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Wednesday, July 13, 2005 Headlines--- Classified Ads-----Doc .Manager/ Finance / Legal ######## surrounding the article denotes it is a “press release” Documentation Manager / Finance / Legal
full posting of all ads at: http://64.125.68.91/AL/LeasingNews/JobPostings.htm
---------------------------------------------------------------- Our “On Line” Anniversary by Kit Menkin July 10,2000 Leasing News started on line in text format. This originally was more of a “e-mail” to friends and acquaintenances that was sent to a relatively small mailing list, but passed around. As the address book grew, all from referrals, when it got to over a 1,000 readers, it was time to make it more “serious.” Sometimes it was more fun, such as asking readers what year and kind of car they drove, or the so-called wrestling match between Ken Goodman and Bob Rodi, and often the language was of the street. Due to the liabilities, we incorporated, built a web site, and on July 10,2000, placed our first edition “on line:” Our mission has been: Independent, unbiased, and fair news about the leasing industry. Our ideals are from Joseph Pulitzer's retirement speech on April 10,1907: (The Mission of “The World” newspaper) “An institution which should always fight for progress and reform; never tolerate injustice or corruption; always fight demagogues of all parties; never belong to any party; always oppose privileged classes and public plunder; never lack sympathy with the poor; always remain devoted to the public welfare; never be satisfied with merely printing the news; always be drastically independent; never be afraid to attack wrong, whether by predatory plutocracy or predatory poverty.” http://two.leasingnews.org/archives/July/7-10-00.htm You will find in the above URL our first edition on line edition, which also announced the members of our Advisory Board: Bob Baker , Wildwood Financial “The List” then was composed of 36 companies. The top story of the day: “First Sierra Stock (Sierra Cities) Monday Hits All Time Low of 2 7/8 “ On the Complaint Bulletin Board: “Universal Capital Service 7/5 We had other news that day such as: “(The popular former Colonial Pacific Leasing) Dennis Doyon leaving (the ebroker company of) Total Funding to go to work at Commercial Money Center.” Here is a recap: This started as e-mail to friends, then was passed around, and we came on line July 10,2000. August 9,2002: we went from “text” to an “HTML” web edition. January 6,2003: classified ads. They were all free in the beginning until we had over 110 “help wanted” ads, almost all from brokers looking for independent, mostly commissioned sales personnel. June,2004, in addition to the text version, we started sending out an “HTML” version with graphics and sound. We experimented also with a “live” e-mail program, along with a “chat forum.” July, 2004 the text editon ended as keeping the address book for both was too much work. April 24,2005 started Constant Contact edition via eMail, which relieved us of taking care of the address book, plus gave us other graphic abilities. May 20,2005, we started banner ads. We have come a long way from the start. We continue to make improvements, other features and projects---all we need is the time to complete them, as this continues to be a “part-time” operations for all those involved. A special thanks to Maria Martinez-Wong ( who does all the graphics, plus designs the help wanted and banner ads) and Brian Wong, both who have been with Leasing News since the start (Brian now posts the web site edition at 1am PDT. plus verifies the “free” classified ads every 30-to 45 days, and does Web Trend analysis.) I would also like to thank our previous advisory board members, and especially our current advisors:
-------------------------------------------------------- Classified—Help Wanted Account Executives
Account Representatives & Sales Coaches
Lease Administrator
Lease pricing division economic analysis / analytical support
Tax Manager
