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Stable funding source seeks experienced leasing representative; book of business required; remote office capability; send resume to and reference leasingnews in subject line.






Classified Ads----Sales Manager

    ALERT---Tech Com---Ernie Reinhardt

        Marlin Business Services Announces Pricing of IPO

            U.S. Bancorp Equipment Finance Names Greg Mamula EVP

                GE Healthcare Financial Services to Acquire HPSC

                    Licensing Statutes---by Kit Menkin

                "ELA and MAEL Respond to Proposed Lease Tax in Chicago"

            Streamline Sales Project Agenda/Handouts

        How to Subscribe to Leasing News

    News Briefs---

Sports Briefs----

    California Nuts Briefs----

        "Gimme that Wine"

This Day in American History




This Border ##### Denotes Press Release (Not Written By Leasing News)



Classified Ads----Sales Manager


Sales Manager: Atlanta, GA

30 years in transportation Finance with strong management/ sales background. Represented company on national & region markets. Started two successful operations- produce profits and growth.


Sales Manager: Dallas/Fort Worth, TX.

Domestic-int'l exp. Small to middle ticket. 24 yrs with Fortune 500 firms(2). Consistently achieves margin/ volume goals. Email:


Sales Manager: New York, NY

I have over 25 years owning an independent leasing company that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors, etc..


Sales Manager: Orange County, CA. Experienced sales manager. Proven ability to develop high volume vendor, direct or third party business. Seek sales management, program management or senior sales origination role. Email:


Sales Manager: Portland, OR. 18+ yrs w/bank leasing company. Supervised 14- 20 sales people. Willing to relocate for the proper position.


Sales Manager: Seattle, WA

Senior level sales professional w/ (20) plus experience in mid market financing & leasing. The last (8) plus years being self employed in middle market brokerage.



  full list at:







ALERT---Tech Com---Ernie Reinhardt



“This is a follow up to a alleged Fraud case, involving a vendor and numerous

lessee's, that started to unravel in early 2001 (see history below). 


“It appears that what was thought to be one fraud deal has turned into

much more.  It all started with one transaction and with one unusual

trade reference.  Thousands of labor hours later the BAD GUYS are going

to get their day in court.


“The vendor was TECH COM, INC. (aka Universal Equipment - circa

1999)(the reported ringleader is Ernie Reinhardt) located in Southern California with

multiple lessee's (conspirators) in California and Maryland.  I was

contacted yesterday by Inspector Reardon from the United States Postal

Inspection Service who indicated that the United States Attorney and the

FBI have handed down a 13 charge Federal indictment against 19

individuals.  The trial is set for Jan. 5th, 2004 in Maryland.


“Inspector Reardon is asking for anyone that has any information

regarding this vendor and/or it's lessee's (conspirators) to please

contact him at 410-347-4482 or via e-mail  -   


-name withheld-







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


Marlin Business Services Announces Pricing of IPO



Marlin Business Services Corp. ( announced that it has priced its

initial public offering of 4,400,000 shares of its common stock at $14.00 per share. Of the shares being offered, 3,113,267 shares are being offered by the Company and 1,286,733 shares are being offered by selling shareholders. The underwriters have a 30-day option to purchase up to an additional 467,988 shares of common stock from the Company and 192,012 shares from certain of the selling shareholders to cover over-allotments.


The net offering proceeds to the Company, after the payment of expenses related to the offering, will be approximately $38.8 million, and will be used to repay subordinated debt of $10.0 million plus accrued interest, to pay approximately $6.0 million of accrued dividends owed on preferred stock and for general corporate and working capital purposes. The Company will not receive any of the proceeds from the sale of common stock by the selling shareholders.


U.S. Bancorp Piper Jaffray is the lead manager for the offering and William Blair & Company is the co-manager. A final prospectus relating to the offering may be obtained from U.S. Bancorp Piper Jaffray at (800) 333-6000 or William Blair & Company at (800) 621-0687.


