Wednesday, June 14, 2006
National Flag Day (please see Calendar events, click here) Headlines--- Classified Ads---Internet locations ######## surrounding the article denotes it is a “press release” Constant Contact: Our regular web master who posts the daily editions is on vacation, so please excuse the previous edition. Several reported it would not open, while others had no difficulty with the “Constant Contact” e-mail. If this edition does not open, you may go direct to: www.leasingnews.org
------------------------------------------------------------------------------- Classified Ads---Internet locations
San Francisco , California ---Herb Caen Day* www.adams-inc.com For a full listing of all “job wanted” ads, please go to: http://64.125.68.91/AL/LeasingNews/JobPostings.htm To place a free “job wanted” ad, please go to: http://64.125.68.91/AL/LeasingNews/PostingForm.asp Herb Caen Day story: http://www.sfgate.com/cgi-bin/article.cgi?file=/g/a/1996/06/14/ellar960614.DTL * Golden Gate Panorama 503-625-7937 Available in:17.5x48 inches 21x57 inches 24x66 inches 11x31 inches 15x42 inches 24x20;24x16;24x20 28x23;28x19;28x23 34x28;34x24;34x28 16x36 frame 21x48 frame *First price = wall print framed in Brushed Aluminum; 2nd price=wall print framed in wood of your choosing. Also available on flat or float board; the resulting framed images are slightly larger than print size. http://www.strengthinperspective.com/zzzcloser/ALLpans/panSanFran.htm ---------------------------------------------------------------- More info on “Fee” Class Action Lawsuits by Christopher Menkin Right now the “Class Action Attorneys” have ear-marked the large small ticked lessors, who most likely have not made any disclosures regarding the “handling fees” or “ profits” in insurance coverage, UCC filings, or documentation, which are being labeled “garbage fees” or “profits not disclosed to customers.” You can be sure those with 10,000 leases will be hit, and perhaps once the milk run is made, next will be Financial Pacific, Marlin, Pawnee, just to name a few. In reality, they may have been served already, as few of the leasing companies Leasing News had contacted are willing to share information.. As the class action attorneys are winning these cases, they are learning about other items in the unlicensed business of equipment financing. Citicapital, De Lang Landen, GE Capital, and Pitney Bowes class action complaints and settlement documents, and the DLL settlement document (the first case brought and settled regarding lease insurance) follow this story. These were all obtained from the various courts and are public documents. http://www.leasingnews.org/PDF/Citicorp_6th_Complaint.pdf ---------------------------------------------------------------- SEC Launches New Search Tool
More than a million corporate and mutual fund reports are now available and fully searchable via the SEC's new online EDGAR database. Investors and analysts can search the full text of every SEC document filed by companies within the last two years to quickly and easily identify and retrieve mutual fund filings by fund or share class. http://www.sec.gov/edgar/searchedgar/webusers.htm ---------------------------------------------------------------- Romoff's Key Sales Person Leaves Jean Cutting is one of the first to leave ICB Leasing Corp., which was merged into Sovereign Leasing. Almost 30 employees, in operations and sales, are moving or looking elsewhere, some have been let go. Cutting was senior indirect originator at ICB, where she was responsible for purchasing middle-market leases and loans from independent lessors and bank leasing companies. Prior to that, she worked in various capacities for Bank of America Leasing, IBJ Schroder Leasing, and American Brands, Inc. In total, Cutting has 22 years of experience in the equipment finance industry. U.S.Bank Equipment Finance grabbed her in a hurry, naming Ms. Cutting “vice president and sales associate” for third party finance, a specialty unit within the vendor finance group. U.S. Bank Equipment in a press release said, “Cutting is responsible for finding, building and managing funding relationships with independent and small bank-owned leasing companies as well as intermediaries in the eastern region. “ Originally working in New York City , she now is located in New Jersey . “We're very pleased to have Jean join third party finance. She's a significant addition to this team, bringing with her years of experience and a wide range of existing business contacts,” said Ed Cipro, vice president and managing director of third party finance and capital markets finance at U.S. Bank Equipment Finance. She is a graduate of St. John's University , Staten Island , N.Y. Cutting resides in Morris County, N.J., with her husband and two teenage sons. U.S. Bank Equipment Finance, one of the largest bank-affiliated equipment finance companies in the nation, has been providing quality equipment finance solutions for 35 years. It's a major funding source for companies in virtually every industry sector nationwide. Visit U.S. Bank Equipment Finance on the web at www.usbank.com/leasing. U.S. Bank Equipment Finance is part of U.S. Bancorp (NYSE: USB). With assets of $210 billion, is the 6th largest financial holding company in the United States . The company operates 2,430 banking offices and 4,941 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. ---------------------------------------------------------------- Sales Makes it Happen---by Steve Chriest
