Thursday, June 5, 2003 Headlines--- Pictures from the Past---1997-----Fred Van
Etten Classified
Ads---Testimonial from Roger Medvin Irwin
Business Finance Says, "No More Broker Business." Abacus
Sues Leasing News et al--Up Date No
News is Not Good News for CapitalStream Last
Day---Free Online Webcast---Manage You Lease Portfolio Northern
and Southern California UAEL Meetings GrantStreet.com
for Municipal/Government Leasing Alta
Group Launches Financial University NetBank
Appoints Eula L. Adams To Its Board Warren
Capital Promotes Scott Shapiro XTRA Acquires Assets of Leasing USA Wm.Scotsman
of Canada/AFA Mobile Office Biz Sales
Tax Compliance "Taxability Tool" GATX
Technology Creates Strategic Advisory Services Team Reports
of an eMail Attachment Highlights
This Day in American History This Border ##### Denotes Press Release (Not Written By Leasing
News) -------------------------------------------------------------------------------------------- Pictures from the Past---1997-----Fred Van Etten http://two.leasingnews.org/imanges_uael_wael/Fred_Van_Etten.jpg “The
man” in Houston, Texas. He recently
left Redstone Bank. News at Eleven. The
group at First Sierra/Sierra Cities considered him the “best boss” and
was very popular, according to his peers such as Charlie Lester, Mark
McQuitty, and whatever happened, Van Etten was well respected by all
sides. February
6,2002 about Mr. Van Etten: http://www.leasingnews.org/Conscious-Top%20Stories/whateverFred.htm -------------------------------------------------------------------------------------------- Classified Ads---Testimonial from Roger Medvin I am listed as *********@yahoo.com. I have accepted a position
(after many responses). Thanks for all your help. You were very helpful and obviously have a strong audience.
I think there are many sales opportunities out there. However, people
have to be willing to take a risk and work 1099. Roger Medvin Sales, credit, doc. exp.w/top communications skills.
Exp. large territory management from home office. Various industries;
golf equipment, construction, ff&e, computer related, and others.
Sales achiever. Email:David34983@aol.com Sales: Atlanta, GA. Extensive experience, knowledge and success
in the leasing industry covering several markets. Currently have a profitable
book of business. Excellent sales skills and 19BII proficiency. email:
flowageman@aol.com Sales: Atlanta, GA. Consistent top performer, results
oriented with outstanding sourcing, structuring and negotiation skills.
Direct& vendor development sales. Mid-market and above - Customers
throughout Southeast. email:w.t.dent@comcast.net Sales:Austin,Texas 24yrs exp.in equip leasing sales,
vendor/direct, leasing high- tech to rolling stock. HP12C/17B. Small-
Mid Ticket. Seeking Texas territory which can be covered from Austin
home-base. email:GeorgeMinchew@sbcglobal.net Sales: Bakersfield, CA. I have an extensive sales and management background in equipment
leasing. My work history exhibits my major strength in small ticket
equipment leasing. email: pangress@msn.com Sales: Chicago, IL. Equipment leasing professional
with 25+ years experience in sales, sales management and debt placement.
Excellent communication skills, strong credit & financial understanding.
steevo@wideopenwest.com Sales: Chicago, IL. 12+ yrs multinational/ national
sales & business development. Seeking role with captive lessor or
global leasing company. Will relo right opportunity. Experience structuring
complex transactions. email: leasingismylife@yahoo.com Sales: Denver CO. Experienced Equipment Leasing Broker looking for a in house
leasing company. Can bring a book of business with me or develop new
territory where needed. email: Steven@eagle2.net Sales: Denver, CO. 17 yr sales expr. in leasing sales (territory, NationalAccts.,
sales mgt) looking to bring experience to s sales/sales mgt role. Successful,
accountable, ethical, aggressive, results. email:lease442000@yahoo.com Sales: Detroit, MI. 16-year lease veteran looking
for opportunity in the Detroit area. Ability to bring on new accounts
and manage existing base. Up to 60% travel acceptable. email:ebonbri@aol.com Sales: Greensboro, N.C. Seeking direct & broker
sales w/major finance companies in NC or southeast market. Small to
mid- ticket range. Stable &family oriented. Will have series 6,63,65
license shortly. email:kc1492@aol.com Sales: Hartford, CT. 10+ yrs leasing sales exp.; multi-industry,
small-large ticket, Direct, Vendor, and Captive exp. Seeking sales position
with captive or independent company with equity investment capability.
email: bcurt95@aol.com Sales: Louisville, KY I have been in leasing/financing of construction, machine
tool, and mfg equipment for 20+ years. Traveled KY, IN, OH and TN.Email:kyle90@msn.com Sales: Minneapolis, MN. 10+ yrs Equipment Leasing
in Upper Midwest. Investment Grade Database. Previous vendor/small/middle
market exp. Super Trump, 17B & account database exp. email: golfadm@yahoo.com Sales: Mission Viejo, CA Account Sales Executive with 10 years of leasing experience
looking for company to bring existing customer base.Email:makelly21@hotmail.com Sales: Orange County, CA. 20 yrs. in leasing. Skilled,
persistent marketing rep. Great closer on deals from $100K to $5MM.
Looking for middle market company. email: pauldriscoll1@lycos.com Sales: Orange County, CA. Skilled deal-closer at above-average rates. Entrepreneurial.
Accomplished lease-structurer specializing in transportation. Exp. in
direct/captive & syndicator environments servicing vendors, brokers,
& end-users. email:originator@sbcglobal.net Sales: Philadelphia , PA Seeking an open opportunity
to advance in the automotive, commercial leasing & finance industry.........
email: alexe362002@yahoo.com
Sales: Prairie Village, KS Have substantial deal flow
and database of broker referral sources. Generated and closed over $22M
LY. Seeking exclusive relationship w/direct founder. email:fiergl@aol.com Sales: St. Louis, MO Proven equipment finance sales professional looking for a
new challenge which rewards success. Equipment type and location open
provided you want business. email:amlifter@aol.com Sales: San Francisco Bay Area, CA 10+ yrs in middle market leasing. Seek direct lessor only.