The transaction is scheduled to close on November 17, 2003, subject to the terms and conditions of the purchase agreement. Morgan, Lewis & Bockius LLP acted as counsel to Marlin Business Services Corp. Sidley Austin Brown & Wood LLP acted as counsel to the underwriters.




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


U.S. Bancorp Equipment Finance Names Greg Mamula EVP



U.S. Bancorp Equipment Finance, Inc. has named Greg Mamula executive vice president

and general manager of the Capital Equipment Group in Portland. In his new role, Mamula will oversee $2 billion in assets and more than 76 employees.


"Greg is an outstanding leader and asset to U.S. Bancorp Equipment Finance," said Bill Purcell, president of U.S. Bancorp Equipment Finance. "His vision, commitment and ability to attract customers will assist in driving our company forward and helping us reach the next level."


Mamula has more than 23 years of experience in the financial services industry. Previously, he was employed as regional vice president of U.S. Bancorp's Machine Tool Finance Group as well as vice president and regional manager for BancBoston Leasing. Prior to that, Mamula served as regional vice president and account executive for U.S. Bancorp's Capital Equipment Group.


Mamula received his Bachelor of Science degree from Mankato State University and his masters in business administration from the University of Kansas. He resides in Portland with his family.


U.S. Bank is part of U.S. Bancorp (NYSE: USB). With assets in excess of $189 billion, U.S. Bancorp is the 8th largest financial services holding company in the United States. The company operates 2,201 banking offices and 4,506 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. Visit U.S. Bancorp on the web at



Sites of Reference:



Karen Greenwood

U.S. Bancorp

Phone Number: 612-303-0731

Fax Number: 612-303-0735





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


GE Healthcare Financial Services to Acquire HPSC, Inc.; Transaction Strengthens Medical and Dental Practice Offerings



CHICAGO & BOSTON----GE Healthcare Financial Services has signed a definitive agreement to acquire HPSC, Inc. (AMEX:HDR), a premier provider of financing to medical and dental practices with over $1 billion in managed assets. GE will acquire all of the issued and outstanding common stock of HPSC for $14.50 per share or a total consideration of approximately $72.4 million. The all-stock deal, which is subject to customary closing conditions as well as regulatory and HPSC shareholder approvals, is expected to close in late 2003 or early 2004.


   "The transaction will give us a platform to extend our position in the rapidly growing physician/dental practice industry," said Rick Wolfert, president and CEO of GE Healthcare Financial Services. "HPSC has a best-in-class franchise and relationships with nearly 75,000 medical and dental professionals nationwide, as well as the leading suppliers to this industry."


   Wolfert continued, "The combined organization will be able to introduce a broad mix of financial solutions to physician and dental practices, including: real estate financing, practice acquisition financing, equipment financing, patient financing programs, professional liability insurance, employee benefit programs and more. We're confident that both HPSC and GE customers will benefit from this strategic move."


   HPSC, founded in 1975, was recently named one of the fastest growing publicly-traded companies in Massachusetts, ranking 50th on the Boston Globe's Globe 100. HPSC is headquartered in Boston, with approximately 130 employees in 22 offices across 13 states.


   "We are extremely excited about joining with GE, and providing our customers with access to an even broader array of financial solutions," said John Everets, chairman of HPSC. "This is a tremendous opportunity because GE Healthcare Financial Services is the premier provider of financing solutions for healthcare organizations. We are confident that GE's proven commitment to growing its existing business will strengthen our existing relationships within the industry."


   GE Healthcare Financial Services was advised on this transaction by Sandler O'Neill Partners, L.P. Keefe, Bruyette and Woods, Inc. advised HPSC. 