Keeping the main activities of sales in mind - prospecting, qualifying, facilitating orders, closing business, maintaining customer relationships, and reporting activities to management – should help salespeople and managers prioritize and allocate selling time. Does anyone really need a time management class to tell them to do essential selling activities and stop doing everything else during selling hours? Whether a salesperson prospects as a “hunter,” or is continually on the lookout for additional opportunities to do more business with existing customers, prospecting for business is the second most important activity for all salespeople. Why? Without a constant flow of new prospects, or new prospective business from existing customers, a sales pipeline or funnel quickly runs dry. As business from a number of prospects and customers begins to move through the salesperson's pipeline, time must be spent facilitating activities that cause that business to move toward closing. It's here that salespeople waste most of their time. Whether the salesperson is at fault, or whether operational inefficiencies make it necessary for salespeople to baby-sit order processing, this activity robs many salespeople of precious selling time. Salespeople must spend some time cultivating and growing their relationships with customers. This essential activity can take many forms, from regular visits to the customer's place of business, researching solutions to customer challenges, to arranging entertainment events like business lunches and dinners, sporting events and so on. Not surprisingly, effective time management is a challenge for many salespeople and sales managers. What is surprising is how much time and money is spent by sales organizations desperate to teach their sales teams how to spend their work time wisely and efficiently. Even a cursory look at the essential activities of salespeople reveals all you need to know about time management for the sales team. For most salespeople, there are only six essential tasks for which they are responsible – prospecting, qualifying, facilitating orders, closing business, maintaining customer relationships, and reporting activities to management. With the exception of continuing education, a salesperson can plan his or her days, weeks, months and years around these essential activities. The trick is to exclude as many activities as possible that do not impact at least one of these essential tasks. A major sales consulting firm estimates that most salespeople spend no more than six percent (6%) of their available working hours talking to prospects and customers in person or on the phone about whether the customer or prospect wants to grow their business or fix a problem in the business. Finally, as bitter a pill as it is for salespeople to swallow, some time must be spent reporting activities and the results of activities to sales management. After all, if sales managers did not receive reports from their team, what on earth would they do with their time? But seriously, management should always require reports from the sales team, not for the purposes of micromanagement, but for the value of the intelligence to be gained from feedback reported by the sales team. Note: This Friday Mr. Chriest will examine the role of the sales manager as coach, and we will explore how sales managers might go from good, to great, to extraordinary coaches of their sales teams. Copyright © 2006 Selling Up TM . All Rights Reserved. About the author: Steve Chriest is the founder of Selling Up TM (www.selling-up.com), a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He is also the author of Selling Up , The Proven System for Reaching and Selling Senior Executives. You can reach Steve at schriest@selling-up.com .
---------------------------------------------------------------- Classified Ads---Help Wanted Account Executive
Jr. Analyst
Operations Manager
VP-Manager of Equipment Lease Division
----------------------------------------------------------------
---------------------------------------------------------------- FASB Unwilling to Kill Contentious Rules ABSnet The Financial Accounting Standards Board decided to rework some proposed changes to FAS 140, the principal set of accounting rules for securitizations in the U.S. The move defeated a call by board chairman Robert Herz and members George Batavick and Leslie Seidman to scrap the planned revisions altogether and concentrate on replacing the entire set of guidelines. At issue is a so-called exposure draft from FASB outlining suggested revisions to FAS 140 procedures for "transfers of financial assets." In the end, the board instructed its staff to work on modifying some of those changes, which have drawn widespread criticism from securitization professionals. However, the board refused to reconsider a few issues that industry players had hoped it would take up. It will discuss the matter again on June 28. One of the main areas of contention is a section that covers how much a company involved in an asset-backed transaction stands to benefit from the deal. Market players complain that FASB's suggestions are too vague, and even the board's seven members disagree about how companies that retain some connection to their securitized assets would be treated under the amended rule. The idea behind revising FAS 140 in the first place was to improve reporting requirements for companies involved in securitizations, reduce the complexity of the rules and bring them in line with evolving accounting standards in Europe . But the current proposal only supports existing practices and "fails to simplify anything," Herz said. FAS 140 has drawn heavy fire since 2001, when