial
decision-makers, http://www.LeaseAssistant.org, was recently named to
the BizBest100 for 2004. The site will be profiled in the upcoming
paperback edition of The 100 Best Resources for Small Businesses.
The BizBest100, published by BizBest Media, is a resource for small
businesses seeking tools and resources to run their businesses to
maximum efficiency and profitability. BizBest Media publishes resource
and solutions information in a variety of formats and accepts no
advertising, sponsorships or paid listings of any kind.
Small businesses looking for support in determining whether or not
equipment leasing is a best option should visit www.LeaseAssistant.org.
The site contains a glossary of terms, a database of leasing companies,
a lease versus buy analysis, the ten questions to ask before signing a
lease, and more.
"We are delighted to receive this recognition," said Amy Miller Holmes,
CAE, ELA's Vice President of Communications and site manager. "We knew
the Lease Assistant site has been a destination for many small
businesses and a resource for the news media, but getting recognition
from a media organization dedicated to serving small business owners and
start-up entrepreneurs shows we are on the right track in helping people
understand that leasing is an important financing vehicle."
The book will be published officially on December 1 and advance copies
will be available via Amazon.com, BarnesandNoble.com, Bizbest100.com and
other online book sellers by Mid-October.
Organized in 1961, the Equipment Leasing Association (ELA) is a
non-profit association representing companies involved in the dynamic
equipment leasing and finance industry. ELA's mission is to promote the
leasing industry as a major source of funds for capital investment in
the United States and abroad.
ELA maintains an informational portal for financial decision-makers to learn more about leasing and find a leasing company at http://www.LeaseAssistant.org.
Headquartered in Arlington,Virginia., ELA has more than 800 member companies and a staff of 25 professionals. Equipment leasing was reported to be a $208 billion
industry in 2003. Visit ELA online at http://www.ELAOnline.com.
### Press Release ################################
Tax 'Loophole' Discovered for Huge SUVs
Greenspan Buoyant on Jobs Outlook
of his speech:
October Retail Sales Climb, but Slowly
Cisco's Strong Profit Propels Nasdaq to 22-Month High/ 76% to record
Chip industry ready to make a comeback
After 2 long years, sales expected to rise
FTC Blocks Pop-Up Spam Scam
How salaries stack up
comparison if you move to another city
California Nuts Briefs---
to Hire Grope Probe P.I.
imitators see big business in the big guy
“Gimme that Wine”
Washington State Winemakers Hail Cabernet
one of the best in the US:
This Day in American History
1637 - Anne Hutchinson, the first female religious leader in the American colonies, was banished from the Massachusetts Bay Colony for heresy, preaching that fait alone was sufficient for salvation, a believe that contradicted Puritan orthodoxy. She was condemned by an ecclesiastical synod at Newton, Mass, and fled to Rhode Island. She and her family were massacred by Indians.
1700-The population of the colonies was sparsely scattered over the large area. Below the Delaware River an isolated farm was the usual settlement, save for Charleston, which had about 250 families. Philadelphia had approximately 700 houses. New York about 5000 inhabitants. Newport less than 200, and Boston, the largest city, about 7000. There were approximately 275,000 inhabitants n the colonies. In 1701, the naming of streets was authorized by the Boston Town Meeting. Previously, only Newport and Philadelphia had officially assigned street names. At the end of seven years 109 names were submitted for ratification.
1811 – William Henry Harrison, commander of 800 U.S. soldiers fighting marauding Indians organized by Tecumseh, beat off a surprise attack led by Tecumseh’s brother Tenskwatawa, called the Prophet, at Tippecannoe River in northcenteral Indiana. The toll of U.S. soldiers was 61 dead, 127 wounded. Subsequently, Harrison’s troops destroyed the Indian confederacy. Tecumseh and many of his followers crossed over into Canada and joined British forces in the War of 1812.
1837 - United States abolitionist Elijah Lovejoy was attacked and killed by a pro- slavery mob at his printing works in Alton, Illinois.
1845-The first presidential voting nationwide took place. January 23,1845, “ an act to establish a uniform time for holding elections for electors of President and Vice President in all the states of the Union.” The day selected for voting was “the
Tuesday next after the first Monday in the month of November of the year in which they are to be appointed.” Zachary Taylor was elected president of the United States. Millard Fillmore was elected vice president. The electoral vote was Taylor, 163, Lewis Cass, Democratic candidate, 127. The popular vote was Taylor, 1,370,101: Cass, 1,220,544: Martin Van Buren, Free-Soil and Barnburners candidate, 291,263. Taylor, the second and last Whig president, died after 16 months in office. He died of cholera at the age of 55. Vice-President Millard Fillmore was sworn in on July 10,1850, as the 13th president of the United States.
1847- Lotta Crabtree birthday, taught by the legendary Lola Montez, she was the rage of the English and American stage, leaving a fortune of $4 million. Lotta's Fountain, an ornate drinking fountain which miraculously survived the 1906 San Francisco earthquake, still stands at Market Street near Kearny; her gift to a city she always loved and returned to frequently.
