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Friday, June 17, 2005 Headlines--- Classified Ads—Collector/Controller/Contract Admin. ######## surrounding the article denotes it is a “press release” ---------------------------------------------------------------- Classified Ads—Collector/Controller/Contract Admin. Collector Boston, MA. Jacksonville, East Brunswick, FL. Controller Seattle, WA Southeastern, MI. Contract Administrator New York, NY. Portland, OR. For all “job wanted” ads please go here: To place your free “job wanted” ad, please go here: ----------------------------------------------------------------- #### Press Release ##################### CIT Small Business Outlook Reaffirms Resiliency in Small Business Sector Small Businesses are Challenged by Rising Healthcare Costs NEW YORK, -- Nearly 70 percent of small businesses have performed well over the past 12 months, in comparison with the U.S. economy, according to the third edition of the CIT Small Business Outlook, a nationwide survey conducted jointly by CIT Group Inc. (NYSE: CIT) and BusinessWeek Research Services. The survey also found that small business owners and executives continue to have an optimistic outlook for the future success of their own businesses for the second consecutive year. "The positive responses expressed in the CIT Small Business Outlook confirm the resiliency of the U.S. small business market," said Tom Hallman, Vice Chairman of CIT's Specialty Finance group. "In fact, a significant number of decision makers at small businesses believe this is a good time to invest in their organizations. The level of confidence demonstrated by America's entrepreneurs is a strong signal that small businesses will continue to help fuel U.S. economic growth." The semi-annual survey provides insightful information about the current state of small business in the United States. Highlights of this survey include: * 85% of small businesses expect their 2005 gross annual sales to be higher than their 2004 revenue * 75% believe that this is a good time for companies to invest in their organizations * 64% expect that the reason for their increased revenue will be the addition of new accounts and customers * 42% expect to increase revenue by expanding into new markets or customer bases * 57% are confident about the future of the U.S. economy Sales growth is a top priority for half of small businesses in 2005, but managing healthcare is also important. The results of CIT Small Business Outlook provide an in-depth look at current and future healthcare issues facing this business segment and the overall climate of small businesses. Three out of four small businesses (75%) provide some type of health benefits to their employees and almost eight in ten believe that their benefits are as good, or better, than the benefits offered by larger companies. Although these benefits are costly, 44 percent of small businesses feel that their businesses are growing fast enough to support these costs. However, 82 percent of small businesses have difficulty dealing with insurance companies' administration and bureaucracy. Additional significant findings include: * Less than one-third of small businesses transfer the healthcare burden onto their employees by increasing deductibles (32%), increasing employee contributions (29%), reducing healthcare benefits (21%), reducing the number of employees (7%), or reducing other benefits (6%) * 39% proactively manage healthcare costs by fostering a safe and healthy workplace * 56% plan for the rising costs of healthcare * 37% consider universal healthcare benefits is the best solution to long-term healthcare cost concerns Many small businesses effectively manage their healthcare benefits, but small business leaders foresee major challenges on the horizon. Sixty percent of survey respondents believe that healthcare costs may damage the growth of the U.S. economy and more than half expect healthcare price increases to outpace their budgets within the next five years. "As a leading provider of loans to small businesses, we understand the issues that small businesses face," stated John Canning, President of CIT Small Business Lending Corporation. "Notwithstanding the current healthcare issues, the small business sector continues to remain strong and plays a powerful role in the U.S. economy." About the CIT Small Business Outlook The third phase of the CIT Small Business Outlook continued to monitor issues that were explored in the first two phases of the CIT Small Business Outlook, such as current and future business conditions, spending and investment intentions and sales revenues. This study also focused on current and future healthcare issues for small businesses. The Outlook, conducted jointly by CIT and BusinessWeek Research Services, collected responses from a sample of 453 companies nationwide with approximately 5 to 100 employees and revenues of $15 million or less. The study participants represent more than 40 types of businesses and industries, with a high concentration in consulting services, information technology, healthcare pharmaceuticals, publishing, financial services, real estate, manufacturing, and construction. About CIT Small Business Lending CIT Small Business Lending Corporation, a business unit of CIT Specialty Finance, offers Small Business Administration (SBA) loans to finance business