Transaction size from $500M to $10.0MM. Client base: printing, food,
retail, hvy manufacturing. Email:edm173@sbcglobal.net Sales: Scottsdale, AZ. 19+ years in middle-market-leasing. Concentrations in Medical/Manufacturing/
IT& General in multiple geographic territories. Well versed in direct
calling& closing efforts to C-Level& subordinate management.
email:bill_peter@msn.com Sales: Stuart, Fl. 17 years exp. leasing in small ticket and large
ticket, portfolio management exp. along with sales management and administrative
background, strong sales and marketing skills. email: sales@rvcglobal.com Sales: Tampa, FL. 27 years experience. Very adept
in bank lease programs and direct sales in MM/LT. Looking to re- enter
the industry. Will relocate to Texas. Hungry. email: cwilliams@triit.com Full list at: http://65.209.205.32/LeasingNews/JobPostings.htm ------------------------------------------------------------------------------------------- Irwin Business Finance Says, “No More Broker Business.” “Effective June 30, 2003 Irwin Business Finance will no longer
be accepting new broker originated transactions. We will continue to fund each Broker's approved backlog. “No additional changes have been made to Irwin Business Finance's
business strategy. We will
continue to focus our portfolio origination strategy on vendor direct and stream specific transactions.” Laurie A. Bakke Executive Vice President Irwin Business Finance Corporation Laurie.Bakke@IrwinBF.com According to their website, http://www.irwinbf.com/irwinbf.asp, "Irwin Business Finance funds and services small ticket
(up to $300,000) equipment leases nationwide. "Founded in 1871 in Columbus, Indiana by Joseph Ireland
Irwin, Irwin's Bank was the genesis of Irwin Financial Corporation,
a thriving group of interrelated financial services companies. "Irwin Financial Corporation has grown through solid
business practices and innovation. From introducing one of the first
credit cards to the nation in 1953, to installing Columbus' first cash
machine in 1972, to chartering Irwin Business Finance in 1999 to harness
the power of the Internet for its customers, Irwin has been a leader
in the financial services arena." For the full history: http://www.irwinfinancial.com/cp-set.html ------------------------------------------------------------------------------------------- Abacus Sues Leasing News et al--Up Date Mathew Burke of Abacus Leasing, Buffalo, New York, asked
for another continuance. He filed
the suit after Leasing News posted a complaint about his company ( the
applicant states Burke did not return the $50,000 deposit as per the
terms and conditions of a signed commitment letter by both parties.)
Burke refused to comment on the matter to Leasing News, and instead
brought a suit charging $5 million in slander.) In regards to the Bulletin Board Complaint, Leasing News
requested many times to hear his side of the story, and print any comments
he might have, which he refused to comment on several occasions by telephone
and e-mail. A copy of the signed commitment letter was posted with the complaint. Oral arguments regarding jurisdiction were originally scheduled
for May 8, 2003 in the County of Erie before Judge Donna Siwek, and
a postponed was granted until June 5,2003, where Mr. Burke has again
asked for an additional 30 day postponement. Leasing News is willing to quote comments from Mr. Burke
as per our written policy of fairness, accuracy, and netiquette ( stated
at the end of each Newsletter and on our website:
http://www.leasingnews.org/policy.htm.
He has refused to do so.) Readers not familiar with the story, please go here: http://www.leasingnews.org/Conscious-Top%20Stories/abacus_sues_LN.htm http://www.leasingnews.org/Conscious-Top%20Stories/abacus.htm http://www.leasingnews.org/Conscious-Top%20Stories/abacus-letter.htm -------------------------------------------------------------------------------------- No News is Not Good News for CapitalStream The bidding continues with CapitalStream’s offer for the
purchase of Decision Systems stock. http://www.prices.londonstockexchange.com/info.asp?sedol=0216874 No comments from questions
raised by readers and Leasing News to CapitalStream CEO Kevin
Riegelsberger: : “We are sorry, but we cannot answer questions during the
offer period due to legal restrictions. Please refer to the public documents
for detail and to our website for new information. Thank You- Karen Robert Thorsen PR/Marketing Manager, CapitalStream 206-548-1703 ( The United Association of Equipment Leasing lists International
Decision Systems as have 439 employees. The description of services states:” International Decision Systems (DS) is a global market leader in developing
lease accounting, portfolio management, and wholesale/floor plan financing
software and services. IDS serves over 500 independent, bank-related,
capitve leasing and financial services companies worldwide from office
sin Basingsoke (UK), Hursley (UK), Boston (USA, Minneapolis(USA), Sydney
(AUS) , and Singapore.” (Capital Stream has 53 employees, and description of services:
“CapitalStream automates, distributes, and manages commercial leases,
loans, credit cards and lines of credit.
Whether you’re a finance company, bank, lessor or manufacturer,
our flexible commercial finance automation platform streamlines transaction
workflow—from front office sales and origination to back-off credit
processing and documentation. You gain access to more business. Make
quick credit decisions. Process deals faster, improve risk management.
And build more profitable relationships.” (The former chairman, Cliff Monlux, and John Kruse, VP of
Account Development, have reportedly started another company, non-software, but in the service to leasing companies for auxiliary methods
of income.)
