In the meantime, we continue to verify facts in our three part series we hope to print before July 4^th----about RW Professional Leasing---“It all started when a deal was made with a bank to keep quiet for cash.” editor.)

Economic Events This Week

June 24

TUESDAY

Consumer Confidence: June

June 25

WEDNESDAY

Durable Goods Orders: May

Existing-Home Sales: May

New-Home Sales: May

NVCA Midwest Networking Event

The Chicago Club

Chicago, IL

http://www.nvca.org/

Fed Rate Change?

http://www.nytimes.com/2003/06/24/business/24ECON.html

June 26

THURSDAY

G.D.P.1st Qtr. final

Weekly Jobless Claims

UAEL Southern California

Get Together 2-4pm

UAEL.org

June 27

FRIDAY

Personal Income: May

[Headlines]

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Classified Ads----Help Wanted

IFC Credit Corporation is seeking Account Executives ready to roll up their sleeves in establishing strategic financing alliances with select vendors and manufacturers in healthcare, industrial and technology marketplace segments. Proven track record of success in equipment financing a must. Specific industry and collateral experience a plus. Hiring now in major markets throughout the country. Email your resume to eokeeffe@ifccredit.com

Contract Administrator: Newton, MA,
Proficiency in docs, funding & customer service required, Broker exp a plus. Salary w/possible bonuses. Email resume to: markg@integrityleasing.com

About the Company: www.integrityleasing.com

Meridian Finance Group is seeking a customer- oriented credit professional whom we can train to support clients with our international credit/financial services. email: info@meridianfinance.com

About the Company: Meridian provides innovative credit and financial services that enable U.S. exporters to offer competitive terms to their customers in other countries.
Website: www.meridianfinance.com

In-house Sales: Scottsdale, AZ.
Proven producer.Salary.comm.bonus. Leads furnished. 5K to 150K avg Contact:john@odysseyequipfinance.com

Sales: Amerifund, a nat'l equip fin company growing at 100%+ per year, is looking for add'l exp'd Lsg Sls People in AZ. Compensation=Base salary+ commission +benefits.Ideal candidate=2+ yrs exp in lsg sls with doc'd performance. Fax resume:
480-607-0125.

Sales: Novato, CA
Aggressive, polished, ethical salesperson wanted to join our 19 year old company. 2+ yrs financial sales experience required. Must be based in Bay Area. Prefer candidates with established vendors. ted@warrencapital.com

[Headlines]

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IDS Board Won’t Wait---CapitalStream the Winner!!!

We have it from a highly reliable source that the “deal is done” and

the IDS board will ( or has ) accepted the offer from CapitalStream,

Minnesota ( parent is CapitalStream, Seattle, Washington.)

Leasing News contacted Ken Duffy, Sr., president of Summit National,

Chicago, Illinois, who confirmed what we were told from another source:

“You source seems to be accurate, Kit, as we were advised early today that the deal is about to close. Summit is not involved. In my opinion this deal makes sense for CapS but not for IDS. The IDS stockholders and employee ESOP will have lost about 93% ($3.60 to $0.33) of the value of their stock since the ill-fated merger with CFS.

“We think Summit offered a better solution long term but it will be interesting to see if the company fares better under Kevin than it has under the previous group. We wish them well.”

kduffy@summitnational.com

Fifteen minutes after opening today the price was at $19.00

http://www.prices.londonstockexchange.com/info.asp?sedol=0216874

The situation is still marked “bid;” however, Leasing News has it

on highly reliable information CapitalStream is the winner in

this take over.

DSI, owned by a British company, has been in financial trouble

in the United Kingdom as reported by Leasing News the last year.

Several software companies have made bids to purchase the

company, but insiders tell us there were too many stipulations

and problems. But it now appears Capital Stream will be

the winner of the bidding.

Close to 50% of the share holders have agreed to the purchase. The general stockholder voting will begin shortly and was concluded in 20 business days according to UK rules. It then went to the board of directors, who were

considering another offer, but the time limit was a factor, and even

allegedly at a higher price, none of the directors reportedly work

for IDS Group and just want out.

Wired Capital management merge/acquired Capital Stream, basically

replacing the entire management ( John Kruse was the last to go

and he has started a new company along with many of the original

Capital Stream founders—no software---featuring

auxiliary financing products for leasing companies to refer

for extra income such as “accounts receivable, factoring, mortgages, etc.

He plans a major announcement the end of June.)

October 23, 2002 the official announcement was made that CapitalStream Appoints Kevin Riegelsberger as CEO. They also announced the Strategic Acquisition of WiredCapital and Closes $10 million in Equity Financing

http://www.capitalstream.com/news/press/101002.asp

26 employees were let go. Part of the press release from Capital Stream

stated, “"Kevin has previously built a successful financial software operation

from a startup to a profitable public company, and he has acquired the versatile

leadership skills that can only come through the experience of

leading an organization through each phase of growth."

Before joining WiredCapital as President & CEO, Kevin founded

one of the industry leading financial software application

providers - Platinum Software Corporation (now called Epicor).

Platinum grew from a 7-person startup to a publicly traded

company with over $260m in revenue. During his 15 years at

Platinum, Kevin oversaw operations, sales and technology

development to create the 8th largest enterprise software

company in the world. He also foresaw the international

opportunity and built a worldwide distribution channel

generating over $100m in annual revenue from operations in all

major international markets.

In March of this year, a joint marketing agreement was announced

with Ivory Consulting:

http://www.leasingnews.org/archives/March%202003/03-03-03.htm#capital

Here is a press release from Capital Stream, not naming Decisions

Systems, but announcing that they have raised money to for “strategic

industry acquisitions:”

In an interview, Riegelsberger said his experience with accounting

software was a very good background to understand the financial

and leasing market software needs.

#### Press Release

CapitalStream Secures $21 Million for Strategic Acquisitions New Funding

Fuels Company's Leadership Role in Offering Enterprise Software to

Financial Institutions SEATTLE, WA

CapitalStream(tm), a pioneer in front office automation solutions for

commercial finance operations, today announced it has raised over $21

million in investor funding, designated for strategic industry

acquisitions. Backed by investor firms FTVentures, Bank of America,

Polaris Venture Partners, Mobius Venture Capital, Voyager Capital, and

The Benaroya Company, CapitalStream will acquire technology and software

providers that expand CapitalStream's product offering to its target

market - the small business, equipment and commercial finance operations

of financial institutions and other finance providers.

