Headlines--- April
Fool’s Day-Balboa Capital Complaint Sigel
now ECS Financial Services PDS
Gaming $1.6M Net Loss/YE 2003 $.6M Profit Cartoon--
Broker Marriage Counselor ######## surrounding the article denotes it is a “press
release” ------------------------------------------------------------------------------- Classified
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News Back Office List: http://www.leasingnews.org/elease/backoffice.htm ------------------------------------------------------------------------------------------------------------ Economic
Events This Week April 7 Wednesday Consumer Credit: February April 8 Thursday Sales of Leading Retailers: March Weekly Jobless Claims ------------------------------------------------------------------------------------------------------- April
Fool’s Day-Balboa Capital Complaint
to say there would
be no legal action, and that the e-mail from Joe Seboek did not speak for
the company. It appears Mr. Seboek is relatively new with the company. Patrick Bryne did say that “...people back
East did not think it was an April
Fool's joke...” Specifically it was
recommended that he attend an Equipment Leasing Association conference,
if Balboa was a member, and/or the United Association of Equipment
Leasing Association conference in Phoenix, Arizona. He would then learn more about the jargon,
the history, and who are the “players”
in the industry. These conferences
are perfect for new comers,
who are welcome and ambassadors are appointed to introduce
them to others in the leasing industry. Here is the story that included Mr. Seboek’s eMail: http://www.leasingnews.org/#yest There were other
responses, but due to the time factor involved, permission to quote
them was not received, although some did not want their names
attached: ( name with held )
( name with held ) “I think people either
have too little to do, or are simply so p****d
( name with held
) Fred St. Laurent
(name with held ) Current Openings Accounting
[Top] Credit and Documentation Administrator
[Top] Middle Market Sales Representative
[Top] Sales
[Top] Senior Sales Executive
[Top] Syndicator
[Top] Title Clerk
[Top] ----------------------------------------------------------------------------------------------- ### Press Release
################################ Sigel
now ECS Financial Services Edwin C. Sigel, Ltd.,
CPA’s and Lease Portfolio Managers, of Northbrook, Illinois, is pleased to announce
that we have changed our name to better reflect the broad range of services that we
provide our clients. Our new name is ECS Financial Services, Inc. We believe that our
new name better demonstrates the diversity of our services which have
grown to include not only Lease Portfolio Management, Accounting and
Tax Services, but also Consulting, Tax Planning, Business Valuations,
Recruitment Services, Litigation Support, Web Design, Expert Witness
Testimony, just to name a few. Our name has changed
but not our commitment to quality service. We invite you to visit our
website at www.ecsfinancial.com or give us a call at 800-826-7070 to
find out how we can help you grow your business. ECS Financial Services,
Inc. CPA’s and Lease Portfolio
Manager 3400 Dundee Road,
Suite 180 Northbrook, Illinois
60062 Phone (847) 291-1333,
ext. 111 ## Press Release
################################## PDS
Gaming $1.6M Net Loss for 4th But YE 2003
$659,000 Profit LAS VEGAS--PDS Gaming
Corporation (Nasdaq:PDSG), a company that finances, leases and sells
gaming equipment for the casino industry, today reported its operating
results for the fourth quarter and year ended December 31, 2003. For the three months ended December 31, 2003, the Company reported
net income of $30,000, or $0.01 per diluted share, compared with a net
loss of $1,669,000, or $0.44 per diluted share, for the three months
ended December 31, 2002. The prior year quarter included a loss from
discontinued operations of $1,045,000, or $0.28 per diluted share. Revenues
from continuing operations were $11.7 million in the fourth quarter
of 2003 compared to $14.8 million in the fourth quarter of 2002. Operating
lease rentals increased from $4.1 million in the 2002 quarter to $8.8
million in the 2003 quarter, reflecting a significantly larger operating
lease portfolio. The Company completed $23.4 million in originations
during the fourth quarter 2003, compared with $14.3 million in the fourth
quarter 2002. Revenues from equipment sales and sales-type leases decreased to
$608,000 for the fourth quarter of 2003, compared to $9.2 million for
the year-earlier quarter. The 2002 quarter included an early lease termination
and sale of the related equipment to the lessee that resulted in revenues
of $8.6 million. Interest expense increased by $387,000 to $2.6 million
for the fourth quarter of 2003, compared to $2.2 million for the year-earlier
period, as a result of higher debt levels which financed growth in the
