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Headlines---

 

Where Were You, September 11, 2001?

    Washington Firm Will Be Loan Arranger

        CAT Financial files $200 million shelf

            Leasing Industry Help Wanted

                John Baker to Head Cannon Leasing

                    Comdisco Completes to Bay4 Capital

                Venture Capitalist Improving Homeland Security

            LEASING ASSOCIATION CONFERENCE UP-DATES

        EAEL Expo XX Monday September 15..Barry Reitman

    NAELB September 19-20 Conference

UAEL Portland, Oregon Conference..Loni Lowder

    ELA San Diego Meeting...Paul Menzel

        NAELB Atlanta Conference...Charlie Lester

            MAEL November 18th, 2003 Annual Dinner

                News Briefs---

            Sports Briefs---

    California Nuts Briefs---

This Day in American History

 

 

 

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

 

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

 

 

Where Were You, September 11, 2001?

 

 

Kristi Gorrell

Klgorrell@aol.com

 

On September 11th, 2001 I was in the hospital giving birth to my beautiful daughter Riley Renee. I got to watch the whole thing live from the delivery room. The nurse finally had to turn off the TV as no one in the room could keep there eyes off it.

 

---

 

Eric Evans

ericpevans@yahoo.com

 

On the morning of September 11, 2001 I was away from home (Orange County, CA) in Eugene, Oregon for some scheduled vendor presentations to Apple

vendors (I was the Apple financing guy). At around 6:00AM, I was going out on my morning run & the lobby television showed a live picture of the first tower,

which had just been hit by an "small" airplane. Upon my return, the second building had been hit and about 10 minutes later, while on the phone with my wife, the first building collapsed.

 

--

Terry Waggoner

tvwagg@hotmail.com

 

That day I was working, got the news and immediately called my Son who was stationed at Ft. Bragg with the 82nd Airborne. Having served in that

unit myself, I knew he would be involved with whatever was to happen next. He just returned from 7 months of combat on the Afg/Pak border and is

scheduled for Iraq in the Spring.

 

You and I began to write because your Son is likewise involved.

 

--

 

Frank Frontario

frank@forumleasing.com

 

 

I was in Las Vegas attending a vendor trade show. On the morning of 9/11 in

was asleep in my bed at the Bellaggio when the phone rang. The frantic voice

of my son calling from the east coast said put on the TV and that a plane

had just flown into the World Trade Center. Thinking it was just a small

plane I put it on just in time to see the second plane hit the second tower.

The events of that morning spoiled a pleasant stay plus it took 4 more days

until I could get a plane back to Dallas. That was a real budget buster.

 

 

 

--

 

Tom_Pundyk@nlgroup.ca

 

 

Man's inhumanity to man. A sad day in the history of the world.

 

--

 

Brian Johnson, Blackwell Consulting Services (formerly Northern Consulting)

brian.johnson@bcsinc.com

 

 

I flew to LaGuardia on Monday morning Sept 10th to work with a client in

Manhattan. On Tuesday morning Sept 11th I was walking to their office

about 30 blocks from ground zero. The rest of that day was chaotic trying

to deal with what was happening, contact family and friends, and prepare

for more unknown. Wednesday Sept 12 was incredibly eerie with New York

City shut down -- no taxi cabs, no busses, no noise -- in complete silence.

People walked aimlessly down the middle of the streets at a much slower

pace with a hollow look in their eyes. While millions around the country

were dealing with what they say on TV, those in NYC were struggling just

trying to function.

 

Please remember those who lost their lives and pray for those who are

protecting us today. God bless.

 

 

Brian Johnson

Manager, Leasing and Finance

Blackwell Consulting Services

100 South Wacker Drive, Suite 800

Chicago, IL 60606

312.873.5250 Direct

Brian.Johnson@bcsinc.com

www.bcsinc.com

 

--

 

James Johnson

phdleasing@hotmail.com

 

 

Walking into my undergraduate class--about 20 minutes after the first plane hit. Students at that age are very adept at masking their feelings. Not on that day. We

faced each other with nothing to say--words would not come. It was like attending an unannounced memorial service, but we didn't know who we were mourning

or how many. After ten minutes, I began talking loudly enough to overcome my own emotional turmoil and said the best thing for us to do was to proceed on with

the class. Students wiped away their tears, fired up their financial calculators and off we went. I have felt a special bond with that class. We experienced 9/11

together--in the first few moments. I pray it is the last time.

 

James M. Johnson

Graduate School, Northern Illinois University

www.leasingpress.com

 

---

 

Robert A Hatfield

hatfrob@us.ibm.com

:

 

On Sept 11, 2001 I was attending the "Structuring Vendor Leasing & Finance

Conference" in Chicago. When I first saw the news bulletin on television,

at first I thought it was a scene from a SciFi movie. As reality set in, I

was numb with disbelief and thought Armageddon was near.

 

 

Bob Hatfield

Global Market/Competitive Intelligence

IBM Global Financing

Ph: (847) 669- 8200 T/L 8/698-9622 Fax: (847) 669-6396

Notes ID: Robert A Hatfield/Armonk/IBM@IBMUS

Internet: hatfrob@us.ibm.com

 

--

 

Darren Gardner

darreng@alliancecap.com

 

I am sure we will all remember exactly where we were that morning,

FOREVER. It was the first day I took my 3 yr old son to Pre-Kindergarten

class. I did not realize what was going on until after I dropped him

off and got into my car and heard the news on the radio.