1874 - The Republican party elephant was born on this date. It was created by Thomas Nast's political cartoon in Harper's Weekly, attacking a possible third term for Republican President Ulysses S. Grant.
1876 - Albert H. Hook of New York City patented the cigarette manufacturing machine.
1876-T the presidential election gave Samuel J. Tilden, the Democratic candidate, a popular vote plurality of 250,000, but Republicans refused to concede on the grounds that returns from Florida, Louisiana, South Carolina, and Oregon were in dispute. Hayes needed the electoral votes of those states to win. On December 6 two different sets of electoral returns were reported from the four states. The electoral vote ultimately was determined by a special 15—member electoral commission. The nation had never faced a dispute over the results of a presidential election. The commission was divided by party lines, and deals were made it was said, as Rutherford B. Hayes, received 185 electoral votes to Tilden’s 184. Supposedly deals were made with Southern Democrats. In any event, the new president showed a conciliatory attitude toward the South: the last federal troops were withdrawn and there was no further effort to protect the rights of blacks. Reconstruction was over.
1885-at 9:30 AM the last spike was driven at Craigellachie, British Columbia, completing the Canadian Pacific Railway’s 2,980-mile transcontinental railroad track between Montreal, Quebec, in the east and Port Moody, British Columbia, in the west.
1889- Montana becomes the 41st state.
1893 - The state of Colorado granted women residents the right to vote.
1916 - Woodrow Wilson, 28th U.S. President, was reelected. The outcome of the election was one of the few in U.S. history that hinged on foreign affairs. Europe was fighting a world war, and so far, President Wilson had kept the U.S. neutral. Running with the slogan, "He Kept Us Out of War," Wilson was re-elected by a narrow margin. The very next year, Wilson’s neutrality in the European war ended. The Germans refused to curtail their submarine warfare after 120 Americans were killed aboard the British liner, Lusitania. Congress voted overwhelmingly to go to war and Wilson proclaimed American entrance into World War I a crusade to make the world “safe for democracy.” Thomas R. Marshall was reelected vice president. The election was so close that the outcome was uncertain for three days, when it became clear that Wilson had carried California, but by fewer than 4000 votes. The electoral vote was Wilson, 277: Charles Evans Hughes, Republican candidate, 254. The popular vote was Wilson, 9,128,837: Hughes 8,536,380. In congressional elections the Democrats lost three seats in the Senate but maintained a 53-42 majority, with one seat going to a minor party. In the House the Democrats again narrowed their majority over the Republicans, 216-210, with six seats held by minor parties.
1917- bassist Howard Rumsey born, Brawley, CA.
1922-Trumpet player Al Hirt Birthday. http://www.epluri.com/NOTfolder/Acts/AlHirtFolder/AlHirtSalute.html
1929 - The Museum of Modern Art in New York City was opened to the public.
1930 - Wayne King recorded what would become his theme song, "The Waltz You Save for Me", on Victor records.
1932 - CBS radio first aired "Buck Rogers in the 25th Century". Between 1932 to 1947, Matt Crowley, Curtis Arnall, Carl Frank and John Larkin played Buck over the years.
1937- Mary Travers birthday, author, composer, singer, of Peter, Paul, and Mary fame.
1940-,Duke Ellington records at Crystal Ballroom, Fargo, ND.
1944- President Roosevelt won an unprecedented fourth term in office, defeating Thomas E. Dewey. Roosevelt only lived long enough to serve 53 days of this fourth term. Harry S. Truman was elected vice-president. The electoral vote was Roosevelt, 432: Gov. Thomas E. Dewey, Republican, 99. the popular vote was Roosevelt 25,602,504, Dewey 22,006,285. In congressional elections the Democrats lost two senate seats but held a 56-38 majority. In the House, they gained 24 seats for a 242-190 lead, with two seats held by minor parties.
Five Minutes More - Frank Sinatra
South America, Take It Away - Bing Crosby & The Andrews Sisters
You Keep Coming Back like a Song - Dinah Shore
Divorce Me C.O.D. - Merle Travis
1954- “Face the Nation” premiered on TV. The CBS counterpart to NBC’s “Meet the Press,” this show employed a similar format: panelists interviewed a well-known guest. In 1983 the panel was changed to include experts in addition to journalists when Lesley Stahl succeeded George Herman as moderator. Though usually produced at Washington, DC, the show occasionally interviewed people elsewhere (such as Khrushchev in Moscow in 1957).
1950- Voters in the United States Hawaii Territory ratified a state constitution, a major step in becoming the 50th state on August 21, 1959.
( lower half: http://memory.loc.gov/ammem/today/nov07.html)
1962- Richard M. Nixon, having been narrowly defeated in his bid for the presidency by John F. Kennedy in the 1960 election, returned to politics two years later as a candidate for governor of California in the election of Nov 6,1962. Defeated again (this time by incumbent governor Edmund G. Brown, who built
the public university and college system in California), Nixon held his “last” press conference with assembled reporters in Los Angeles at mid-morning the next day at which he said: “. . just think how much you’re going to be missing. You won’t have Nixon to kick around any more, because, gentlemen, this is my last press conference.~’
I Need You Now - Eddie Fisher
This Ole House - Rosemary Clooney
Papa Loves Mambo - Perry Como
More and More - Webb Pierce
1956 - Elvis Presley hit the charts with "Love Me", the first million-seller to chart without being a single. It was an EP (extended play) 45 rpm, with three other songs: "Rip It Up", "Paralyzed" and "When My Blue Moon Turns to Gold Again" all on RCA Victor.
