Friday, February 11, 2011
Today's Equipment Leasing Headlines
Obama plan to get wireless Internet to 98%of US
######## 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.
(These ads are “free” to those seeking employment
Free Posting for those seeking employment in Leasing:
All “free” categories “job wanted” ads:
(This ad is a “trade” for the writing of this column. Opinions
### Press Release ############################
Arvest Leasing Prez retires from Air Force after 27 years of service
Ft. Smith, Ark. - Twenty-seven years after enlisting in the Arkansas Air National Guard on his 17th birthday, Kyle W. Gilliam, Certified Lease Professional (CLP) and president of Arvest Equipment Finance is retiring from military service on March 6th, 2011.
Master Sergeant Gilliam’s most recent duty assignment was with the 188th Fighter Wing located in Fort Smith, Arkansas, where he worked in the Civil Engineering Squadron as the Operations Superintendant. “Kyle is an outstanding example of what today’s citizen soldier is all about. I wish him the best in his retirement and continued success in his banking career,” said Vincent S. Langdon, Lt. Col 188th Force Support Squadron Commander.
Prior to his assignment at the 188th Fighter Wing, Master Sergeant Gilliam was assigned to Joint Forces Headquarters located on Camp Robinson in North Little Rock, Arkansas. There, Master Sergeant Gilliam served as the First Sergeant and was the liaison for the safety program for the Arkansas Air National Guard.
During his enlistment with the Arkansas Air National Guard, Master Sergeant Gilliam was deployed to Central America, Europe, and the Middle East, along with many different stateside missions. Master Sergeant Gilliam has been awarded the Air Force Commendation Medal, Air Force Achievement Medal, Air Reserve Forces Meritorious Service Medal, National Defense Service Medal, Global War on Terrorism Service Medal, Air Force Longevity Service Medal, Armed Forces Reserve Medal and the Arkansas Service Medal. His professional military education includes graduating from the Non-Commission Officers Academy and The Community College of the Air Force.
Col. Tom Anderson, Wing Commander 188th Fighter Wing reflected on Master Sergeant Gilliam’s career, “MSgt Kyle Gilliam has been an outstanding asset to the 188th Fighter Wing, our state, and our nation. Kyle has done whatever asked of him by his country. Every assigned job and task he executed with professionalism and perfection.”
Col. Anderson continued, “Kyle is to be thanked for his great service to our country. Being a citizen soldier is difficult as the soldier has to constantly balance, family, employer, and the military. I have had the privilege of working closely with Kyle over the years and without doubt, he will be tough to replace. The quintessential citizen solder, he excelled at everything he did and helped the 188th Fighter Wing accomplish its mission.”
Kyle W. Gilliam, CLP
#### Press Release #############################
Leasing Company Stock---Thursday, 4pm
CIT GROUP, INC (NYSE: CIT)
Last Trade: 47.41
G A T X CP (NYSE: GMT)
GATX Corporation Common Stock
GEN ELECTRIC CO(NYSE: GE)
General Electric Company Common
MicroFinancial Incorporated (Nasdaq GM: MFI)
Last Trade: 4.10
Chesswood Income Fund (Pawnee Corp.) (CHW.UN)
Resource America, Inc.(Nasdaq GS: Rexi)
((Please click on ad to learn more))
Marquette Equipment Finance Joins “Funder ‘A’ List”
A -Accepts Broker Business | B -Requires Broker be Licensed |
Funder List "A"
Michael G. Coon has joined Orion First Financial, Gig Harbor, Washington as Vice President of Sales and Business Development. He previously Managing Member of Aurora Management Group LLC (January 2010-January 2011), Chief Financial Officer, LDS Investments (January 2010-November 2010), Executive Vice President, Enterprise Funding (January 2001-December, 2009), Vice-President, Business Development, Enterprise Capital (February, 1996-December, 2000 and Retail Loan Businesses Development Officer for FMB-First Michigan Bank (April, 1993-February, 1996.) He has served as Chairman of the 2009 National Association of Equipment Leasing Brokers Annual Conference in Las Vegas and was a Panelist on the 2009 Monitor Magazine Funding Source Round Table. He is a graduate of Central Michigan University with a BSBA, Finance and Marketing (1986-1988) and resides with his wife, Shea and daughter, Marianne, in Rockford, MI.