Cartoon----Wall Street http://two.leasingnews.org/cartoons/WALLST.jpg ----------------------------------------------------------------------------------- Last Day---Free Online Webcast---Manage You Lease Portfolio Noon-California Time----3:00
pm EST D&B and Fair
Isaac Host a Free Online Webcast to Help You More Effectively Manage
Your Small Business Lease Portfolio. = As a Lessor, you have your unique portfolio management challenges
– to make portfolio syndication an efficient and profitable process,
to adhere to regulatory compliance requirements, and to improve the
overall quality of your assets. When you deal with small businesses,
these challenges can intensify. D&B and Fair Isaac Corporation – partners in small business
risk management and leaders within the Financial Services industry –
can help you. We are pleased to introduce the Small Business Risk Portfolio
Solution, a complete small business scoring and portfolio segmentation
solution that can help you strategically manage your small business
portfolio. Some of the benefits you can realize by incorporating the
Small Business Risk Portfolio Solution into your current processes are: Accurately Assess Risk across your entire small business
portfolio, with nearly 100% resolution of your small business decisions
based on D&B’s vast commercial database, consumer data from TransUnion,
and your own internal performance data Prioritize Collection Activity with statistically proven
models along with your own account performance behavior to identify
your high risk accounts before they become seriously delinquent Satisfy Regulators, Syndicators and Investment Bankers with
the ability to quantify and segment the risk in your portfolio and demonstrate
that you are making consistent and objective decisions Accurately Forecast Expected Losses to ensure you are carrying
sufficient reserves and pricing for risk Identify Your Best and Worst Accounts with our powerful portfolio
segmentation, and make the appropriate credit policy decisions immediately
on vendors, equipment types, sales regions, etc. Reduce Costs of Full-Scale Annual Reviews by monitoring your
portfolio and prioritizing risk at the account level Thursday, June 5th at 3PM EST To register, please visit the following website:
***announcement*************************************************** Northern and Southern California United Association
of Equipment Leasing Meetings THURSDAY, JUNE 12, 2003 UAEL NORTH BAY REGION NETWORKING EVENT 5:00 pm to 7:00 pm Great View, Great Hors d'oeuvres, Great Company Meet with your leasing peers and friends, and exchange ideas
and plans for the future. Paul Weiss of IconCapital will be there. He
recently announced putting together $100 million. Valhalla Restaurant 201 Bridgeway, Sausalito, CA Tel: 415-331-9463 No-host bar Members of UAEL and other leasing organizations $35.00 Non-Members $45.00 Registration: UAEL 760-564-2027 or on-line at www.uael.org ----- UAEL Southern California Region Presents "Hot Topics" Roundtable Date: Thursday June 26, 2003 Time: 2:00 PM – 4:00 PM Location: Conference Room Quail Capital 2310 West Victory Blvd. Burbank, CA 91506 (818)-843-8686 EXT 23 Join us for a "Grass Roots" Roundtable Event to
discuss current and arising issues in our Industry! Please RSVP by Monday June 23rd by emailing Gina Iacono at
giacono@westoverfinancial.com A Special Thank You to Quail Capital for allowing us to use
their conference facility. Event Hosted by UAEL Southern California Regional Committee: Mohammed Ahsan, Barbara Griffith, Gina Iacono, Tom Mulally,
Russ Munson, Larry Turner Please contact Mohammed Ahsan @ 818.843.8686 ext. 23, Tom
Mulally @ 818.784.8700 or Gina Iacono @ 714.834.0127 ext. 102 with questions.
****announcement*********************************************
-------------------------------------------------------------------------------------------- GrantStreet.com for Municipal/Government Leasing http://www.leasingnews.org/PDFFiles/GrantStreet.2.pdf ---------------------------------------------------------------------------------- #### Press Release ######################################### The Alta Group Launches Financial University To Empower Sales Reps Selling Financial Services GLENBROOK, NEV--The Alta Group, a global consulting firm
serving the equipment leasing and finance industry, has launched
a dynamic sales training program called Financial University. Developed for
equipment manufacturers and vendors, it is designed to help their representatives
to sell more, shorten the sales cycle, expand distribution channels
and strengthen customer relationships. Financial University does more than demystify the intricacies
of lease transactions and tax and accounting regulations, it trains
personnel to incorporate the sale of financial services into every transaction
and use financing strategically as a tool to better serve customers,
improve the acquisition process and sustain customer relationships. Financial University programs are custom-tailored to the
vendor and manufacturer needs, taking into account a company's sales
process, lease penetration rates, sales team capabilities, compensation
structure and business goals. Alta also considers a company's tax position
and the value, life span and unique qualities of the equipment it sells
in developing a training program. The goal is to create a training program
relevant to the sales force's experience using information that is interactive,
demonstrative and memorable. Jack Asinger, a training professional with more than 25 years
experience, directs the programs. With a keen understanding of the sales
continuum, Asinger differentiates between the training needs of back-office
personnel and the needs of field sales representatives and senior account
leaders. Before joining The Alta Group, Asinger served as president
of Computer Acquisition Strategies (CAS), a consulting and financial
education business he founded in 1989. He taught CAS client personnel about
the full spectrum of acquisition alternatives and how to choose a strategy
based on their specific situation. Before
CAS, Jack enjoyed a long and distinguished career with the IBM Corporation, where he held a number of
managerial and executive positions in marketing and finance. There he created
The Financial College, a sales training program used corporate
wide. -30- About The Alta Group The Alta Group (www.thealtagroup.com) is based in Glenbrook,
Nevada, and is a leading source of corporate consulting and advisory services,
education, and training to the global equipment leasing and finance
industry. It is composed of 18 professionalsformer CEOs, company founders,
and industry organization leaderswho collectively have more than 350 years
of experience. The company was founded in 1992 by Norm Chapman,
John Deane, John Giddens and Bill Montgomery. #### Press Release ############################################# NetBank, Inc. Appoints Eula
L. Adams To Its Board of Directors; Adams, a CPA, Brings More than 25
Years Of Specialized Financial Services Experience to the Company ATLANTA----NetBank, Inc. (Nasdaq:NTBK),
parent company of the country's first commercially successful Internet
bank, NetBank(R) (www.netbank.com), today announced that Eula L. Adams
has joined its 11-member board of directors. The board's Corporate Governance
Committee recommended Adams as a candidate after completing a candidate
search and preliminary interview process. The company's full board voted
unanimously to approve his appointment, citing his extensive background
in financial services and his experience as a certified public accountant. "Eula is the ideal person
to serve on the board during this stage of the company's evolution,"
said Douglas K. Freeman, chairman and chief executive officer. "By
having an additional CPA on the board, we gain further depth in financial
and audit-related skills. Eula also has an extensive background in data
and payment processing for the financial services industry. His insight
will prove invaluable as we continue to develop this side of our own
business, which we believe has tremendous growth potential." "I have long respected NetBank
for its innovation and forward thinking," Adams said. "The
company truly represents the future of banking. I think the current
board has done an exceptional job of positioning the business for further
growth. I look forward to contributing to its continued success." Adams has served as senior executive
vice president of First Data Corporation for more than 10 years. In
February 2000, he was named president of First Data Resources and Teleservices,
two affiliates of First Data Corporation. First Data Resources is the
largest third-party processor of Visa(R) and Mastercard(R) credit, signature
based and retail card accounts in the world. Teleservices provides outsourced
and in-sourced call center support - such as operator services, directory
assistance and multilingual customer support - primarily to the financial
services and telecom industries. Adams's formal education includes
a bachelor's degree in accounting from Morris Brown College and a master's
degree in business administration from Harvard Business School. His
professional affiliations include membership in the American Institute
of Certified Public Accountants, Colorado Society of Certified Public
Accountants and the National Association of Black Accountants. Fortune
recognized him on its list of the "50 Most Powerful Black Executives"
in August 2002. Adams fills the vacancy left by
Donald S. Shapleigh, Jr., who did not seek re-election to the board
at the company's annual shareholders' meeting in April. Adams's term
of service expires next year. Election to a longer term will be subject
to shareholder approval at the 2004 shareholders' meeting. About NetBank, Inc. NetBank, Inc. (Nasdaq:NTBK) operates
with a revolutionary business model through a diverse group of complementary
financial services businesses that leverage technology for more efficient
and cost-effective delivery of services. Its major subsidiaries include
NetBank(R) (www.netbank.com), the country's first commercially successful
Internet bank; RBMG, Inc., a wholesale mortgage lender that generates
residential mortgages through a nationwide network of independent brokers
and correspondent lenders; Market Street Mortgage Corporation, a retail
residential mortgage lender that conducts business in 39 states; Meritage
Mortgage Corporation, a wholesale mortgage lender that originates non-conforming
residential mortgages through a nationwide network of independent brokers;
Republic Leasing Company, Inc., a wholesale originator and servicer
of commercial business equipment leases; and NetInsurance, Inc. (formerly
known as RBMG Insurance Services, Inc.), an online insurance agency
representing some of the nation's leading insurance companies. NetBank
is a Member FDIC. NetBank, RBMG(R), Market Street Mortgage(R) and Meritage(R)
are Equal Housing Lenders. CONTACT: NetBank, Inc., Atlanta Rich Jeffers, 678/942-7596 SOURCE: NetBank, Inc. #### Press Release ########################################## Warren Capital Promotes Scott
Shapiro
Warren Capital Corporation announces the promotion of Scott Shapiro
to Assistant Vice-President - Operations.