 

Darren Gardner, CLP, President

Alliance Capital Corporation

"Specializing in Equipment Financing"

Charlotte * Los Angeles * New York * Phoenix

(480) 443-0002 ext. 211 * (480) 443-8826 Fax

 www.ALLIANCECAP.com

 

---

 

Doug Mehl

legal@csotn.com

 

 

Interesting. I vividly remember that day like it was yesterday. I was on the road between Denver and Grand Junction, Colorado and on the way to close a large transaction with a large contractor on Colorado's western slope. We received an urgent cell phone call from the contractor informing us what had just happened and I don't think anybody believed what was actually happening at the time but I recall my sales associate saying that he believed Bin Laden must have been involved. An interesting observation, right out of the blue. How correct

he was and let us not forget he's (Bin Laden) still out there somewhere working on plans to cause further death, devastation and destruction to the US. Saddam, and what is left of his pathetic group of misfits, is mild in relation compared the potential harm that Bin Laden is capable of engineering and masterminding. Let us not forget.

 

--

Semper Fi

 

 

 

I will never forget where I was but what will always haunt me are my

experiences the rest of day. First there was an eerie silence in normally

very busy public places, then as you pasted people they seemed afraid to

look at you for fear of breaking the spell that was cast over us as the

enormity of the event sank in. It finally end with a deep longing to be with

my loved ones who were all hundreds of miles away, never in my life have I

ever felt so helpless.

 

In essence I am sure that feeling is what ending up driving our current

administration, because if they felt like I felt their actions in

Afghanistan and Iraq are just the beginning of an effort to stand up to the

terrorists and say not in my backyard.

 

---

Rosanne Wilson

rosanne@1stindependentleasing.com

 

When the planes hit it was early morning on the West Coast.

We were just waking and the TV was on. What was showing on the TV was like a bad dream and at first, I thought it was a mistake. I cried with my husband for the next 2 hours.

 

I could not go to the office until almost noon, but when I got there , there were NO messages in voice mail. The world had literally stopped. Nobody cared about leases or fundings, or anything that day. I stayed only a few hours and was scared. DAMN SCARED. I finally had to go home where I felt safe for some reason. I don't even remember driving home. I can't even remember getting in the car.

WE NEED TO REMEMBER 9/11. They want to kill Americans, and they will not stop unless we stop them. On the 2nd anniversary this week, we all need to keep in mind. Never grow complacent. BE SCARED and be alert at all times. The enemy is among us. We owe the victims of 9/11 our vow to wipe this enemy off the face of the Earth. It takes all of us.

 

 

I wanted to thank you for the two links regarding 9/11 that you enclosed with your newsletter. We will never forget.

Thanks again Kit.

Regards,

Rosanne Wilson, President

1st Independent Leasing, Inc.

"Equipment Leasing Specialists"

(800) 926-0851

 

http://www.september11news.com/

http://www.september-11th.us/

 

---

 

 

Cynthia

<cindy@nslf.com

 

perhaps you would like to share the attached e mail I received, it would be

nice to see the country join together again to remember the dead.

 

This week our country will come upon the second

anniversary of the tragedy of 9-11

 

We remember the days that followed and that one evening where we all

lit candles by our front doors, on our front lawns, our porches, our

decks.

 

This year, let us join together to show that we will not forget those

innocent people that lost their lives that morning. The passengers,

the pilots, the people that were working at the World Trade Center

and the Pentagon. Let us join together to show our appreciation for

the brave firefighters, police officers and EMT personnel that ran to

help others. To show our remembrance, our strength, our resolve and

our love of our country, let's join together again.

 

 

On the evening of September 11th, rain or shine, light up the front

of your home, your yard, your street, your walkway, your porch, your

front steps.

 

Take time and remember the events of 9-11, how deeply you were moved,

scared, touched. Pray that our nation continues the fight on

terrorism so that events such as this do not happen again on our soil.

 

Pass this along and hopefully by 9-11 it will have reached many

throughout the USA and perhaps even the world. What a statement to

our nation, our neighbors and especially to those lost on that tragic

day.

 

We have not forgotten.

Light some candles the evening of 9-11-03

(Don't forget to forward this message to your friends and family)

 

 

 

 

Thank you-

Cynthia

<cindy@nslf.com

North Shore Leasing

Phone: 631-754-7769 Fax: 631-754-1547

[Headlines

 

----

 

New Film of Osama Bin Laden Is Shown

http://www.chicagotribune.com/news/nationworld/sns-ap-bin-laden-tape.story

 

[Headlines

How Does America Feel?

http://www.ajc.com/news/content/news/0903/11terchange.html

 

(You will not forget the visit to this “area,” as Sue and I walked around,

saw it from several viewpoints, and did not realize how large an area

was actually affected. It has an aura surrounding it that you will feel

when you visit. editor )

[Headlines

 

 

 

Washington Firm Will Be Loan Arranger

 

Leasingtoday.com

 

Four former CapitalStream Corp. executives have teamed up once again to form MainStreet Finance Corp., an alternative commercial financing company based in Kirkland, WA.

 

MainStreet's strategy is to act as a middleman connecting equipment leasing firms, banks and accounting firms to small and medium-sized businesses in need of financing.

 

Jim Brady, senior managing partner at MainStreet and formerly the head of marketing at CapitalStream, said the new firm is in the process of finding commercial finance companies and lenders to work with.

 

Brady, along with Cliff Monlux, Brad Smallwood and John Kruse, hopes to take the firm national by the end of next year.

 

The four started to trickle out of Seattle-based CapitalStream, which makes software that helps banks automate their lending and equipment leasing processes, in 2001 when a new management team was brought on.

 

So far, MainStreet has agreements with a dozen accounting firms in the Puget Sound region and is in negotiations with five leasing companies, Brady said.

 

Since opening for business last month, MainStreet has completed two transactions. The firm gets paid when its clients receive commercial financing, Brady said.