---------------------------------------------------------------- Reader Finds CMC's Hanson and Fisher Leasing News had an “alert” and also asked readers Money Center, headed by Ron Fisher, DCC. “Any info on Ty & Bill Hanson of Conrad & Associates, Carlsbad Ca. 92008. I think my investment of 50k is no more. Got $500 a month or 12% return for 2004. Got January 05, but none for this month. All phones etc off!!! Sold me a Promissory note. “Can you recommend any authority to call?” (copy of letter) http://leasingnews.org/PDF/Conrad&Associates.pdf Leasing News in February and March asked readers if they knew where they were located so we could hear their side of the story. We attempted to contact them. We have confirmed the telephone numbers, including Bill Hanson's personal cell telephone, are disconnected or do not answer also. We contacted old associates who knew Bill and his “unofficial adopted” son. One person told us he may have moved back East. He reportedly was last working out of Ty Hanson's apartment, where he was also living. Many may remember him as vice-president of Commercial Money Center, in charge of sales and broker relationships: http://www.leasingnews.org/Conscious-Top%20Stories/CMC_stories.htm The List published on Friday brought this communication (and permission was given to print in entirety.) “Name = Janice Berner Comments or Questions= You have had some complaints about \"Conrad & Associates\" scamming people out of 50K investments on leases, and people have not been able to find Mr. Hanson or Mr. Fischer. FYI, Mr Fisher keeps a condo at the \"Sterling\" on Tierra Verde, Florida (in my neighborhood) and visits here monthly. If anyone would like to look for him, he is very easy to find! He also scammed my father out of 50K so I am happy to help anyone make Ron Fisher held responsible for his debts. “For anyone who wants to find them, Mr. (NOT Dr - he is a fake) Fisher spends a lot of his time at his Gulf front Condo in Florida, 1100 Pinellas Bayway, #H4, St. Petesburg, FL 33715. He and Mr. Hanson are easily found while they live in luxury, keeping a large yacht while scamming others out of millions. Go find them!” ---------------------------------------------------------------- ---------------------------------------------------------------- Unrelenting Mortgage Growth Seen for Rest of Year ABSnet Worldwide issuance of asset- and mortgage-backed securities remained on a tear throughout the first half of 2005, and market players see no signs of a slowdown. The bullish expectations contradict early-year predictions by industry participants, who believed that a two-year blitz of deals from mortgage and home-equity lenders would finally taper off during the latter part of 2005. The reason they're backtracking now: Interest rates on home loans remain incredibly low, even through the Federal Reserve has been boosting short-term rates. "I don't see anything that's going to change in the second half," said Adam Garfinkle, head of Banc of America's securitization-underwriting group. "Our clients' pipelines still appear to be strong and robust." Across-the-board growth for issues of asset-backed securities, residential and commercial mortgage bonds, and collateralized debt obligations propelled worldwide securitization volume to $922 billion during the January-June stretch, up 33% from $693 billion a year earlier and roughly equal to the full-year tally from 2002, according to Asset-Backed Alert's ABS database. At that rate, the 2005 issuance count should easily eclipse the record $1.4 trillion of structured-finance transactions completed last year. So when will the market's expansion fizzle? Some say when long-term interest rates rise or home prices fall - both of which are bound to happen eventually. Outside forces such as unemployment, oil prices or terrorism could also have an effect. Nonetheless, "we're figuring that things are going to keep on pace [until yearend]," said Mark Adelson, Nomura's head of asset-backed research. As was the case last year, various home-loan securitizations were at the center of the action - with $568 million of first-half volume. And it's no coincidence that Lehman Brothers, one of the most active underwriters of such deals, leads the global bookrunning race (see table on Page 7). The bank had managed $85.6 billion of securitizations around the world as of June 30, widening a slim lead it held over its rivals at yearend 2004. Citigroup, last year's fourth-place underwriter, now trails Lehman by $15.3 billion. Royal Bank of Scotland, Morgan Stanley, Credit Suisse, Bear Stearns, and Merrill Lynch are running close behind, each with at least $60 billion of first-half assignments. Lehman is also dominating the growing U.S. asset-backed market, which is heavily driven by home-equity loan and subprime-mortgage securitizations. It managed $45.3 billion of the $409 billion of deals that registered for that portion of the league table, which excludes CDOs, prime-quality mortgage deals and commercial MBS. Citi was also Lehman's closest rival in the U.S., followed by Morgan Stanley, Credit Suisse and Countrywide