His new responsibilities will include financial and credit analyses,
debt placement and contract operations.
Previous he was Manager of Operations and Finance for the ZipLease
Division.
Scott joined Warren Capital in 2001.
He is a graduate of Boston College with degrees in Finance and
Information Systems. WARREN CAPITAL CORPORATION
Warren Capital Corporation is a 20-year old specialty finance
company that provides equipment finance and asset based lending services. It has completed over $750 million of financing transactions for
over 2,000 growing businesses in the West.
Offices are located in Novato and Emeryville.
For additional information on Warren Capital, contact Helen Severietti
at 415/898-1875, email helen@warrencapital.com
or visit our website: www.warrencapital.com ### Press Release ############################################## XTRA Corporation Acquires Assets
of Leasing USA, Inc. WESTPORT, Conn.,-- XTRA Corporation
announced today that it recently acquired certain transportation equipment
assets of Leasing USA, Inc., a subsidiary of Gainey Holdings, Inc.
The purchase price was not disclosed. Bill Franz, President of the XTRA
Lease division, said, "Acquiring the trailers of Leasing USA will
enhance our equipment pool and bolster our ability to serve our customers
through our street corner strategy." Lewis Rubin, President and Chief
Executive Officer of XTRA Corporation, stated, "These assets fit
well with our existing over-the-road trailer operation, and this acquisition
is consistent with our growth strategy." XTRA Corporation, a Berkshire Hathaway
company, leases, primarily on an operating basis, over-the-road trailers,
marine containers and intermodal equipment, including intermodal trailers,
chassis and domestic containers. SOURCE XTRA Corporation CO: XTRA Corporation; Berkshire Hathaway Inc.; Leasing USA, Inc.; Gainey
Holdings, Inc. ST: Connecticut, Nebraska Web site: http://www.xtralease.com ##### Press Release ########################################### Williams Scotsman of Canada Acquires
Mobile Office Business of AFA Locations Inc. CALGARY, Alberta, -- Williams Scotsman
of Canada, Inc. has purchased AFA Locations Inc., a Montreal, Quebec-based
company that specialized in the sale and leasing of mobile and modular
offices. Williams Scotsman, already
a leading mobile office and storage product provider throughout North
America, will be acquiring approximately 300 units in its acquisition
of AFA. (Logo: http://www.newscom.com/cgi-bin/prnh/20030603/PHTU045LOGO) Alec McDonald, General Manager
for Williams Scotsman of Canada, stated, "AFA's reputation for
the excellent quality and flexibility of their mobile office products
are a perfect match with Williams Scotsman's business model. The additional
product will allow us to better serve our customers in Eastern Canada." McDonald is very pleased with the quality offered
by the AFA product line. "We
pride ourselves on offering our customers only top-quality units. The
AFA fleet we're acquiring is of recent vintage, built to AFA's strict
manufacturing standards and will fit in well with our existing rental
fleet." Williams Scotsman, Inc., headquartered
in Baltimore, Maryland, operates a fleet of over 90,000 mobile office
and storage units that are leased through a network of more than 90
locations throughout the United States and Canada. The company serves
over 25,000 customers in approximately 460 separate industries. In addition to its core leasing business, Williams
Scotsman also provides delivery, installation, refurbishment and other
services to its leasing customers and sells new and used mobile office
products. For more information, please contact Joseph Vecchiolla at
410-931-6066 or via e-mail at joe.vecchiolla@willscot.com. SOURCE Williams Scotsman of Canada, Inc. CO: Williams Scotsman, Inc.; Williams Scotsman of Canada, Inc.; AFA Locations
Inc. ST: Maryland, Alberta, Quebec SU: TNM Web site: http://www.willscot.com #### Press Release ########################################### Equipment Leasing Industry Implements
Taxability Tool Spearheaded by Sales Tax Compliance Leader Tax Partners SAN ANTONIO-- Centralized sales tax matrix helps
untangle complex state and local statutes Tax professionals in the $208 billion
U.S. equipment leasing industry are gaining a critical decision making
tool through the Equipment Leasing Association's (ELA) Sales Tax Matrix
Project. Developed in collaborative partnership
with Tax Partners, LLC, the largest sales and use tax compliance service
provider in the U.S., the Sales Tax Matrix is a web-based resource providing
ELA members easy access to updated taxability information applicable
to their lease portfolios. The tool, unveiled today at the ELA Tax Executive
Roundtable, will be launched for member use in July 2003. Approximately 7,500 separate state
and local government entities levy sales and use tax (also known as
consumption or transaction tax). State governments obtain up to 45 percent
of their revenue from transaction taxes and many are seeking to soften
shortfalls caused by the economic slowdown through sales tax audits. "Equipment leasing professionals
are interested in a quick and easy starting point for determining the
sales taxability of the leasing portfolios they manage," said Jim
Musselwhite, Marketing and Alliance Manager for the Leasing Market for
Tax Partners. "This matrix helps lessors wade through the ever-changing
state and local sales taxability rules, speeding decision making by
concentrating sales taxability information in one place." Lessors using the sales tax matrix
tool can also access more in-depth support resources via its links to
relevant state sites, as well as to the ELA, Musselwhite added. Prior to the development of its
Sales Tax Matrix, the ELA had provided its members an online manual
and community discussion group that lacked the ease of use and knowledge-sharing
components found in this new matrix. According to the ELA, lessors typically
develop "home grown" sales tax matrices for which there is
no industry model and which do not contribute to the standardization
that the industry requires. "Confusion around the applicability
of sales tax statutes seems to benefit the taxing entities and penalize
the businesses that are required to collect and remit taxes on their
behalf," said Dennis Brown, Vice President State Government Relations,
Equipment Leasing Association. "This matrix will complement information
in the ELA State Tax Manual and further assist industry members with
conforming to the myriad and ever-changing rules issued by taxing authorities." About Tax Partners, LLC Tax Partners, LLC, is the largest
sales and use tax compliance service firm in the United States, processing
more than $5 billion in sales tax remittances annually for clients including
numerous Fortune 500 companies. Tax Partners' industry-accepted approach
to sales tax compliance focuses on delivering a hands-off, worry free
sales tax compliance process and providing access to information to
improve tax department processes and improving a firm's audit trail.
