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Asset Remarketing Managers
Proven Truck, Construction, Machine tool, Material Handling expertise.

Manage, evaluate, value, remarket portfolio assets. Unlimited compensation. CLICK HERE for full description.

Maria Lopez (203) 354-6090 or

Equilease is a long established full-service leasing company that finances industrial and commercial equipment for vendors, manufacturers and end-users.

Wednesday, June 17, 2009

Singer-Songwriter-Musician-Arranger-conductor Barry Manilow (born Barry Alan Pincus) June 17, 1943 Brooklyn, New York (his parents died when he was 2 and he was raised by his maternal grandparents Joseph and Esther Manilow); best known for such recordings as "I Write the Songs", "Mandy", "This Ones for You", "Copacabana". "Can't Walk Without You," performing regularly in Las Vegas. You love him or you hate him. We have all his albums, also in the car, and we have another set we take on vacations, and have seen many of his shows throughout the year. One of my very good high school and college friends plays first trumpet on his albums and says he is first rate in knowing music, also extends the red carpet to musicians who attend his shows; a pleasure to work with, a real nice guy.


Classified Ads---Sales
    LA Investor purchases almost $10MM Marin Leasing Stock
        Sheldon Player is back!!! This time $2 Million +
Sales makes it Happen-by Scott Wheeler
    A Necessary Transformation
Classified ads---Help Wanted
    May "The List"
        Cartoon---Three glasses of water
25 Top Leasing Industry Influence-Winding Down
    Lobbying by ELFA got equipment makers in TALF
Tuesday, June 23-Steve Geller/Linda Kester
Crab Feast: Continuing the Baltimore Tradition
    by Scott Wheeler
Charter Capital Joint Venture w/Phoenix Financial
    Increase in Oregon's Jobless Rate
News Briefs---
Financial Watchdog/Is Commercial Sector Next?
    AmEx Charge-Off, Delinquency Rates Drop
MySpace cuts workforce by 30 percent
    Housing starts jump 17% in May
        Ex-CEO Greenberg defends AIG fund actions
You May have Missed---
        California Nuts Brief---
    Sports Briefs---
"Gimme that Wine"
    Today's Top Event in History
        This Day in American History
Baseball Poem
Daily Puzzle
        Weather, USA or specific area
Traffic Live----

In Sales makes it Happen, Scott Wheeler answers those who criticized him for regarding questioning "application only" transactions.

######## surrounding the article denotes it is a “press release”


Classified Ads---Sales

Cherry Hill, NJ
College grad seeking entry level sales position for equipment leasing and financing in small to mid-size ticket markets. Have 6 months experience in the industry and self-motivated. Contact Matt at 609-280-2178 or
email at

Fort Myers, Florida
Very experienced and strong skills with both Captive and Specialty Sales and  Sales Management. Over 20 years, will relocate and travel- successful and team player . 

Fresno, CA
Aggressive, competitive self-starter w/successful vendor/direct equipment
leasing and asset-based lending experience seeks return to leasing industry
after successful stint in business banking sales.

Minneapolis, MN
16 years leasing experience from micro to large ticket market, variety of equipment. Most recently calling on vendor telecom dealers in Upper Midwest.

Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker.334-590-5133

Many years of successful experience in niche leasing. Seek position with bank or other self-funded entity. Position and/or location secondary to company profile.

Orange County, CA
19+ years of successful marketing to the broker/lessor community representing one funding source owned by several parent companies.

Over 30 years of financing experience, resume posted at, phone 580-351-2531

Philadelphia, PA
Aggressive Sales Hunter with 10 plus years of story credit experience (B-D credit including start-ups) with a strong emphasis on building productive business relationships.

Philadelphia Metro Area - 30 Years experience Healthcare sales/ management- 3 years experience newly create "small-ticket" healthcare division. Good success - Mitch Utz 215-460-4483
Pittsburgh , PA
Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4592

Pittsburgh, PA
Over 25 years of leasing experience including Captive, Dealer, Broker, and Third Party. Multiple equipment types. Seeking a Territory or National Sales position.