 

Gary Parker, vice president of sales at Portland, Ore.-based equipment leasing company Harbour Capital Corp., said there is a need for middleman firms such as MainStreet.

 

"We see it every day from our customers," Parker said. "They may come to us with equipment financing needs, but they may also need something else we can't offer, such as additional operating capital."

 

James Erickson, managing partner at Bellevue- based CPA firm James Erickson & Co. PS, said MainStreet must establish a successful track record of getting its clients commercial financing before banks large and small will take it seriously. "The banks often hire their own people to find loan requests," he said.

 

 

(Yesterday Leaisng News reported MainStreet Finance Acquired Vionnet & Associates, a Fresno Vendor Lease Broker, who’s operation would be moved to

Kirkland, Washington: http://www.leasingnews.org/#main )

 

[Headlines

 

 

CAT Financial files $200 million shelf

 

Leasingtoday.com

Caterpillar Financial Services Corp. has filed with U.S. regulators for an offering to sell up to $200 million in debt securities.

The company is a unit of Peoria, Ill.-based Caterpillar, Inc., the world's No. 1 maker of earth- moving machinery.

 

In the Memphis region the company employs about 1,150 workers at facilities in Booneville and Corinth, Miss.; Dyersburg, Tenn.; and a 200,000-square-foot distribution center in Memphis.

 

Caterpillar Financial Services Corp. says it plans to use proceeds from the offering to finance future sales and leasing transactions, for loans to customers and dealers and for other general corporate purposes.

 

Last Friday Caterpillar said it expects its sales and revenue will rise 49% this decade as the industry expands and more roads and houses are built to keep pace with an expanding world population.

 

President and chief executive Glen A. Barton said the heavy equipment maker's annual sales and revenue will grow to $30 billion this decade from $20.15 billion in 2002. He said the bulk of increase will come from sales of machines and engines.

[Headlines

 

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

Leasing Industry Help Wanted

        UAEL, NAELB
Sales: Irvine, CA.
20-Year Lessor with excellent reputation seeking an experienced goal-oriented sales professional. Great working environment, generous commissions, benefits. E-mail: jaimek@pacifica-capital.com

 

Escondido, CA: Lease broker office looking for Lease Coordinator/Office Manger: process credit, submit to banks,documentation/follow-up; answer phones/manage files.Leasing experience important. please send resume to:
stantonleasing@sbcglobal.net
or fax to (760) 738-1910

 

[Headlines

 

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

 

John Baker to Head Cannon Leasing

 

Albert E. Smith, president of Canon Financial Services, Inc. (CFS), has announced the addition of John Baker as director of subsidiary leasing. In this capacity, Baker will oversee sales and operations for all of CFS' subsidiaries.

 

Prior to joining CFS, Baker was vice president of business development at ABB Business Finance in Westboro, Mass. A new Mt. Laurel, NJ resident, Baker brings more than 15 years of experience in sales management to CFS. Baker holds a B.S. in Business Administration from the University of Maine.

 

"John has a tremendous sales background that makes him a valuable member of our team," said Smith. "With his industry knowledge, he'll be able to step in and play a vital role in our company's growth." For more information about CFS, visit its website at http://www.cfs.canon.com/

 

[Headlines

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

 

 

Comdisco Completes Sale of U.S. Information Technology Leasing Business to Bay4 Capital

 

ROSEMONT, Ill.----Comdisco Holding Company, Inc. (OTC:CDCO) announced that it has completed the sale of substantially all of the assets of its U.S. information technology leasing business to Florida-based Bay4 Capital Partners, LLC. Under the terms of the sale, previously announced on August 25, 2003, Comdisco received approximately $19.6 million in cash and Bay4 assumed approximately $24.5 million in secured non-recourse debt to third parties. The company retained a secured non-recourse interest of approximately $26.6 million in certain other leases. In addition, the company received a note in the amount of approximately $44.8 million payable primarily from the realization of the residual value of the assets. Furthermore, the note evidences the company's right to share in the proceeds, if any, realized from the assets beyond the stated amount of the note. The company does not expect to recognize a significant gain or loss as a result of the closing of this transaction.

 

About Comdisco

 

The purpose of reorganized Comdisco is to sell, collect or otherwise reduce to money in an orderly manner the remaining assets of the corporation. Within the next few years, it is anticipated that the company will have reduced all of its assets to cash and made distributions of all available cash to its common stock and contingent distribution rights holders in the manner and priorities set forth in the Plan. At that point, it is expected that the company will cease operations as a going concern and that no further distributions will be made

 

Rosemont, IL-based Comdisco (www.comdisco.com) provided equipment leasing and technology services to help its customers maximize technology functionality and predictability, while freeing them from the complexity of managing their technology. Through its former Ventures division, Comdisco provided equipment leasing and other financing and services to venture capital backed companies.

 

About Bay4

 

Bay4 Capital Partners, LLC, is a wholly owned subsidiary of Florida-based Bay4 Capital, LLC, a leader in independent equipment leasing. Bay4 Capital (www.bay4.com) delivers innovative, vendor-independent equipment leasing products, services and customer care solutions. The company's suite of services maximizes customer asset values by providing a single source solution for the planning, financing, management and remarketing of equipment.