it replaced FAS 125. Questions about how to interpret FASB rules usually taper off over time, but FAS 140 still generates "almost nonstop requests for clarification," project manager Pat Donoghue said. In fact, inquiries about FAS 140 have actually increased and become more complex over the last two years. Hence, the defeated call to replace the rules with an entirely new set of guidelines. Herz, Batavick and Seidman endorsed a suggestion by Donoghue to launch a research project that would pave the way for such a move. "I'm not confident that we're going to be able to improve 140," Batavick said. "Every time we suggest a change, it leads to a different implementation problem." FASB members Katherine Schipper, Edward Trott and Donald Young also voiced support for replacing FAS 140. In the meantime, however, they want to keep working on the changes already on the table. Board member G. Michael Crooch, who couldn't attend the Norwalk , Conn. , meeting, also told Herz that he's in favor of making possible changes to the proposed revisions. "I don't believe we can leave these questions unanswered," Trott said. The exposure draft that FASB is currently discussing was among three proposals for changing FAS 140 that FASB introduced in August. The two others, which the board approved in February and March, take effect on Sept. 15. One of those rules, called FAS 156, covers loan servicers. The other, FAS 155, governs how certain types of derivative instruments are treated in securitizations. It also amends accounting practices under the separate FAS 133. --------------------------------------------------------------- Direct Capital Expands Debt Financing Portsmouth , NH – Direct Capital Corporation recently closed a $20 million warehouse facility and expanded its lease-backed commercial paper conduit securitization transaction to $100 million. The warehouse is agented by National City Bank; the securitization program is agented by DZ Bank AG Deutsche Zentral-Genossenschaftsbank. (February,2005 it was $50 million: http://www.leasingnews.org/archives/February%202005/02-11-05.htm#direct ) The completion of these transactions supports Direct Capital's continued growth and expansion across the U.S. “The closing of these transactions is further evidence of the success of Direct Capital's focused strategy to bring simple, fast and cost effective capital to businesses across the U.S. ” commented Christopher Broom, Direct Capital Chairman. Christos Kytzidis, Senior Vice President, National City Bank noted, “We have followed Direct Capital for several years. The Company has built a very strong management team, superior origination and servicing infrastructure and most recently an enhanced funding platform – all which will enable it to deliver strong financial results. We have analyzed the Company's strategy, and we are very excited about the opportunity to become its strategic partner.” Daniel Marino, First Vice President of DZ Bank's Asset Securitization Group, added, “Direct Capital is a recognized leader in the leasing industry. We are pleased to grow with them as we continue our long and prosperous relationship.” Established in 1993, Direct Capital provides equipment and technology finance solutions to businesses nationwide. The company markets its services through direct relationships with equipment purchasers and through partnerships with vendors, dealers, and manufacturers of capital equipment. Superb execution on its exceptional and unique service delivery model is the cornerstone of Direct Capital's success in an increasingly commoditized financial services industry. Direct Capital recently expanded its product offering to include a wide variety of mortgage products with its acquisition of Direct Mortgage Services, Inc. and establishment of Direct Capital Settlement Services, Inc. Direct Capital has over 200 employees and is headquartered in Portsmouth, NH with satellite offices in AZ, NY, NH, HI, CT and FL. DZ Bank's Asset Securitization Group offers structured asset and receivables financing for a wide variety of clients and asset types. ASG's unique financing programs are tailored to satisfy a company's capital needs through various forms of execution, including asset-backed commercial paper programs funded through DZ Bank's multi-seller commercial paper conduit, Autobahn Funding Company, LLC; and term note securitizations, placed through DZ Bank's broker-dealer, DZ Financial Markets LLC. ASG has successfully executed approximately $5.7 billion of transactions since its inception at DZ Bank in April 1999. National City Corporation (NYSE: NCC), headquartered in Cleveland , Ohio , is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio , Illinois , Indiana , Kentucky , Michigan , Missouri and Pennsylvania , and also serves customers in selected markets nationally. Nationally, its core businesses include specialized lending to leasing companies, specifically general equipment and transportation lessors. For more information, contact: Bob Sweeney, Executive Vice President – CFO Direct Capital Corporation Dawn Gillette, Vice President - Finance Sites of Reference: http://www.directcapital.com CONTACT: Robyn Gault ### Press Release ########################### PredictiveMetrics Releases ScoreMinerSM,