portfolio and, to a lesser extent, a higher cost of funds in the fourth
quarter of 2003. Selling, general and administrative expenses increased to $2.0
million for the fourth quarter of 2003, compared to $762,000 for the
year-earlier quarter. The increase is due primarily to significantly
higher legal, litigation and settlement costs, related primarily to
the settling of two legal disputes. Casino operations resulted in a pre-tax loss, before depreciation,
of $194,000 in the fourth quarter 2003, compared to a pre-tax loss of
$211,000 in the fourth quarter 2002. Due to continuing operating losses,
the Company ceased operations at Rocky's effective January 31, 2004,
and is evaluating its future alternatives for Rocky's, which include
sale, lease or joint venture of the property. For the year ended December 31, 2003, the Company reported net
income of $659,000, or $0.17 per diluted share, compared with a net
loss of $4.4 million, or $1.15 per diluted share, for the year ended
December 31, 2002. The prior year included a loss from discontinued
operations of $3.3 million, or $0.86 per diluted share. Revenues from
continuing operations were $45.2 million in 2003 compared with $40.3
million in 2002. The higher level of revenues in 2003 is primarily the
result of significantly higher operating lease rentals in the current
year, partially offset by lower revenues from equipment sales and sales-type
leases. The Company completed $128.7 million in originations in 2003,
compared with $51.8 million in 2002. Interest expense increased by $2.9 million to $10.7 million for
the year ended December 31, 2003, compared to $7.8 million for the year
earlier, as a result of higher debt levels and, to a lesser extent,
a higher cost of funds in 2003. Casino operations resulted in a pre-tax loss, before depreciation,
of $587,000 in the year ended December 31, 2003, compared to a pre-tax
loss of $841,000 in 2002. PDS Gaming Corporation provides customized finance and leasing
solutions to the casino industry in the United States. PDS Gaming Corporation
is headquartered in Las Vegas, Nevada, and its common stock trades on
The Nasdaq Stock Market under the symbol "PDSG". CONTACT:PDS Gaming
Corporation President and Chief Operating Officer Peter D. Cleary, 702-736-0700 ### Press Release
################################# --------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------- News Briefs--- Dollar Rises on Strong
U.S. Jobs Report http://www.nytimes.com/reuters/business/business-markets-forex.html Ripped from the headlines:
A TV trial for Tyco execs? Jurors, Fresh From
Deliberations, Recall What Led to Tyco Mistrial http://www.nytimes.com/2004/04/05/nyregion/05juror.html --------------------------------------------------------------------------------------------------------- “Gimme that Wine” New Book Details
California Wineries' Environmental Efforts http://www.winespectator.com/Wine/Daily/News/0,1145,2400,00.html U.S. to Create National
Center for Studying Grapevine Genetics http://www.winespectator.com/Wine/Daily/News/0,1145,2401,00.html Top 100 S.F. Bay
Area Restaurants and Wine This
Day in American History 1856- the birthday of Booker Taliaferro Washington, black educator
and leader born at Franklin County, VA. " No race can prosper,"
he wrote in "Up from Slavery, "till it learns that there is
as much dignity in tilling a field as in writing a poem." http://www.historycooperative.org/btw/ 1868-The first Chamber of Commerce was established by 20 merchants at a meeting at Fraunces Tavern,
New York City, " for promoting and encouraging commerce, supporting
industry, adjusting disputes relative to trade and navigation, and procuring
such laws and regulations as may be found necessary for the benefit
of trade in general." John
Cruger was the first president. 1871-Glenn Scobey “Pop” Warner, football player and coach, born
at Springville, NY. After playing several
sports at Cornell, Warner began coaching football, most notably at the
Carlisle Indian School where he coached Him Thorpe. He coached three
undefeated teams oat the University of Pittsburgh and went to the Rose
Bowl three times with Stanford. he
ended a 44-year career at Temple. Died at Palo Alto, CA. September 7,
1954. 1913- In an exhibition game against the Yankees, 25,000 fans watch
the Dodgers play their first game in Ebbets Field. Brooklyn beats New
York, 3-2 with Casey Stengel hitting the park's first home run, an inside-the-parker. 1915-Towering Jess Willard beat Jack Johnson in the 26th
round to win the heavyweight championship of the world in Havana, Cuba. Johnson, a black American who had held the
title since defeating Tommy Burns in 1908, had been widely criticized
for his flamboyant lifestyle. Willard from Kansas was touted as the
“Great White Hope,” whose goal it was to recapture the title for the
“Caucasian race.” The decision was controversial as Willard was
on the floor several times with many “slow counts.”