San Francisco
I am seeking a commission only structure w/established firm with a niche program / product.  30 years equipment leasing successful sales experience. 650-574-2873

San Francisco Bay Area:
Business Development “Hunter” with transferable book of business in multiple segments: commercial construction, technology, fitness, etc. Years of managerial experience: can also be a “player/coach”.

Award winning commercial leasing salesman, middle market Georgia , Alabama , Tennessee , and Florida in addition to originating leases nationally. 26 years experience.

For a full listing of all "job wanted" ads, please go to:

To place a free "job wanted" Leasing News ad:

ELFA Career Center: Job Seekers (free):



LA Investor purchases almost $10 million Marin Leasing Stock

According to a recently filed SEC document, Marlin Business Services, Mount Laurel, New Jersey has sold to Red Mountain Capital Partners, LLC, Los Angeles, California.

"RMCP II has purchased an aggregate of 629,887 shares of Common Stock on the open market at an aggregate purchase price (excluding trading commissions and related administrative costs) of $9,727,971.97. The source of the funds used by RMCP II to purchase such shares was working capital of RMCP II.

RMCP III has purchased an aggregate of 24,241 shares of Common Stock on the open market at an aggregate purchase price (excluding trading commissions and related administrative costs) of $104,801.70. The source of the funds used by RMCP III to purchase such shares was working capital of RMCP III.

The shares of Common Stock beneficially owned by RMCP II and RMCP III, when aggregated together, total 654,128 shares, which represent approximately 5.2% of the outstanding Common Stock.

Last Trade: 4.10
Trade Time: 4:00pm ET
Change: Up 0.18 (4.59%)
Prev Close: 3.92
1y Target Est: 10.00
Day's Range: 4.10 - 4.39
52wk Range: 1.19 - 9.33
Volume: 25,883
Avg Vol (3m): 12,750
Market Cap: 47.82M

"Red Mountain Capital Partners LLC is a principal investment firm specializing in investments in small capitalization companies. The firm seeks to invest in public and private companies with a private equity approach. It prefers to acquire strategic or controlling stakes in public companies. The firm participates in negotiated private equity transactions on a selected basis. Red Mountain Capital Partners was founded by Mr. Willem Mesdag and is based in Los Angeles, California." Source: Business Week

"Mr. Mesdag is the president, sole executive officer, sole director and sole shareholder of RMCM and thus may be deemed to control RMCM and each entity directly or indirectly controlled by RMCM (including Red Mountain). The principal occupation of Mr. Mesdag is Managing Partner of Red Mountain. J. Christopher Teets (and his principal occupation) is Partner of Red Mountain. Mr. Teets does not control any Reporting Person. Information regarding Mr. Teets is being included in this Schedule 13D only for purposes of complying with General Instruction C to Schedule 13D." Source: SEC Filing

Mr. Mesdag has been a Partner of Red Mountain Capital Partners LLC, an investment firm, since January 2005. Mr. Mesdag also serves as a director of 3i Group plc, Encore Capital Group, Inc. and Davis Petroleum Corporation. Before establishing Red Mountain Capital Partners LLC, Mr. Mesdag was an investment banker at Goldman, Sachs & Co. Mr. Mesdag joined Goldman, Sachs & Co. in 1981 and became a General Partner in 1990.

Other Red Mountain Partner Investments:

SEC Filings:$/SEC/Registrant.asp?CIK=1374588



Sheldon Player is back!!! This time $2 Million +

Sheldon Player of Equipment Acquisition Resources (EAR), Palatine, Illinois, promoter of Jackson Hole bottled water, who also served time for $79 million taken from Greyhound Leasing & Financial Corp., is back in the news again.