Securities. If those banks didn't receive credit for deals that they underwrote for affiliates, however, Citi would be the number-one underwriter in the U.S. Lehman would fall to second place. Credit Suisse and BofA, on the other hand, would fare better (see tables on Page 9). Growth was also substantial for U.S. deals backed by prime-quality mortgages, where Bear Stearns maintained its traditional lead by underwriting $31.6 billion of the $220 billion of offerings that hit the market. Number-two RBS Greenwich Capital, however, is rapidly advancing (see table on Page 10). Morgan Stanley, meanwhile, is sitting on a commanding lead in Europe, where mortgage-related activity actually decreased but overall volume rose marginally to $138 billion. The bank, which racked up $14.8 billion of year-to-date league-table credit in the region, was in fifth place at yearend. Deutsche Bank is now in second place, while last year's market leader, Citi, is in the number-seven slot. Barclays Capital and J.P. Morgan Chase also dropped out of the top five, leaving room for Lehman, Societe Generale and Merrill to move in (see table on Page 11). In the global CDO market, Merrill was tops. It led $13.4 billion of new deals, just edging out Citi. They were among 27 underwriters that completed $82.4 billion of CDOs during the first half, up from $49.1 billion a year ago (see table on Page 13). Growth was strong in the global commercial MBS market as well, where $115 billion of deals hit the market. Asset-Backed Alert's structured-finance tally accounts for all securitizations worldwide. It excludes securities sold through commercial-paper conduits and the derivative portions of synthetic deals. ---------------------------------------------------------------- Robert C. Neptune, President, De Lage Landen Public Finance To Participate in Lessors Network Annual Showcase Robert C. Neptune, President, De Lage Landen Public Finance (DLLPF) has been scheduled to participate in the Lessors Network Annual Showcase on August 24-25 from the Ritz-Carlton, Buckhead hotel in Atlanta, GA. Roundtable - Norvergence - What Have We Learned? Moderator - Robert C. Neptune | President | De Lage Landen Public Finance What have lessors learned from the collapse of Norvergence, Inc.? Panelists will address relevant facts about the Norvergence debacle, the history and role of critical legal principles embodied in traditional lease procedures and the prospect of legislative oversight of the equipment leasing industry. The Lessors Network Annual Showcase The Power of Unconventional Thinking August 24-25 | The Ritz-Carlton, Buckhead | Atlanta, GA Return For additional information, visit www.lessors.com ----------------------------------------------------------------- Leasing Association Conferences—Fall, 2005 Eastern Association of Equipment Lessors Information on the key speakers: ------------------------------------------ National Assocation of Equiment Leasing Brokers ----------------------------------------- United Association of Equipment Leasing for more information, please go here: -----------------------------------------
Equipment Leasing Association A non-member who has not attended the conference before is invited Registration and all information about the Annual Convention are now available on-line at http://www.elaonline.com/events/2005/annconv/ ---------------------------------------
----------------------------------------------------------------- #### Press Release ##################### Commerce Bank Announces Five-Year Growth Plan; Bank sets goal of EAST PENNSBORO TOWNSHIP, Pa.--( Commerce Bank/Harrisburg, NA, the sole banking subsidiary of Pennsylvania Commerce Bancorp Inc. (NASDAQ:COBH), announced a five-year growth plan to more than double its branch network to as many as 55 stores and increase its deposits to more than $4 billion by 2010. Commerce Bank/Harrisburg currently has 25 stores in five Pennsylvania counties and plans to expand its network to 28 offices by year-end, with openings in North Cornwall Township in Lebanon County, and Wyomissing Borough and Cumru Township in Berks County. Thereafter, the bank plans to open four to six new stores in each of the next five years. Like all Commerce offices, the stores will offer seven-day branch banking and free checking, along with other amenities like Commerce's free interactive Penny Arcade coin-counting machine. "As we look ahead, we will adhere to the retail model that has driven our growth and success for the past 20 years," said Chairman, President and CEO Gary L. Nalbandian. "We will