You May Have Missed
SparkPeople--Live Healthier and Longer
California Nuts Briefs---
"Gimme that Wine"
This Day in American History
Weather, USA or specific area
######## surrounding the article denotes it is a “press release”
and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.
April 27, 2000 Archives
Paul Menzel of Santa Barbara Bank and Trust, agrees with Mike Bennie's of Marlin Leasing assessment:
“Brokers should consider high quality, stable companies that have a strong track record when it comes to supporting the broker community. In choosing a funding source, choose one that is growing, even when other sources are pulling out of the broker marketplace. Ask your funding sources about their commitment to broker business, and get them to prove it."
Paul is kind enough to give us an "early edition" of his latest newsletter, coming out soon, he adds, germane to the topic:
SURVIVAL OF THE FITTEST
Over the last eight years, the Leasing Industry has enjoyed the strongest supply of capital it has ever seen. This is a result of the growth and acceptance of equipment backed securities, combined with the most robust economy in our history. We are experiencing a very fundamental lesson of supply & demand economics. The consumer, sharing the benefits with financial intermediaries, has reaped the rewards of a significant incremental increase in the supply of leasing capital.
The consequences, and consumer benefits, of such an imbalance has caused funding sources to climb over each other to compete for assets. The increased competition has come in the form of relaxed credit standards and skinnier spreads. The unprecedented growth we have all enjoyed, however, does not come without risk.
The recent spate of funding sources consolidating or exiting the leasing business is a disturbing manifestation of aggressive credit policies, driven by keen competition and fueled by a torrential flow of capital. The disturbing aspect of this phenomenon is that the deterioration of portfolio quality is occurring when business expansion and employment are at all-time highs.
The next challenge to our industry will likely come from those capital markets that have been developed over the last decade. Unfortunately, the capital markets for equipment backed securities are extremely efficient, causing the supply to be very fickle and reactionary. Any fear of credit quality deterioration or economic contraction will quickly result in higher costs and scarcer funds to the Leasing Industry.
I am sincerely hopeful that this scenario does not play out, but we mustn't bury our heads in the sand. It is important for our Industry to recognize, appreciate, and support the responsible deployment of capital. Our success is dependent upon the fitness of our Industry's funding sources. Reasonable credit risk at reasonable rates is a responsibility we all share * or there won't be enough to share.
Paul J. Menzel, CLP
(Today Mr. Menzel is president of Financial Pacific, Washington)
Free Posting for those seeking employment in Leasing:
All “free” categories “job wanted” ads:http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
Northern Leasing Systems Responds re: $10MM New York AG Suit
“The taxes and fees in question were clearly called for in the lease agreement with our customers.
"The company looks forward to demonstrating this to the satisfaction of everyone concerned.
"We have always prided ourselves on the fairness of our business practices.”
New Lawsuit—from $180 Million to $10 million +
Lease Accounting Project Update
The latest has the FASB/IASB Leasing Accounting project with good news that came from the Boards in March is that they are reconsidering the lessee accounting method that front-loads lease expense. The Boards considered three different lessee accounting approaches, including forms of straight-line expense recognition, but could not agree on any of them. The Boards now have added a fourth method based on an approach initially recommended by the Equipment Leasing and Finance Association. This approach presents the lease expense on a straight-line basis and links the measurement of the right-of-use asset to the obligation to make lease payments. If ultimately adopted, this approach will remove a potential lessee disincentive to utilize leasing.
The bad news, depending on your perspective, is that these redeliberations have put the Leases Project even further behind, with a final standard now being expected somewhere around the middle of 2013.
Sheldon Player Please Call 408-354-7967
Twin Mountain River Ranch, Wyoming
In this last installment, the founder of Equipment Acquisition Resources, Palatine, Illinois, Sheldon Player, had a judgment against him from the bankruptcy trustee in the amount of $18,323,404 plus costs of $275.00 against for his failure to appear and to file responsive pleading to Plaintiff's Complaint, and for any additional relief this Court deems necessary. (1)
It basically means the court couldn’t locate him to serve him, and he never appeared. We know the IRS and company bankruptcy attorney are arguing about the tax refund from company money used in gambling by Player. Player has not filed bankruptcy. He is personal non gratis at many casino's, where he possible owes money.