acquisitions, owner-occupied real estate purchases and franchise and medical and professional practice start-ups through a network of field representatives. The nation's No. 1 SBA lender, CIT Small Business Lending Corporation has been designated a "Preferred Lender" by the SBA and can provide quick credit decisions and loan closings. The company's website and online SBA loan application are located at http://www.smallbizlending.com. About CIT CIT Group Inc. (NYSE: CIT), a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services. Founded in 1908, CIT has nearly $60 billion in assets under management and possesses the financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries. CIT, a Fortune 500 company and a component of the S&P 500, holds leading positions in vendor financing, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending. CIT, with its principal offices in New York, New York, and Livingston, New Jersey, has approximately 6,000 employees in locations throughout North America, Europe, Latin and South America, and the Pacific Rim. For more information, visit http://www.cit.com. About BusinessWeek Research Services BusinessWeek Research Services (BWRS) is the custom marketing research division of BusinessWeek with more than 50 years of combined experience. This group of research experts regularly conducts primary research studies for established companies including technology and financial clients as well as leading agencies. For more information about BWRS, please contact Chris Rogers at Chris_Rogers@businessweek.com. SOURCE CIT Group Inc. #### Press Release ##################### Federal Reserve Beige Report---12 Districts ''Reports from all 12 Federal Reserve districts indicated that business activity continued to expand," according to the survey released yesterday in Washington. ''Labor market conditions continued to improve in most districts and several reports cited difficulty in finding specific types of workers." The survey, called the beige book because of the color of its cover, suggests the economy is growing in most industries and in all regions without spurring faster inflation. Federal Reserve chairman Alan Greenspan told Congress on June 9 that the United States is on a ''firm footing and underlying inflation remains contained." ''There's very little inflationary pressure building," said Ross DeVol, an economist for the Milken Institute in Santa Monica, Calif., in an interview. ''There's nothing out there to cause the Fed alarm." Most districts ''characterized the pace of expansion as moderate, solid or well-sustained," the report said. The Boston Fed reported that economic growth continued in the region, although some sectors lagged behind the overall pace. Retailers cited healthy sales increases. Sales of lumber and hardware were especially strong as the housing boom continued. Many manufacturers, however, described business as merely OK, if not disappointing. Manufacturers remain concerned about high costs for raw materials. Retail activity was mixed. Several Districts reported disappointing May retail sales results and cited unseasonable weather as the principal reason. A few reports mentioned that high gasoline prices were having a negative impact on sales. Reports on residential real estate markets remained quite positive overall, although some slowing in activity was noted in a few markets.For most Districts reporting on financial services, the demand for loans either increased or remained solid. Labor market conditions continued to improve in most Districts, and several reports cited difficulty finding specific types of workers. Summary Report available here: Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco Full Report: ---------------------------------------------------------------- Dash in Norfolk, Virginia The above picture was taken when Dash graduated the Great Lakes Naval Training School. I like it because it shows him with his arm around me. To you who still have a father alive, let me tell you that is the best Father's Day present you can give: put you arm around him and let him know how much you love and appreciate him. Dash is going back to the waters of Kuwait in a special unit, something he volunteered for. Here is part of a message he sent from Norfolk, Virginia: “I've got a lot of training ahead...definitely in the military here(lol)! “...currently I'm in charge of my new boat unit ... #42 that's my crew #42. we are under Coastal Warfare , Squadron 4.. we are soo new no one knows anything about it. “It is funny. My crew is made of 8 crackerjack sailors...die hard guys... “We will be "Brown Water Sailors" after all our extensive training. I now wear the jungle green basic issue battle dress uniform similar to our Marines... actually it is the same uniform, just US NAVY insignia.” ----------------------------------------------------------------
Classified Ads---Help Wanted Account Executives
Sales / Sales Representatives
---------------------------------------------------------------- Sal Maglietta, USbancorp president and CEO of U.S. Bancorp Equipment Finance, gets a pledge from Michael Jackson for Father's Day this weekend. “No more sleeping with young boys as it doesn't look good to the public, even if nothing happens “ he told him. “ You are making pop singers like Madonna, P Diddy Daddy and Ice Cops look too good.” Michael told him he won't do it any more. He just wants to sing and dance, again. Maglietta said his company would lease him a portable dance floor with lights that he could take on concerts, .038 for three years, first and last two, $150 doc fee.” -----------------------------------------------------------------