It was also said that he thought he could escape Mann Act charges against him if he
lost to a “white man.” A movie
was made about his life starring James Earl Jones. http://www.famoustexans.com/jackjohnson.htm 1916—National Park Service founded. http://memory.loc.gov/ammem/today/apr05.html 1917 –Birthday of writer Robert Bloch, born Chicago, Ill. Also
writes as Collier Young. American crime and suspense writer, who famous
for stories about psychopaths. Best known is Psycho, a stunning film
by Alfred Hitchcock (1960). Also wrote humorous fantasy, science fiction,
short stories, screenplays and radio plays. Bloch was asked that tired
old question: why he wrote horror fiction. http://us.imdb.com/name/nm0088645/ http://www.kirjasto.sci.fi/rbloch.htm 1918-Goerge “ Joe” Sobek, inventor of racquetball born at Greenwich,
CT, in 1950. Sobek decided he needed more exercise.
Such a good squash player that he was unable to find opponents
and not interested in either handball or paddle ball. Sobek invented
racquetball. For the racquet, he added strings to a platform-tennis
paddle. For the ball, he used
the core of a tennis ball. By his death, his sport was being played
by 8.5 million people in 91 nations. Died at Greenwich, March 27,1998. 1920 -- Novelist Arthur Hailey born, Luton, Bedfordshire. http://us.imdb.com/name/nm0354150/ http://www.fantasticfiction.co.uk/authors/Arthur_Hailey.htm 1922- Canadian composer Harry Freedman was born in Lodz, Poland.
In 1970, he became the Toronto Symphony Orchestra's first composer-in-
residence. Freedman composed "Graphic One (Out of Silence)"
for the orchestra's 50th anniversary celebrations in 1971. He is also
a composer of music for films, and he has provided scores for such movies
as "The Pyx," "Lies My Father Told Me" and "Act
of the Heart." 1926—birthday of guitarist Lou Millet, Baton Rouge, LA. http://rcs.law.emory.edu/rcs/artists/m/mill6700.htm 1923 - Firestone Tire and Rubber Company of Akron, OH began the
first regular production of balloon tires. 1926-birthday of guitarist Lou Millet, Baton Rouge, LA http://www.rockabilly.nl/lyrics4/s0103.htm Just You And Me,
'55 1927- drummer Stan Levey Birthday http://www.rhythmweb.com/people/stan.htm 1928—birthday of singer Tony Williams, Elizabeth,NJ. Under the
guidance of manager Buck Ram, the Platters recorded a string of hits
for Mercury Records from 1955 to 1964. Among them - "The Great
Pretender," "Only You" and "Smoke Gets in Your Eyes."