 

 

CONTACT:

Comdisco

Mary Moster, 847-518-5147

mcmoster@comdisco.com

 

[Headlines

 

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

 

 

 

Venture Capitalist and Entrepreneurs Commit To

Improving Homeland Security Amid Government Challenges

 

Small Companies in California and Washington D.C. Seen as Most Likely to Capitalize on Opportunities to Sell Technology to Government and Commercial Sectors

 

Session Playback Available

 

Los Angeles – – Future technological advancements in homeland security will largely depend on the ability of young, privately-held companies to navigate the United States government, asserted a roundtable of venture capitalists and chief executive officers who met in Los Angeles yesterday. The panel, which was assembled for the first time by the National Venture Capital Association, shared the difficult challenges of working with federal, state and local agencies. These hurdles include longer lead times, complex budget channels, long priority lists, and competition with larger companies. Yet, despite the challenges, VCs and CEOs view the homeland security sector as a highly promising opportunity that will improve civilian and infrastructure protection and first response to attacks and disasters.

 

The roundtable discussion brought together venture capitalists from both coasts including Tom Siegel, Shepherd Ventures; Dorothy Pavloff, California Technology Ventures; Frank Kline, Kline Hawkes; David Stastny, Osprey Ventures; and Hal Brown, Paladin Capital. Joining the venture capitalists were the CEOs of some of their homeland security company investments including Chris Maloney, Voyager Systems; Lewis Stanton, E Team; Stephen Forte, Ascendant Telecommunications; Tom Goldman, Netbotz; and Richard Earley, Arxan. Additionally, Tom McMillen, former US Congressman, participated in his capacity as Vice Chairman of Sky Venture Capital and CEO of Global Secure.

 

In speaking about the future of the sector, McMillen advised perseverance stating, “The homeland security market offers a great opportunity, but it won’t happen overnight. It is a highly fragmented market and operating in this environment requires patience.” McMillen acknowledged that the “challenge for entrepreneurs is to follow the pathway to where the money is.”

 

Chris Maloney, CEO of Voyager Systems, agreed with the funding issue, “The key problem we have today is that the government can’t react fast enough to the entrepreneur,” said Maloney, “We are trying to get the funding dollars for wide scale deployment. If the government can let go of money that has been promised, we will see a sustained market.”

 

Funding issues aside, all agreed that the government has taken significant steps to look at new technologies coming from younger companies. Pilot programs have been especially expedient. There was a strong sense that the process will become more efficient over time.

 

“There is a tremendous desire with this administration to buy the best available commercial solution,” remarked Lewis Stanton, CEO of E Team. “Then there is the reality of the Department of Homeland Security getting several hundred unsolicited pitches each day. How do you handle that?”

 

Opportunities are waiting for companies who can operate in both government and commercial spaces. All of the companies represented at the event were in business commercially before 9/11 and have evolved to serve growing homeland security needs.

 

“When we began funding companies in Los Angeles in 1984, our theme was ‘guns to gadgets’,” said Frank Kline of Kline Hawkes & Co, “We were moving companies away from government toward commercial. Now those companies are homeland security companies.”

 

With regard to where the homeland security sector may settle geographically, the group identified Washington, DC and California as ideal venues. While several participants suggested that companies must be physically close to the Federal Government, others argued that California offers top human capital for innovation.

 

“There is an advantage to being in the DC area,” stated Rich Earley, CEO of Arxan. “Just like semiconductors and enterprise software grew in Silicon Valley, you need to be in proximity to your customers.”

 

“There is a great deal of talent in California from the aerospace and defense sectors,” countered Dorothy Pavloff of California Technology Ventures. “Sales and customers can be in different regions but you need to go where the talent is.”

 

Venture capitalists see themselves in a supporting role to the entrepreneurs in whom they invest. David Stastny of Osprey Ventures explained the synergy of VCs adding management expertise to the entrepreneurs who are so often “technologists and not managers.” And while venture capitalists are beginning to understand the promise of homeland security, investment in the sector is still small and is usually only part of a firm’s overall strategy. However, its promise is becoming more apparent as the market evolves.

 

“At one time in the venture capital community there was a stigma with investing in the public safety market because of the long sales cycles,” said Tom Siegel of Shepherd Ventures. “But in the last two years, as a result of the increased funding, that criticism has been set aside.”

 

“Homeland security investment is like Y2K in terms of the number of people impacted and like the space program in terms of the duration of the need,” said Hal Brown of Paladin Capital who manages a fund focused on homeland security companies.

 

Time will tell but the panel participants all took a long-term view, steeped in fundamental business principles.

 

“Patience is key and patience requires capital. The homeland security sector is not a wave, but a rising tide,” said Stanton of E Team said.

 

“Look at homeland defense or any sector,” said Tom Goldman of Netbotz, “If you can’t alleviate pain at an affordable cost, you won’t be successful.”

 

“We are in the midst of recalibration and, as in any adjustment, there is lack of efficiency,” remarked Stephen Forte, CEO of Ascendant Telecommunications. “But over the next few years the process will clarify itself. In the future, we will be perhaps using different ROI numbers not based on costs but on lives saved or time to response.”

 

To listen to the roundtable discussion, a playback is available at 1-800-839-6713. Passcode: 5842372.

 

The National Venture Capital Association (NVCA) represents more than 450 venture capital and private equity firms. The NVCA’s mission is to foster the understanding of the importance of venture capital to the vitality of the U.S. and global economies, to stimulate the flow of equity capital to emerging growth companies by representing the public policy interests of the venture capital and private equity communities at all levels of government, to maintain high professional standards, to facilitate networking opportunities, and to provide research data and professional development for its members. For more information about the NVCA, please visit www.nvca.org.

[Headlines

 

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

 

 

 

 

LEASING ASSOCIATION CONFERENCE UP-DATES

 

 

EAEL Expo XX Monday September 15..

 

*Barry Reitman of Keystone Leasing is covering the conference for Leasing News at the Marriott Glenpointe, Teaneck New Jersey. He has graduated from “Cub” to “Jack of Clubs” reporter.

 

For more information, contact Alison or Cindy at the EAEL office 914 381 5830.

We hope to see you at EXPO this year.