   About GE Healthcare Financial Services 


   GE Healthcare Financial Services, a unit of GE Commercial Finance, is the premier provider of capital, financial solutions and related services for the global healthcare industry. With $10 billion in assets and nearly 700 employees, GE Healthcare Financial Services offers a full range of financing capabilities from equipment leasing and real estate financing to working capital lending and vendor finance programs. With a dedicated focus and a deep knowledge of the healthcare industry, GE Healthcare Financial Services works with customers to create tailored financing solutions that help them improve their productivity and profitability. GE Healthcare Financial Services' Web site is


   GE Commercial Finance, with approximately $200 billion in assets, offers businesses of all sizes an array of financial services and products. Based in Stamford, Conn., it is a part of GE, a diversified services, technology and manufacturing company with operations worldwide. 


   About HPSC 


   HPSC Inc. (AMEX:HDR) is a leading non-bank financial services company providing leasing and financing opportunities to medical and dental professionals across the United States. For more information, please visit the company's Web site at 


   Where to Find Additional Information about the Acquisition: 


   General Electric Company (GE) and HPSC intend to prepare and file with the Securities and Exchange Commission (SEC) a registration statement that will include a joint proxy statement/prospectus of GE and HPSC, and other relevant documents in connection with the proposed merger. Investors and security holders are urged to read the proxy statement/prospectus and other relevant materials, when they become available because they will contain important information about GE, HPSC and the proposed merger. In addition to the registration statement to be filed by GE in connection with the proposed merger, and the joint proxy statement/prospectus to be mailed to the stockholders of HPSC in connection with the proposed merger, each of GE and HPSC file annual, quarterly and special reports, proxy statements and other information with the SEC. The proxy statement/prospectus and other relevant materials (when they become available), and any other documents filed by GE or HPSC with the SEC, may be obtained free of charge at the SEC's website at A free copy of the joint proxy statement/prospectus and other relevant materials (when they become available), and any other documents filed by GE or HPSC with the SEC, may also be obtained from GE and HPSC. In addition, investors and security holders may access copies of the documents filed with the SEC by GE on GE's website at Investors and security holders may obtain copies of the documents filed with the SEC by HPSC on HPSC's website at


   GE, HPSC and their respective officers and directors may be deemed to be participants in the solicitation of proxies from their respective stockholders with respect to the transactions contemplated by the proposed merger. A description of the interests of the directors and executive officers of GE is set forth in GE's proxy statement for its 2003 annual meeting, which was filed with the SEC on March 11, 2003. A description of the interests of the directors and executive officers of HPSC is set forth in HPSC's proxy statement for its 2003 annual meeting, which was filed with the SEC on April 15, 2003. Investors and security holders may obtain additional information regarding the interests of such potential participants by reading the definitive proxy statement/prospectus and the other relevant documents filed with the SEC when they become available. 


CONTACT:GE Healthcare Financial Services Leslie Krohn, 312-441-7710 or HPSC, Inc. John W. Everets, 617/720-3600


SOURCE: GE Healthcare Financial Services


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



 Licensing Statutes




   by Kit Menkin


It was quite surprising to receive so many inquiries, especially about California.

We had quite a series about the law here, and the fact the class action suit against

Commercial Money Market and the insurance sureties centers around the fact that

CMC did not have a license.


  Looking over the news this morning on the statutes.  In California it states we need a license from the commissioner.  Does that apply to leasing brokers such as myself or more to do with straight financing or the lenders    themselves?  I tried to contact the state regarding the financial code and they weren't even sure where to direct me.  Up til now, my understanding was that all I needed was a business license.”


( You need one. Anyone involved in the transaction is required to have one.  Many

local funders won’t do business with you unless you have one.  Whether you are dealing

with a super broker or not, any major funder will make it a requirement.)


“We are vehicle lessor writing finance and operating leases.  We know that in the states of CT, OH and MA we are required to maintain a lease license.  In CA, I have been getting mixed messages as to whether we need obtain a license.  We have only 1 office in

NY and do business by telephone and mail/overnight services.  I would guess

that there  are differences between lease/financing of titled vehicles and

non titled equipment, but I have been unable to get definitive information,

that is copies of the actual statutes for my direct review, regarding the

need of lease licenses in other states.  If you have any suggestions as how

I can pursue my quest for compiling a definitive list of states requiring

licenses or other filings for direct vehicle lessors, not brokers, I would

be appreciative.We know that in the states of CT, OH and MA we are

required to maintain a lease license.  In CA, I have been getting mixed

messages as to whether we need obtain a license.”