Companies that outsource sales and use tax compliance to Tax Partners
gain access to proprietary technology, reclaim valuable time and energy
in their tax departments, and focus on strategic tax functions that
have an impact on bottom line business performance. For more information
on Tax Partners visit www.taxpartners.com. About ELA Organized in 1961, the Equipment
Leasing Association (ELA) is a non-profit association representing companies
in the dynamic equipment leasing and finance industry to the business
community, government and media. ELA's diverse membership consists of
independent leasing companies, banks, captives, financial services corporations,
broker/packagers and investment banks, as well as service providers
such as accountants, consultants, equipment managers, executive recruiters,
insurance companies, lawyers, publishers, and software providers. ELA
promotes the leasing industry as a major source of funds for capital
investment in the U.S and other countries. Headquartered in Arlington,
VA, ELA is a national organization with more than 850 member companies
and a staff of 25 professionals. In 2003, equipment leasing is estimated
to be a $208 billion industry. For more information about ELA, visit
www.elaonline.com. CONTACT: For Tax Partners Media Contact Kevin Denver Banks, 678/781-7217 or Equipment Leasing Association Dennis Brown, 703/516-8368 SOURCE: Tax Partners, LLC ### Press Release ############################################ GATX Technology Creates Strategic
Advisory Services Team TAMPA, Fla., -- GATX Technology
recently announced the creation of a Strategic Advisory Services team
composed of Charles H. Stevens, Chief Technology Officer and Managing
Director, and Glenn Miller, Vice President of Technology. The formation
of the team allows GATX to increase its commitment to customers by providing
advisory services across the technology spectrum. In addition to consulting with
GATX Technology's leasing customers on strategies for the acquisition,
management and disposition of IT assets, Mr. Stevens and Mr. Miller
will provide unbiased research and insight covering a broad array of
technology ranging from wireless to web services to mainframes. The
Advisory Services team will also provide one-on-one consultations, executive
briefings and white papers, as well as perform selective research projects
for GATX customers. Tom McGreal, president of GATX
Technology, said, "Together, Chuck and Glenn bring wide-ranging
IT expertise to our growing base of major corporate customers. Their
experience, research capabilities and activity in the marketplace give
them a unique perspective on today's technology. Through Strategic Advisory
Services, GATX Technology brings significant value to today's IT managers
who are faced with a staggering array of technology options." Combined, Mr. Stevens and Mr. Miller
have decades of experience in the technology field. Mr. Stevens spent
the majority of his career with Comdisco, Inc., where he provided similar
strategic consulting for IT clients. Mr. Miller has held several executive-level
IT positions, most recently with Businessland and Entex. COMPANY DESCRIPTION GATX Technology is a subsidiary
of GATX Financial Corporation, a wholly owned subsidiary of GATX Corporation
(NYSE: GMT). GATX is a specialized finance and leasing company combining
asset knowledge and services, structuring expertise, partnering and
risk capital to serve customers and partners worldwide. In addition
to information technology leasing, GATX specializes in railcar and locomotive
leasing, and aircraft operating leasing. Investor, corporate, financial,
historical financial, photographic and news release information may
be found at www.gatx.com . #### Press Release ########################################## UPS Uniform Hoax eMail Alert Worldnet News Bruce Larsen, Summitfunding: Thanks for alerting me to this new hoax, to add to our hoax page at: http://two.leasingnews.org/Recommendations/virus/index.htm The UPS Uniform Hoax
Fools the Military The U.S. military is the latest victim of an Internet hoax
warning Americans to be on the alert for terrorists posing as United Parcel
Service drivers. Others who have fallen for the canard include police, corporations
and even a major newspaper. As the story goes, terrorists may have been behind a "huge"
$32,000 purchase of UPS uniforms recently on eBay and may be planning to use
them to gain access to buildings and plant bombs. Only, the purchase never took place. "There is nothing to that rumor," eBay spokesman
Kevin Pursglove told WorldNetDaily. "No transaction of this nature ever took
place." In fact, since the Sept. 11 hijackings, the San Jose, Calif.-based
online auction house has banned the listing of uniforms of any airlines
or shipping companies on its website, Pursglove notes. Atlanta-based UPS is equally annoyed about the false rumor,
which plays on Americans' heightened fears about terrorist attacks during
the war. "It's a major hoax and a royal pain," said UPS
spokesman Steve Soltis. "We've been bombarded with calls." The cybermyth, which has been circulating by e-mail since
the first of the year, has caught the attention of officers in the U.S. Air
Force, who have forwarded it to the U.S. Army, where it has been circulating
unchallenged even among intelligence personnel. One of the military warnings – under the subject line "Watch
Out!"– was recently issued under the name of Air Force Master Sgt. William
H. Stinebaugh. WorldNetDaily intercepted a copy. The text of
the bogus, albeit official-sounding, part of the e-mail he forwarded reads
as follows: "There has been a huge purchase, $32,000 worth, of United
Parcel Service (UPS) uniforms on eBAY over the last (30) thirty days. This
would represent a serious threat as bogus drivers can drop off anything to
anyone with deadly consequences. "If you have ANY questions when a UPS driver appears
at your door, they should be able to furnish VALID I.D. Additionally, if someone
in a UPS uniform comes to make a drop off or pick up, make absolute
[sic] sure they are driving a UPS truck. UPS does not make deliveries or
pick ups in anything except a company vehicles [sic]. "If you have a problem, IMMEDIATELY call security or
your State/local Law enforcement." Even some police have been fooled by the rumor, and newspapers
have gone along. As a public service to its readers, the Fort Collins Coloradoan
newspaper last month dutifully reprinted a safety advisory issued by
the Colorado State University Police, which states: "There is evidence
and reports that unknown people have recently purchased UPS uniforms on eBay."