 

Amfnyc@aol.com

 

http://www.eael.org/event_calendar.htm

 

http://www.eael.org/EXPO%20XX%20brochure.pdf

[Headlines

 

 

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

 

 

NAELB September 19-20 Conference

 

Hilton Irvine Hotel in Irvine, California.

 

Correspondent to be announced soon.

 

Open to all Leasing Association Members and guests.

 

Broker $119 Second attendee $99

Funder $159 Second Attendee $139

Exhibit Table $2000

add $20 for on-site registration

(attendees who become members at this meeting will be

given a $50 attendee fee credit.)

 

 

http://64.82.65.38/newsletter/0903/regmeetings.htm

 

http://www.naelb.org/pdf/schedule091903.pdf

 

http://www.naelb.org/pdf/registration091903.pdf

 

Tammy

Tammy Marsh

Association Coordinator

NAELB Headquarters

5024-R Campbell Blvd.

Baltimore, MD 21236

Phone: 800-996-2352, ext. 133

Fax: 877-875-4750

 

[Headlines

 

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

 

UAEL Portland, Oregon Conference

 

United Association of Equipment Leasing Fall Conference & Exposition in Portland, Oregon October 9-12

 

*Loni Lowder of ACC Capital will be covering the conference for Leasing News.

 

Attendees can pre-schedule appointments with exhibitors online . Here is the calendar of appointments at press time:

 

http://www.uael.org/events/fall2003/appt_calendar.htm

 

Member $895

Additional employee $795

Non-Member $1395

Exhibitor $1795

Golf Tournament $155

 

For more information, contact:

 

Jessica Roell

UAEL

78120 Calle Estado, Suite 201

La Quinta, CA 92253

Phone:(760) 564-2227

Fax:(760) 564-2206

www.uael.org

[Headlines

 

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

 

ELA San Diego Meeting

 

The Equipment Leasing Association 42nd Annual Convention, October

12-14, 2003 in San Diego, California.

 

*Paul Menzel, CLP, Santa Barbara Bank & Trust will be covering

this conference for Leasing News. His second assignment as he

did a terrific job on his first one.

 

 

Members Only

$1295

 

 

September 10 was the last day to be included

in the pre-registration list posted on the ELA website. It was also the

the cut-off date to make your accommodations at the convention

hotel, the Manchester Grand Hyatt San Diego to obtain the

special convention rate.

 

http://www.elaonline.com/events/2003/AnnConv/

 

 

Michael Fleming

President, ELA

mfleming@elamail.com

 

[Headlines

 

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

 

NAELB Atlanta Conference November 7-8

 

National Association of Equipment Leasing Brokers

 

Charlie Lester, Leasing News’s Senior Correspondent

( and Senior Advisor to Leasing News Editorial )

 

Sheraton Gateway Hotel - Atlanta Airport

1900 Sullivan Rd.

College Park, GA 30274

 

Topics to Include:

 

California Licensing Law T Value 5

Community Bank Leasing Programs

Impact of the new tax laws on leasing

Increasing Broker Stability & Profitability with Relationships.

 

--

 

November 18th, 2003 MAEL Annual Dinner

 

 

MidAmerica Association of Equipment Lessors

(MAEL) 21st Annual Dinner Meeting

 

 

 

SPECIAL GUEST SPEAKER:

 

Anthony Galie, the motivational hypnotist!

 

 

The MidAmerica Association of Equipment Lessors ("MAEL"), ELA's largest

regional affiliate, will be hosting its 21st Annual Dinner Meeting at

the Westin Hotel @ O'Hare in Rosemont, Illinois. Pricing for the

meeting is as follows:

 

 

Registration Level

 

Special Benefits

 

On-line Registration

https://wx6.registeredsite.com/user313780/events/annual_meeting_1.asp

Registration by mail, fax or telephone

MAEL Members

$135.00

$150.00

Non-Members

$160.00

$175.00

 

Event Sponsor

 

Table for eight

Full Page Advertisement in Program

$1,500.00

$1,500.00

 

 

Register on-line

https://wx6.registeredsite.com/user313780/events/annual_meeting_1.asp

or complete & fax the attached registration form to 312-541-1275. If

you need further information or assistance, please e-mail

events@mael.org <mailto:events@mael.org> or call Amanda @ 312-541-6000,

ext. 234.

[Headlines

 

-----------------------------------------------------------------------------------------------------Please send to a colleague as we are trying to build up our readership.

 

 

 

 

News Briefs--

 

Ex-Enron Treasurer Pleads Guilty, Gets 5 Years

http://www.washingtonpost.com/wp-dyn/articles/A54348-2003Sep10.html

 

3Com Will Cut 1,000 Jobs and Close Its Last Plant

http://www.nytimes.com/2003/09/11/technology/11THRE.html

 

Customs Fails to Detect Depleted Uranium — Again

http://abcnews.go.com/sections/wnt/Primetime/sept11_uranium030910.html

 

Microsoft admits new Windows problem

http://www.boston.com/business/technology/articles/2003/09/10/microsoft_admits_new_windows_problem/

 

Slow recovery seen in economic report

http://www.bayarea.com/mld/mercurynews/6742413.htm

[Headlines

 

Sports Briefs---

 

Packers re-sign Antonio Freeman

http://www.theredzone.org/news/showarticle.asp?ArticleID=315

Patriots LB Ted Johnson out indefinitely with broken foot

http://www.theredzone.org/news/showarticle.asp?ArticleID=318

 

Eagle’s Dawkins' Out for four to Six weeks/season over?

http://www.philly.com/mld/dailynews/sports/6733953.htm

 