(Sorry, we are an equipment leasing electronic newspaper, but try

this vehicle lease association for information: )


     The lenders I spoke with today, my lenders said I don't need one because I am a broker and I don't collect advance rental money.  I'm never considered a lessor.  One lender suggested that if I collected advance rental money, even only as a broker who doesn't discount with anybody and whose name is never on the documentation that I still think about getting it.  You mentioned that your lenders require it of you.  That's why I was curious because my lenders have never required it of me.  That's also why this was a bit surprising to me.  I would have figured someone would have asked for proof of this by now if I needed it.”


(Wow, if a defendants attorney in a default learns the originator did not have a license,

he not only can claim usury, but that the transaction is invalid. Wait until that happens

to your lender!!! )


“I just spoke with a guy regarding the California Financial Code.  He works for the dep't of corporations who handles division nine.  He specifically said there was no literature within their book that discussed leasing.  He said there is no true definition for a loan as well so some people are taking the preventative measure of filing for this license, but the truth is there is nothing that mandates doing so.  $25,000 bond, a $300 filing fee along with an annual minimum fee of $250.  Not to mention an annual audit.  I also spoke with a couple of lenders today who view this as a grey area and don't require their brokers to file.  Don't know if that helps, but that's the information I received straight from the horse's mouth.”


You spoke to the wrong person.  If you reach the right section, they will want

you to put your question in writing.  They also have a procedure for giving an

“official” opinion, and you can go on line to discuss it.


(But unless you are doing a true “tax lease” that meets FASB rules and specifically

has no bargain purchase option, where the lessor is claiming the depreciation

and many other requirements.  You need a license.


(Here is straight from one of the top equipment leasing legal minds in

the country, in an announcement of a meeting for brokers who belong

to the National Association of Equipment Brokers---which you should

join at


(Attorney Joseph Bonanno discussed the California law here:


 ( Here is the list of licenses required in each state we have collected to date.  If you want to find out the hard way, go ahead, but the government agencies are hard up for

money, and while they may be short staffed, they are going to hunt

for more money---and if you are not in compliance with the law,

they are going to go after you, as they not only want to enforce the

laws, but need the operating money.



 (Here are previous articles on this subject:






Sales: Established, reputable, lessor seeking a successful, ethical, small ticket sales professional to establish telecom dealer relationship in our East Territory.



"ELA and MAEL Respond to Proposed Lease Tax in Chicago"


   ELT News


Equipment leasing is a $208 billion national industry and is one of the primary means of capital investment for businesses of all sizes, but particularly for small businesses that need to preserve operating cash. Leasing accounts for one third of all capital equipment acquisition in the U.S, and is no less crucial to the local economy. Chicagoland boasts one of the largest concentrations of leasing companies in the U.S., and leasing should be an important component of economic recovery in Chicagoland. Unfortunately, much of the equipment that would otherwise be leased in Chicago is already acquired through other means due to the existence of the Chicago Transaction Tax, reducing the financial flexibility of capital intensive businesses. Chicago is the only city in the United States that imposes a double tax on what are really long term financings in the form of a lease. Our industry and customers don’t argue with the concept of a rental tax when it is applied to short term convenience rentals which don’t distort the economics of a transaction or total cost of the equipment (including the total cost of the financing).


Mr. Stroger’s proposed 4% leasing tax will indeed combine with the city’s 6% Transaction Tax to raise the total tax on leasing in Chicago to 10%. Add to that the Retailers Occupation Tax and the proposed State of Illinois recent proposal to remove the ROT exemption for manufacturing and printing equipment, and you have a combined tax on equipment users of nearly 19% of equipment cost! Fortunately, neither bank loans nor equity funding used to acquire equipment are subject to these regressive use taxes. But, it should be easy to see how they distort an otherwise simple financing decision making process for equipment users. Equipment users should be

able to evaluate their financing options on a level playing field, not one which is tilted away from one form of long term financing!