This time he is being sued along with several other named in Equipment Acquisition Resources, Inc. by Red Oak Acquisition in the United States District Court Northern District of Texas, Dallas Division. It centers on a stock purchase agreement between Red Oak Acquisitions.

It states "Equipment Acquisition Resources is one of the world's largest supplies of lappers, polishers, slicers, grinders and dicing saws for crystalline material. It is a company that delivers second-market equipment to manufacture semiconductors. EAR is estimated to be worth approximately $200 million."

The complaint contents in 2008 Red Oak was to be sold to Equipment Acquisition Resources, and in the process of turning the company over per the agree, Equipment Acquisition Resources sold $2 million in receivables and did not complete the purchase. The original owners tried to halt the sale, claiming the receivables and other equipment were not be to sold until the final purchase of the company.

The complaints specifically says, "Red Oak Fund entered into the Agreement, met all conditions precedent and even advanced money to EART through a related company, Red Oak Capital. EAR, through Player, told Red Oak Fund that it had an unexpected decrease in cash flow that created problems...with various banks and/or lenders. Because Red Oak Fund believed that it had fully executed and binding contract with EART, Red Oak Capital (the related entity) agreed to advance $2 million that would be secured by certain of EAR's accounts receivables. Red Oak Fund also contracted various lenders to reassure them the EAR's cash flow problems would be short lived.

"Almost immediately after securing Red Oak Fund's signature on the Agreement, receiving the $2 million advance and obtaining the relief from it lenders, (the parties) and EART sought to terminate the Agreement. The Agreement, however, contains a very specific termination provision that indicates (the parties) and EAR cannot terminate the Agreement unless there is mutual written consent."

From EAR web site:

"E.A.R. Inc. is currently offering Direct Financing not only on Equipment Purchases, but also on our Process development and Contract Manufacturing. We are striving to make your business our top priority and will continue to meet our customers needs. Inquire about our Low cost Leasing/Financing Programs today!"

* To qualified buyers, we offer "0" percent financing and even negative rate financing where applicable.
* We also offer extensive maintenance programs to accompany
our equipment finance packages.
* We now offer worldwide shipping and packaging
for customers existing equipment as well as our own.
* We also offer worldwide rebuilding services of all existing customer equipment even if purchased elsewhere.

"We urge you to contact us right away about our new Process Development, Manufacturing and Finance services! Let Equipment Acquisition Resources Inc. help your business succeed!"

Telephone calls and email to Mr. Player were not returned, as were emails to the attorneys for the Plaintiffs, Patton Boggs, LLP.

Plaintiff's First Amended Complaint (82 pages/3.1mb):

Sheldon Player Previous Articles:

(Leasing News provides this ad "gratis" as a means
to help support the growth of Lease Police)


In Sales makes it Happen, Scott Wheeler answers those who criticized him for regarding questioning "application only" transactions.

Sales Make it Happen --- by Scott Wheeler

With over twenty-six years of leasing experience and an Executive Masters in Business Administration, Scott is an accomplished senior leasing executive with leadership qualities in marketing and operations. His extensive experience will benefit organizations looking to reach a higher level of profitability and corporate development.

A Necessary Transformation

Our industry is being reformulated and redefined for the future; a necessary transformation which will create a stronger, more valuable financing/leasing industry. This statement along with my insinuation in a previous article that our industry is quickly moving beyond an application only mentality caused a record number of emails and phone calls. Thankfully most responders were in agreement. However, it was surprising that a number of individuals thought I was the fly in the ointment.

One individual claimed I was the problem by encouraging funding sources to request more information and diminishing their credit windows. To be clear - I am not encouraging limitation of credit; I am suggesting and encouraging that credit underwriting become less restrictive as we move forward. As an industry we need consistency and transparency. As originators we need to know the game rules and what transactions can be funded and which ones have no home. I am equally convinced the credit departments in our industry deserve to have accurate, complete and updated information to make their decisions. This is a team effort which should be lead by the originators. Professional originators need to compile a complete credit package which is properly presented to the credit departments for an evaluation. Originators will lead the transformation by providing all of the needed information so that credit departments can neutralize their concerns and start to reformulate consistent credit windows.