"Financial institutions are trying to integrate numerous stand-alone

point solutions in order to streamline operations, grow revenue and meet

customer demands for integrated products and services," said Kevin

Riegelsberger, CapitalStream's president and CEO. "CapitalStream's

FinanceCenter(tm) product line is already designed to link with these

various systems to provide a complete Front Office platform. By

acquiring these point solutions we minimize the risk and maximize the

value to our clients by more closely integrating these products and

offering a single source for support."

CapitalStream's acquisition strategy is designed to provide a broader range of products and services, expanding the company's established front office automation product line to include complimentary products such as back office,

accounting and servicing solutions along with other point solutions used

in commercial finance.

"CapitalStream's experienced management team has demonstrated an ability to acquire and integrate software operations, close significant projects and grow revenue - even in today's tough economic environment, " said Tony Audino, Chairman of the Board at CapitalStream and Managing Director of Voyager Capital.

"That track record, combined with the excellent business opportunities available in

the market today, allows us to leverage our investment in CapitalStream

even further by increasing the scope of their products and services

through acquisition."

The funds will be used specifically for acquisition of businesses and products and are contingent upon CapitalStream identifying and closing prospective acquisitions that meet the investment criteria.

About CapitalStream Established in 1995, CapitalStream develops financial front office automation solutions that enable banks and finance companies to transform paper-based, stand-alone operations into integrated, streamlined finance supply chains. CapitalStream solutions streamline application processing, deal structuring, credit analysis and document generation to rapidly originate leases, loans, lines and cards.

As an established industry leader, CapitalStream has helped many small business lending, equipment finance and commercial lending operations to improve relationships with customers and partners, streamline operations, reduce risk and achieve significant revenue growth.

About Capital Stream:

Capital Stream

1995 (c)

www.capitalstream.com

Kevin Riegelsberger

360 Customers/ 40 Customer Subscribers

N/R

Bank of America,

Simens Financial Services,

Textron Financial

http://www.leasingnews.org/elease/software.htm

About International Decision Systems

from the IDS Website:

With nearly three decades of industry-specific expertise and track record in leasing accounting, International Decision Systems (IDS) is the global market leader in developing lease accounting, portfolio management, and wholesale/floorplan financing software and services. Over 500 independent, bank-related, captive leasing and financial services companies worldwide use IDS’ stable, scalable and robust end-to-end lease

accounting software to streamline and automate the entire leasing life cycle. Lessors also use IDS’ software to leverage the Internet’s speed and flexibility for improving service to customers, achieving greater internal efficiencies and closing deals faster.

IDS also has the industry’s largest global consulting, implementation, technical support organizations that provide incomparable service from offices located in from offices in the United Kingdom, North America (Boston and Minneapolis), Australia (Sydney), and Southeast Asia (Singapore).

IDS’ parent company, Group plc companies, is publicly traded on the London Stock Exchange (IDGL). For additional information about

International Decision Systems and IDS Group plc, visit www.idsgrp.com.

Here is the “official” declaration in the stock market bid offer statement:

•Capital Stream Minnesota has received irrevocable undertakings and

non-binding letters of intent to accept, or to procure acceptance of, the

Offer in respect of an aggregate of 26,515,384 IDS Shares, representing

approximately 46.6 per cent of the IDS Shares currently in issue.

•IDS is a holding company of a group of companies specialising in the

provision of software and services for the leasing and wholesale finance

industries.

•The Capital Stream Group provides software and related services to the

commercial finance industry. Capital Stream's flagship product,

FinanceCenter, is a browser-based software platform that allows customers to

automate and integrate front office operations including application

processing, deal structuring, credit analysis, document generation and

workflow management. FinanceCenter is used by small business lending,

commercial lending and equipment finance groups to originate leases, loans,

credit lines and credit cards.

Commenting on the Offer, Kevin Riegelsberger, President and Chief Executive

Officer of Capital Stream, said:

"We believe that the combination of the IDS Group and the Capital Stream Group

has merits in terms of both technology and customer base and that the combined

group can be a significant competitor within the leasing software industry by

providing an integrated front and back office solution.

By acquiring IDS, Capital Stream will be able to utilise the scale of the IDS

Group's sales and marketing resources to accelerate revenue growth and build

critical mass quickly."

Commenting on the Offer, Thomas Glucklich, Chairman of IDS, said:

"The Independent Directors believe that the Offer from Capital Stream provides

IDS Shareholders with the opportunity to obtain a cash return over the near term

at a price which represents a premium of approximately 72.7 per cent to the

Closing Price of an IDS Share of 11.0 pence on 22 October 2002, the Business Day immediately before the IDS Board announced that it had resolved to undertake a strategic review of all options open to IDS".

Calls to CapitalStream for an official announcement, or denial, were

not returned.

[Headlines]

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Bulletin Board Complaint Weekly Report

The purpose of the Bulletin Board is to post legitimate complaints. Often Leasing

News acts as an ombudsman, a third party that helps negotiate a settlement. When

it is resolved, it no longer is a complaint and is not posted.

Readers have not been seeing many postings, as many of the complaints get

“resolved.”

Three complaints remain in “limbo” and this is a new one:

Texas company signed a commitment letter on February 14^th with a California

company that specifically states if the lease is not approved, they will return

the deposit of $2,030. So far they have not. We are attempting to learn

their side before publishing the complaint ( or if they return the money,

there is no complaint.)

http://www.leasingnews.org/archives/June%202003/06_17_2003.htm#comp

[Headlines]

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OOIDA files class action against Allied Holdings; alleges violation of federal leasing regulations

The Owner-Operator Independent Drivers Association (OOIDA) announces it has filed a class action against another major U.S. motor carrier for alleged violations of the federal leasing regulations.

OOIDA filed in the U.S. District Court for the Northern District of Georgia against Allied Holdings Inc. and its wholly owned subsidiary, Allied Automotive Group, and its wholly owned motor carrier, Allied Systems Ltd. The Decatur, GA, motor carrier is the largest regulated motor carrier in North America specializing in the transportation of new and used automobiles and light trucks. Allied Holdings is a publicly traded corporation (AMEX: AHI).

OOIDA is joined in the suit by two of its owner-operator members who are currently leased to Allied Systems. The class-action suit charges Allied has been violating the federal truth-in-leasing regulations by its failure to include certain provisions in its lease agreements that are required by the federal regulations, while incorporating other provisions that conflict with the regulations. The lawsuit also alleges that Allied does not adhere to or perform certain obligations established by the federal leasing regulations.

OOIDA is seeking declaratory, injunctive and monetary relief on behalf of owner-operators affected by Allied Systems. OOIDA has also requested a preliminary injunction to prohibit Allied Systems from doing business with equipment it does not own until its leases are brought into compliance with federal regulations.