If enacted, this new leasing tax will substantially reduce or eliminate the benefits normally-derived from equipment leasing and remove a vital

financing tool for Cook County’s small businesses. This will also help stifle expansion. What’s to stop those companies from moving to Indiana or, for that matter, Lake County? Chicago-based leasing companies-and the jobs they provide-may go elsewhere too.


Clyde Cady, President, MidAmerica Association of Equipment Lessors Michael Fleming, President, Equipment Leasing Association






Streamline Sales Project Agenda/Handouts


Attachments with this email contain the Streamlined Sales Tax Project

(SSTP) agenda and handouts for the meeting next Monday and Tuesday at

the Embassy Suites Hotel Phoenix-Scottsdale.  You may register and/or

gain additional information about SSTP online at


The Streamlined Sales Tax Project (SSTP) reports sleeping rooms are sold out at the location of our upcoming SSTP/SSTIS meetings, the Embassy Suites Phoenix-Scottsdale, located at 4415 East Paradise Village Parkway

South in Phoenix, AZ, Telephone: 602-765-5800. Some people are staying 5 miles away at the Homewood Suites Phoenix-Scottsdale, 9880 North Scottsdale Road in Scottsdale, telephone 480-360-8705, which will run a

shuttle between the two hotels.  The morning shuttles will leave at 7:30 and 7:45 am on Monday and Wednesday and at 7:15 and 7:30 am on Tuesday (when the SSTP meetings start at 8:00 am).  Return shuttles will run at 5:00

and 5:15 pm. You might be able to arrange the courtesy shuttle at other times by asking at the bell stand or concierge desk.




Dennis Brown



SALES: Los Angeles, CA. Successful leasing company in business 10+years seeking experienced sales professional in vendor programs.Generous commissions,benefits and growth potential.




How to Subscribe


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News Briefs---


Firefighter hailed from near and far

1,500 cohorts attend Steve Rucker's San Rafael memorial


Third-quarter earnings 'a total blowout'


Senate Approves $401.3B Defense Bill, Now Goes to President for Signature


Facing the shareholders

Cisco's CEO says its slice of telecom market is growing


Delta forecasts bigger loss/ Wave of pilot retirements blamed


Still No Deal Between Clerks, Grocers





Sports Briefs---


Gannon out for season            


Chrebet out for season



Garcia Out for Sunday, Feeling discarded, He Claims


At 41, Flutie Is Giving a Stiff-Arm to Age  (my cousin on my mother’s side)


Bid for L.A.  Dodgers delayed



California Nuts Briefs---


Schwarzenegger prepares for a low-key swearing-in


End of the Davis era Tempered temperament led state






"Gimme that Wine"


Reduced crush marks '03 wine harvest,1413,234~26642~1761276,00.html


World Winery List by Country


UC Davis Gets Major Grant for Brewing Lab   


Dark Beer May be Better for Your Heart, Study Finds




SALES: Los Angeles, CA. Successful leasing company in business 10+years seeking experienced sales professional in vendor programs.Generous commissions,benefits and growth potential.




This Day in American History


    1765- birthday of Robert Fulton, inventor of the steamboat at Little Britain, PA.

        1775-American troops led b y General Richard Montgomery  capture  the City of Montreal, Canada.

        1789- Benjamin Franklin wrote to a friend, "In this world nothing can be said to be certain, except death and taxes."  Franklin later repeated it in his newspaper and it has become one of the most popular sayings in the American language.

        1789- President George Washington ended his tour of the New England states that he began on October 15, raveling in a hired coach, accompanied by Major William Jackson, his aide-de-camp, and Tobias Lear, his private secretary, along with six servants, nine horses, and a  luggage wagon.  He went as far north as Kittery<ME ( then part of Massachusetts). As Rhode Island and Vermont had not yet joined the new government, he did not visit those states. Washington’s first tour of the southern states as made from April 7 to June 12, 1791., during which time he made a 1,887 mile trip from his estate in Mount Vernon, VA, through Philadelphia, south through Virginia, and the Carolinas into Georgia, and back to Mount Vernon.