Williams quit the Platters in 1961 and Sonny Turner took over as lead
singer. In the late '60s, the Platters regained chart status briefly
with a couple of contemporary soul tunes. A Platters' group is still
touring the supper club circuit, but none of the original members is
present. Tony Williams died on August 14th, 1992. http://www.hotshotdigital.com/OldRock/PlattersBio.html 1932-Birthday of singer Billy Bland, Wilmington, NC (not to be confused
with Billy “Blue” Bland.) http://www.oldies.com/artist/view.cfm/id/47.html 1934-birthday of tenor sax player Stanley Turrentine, Pittsburgh,
PA Died September 12,2000. http://members.tripod.com/~hardbop/stanley.html http://www.nprjazz.org/programs/sturrentine.html http://www.stanleyturrentine.com/laplace/disco_staninfo.html http://www.sonicnet.com/allmusic/ai_bio.jhtml?ai_id=507685 1942 - The Ski Union of America was formed in New York City to
become the governing body for amateur skiing in the Western hemisphere.
1945 -the temperature at Eagle Nest, New Mexico fell to 36 degrees
below zero. This is the lowest ever recorded for the 48 contiguous states
in April. 1949-“Fireside Theater” premiered on TV.Gene Raymond and later
Jane Wyman hosted this NBC anthology program consisting of 15- and 30-minute
dramas. One of its most acclaimed presentations was "The Reign
of Amelika Jo" on Oct 12, 1954. It was set in the South Pacific
during World War II and had a mostly black and Asian cast. 1950- Agnetha (AG-NYET-HAH) Anna Faltskog (FELTS-KOGUE) of the
Swedish vocal group Abba was born. The group's bright, bouncy songs
dominated the airwaves on both sides of the Atlantic in the latter half
of the 1970's. Their first hit, "Waterloo," won the Eurovision
song contest. 1951---Top Hits If - Perry Como Mockingbird Hill
-Patti Page Aba Daba Honeymoon
- Debbie Reynolds and Carleton Carpenter The Rhumba Boogie
- Hank Snow 1953- In Washington, D.C., President Dwight Eisenhower inaugurated
the Presidential Prayer Breakfast. (Its name was later changed to the
Annual National Prayer Breakfast.) 1953-Buddy Rich joins Harry James band Easter Sunday, Hollywood
Palladium. 1955 - Richard J. Daley was elected mayor of Chicago, IL, starting
one of the most colorful political careers in the twentieth century.
A man who lived in the house he was born until he died. Never a “rich” man in money, but perhaps the most single political
powerful man in American history. 1958 - Johnny Mathis’ album, "Johnny’s Greatest Hits",
on Columbia Records, made it to the pop music charts for the first time.
The LP remained on the charts for a record 490 weeks (nearly 9-1/2 years!)
The record began its stay at number one (three weeks) on June 9, 1958.
Mathis studied opera from age 13 and earned a track and field scholarship
at San Francisco State College. He was invited to Olympic try-outs and
chose a singing career instead. He was originally a jazz-style singer
when Mitch Miller of Columbia switched Mathis to singing pop ballads.