OOIDA is asking the court to certify the suit against Allied Holdings and its subsidiaries as a class action to include other owner-operators who have experienced similar losses through their leases with the carrier.

Allied joins a growing list of motor carriers targeted in recent years by OOIDA in its efforts to promote compliance with federal leasing regulations. Other carriers that the nation’s largest organization of professional truckers currently has court actions against include Landstar Systems, Heartland Express, Ledar Transport, New Prime Inc., Swift Transportation and Arctic Express.

http://www.landlinemag.com/Special_Reports/June03/OOIDA%20class%20action.htm

[Headlines]

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****Announcement *************************************************

UAEL Regional Change in Location-June 26

United Association of Equipment Leasing Southern California Presents

Grass Roots Roundtable

Thursday, June 26, 2003

Time: 2 PM - 4 PM

Great News! Our Attendee Number is greater than expected! We are re-locating our Grass Roots Roundtable Event to a larger facility.

The Event will be held at:Citi Bank Commercial Building

15233 Ventura Blvd (at Sepulveda)

Sherman Oaks, CA 91403

UAEL Reserved a Conference. Please ask the Lobby Attendant to direct you to Conference Room. (818)-528-7596

Directions are as follows:

101 FWY North toward Sherman Oaks

Exit- Sepulveda Blvd

Travel South on Sepulveda (few blocks)

Turn Left on Moorpark Street

The Citibank Building is immediately on your Right Hand Side (15 story white bldg)

Park either in the Lot (fee) or on the Street

Meeting Agenda Topics:

How do we survive this economic time and how do we prepare for the recovery stage?

Are the large, National Leasing companies becoming more aggressive? How have you successfully competed with them?

What are the most important marketing strategies today?

Sales and Marketing go hand in hand:

a.. How have you successfully recruited your Sales Force?

b.. What kind of "sales experience" outside of the Leasing Industry has proven beneficial?

c.. What kind of "sales experience" has proven less desirable?

d.. Do you require your Sales Team to reach a monthly volume quota? If yes, do you require them to provide weekly, monthly, annual reports?

e.. What tools do you provide to your Sales Force? Which have proven beneficial? Which have proven less desirable?

We will use our Agenda to guide our Roundtable Discussion. Additional Topics of Interest may be discussed. Thank you.

For questions please contact: Mohammed Ahsan (818) 843-8686 ext. 23 ; Tom Mulally (818) 784-8700; Gina Iacono (714) 834 -0127 ext. 102 ; Barbara Griffith (714) 573-9804

**** Announcement ********************************************

[Headlines]

If you are in the Los Angeles area, this will be one of the best

mini-conferences. Call anyone of the above to learn more. editor

Rates fall again in Treasury bill auction

Many expect the Fed to lower rates at their Wednesday meeting. At the same

time mortgage rates continue to drop, and interest rates on short-term Treasury securities fell in Monday's auction, with rates on six-months bills dropping to their lowest level on record again.

The Treasury Department sold $17 billion in three-month bills at a discount rate of 0.815 percent, down from 0.840 percent last week. An additional $18 billion was sold in six-month bills at a rate of 0.840 percent, down from 0.845 percent.

The three-month rate was the lowest since June 30, 1958, when the bills sold for 0.768 percent. The six-month rate was the lowest since the government began selling these bills on a regular basis in 1958.

The new discount rates understate the actual return to investors 0.830 percent for three-month bills with a $10,000 bill selling for $9,979.40 and 0.858 percent for a six-month bill selling for $9,957.30.

In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, dipped to 0.95 percent last week from 0.97 percent the previous week.

Can rates get lower. The market seems to think so. Odds in Vegas are still "three to one" the Fed will not cut the rate this Wednesday.

[Headlines]

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Connecticut Looks to $40M Sale/Leaseback to Save Railroad

By Jonathan Lucas

Staff Writer, Stamford Advocate

STAMFORD -- The state Department of Transportation is considering selling its entire fleet of trains and buses and then leasing them under a financial arrangement that could generate up to $40 million.

The arrangement would provide money for overhauling the state's aging trains and could offer significant tax benefits for private investors.

"We would sell off the tax-depreciation benefits of the equipment that the state can't take advantage of to a private investor who would provide an up front infusion of cash intended to put toward our M2 (train) overhaul program," said Harry Harris, chief of the DOT's bureau of public transportation.

Harris said the state would still operate and own the equipment under such a deal.

A consortium of banks has submitted three bid proposals and the state is expected to select a winning bid by late next month, Harris said.

If implemented, the state would sell its fleet of more than 350 Metro-North and Shore Line East rail cars and nearly 400 buses -- valued at nearly $500 million -- to the winning investment group. The state would invest about 80 percent of the sale price into a dedicated fund that would be used to pay for the leasing costs over 30 years.

The remaining balance -- estimated at $25 million to $40 million -- would help defray the $149 million cost of overhauling the 30-year-old train cars.

The state is in the first year of a six-year program to overhaul nearly 250 of its oldest electric locomotives that make up the backbone of its fleet.

Legislation allows a lease arrangement, but it has never been applied.

Such an arrangement is common in the private sector, where airlines and cargo carriers lease back jets, and among corporations that lease their buildings. The New York Metropolitan Transportation Authority, New Jersey Transit and public transit districts across the country have similar leasing arrangements.

State Sen. Andrew McDonald, D-Stamford, a member of the legislative committee exploring ways to pay for some of the recommendations of the Transportation Strategy Board, said there are unanswered questions. He would prefer to see any dividends from the arrangement used for new trains rather than overhauling old trains, McDonald said.

"It has the potential to be a significant revenue stream and I would be interested in it if it was specifically dedicated to the acquisition of new trains," McDonald said. "If the funds can be diverted to other purposes, then I would be very opposed to it."

[Headlines]

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#### Press Release ##########################################

U.S. Municipal Defaults More Frequent After Recessions Peak

Fitch Ratings-: Despite a protracted recession, three-year bear equity market, war, increased threat of terrorism, and fear of SARS, municipal bond default rates are still low, with a cumulative default rate of only 1.5% found on bonds issued from 1979-1986, the worst eight year period in Fitch Ratings' updated municipal default risk study. However, Fitch cautions that investors should still be concerned.

'Municipal bond performance is insulated, but not completely isolated from economic cycles,' said David Litvack, Managing Director, Fitch Ratings. 'Municipal default rates do go up moderately during recessions, particularly in the year after the economy bottoms out.'

Fitch found that while overall municipal default rates are low, they vary significantly by sector, with tax-backed, water/sewer, education, and transportation showing cumulative default rates of under 0.25%, while industrial development bonds have default rates of nearly 15%. Similarly, in a new default analysis performed on health care credits, Fitch noted a wide difference by sub-sector.