        1839-The Liberty Party, an antislavery party, held its first national convention at Warsaw, NY. It nominated James G. Birney of New York for president.  Birney, a former Kentuckian, and slaveholder, wielded strong political influence in western New York and the Ohio River Valley.  Francis J. Lemoyne was nominated for vice-resident.

        1860- Helen Archibald Clarke with lifetime partner Charlotte Endymion Porter founded, edited, and published Poet Lore which introduced Americans to a number of European modern poets. Both were prolific writers and editors of writings by Shakespeare, Browning, Longfellow, and others. Ms. Clarke was also a talented musician and composer.

         1861-President Lincoln pays a late night visit to General George McClellan, who Lincoln had recently named general in chief of the Union army. The general retired to his chambers before speaking with the president.  This was the most famous example of McClellan's cavalier disregard for the president's authority. Lincoln had tapped McClellan to head the Army of the Potomac-the main Union army in the East-in July 1861 after the disastrous Union defeat at the First Battle of Bull Run. McClellan immediately began to build an effective army, and he was elevated to general in chief after Winfield Scott resigned on October 31. McClellan drew praise for his military initiatives but quickly developed a reputation for his arrogance and contempt toward the political leaders in Washington. After being named to the top post, McClellan began openly to cavort with Democratic leaders in Congress and show his disregard for the Republican administration. To his wife, he wrote that Lincoln was "nothing more than a well-meaning baboon," and Secretary of State William Seward was an "incompetent little puppy." Lincoln made frequent evening visits to McClellan's house to discuss strategy. On November 13, Lincoln, Seward, and Presidential Secretary John Hay stopped by to see the general. McClellan was out, so the trio waited patiently for his return. After an hour, McClellan came in and was told by a porter that the guests were waiting. McClellan headed for his room without a word, and only after Lincoln waited another half-hour was the group informed of McClellan's retirement to bed. Hay felt that the president should have been greatly offended, but Lincoln casually replied that it was "better at this time not to be making points of etiquette and personal dignity." Lincoln made no more visits to the general's home. 725  He was not a very good general and the Seven Days Campaign, also known as McClellan’s Peninsula Campaign, that started on July 1, 1862,  was a disaster. July 11, Maj. General Henry W. Halleck was named commander in chief of the Union armies by President Lincoln.  Without McClellan criticizing him, Lincoln on July 22 wanted to issue an Emancipation Proclamation and told his Cabinet it would also be an effort to cripple Confederate manpower, something McClellan had influenced the administration not to do.  Lincoln’s cabinet persuaded him to wait for a more favorable military situation to avoid the appearance of “desperation.”  November 5, Gen. Ambrose E. Burnside was name by President Lincoln to replace Gen. McClellan as commander of the Army of the Potomac. McCellan, in 1864, he ran as the Democratic candidate for president.  In the North there was considerable  dissatisfaction with the progress being made in defeating he Confederacy, so Pres. Abraham Lincoln did not think his chances of reelection were good.  The Democrats were split between those who supported the war and those who wanted peace at almost any price. General Lee, aware of this, was planning an invasion of Washington, DC, but one of his division was accidentally encountered in movement on this plan in Gettysburg ( but that is another story).  The Democratic nominee was Gen. George B. McClellan, commander of the Union Army, who had let several opportunities for victory slip away.  The Democratic platform called for peace through reunification of the states, but did not say how this was to be done. Fortunately for Lincoln and the Republicans and those opposed to slavery, several important military victories were won in time to influence the outcome. Lincoln received 212 electoral votes, McClellan, 21.  The popular vote was Lincoln 2,216,067; McClellan, 1.807,725.  The results and history of the campaigning is very revealing as to the attitudes of the time, not reflected

in many school books that paint the war as simple to understand.