TINTON FALLS , N.J. –– PredictiveMetrics™? (PMI) the leading provider of accounts receivable based predictive scoring solutions, today announced the successful launch of ScoreMinerSM, at NACM's 110th Credit Congress & Exposition recently held in Nashville, TN. ScoreMinerSM is PMI's new web-based credit scoring and data mining application that leverages the predictive power of PMI's Net30Score model output. PMI developed ScoreMiner to provide clients with a more flexible and viable platform for receiving, reviewing and analyzing information to group accounts based upon the credit or collection manager's criteria for implementing strategies worldwide. Net30Score™, PMI's leading commercial product, quickly and accurately predicts the likelihood that an existing customer will become severely delinquent, go to loss, or file for bankruptcy within six months of the date the customer was scored. Net30Score is used for credit authorizations, credit line management, and for the development of optimal risk based collection strategies. Requiring minimal IT support, ScoreMiner provides a simple but robust way to measure credit and collection performance for an entire portfolio, a subset, or on an individual account basis and provides detailed information and graphical analysis by risk class and credit risk change over time. ScoreMiner also has the capability to determine how every analyst, collector, or sales personnel's accounts are performing relative to their peers and risk level. Another benefit noted by NACM attendees was ScoreMiner is a hosted web application, requiring no software to implement saving significant time and money. “ScoreMinerSM meets our clients demand to have an easy to use dynamic web-based decision engine that allows them to easily access our statistical scores on their customers” said Michael Banasiak, president of PredictiveMetrics, Inc. “Our goal was to provide our clients with a way to take the intangible aspects of predictive commercial scoring and turn it into tangible, action driven applications by having the ability to analyze and compare and have reporting on the outputs of PMI's statistical models, for improved risk management.” Score Miner complements PredictiveMetrics' Net30Score. Other PredictiveMetrics' scoring products include UtilityScore™ for Collections, UltraRecovery™ Score, and DebtBuyerScore™. About PredictiveMetrics Founded in 1995, PredictiveMetrics, Inc. (PMI) is the leading provider of accounts receivable based predictive scoring solutions using advanced statistical techniques worldwide. PMI was established to provide better-quality analytics and predictive scoring solutions in a customer oriented environment. Our customer focus is to work with our clients to create a strategic relationship ensuring customers' resources are optimally utilized to make automated, knowledge-based, profitable decisions that are proven accurate through statistical validation. PMI has developed proprietary software systems and state-of-the-art hardware that is designed specifically to conduct vigorous and sophisticated analytics coupled with our innovative, advanced statistical techniques. By using our customers business expertise combined with our data, modeling, and resource capabilities, PMI provides extremely powerful solutions for companies worldwide. Major clients include several divisions of GE Capital, IBM, Florida Power & Light, BlueTarp Financial, De Lage Landen, Wright Express, West Asset Management, NCC Commonwealth , Jacobus Energy, and Agricore. PMI competes in the commercial credit scoring arena with premier companies such as D&B (NYSE:DNB), MoodysKMV (NYSE:MCO) and Fair Issac (NASDQ:FIC). PMI is a privately-held corporation that is self-funded through the profits of the company and headquartered in Tinton Falls , NJ . For more information, please visit www.predictivemetrics.com or call 732-530-9303. Contact: Eileen O'Hare Assistant Vice President, Marketing ### Press Release ########################### Willis Lease Satisfies NASDAQ Listing Requirement SAUSALITO, CA – —Willis Lease Finance Corporation (NASDAQ: WLFC), a leading lessor of commercial jet engines, today reported it was notified by Nasdaq that it has complied with Market Rule 4350(d)2 with the appointment by the Board of Directors of Hans Jörg Hunziker to its Audit Committee, filling the vacancy created when former Director Glenn L. Hickerson chose not to stand for re-election to the Company's Board of Directors. Mr. Hunziker will become the third member of the Company's Audit Committee, as required by Nasdaq in Marketplace Rule 4350. Mr. Hunziker was elected to the Company's Board of Directors at its Annual Meeting on May 25, 2006. He previously served on the Willis Lease Board of Directors from 2000 to 2002 and returned to service again this year. Formerly the President and Chief Executive Officer of Flightlease AG Ltd. and Chief Financial Officer of SAirServices Ltd., he has over 30 years of experience in the aviation industry. Mr. Hunziker holds a Masters degree in economics and business administration from the University of Zurich and holds the equivalent of a doctoral degree from the University of Zurich . About Willis Lease Finance Willis Lease Finance Corporation leases spare commercial aircraft engines, rotable parts and aircraft to commercial airlines, aircraft engine manufacturers and overhaul/repair facilities worldwide. These leasing activities are integrated with the purchase and resale of used and refurbished commercial aircraft engines. ### Press Release ########################### NETSOL TECHNOLOGIES INKS NEW $500,000 OFFICE AUTOMATION Company Expands into New Burgeoning Sectors in Pakistan CALABASAS, CA – – NetSol Technologies, Inc. (NASDAQ:NTWK), a developer of proprietary software applications and provider of information technology (IT) services, today announced that its Lahore, Pakistan subsidiary, NetSol Technologies, Ltd., has been awarded a