#### Press Release ##################### Petropulos Joins Orix Financial Services Equip. Fin. Group ORIX Financial Services, Inc. is pleased to announce that Peter A. Petropulos has joined the Equipment Finance Group as Vice President, Senior Account Executive. Peter will be responsible for EFG's growing direct customer penetration and initiative with respect to Middle Market Construction, Transportation and Mining segments in PA, WV, MD and Ohio. Pete brings 25 years of industry experience and expertise in these markets back to ORIX where he previously spent over 3 years. Prior to his recent return to ORIX he spent a year at GMAC, 7 years at CIT and 15 years at GE Capital. John Crum, Senior Vice President and National Sales Manager of the Equipment Finance Group, states, “Pete brings a wealth of talent and proven experience to our CTS team and we are honored to have him back at ORIX. His years of business, calling directly into our core CTS markets will serve him well in becoming a material contributor to our team. He will be responsible for growing our direct sales originations in the Pennsylvania, West Virginia, Maryland and upstate New York territory.” #### Press Release ##################### World Leasing Yearbook
Official release of the Leaseurope Ranking of Top Brussels, the 16th of June – a record 189 top European leasing companies in the 2004 Leaseurope ranking survey. Leaseurope, the European Federation of Leasing Company Associations, is pleased to present its fourth consecutive ranking of Top European Leasing Companies. In the aim of improving the visibility of European leasing companies and promoting leasing as an accessible and favourable source of finance, the ranking is released to the public at large for the second year in a row. In the Leaseurope Ranking, European leasing companies are ranked once a year according to the total value of their new contracts. Figures shown below represent the new production of parent companies on a consolidated basis for 2004. This year, 189 organisations in total responded to the survey, out of which 72 are parent companies, located in 27 different countries (both EU and non-EU member states). The companies presented in the ranking are members of the 27 national leasing associations covered by Leaseurope, which in turn represent more than 1,200 European leasing companies. Grouped together within the Leaseurope Federation, these national associations represent more than 92% of the entire European leasing market. With 130 Billion € worth of new contracts, the companies surveyed represent about 70% of the total 2004 Leaseurope market. The top ten companies of the 2004 ranking account for 49% of the value of new contracts included in the survey and for 28% of the total Leaseurope market. It is important to note that the ranking is based on data provided on a voluntary basis by the companies themselves and that the released figures cover European activities only. All data provided has been submitted to the Leaseurope member associations for confirmation. As with the previous surveys, additional validation steps have been carried out to ensure the consistency and objectivity of the ranking. The results of the ranking combined with the yearly European leasing statistics published by Leaseurope once again demonstrate the continued success of leasing as a means of finance. Mr Alain Vervaet, Chairman of Leaseurope, drew attention to the fact that “in spite of slowing investment rates and a generally sluggish economic climate, leasing has continued to grow in importance for a wider range of users”. In 2004, Leaseurope members financed approximately 15% of gross fixed capital formation in Europe and Leaseurope estimates that the total new leasing production in Europe represents about 20% of all investment made during the course of last year. First let me take this opportunity to thank you for publishing Leaseurope's ranking in Leasing News. We greatly appreciate this increased visibility among your readers. The contacts however should be as follows: Alain Vervaet Margaret Waldren ### Press Release ###################### WestLB Has Completed the Sale of Boullioun Aviation Services DUSSELDORF, Germany----WestLB confirmed that it has completed the sale of Boullioun Aviation Services to Aviation Capital Group yesterday. The total consideration amounted to approximately U.S. $2.65 billion. WestLB has owned the Seattle-based aircraft leasing company, which provides commercial airliners on operating leases to a variety of carriers worldwide, since 2001. Citigroup Global Markets acted as advisor to WestLB. WestLB AG New York Connie J. Kain, 212-597-1439 Cell: 917-596-1904 connie_kain@westlb.com or WestLB AG London John Godfrey, 011-44-20-7020-2221 Cell: 011-44-77-4776-1071 john_godfrey@westlb.co.uk #### Press Release ##################### Siemens Financial Services Study Points Towards Global Tech Spending Rebound; Spending Increasing, Replacement Cycles Decreasing Across U.S. and Europe ISELIN, N.J.