'Hospitals experienced a cumulative default rate of 0.6%, whereas we found a whopping 17% cumulative default rate for continuing care retirement centers (CCRCs), nursing homes, and other non-hospital credits,' said Michael McDermott, Director, Fitch Ratings. Fitch also noted that default risk had increased in solid waste and industrial pollution control obligations due to deregulation, a trend it predicted in its 1999 study.

New for the updated study, Fitch also performed analysis on recovery rates. Defaulted municipal bonds showed an average recovery rate of about 67%, significantly higher than the 40% long-term average recovery rate on corporate bonds. Even relatively high default risk municipal bond sectors such as multifamily housing and industrial development bonds had relatively high recovery rates, 87% and 65% respectively, due to the collateral backing the transactions. Fitch noted that in analyzing potential recovery, it was important to consider collateral value relative to debt, legal security in the collateral, and ability to access the collateral in the event of bankruptcy.

The new study includes a state-by-state analysis of cumulative default rates. During the period studied from 1980-2002, there have been no defaults on bonds issued in the state of Vermont, while the state of West Virginia has the highest cumulative default rate at 3.04%.

The report 'Municipal Default Risk Revisited' is available on the Fitch Ratings web site 'www.fitchratings.com' in the 'U.S. Public Finance' sector page under 'Special Reports'.

Fitch will conduct a teleconference of the new default study on Tuesday, June 24 at 2:00 p.m. Eastern Daylight Time (EDT). Participants should call +1-888-266- 4139 and international participants should dial +1-706-643-1860. All participants should dial in five minutes prior to the 2:00 p.m. EDT start time.

If you would like to participate, please e-mail 'pfconference.calls@fitchratings.com'.

Interested parties who are not available for the teleconference will be able to hear a replay of the call starting June 24 at 5:00 p.m. EDT until June 30, 2003 at 6:00 p.m. EDT. Domestic listeners should dial +1-800-642-1687 and international listeners should dial +1-706-645-9291 and use the access code '1313553'.

Additionally, a replay of the teleconference will be archived on the Fitch Ratings web site for three months. Interested parties can find the appropriate link at the 'Company Events & Online Media' link, which is located under the heading 'About Fitch' at 'www.fitchratings.com'.

Contact: David Litvack +1-212-908-0593 or Michael McDermott +1-212-908-0605, New York.

[Headlines]

#### Press Release ############################################

NetBank, Inc. Begins Implementation of Enterprise-wide Electronic Document Management System; Partnership with iDatix Will Help Reduce Costs and Increase Productivity

ATLANTA----NetBank, Inc. (Nasdaq:NTBK), parent company of the country's first commercially successful Internet bank, NetBank(R) (www.netbank.com), announced today it's implementing an enterprise-wide electronic document management system to help capture, organize and disseminate information across all business units.

The system has been deployed within NetBank's wholesale mortgage lending unit, RBMG, Inc., and its retail mortgage lending operation, Market Street Mortgage Corporation. Initially, it will be used to automate and enhance loan information processing capabilities. Additionally, the system will allow NetBank to accelerate the time to review and package loans for sale into the secondary markets. NetBank plans to introduce the system in its remaining business units to realize greater process efficiencies and performance.

"This fits with our strategy of using technology to do business better, faster and more cost effectively," said Bill Williams, chief operations executive for NetBank, Inc. "It gives us the ability to automate the capture of information and make it instantly available to appropriate NetBank associates, which further streamlines our processing capabilities. We want to ensure our employees have the information they need - when they need it - so they can work even more efficiently and deliver a superior customer experience."

NetBank's information management system is powered by iSynergy from iDatix Inc. The platform provides a powerful tool to extract data from any number of sources including forms, faxes, emails, other software applications and solutions, rich media and more.

"NetBank is re-engineering the delivery of financial services by integrating technology into all levels of the process," said Steve Allen, CEO of iDatix. "They're sophisticated users of technology with an especially rigorous evaluation criteria. We're pleased to have been selected as their partner."

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.

About iDatix

iDatix Inc., headquartered in Clearwater, Fla., provides companies real-time enterprise information solutions that allow them to reduce operational costs and increase overall corporate productivity. The iDatix solution, iSynergy, organizes and consolidates information and integrates it across an entire enterprise. On demand, information from a myriad of systems is available in a secure and highly accessible browser-based environment. It is the goal of iDatix to provide technology solutions that maximize productivity, reduce costs and deliver true business value.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Information in this press release regarding NetBank Inc.'s partnership with iDatix to: 1) automate and enhance loan information processing capabilities; 2) to accelerate the time to review and package loans for sale into the secondary markets; and 3) to realize greater process efficiencies and performance are "forward-looking statements" involving risks and uncertainties that could cause actual results to differ materially. Risks include 1) a decision by NetBank to discontinue its business partnership with iDatix; and 2) a decision by NetBank to discontinue its plan to deploy the electronic document management system throughout its remaining business units. NetBank, Inc. has no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties facing NetBank, see "Risk Factors" in NetBank, Inc.'s SEC filings.

CONTACT:

NetBank, Atlanta

Rich Jeffers, 678/942-7596

rjeffers@netbank.com

SOURCE: NetBank, Inc.

[Headlines]

### Press Release ############################################

Bank of America Urges Business to Take Advantage Bush Business Tax Plan

Nation's #1 SBA lender announces support for plan's small business benefits

Bank of America, America's No. 1 Small Business Administration (SBA) lender, announced today its support for President George W. Bush's tax relief plan as it pertains to providing tax incentives for the expansion of small businesses. The tax plan, recently passed as a broad-based economic stimulus package, provides small business owners with incentives for new- equipment investment.

Under the tax relief plan, small businesses can deduct from their taxes up to $100,000 -- up from $25,000 -- in new equipment. If they invest more than $100,000 they qualify for a 50 percent bonus depreciation that further reduces the cost of their investment.

"All financial institutions involved in lending to small business should ensure their clients are aware of and take advantage of this important incentive," said Dana Drago, Bank of America Small Business Bank President. "Expansion through the purchase of new equipment and the ability to expense capital dollars more quickly is a vitally important stimulant -- ultimately providing the small business with greater stability, growth and often job creation in the marketplace."

Bank of America is the number one SBA lender in the country with 3,917 loans granted in fiscal year 2002.

"In 2002 we doubled our SBA lending by recommitting to this segment and reaching out to the small business owners and entrepreneurs in all the communities we serve," said Drago. "This is the right thing to do because small businesses are so critical to the economic health of our country." Bank of America counts nearly one in five small businesses in its footprint as a client.