new $500,000 enterprise-wide software development and IT consulting project with Pakistan's leading real estate and property management authority. "We are pleased to announce our first office automation project in what is fast becoming one of the hottest growth sectors in Pakistan,” commented NetSol Technologies Ltd. CEO Salim Ghauri. "Our experience and expertise in developing robust, user friendly, web-based office automation projects was a perfect fit for the customer's forward thinking approach to improving infrastructure and functionality of its modern housing and real estate brand. We look forward to working closely with its engineering and marketing teams to improve efficiency and streamline information management as we roll out across the enterprise and to its more than 50,000 residential end users.” Under the terms of the agreement, NetSol will provide the following software and services: -- Delivery of business process reengineering (BRP) services and related office automation solutions for key areas of the business, including financial, engineering, maintenance, and land record management; -- Integration of Open Source solutions, along with off-the-shelf ERP packages by third party vendors including Microsoft and Oracle; -- Design and implementation of web-based community services and electronic interfaces for customer base of more than 50,000 residents; -- Analysis, testing and implementation of an integrated MIS system; -- Design, layout and execution of client's enterprise-wide network infrastructure. The company recently announced 76 percent top line growth and 42 percent EBITDA growth for the nine-month period ended March 31, 2006, marking its seventh consecutive quarter of increased revenue growth and profitability. About NetSol Technologies, Inc. NetSol Technologies is an end-to-end solution provider for the lease and finance industry. Headquartered in Calabasas, CA, NetSol Technologies, Inc. operates on a global basis with locations in the U.S. , Europe, East Asia and Asia Pacific. NetSol helps its clients identify, evaluate and implement technology solutions to meet their most critical business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective IT services ranging from consulting and application development to systems integration and outsourcing. NetSol's commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMM (Capability Maturity Model) Level 4 assessment. For more information, visit NetSol Technologies' web site at www.netsoltek.com. Investor Relations: Marty Tullio or Mark D. Tullio NetSol Technologies: Najeeb U. Ghauri, Chairman, or Tina Gilger, CFO ### Press Release ########################### International Decision Systems and American Lease Insurance Partner for Real-time Insurance Interface.
MINNEAPOLIS , Minn. - International Decision Systems (IDS) and American Lease Insurance (ALI) have partnered to introduce Insurance Interface Integration Manager (I3M), an integration module to provide the first real-time portfolio system - insurance provider link. I3M will connect InfoLease®, the industry's most widely used lease accounting software program, and the American Lease Insurance ProgramSM. According to Ron Dolan, global vice president of sales for IDS, "I3M adds a seamless insurance interface to our comprehensive portfolio management system, and provides our customers a single source of support." I3M is available to InfoLease users, whether or not they currently use Integration Manager. The I3M integration module will soon be functional with ProFinia , IDS's innovative asset management control tool. "We're very happy to call American Lease Insurance our preferred partner," Dolan comments, "We'r e eager to work with a progressive insurance provider addressing market needs with legitimate business practices." Steve Dinkelaker, American Lease Insurance president, is equally enthused. "We're very proud to be working with IDS as a preferred partner, and excited about the real-time functionality I3M adds: receiving data on eligible lease transactions, generating insurance quotes for lessees, processing insurance charges, and posting credits when applicable - all automatically." Unlike a prior integration module, I3M provides total data integrity and cash reconciliation. "I3M's real-time capability eliminates any manual intervention on the part of the user," Dinkelaker sums up, "it's the next generation of insurance data exchange." The American Lease Insurance Program provides comprehensive portfolio protection, placing property and liability coverage on all eligible equipment from the date each lease is signed, as well as tracking insurance coverage for lessees who choose to obtain their own insurance. ALI's superior coverage, competitive pricing, and meticulous collections and claims processing have resulted in the highest acceptance rates in the industry. ALI was founded in 2000, and currently services a growing roster of clients from its headquarters in Sunderland , Massachusetts . An active member of all major equipment leasing associations, ALI has been the corporate sponsor of the Equipment Leasing and Financing Foundation's annual Industry Future Council since 2003. For more information, go to www.aliac.net. International Decision Systems is the global leader in asset finance portfolio management software and services today. Headquartered in Minneapolis , Minnesota , the company also operates offices in London , Sydney , Singapore and Bangalore , India . Its flagship product, InfoLease is the "gold standard" of the asset finance industry. More than 50 percent of the Monitor 100 and