Unlike some of the responding emails, I am not suggesting a five page write up for every fifty thousand dollar request. I am not suggesting that a pretty package can eliminate the fact of financial losses for the past three years either. The credit package should reflect the size and complexity of the transaction. The transaction needs to make sense on all levels. (i.e. Why is a three person operation buying a hundred thousand dollar phone system with twenty-five handsets?). Originators need to have the capacity to understand the transactions, understand the financial statements, ask the right questions and discuss both strengths and weaknesses appropriately. I have learned there are multiple levels of understanding in our industry and many originators need a refresher course on information concerning: marketing, credit, funding and a variety of other issues. Most importantly, originators must understand the need for mutually beneficial relations with all of their business stakeholders, especially the ones holding the funds.

This transformation is not new for our industry. The financing/leasing industry has danced to this music in the past. The music was almost as loud and unruly in the early 1990's, as it is today. Those originators who conquered the challenges of the past became leaders in our industry; they formulated new standards and promoted stronger products and better customer service. In order to succeed, individuals need to become engaged in the transformation, seek new knowledge, explore new markets, and assist in the innovation of our industry.

Originators have an awesome opportunity to maximize their incomes and be influential in a stronger, more valuable financing/leasing industry. If you need assistance in becoming more engaged in the transformation or increasing your overall knowledge I encourage you to participate in outside training sessions. Depending upon your needs and expertise I can enriched your sales efforts through a variety of options: webinars, seminars, one-on-one coaching, on-site training, and multiple day training classes regarding all aspects of the financing/leasing industry.

I encourage you to contact me with your desires to be part of the transformation, and together we can formulate a strategy for success.


Please let me know your thoughts, suggestions or ideas. or 410-877-0428 .

Sales Makes it Happen articles:



Classified Ads---Help Wanted

McKinney, Texas
Lease Packager

Ten years experience packaging/placing leases
$10,000 to $500,000,ext.100


Asset Remarketing Managers
Proven Truck, Construction, Machine tool, Material Handling expertise.

Manage, evaluate, value, remarket portfolio assets. Unlimited compensation. CLICK HERE for full description.

Maria Lopez (203) 354-6090 or

Equilease is a long established full-service leasing company that finances industrial and commercial equipment for vendors, manufacturers and end-users.



Like selling vendor programs and large transactions?
Enjoy international financing programs?
Prefer the advantages of a commission only environment with the security of health and welfare benefits?

CLICK HERE to find out how to have fun again.



May "The List"

--- Mergers, Acquisitions & Changes
"The Good, the Bad and the Ugly"-

Marlin Business Services (05/09) Bulletin Board Complaint regarding "Evergreen Clause" on $1.00 buy-out; not notified 180 in advance, two years extra payments to date. (05/09) reports a first quarter revenue loss of $879,000 compared to a profit of $1,359,000 the first quarter of 2008. The company also announced it has closed its Denver office, plus has let additional 53 employees go; many of them have been with the company ten to eleven years. (05/09) Officers and directors received salary/stock issues despite 100 employees being let go, 2008 loss of $7.3 million, year ending loss of $5.2 million compared to a year-end profit of 2007 of $18.2 million

Sovereign Bank (05/09) joins "no more broker list."

Manifest Group (US Bancorp) (05/09) Major "realignments," Mike Rizzo laid off, not for performance, just bank cut-backs; lease division reports over 3% write-offs in lease portfolio, reportedly many problems, Navigator program no longer in place as Pentech shut down, rumors circulate bank may want to sell operation, reportedly more "re-alignment" to follow.

Heritage Pacific Leasing, Fresno, CA (05/09) HL Leasing owned by John Otto misses interest payments, investors call FBI, Otto commits suicide, and it appears a major Ponzi scam involving over 1,000 and perhaps $132 million on leases that allegedly never exiting, FBI investigates, Department of Corporation starts collecting complaints for Receiver, FBI starts seizing assets.