Lawrence D. Cooper has joined the Denver, Colorado office of Polsinelli Shughart PC law firm. He previously served as senior in-house counsel for Key Equipment Finance, Fifth Third Bank and most recently for Volvo Financial Services. He earned his law degree from the St. Mary’s University School of Law in San Antonio and holds a bachelor’s degree from Siena College in Loudonville, N.Y. He is an active member of the Equipment Leasing and Finance Association and its Rail, Air and Marine Subcommittee and the American Bar Association and its Commercial Financial Services Committee and Subcommittee on Aircraft Financing.
Gary Cropp was named Regional Sales Manager for ALLPRO Imaging, Melville, NY to manage sales in the healthcare markets for the western states. He previously built his own leasing company, Centaur Services, Inc. before merging with HPSC, Inc. He holds an M.A.E. Degree in Architectural Engineering and Business Finance & Computer Science Applications from Oklahoma State University and is a member of the National Equipment Finance Association.
Raymond W. Dusch has joined the law firm of LeClairRyan, New York, New York, as a partner on the firm’s Banking Industry Team and Bank Finance and Lending Practice Area Team. He will be resident in the firm’s New York City office. He has represented major financial institutions and lessors in the acquisition of leasing companies and the purchase and sale of lease portfolios, and all aspects of equipment and vehicle leasing, including lease documentation and lease financing, syndication and vendor leasing programs for banks, finance companies and major manufacturers, ranging from aircraft and rolling stock, to mainframe computers, automobiles, medical equipment and other commercial equipment.
Mr. Dusch is a member of the New York State Bar Association and the Association of Commercial Finance Attorneys, and is a former member of the Legal Committee of the Equipment Leasing and Finance Association. He is admitted to practice in New York and is a graduate of New York University’s School of Law and New York University’s Stern School of Business.
Randy Zelin has joined Morritt Hock & Hamroff, LLP, Garden City, New York as a partner. A former prosecutor, Assistant District Attorney Nassau County (1988-1991) Mr. Zelin has handled numerous high profile cases. The scope of his practice is diversified, and includes securities fraud, insider trading, RICO, SEC, FINRA, Patriot & Sarbanes Oxley, tax fraud, mail/wire fraud, money laundering/structuring, bank fraud, mortgage fraud, bankruptcy fraud, antitrust & deceptive trade practices, public corruption, insurance fraud & abuse, as well as all other criminal law matters.
In addition to his practice, Mr. Zelin regularly appears as a legal analyst on FOX News, FOX Business, and FOX Radio to discuss noteworthy trials and legal issues. He has also appeared on the O'Reilly Factor, Geraldo at Large, Nancy Grace, Tru TV, CNN and CNN Headline News. He is a member of the National Association of Criminal Defense Lawyers and frequently provides lectures at continuing legal education programs on criminal law and procedure, and has taught as a guest instructor in various local law schools' trial advocacy programs, as well as for the National Institute for Trial Advocacy. He earned his J.D. from Touro College, Jacob D. Fuchsberg School of Law.
John Pack has been named vice president of vendor development for PNC Equipment Finance, Mooresville, North Carolina, to develop the healthcare vendor financial group. He recently was director of business development with Key Equipment Finance (October 2006-January, 2011), Business Development Director, USXL (Currently EverBank) (October, 2004-October 2006), Business Development Director, Bank Capital Services Corp. (October, 200o-December, 2002), Regional Business Manager, Case (CNH) (May, 1998-October, 2000), Finance & Insurance Director, GMAC (July, 1980-May, 1998). He holds a bachelor of science in Finance from King's College.
Jim Pulie has been appointed vice president of sales for People's Capital and Leasing, Waterbury, Connecticut, to develop PCLC's helicopter segment and regional fixed wing business, specializing in providing loan and lease financing solutions to owners and operators. Pulie has more than 20 years of aviation finance experience. He previously was Director, Aviation Finance for Webster Capital Finance(f/k/a/ Center Capital Corporation (May, 2005-January, 2011), National Sales manager, Helicopter Finance, Business Aircraft Group, for CIT Group, Inc. (February, 2004-May, 2005), Team Leader, Helicopter Finance, DaimlerChrysler Capital Services (debis Financial Services) (April, 2000-February, 2004), Sales Finance, UT Finance Corp., United Technologies (February, 1989-April 200), Field Service Rep/Manager, Donnelley Marketing (May,1985-February,1989).