"Consider challenging anyone making a delivery to your
facility and, if necessary, ask for credentials and delivery documentation.
An employee of UPS or a similar company should not hesitate to comply with
your request," the police advisory continued. "If you have any concerns
about a delivery or delivery person, contact police." The St. Petersburg Times of Florida also bit. In a March 20 story about corporate security, which appeared
on the front page of its business section, the Times quoted a local factory
spokeswoman who said corporate security warned workers by e-mail to "keep
an eye out for UPS folks," who may be posing in UPS uniforms "bought
from eBay a few weeks ago." On April 1, The National Association of Equipment Leasing
Brokers thought it was Bob Bell writing a joke about UPS Leasing, which is not
true, as Bob would never do that. Reports of an eMail Attachment If you get an e-mail attachment from a return address of
kitmenkin@leasingnews.org, do not
open it. Delete the e-mail. It most likely
contains a virus. We never send out an e-mail with an attachment. As a policy, if you get an e-mail attachment, and it is from
someone who you never regularly get attachments, query the person as
it could be a hoax, or worse, a virus
from a hacker that got into the sender’s mail box or is purposely disguising the return address. Again, we never send attachments. In addition, all our mail is also screened in two separate processes before sending. ----------------------------------------------------------------------------------------- News Briefs--- Fed chief: Signs point to turnaround http://www.boston.com/dailyglobe2/155/business/Fed_chief_Signs_point_to_turnaround+.shtml Service Industry Growth Is Brisk; Worker Productivity
Accelerates http://www.nytimes.com/2003/06/05/business/05ECON.html Job cutbacks down 53% in May http://www.signonsandiego.com/news/business/20030604-9999_1b4natbrfs.html High-Tech Layoffs Easing Up http://www.internetnews.com/bus-news/article.php/2217121 Excerpts of statements in Martha Stewart case http://www.boston.com/dailynews/156/economy/Excerpts_of_statements_in_Mart:.shtml Former chairman of McKesson indicted for alleged $19 Billion fraud http://www.boston.com/dailynews/156/economy/Former_chairman_of_McKesson_in:.shtml MGM Mirage scraps online casino operations, takes $5 million
loss http://www.boston.com/dailynews/156/economy/MGM_Mirage_scraps_online_casin:.shtml “...there is little point in drinking a dull California
sangiovese when there are delicious Chiantis in any wine shop (at half
the price)...” http://www.nytimes.com/2003/06/04/dining/04WINE.html BEAT GOES ON FOR GENERATIONS AT 50-YEAR-OLD BOOKSTORE http://www.bayarea.com/mld/mercurynews/entertainment/events/6013052.htm Jury awards $30.1 million in lawsuit to men who said Taco
Bell stole its idea for Chihuahua ad http://www.boston.com/dailynews/155/economy/Jury_awards_30_1_million_in_la:.shtml Barry Manilow breaks famous nose http://www.ajc.com/living/content/living/0603/05manilow.html Sports Briefs--- Slim Pickings On The Rookie Free Agent Market By Dave-Te Thomas http://www.theredzone.org/2003/draft/prospects/players/slimpickings.asp With Miami talks stalling, Griese may look elsewhere http://www.theredzone.org/news/showarticle.asp?ArticleID=92
-------------------------------------------------------------------------------------------- Highlights This Day in American History 1836-Birthday
of Mr. Leslie, a Woman, Wills Feminism $2 Million After the bankruptcy and death of her husband Frank, Miriam
Florence Folline Leslie rebuilt the Leslie publishing empire, changed her name officially to Mrs. Frank Leslie
and willed $2 million to Carrie Chapman Catt personally to forward the
cause of women's suffrage. History was advanced by the bequest. It would cost Catt
more than a million dollars in legal fees to fight the family challenge.
(The family ignored the fact that Miriam helped build and then single-handedly
rebuilt the publishing empire and earned the money herself). The challenges
left women's suffrage with about $800,0000.Catt used the money to set
up a wonderful publicity and information bureau named after Leslie. News
papers, magazines, and leaflets went out to millions of people swaying
them to support women's suffrage and organizing them. It was the greatest
publicity blitz in the history of this nation - and perhaps the world. After MR. Frank died broke in 1880, Miriam who had personally edited
several of the publications took over the management of the floundering
publishing empire and gained the title of the "Joan of Arc of American
publishing." The Leslie publishing empire consisted of a number of
weekly and monthly magazines, the most successful and popular publications
of their time. They supported the Leslies luxuriously. Leslie became a legendary
party hostess and her life was as intricate as any fiction. She started
off on the stage in an act that starred the legendary Lola Montez. She
married a Leslie publications editor and before her divorce shared her
life and her husband's home with publisher Frank Leslie whom she eventually
married in a renowned menage a trois.
After Leslie's death, she was married for a short time to the brother
of Oscar Wilde. The details of the Leslie Legacy and how CCC used the
money can be found in the Leslie documents in the WiiN library. http://www.mith2.umd.edu/WomensStudies/ReadingRoom/History/WOAH/95-06/06-05+06-95 1851-“Uncle
Tom’s Cabin” began to appear in serial form. Although the small weekly
had a very small circulation, the copy was passed around, and became so
popular a Boston publisher compiled it into a book and published it, March
1852. Many to this day claim it as the major cause that actually started
the Civil War ( which was in reality brewing for over fifty years as each
new state or territory entered the union and was to be voted a “free”
or “slave” territory or state. http://memory.loc.gov/ammem/today/jun05.html 1872-Seeking
to test for women the citizenship and voting rights extended to black
males under the 14th and
15th amendments, Susan B. Anthony led a group of women who
registered and voted at a Rochester, NY, election. She was arrested, tried
and sentenced to pay a fine. She refused to do so and was allowed to go
free by a judge who feared she would appeal to a higher court. 1877-
New York passed the first Margarine Law, “ an act for the protection of
dairymen and to prevent deception in sales of butter.” ( Which is butter,
can you tell the difference? ) In
1872, Alfred Paraf of New York City ( Not! New York City! ) organized
the Ole0-Margarine Manufacturing Company. In 1873, he obtained a patent
on his process for purifying and separating fats.