IFC Credit, Morton Grove, Illinois (05/09) Another Bulletin Board Complaint: vendor claims un-funded $25,731.43 lease that was to have been funded in January. IFC reportedly down to 25 employees.

Puget Leasing, Bellevue, WA (05/09) First Sound Bank restated its year-end to a $20.1 million loss. The bank claims $18.3 is related to the acquisition of Pugent Sound Leasing. The bank also reported a $37,000 first quarter loss for 2009, and an $11 million decrease in assets to $247 million.

Latitude Equipment Leasing LLC, Wayne, New Jersey (05/09) formed by ex-Advanta and Marlin Leasing veterans, announced the assumption of the sales and administration organization of Leasing Partners Capital Inc. This brings the company into 22 marketing branches

Greystone, Massachusetts (05/09) "New York pulled the plug" and effectively closed the Greystone Equipment Finance Corporation operation in Burlington, Massachusetts Thursday of last week, April 23rd, 2009.

Full List:

Chronological Order

Alphabetical Order





25 Top Leasing Industry Influence-Winding Down

As noted on Monday, this may be the last week, so if you have someone you want to nominated, please submit with the reasons why in the description.

"Influential" as "a person whose actions and opinions strongly influence the course of events" {Online Dictionary}. They must be alive, and do not need to be active any longer in the leasing or finance industry.

Harvey Granat was nominated for the list and left out, he is active as an entertainer/singer, has a web site listing his coming performances, and here is a sample from his web site:

Send nominations to:

New nominees to appear in the next list:

Hon. Ken Bentsen, Jr.-He became president of the Equipment Finance and Leasing Associations (ELFA) July 1, 2007, following in the footsteps of Mike Fleming, CAE, he held the post for 27 years. In this relatively short period of time, he has brought considerable attention to the media about the leasing industry, quoted often in major magazines and newspapers, appearing on radio and television, quite frequently, too. In addition to the attention he gets in congress, actually appearing at signing of bills by President Bush, he has become the number one leader of equipment finance and leasing in the United States to not only the news media but general public as well. ELFA also has many new programs, up-dating old ones such as the web site and now daily News Briefs, as wells as continuing perhaps Mike Flemings greatest asset, getting members involved. On the personal side, Ken Bentsen is also an active member of a number of educational, civic and charitable boards. He serves as Chairman of the Board of the Susan G. Komen For The Cure.

Shawn Halladay---He has influenced our industry quietly from an academic and educational angle. He has authored or co-authored eight books on equipment leasing, including "A Guide to Equipment Leasing," "An Introduction to Leasing" and "The Handbook of Equipment Leasing." He has written articles for the Equipment Finance and Leasing Association, Equipment Finance and Leasing Foundation, Leasing News, the Monitor, World Leasing News and many associations and lessors throughout the North America, South America, Asia, the Middle East and Europe. He is an authority on lease accounting as well as both the intellectual and practical aspects of the world wide leasing industry.

List (click on name for full description:)

Jim Adler
Sudhir P. Amembal
A.J. Batt
Joe Bonnano, CLP
Bernie Boettigheimer, CLP
John P. Colton
Clark Covert
John C. Deane
Thomas Depping
Michael J. Fleming
Al Gamper, Jr.
Paul Gass
J. Stephen (Steve) Gagne
Harvey Granat
Bruce Kropschot
John Kruse
Paul A. Larkins
Elaine Litwer
Charlie Lester
Lisa A, Levine
Curt Lysne, CLP

Barry Marks, CLP
Dan Michalek
Jim Merrilees, CLP
Paul Menzel, CLP
Ben Millerbis, CLP/Brad Peterson
Alan J. Mogol
Ned Mundell
Deborah Monosson
David Murray
Walter Rabin
Jim Renner
Gary Shivers
Saul Phillip Steinberg
Robert W. Stubbs
Robert Teichman, CLP
Ron Wagner, CLP
Paul Weiss
David Wiener
Mr. Terry Winders, CLP
Joe Woodley, CLP