He has an MBA, Finance, from the University of New Haven (1990-1993), and BS in Business Administration from University of Dayton (1981-1985).
Michelle Speranza has been promoted to marketing director at LEAF Commercial Credit, Philadelphia, Pennsylvania. She was senior marketing manager at LEAF Financial, joining the company in 2005.
Bob Sommers has been appointed vice president of sales for People's Capital and Leasing, Waterbury, Connecticut, to develop PCLC's national business aircraft financing segment, specializing in fixed wing aviation assets via loan and lease structures for corporate and business owners. Sommers has more than 26 years of aviation finance experience. Prior to joining PCLC, he was Regional Sales Manager, TD Equipment Finance (July, 2008--January, 2011), Sales Director, Wachovia Equipment Finance (August, 2001-July, 2008), Regional Manger, CIT Group (November, 1988-2001). He is FINRA Certified (December, 2010) attending Ursinus College, Account (1985-1987), receiving a Bachelor's in Economics, Cum Laude, Temple University (1978-1982), Father Judge High School (1972-1976).
Who’s on top in Leasing News Media
(Ranked by Alexa/Google in sites visited,
While news editions are Monday-Wednesday-Friday and
Alexa Ranks Leasing Media Web Sites
Alexa Ranks Leasing Media Web Sites
www.assetfinanceinternational.com has a new url address and is "too young" an address to rate. www.leasinglife.co.uk is a section of http://www.vrl-financial-news.com/ and the rating is not accurate as it gives the rating not of the leasing site specifically, but the entire financial site, and therefore is not in the count.
David G. Mayer's Business Leasing and Finance News is not included in the Alexa report list as it does not have its own individual site and Alexa finds Patton Boggs, LLP Attorneys at Law. The rating is not valid as it includes all those who visit and communicate with the law firm. When Business Leasing and Finance News has its own individual web site, it will be included in the Alexa survey.
*It should be noted that NAELB web site "list serve" requires logging onto their site, meaing their e-mails are counted as a visit to the site, whereas they are "list serve" communication. These are technically visits to the web site, but primarily to use "list serve."
The Alexa tool bar works on most browsers. They are partnered with Google.
You may download their free tool bar A graph and analysis of the last three months are available.
Leasing Industry Help Wanted
Please see our Job Wanted section for possible new employees.
Jim Merrilees Brings Site Inspection Up & Running
Leasing Industry Veteran Jim Merrilees has announced that the Inspection Services division of RTR Services, in Salem, Oregon is up and running.
The new division will be able to assist brokers, lessors and funding sources. The division is run by Merrilees and he notes "...with help from capable people such as Wes Peterson and industry veteran Bob Liddell.
"Give me, Wes or Bob a call and we can help you with most any type of inspection.
“Combined with the traditional services of RTR there is no time during the lease/loan contract that we can’t be of service,” says Merrilees.
He also plugs readers to look for Inspection Services when attending the up-coming conferences at National Association of Equipment Leasing Brokers and National Equipment Association Conference.
He suggests contacting them for the details at 877-801-6670 or visit the web site at www.is-rtr.com.
Egan Pulls Out All the Stops!
Gerry Egan, past president of the National Association of Equipment Leasing Brokers, now Executive Director of the National Equipment Finance Association, is pulling out all the stops for the March 17th conference in Scottsdale. He also gives credit to Kim King, Senior Association Coordinator “…who did the selling of it and I'm very proud to say that Kim --who is still an integral part of the association--- has done a great job and has sold more than double the number of Partner/Sponsor programs this year than she sold last year.”
NEFA member, David Wiener, one of the contributors to the Alta Report, will be giving an oral report to the one to be published in the spring by Equipment Leasing & Finance Foundation on “The Place of the Independent Lessor 2011”. He will be the key speaker on Friday, March 18th at the NEFA luncheon.
“Knowing the NEFA audience would be a prime beneficiary, I lobbied and obtained Foundation express permission to speak from the study even though it will be prior to the publish release,” he told Leasing News.
Wiener was named by Leasing News as one of the top 25 Most Influential in the Leasing Industry.