keep working relentlessly to deliver an unsurpassed service experience. We will continue to pioneer new ways to make banking even more convenient. We've never considered ourselves a conventional bank, and we aim to prove that to the people and organizations we serve every day. "We are tremendously excited about our plans for growth. In the coming years, we expect to further fill in areas between existing stores and expand our footprint into neighboring counties and regions. The next new area for us will be Lancaster beginning in 2006." A Commerce Bank retail store generally requires as many as 20 full- and part-time employees. In conjunction with the bank's growth plans, other new hires will include lending officers and operations personnel. Commerce currently employs more than 740 people throughout Central Pennsylvania and Berks County. To accommodate the bank's growth, a new headquarters, operations and training center, "Commerce Center," is under construction at the TecPort Business Center in Swatara Township, Dauphin County. When completed, the 56,000 square foot, two-story facility will house operations and support services departments including the bank's 24/7 live customer service call center. The building also will house consumer, commercial and mortgage lending operations for the bank's East Shore and West Shore regions in Harrisburg. Additionally, it will be home to Commerce University, the bank's in-house training and education program, which offers more than 50 courses and last year topped 2,900 enrollees. Pennsylvania Commerce Bancorp's performance is marked by rapid growth, increasing profitability and excellent financial returns to shareholders. Over the last five years, assets, deposits and loans have grown on average 28%, 27% and 23% respectively. Total revenues, net income and net income per share have increased 26%, 23% and 18% respectively. Commerce Bank/Harrisburg, "America's Most Convenient Bank," opened its first office in Camp Hill, PA, in June of 1985. In the 20 years since, the bank has cultivated a unique retail model that has produced continuous strong growth. The bank has doubled its number of branches in Pennsylvania in recent years, growing a network of 25 stores in Berks, Cumberland, Dauphin, Lebanon and York counties. Commerce's hallmark products and services include seven-day branch banking, totally free checking, no-fee instant-issue ATM/Visa check card, free interactive Penny Arcade coin-counting machines, free online banking and 24/7 Bank-by-Phone. In addition to retail banking, Commerce offers a diverse portfolio of commercial banking services including installment and term loans, commercial mortgages, commercial leasing and lines of credit, and cash management services. Commerce Bank/Harrisburg currently has assets of $1.4 billion. For more information about Commerce Bank/Harrisburg, visit the bank's web site at commercepc.com. Pennsylvania Commerce Bancorp Inc. Jason S. Kirsch, APR, 717-612-3537 jason.kirsch@commercepc.c #### Press Release #####################
E-Commerce Web Sites Use StrikeIron's Sales & Use Tax Web Service to Improve Customer Service; Real-Time Access to Sales Tax Information Ensures Accurate Results Saving Companies Time and Money RESEARCH TRIANGLE PARK, N.C.--( StrikeIron Inc., developer of the innovative StrikeIron Web Services Business Network(TM) (WSBizNet(TM)) to simplify working with Web services, today announced that Ontario Credit Corporation, a leasing company and Minigrip/Zip-Pak(R), a manufacturer of plastic bags, are saving time and money by taking advantage of StrikeIron's Sales & Use Tax Premium Web service. The StrikeIron Sales & Use Tax Premium Web service allows users to instantly receive the rates for any zip or postal code in the United States. Technotribe, the Web development company for Minigrip/Zip-Pak(R), was in the process of implementing the e-commerce site to allow the manufacturer to sell their resealable bags online directly to the consumer and learned that their shopping cart could not address the sales and tax issue for all 50 states. StrikeIron's Premium Web service was able to conveniently integrate into their shopping cart with only minor modifications. "Minigrip/Zip-Pak would not have been able to sell their standard and special-use bags online if we weren't able to manage the taxes in real-time through the use of StrikeIron's Sales & Use Tax Web service," said Jack Clark, project manager at Technotribe. "StrikeIron's support was excellent in helping us to work through technical issues on our end during integration." Ontario