---American and European companies are once again making investments in new technology a priority, according to a study released today by Siemens Financial Services. The Siemens research project, completed in May, revealed that most companies on both sides of the Atlantic increased tech spending in 2004 and plan to continue doing so over the next year. Those companies spending more this year intend to invest at a higher rate than those who increased spending in 2004. Among the key findings of the Siemens research are: -- 67% of U.S. companies report an IT spending rebound, with half planning to increase current levels this year. -- On most indicators studied, Germany tends to lag behind other countries, but shows strong signs of mirroring the technology investment growth path of its European neighbors. -- IT replacement cycles are longest in the U.S. and France, shortest in the U.K. and Germany. -- Server replacement cycles are longest in the U.S. and U.K. -- Technology finance is strongly available in the U.S., U.K. and France, less so in Germany. "It's clear that companies are viewing technology as a key enabler of future success," said Bill Zadrozny, president and CEO of Siemens Financial Services, Inc. "Our research shows that investment in IT equipment and software is rising, resulting in increased efficiency and productivity." "The impetus for more regular IT upgrades in Europe's major industrial nations reflects the region's reputation for intelligently investing in technology to drive growth," said Kari Kupila, head of Equipment and Sales Financing for Siemens Financial Services. "We expect technology investment levels to continue to increase, an indicator that the health of European business is consistently improving." Further information on the SFS study is available at www.siemens.com/sfs. In addition, Mr. Zadrozny and Mr. Kupila are available to discuss the research findings in greater detail, as well as provide insight into the current corporate spending landscape and factors driving IT investments and financing strategies. To arrange an interview, please contact Rory Mackin at About Siemens Financial Services With some 1,600 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services (SFS) Group offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. SFS's key customers are above all internationally active industrial and services companies, as well as public-sector operators. SFS supervises 21 leasing companies worldwide. Further information: www.siemens.com/sfs Siemens Financial Services, Inc. is one of Siemens' operating companies in the United States. The people of Siemens Financial Services, Inc. build relationships to deliver customized commercial financing solutions. SFS is led by industry veterans who work to ensure quick, quality financing. With expertise in Asset-Based Lending, Equipment Financing, Commercial Trade Finance and Vendor Financing, each transaction is tailored to fit the specific borrowing needs of the client. About Siemens Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $91.5 billion in fiscal 2004. Founded more than 155 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 70,000 people throughout all 50 states and Puerto Rico. Thirteen of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 440,000 people in 190 countries. For more information on Siemens in the United States: www.usa.siemens.com. Siemens Financial Services, Inc. Brian Galloway, 732-476-3498 brian.galloway@siemens . #### Press Release ##################### Genesys Systems, Inc. Joins the Finance Express Auto Finance Program RANCHO SANTA MARGARITA, Calif., Finance Express, which operates the first online auto finance platform specifically designed for the independent dealer, today announced that it has signed an agreement with Genesys Systems, Inc. to join its online auto finance program. Genesys Systems, Inc. provides more than 1400 used car dealers around the country with finance and insurance systems and other technology products. Through its program integration with Finance Express, Genesys will be able to accelerate and automate the auto finance process for its independent dealers throughout the United States. About Finance Express Finance Express provides financing programs for all levels of credit through 31 national and regional lenders. It offers an integrated menu of services including credit application processing, credit bureau access, inventory management, electronic contracting, dealer management tools and licensed escrow services. It is a comprehensive solution that provides auto dealers with online access to lenders, credit bureaus and DMS tools and at the same time, through its fully licensed escrow company, provides auto lenders with a method of completing their transactions safely and securely. About Genesys Genesys was founded in 1986 to provide low-cost, professional, personal computer based systems and software to auto dealerships for F&I, customer tracking, leasing and more. Genesys has provided support to more than 1400 customers and supports dealers in 48 states. Additional information regarding the programs offered by Genesys is available at http://www.gensystem.com. Ted Cooper, the Founder of Genesys said, "In our 20 years we've been very careful who we partner with - reputation is everything. We're happy to be involved with Finance Express. The dealer that uses Genesys Lot Management software and Finance Express will be miles ahead