We are told by one of the creditors they were informed by the FBI he was met in Denver with a duffle bag containing $900,000 in cash.
Now since the court could not find him to serve him, is he out of the country with a lot of cash? Or perhaps is he no longer alive, with one of the casino owners who he owed money putting him where Jimmy Hoffa is located---- somewhere in concrete?
Court records show he made the casino circuit all over the country, not just Lake Tahoe, Reno, and Las Vegas, Nevada. The notion he is not alive is not out of line.
In the motion main document they have him at an address in Jackson, Wyoming (2) for his bottle water company he was starting. (3) It is also the address of Twin Mountain River Ranch mentioned in his bottle water company press release, and also found on the web (4)
The ownership of the property shows Jennie Nichols (5), who is related to Sheldon Player as Jennie Player (and may be his daughter as he did put real estate under his children's name, a tax strategy in Wyoming or perhaps for other purposes (6). There also is a Jennie Nichols listed as a creditor owed money by Equipment Acquisition Resources, and Sheldon Player is also listed as a creditor as well as his estranged wife, Donna Malone. (7)
There is a Jennifer Player Nichols on Facebook with a connection to Lands' End, Local First Chicago. https://www.facebook.com/jennifer.p.nichols
Tax records show her as the owner, and the property consists of a 2 story 2598 square foot residence with 4 baths and finished basement of 1,735 square feet built in 1997, a 1 story 420 square foot house with one bath built in 1998, and a 2 1/2 story 1218 square foot house built in 1997 with 1 bath and an attached garage. (8)
The telephone number is 307-733-7102 that dialed to another number with a voice mail.
Leasing News was called back, and the caller said he was traveling. He did not know a Sheldon Player. It has been five years since I spoke with Player on the telephone, and this telephone connection was poor quality, and sounded like he was in a vehicle with road noise; the person did not have the salesman cadence that I remember in talking with Sheldon Player. He said he did know a Jennie Nichols, but she didn't sell the property to Sheldon Player, he told me. He said because he was traveling, he couldn't talk longer, but would call back. He has not by press time.
There is a warranty deed that shows Jay Warner bought the property February 26, 2012, and it most likely was Warner I was speaking with. (9)
Should Sheldon Player read Leasing News, please call 408-354-7967 to tell us you are still alive. Mr. Player knows Kit Menkin and I did a telephone interview with him, as Leasing News was the first to alert he was back in operation. (10)
(1) Plaintiff is granted default judgment
(2) Most Current address
(3) Bottle Water Company he was starting
(5) Jennie Nichols owner of property http://www2.tetonwyo.org/mapserver/detail.php?accountno=R0000541
(7) EAR list of claimants
(8) Description of property
(9) Warranty Deed
(10) First telephone interview
(Leasing News provides this ad as a trade for investigations
Leasing Industry Help Wanted
For information on placing a help wanted ad, please click here:
Please see our Job Wanted section for possible new employees.
Debra Devassy Babu has become a shareholder of Askounis & Darcy, PC, Chicago, Illinois. "A graduate of the University of Illinois College of Law, Ms. Devassy Babu concentrates her practice in complex commercial litigation, collections, bankruptcy litigation, appeals and mortgage fraud litigation. She represents clients nationwide and has extensive experience in prosecuting and defending fraud claims in state and federal courts, including bankruptcy courts. Ms. Devassy Babu additionally defended an equipment finance company from the Federal Trade Commission's challenge to floating forum selection clauses contained in equipment lease contracts, winning dismissal of that part of the Federal Trade Commission's Complaint. She is a member of the Equipment Leasing and Finance Association and has authored articles on various topics in equipment leasing.
"Askounis & Darcy PC represents banks, equipment lessors, finance companies, lease brokers and equipment vendors on a national basis in commercial and fraud litigation, bankruptcy/workouts, governmental investigations, collections, transactions and appeals. Askounis & Darcy’s experience includes representing creditors in the Equipment Acquisition Resources, Allied Health, and Wildwood Industries fraud litigation; the Chrysler, General Motors and Chicago Tribune bankruptcy cases; and the NorVergence litigation. For more information, visit www.askounisdarcy.com."
