************************ Extra Extra **************************

Leasing News has been receiving reports that USXL, owned by Tygris , was letting employees go. It seems more is changing here than the name to USXLVendor Finance. Several readers in the C&L division told Leasing News they were let go, then yesterday Leasing News received emails from readers that 20 employees were also let go.

Leasing News sought a statement from Rick Wolfert , head of Tygris, and Paul Frechette , head of USXL Vendor Finance. This was received this morning:

"In response to your query to Tgris a spokesperson said ' It is a sad day for us whenever we have to let someone go, but as a rule we will always make refinements to our businesses - including selectively adjusting staffing levels up and down - that are in the long term best interest of our employees, our customers and our shareholders. Particularly in this environment, we're all dealing with challenging decisions.'"

--

Pioneer Capital Corporation , Addison, Texas funding deals that were held up, with broker commissions to follow. Friday more news about what is happening both with Pioneer and IFC Credit Corporation, Morton Grove, Illinois

Kit Menkin, editor