Refs have Raiders whistling the blues

http://www.bayarea.com/mld/mercurynews/sports/football/nfl/oakland_raiders/6735421.htm

[Headlines

 

California Nuts Briefs---

 

 

Clinton to start campaign swing for Davis Sunday

http://www.signonsandiego.com/news/politics/recall/20030910-1546-ca-recall-clinton.html

 

As GOP convention nears, faithful say party needs one candidate

http://www.signonsandiego.com/news/politics/recall/20030910-1936-ca-davisrecall.html

 

McClintock: "I'm in this race right to the finish line" http://www.cnn.com/2003/ALLPOLITICS/09/10/judy.desk.recall/

 

Arnold’s Accepts $4 Million Despite Pledge
http://www.bayarea.com/mld/mercurynews/6742412.htm

 

Schwarzenegger holds new summit

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/09/11/RECALL.TMP

 

 

Schwarzenegger Takes Campaign to 'Oprah'

http://abclocal.go.com/kabc/ontv/091003_ent_anold_oprah.html

 

Arnold’s First Night in the United States

http://two.leasingnews.org/temporary/Arnolds_hotel.htm

[Headlines

 

 

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This Day In American History

 

    1743- Sarah Franklin Bache birthday, took over the collecting of money to provide clothing for Gen. Washington's army during the American revolution. In order to make the money go further, she took part of it to buy raw linen cloth. She then had the material cut into shirt patterns at her own home, and she and her friends (and servants) hand-sewed 2,005 shirts themselves - a prodigious accomplishment that would have warranted the highest military awards had it been done by men. From before her marriage and throughout (along with having seven children) she also served as host for her father, Benjamin Franklin. In writing about Sarah FranklinBache in the past, several readers noted that they were taught in school that Franklin was unmarried. Well, technically, yes, he was unmarried under the law - and absolutely, he was NOT single. Deborah Read was unable to find her husband to divorce him after meeting Franklin. Therefore, in the ways of that time, she and Benjamin Franklin lived together as husband and wife and were accepted in society as a married couple. Deborah Read Franklin died in 1774, just before the Revolutionary War. Franklin is buried next to her in the famed Christ Church cemetery as is SFB. In Franklin’s will, he gives “his daughter” Sarah most of his estated. Her portrait by John Hoppuer is on display in the Metropolitan Museum of Art, New York City.

http://www.amphilsoc.org/library/mole/b/bachesf.htm

http://sln.fi.edu/franklin/family/sarah.html

http://sln.fi.edu/franklin/family/lastwill.html

    1773- Benjamin Franklin writes "There never was a good war or bad peace."

    1777- The largest engagement of the American Revolution, between the Continental Army led by General George Washing­ton and British troops led by General William Howe. General Howe was marching to take Philadelphia when Washington chose to try and stop the British advance at the Brandywine River near Chadds Ford, PA. The American forces under General George Washington were defeated and the British went on to take Philadelphia Sept 26. They spent the win­ter in the city while Washington’s troops suffered at their encamp­ment at Valley Forge, PA. Only the weather prevented General Howe from following up his series of victories, while the Americans trained, held on, and not only tried to keep men from deserting, but recruit more experienced riflemen, who owned a rifle.

    1786-Twelve delegates from New York, New Jersey, Delaware, Pennsylvania and Georgia met at Annapolis, MD for four days to discuss commercial matters of mutual interest. The delegates voted on September 14th to adopt a resolution prepared by Alexander Hamilton asking all states to send representatives to a convention at Philadelphia, PA, in May 1787 “ to render the constitution of the Federal Government adequate to the exigencies of the Union.”

    1841-In protest of President John Tyler’s veto of the Banking Bill all of his cabined except Secretary of State Daniel Webster resigned on this day. Tyler had become

president in an electoral commission vote, allegedly by making promises to

Southern senators for their votes, including the end of reconstruction and other

changes, He was beholding to the Southern “Dixiecrats,” who ruled the

Senate, perhaps even to this day with their collation of interest.

    1847 - Stephen Foster performed his "Oh! Susanna" for the very first time. The performance, for a crowd at the Eagle Saloon in Pittsburgh, Pennsylvania, earned Foster a bottle of whiskey.

    1850 - Jenny Lind sang at the Castle Garden Theatre in New York City. It was her first performance in America. Lind’s voice was so sweet that she was nicknamed ‘The Swedish Nightingale’. Theater ticket scalpers began plying their trade in New York City prior to the first appearance of the Swedish singer and celebrity Jenny Lind at Castle Garden. The seats were auctioned by Phineas Taylor “P.T.” Barnum, who charged 25 cents admission to the auction. The first ticket was sold to John Nicholas Genin for $225. One thousand tickets sold for a total of $10,141. Some ticket holders resold their tickets at high premiums. Gross receipts for the performance were $17864. Jenny Lind donated her share of the gross to New York charities.

http://memory.loc.gov/ammem/today/sep11.html

    1850- a park in New York City large enough to provide a healthy atmosphere for all the citizens was proposed. Here began the concept of a central park.

    1857- Mormon fanatic John D. Lee, angered over President Buchanan's order to remove Brigham Young from governorship of the Utah Territory, incited a band of Mormons and Indians to massacre a California-bound wagon train of 135 (mostly Methodists) in Mountain Meadows, Utah. Reportedly the Mormon Church changed

its position on pologmy and agreed to further reforms in the governing of Utah.

http://www.onlineutah.com/historylee.shtml

http://www.geraldgrimmett.com/

    1862-Birthday of William S. Porter, known by his pen name “O.Henry,” a famous

American author, born at Greensboro, NC. Best known for his short stories, including “ Gift of the Magi.” Died at New York, NY, June 5, 1910.