        1875- bowling rule standardization was undertaken when 27 delegates met at Germania Hall, New York City, and organized the National Bowling Association. The association soon went out of existence, however, as did the American Amateur Bowling Union, which was organized in 1890.  The first important bowling convention to standardize rules was held by the American Bowling Congress, when it organized On September 9, 1895, in New York City,

        1875-The first football uniforms were worn in a game at New Haven, CT, by teams from Yale and Harvard colleges.  the Yale team wore dark trousers, blue shirts, and yellow caps, which the Harvard team wore crimson shirts an stockings and knee breeches.  Harvard won the game 4-0. The game at that time was closer to ruby than to present-day football. Each time had 15 players.

        1894- the great Kansas City bandleader Bennie Moten born.

        1913-African-American Dr. Daniel Hale Williams, pioneering surgeon, becomes a member of the American College of Surgeons.

        1921-Birthday of bass player Eddie Calhoun, Clarksdale, MS

        1921 - That great romancer of the silver screen, Rudolph Valentino, starred in "The Sheik", which was released on this day. "The Sheik" firmly established Valentino’s popular reputation as the Great Lover, and his last film, the comical "Son of the Sheik" (1926) sealed that title. But the actor never thought of himself as a conqueror of women - nor as a great actor. He found the Sheik films rather silly. Valentino had plans to make more serious films beginning with an ambitious version of "El Cid", to be called "The Hooded Falcon". In town for the premiere of "Son of the Sheik", he collapsed in New York on August 15, 1926. Valentino died eight days later from peritonitis -- before he could begin to work on films that would make the public forget his sheikly shenanigans. So the grandiose romantic persona persists, and we remember Rudolph Valentino as the Great Lover.

        1927-The Holland Tunnel, running under the Hudson River between New York, NY, and Jersey City, NJ, was opened to traffic.  The tunnel was built and operated by the New York-New Jersey Bridge and Tunnel Commission. Comprised of two tubes, each large enough for two lanes of traffic, the Holland was the first underwater tunnel built in the US.

        1928-Pianist/Composer Hampton Hawes birthday

        1931- Arkansas's Hattie Ophelia Wyatt Caraway appointed to the U.S. Senate to fill the seat of her late husband. In 1932 she became the first woman to be elected to the Senate in her own right, re-elected in     1938, introduced an Equal Rights Amendment.

         1937- the first symphony orchestra devoted exclusively to radio broadcasting was the National Broadcasting Company (NBC) Symphony Orchestra under conductor Arturo Toscanini.  Television

has had no such orchestra.

        1940- Benny Goodman records Eddie Sauter’s Benny Rides Again.

        1943 - Leonard Bernstein replaced an indisposed Bruno Walter as conductor of the New York Philharmonic Orchestra.

        1944—Top Hits
Dance with the Dolly - The Russ Morgan Orchestra (vocal: Al Jennings)
I’ll Walk Alone - Dinah Shore
The Trolley Song - The Pied Pipers
Smoke on the Water - Red Foley
        1951-Janet Collins, ballerina, becomes the first Black dancer to appear with the

Metropolitan Opera Company.

        1952--Top Hits
You Belong to Me - Jo Stafford
Wish You Were Here - Eddie Fisher
Because You’re Mine - Mario Lanza
Jambalaya (On the Bayou) - Hank Williams

        1955 - NBC showed the first live TV program from a foreign country (noncontiguous). Scenes from Havana, Cuba were seen by viewers of Dave Garroway’s "Wide Wide World" program.

compositions with the orchestra.

        1956-Southern states either ignored or rebelled against the Supreme Court ruling against segregation in the public schools.  In Montgomery, Alabama, blacks boycotted buses, and on this day, the Supreme Court ruled that segregation on buses and streetcars was unconstitutional.

        1960—Top Hits
Save the Last Dance for Me - The Drifters
Poetry in Motion - Johnny Tillotson
Georgia on My Mind - Ray Charles
Wings of a Dove - Ferlin Husky

       1963-Birthday of Vincent Frank “Vinny” Testaverde, football player, born New York, NY.