He would chart over 60 albums in 30 years. When he declared himself “gay,” his popularity
waned. 1958-Irvin Feld's Greatest Show of Stars opens its 80- day North
American tour in Norfolk, Virginia. Headlining are Sam Cooke, the Silhouettes,
Royal Teens, Everly Brothers, Jimmy Reed and Clyde McPhatter. The bill
is expanded with the addition of Paul Anka, Roy Hamilton, LaVern Baker,
Frankie Avalon and others. The tour is expected to gross over one million
dollars. 1959---Top Hits Venus - Frankie Avalon Come Softly to Me
- The Fleetwoods It’s Just a Matter
of Time - Brook Benton When It’s Springtime
in Alaska (It’s Forty Below) - Johnny Horton 1961-“Secret Agent” premiered on TV. Before Patrick McGoohan became
"The Prisoner," he played the role of intelligence agent John
Drake on this CBS adventure series. Produced in England by ATV, it also
aired there as "Danger Man." 1962 -- Billie Sol Estes indicted for selling millions of dollars'
worth of chattel mortgages on nonexistent fertilizer tanks. http://www.chron.com/content/chronicle/aol-metropolitan/97/12/09/estes.2-0.html http://home.earthlink.net/~sixthfloor/estes.htm 1963- Martha and the Vandellas make their chart debut with "Come
and Get These Memories. 1965 – Bob Hope hosted the 37th Annual Academy Awards at the Santa
Monica Civic Auditorium, Los Angeles. "My Fair Lady" and "Mary
Poppins" vied for Best Picture as did "Alexis Zorbas";
"Becket"; and "Dr. Strangelove or: How I Learned to Stop
Worrying and Love the Bomb". And the winner was ... "My Fair
Lady" (Jack L. Warner, producer). "My Fair Lady" was
the name in the winner’s envelope seven more times: Best Director (George
Cukor); Best Actor (Rex Harrison); Best Cinematography/Color (Harry
Stradling); Best Art Direction-Set Decoration/Color (Gene Allen, Cecil
Beaton, George James Hopkins); Best Costume Design/Color (Cecil Beaton);
Best Sound (George Groves-Warner Bros. Studio Sound Dept.); and Best
Music/Scoring of Music, Adaptation or Treatment (André Previn). "Mary
Poppins" was not about to let Eliza Doolittle steal all her thunder.
Julie Andrews was awarded an Oscar for Best Actress for her title role;
Cotton Warburton won for Best Film Editing; Peter Ellenshaw, Hamilton
Luske, Eustace Lycett for Best Effects, Special Visual Effects and Richard
M. Sherman and Robert B. Sherman won for Best Music/Song ("Chim
Chim Cher-ee" from "Mary Poppins") and for Best Music/Score-Substantially
Original. The two remaining crowd-pleaser awards went to Peter Ustinov
in "Topkapi" for Best Supporting Actor and to Lila Kedrova
in "Alexis Zorbas" for Best Supporting Actress. http://www.infoplease.com/ipa/A0148977.html 1967---Top Hits Happy Together -
The Turtles Dedicated to the
One I Love - The Mamas and The Papas Somethin’ Stupid
- Nancy Sinatra and Frank Sinatra Walk Through This
World with Me - George Jones 1971-The second incarnation of the Washington Senators opened their
last season in the nation’s capital, defeating the Oakland Athletics,
8-0. After the season, they
moved to Arlington, TX, and became the Texas Rangers. the original Washington
Senators became the Minnesota Twins in 1962. 1972- The season opener between Astros and Reds is canceled due
to the player strike which started on April 1. It marks the first time
in major league history Opening Day is delayed and 86 games will be
lost before the labor dispute is settled. 1972-.A F2 tornado, 500
yards wide at times, touched down at a marina on the Oregon side of
the Columbia River, and then tore through Vancouver WA killing six persons,
injuring 300 others, and causing more than five million dollars damage.