In 1911, Procter and Gamble introduced Crisco, “ a creamy-white
all-vegetable shortening, odorless and tasteless, made from cottonseed
oil.” We were off to artificial foods. 1895-
William Boyd, born at Hendrysburg, OH.
Boyd went to Hollywood in 1919 and got a job as a film extra. His
first major starring role was in The Volga Boatman (1926). In 1935, he got the role of Hopalong Cassidy in a series of popular
westerns. He made 66 of these films between 1935 and 1948. Some of them
were edited and shown on television; Boyd then made some episodes especially
for TV. This was one of the most
popular early television shows in the early 1950’s where we all wore black,
white cowboy hats, and two six guns on our belt. For two points, name
two of Hoppy’s sidekick? ( he had several). Three extra points, the name
of his horse? Now, don’t use the internet---use your memory. 1899-birthday
of drummer Paul Barbarin, New Orleans, LA http://www.redhotjazz.com/Barbarin.html 1911-cornetist
Pete Daily born Portland, IN. http://www.jazzsteps.com/browse/artist.asp?p_id=P____10383&partner=23053#bio http://www.sftradjazz.org/87.html 1919-Birthday
of Richard McClure Scarry, author and illustrator of children’s books,
born at Boston, MA. Two widely known books of the more than 250 Scarry
authored are Richard Scarry’s Best Word Book Ever(1965) and Richard Scarry’s
Pleases and Thank You (1973). The
pages are crowed with small animal characters who lived like humans. More than 100 million copies of his books sold like humans. More than 100 million copies of his books sold
worldwide. Died April 30, 1994, at Gstaad, Switzerland. 1922-birthday
of drummer Specs Powell, New York City, NY http://www.jazzsteps.com/browse/artist.asp?p_id=P_____7358&partner=23053#bio 1922-birthday
guitarist Johnny Smith Birthday http://www.csindy.com/csindy/2001-03-15/cover.html http://www.gould68.freeserve.co.uk/jsmith.html http://www.avalonguitar.com/avguitar/Product/165 1926-
singer Bill Hayes was born in Harvey, Illinois. He had a number one hit
in 1955 with "The Ballad of Davy Crockett," outselling a version
by Fess Parker, star of the Disney movie. Coonskin hats were big that
year. http://www.geocities.com/Heartland/Ranch/9198/war1812/w1812b.htm 1932-birthday
of pianist Pete Jolly, New Haven, CT (real name: Peter Cergioli) http://www.spaceagepop.com/jolly.htm
http://amcorner.com/jolly/index.php3 http://www.skipbolenstudio.com/portfolio_petejolly_01.html 1934-President
Franklin D. Roosevelt signed the Securities Exchange Act that established
the SEC. Wall Street had operated
almost unfettered since the end of the eighteenth century. However, the
stock market crash of 1929 necessitated regulation of the exchanges. The
Securities and Exchange Commission is composed of five members appointed
by the president of the US. 1937-War
Admiral, a son of Man O’War, became the fourth horse to win the Triple
Crown when he captured the Belmont Stakes by three lengths, over Sceneshifter,
Ridden by Charles Kurtsinger, War Admiral covered the 1 ½ miles in 2:238.3.
Pompoon, second in the Kentucky Derby and the Preakness, finished out
of the money. 1939-Gary
U.S. Bonds birthday, singer,songwriter, born Flint, Michigan. 1941
- Trumpet player Roy Eldridge with the Gene Krupa
Band records "After You’ve
Gone" ( Okeh Records.) 1942
- Sammy Kaye and his Swing and Sway Orchestra record
the classic "I Left My Heart at the Stage Door Canteen"
for Victor Records. 1942-Bobby
Sherwood Band records “Elks’ Parade” ( Cap 107). 1943-County
Fleet, ridden by Johnny Longden, won the Belmont Stakes with a wire-to-wire
performance. Fairly Manhurst was a distant second, 30 lengths behind.