Kasey Barrett was named marketing manager at Channel Partners, LLC. Previously she was founder, creative director, All Ways Creative (January, 2011-March, 2012), communications specialist, nonprofit solutions (August, 2010-February, 2012). Intern (design), Borderline Amazing Productions (May, 2010-Feburary, 2011), senior graphic designer, University of Wisconsin-River Falls (February, 2009-December, 2009). Minneapolis Community and Technical College Web Design, Web Design (2009 – 2010) University of Wisconsin-River Falls International Studies (2005 – 2008) Activities and Societies: Building Tomorrow
Bill Griffith was named commercial equipment leasing manager at TAB Bank, Ogden, Utah; based out of Chicago, Illinois. "Bill Griffith has been in the equipment leasing and finance industry for more than 20 years. His career began in the late 1980s with Associates Finance. From there he spent four years with Transamerica Leasing. Bill joined Padco Lease Corp. as a Senior Credit and Collection Analyst in 1997 and was soon promoted to Credit and Operations Manager where he remained prior to joining TAB Bank. Bill served for five years as Area Director for the UAEL (now known as NEFA -- National Equipment Finance Association). He was recognized as the UAEL Volunteer of the Month in May 2007 and served on the UAEL Board of Directors in 2007-08. Bill has also served on various credit committee conference panels for NAELB (National Association of Equipment Leasing Brokers). In his new role with TAB Bank, Bill will be responsible for underwriting small-ticket equipment leasing portfolio acquisitions." DePaul University BA, Marketing (1994 – 1997) Deans List, 3.407 GPA Activities and Societies: DePaul Mentor Program
Jena K. Lund was named Business Development Manager for Channel Partners. Previously she was the owner of Jena K. Lund Agency, a Farmers Insurance and Financial Service, where she won the top national sales award in 2010. Previously she was manager, Wolf PR & Marketing, Best Buy (2007-2009), vp of SBA lending, Bremer Bank (2005-2007) University of Minnesota-Twin Cities
Don Phillips named vice-president, sales, Key Equipment Finance, Superior, Colorado. He will be working out of the San Francisco Bay Area. Previously he was CFO/CAO Menlo Park Presbyterian Church (November, 2010-April, 2012), financial consultant, Proteus Environmental Technologies (October, 2088-February, 2009,vp technology vendor program, GE Capital (September, 2006-April, 2008), national sales director, GE Capital (June, 2000-September, 2006), leasing manager, Unisys (1985-1991), manager of sales support, Memorex Finance Corporation (1982-1985), The University of Chicago - Booth School of Business MBA, Finance (1980 – 1982), Occidental College AB, Poly Sci (1976 – 1980).
Mike Richardson was named Director of Third Party Originations for TAB Bank, Ogden, Utah. He joined "...joined TAB Bank in 2006 and has worked within the bank in various capacities including business development, project development, product development, account management, fraud management, and risk analysis. Previous positions include Director of Merchant Services and Director of Lender Solutions where he developed new product lines and structured rediscount and asset-based loans to other factoring and lending institutions.
Prior to joining TAB Bank, Mike served as an Assistant Vice President for Securities Based Lending at UBS Bank. In his new role as Director of Third Party Originations, Mike will be responsible for all originator relationships and will be the single point of contact for lease opportunities originated by TAB's lease originator network." Branch Manager Deseret First Credit Union (February, 2002-February, 2004), loan officer intern, Merrill Lynch Bank (January, 2000-January, 2001), Missionary, LDS (1995-1997)
Susan R. Savon has been elected vice-president of Independent Equipment Company, Clearwater, Florida. "She has been employed by IEC since 2001 in progressively more responsible positions, and was previously employed by Euclid-Hitachi Heavy Equipment, KeyCorp, and The Cleveland Clinic Foundation....is a tested and certified 'Accredited Valuation Analyst' (AVA) by the National Association of Certified Valuation Analysts (NACVA). She holds an MS from Brigham Young University and an MBA from Case Western Reserve University with concentrations in Finance and Information/Decision Systems." Case Western Reserve University - Weatherhead School of Management MBA, Finance & Information/Decision Systems (1995 – 1998).