    1875 - "Professor Tigwissel’s Burglar Alarm" appeared in the New York "Daily Graphics" newspaper. 17 successive pictures that filled a full page made up the first comic strip to be published in a newspaper. The “comic strip” is an American creation.

    1892 The Scarritt Bible and Training School in Nashville, TN, was dedicated, primarily as the result of the conception, urging and fund-raising of southern Methodist missions leader and social reformer, Belle Harris Bennett (1852-1922).

http://www.scarrittbennett.org/facts.htm

    1902-Birthday of guitarist Jimmie Governor Davis, Quitman, LA

    1904-Birthday of harmonica player Jazz Gillum, Indianola, MS

    1910- the first trackless trolley system was built by Charles Mann and placed in operation between “Bungalow Land” in Laurel Canyon, CA and the terminal point of the Los Angeles Pacific Electric Railway Company, a distance of 1.5 miles. Two automobile buses were used. On top of the buses were trolley poles making contact with overhead wires.

    1925-Birthday of piano player Tommy Lee Russell, Vienna, GA

    1927 Babe Ruth hits 50th of 60 homers.

    1929 San Francisco Mayor James Rolph inaugurates new pedestrian traffic light system, the first in the country.

http://www.sfmuseum.org/hist1/rolph.html

    1934- Fletcher Henderson band records “Big John’s Special.”

    1941- Stan Kenton Band makes first commercial recordings, LA, Decca.

    1941- Aviator and American hero Charles Lindbergh, charges "the British, the Jewish & the Roosevelt administration" are trying to get the US into WW II.

http://history.acusd.edu/gen/WW2Timeline/lindbergh3.html

    1945---Top Hits

Till the End of Time - Perry Como

On the Atchison, Topeka and Santa Fe - Johnny Mercer

If I Loved You - Perry Como

You Two Timed Me One Time Too Often - Tex Ritter

    1953---Top Hits

Vaya Con Dios - Les Paul & Mary Ford

No Other Love - Perry Como

You, You, You - The Ames Brothers

A Dear John Letter - Jean Shepard & Ferlin Huskey

    1955- The first Southern Baptist church to be established in Nebraska was organized at Lincoln, with 34 charter members. Founded by Southern Baptist U.S. Air Force personnel who had been stationed in Lincoln, the congregation first met for worship on Easter Sunday of this year.

    1956- Art Tatum/Ben Webster Quarter, records for Verve.

    1956-Singer Blossom Dearie cuts first Verve session.

    1959- Congress passed a bill authorizing food stamps for low income Americans.

    1959-"Duke" Ellington wins Spingarn Medal for his musical achievements. The award is presented each year by the NAACP for outstand achievements by a black American.

http://www.infoplease.com/ipa/A0002290.html

    1961---Top Hits

Michael - The Highwaymen

Take Good Care of My Baby - Bobby Vee

My True Story - The Jive Five

Tender Years - George Jones

    1964 - The last of the "Friday Night Fights" was seen on free, home TV. The Gillette Safety Razor Company, Madison Square Garden and ABC-TV televised a fight between Dick Tiger and Don Fullmer from Cleveland, OH. Tiger beat Fullmer to wrap up the 20-year TV series. Boxing soon went to closed-circuit TV in theatres and to cable and pay-per-view TV.

    1965 Beatles' "Help!," album goes #1 & stays #1 for 9 weeks.

    1966- Johnny Miller became the 1st Yank to hit a HR on his 1st at bat

    1967- “Carol Burnett Show premiered. This popular comedy/vari­ety show starred comedienne Carol Burnett, who started the show by taking questions from the audience and ended with an ear tug. Sketches and spoofs included recurring characters like “The Family” (later to be spun off as “Mama’s Family”) and “As the Stomach Turns.” Regular cast members included Harvey Kor­man, Lyle Waggoner and Vicki Lawrence. Later, Tim Conway joined the cast. Dick Van Dyke briefly joined after Korman left in 1977.

    1967 –Singer/Pianist/Actor Harry Connick, Jr., Birthday

http://www.harryconnickjr.com/connick/index.cfm

http://www.hconnickjr.com/

    1969---Top Hits

Honky Tonk Women - The Rolling Stones

Sugar, Sugar - The Archies

Green River - Creedence Clearwater Revival

A Boy Named Sue - Johnny Cash

    1970 - “Would you believe?” The last of the "Get Smart" series on CBS-TV was aired. This spoof spy-thriller appeared on both NBC (1965-69) and CBS(1969-70). Don Adams starred as bumbling CONTROL Agent 86, Maxwell Smart. His mission was to thwart the evildoings of KAOS organization. Agent Smart was usually successful with the help of his friends Barbara Feldon as Agent 99(whom Smart eventually married), Deward Platt as The Chief, Robert Karvelas as Agent Larrabee, Dick Gautier as Hymie the Robot and David Ketchum as Agent 13. Max’s shoe phone was worn on his right foot.

    1971-“The Rookies” premiered on TV. This hour-long crime show focused on three young police recruits: Michael Ortkean as Willie Gates, George Stanford Brown as Terry Webster and Sam Melville as Mike Danko. Also featured were Gerald S. O’Loughlin as Lieutenant Ed Ryker, Kate Jackson as nurse Jill Danko, Mike’s wife and Bruce Fairbairn as Chris Owens. The show as produced by Aaron Spelling and Leonard Goldberg.