"David Wiener structured and executed over 700 transactions totaling $2.3 billion. He has created full capital markets deal placement capabilities for 3 separate to 10 vendor finance organizations. In 1981 when the Economic Tax Recovery Act was enacted, Wiener engineered 47 tax benefit transfer leases - purportedly the most executed in the U.S. His transaction resume includes an aggregate of $195 million of financing for California's Bay Area Rapid Transit System and the New York Metropolitan Transit Authority."
The co-author to the report, Mike Fleming, is past president of ELFA and also a Director in The Alta Group.
"Michael J. Fleming-- 27 year growing and serving the members of the Equipment Leasing and Finance Association and Foundation. A significant number of events, publications and training courses were launched, as well as media coverage, legislative activity in Washington and the fifty states, growing a professional 25 staff, the only association today not using a management firm. A visionary, Mr. Fleming, affected the direction of leasing for everyone in the industry."
Egan says the oral report will "...will focus on building, sustaining…and thriving; what ways does the Independent deliver value to their customers; how do independent companies really make money; secrets to independent’s leadership and management success; and a lot more inside information."
"We’re very pleased the Equipment Leasing and Finance Foundation is permitting NEFA’s National Equipment Finance Summit to preview the findings of the Alta Group’s report, “The Place of Independent Lessors—2011”, and to have a speaker of David Wiener’s experience and ability to deliver it.
“The information in this report will prove to be a critical planning tool for our members as our industry continues to pick up steam. This luncheon talk alone could make attending the Summit worthwhile for many attendees…and we do have a lot more there, too!”
He also has a new video on the conference:
Saluting Leasing News Advisor Phil Dushey
Phil is one of the original founding members of the Leasing News Advisory Board.
Phil Dushey has been active in the finance and leasing industry for the over 35 years. His first company was Global Financial Services, which is still active and successful today. Global specializes in all types of financing such as equipment leasing, accounts receivable financing, debt restructuring, and establishing lines of credit. Mr. Dushey feels that to be competitive in today's expanding financial climate a company must be able to service all of his clients needs not just equipment leasing.
In 1989, Mr. Dushey saw a need for a company that would serve the needs of churches, synagogues, mosques, and other places of worship throughout the country for equipment Leasing. At the time, most financing sources were reticent regarding religious institutions. He then formed Global Church Financing. It continues to be the leading company in providing financing to churches and other religious institutions today.
In 2003, Mr. Dushey fulfilled one of his lifelong dreams and formed Global Broker Training Systems. He believes it is the most comprehensive and successful training school in the country to train people who want to enter the finance and leasing business. The program includes everything they need to enter the business. He says he very much enjoys teaching how to make money in the finance industry based on 35 years of experience.
Mr. Dushey is a founding member of the National Association of Equipment Leasing Brokers. He has been a member and speaker at many leasing organizations for several years.
He and his wife Laurie have been married for 41 years, with six grandchildren, three boys and three girls age 3, 5, 7, 9, 11, and 15.
Mooresville, North Carolina -- Adopt-a-Dog
"Meet Brody - the gentle giant! Brody was lingering at the shelter for over a month and even went to an event at a local mall where he was loved on by everyone. Brody weighs in at 87 lbs. He has one blue eye and one brown eye and a gorgeous chocolate colored coat. Brody knows how to sit, raise his paw and loves to fetch! Brody is approx 11 months old, fully vetted, microchipped, neutered and started on heartworm prevention. His adoption fee is $150. He LOVES to play with other dogs, but keep in mind that he is very tall, so any play partner should be of similar size."
Lake Norman Animal Rescue
LNAR brings animals available for adoption to PetSmart in Mooresville on the first and third Saturday of each month from 10 AM to 2 PM.
For more info on adoption please visit our website at www.lknrescue.org.
(Leasing News provides this ad as a trade for investigations
Leasing News: Fernando's View
Valentine’s Day Special
From classics like “Gone With the Wind” to recent hits like “The Notebook,” romance has long played an integral role in the magic of movies. With Valentine’s Day just around the corner, check out Netflix’s collection of romantic favorites, and settle down with a movie to go with the flowers and heart-shaped chocolates.