It was the deadliest tornado of the year, and the worst of record for
Washington. 1975---Top Hits Lovin’ You - Minnie
Riperton Philadelphia Freedom
- The Elton John Band No No Song/Snookeroo
- Ringo Starr I Just Can’t Get
Her Out of My Mind - Johnny Rodriguez 1982 - An unprecedented April blizzard began in the northeastern
U.S. One to two feet of snow fell across Massachusetts and Connecticut,
and up to 26 inches was reported in Maine. New York City received a
foot of snow. Winds reached 70 to 80 mph during the storm, and the storm
also produced numerous thunderstorms, which contributed to the heavy
snow. 1983---Top Hits Billy Jean - Michael
Jackson Do You Really Want
to Hurt Me - Culture Club Hungry like the Wolf
- Duran Duran When I’m Away from
You - The Bellamy Brothers 1984- the Reorganized Church of Jesus Christ of Latter-Day Saints
with a membership of a quarter of a million votes to permit the ordination
of women priests. 1984- The second annual MTV Video Music Awards are broadcast. Winners
include Michael Jackson for "Beat It," the Police for "Every
Breath You Take" and Cyndi Lauper for "Girls Just Wanna Have
Fun." 1985- 1985, "We Are the World," the American recording
industry's effort for African famine relief, was played simultaneously
on more than 5,000 radio stations in the US and Canada. 1987 -after days of heavy rain, a New York State Thruway bridge
over Schohaire Creek collapsed just west of Amsterdam, New York. 10
people died as a result of having plunged with their vehicles into the
flood-swollen creek either with or shortly after the bridge collapse. 1987 - Calling it the first launching of a television network in
almost 40 years, the FOX Broadcasting Company, under the direction of
media and publishing baron, Rupert Murdoch, started with two Sunday
night offerings. "Married......With Children" and "The
Tracey Ullman Show" were the beginnings of the FOX lineup. 1987—“Married...With Children” premiered on TV. This raunchy Fox
TV show premiered as the antidote to Cosby-style family shows. Ed O'Neill
starred as boorish, luckless shoe salesman Al Bundy, Katey Sagal portrayed
Al's big-haired, spandex-clad, sex-starved wife Peggy, Christina Applegate
played air headed bombshell daughter Kelly and David Faustino played
hormone-driven son Bud. The Bundys' neighbors were portrayed by Amanda
Bearse as Marcy Rhoades, David Garrison as husband #1, Steve Rhoades
and Ted McGinley as husband #2, Jefferson D'Arcy. The last episode aired
Apr 20, 1997. 1988 - Thirty-nine cities across the eastern half of the country
reported record high temperatures for the date, including Saint Louis
MO with a reading of 91 degrees. Laredo TX was the hot spot in the nation
with an afternoon high of 100 degrees. 1987 - A storm produced unprecedented April snows in the central
Appalachians. Mount Mitchell NC received 35 inches of snow, and up to
60 inches (six feet) of snow was reported in the mountains along the
border of North Carolina and Tennessee. The total of 25 inches at Charleston
WV easily surpassed their previous record for the entire month of April
of 5.9 inches. The 20.6 inch total at Akron OH established an all-time
record for that location. 1989 - Unseasonably hot weather prevailed in the southwestern U.S.
Afternoon highs of 100 degrees at Santa Maria CA and 105 degrees in
Downtown Los Angeles established records for the month of April. 1991---Top Hits Coming Out of the
Dark - Gloria Estafan This House - Tracie
Spencer Hold You Tight -
Tara Kemp Two of a Kind, Workin’
on a Full House - Garth Brooks 1993- In front of 42,334 fans at Joe Robbie Stadium in Miami, the
Florida Marlins, in their major league first game ever, defeat the Dodgers,
6-3. Joe DiMaggio throws out the ceremonial first pitch and the team
retires uniform number 5 in tribute to Carl Barger, their late president. 1993- Eric Fox, inserted into the game as late-inning defensive
replacement hits a grand-slam home run in the bottom of the eighth inning
giving the A's a 9-4 Opening Day victory before 43,370 fans at Oakland-Alameda
County Coliseum. It will be the outfielder's only homer of the season. 1996 -a small area of west-central Texas was buried under record
late season snows. Abilene recorded 9.3 inches in 24 hours for its greatest
24 hour snowfall ever. Sweetwater measured 18 inches for the storm.
The 2 inches at Midland was its greatest April snowfall on record. 2003 -To show support for the U.S. troops
in Iraq, the White Sox announce all active military members showing
a military ID will be given free admission to home games at U.S. Cellular
Field. NCAA Basketball Champions This Date 1983-North Carolina
Baseball
Poems Opening Day in Chicago ----- omorrow! by Milton Bracker
© Published: New York
Times (1962) Hoorah, hooray! Be glad, be gay- The best of reasons Is Opening Day. And cheering the
players And counting the
gate And running the bases And touching the
plate. And tossing the ball
out And yelling Play
Ball! (Who cares about
fall-out- At least, until fall?) Let nothing sour This sweetest hour; The baseball season's Back in flower! --- Bonds swings the maple,
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