Lobbying by ELFA got equipment makers included in TALF

ELFA Smart Briefs

When the Federal Deposit Insurance Corp. declined to cover equipment manufacturers in an insurance program aimed at banks, ELFA lobbied the Federal Reserve to expand the Term Asset-Backed Securities Loan Facility to cover farm and other equipment manufacturers. Deere, Caterpillar and other equipment makers benefited when the program was expanded as a result of efforts by ELFA President Kenneth Bentsen.

Wall Street Journal Article


Tuesday, June 23-Steve Geller/Linda Kester

National Association of Equipment Leasing Brokers presents
Speaker/Author Linda P. Kester

Linda Kester helps leasing companies obtain more volume.

hosted by
Steve Geller, CLP

Tuesday, June 23, 2009
12:00 NOON - 2:30 PM
Assembly Steakhouse
495 Sylvan Avenue
Englewood Cliffs, NJ 07832
$46 NAELB Member
$56 Non-Member
Steve Geller (845) 362-6106

For more information about Linda Kester, please visit


Crab Feast: Continuing the Baltimore Tradition
by Scott Wheeler

The National Equipment Finance Association (NEFA) held its first annual Baltimore Crab Feast on June 11, 2009. Many years ago a small group of Baltimore leasing professionals started meeting annually to share their thoughts about the local state of the leasing environment and to eat Maryland steamed crabs with a cold beer. Approximately thirteen years ago this tradition was passed onto the Eastern Association of Equipment Lessors EAEL (EAEL) through Dennis Horner; the crab feast continued to grow in numbers each year. With the merger of EAEL and the United Association of Equipment Lessors (UAEL) in January of 2009, this tradition was destined to flourish and grow.

The Baltimore Crab Feast, a regional event on the NEFA calendar was hosted by Nancy Pistorio of Madison Capital, Bruce Winter of FSG Leasing Corp and yours truly, Scott Wheeler of Wheeler Business Consulting. The event attracted sixty-seven leasing professionals from around the country with the vast majority of attendees from the Mid- Atlantic area. Local individuals have been known to plan vacations around this event, and the calls started coming in as early as January to confirm the date and location of the event. This year the event was held at Bo Brooks in the Fells Point historic area of the Baltimore Harbor and the food, drink and company was superb. Many of out-of-towners still cannot believe that Baltimoreans enjoy picking these messy crustaceans while talking about business transactions and networking with fellow leasing professionals.

The truth be told - this evening of networking is one of the best on the leasing calendar. There are always new business relationships established and old relationships confirmed. This event emphasized the need for grass roots local events throughout the industry and nationwide. I would encourage other leasing professionals to attend regional events whenever possible. These events are quick, inexpensive and very powerful networking opportunities.

The mood at the event was generally upbeat and cautiously optimistic. The challenges of the day were in the forefront of most conversations. Leasing professionals are actively funding transactions, repositioning their businesses, building new relationships and generally moving forward optimistically.

I would encourage individuals to register now for the NEFA Fall conference in Monterey, CA. September 24-27. Mark your calendars for all upcoming NEFA regional events; and for those on the east coast we encourage you to attend the Super Regional event in Teaneck NJ (EXPO) on November 9, 2009.



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


Scottsdale, AZ -
Charter Capital is pleased to announce the formation of a joint venture with Phoenix Financial Equipment Leasing, Inc. of Phoenix, AZ. The companies will combine talent and resources to provide small to mid-sized businesses locally and nationally with a broad range of customized financial solutions for their equipment and technology acquisition needs.