of their competition, and they'll make more money." The President of Finance Express, David Huber, said, "The addition of Genesys to the Finance Express program will be a significant benefit to all of our participating dealers. Genesys is a quality company, and we are pleased that they appreciate the value of the FEX technology and have selected us to be their partner." Additional information on Finance Express may be obtained by contacting David Huber at dhuber@financeexpress.com. Contact: David L. Huber Finance Express (949) 635-5892 dhuber@financeexpress.com This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com ### Press Release ###################### De Lage Landen adds Public Finance Capabilities WAYNE, Pa., – De Lage Landen Financial Services, a leading international provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announces the addition of a new business unit, named De Lage Landen Public Finance. The new business unit will be managed by a seasoned team of Public Finance professionals, and will offer finance products to federal, state and local governments, and tax-exempt entities. Robert Neptune, President of De Lage Landen Public Finance: “The combination of De Lage Landen's vast experience in supporting Vendor financing and our experience with government financing will allow De Lage Landen to serve the market with one of the broadest product lines available for municipal and federal financing.” De Lage Landen Public Finance will start offering various types of financing through vendor partnerships and directly to governmental entities within the next few months. Bill Hall, Executive Vice President and Chief Commercial Officer of De Lage Landen Financial Services: “We are very excited about the opportunity to offer another value added product within the vendor's distribution channel. This product offering should turn into a win-win solution.” De Lage Landen is a Netherlands based international provider of high-quality asset finance and vendor finance programs. The global offering also includes an array of commercial finance solutions. With a presence in more than 20 countries throughout Europe, the Americas and Asia Pacific the company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Telecommunications, Technology Finance, Materials Handling & Construction Equipment and Financial Institutions. In its domestic market the company offers Equipment Leasing, Car & Commercial Vehicle Leasing, ICT Leasing, Consumer Finance and Trade Finance through local Rabobanks but also direct to market. De Lage Landen is a wholly owned subsidiary of the Dutch Rabobank Group that is AAA-rated by Moody's and Standard & Poors. Over 2004 De Lage Landen grew its net profit to $ 174 million and its balance sheet total to $ 20 billion. For more information, please visit our website: #### Press Release ##################### ---------------------------------------------------------------- News Briefs---- Earthquake shakes Southern California, but no damage reported Third Major Earthquake in Three Days/Near San Andreas Fault Mortgage rates rise for first time in five weeks Housing Starts Rose in May; Pace Is Fastest Since February More sell homes to lock in big gains More homeowners cash out homes Prices dip; factory output rises Government's tax take hits an all-time high Fitch Report: U.S. Telecom Industry Regulatory Review ---------------------------------------------------------------- Sports Brief--- Pistons' Defense Foils Spurs Once More ---------------------------------------------------------------- “Gimme that Wine” Wine Institute elects Eric Wente chairman Waiting for Washington Syrah Direct-shipping bill passes Connecticut legislature Sommeliers launch new qualification Ohio Wine Month: A Perfect Time to Tour Ohio Wine Country Don't call Walla Walla ‘the next Napa' New winery hopes to splash in on popularity ---------------------------------------------------------------- Today's Top Event in History 1954-Televised Senate Army McCarthy hearings ends; perhaps the finest hour of this medium which exposes McCarthy as a charlatan who many are afraid to oppose because they do not want to be labeled a communist ( ironically, McCarthy never exposed one unknown communist). ---------------------------------------------------------------- This Day in American History 1579- the expedition of Sir Francis Drake anchored in a harbor just north of present-day San Francisco Bay in California, during drake's celebrated circumnavigation of the globe. Drake named the land Nova Albion and claimed it for England. The members of the expedition spent a month repairing their ship. Then on July 26 Drake sailed from California, continuing north and then west across the Pacific Ocean. The precise spot that Drake and his men landed and stayed for a month is a controversy between historians and the actual spot bay is not known. All Drake's records were destroyed for political reasons and this event is also part of the controversy. ( Encyclopedia of American Facts, Gordon Carruth ). ****by the way, Bruce Johnston's birthday is June 24---learn more about him ( the girls used to fight over him)w.geocities.com/Hollywood/Lot/3813/ Extreme Is the Word In sports today, the crazy zizz of skateboard wheels, Written by Tim Peeler Happy Father's Day | ||||||||||||||||||||||
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