Esteban Tripodi was named Executive Vice President, Americas for Lease Corporation International, and will be based out of their New York office. Previously he was a Senior Vice President with Aircastle Advisor. He "...started his career in aircraft finance at Pegasus Aviation as Structured Finance Director, and subsequently became Vice President (Asset Backed Securities) at Guggenheim Capital Markets where he originated and structured the company’s first aircraft ABS repack security. He holds an MBA from the Wharton School and an industrial engineering degree from the Instituto Tecnologico de Buenos Aires."
Leasing News "The List" ---March
BullDog Truck & Equipment Sales, Cumming, Georgia (03/12) Tennessee Commerce Bank fails, lines with BullDog closed, assts and debt involved in FDIC settlement.
Proviso Financial Services, Coquitlam, British Columbia (03/12) Bulletin Board Complaint about $2,200 not paid to broker. Also owns Litehaus.
Westover Financial, Santa Ana, Calif. (03/12) Lanak & Hanna $859,409.50 court case against Westover Capital Corp., Joe Woodley, CLP, and others, in the dissolving of Westover Financial Inc., and creation of Westover Capital, Inc. allegedly from its assets, it appears the plaintiff hands are tied. Joe Woodley has stated that he is not an employee, officer, or involved in the direction of the company. Joe Woodley says he is retired, never appears in court to testify about the alleged assets taken by Westover Capital. Jaime Haver says she is the one who founded the company and is running it.
Heritage Pacific Leasing , Fresno , CA (HL Leasing) (03/12) The judgment is against Heritage Leasing, MAC dba Heritage Leasing, Kathleen Otto and Air Fred for $114.5 million, plus $46.5 million against both Dan Ramirez and Andy Fernandez; $720,000 on top of that against Dan Ramirez. Attorneys will attempt to collect starting May 6th as collection date.
Marquette Equipment Finance/Pacific Western Equipment Finance, Midvale, Utah (03/12) Changes name to Pacific Western Equipment Finance.
AGLF/ELFA Public Sector Finance Forum
The Public Sector Finance Forum is a joint venture of the Association for Governmental Leasing and Finance and the Equipment Leasing Finance Association.
May 9 - May 11
ELFA Member Conference Registration
Group Discount Promotion
There are other deductions if attendee club is a sponsor, as well as 10% off First Time Attendee
The 2012 Forum is being held at the Doubletree Hotel Magnificent Mile in Chicago on May 9 through May 11, 2012. The AGLF/ELFA discounted room rate is $155.00 single or double.
Bank Mergers since January 1, 2010
Perhaps going unnoticed is that bank deal activity has been increasing since 2012, according to SNL Financial: 58 bank and thrift mergers announced through April 23 totaling an aggregate deal value of $3.15 billion. Note the acquiring is evidently making up for the loss in not making as many loans as in the past.
SNL Financial reports, "Last year saw 176 announced transactions with a total deal value of $17.02 billion, compared to 215 in 2010 valued at $12.32 billion. Pricing declined in 2011. The median price to tangible book value was 106.74% in 2011 for 99 deals with disclosed terms, compared to 115.98% in 2010 for 119 deals with terms disclosed.
"The most expensive bank deal since Jan. 1, 2010, was announced March 5, when Houston-based Cadence Bancorp LLC said it would acquire Houston-based Encore Bancshares Inc. for $251.3 million. The deal was valued at 171.1% of book and 240.1% of tangible book.
"Following Cadence on the list was another Houston deal: Dallas-based Comerica Inc.'s agreement to acquire Houston-based Sterling Bancshares Inc. for about $1.03 billion.
"The largest bank deal since Jan. 1, 2010, was McLean, Va.-based Capital One Financial Corp.'s June 16, 2011, agreement to buy Wilmington, Del.-based ING Bank FSB for $9.00 billion, representing 102.21% of the target's tangible book. This also marks the largest bank deal since 2008, when Wells Fargo & Co. acquired Wachovia Corp. for $15.1 billion."