Monitor Bank 50 use IDS solutions; 42% of lease receivables in the United States are booked to IDS systems, approximately 20% worldwide. For more information, go to www.internationaldecisionsystems.com. --------------------------------------------------------------- Equipment Leasing Showcase Confirms Oracle for Technology Presentations Atlanta, GA -– The Lessors Network has confirmed Oracle Corporation is scheduled to participate in the Annual Lessor Resources Showcase August 30-31 at the Ritz-Carlton, Buckhead Hotel in Atlanta, Georgia. Lane Leskela, Senior Product Director, Compliance Applications, is scheduled to deliver a special General Session presentation entitled “Conquering Compliance with Oracle's Compliance Management Architecture”. Joseph Franco, Senior Practice Director will introduce Oracles technology solutions in a General Session Exhibitor Presentation. Oracle joins an elite group of special guest speakers and exhibitors including: Harold E. Blatt ~ EVP ~ Bank of America Business Capital Traditionally an early sell out, this annual networking event has historically attracted the “A-List” from the equipment leasing and finance markets including: Bank of America, Caterpillar Financial Services Corp., Chase Equipment Leasing, CIT, Citigroup, Inc., Daimler Chrysler, De Lage Landen, Decision Systems, Inc., Dell Financial Services, Deutsche Financial Services, Diligenz, Inc., ePlus Group, Inc., Experian, Fair, Isaac and Company, Fitch Ratings, GATX Capital, GE Capital, GMAC Commercial Finance, IBM Global Financing, Information Leasing Corp., International Decision Systems, John Deere Credit, Key Equipment Finance Group, KPMG Consulting LLC, Oracle Credit Corporation, Pitney Bowes Financial Services, RVI Group, SAP America, Siemens Financial Services, Textron Financial Corporation, Toyota Financial Services, UCC Direct Services, US Bancorp, Wachovia Leasing & Equipment Finance and Wells Fargo Equipment Finance. Additional information about the Annual Lessor Resources Showcase can be viewed from www.lessors.com. About the Lessors Network: From www.Lessors.com, the Lessors Network is a global vertical marketing network connecting participating small, medium, and large companies and their employees across the equipment leasing enterprise through a common content and interactive platform. ### Press Release ########################### Leasing Software Companies Top eLeasing software companies, as ranked by employees.
N/R No Response (a) Products: LeaseTeam is a full service provider of software and services to assist small, middle and large ticket equipment lessors. Since our inception, LeaseTeam has been dedicated to the equipment leasing software industry. Our turnkey solutions - Lease Sales Manager and LeasePlus - are the choice of established leasing companies and banks throughout North America, making LeaseTeam a trusted leader in the equipment leasing software industry. LeasePlusTM, lease accounting and equipment asset management software. Lease Sales ManagerTM, leasing and financial services front-end system. Our Lease Sales Manager product focuses on automating and managing the front-end operations of a leasing company with functionality including pricing, quote generation, application submittal, pre-credit decisions, electronic credit report pulls, credit scoring or analysis, automated documentation and integration with your back-end system. Your front-end process(s) can be defined in the workflow so that everyone knows what they are responsible at any point in time. Lease Sales Manager workflow also provides metrics for measuring turnaround times for the entire process or for specific steps in the process. RDSTM, reporting database system. In conjunction with the aforementioned software solutions, we offer licensing options that include in-house licensing, running from the clients' hardware- at the clients' site; and ASP hosting of all LeaseTeam applications. Partnerships * Microsoft Great Plains (Financial Accounting) Onsite and Virtual Client Services: Knowledge Transfer: Application Support: Technical Support: Yearly Volume: Major Clients: Some of our key clients include: (b) WiredCapital/CapitalStream (c) Description of Services: Vision Commerce delivers unparalleled front-end e-commerce solutions to the Equipment Leasing and Finance Industries. Vision Commerce provides a front-end solution for proposal delivery, processing credit applications, status reporting and documentation via the Internet. We offer a suite of technology solutions. Vision Commerce delivers its lease origination and marketing system through an Application Service Provider (ASP) model, hosted solution or as an in-house solution. The ASP offering allows us to provide rapid and economical solutions to Subscribers. Vision Commerce has all the technical capabilities to securely support thousands of simultaneous users processing quotes and applications through the Internet. Software enhancements are applied regularly to the ASP solution at no additional cost to Subscribers. Vision provides typical origination, workflow, decisioning, and documentation capabilities. Our product is differentiated from the rest by its marketing and co-branding capabilities. Vision Commerce hosts hundreds of private-label or custom program leasing sites supporting more than 2000 users. With Vision, our subscribers can quickly and economically deploy solutions that meet the individual requirements of vendors, manufacturers, distributors, brokers, funding sources, and partners. We understand that each relationship is different, and we have constructed our product