1962 - Richard M. Nixon, who failed in a bid to become governor of California, held what he called his last press conference, telling reporters, "You won't have Nixon to kick around anymore."
He’s a Rebel - The Crystals
Only Love Can Break a Heart - Gene Pitney
All Alone Am I - Brenda Lee
Mama Sang a Song - Bill Anderson
1963 - New York Yankee Elston Howard, was named the American League’s Most Valuable Player making him the first black player to receive the award.
1964-The Braves, for the second time in eleven years, receive permission to shift their franchise to another city. Hank Aaron and company will move from Milwaukee to Atlanta after the 1965 season.
1967- the first mayor of a major city who was African-America was Carl Stokes, a Democrat, elected this day by the citizens of Cleveland, OH.
I’ll Be There - The Jackson 5
We’ve Only Just Begun - Carpenters
Fire and Rain - James Taylor
I Can’t Believe That You’ve Stopped Loving Me - Charley Pride
1972 - United States President Richard Nixon was re-elected for a second term, in the greatest Republican landslide, defeating Democrat George McGovern. He became the first president to resign office. Spiro T. Agnew was reelected vice president. The electoral vote was Nixon, 521: Sen. George S. McGovern, Democrat, 17. The popular vote was Nixon 45,767,218: McGovern 28,357,668. The Democrats picked up two Senate seats for a 57-43 majority. The Republicans gained 13 seats in the House, but the Democrats still led 255-179, with one seat going to an independent.
1973 - New Jersey became the first state in the United States that allowed girls to play on Little League baseball teams.
You Needed Me - Anne Murray
MacArthur Park - Donna Summer
Double Vision - Foreigner
Sleeping Single in a Double Bed - Barbara Mandrell
1985- Former middleweight boxer Rubin “Hurricane” Carter was released from Rahway (NY ) State Prison after serving 19 years for a triple murder committed in a Paterson, NJ, bar in 1966. US District Court Judge J. Lee Sorokin ruled that prosecution had violated the civil rights of Carter and a codefendant. during their trials in 1967 and 1976. Denzil Washington starred in a movie about his life.
1986 - The longest high school football winning streak to date ended. Canyon High, of Canyon Country, California, lost to Antelope Valley High 21-20. Canyon High racked up 46 consecutive wins before this.
True Colors - Cyndi Lauper
Typical Male - Tina Turner
I Didn’t Mean to Turn You On - Robert Palmer
It’ll Be Me – Exile
1987 - Bruce Springsteen’s "Tunnel of Love" was the #1 album in the U.S. The rest of the top-five for the week: 2)-"Bad" (Michael Jackson); 3)-"Dirty Dancing" (soundtrack); 4)-"Whitesnake" (Whitesnake); 5)-"A Memory Lapse of Reason" (Pink Floyd).
1989-L. Douglas Wilder was elected governor of Virginia, becoming the first elected black governor in US history. Wilder had previously served as lieutenant governor of Virginia.
1989 - Judge Douglas H. Ginsburg asked President Reagan to withdraw his nomination to the United States Supreme Court, citing the clamor that arose over Ginsburg's admission that he had smoked marijuana on occasion. President Roosevelt won an unprecedented fourth term in office, defeating Thomas E. Dewey. Roosevelt only lived long enough to serve 53 days of this fourth term.
1989- the first Mayor of New York City was African-America was David N. Dinkins, 63, the Manhattan borough president, who was elected this day as a Democrat. He served one term. He was defeated in his 1993 bid for reelection by Republican candidate Rudolph Giuliani, whom he had beaten in 1989.
1991- Earvin “ Magic”Johnson of the Los Angeles Lakers retires from basketball after announcing that he had tested positive for HIV. Despite his retirement, Johnson played in the 1992 NBA All-Star game and in the 1992 Olympics as a member of the first US Dream Team. He coached the Lakers for part of the 1993-94 season and played part of the 1995-96 season before retiring again.
1994 - "The Electrical Engineering Times" ran a cover story about flaws in Intel’s Pentium computer chip. The bug, an obscure flaw that caused extremely rare computation errors when performing certain types of mathematical calculations, eventually caused Intel to replace any Pentium processor affected by the flaw, regardless of whether the user was a mathematician or not. Intel took a $475 million charge against earnings for the quarter to cover the expense of replacing all of those chips.
1998 – San Francisco Mayor Willie Brown "pied" in California.
Wednesday event we went out to dinner at our favorite seafood restaurant and then to the Simon and Garfunkle concert at the San Jose Arena, where the Everly Brothers made a “guest” appearance. We had third row seats, near center. It was marvelous. What a tremendous show!!!! After the concert, we went home and played some of Paul Simon’s CD’s, and never got around to Leasing News. Kit
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