The most recent bank and thrift deals, announced in the period from April 1 through April 23, were:
* Texas City, Texas-based Texas Independent Bancshares Inc. unit Texas First Bank has agreed to acquire Pasadena, Texas-based Texas Coastal Bank ($29.3 million), according to an April 19 report by The (Galveston County, Texas) Daily News. The deal is subject to regulatory approval and expected to close by August, the news outlet reported. Terms of the transaction were not disclosed.
* Dripping Springs, Texas-based Pioneer Bank SSB will acquire La Grange, Texas-based La Grange Bancshares Inc. according to the Austin (Texas) Business Journal, which initially reported the deal April 13. Terms of the deal were not disclosed.
* Victoria, Texas-based First Victoria National Bank, a unit of FVNB Corp. agreed to acquire New Braunfels, Texas-based First State Bank ($272.7 million), a unit of Capitol Bankshares Inc., The Victoria Advocate reported April 12. The merger is expected to be completed in the second quarter, subject to approval by shareholders and regulatory agencies, the news source said. Terms of the deal were not disclosed.
* Portland, Ore.-based Umpqua Holdings Corp. said April 10 that it will acquire San Luis Obispo, Calif.-based American Perspective Bank ($259.2 million) for $44.7 million in cash. The deal value represents 101.2% of book and tangible book, on a per-share basis.
* Washington-based Jefferson Bancorp Inc. agreed April 8, to merge with Columbia, Md.-based Carrollton Bancorp ($365.4 million). The transaction, which is structured as a tax-free reorganization, is valued at about $25 million in stock and cash, representing $15.4 million in consideration to Carrollton shareholders and repayment of $9.1 million in TARP funding to the U.S. Treasury Department.
* Bellevue, Wash.-based GWY LLC said April 5, that it will acquire Lake Oswego, Ore.-based Northwest Bank ($104.4 million). The terms of cash and stock deal were not disclosed.
* Seattle-based Washington Federal Inc. announced April 4 that it will acquire Klamath Falls, Ore.-based South Valley Bancorp Inc. ($859.5 million) in a deal valued at $72.7 million. The deal value includes contingent cash earn-out payments of up to a maximum of approximately $39 million based on collections of a specific pool of South Valley's assets. The deal values at 105.6% of book and 109.5% of tangible book, on an aggregate basis.
Failed Banks Purchase Gains Balance Sheet Assets
As reported in Monday's Bank Beat, the failure of banks has resulted in many bargain purchase gains with the FDIC often sharing in any losses or assuming good portions, utilizing their insurance, as a negotiating tactic to find a financial institution to take over a bank that is being closed.
Under FAS 141(R), which took effect in 2009, "bargain purchase gains" must be reported for deals with discounted purchase prices. The accounting rule requires banks to report a one-time gain in the current quarter, which flows to retained earnings, increasing capital levels. Prior to the change in accounting, companies reported the discount as negative goodwill.
Note the number one bank chosen in growth by SNL is on this list (1)Bank of the Ozarks Inc., Little Rock, Arkansas, which has gobbled seven failed banks, resulting in a combined gain on bargain purchase of $100.7 million. This represents 21.61% of its most recent Tier 1 capital of $466.0 million. Next was Lake Forest, Ill.-based Wintrust Financial Corp., which has acquired six institutions, gaining $71.3 million. This marks 4.82% of its most recent Tier 1 capital of $1.5 billion.
Not all is fully disclosed on this chart as it shows the Tier 1 Capital and Total quarterly revenue is low and the asset loss is not recorded, as well of the 239 bank failures between Jan. 1, 2010, and Dec. 31, 2011, excluding liquidations, 103 had made public disclosure of a bargain purchase gain.
For 13 buyers included in SNL's analysis, the bargain purchase gains represented more than 10% of the companies' Tier 1 capital. In comparison, among the 97 failures since 2010 for which the information was publicly disclosed, the bargain purchase gains represented a median of just 2.11% of the buyer's Tier 1 capital.