(Yeah, as if an SBA borrower needs a 100% tax credit. To qualify,

you have to show others have turned you down due to lack of profit.

editor )

[Headlines]

### Press Release #########################################

Specialized Leasing Inc. Announces Merger With IT OutSource Inc.

TUCSON, Ariz.---Specialized Leasing Inc. (OTCBB:SPLZ) announced today that it has signed a Letter of Intent with IT OutSource Inc. (ITOS) to acquire 100% of ITOS's outstanding common stock, making it a wholly owned subsidiary of SPLZ.

"We are excited to be on the ground floor of this tremendous technology opportunity and are looking forward to working with ITOS to provide computer preventive maintenance and efficiency services to small, medium and large businesses nationwide," said Franklin Scivally, C.E.O. of Specialized.

ITOS plans to provide outsource services to companies to increase employee productivity, reduce unscheduled downtime and lower the cost of IT ownership. The acquisition of ITOS by Specialized Leasing will give ITOS the ability to lease computer systems, networks and Mobile Computer Service Vehicles.

About Specialized Leasing

Specialized Leasing Inc. is engaged in the business of leasing computer systems and accessories to professionals, with an emphasis on the real estate, medical and legal industries. The business strategy of Specialized is to support the legal, medical and real estate professional with high quality computer hardware and software to satisfy all of the professional's computing needs, including on site maintenance, training and updating of hardware and software, thus taking the burden of selection, repair, upgrading and maintenance away from the professional and his or her staff. For more information on Specialized Leasing's business, visit their Web site at www.specializedleasing.com.

About ITOS

IT OutSource Inc. specializes in lowering the cost of Information Technology ownership for small, medium and large businesses nationwide. The company's predictive and preventative maintenance technologies increase uptime, increase employee productivity, lowers the chance of hardware failure or data loss thereby allowing business owners a complete IT OutSource solution. ITOS has developed a nationwide wireless network of Mobile Computer Service Vehicles (MCSV's) that can be dispatched on-line with an exclusive "Dispatch-A-Tech" service to offer the first complete onsite computer outsourced, nationwide service.

For more information on ITOS, visit their Web site at www.itos.us.

CONTACT:

Specialized Leasing Inc.

Tom Yarbray, 760/360-9547

SOURCE: Specialized Leasing Inc.

[Headlines]

### Press Release ############################################

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Please send to a friend as we are trying to build our readership. Thank you.

_____________________________________________________________

Housing Starts and Economic Predictions

U.S. Gov’t report

( The economic forecasting here is perhaps better, and more

easily understood than Fitch, ABSnet, the Federal Reserve, Moody’s,

and you name them. editor )

May starts surprised some analysts by the size of the increase: starts were up 6.1% to 1.73 million (SAAR) while single family (SF) was up a more modest 1.5% to a still respectable 1.38 million (SAAR). The more volatile multi family (MF) sector is starting to pick up, increasing 29%. Permits, an indicator of future activity, were up[ 3.7% to 1.79 million (SAAR). Regionally, starts increased throughout the U.S., with the exception of as 1.3% decline in the Northeast. The Midwest was up 14%; a 7.4% increase in the South; and 0.7% in the West.

http://two.leasingnews.org/images/chart1.jpg

Analysis and outlook: The housing sector remains very strong, thanks to the lowest mortgage rates in 41 years and solid house price performance as noted by NAHB. Even the rental market is showing some signs of life following April’s sharp drop, and permits have increased for two consecutive months suggesting the near term outlook will remain good. In both SF and MF, the year to date pace is ahead of last year’s stellar performance.

The consensus-housing outlook for 2003 is about 1.70 million starts, with1.35 million, or almost 80 per cent being single-family units. The multi-family sector isn’t expected to improve this year, primarily because affordability and therefore, demand for single-family homes is so good. Housing inventory or month’s supply, remains healthy (about 4 months) for new homes, but it is starting to creep up (slightly over 5 months) for the resale market. This tells us that the near term outlook (3-4 months) is good, and once the East’s “monsoon season” ends, we could see a pick up in the Northeast and the Atlantic states.

As I mentioned in last month’s report, there are some concerns with this rosy picture: (1) the job market remains weak; (2) the overall economy outside housing is languishing: (3) corporate profitability remains weak; (4) the weakening dollar has been positive so far (e.g. , supports exports); (5) and the Fed and others are getting concerned with the growing prospects for either disinflation (slower rate of inflation which we have had for the past two years by the way), or deflation (overall drop in real prices). Core CPI (excludes food and energy) for May 2003, compared with May 2002 increased only 1.6%. It looks like the Fed will lower rates at next week’s FOMC (Federal Open Market Committee) meeting, primarily to take out additional insurance against deflationary forces. This is positive for housing, but it leaves the Fed with little “wiggle room” for future rate decreases. The rest of the world’s central Bankers have to do the same if this is going to be an effective strategy – “reflating the world’s economy”. The U.S. can’t do it alone because it creates too many imbalances (over valued currency, inflated stock market, trade deficits and so on).

Several weeks ago, I sent most of you an article from the WSJ (May 28) entitled “As Housing Buoys the Economy, It’s No surprise to Greenspan” (http://online.wsj.com/article/0,,SB10540683599243300,00.html). It’s worth reading again as it shows just how important housing has been in propping up an otherwise weak economy. One of the biggest impact has been through the process of “monetizing” home equity – that is – converting some of your home equity into money by mortgage borrowing (refinancing) secured by the equity in your home. \

Here is the chart by region:

http://two.leasingnews.org/temporary/Ushs.htm

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###Press Release############################################

HP and NetLedger Creating Integrated Technology Solutions for Small- and Medium-sized Business Market

NEW YORK----HP (NYSE:HPQ) and NetLedger, Inc., maker of Oracle(R) Small Business Suite,(1) today announced they are working together to offer complete technology solutions -- from hardware to online business management applications

-- targeted at small- to medium-sized businesses (SMBs).

The effort will enable SMBs to manage their entire business using HP products and NetLedger's NetSuite(TM), one of the most widely used front- and back-office business management software applications.

To promote the benefits of the companies' alliance, NetLedger and HP are hosting a luncheon here where they will perform a wireless technology demonstration of NetLedger's software applications on an HP Compaq Business Notebook nx7000 and a Compaq Tablet PC.

The initiative is scheduled to begin this month in the United States, home to more than 7 million SMBs, where HP and NetLedger will offer complete service, support and solutions that help small businesses increase productivity and efficiency while reducing IT costs.