County Fleet, the heavy favorite, thus became the sixth horse to win racings’
Triple Crown, the Kentucky Derby, the Preakness, and the Belmont. 1945-Stan
Kenton Band swings Tara theme on “Southern Scandal”, Capitol. 1948---Top
Hits Nature Boy - Nat King Cole Toolie Oolie Doolie - The Andrews Sisters Baby Face - The Art Mooney Orchestra Texarkana Baby - Eddy Arnold 1952
- ‘Jersey’ Joe Walcott defended his heavyweight-boxing title by out-pointing
Ezzard Charles in Philadelphia, PA. Jersey Joe would lose the heavyweight
crown four months later to Rocky Marciano. 1954-birthday
of drummer Peter Erskine, Somers Point,NJ http://www.petererskine.com/biographyindex.htm 1956---Top
Hits The Wayward Wind - Gogi Grant Standing on the Corner - The Four Lads I’m in Love Again - Fats Domino Blue Suede Shoes - Carl Perkins 1956
- Elvis Presley made his second appearance on Milton Berle’s "Texaco
Star Theatre". Elvis sang "Heartbreak Hotel", his number
one hit. Berle loved it, and even
swung his hips afterwards. The TV critics called Elvis’ appearance on
the show a “a bad joke.” One major critic said his performance looked
“like the mating dance of an aborigine.” When Presley later appeared on
Ed Sullivan's show, he was shown only from the waist up. 1959
- Bob Zimmerman graduated from high school in Hibbing, MN, the same year
I graduated from University High School in West Los Angeles. Zimmerman was known as a greaser to classmates in the remote rural
community, because of his long sideburns and leather jacket. Soon, Zimmerman
would be performing at coffee houses at the University of Minnesota in
Minneapolis, and later, in Greenwich Village in New York City. He would
also change his name to Bob Dylan (after poet Dylan Thomas, so the story
goes). http://www.bobdylan.com/songs/
1961-The American Basketball League, a short-lived challenger to
the NBA, adopted a three-point field goal, an innovation that was later
approved successively by the American Basketball Association, the BMA
and the NCAA. 1963-
the first African-Americans graduated from the Air Force Academy in Colorado
Springs, CO, receiving their Bachelor of Science degree; Charles Vernon
Bush, Isaac Sanders Payne IV, and Roger Bernard Sims. 1964---Top
Hits Love Me Do - The Beatles Chapel of Love - The Dixie Cups Love Me with All Your Heart - The Ray Charles Singers My Heart Skips a Beat - Buck Owens 1967
- New franchises in the National Hockey League were awarded to the Minnesota
North Stars, the California Golden Seals and the Los Angeles Kings. The
North Stars moved to Dallas in the mid-1990s and the Golden Seals are
now nonexistent 1968-Senator
Robert Kennedy was shot at the Biltmore Hotel while campaigning for the
Democratic presidential nomination at Los Angeles, CA; he died the following
day. Sirhan Bishara Sirhan was
convicted of his murder. I covered the afternoon portion for a period
of time as news producer for ABC-TV News, and ran the night West Coast
desk. 1969-
R'n'B singer Brian McKnight birthday. http://www.delafont.com/music_acts/Brian-McKnight.htm http://www.brian-mcknight.com/ 1971-
rapper and actor Marky Mark birthday (real name: Mark Wahlberg.) 1972---Top
Hits I’ll Take You There - The Staple Singers The Candy Man - Sammy Davis, Jr. Sylvia’s Mother - Dr. Hook & The Medicine Show The Happiest Girl in the Whole U.S.A. - Donna Fargo 1977-the
Apple II computer, with 4k of memory, went on sale for $1,298. Its predecessor, the Apple I, was sold largely
to electronic hobbyist the previous year. I was one of the first users, teaching my children how to work on
this computer ( I still have it ). We also were doing much of the original
Apple Computer leasing. Various version were released thereafter, including
Lisa, until the MacIntosh ended the line on January 24, 1984. Developer Steve Wozniak had created the Apple
I to impress his friends in the Homebrew Computer Club in the early 1970s.
Wozniak's sidekick, Steve Jobs, urged his friend to create a computer
they could sell, and the two started Apple Computer in Jobs' garage. The
Apple II boasted a color screen and a built-in version of the BASIC computer
language. 1978
-Proposition 13 25th anniversary. California votes (65 percent
of them) supported a primary election ballot initiative to cut property
taxes 57 percent. Regarded as a
possible omen of things to come across the country- a taxpayer’s revolt
against high taxes and government spending.
Does not apply to houses bought after the passage, and ironically with the
high prices of houses sold, the property tax has been a boon to school districts,
who received 65% of their funds in property tax in California. 1980---Top
Hits Funkytown - Lipps, Inc. Coming Up - Paul McCartney & Wings Don’t Fall in Love with a Dreamer - Kenny Rogers with Kim
Carnes My Heart - Ronnie Milsap 1980-
the movie "Urban Cowboy," starring John Travolta, premiered
in Houston. Much of the movie was shot in "Gilley's," the bar
owned at the time by singer Mickey Gilley. http://www.amazon.com/exec/obidos/ASIN/B000002H4B/inktomi-musicasin-20/103-2488497-6059853 1981-The
Centers for Disease Control first described a new illness striking gay
men in a newsletter. On July 27, 1982, Acquired Immune Deficiency Syndrome
was adopted as the official name for the new disease by the DCD. The virus
that causes AIDS was identified in 1983 and in May, 1985, was named Human
Immunodeficiency Virus (HIV) by the International Committee on the Taxonomy
of Viruses. the first person killed by this disease in the developed world
died in 1959. More than 420,000 Americans have died of aids.
Worldwide, more than 22 million people have died of AIDS. About
36 million people worldwide are living with HIV/AIDS. 1978-“20/20”
premiered on TV. An hourly newsmagazine
developed by ABC to compete with DBS’s “60 Minutes.” It's original hosts,
Harold Hayes and Robert Hughes, were cut after the first show and replaced
by Hugh Downs. Barbara Walters became co-anchor in 1984. The show consisted of investigative and background reports. Contributors
to the show have included Tom Jarriel, Slyvia Chase,Geraldo Rivera, Thomas
Hoving, John Stossel, Lynn Sherr and Stone Phillips. 1987-Dr
Mae Jemison becomes first Black female astronaut, 1987 http://www.ajli.org/jemison.html http://starchild.gsfc.nasa.gov/docs/StarChild/shadow/whos_who_level1/jemison.html 1987-
Canadian pop star Bryan Adams joined former Beatles Ringo Starr and George
Harrison on stage at Wembley Arena in London for the finale to the second
annual Prince's Trust rock gala. The three - along with Elton John, Boy
George, Eric Clapton and Ben E. King - brought the crowd of 8,000 to their
feet with a rendition of King's hit, "Stand By Me." Among the
audience were Prince Charles and his wife, Diana. Charles set up the Prince's
Trust fund in 1976 to help young people who are socially , economically
or physically handicapped. http://www.bryanadams.com/onlineshop/Default.asp 1988---Top
Hits One More Try - George Michael Shattered Dreams - Johnny Hates Jazz Naughty Girls (Need Love Too) - Samantha Fox What She Is (Is a Woman in Love) - Earl Thomas Conley 1993-
singer Mariah Carey married her boss, Sony Music president Tommy Mottola,
at a Manhattan church. Among the celebrities in attendance - Robert DeNiro,
Barbra Streisand, Bruce Springsteen and Billy Joel and wife Christie Brinkley.
Carey and Mottola separated in 1997 http://www.monarc.com/mariahcarey/index.las 1998-Just
three weeks after Notah Begay III became the third professional golfer
to shoot a record-low- round of 59 in a professional tournament, Doug
Dunakey became the fourth golfer to do so. Dunakey carded 10 birdies and
an eagle in the second round of the Miami Valley Open, a Nike Tour event,
in Springboro, OH. Needing only a par on the 18th hole
to finish with 58, Dunakey three-putted from25 feet for a bogey. He didn’t
win the tournament, though. Craig Bowden did, shooting 16-under-par, two
shots better than Dunakey. NBA Finals Champions
This Date 1977 Portland Trail Blazers ---------------------------------------------------------------------------------
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