Again, the SNL's analysis only includes companies that publicly disclosed gains on bargain purchases; however, the numbers are still meaningful, showing that these failed banks have value to those who have purchased them
(1) Bank of Ozark Top Dog
United Capital Refinances Debt Multi-Unit Popeyes® Operators
HUNT VALLEY, MD – - United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $700,000 in financing to Popeyes® owner, Jivan Foods, LLC. United Capital also refinanced three existing locations for the Texas based franchisee. In addition, United Capital provided a California based 17-unit Popeyes® owner $2,400,000 to refinance debt and reimage several locations.
The Popeyes® Louisiana Kitchen chain recently designated United Capital as one of its lending partners for the franchisor’s 2012 reimaging initiative. United Capital has allocated $42 million to qualified multi-unit Popeyes® franchisees to refinance debt, acquire existing restaurants, develop new locations and reimage stores.
“United Capital is pleased to partner with the Popeyes® organization,” says Andrew Jones, vice president and business development officer for United Capital.
“Our lending programs provide Popeyes® franchisees with creative financing solutions to fuel their growth.”
United Capital Business Lending is a subsidiary of BankUnited (NYSE: BKU), the largest bank headquartered in Florida with over $12 billion in assets.
In addition to Popeyes®, the United Capital team has financed franchisees for Buffalo Wild Wings® Subway®, Denny’s®, Dunkin’ Donuts® and Five Guys® Burgers and Fries among others.
For information about financing for franchise acquisition, new unit development, reimaging or debt refinancing, call United Capital at 866-218-4793 or visit the company’s website at www.unitedcapitalbusinesslending.com.
#### Press Release #############################
(This ad is a “trade” for the writing of this column. Opinions
#### Press Release #############################
Cypress Financial Joins Summit Commercial Finance
(Scottsdale, AZ) – Summit Commercial Finance has announced the merger of Cypress Financial Corporation and the appointment of Terry Rozzini as Senior Vice President, Northwest Sales for Summit Commercial Finance. Terry will be responsible for managing the sales operation in the Northwest Region. Jack Stewart has also been appointed Vice President, Direct Originations for Summit Commercial Finance.
Terry Rozzini, founder & CEO of Cypress Financial Corp since 1980, has over 32 years of experience in the equipment finance industry. In 1990, Stewart joined Cypress Financial Corporation as Vice President.
Scott Forrest, CEO of Summit Commercial Finance commented, “the Summit Commercial Finance team is fortunate to acquire the tremendous talent that Cypress Financial Corporation has proven during their 32 years in business. Their steadfast performance to successfully navigate through multiple economic cycles speaks volumes. We are excited to work with Terry, Jack and the employees of Cypress Financial Corporation as we drive growth in our origination channels. “
“Our pursuit to deliver value and flexibility to our customers continues to be paramount. This merger allows two excellent organizations to collaborate their talents, in turn enhancing our product, ability and service. We look forward to growing the Summit Commercial Finance platform.” said Terry Rozzini.
Summit Commercial Finance was established in 1998 and provides equipment financing products for small and medium sized businesses for various industries. Summit Commercial Finance also has an office in Madison, WI that it opened in August of 2011.
For more information, please visit
Growth & Expansion at Summit Funding Group
Summit Funding Group announced that effective June 1, 2012, the company will be expanding into a new headquarters facility at 4680 Parkway Drive, Suite 300, Mason, OH 45040. The new space will accommodate the increase in personnel resulting from extensive growth over the last several years, and it will serve as a platform for anticipated growth in the next three to five years.
Rick Ross, President of Summit Funding Group, was quoted as saying, “This expansion is an important next step for the growth of Summit. We have added key personnel over the last few years across most of the functional areas of our business. Our consistent approach to the market has allowed us to perform in this and all economic cycles, and this new facility will better accommodate the company we have become and the growth ahead.”
Based in Mason, Ohio, Summit Funding Group works every day to deliver peak results by providing equipment leas and finance solutions to companies across the country. Made up of our Corporate Leasing and Vendor Finance divisions, the Summit Funding Group family has originated over $1.5 billion in equipment lease and finance transactions over nearly 20 years.
Learn more about Summit at www.summit-funding.com.