"SMB customers are demanding simple, worry-free and affordable technology solutions that allow them to manage their business and focus on serving their customers," said Robyn West, vice president of small and medium business, Americas, HP Personal Systems Group. "The synergies created through our work with NetLedger will allow HP to deliver integrated solutions that help businesses with limited or no IT support staff get more value from their IT investments."

HP and NetLedger will market hardware and software solutions to customers through multiple channels, including solution providers. Current NetSuite and Oracle SMB solution providers will be offered the opportunity to participate in the HP agent program. HP resellers will be offered enrollment in NetLedger's solution provider program. Also, NetLedger will offer leasing and financing solutions to current and new customers through HP Financial Services as the designated leasing agent.

"Our partnership with HP is unprecedented in the fact that this will be the first such agreement we have entered into with any IT hardware provider," said Zach Nelson, president and chief executive officer, NetLedger, Inc. "This alliance will greatly streamline acquisition of turnkey solutions and will offer small businesses a predictable and reliable way to purchase integrated solutions for their company."

Pay-as-you-go Services

Delivered as online services, NetLedger applications start at approximately $50 per user per month and enable companies to manage all key business processes in a single, integrated system. There are no large, upfront license fees, no maintenance fees associated with hardware or software, and no complex set ups.

Leveraging a pay-as-you-go services model, NetLedger and HP will be able to deliver integrated hardware and online application software that can be used to manage key aspects of an SMB's entire operation -- accounting, payroll, sales and customer support, order processing, inventory management, Web site and Web-store creation and hosting.

Under the proposed agreement, these base operations would run on industry-standard HP ProLiant servers to perform provisioning tasks in NetLedger's data center loaded with NetSuite.

Since NetLedger's first online application launch in 1999, the company has surpassed the 7,000-customer milestone, making it the leading provider of integrated online enterprise resource planning and customer relationship management application services for small- and medium-sized businesses.

More information about HP and NetLedger's solutions is available at www.netsuite.com/hp.

About NetLedger, Inc.

Founded in 1998, NetLedger, Inc. is a leading provider of ERP and CRM application software for small and mid-sized businesses. In addition to NetLedger(TM) Advanced Accounting, NetCRM(TM), and NetSuite(TM), NetLedger's products also include Oracle Small Business Suite, which has won many prestigious industry awards, such as the PC Magazine Editors' Choice Awards in 2001 and 2002; PC World Best Bets 2001; PC World 2001 World Class Award; Forbes.com's Best of the Web 2001 and 2002; and Upside Hot 100 2002. Recently NetLedger's NetSuite has won five stars out of five from PC Magazine. NetLedger also provides enhanced, integrated solutions through its strategic partnerships including Yahoo! Inc. (Nasdaq:YHOO), Paytrust, and Innovative Merchant Solutions. The company currently has more than 7,000 companies using its products and the company's investors include Larry Ellison, StarVest Partners L.P., ADP and PaineWebber. For more information about NetLedger visit www.netledger.com.

About HP

HP delivers vital technology for business and life. The company's solutions span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium business. For the last four quarters, HP revenue totaled $70.4 billion. More information about HP is available at http://www.hp.com.

(1) The Oracle Small Business Suite name is used under license from

Oracle Corporation (Nasdaq:ORCL).

Oracle is a registered trademark of Oracle Corporation and/or its affiliates.

CONTACT:

James Barnes, 281/514-6990

james.barnes2@hp.com

NetLedger

Mei Li, 650/627-1063

meili@netledger.com

SOURCE: HP

[Headlines]

####Press Release###########################################

Two Version: Free ( text format) $59.95 yr ( html/website) Free 30 Day Trial

http://www.leasingnews.org/contact_us_news.htm

This edition is also available in an "up-grade" format, html, where you may

click on the headlines to go to the story, plus is also in this "new" format

posted daily on our website--- http://www.leasingnews.org/contact_us_news.htm

[Headlines]

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Classified Ads---Outsourcing---Back Office

Backroom: All Locations.Are you a broker or a rep for a major lessor? Want to just market and leave the backroom an packaging functions to us? Email:nationalbusinesscredit@yahoo.com

Back Office: Atlanta, GA. Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm in U.S. email:sales@taxpartners.com

Backoffice: Atlanta , GA. GlobalTech Portfolio Services provides world class lease, loan administration and asset management for equipment and vehicles. Current portfolios $1 billion. Contact Alan Zeppenfeld 678-816-2216 email:azeppenfeld@globaltechfinancial.com

Back Office: Laughlin, NV. 20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved. email:batarista@laughlin.net

Back Office: San Rafael, CA

We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management. Email:gmartinez@phxa.com

Back Office: Northbrook, IL Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/income tax, accounting, etc. Email:ngeary@edwinsigel.com

Back Office: Portland, OR

Tired of paying and training a documentation person? Cut your expense and try outsourcing. Ideal for any part of the USA Call for information 503-492-3183. Email:Trina.Drury@verizon.net

full list available at:

http://65.209.205.32/LeasingNews/JobPostingsOutsourcing.htm

[Headlines]

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News Briefs----

Apple Reveals Faster Computer

http://www.washingtonpost.com/wp-dyn/articles/A24836-2003Jun24.html

A recent article about Carmel Valley wine ( several very good golf courses

here, too, including Clint Eastwood’s)

http://two.leasingnews.org/Recommendations/Wine_N_Spirits/pages/carmel.htm

Here is a more complete section:

http://two.leasingnews.org/Recommendations/Wine_N_Spirits/pages/centralcoast.htm

And if you ever heard the song “Stuck in Lodi,” this article may disprove

http://two.leasingnews.org/Recommendations/Wine_N_Spirits/pages/lodi.htm

[Headlines]

Sports Briefs---

Vikings Going to Los Angeles?

http://www.twincities.com/mld/pioneerpress/sports/football/nfl/minnesota_vikings/6148517.htm

[Headlines]

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Highlights This Day in American History

1497-the first European to set foot on the North American continent after the Vikings was John Cabot ( also spelled Cabot, Cabotto, Caboote, Gabote, Calbot, or Talbot), a mariner who was probably born in Genoa, Italy. In 1496, King Henry VII of England granted Cabot a charter to sail west to Asia and set up a spice-trade monopoly. Cabot’s ship, a 70-foot caravel called the Matthew, embarked from Briston, England, on May 27, 1497, and arrived on the coast of Newfoundland---or possibly Maine---on June 24. After planting the English and Venetian flags, Cabot and his men spent a few hours exploring the landing site, then returned to their ship. http://www.nmm.ac.uk/education/fact_files/fact_cabot.html

http://etext.lib.virginia.edu/journals/EH/EH33/croxto33.html

1579-the first Christian religious service in English on the Pacific Coast was the Holy Communion service conducted at San Francisco Bay, CA, by the Reverend Francis Fletcher, who read from the Book of Common Prayer of the Church of England. Fletcher was chaplain on Sir Francis Drake’s ship, the Golden Hind, during its voyage of cirumnagation from 1577 to 1580. Drake named the place Nova Albion, Latin for New England. A 57 foot marble cross commemorates the event in Golden Gate Park, San Francisco, Ca. There is a controversy this day to where he actually anchored, many think it is Bolinas Bay in Marin County, as his log so indicates, and a plaque so describes ( but that is another story ). He navigated the North Coast of California. http://www.longcamp.com/nav.html