to adapt to changing business rules. Vision is a single solution that allows internal staff to collaboratively originate, score, price, and document in one integrated platform. Developed using the Microsoft .NET framework, Vision showcases the versatility of the latest Internet development tools. This industry leading technology is a secure and reliable solution now and a robust foundation for enhancements planned to extend support to the leasing and finance industries. Recent Enhancements: In February 2003, Vision Commerce, Inc. released its Vision Framework. The new framework supports the ASP, Hosted and In-House solutions all with the same degree of flexibility, scalability and configurability. Linda Lundergan (d) LeaseComplete© is a comprehensive lease accounting and asset management solution that is widely recognized as the premier custom solution for both equipment and vehicle lease portfolios. Our value-added approach to system design provides features that allow you to add services for your customers that both garner repeat business and provide additional revenue sources for your company. For more information, please visit our website where you can take a virtual tour of the System and schedule your own private web-based demonstration. http://www.dominionls.com/ . Thank you. (e) White Clark - Consulting Services (f) International Decision Systems (g) Cyence - ExpressOS TM is an enterprise-wide software solution based on Microsoft's .NET platform, providing end-to-end business process automation in the areas of sales force automation, deal originations, transaction structuring, credit adjudication, documentation and auditing for all types of commercial and consumer financing transactions. (h) Summit National, Inc. is a leading global provider of lease accounting software and services for the equipment, computer, and automobile leasing industry. Our suite of systems include: AP 2000, MILLENNIA, OPTIMA, & MAXXUM. Summit also offers Application Service Provider and Outsourcing services. Summit's 350+ client/user base include 18 of the Monitor 100. Summit also provides software and services for leading small and mid-range banks, leasing companies, and other captives. April 5, 2005 Summit National filed for bankruptcy. http://www.leasingnews.org/Conscious-Top%20Stories/Summit_nat.htm Ken Duffy, Sr., President of Summit National, requested that we put his company back on the Leasing News list of companies that specialize in leasing software: "We have not sought publicity in this matter but our exclusion from the vendor list deserves a response. United Airlines (and other well known entities) are also in CH11 but they're not out of business. Nor are we. As your research of court docs should have revealed, SNI was forced to take the protective CH11 action due to an unfriendly takeover attempt. In fact the party attempting the takeover tried to have the CH11 dismissed in order to pursue their objective. The Court in Chicago(05-B15565) issued its opinion dismissing their motion on 7/19. On 8/18 the 6th Court of Appeal in Cincinnati(03-1796) affirmed SNI's summary judgment and permanent injunction for breach of contract against this same party granted by the Federal District Court in Detroit(02-71871). The jury trial for damages to SNI under the judgment is scheduled for 11/01/05 in Detroit. I think you have drawn an improper conclusion and I would like you to correct it. We have been friends for a long time and ! " I trust this exclusion was simply an innocent misunderstanding of the facts. Please restore our listing as it has been in the past." Leasing News has included the company back on the list, but footnotes its present condition. (i) Better Programs - TURBO-Lease is a lease accounting software capable of processing all types of equipment and vehicle lease portfolios. The system is easy to use, yet its power, flexibility, and completeness surpass those costing many times its price. ### Press Release ###########################
News Briefs---- Banking plan vital to stability, Bernanke says Spanish bank buys 2 Texas lenders Amtrak Supporters Aim to Ease Budget Cuts 31 percent of U.S. companies expect to hire in third quarter Strapped States Try New Route, Lease Toll Roads To Foreign Firms Consumers are feeling the pinch Home prices too high in 71 cities House value chart by city System could save 10,000, car study says ---------------------------------------------------------------
You May have Missed--- Microsoft Releases 8 Critical Patches ---------------------------------------------------------------
Sports Briefs---- Heat rally singes Mavs, 98-96 Following Dad's advice, Tiger returns 'ready to play' ----------------------------------------------------------------
“Gimme that Wine” New York 's "Copia" to open this week A Champagne True to Its Roots-Bollinger-by Eric Asimov Paris Landmark Has Much Experience in Carrying On-Frank J. Prail Wine Prices by vintage US/International Wine Events Winery Atlas Leasing News Wine & Spirits Page ---------------------------------------------------------------- Restaurant Review
Lincoln Court Restaurant
This is a charming, small restaurant, half a block off the main thoroughfare. Food is exquisite, presentation excellent, services superb. The local people eat here. We were fortunate to have a Chaine des Rotisseur Sunday Brunch here. Robert E. Bussinger and his wife Wendy J. Brodie are members of the Chaine. Wendy Brodie has her own weekly television show, “Art of Food,” broadcast nationwide on PBS and Comcast ABC channel 7 as well as every day on Comcast Cable, Channels 2 and 34.