Latin American Miami Legal Leasing Forum May 17-18
Forum will explore how multinationals subject to the Dodd-Frank Act can comply with local laws, how courts are enforcing lessor and lessee rights in Latin America, and how companies can protect themselves in the event of extreme government interventions such as recent cases in Argentina, Venezuela, and Ecuador.
MIAMI, —The Fifth Latin American Legal Forum on Leasing will be held May 17-18 in Miami at the Hotel Intercontinental Doral. Organized annually by The Alta Group Latin American Region (Alta LAR), the conference attracts asset finance executives and lawyers with equipment leasing interests in Mexico, Central America, South America, and the Caribbean.
“This year, the agenda has been defined based upon the fact that Latin America is the most appropriate field for equipment financing companies to generate sustainable profitability, provided that they control their risks,” said Rafael Castillo-Triana, CEO of Alta LAR, part of The Alta Group’s global consultancy to the equipment leasing and finance industry. ’The forum intends to help legal counsel and operations managers gain the tools for risk control.”
Sessions will cover the following:
“The forum also provides excellent personal networking opportunities,” he added. “Though most of our participants are from the Americas, we often have attendees from Europe and Asia-Pacific.”
The forum will be presented in English and Spanish, with simultaneous translation.
For more information about the forum, including remaining sponsorship opportunities, visit www.thealtaconferencias.com, or contact Katrin Forster at +1 954 632 0922, email@example.com.
### Press Release #############################
Client Looking For A Leasing Attorney
"Very sweet young female mix was found as a stray. SHe went on a trial adoption, and much to everyone's dismay, the kids were allergic to her. We did find out more about her though - she's housebroken, although crated at night to keep her from getting too interested in the kids' toys. She was really good with the kids (age 2 & 5) and played with with other dogs. She knows many commands, loves to play fetch, and is very quiet."
Jackson/Teton County Animal Shelter,
Adopt a Pet
An eccentric comedy ("Bernie") and an illuminating documentary ("Marley") make for a fine pair of real-life journeys in theaters, while brawny action ("Haywire," "Contraband") and sassy humor ("Pillow Talk") await DVD viewers.
Bernie (Millennium Entertainment): One of today's most versatile filmmakers, Richard Linklater continues to surprise audiences after over two decades in the business. This time, the director delivers a dark comedy based on bizarre yet true events, set in the tiny town of Carthage, Texas. Jack Black stars as Bernie Tiede, a straight-arrow funeral home director who, despite his occupation, remains one of the city's most beloved citizens. That is, until he befriends wealthy widow Marjorie Nugent (Shirley MacLaine), whose demanding ways eventually lead Bernie to take shocking action. Structured as a mock-documentary, the film somehow manages to turn tragic, sometimes grim subject matter into a creative and even endearing ode to human eccentricity, helped immensely by the pitch-perfect performances of Black, MacLaine and Matthew McConaughey.
Marley (Magnolia Pictures): Sure, we've all listened to his music, but do we really know Bob Marley? That's the question put forth in this insightful documentary, which examines the complex and often turbulent life and times of the legendary Jamaican reggae artist. Chronicling Marley's rise to fame and untimely death, the film sheds light on his humble beginnings in a poor village, his ascension into stardom in the music business as reggae music became an international sensation, and his battle with cancer which would claim claim his life. Director Kevin Macdonald ("The Last King of Scotland") brings together a deft mixture of interviews with Marley's family, friends and co-workers, and stirring concert footage. Brimming with emotion and, of course, vibrant music, this in-depth portrait of the man's legacy will is sure to enhance audiences' appreciation of his tuneful art.
Haywire (Lions Gate): Having already tackled independent dramas, sly heist comedies, modern film noir and multi-character panoramas, unpredictable Oscar-winner Steven Soderbergh ("Traffic," "Ocean's Eleven") follows last year’s creepy “Contagion” by trying his hand at muscular action, with rousing results. Making her bodacious screen debut, former “American Gladiator” star Gina Carano plays Mallory Kane, a highly trained government agent who's given the deadliest assignments. When her own agency betrays her, however, she must dodge the assassins on her trail while attempting to find the truth about their operations. Boasting an exceptional cast that includes Michael Fassbender, Ewan McGregor, Michael Douglas and Antonio Banderas, Soderbergh's inventive, breathlessly-paced thriller marks another intriguing attempt by this genre-hopping filmmaker.