Credit Corporation faced a similar problem. With sales tax rates constantly changing all over the United States they faced the challenge of constantly updating this information. The company subscribed to another monthly download tax update service but found that the tax rates seemed to at least 30 days behind. Since Ontario sells equipment all over the U.S. they needed an instant and accurate service that was easy to use. "With StrikeIron's Sales & Use Tax Web service, I enter the zip code and instantly receive the accurate sales tax rate," said Robin McMillen, controller at Ontario Credit Corporation. "We are able to charge our customer the correct tax, saving our company time, effort, and money. StrikeIron has enabled our sales tax department to provide accurate reporting to the sales tax jurisdictions." The StrikeIron Tax Data Systems Sales and Use Tax Premium Web Services provide a programmatic interface to live sales and use tax data provided by Tax Data Systems. Simply supply a zip or postal code and it will be instantly matched to the general sales and use tax rate levels for the state, county, city, MTA, SPD and more. The tax data is then delivered live via an XML-based Web service directly into any application, platform, product, or Web site. In addition, StrikeIron handles all the tax updates and the changes are seamless to the user. For more on this service, visit http://www.strikeiron.com/htmls/pws_taxdata_combined.aspx "We are dedicated to providing the most reliable and trusted commercial Web services on the market today," said Bob Brauer, president and co-founder at StrikeIron. "These customer success stories are the very reason that our team works hard everyday to ensure that we continue to provide valuable data via Web services." About StrikeIron Based in Research Triangle Park, NC, StrikeIron, Inc. is the leader in Web services commercialization with its break-through StrikeIron Web Services Business Network(TM) (WSBizNet(TM)). WSBizNet provides an online commerce marketplace for providers and users to come together and easily publish, find and subscribe to commercial Web services. The WSBizNet Web services directory is the world's largest and includes the StrikeIron Premium Web Services providing the most reliable and trusted commercial Web services available in the market. The Aurora Funds, Inc. provided funding for StrikeIron after recognizing the significant opportunity presented by Web services and this unique management team. For more information, visit www.strikeiron.com. StrikeIron, StrikeIron OnDemand Web Services, Web Services Business Network and WSBizNet are trademarks of StrikeIron, Inc. All other brands or product names are the property of their respective holders. Windows, MS Excel and all related Microsoft software and logos are registered trademarks, property of Microsoft. StrikeIron, Inc. Jane Foreman, 919-405-7010 news@strikeiron.com or SRK Communications Kristi Lee, 919-754-9511 kristi@srkcommunications.com ###### Press Release ################## News Briefs---- Sharp Increase in Tax Revenue Will Pare U.S. Deficit Big Shift in China's Oil Policy Fla. residents assess hurricane damage HP Improved printers part of revenue-raising plan American Airlines plans its longest nonstop route, to India Amtrak restores limited high-speed service Law could trigger Chapter 11 surge Survey: Mo. is No. 1 in slacking at work 25 years later, 'Pac-Man' chomps on ---------------------------------------------------------------- Sports Briefs---- Armstrong Starts Ascent to Another Title Nicklaus Seeks Surprise Finish to Close the Book ---------------------------------------------------------------- California News Briefs--- Governor signs $117 billion budget ---------------------------------------------------------------- “Gimme that Wine” Chardonnay, Wine's whipping boy is top seller Grape scientists descend on St. Louis for wine summit Iowa Has 42 Licensed Wineries Alexander Valley Vineyard ---------------------------------------------------------------- This Day in American History 1729—Birthday of Minuteman John Parker. “Stand your ground. Don't fire unless fired upon, but if they mean to have a war, let it begin here.” Captain John Parker to the company assembled on Lexington Green. ---------------------------------------------------------------- Baseball Poem Bases yanked. Section by section, ------------------------------------------------------------------------------- | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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