    1971-The Ford Pinto made its debut; at a cost of less than $2,000, designed to compete with an influx of compact imports. But it was not the Pinto’s low cost that grabbed headlines. Ford’s new best-selling compact contained a fatal design flaw: because of the placement of the gas tank, the tank was likely to rupture and explode when the car was involved in a rear end collision of over 20 mph. In addition, it was eventually revealed that Ford knew about the design flaw before the Pinto was released. An internal cost- benefit analysis prepared by Ford calculated that it would take $11 per car to correct the flaw at a total cost of $137 million for the company. When compared to the lowly estimate of $49.5 million in potential lawsuits from the mistake, the report deemed it “inefficient” to go ahead with the correction. The infamous report assigned a value of $200,000 for each death predicted to result from the flaw. Ford’s irresponsibility caused a public uproar, and it 1978, a California jury awarded a record-breaking $128 million to a claimant in the Ford Pinto case.

http://www.fordpinto.com/blowup.htm

http://www.mllassociates.com/REMEMBERPINTO.HTM

http://www.geocities.com/MotorCity/Speedway/2641/index.html

http://www.me.utexas.edu/~me179/topics/lessons/case3.html

    1974- “Little House of the Prairie”. This hour-long family drama was based on books by Laura Ingalls Wilder. It focused on the Ingalls family and their neighbors living at Walnut Grove, MN: Michael Landon as Charles (Pa), Karen Grassle as Caroline (Ma), Melissa Sue Anderson as daughter Mary, Melissa Gilbert as daughter Laura, from whose point of view the stories were told, Lindsay and Sidney Greenbush as daughter Carrie and Wendi and Brenda Turnbaugh as daughter Grace. Others featured were:

Victor French, Bonnie Bartlett, Richard Bull, Katherine Mac­Gregor, Jonathan Gilbert, Alison Arngrim, Charlotte Stewart, Dabbs Greer, Merlin Olsen, Patrick Laborteaux. The series spent one season at Winoka, Dakota. In its last season (1982), the show’s name was changed to “Little House: A New Beginning.” Landon appeared less often and the show centered around Laura and her husband

    1974 - The St. Louis Cardinals took seven hours, four minutes and 25 innings to beat the New York Mets 4-3 at Shea Stadium in Flushing, NY. The game set a National League record for innings played in a night game. It was the second-longest game in professional baseball history. Fans went home at 3:10 a.m.

    1976-In the third race at Latonia, jockeys John Oldham and Suzanne Picou became the first husband and wife to ride against each other in a US pari-mutuel race. Oldham finished second riding Harvey’s Hope. Picou finished 11th aboard My Girl Carla.

    1977---Top Hits

Best of My Love - Emotions

(Your Love Has Lifted Me) Higher and Higher - Rita Coolidge

Handy Man - James Taylor

Don’t It Make My Brown Eyes Blue - Crystal Gayle

    1984 - Bruce Springsteen broke the attendance record at the Spectrum in Philadelphia. The Boss entertained 16,800 fans for the first of six sold-out shows. Springsteen broke his own record; one he set during a visit to Philly in 1981.

    1985---Top Hits

St. Elmo’s Fire (Man in Motion) - John Parr

We Don’t Need Another Hero (Thunderdome) - Tina Turner

Money for Nothing - Dire Straits

I Don’t Know Why You Don’t Want Me - Rosanne Cash

    1993-Top Hits

Dreamlover- Mariah Carey

Can t Help Falling In Love (From "Sliver")- UB40

Whoomp! (There It Is)- Tag Team

If- Janet Jackson

    1994 - Andre Agassi won the men’s title at the U.S. Open tennis tournament, defeating Michael Stich 6-1, 7-6 (7-5), 7-5.

1998—Top Hits

I Don't Want To Miss A Thing- Aerosmith

The First Night- Monica

Crush- Jennifer Paige

My Way- Usher

    1999 - Serena Williams won the U.S. Open women’s title at age 17 in only her second year as a pro. Williams beat top-seeded Martina Hingis, 6-3, 7-6 (7-4).

    2001- At 8:48 a.m. EDT a passenger jet crashed into the North Tower of the World Trade Center in New York City. Flames and smoke At 9:06 a.m. nother plane hit the WTC’s South Tower. At 9:43 a.m. the Pentagon in Washington DC was hit by another jet airliner. A few minutes later, a fourth jet airliner crashed in a field in Shanksville, PA, some 80 miles southeast of Pittsburgh. For the first time, terrorists had struck on U.S. soil. Air traffic to and from U.S. airports was halted. 19 Muslim militants, all men, all in their 20s and 30s, members of Osama Bin Laden’s al-Qaeda, had hijacked at least four planes all in the name of their religion: Islam. Almost 3,000 people died at the World Trade Center, including 385+ firefighters and police who valiantly attempted to save the thousands in the towers. One jet destroyed a section of the Pentagon, killing 189 people. On the plane in Pennsylvania, the brave souls aboard tried to regain control from their hijackers. Their plane crashed in a field. There were no survivors. The 19 Islamic religious fanatics of Middle Eastern descent wanted to destroy what Americans stand for. They died in vain. But, the people they murdered did not. Americans are now prouder, more committed to stand together; united from Maine to Hawaii, from Alaska to Florida, determined not to let any country, religion, or people steal our freedoms. Americans will fight all evil-doers for our inalienable right to live in our democracy. The battle cry of the United States against terrorists: “Let’s roll!” (Todd Beamer’s last words as heard by an Airfone operator minutes before Flight 93 crashed.)

2001- In the wake of terrorist attacks on New York City's World Trade Center and the Pentagon, Major League Baseball cancels all games for security reasons and for the deep mourning for all the lives that have been lost. Yankee Stadium is evacuated as a precautionary measure.

2002 -Yankee legends Whitey Ford and Phil Rizzzuto unveil a monument dedicated to the victims of the September 11th terrorist attacks. The team also has a ceremonial tree planting in Monument Park in honor the of heroes and victims of horrific events of a year ago.

 

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