Contraband (Universal): Mark Wahlberg returns to the action genre in this exciting, satisfyingly brawny thriller. Wahlberg stars as Chris Faraday, a family man whose dark past threatens to catch up with him. Years back, he was part of a criminal group that specialized in smuggling undocumented workers into the country. Since then he's moved on to honest business, until his brother-in-law gets in trouble with illegal operations. Suddenly, Chris finds himself involved with Briggs (Giovanni Ribisi), a dangerous drug dealer who forces him to take part in a daring heist. Can he stay clean and protect his beloved family, or will he succumb to his shady old ways? Though the plot is familiar, the movie gets a shot of energy from Wahlberg's brand of working-class grit, and from the intensity Icelandic director Baltasar Kormakur brings to the confrontations.
Pillow Talk (Universal): Doris Day and Rock Hudson teamed up for the first time in this vintage romantic comedy from 1959, now being released in a special anniversary DVD edition. Day plays Jan Morrow, a serious-minded interior designer, while Hudson plays Brad Allen, a fun-loving bachelor. The career-woman and the playboy wouldn't normally have anything to do with each other, except the two of them have to share the same phone line, which causes them to hate each other without having ever met. To get back at his snippy neighbor, Brad comes up with a new persona to romance her... only for them to fall in love for real. Boasting the kind of innuendo-laden humor that could play as a blueprint for many a romp, this classic still feels fresh thanks to the chemistry between Day and Hudson and sharp supporting turns by Tony Randall and Thelma Ritter.
Europe’s Debt Woes Weigh on Bank Earnings
Trinity Industries reports $52.9 million net income
GATX Reports $30.3 million net income
CIT Closes $753 Million Equipment Lease Securitization
Insurers to pay $1.3 billion in rebates
Amazon blows past analysts' 1Q profit projection
Emmitt Thunderpaws Welcomes Home His Military Dad!
SparkPeople--Live Healthier and Longer
How to Grow Your Own Herbs for Cooking
2012 NFL Draft Selections
Draft Day 1 turns into swap meet
Luck. Griffin. Then It Gets Interesting
San Francisco 49ers surprise everyone with their first-round pick
New Falcons stadium cost could exceed $1 billion
Three Spring Notations on Bipeds
by Carl Sandburg (1920)
The down drop of the blackbird,
White pigeons rush at the sun,
The child is on my shoulders.
Andreessen Horowitz Partners Pledge Half Their Earnings to Philanthropy
“Gimme that Wine”
Copia liquidation fetches a ‘disappointing’ $350,000
Virginia wine industry continues to grow
Economic Impact of Washington State Wine Industry Grows Dramatically
Wine and art are connected, and collected, at Hess
Wine Prices by vintage
US/International Wine Events
Leasing News Wine & Spirits Page
This Day in History
1773-The British Parliament passes the Tea Act, a bill designed to save the faltering East India Company by greatly lowering its tea tax and thus granting it a monopoly on the American tea trade. The low tax allows the East India Company to undercut even tea smuggled out of America, and many colonists view the act as another example of taxation without representation. When three tea ships, the Dartmouth, the Eleanor, and the Beaver, arrived in Boston Harbor, the colonists demanded that the tea be returned to England. After Massachusetts Governor Thomas Hutchinson refused, Patriot leader Samuel Adams organized the so-called "Boston Tea Party" with about sixty members of the "Sons of Liberty." On December 16, 1773, the Patriots boarded the three British ships disguised as Mohawk Indians, and dumped 342 chests of tea into Boston Harbor. The destroyed tea was valued at approximately ten thousand pounds. Parliament, outraged by the Boston Tea Party and other blatant destruction of British property, enacted the Coercive Acts, also known as the Intolerable Acts, in the following year. The colonists in turn responded by calling the first Continental Congress to consider a united American resistance against the British
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
How to play:
Refresh for current date:
See USA map, click to specific area, no commercials
Real Time Traffic Information
You can save up to 20 different routes and check them out with one click,
Independent, unbiased and fair news about the Leasing Industry.