1647-The first woman in America to appeal for the right to vote was Margaret Brent, a niece of Lord Baltimore, the founder of the colony of Maryland. She came to America from England in January,1638, and was the first woman in Maryland to own property in her own name. She became one of the colony’s principal landowners and a person of influence, raising troop of soldiers in 1644. On June 24, 1647, she appealed for the right to vote in the colonial assembly by virtue of her position as secretary to Governor Leonard Calvert, asking for a “place and voyce,” but was ejected from the meetings. At the death of Calvert, she became his executor and acting governor, president over the General Assembly, but was refused a voice in the affairs of the government as “ it would set a bad example to the wives of the colony.” She moved to Virginia in 1650. http://www.earlyamerica.com/review/1998/brent.html

1714-considered the birthday of Matthew Thorton, signer of the Declaration of Independence, born at Ireland . He died this date ,1803,at Newburyport, MA. http://www.ushistory.org/declaration/signers/thornton.htm

1813-birthday of Henry ward Beecher, famous American clergyman and orator, born at Lichfield, CT. Died March 8, 1887, at Brooklyn, NY. His dying words were, “ Now comes the mystery.”

1869-Mary Ellen Pleasant, abolitionist, officially becomes Voodoo Queen in San Francisco, CA

1880- "O Canada," with music by Calixa Lavallee and French lyrics by Judge A.B. Routhier, was performed for the first time at the Skaters' Pavilion in Quebec City. Three bands, playing together, performed "O Canada" during a banquet at a national convention of French Canadians. Canada's future national anthem was reported to have been recieved enthusiastically.

1880- Agnes Nestor birthday - U.S. labor leader. AN emerged as the leader of the 1898 women glove-maker's strike in Chicago when she was only 18. The strike victory ended the pay deduction women had to pay for the rental of the machines the women used to sew gloves. A short time later she led the women into their own union because men did not always support women's needs. She held posts with the International Glove Workers Union for the rest of her life and served as president of the Chicago Women's Trade Union League 1913-1948.

She was a long time advocate of the eight-hour day that became a reality in 1937. Child labor, minimum wage, maternity-health, and women's suffrage were also part of her life's work.

http://www.kentlaw.edu/ilhs/images/hall/nestor.jpg

http://womenshistory.about.com/gi/dynamic/offsite.htm?site=

http://www.spartacus.schoolnet.co.uk/USAWkenney.htm

http://historymatters.gmu.edu/d/5728/

http://www.spartacus.schoolnet.co.u http://womenshistory.about.com/library/bio/blbio_nestor_agnes.htm/USAWnestor.htm

1885-the first Episcopal bishop who was African-[American was the Reverend Samuel David Ferguson, who was elected to the House of Bishops of the Protestant Episcopal Church. He was consecrated in 1885, at Grace Church, New York City as the successor of the Missionary Bishop of Liberia. http://newark.rutgers.edu/~lcrew/blackexperience.html

1895-birthday of William Harrison “Jack” Dempsey, boxer born at Manassa, CO. Dempsey boxed under several pseudonyms in western mining camps, came east and picked up Jack “Doc” Kearns as his manager. After defeating all available heavyweights, Dempsey took on champion Jesse Williard in Toledo, OH, on July 4, 1919. Dempsey won when Willard failed to answer the bell for the fourth round. He reigned as champ for seven years but defended his title only six times, losing to Gene Tunney in 1926. Following his boxing career, he became a successful New York restaurateur. Died at New York,NY, 1983.

1900-Blues singer-guitarist Memphis Minnie born Algiers, LA.
http://www.ping.be/ml-cmb/mmindex.htm

1916-birthday of John Ciardi, American poet, citric, translator, teacher, etymologist and author of children’s books, born at Boston, MA. John Anthony Ciardi’s criticism and other writings were often described as hones and sometimes as harsh Died at Edison,NJ, March 30, 1986. http://www.poets.org/poets/poets.cfm?prmID=697&CFID=9794231&CFTOKEN=6584556

1916 - The most lucrative movie contract to the time was signed by actress, Mary Pickford. She inked the first seven-figure Hollywood deal. Pickford would get $250,000 per film with a guaranteed minimum of $10,000 a week against half of the profits, including bonuses and the right of approval of all creative aspects of her films. Not a bad deal for the former vaudeville and stage actress, who once appeared on Broadway with Cecil B. DeMille in "The Warrens of Virginia" for a measly $25 a week.

1917- Portia White birthday - Afro-Canadian concert and operatic contralto.

Died 1968.

http://www.acappellacanada.ca/cdwhite/portia.html

1922 - The American Professional Football Association took on a new name. They decided to name themselves the National Football League

1929-Bessie Smith records sound-track for her only movie, “St. Louis Blues.” http://www.blueflamecafe.com/index.html

1930-Dr. Albert Hoyt Taylor and Leo C. Young of the Naval Aircraft Radio Laboratory, Anacostia, DC (now part of Washington DC), discovered radar by noting that airplanes reflect radio waves even though they fly above the transmitter and receiver, rather than between them.

1931- Lili de Alvarez shocks social propriety by playing at Wimbledon in shorts instead of the longish, hampering dresses that were de rigueur.

1936-Mary Jane McLeod Bethune, born in Mayesville, SC, in 1875, the daughter of slaves, became the first Federal administrator who was an African-American woman. President Franklin Delano Roosevelt named her director of the Negro Division of the National Youth Administration, thus becoming the first African-American woman to receive a major federal appointment. In 904, Bethune founded the Daytona Normal and Industrial Institute for Negro Girls, later known as Bethune-Cookman College, located in Daytona Beach,Fl. She was also the founder and first president of the National Council of Negro Women. In 1991, he home and offices in Washington, DC, were designated a national historic landmark. http://www.whitehouse.gov/kids/dreamteam/marybethune.html

http://www.nahc.org/NAHC/Val/Columns/SC10-6.html

1948-In the early days of the Cold War, the Soviet Union challenged the West’s right of access to Berlin. The soviets created a blockade, and an airlift to supply some 2,250,000 people resulted. The airlift lasted a total of 321 days and brought into Berlin 1,592,787 tons of supplies. Joseph Stalin finally backed down and the blockage end May 12, 1949.