Titanic (James Cameron, 1997): Long known for such muscular action extravaganzas as “Aliens” and “The Terminator,” director James Cameron became a staple of modern romantic cinema with this hugely popular tale, which would go on to become history’s biggest box-office hit. Structured as an old woman’s remembrance, it follows Rose (Kate Winslet), an aristocratic young woman who in the early 1900s falls in love with Jack (Leonard DiCaprio), a poor but proud artist. The only problem is that their meeting takes aboard the Titanic, the doomed vessel that’s scheduled for a rendezvous of its own with an iceberg. Is the young couple’s bond strong enough to survive a historical disaster? The film’s blend of special-effects and unapologetic emotion made it a sensation all over the world.
In the Mood for Love (Wong Kar-wai, 2000): One of the most exciting filmmakers to emerge in the last twenty years, Wong Kar-wai has always had a knack for exuberant feelings and reckless romanticism. It’s ironic, then, that one of his most remarkable movies revolves around an affair that remains chastely unconsumed. Set in Hong Kong during the 1960s, the movie traces the intense yet delicate relationship that gradually grows between two married neighbors, Chow (Tony Leung Chiu Wai), a newspaper editor, and Mrs. Chang (Maggie Cheung), a diplomat’s secretary. Living in the same crowded building, they find comfort in each other’s company even as their emotions grow stronger. What follows is a gorgeously choreographed dance of restraint and passion that will linger in the heart of cinematic lovers everywhere.
Before Sunrise (Richard Linklater, 1995): Can love at first sight still exist today? That’s the question asked by acclaimed independent director Richard Linklater (“Dazed and Confused”) in this affecting romantic-drama set between two strangers in Europe. Jesse (Ethan Hawke), an American tourist, and Celine (Julie Delpy), a French student, meet while traveling by train to Vienna. The chance encounter grows into something deeper as the two spend time together while waiting for their respective flights and take in the sights and history of the city. Sharing their beliefs, joys and dilemmas, they discover that they may be each other’s soul mate. But what will the following day bring? Endearingly acted and directed with sensitivity and a sense of subtle emotional urgency, this makes for a deeply affecting date movie.
An Affair to Remember (Leo McCarey, 1957): Director Leo McCarey (“The Awful Truth”) was so taken by this story of unlikely romance that he filmed it twice: once in 1939 as “Love Affair,” with Charles Boyler and Irene Dunne, and again nearly two decades later as this shimmering Valentine’s Day favorite. Nickie (Cary Grant) is an artist who’s become jaded due to his easy life. Terry (Deborah Kerr) is a singer engaged to be married. The two fall in love while on a transatlantic cruise, and make plans to meet again months later at the Empire State Building. When tragedy suddenly intervenes, however, the two see the power of their bond severely tested. A warm and engaging classic that has through the years received sighs and tears from audiences.
History Is Made at Night (Frank Borzage, 1937): “Souls are made great through love and adversity.” So said Frank Borzage, one of the screen’s pioneering romantics and director of this dazzling blend of melodrama, comedy, and lyricism. While trying to get away from her dour ex-husband, Irene (Jean Arthur) meets Paul (Charles Boyer), the elegant headwaiter at a Parisian restaurant. They fall madly in love, but Irene’s jealous former flame (Colin Clive) is ready to go to murderous extremes to ensure that she remains by his side. Building up to a climax that pits the couple’s love against a shipwreck and clearly influenced “Titanic,” this is a one-of-a-kind, unfairly forgotten gem that should remind modern viewers why Hollywood was originally known as the Dream Factory.
Client Looking For A Leasing Attorney
Obama touts plan to get wireless Internet to 98% percent of US
Sonoma County's tourism industry rebounds
Washington Wine Industry Grows
Harvest takes $142 million toll on California North Coast growers
Preliminary Report: California Crushes 3.58 Million Tons of Wine Grapes in 2010
Chateau Ste. Michelle dominates Riesling market
Wine Prices by vintage
US/International Wine Events
Leasing News Wine & Spirits Page
This Day in American History
1751- the first hospital to open in the United States was the Pennsylvania Hospital, opened in Philadelphia, PA, through the efforts of Benjamin Franklin and Dr. Thomas Bond. A temporary hospital was erected in 1751 in a private house on High ( now Market ) Street before the permanent building opened on February 11,1752. This was the first hospital to give free treatment to the poor and to offer humane treatment to the insane.
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.