       1964-Forward Bob Pettit of the St. Louis Hawks became the first player in NBA history to reach the 20,000 –point mark when he scored 29 points in a 123-106 loss to the Cincinnati Royals.

        1967-Carl Burton Stokes became the first black in the US elected mayor when he won the Cleveland, OH, mayoral election. Died April 3, 1996.

        1968 – The Beatles  movie, "Yellow Submarine", premiered in the U.S. Their single, "Hey Jude", topped the pop music charts (it was in its 7th of 9 weeks at #1).

        1968—Top Hits
Hey Jude - The Beatles
Those Were the Days - Mary Hopkin
Love Child - Diana Ross & The Supremes
I Walk Alone - Marty Robbins

        1969 -- Crosby, Stills, Nash & Young, Cold Blood, Joy of Cooking, & Lamb perform at Winterland in San Francisco

        1971- the first satellite launched from the earth to orbit another planet was Mariner 9, an unmanned American spacecraft that was sent to Mars to photograph the surface and to study the planet’s thin atmosphere, clouds, and hazes, surface chemistry, and seasonable changes.  The satellite entered Martian orbit at 7:33pm EST.  It mapped 70 percent of the planet’s surface.

       1975 -  "Feelings" by Morris Albert, went gold. 1976—Top Hits
Tonight’s the Night (Gonna Be Alright) - Rod Stewart
The Wreck of the Edmond Fitzgerald - Gordon Lightfoot
Love So Right - Bee Gees
Somebody Somewhere (Don’t Know What He’s Missin’ Tonight) - Loretta Lynn

        1977 - After 43 years as a regular feature in hundreds of newspapers, Al Capp brought his comic strip, "Li’l Abner", to a final conclusion. This was one of the most popular cartoons of its day, including a Broadway musical, and Capp was a favorite guest of late TV shows.

        1984—Top Hits
Caribbean Queen (No More Love on the Run) - Billy Ocean
Purple Rain - Prince & The Revolution
Wake Me Up Before You Go-Go - Wham!
I’ve Been Around Enough to Know - John Schneider

      1986 - The state of California put Fricot City on the auction block for $8.8 million. The ‘city’ was actually the former ranch/private estate of Desiré Fricot. It had become a California Youth Authority camp in 1945. Located about 60 miles southeast of Sacramento, Fricot City featured some twenty homes, two gymnasiums, two swimming pools, a full twelve-grade school, a fire station, an infirmary and a chapel.  ( scroll to bottom to see map )

 ( go to “container” for pictures”)

        1989- After 16 years with the same team, Jim Rice is released by the Red Sox. The Boston outfielder retires from the game with a career .298 average with 382 home runs

        1998- New England Patriots quarterback Drew Bledsoe set an NFL record for most passes completed in a game with 45 vs. Minnesota.

        1999- Lennox Lewis won a unanimous decision over tattooed Evander Holyfield for 12 rounds in Las Vegas to capture the title.

    2000 -Becoming the first pitcher to win the American League Cy Young award unanimously in consecutive years, Red Sox hurler Pedro Martinez (18-6,1.74) has copped the 'top pitcher' honor three of the last four seasons.

        2002- The Giants select former Expo veteran skipper Felipe Alou to replace Dusty Baker as their new manager. The 67-year-old Dominican Republic native compiled a 691-717 record during his ten years at the helm with Montreal and was selected as the National League Manager of the Year in the 1994 strike-shortened season.






Stable funding source seeks experienced leasing representative; book of business required; remote office capability; send resume to and reference leasingnews in subject line.


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The Deal is in the Details


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

Pre-register by sending your check to:
Bob Teichman, CLP
Teichman Financial Training
3030 Bridgeway, Suite 213
Sausalito, CA 94965
Tel: 415-331-6445

Registration at the door on a space-available basis only.

"Providing education and training to the equipment leasing and financing industry."

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