1944-pianist/songwriter Bruce Johnston Birthday http://www.allmusic.com/cg/x.dll?UID=2:55:11|PM&p=amg&sql=B18553

http://www.del-fi.com/albumcovers/ac71228.html

(My high school friend, who also played piano in my band, and he

would reciprocate when someone was sick in his band and he needed

a replacement.)

1948-Thomas Dewey of New York became the first presidential candidate to be re-nominated after a defeat. He lost to Franklin Delano Roosevelt in 1944 and won re-nomination this day in 1948. He was defeated in the 1948 election by Harry S. Truman, Roosevelt’s vice-president who assumed office after the death of the president in office. The newspapers of the day had printed up early morning editions that “Dewey Won,” but Truman who stomped for election all over the United States pulled one of the biggest American political upsets. He won 24,104,836 popular votes to Dewey’s 21,969,500; the electoral vote was 304 to 189. Dewey actually received 22,006,285 votes in 1944 but only 99 electoral

votes. In the 1948 election, Strom Thurmond, States Right Democrat, 1,169,312; Henry A. Wallace, Progressive, 1,157,172, which pollsters said would draw

votes from Truman in the South. The key was Truman went out and worked for the votes, train stop- to-train stop, where the mustached Dewey and his advisors thought he had the election in the bag.

1949-“Hopalong Cassidy” premiered on television this day in 1949. A western series starring William Boyd in the title role as a hero who wore black and rode a white horse, Topper. The original episodes were segments edited from 66 movie features of Hopalong Cassidy and his sidekick, Red Connors ( Edgar Buchanan). The films were so popular that Boy produced episodes especially for TV with Gabby Hayes as his sidekick. During his reign, Hoppy had many sidekicks. It was popular for us boys to wear his two six guns and black hat. Television was about to introduce many Western heroes, as all the Saturday Western movies were brought back to the tube.

1951—Top Hits
Too Young - Nat King Cole
On Top of Old Smokey - The Weavers (vocal: Terry Gilkyson)
How High the Moon - Les Paul & Mary Ford
I Want to Be with You Always - Lefty Frizzell

1952- President Harry Truman signs the bill that directs women be commissioned officers in the Army, Navy, and Air Force as various medical specialists such as dentists, doctors, osteopaths, and veterinarians.

1952 - Eddie Arcaro set a thoroughbred racing record for American jockeys by winning his 3,000th horse race.

1953 - Al Kaline signed with the Detroit Tigers on this day (following his graduation from high school). The future all-star of the Tigers was 18 years old. http://www.baseballhalloffame.org/hofers_and_honorees/hofer_bios/kaline_al.htm
1957-Duke Ellington and Ella Fitzgerald session on Verve “ Take the A Train.”

1959—Top Hits
Personality - Lloyd Price
Lonely Boy - Paul Anka
Along Came Jones - The Coasters
The Battle of New Orleans - Johnny Horton

1961-President John F. Kennedy assigned Vice-President Lydon Johnson with

unifying the US satellite program, who played a significant role in bringing the

communication and space age to a leader in the world. http://memory.loc.gov/ammem/today/jun24.html

1967—Top Hits
Groovin’ - The Young Rascals
She’d Rather Be with Me - The Turtles
Windy - The Association
All the Time - Jack Greene
1970-On an amendment offered by Senator Robert Dole (R-Kansas) to the Foreign Military Sales Act, the Senate votes 81 to 10 to repeal the Tonkin Gulf Resolution. In August 1964, after North Vietnamese torpedo boats attacked U.S. destroyers (in what became known as the Tonkin Gulf incident), President Johnson asked Congress for a resolution authorizing the president "to take all necessary measures" to defend Southeast Asia. Subsequently, Congress passed Public Law 88-408, which became known as the Tonkin Gulf Resolution, giving the president the power to take whatever actions he deemed necessary, including "the use of armed force." The resolution passed 82 to 2 in the Senate, where Wayne K. Morse (D- Oregon) and Ernest Gruening (D-Alaska) were the only dissenting votes; the bill passed unanimously in the House of Representatives. President Johnson signed it into law on August 10. It became the legal basis for every presidential action taken by the Johnson administration during its conduct of the war.

1972 - "I Am Woman", by Helen Reddy, was released by Capitol Records. The number one tune (December 9, 1972) became an anthem for the feminist movement. Reddy, from Australia, made her stage debut when she was only four years old. She had her own TV program in the early 1960s. Reddy came to New York in 1966 and has appeared in the films "Airport 1975", "Pete’s Dragon" and "Sgt. Pepper’s Lonely Hearts Club Band". Reddy also had four million-sellers: "I Am Woman", "Delta Dawn", "Leave Me Alone (Ruby Red Dress)" and "Angie Baby". She had a total of 14 hits on the pop music charts. http://www.helenreddy.com/ 1983-Pitcher Don Sutton of the Milwaukee Brewers struck out Alan Bannister of the Cleveland Indians, the 3,000^th strikeout in his career. The Brewers won, 6-2. Sutton wound up his career with 3,574 strikeouts.

    1975—Top Hits
Love Will Keep Us Together - The Captain & Tennille
When Will I Be Loved - Linda Ronstadt
Wildfire - Michael Murphey
You’re My Best Friend - Don Williams
    1983—Top Hits
Flashdance...What a Feeling - Irene Cara
Time (Clock of the Heart) - Culture Club
Electric Avenue - Eddy Grant
You Can’t Run from Love - Eddie Rabbitt
    1984-Joe Morgan of the Oakland A’s hit the 256^th home run of his career to break the record held by Rogers Hornsby for most home runs by a second baseman.

1985 - The 1983 Heisman Trophy winner, Mike Rozier, jumped from the United States Football League to the Houston Oilers of the NFL. Rosier signed for more than two million dollars over a four-year period.

1991—Top Hits
Rush, Rush - Paula Abdul
Losing My Religion - R.E.M.
Unbelievable - EMF
The Thunder Rolls - Garth Brooks

1992 - Portland, Oregon became the first city outside of New York to host the NBA (National Basketball Association draft). At the Portland Memorial Coliseum, the first overall pick went to the Orlando Magic who picked 7'1" center Shaquille O’Neal of LSU.

1998 - AT&T announced that it was buying cable TV giant TCI for $31.7 billion. The deal let AT&T move closer to its goal of providing local phone and high speed Internet service to millions of U.S. homes

Stanley Cup Champions This Date

1995 New Jersey Devils

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