To learn more about the restaurant and "on line" store: http://www.lincolncourt.com/who_are_we.htm (for other reviews: please go here: http://two.leasingnews.org/Recommendations/rstrnt.htm 0 ----------------------------------------------------------------
Calendar Events This Day
Family History Day Every summer family reunions are so busy with games and activities that most of us forget the true purpose: to share the folklore, legends and myths that bind us together. Each participant should share at least one good recollection (fact or fiction) Don't forget the hotdogs and lemonade. Homestead Days This community-wide celebration recognizes the importance of the Homestead Act of 1862 to the settlement of Nebraska . Entertainment, parades and special museum exhibits. Malawi : freedom Day National holiday. Commemorates free elections in 9914. National Flag Day According to the encyclopedia of American Facts and Dates, the somewhat obscure and uncertain history of the American Fag began during 1775-1777. In October, 1775, when Congress created the first naval force, it also set down rules for creation of a flag. The result, variously called Congress Colors, the Grand Union Flag, or the First Navy Ensign, was a flag of 13 alternating red and white stripes, with a field of blue bearing the crosses of St. George and St. Andrew. This flag is believed to be the one raised by Lt. John Paul Jones aboard Commodore Esek Hopkin's flagship Alfred on the Delaware River at Philadelphia on December 3, 1775. The first land raising of the Grand Union Flag occurred at Prospect Hill in Sommerville , Mass. on December 3, 1776, during the American siege of Boston . By the way, “ the first flag commissioned for the navy was simply the basic British Union flag divided by white stripes. Our second flag, the Stars and Strips, substituted stars for the cross in the corner square. The red, white, and blue colors were derivative. They did not, as some allege, come out of Washington 's family crest. And they do not mean anything. Contrary to the ‘Boy Scout Handbook,' the blue in the flag does not represent justice, the white is not for purity, and the red is not for braver.” ( Shenkman, “ Legends, Lies & Cherished Myths of American History(1988)
Another myth is that she sewed the flag personally, which is basically not correct. She was a contractor who hired seamstresses to sew sails and flags for ships and had the lowest bid to Congress for the flag ( and her firm also made the flag that Francis Scott Key wrote about---it was quite large and the commander of the fort had some controversy over the cost and the size of the flag---but that is another story ). http://memory.loc.gov/ammem/today/jun14.html National Flay Day USA : PAUSE FOR THE PLEDGE Held simultaneously across the country at 7pm, EDT. PL 99-54 recognizes the Pause for the Pledge as part of National Flag Day ceremonies. The concept of the Pause for the Pledge of allegiance was conceived as a way for all citizens to share a patriotic moment together. National Ceremony at Fort McHenry National Monument and Historic Shrine. ----------------------------------------------------------------
Today's Top Event in History 1953 - Elvis Presley graduated from L.C. Humes High School in Memphis , TN. Within three years, the truck driver-turned-singer had his first number-one record with "Heartbreak Hotel". ----------------------------------------------------------------
This Day in American History 1775- the Continental Congress established the army as the first US Military service. NBA Finals Champions This Date 1987--- Los Angeles Lakers Stanley Cup Champions This Date 1994 New York Rangers --------------------------------------------------------------
Baseball Poem WHEN THE YANKEES WIN WHEN THE YANKEES WIN IT'S PURE DELIGHT, I CAN SIT IN TRAFFIC ULCER-FREE I'VE A QUICKER STEP I'VE A BROADER GRIN ELOQUENT I WAX, CLEVERLY I PUN AND WHEN THE RED AND WHITE SOX SLIP, AND PRIDE AS I REFLECT THEIR GLORY, JOYFULLY I'M GIVING THANKS AND WHEN AND IF THEY'RE CLEARED BY JETER RICH THE COFFEE CRISP THE BAGEL HOW MY FORTUNES RISE AND FALL GOODEN, JUSTICE, JORGE, ROCKET, EL DUQUE, MARIANO, HILL, HOW LIGHT THAT HEART, HOW FREE OF CARES NO NEED FOR THEM TO WIN EACH DAY, Carol P, Yankee Poet Laureate (self-proclaimed) -------------------------------------------------------------- SuDoku The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler? |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ten Top Stories each week chosen by readers (click here) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Top Stories chosen by editor Kit Menkin (chronological order) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
| 