"It has been a pleasure working with Lindsay Clancy and Nick Couturier for the past two and a half years and I am delighted that we were able to make our relationship with Phoenix Financial more formal and more permanent. Charter's principal asset has always been its people and I expect Lindsay and Nick's energetic enthusiasm will be a very positive addition to the Charter family" said Rick Wilbur, founder and Managing Partner of Charter Capital.

"Lindsay and I are truly blessed to be working with Charter Capital. From the very first day that we met, the Charter team has done everything they could to help us grow both professionally and personally. We look forward to building a closer partnership and are eager to see what we will accomplish together in the future.", said Nick Couturier, president of Phoenix Financial Equipment Leasing, Inc.

On June 29, 2009 both firms will move into Charter Capital's new quarters located at Scottsdale Executive Office Park, 7975 N. Hayden Road, Scottsdale, AZ. Charter will maintain its office in California. Phone numbers and email addresses will remain the same.

With offices in California since 1977 and in Arizona since 1995, Charter provides intelligent and creative financing for small to mid-sized businesses for equipment and technology acquisitions ranging from $25,000 to $2,000,000.

Based in Phoenix, Arizona, Phoenix Financial is quickly becoming one of the leading providers for financial solutions to local and national business owners. Formed on a foundation of honesty, integrity, and ethical business practices we provide a distinctive and personalized approach to solving our client's equipment financing needs. Nick Couturier

Nick Couturier is the founding member of Phoenix Financial Equipment Leasing, Inc. He has over 7 years experience in the leasing and financing industry and continues to build on that foundation through dedication and hard work. Originally from Chico, California, Nick came to Arizona in the fall of 1997 to attend Arizona State University. He graduated with a degree in finance and immediately entered the business world of equipment leasing. Nick says that he enjoys the financial industry because he can help business owners build and expand their companies.

"To be part of helping a company grow and succeed is very exciting and rewarding."
Lindsay Clancy

Lindsay Clancy is a co-founder of Phoenix Financial Equipment Leasing, Inc. Originally from Cave Creek, AZ Lindsay graduated from Arizona State University with a bachelor's degree in business and communications. She has been in the financing and equipment leasing industry for 5 years and has combined her knowledge and business experience into building strong customer relationships. Lindsay's main focus is her dedication to her clients and to consistently deliver positive and professional service.

Greg Reeve
General Manager
Charter Capital
(480) 874-5403

Nick Couturier
Phoenix Financial Equipment Leasing, Inc.
(602) 788-0578

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



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

Increase in Oregon's Jobless Rate Causes

LibertyBank Small Business Index to Rise in May

Eugene, Ore. - The Oregon unemployment rate was 12.4 percent in May, up from April's revised rate of 11.8 percent. Since the state's unemployment rate is the most heavily weighted component of LibertyBank's Small Business Index (SBI) for Oregon, the SBI registered 82.1 in May, up from a revised 79.4 in April.

The state's unemployment rate is more than double the 5.7 percent rate of a year ago. A higher jobless rate is a positive contributor to the index as it suggests greater access to labor for small businesses. Total employment statewide fell by 92,400 jobs during the past 12 months, a slight improvement versus an even greater loss of 95,900 jobs in April's year-over-year period. In addition, rising expectations that the global economy will rebound during the next six to 12 months are a favorable development for thousands of small businesses throughout Oregon.

"Despite continued weakness in the state's employment situation, more and more signs are emerging that the worst of the current recession is behind us," says Jeff Thredgold, economic consultant to LibertyBank. "While we don't anticipate a return to positive Oregon job growth until sometime next year, continued improvement in the U.S. and global economies over the next few months should translate into somewhat stronger business opportunities for Oregon's small businesses."

The U.S. economy lost an estimated 345,000 net jobs in May - sharply below the estimated 520,000 lost jobs economists had predicted. It was the 17th consecutive monthly decline. This decrease was roughly half the average loss of the prior six months and the best performance since September 2008. In addition, reported job losses in March and April were revised to reflect that 82,000 fewer positions have been eliminated.

The U.S. unemployment rate rose to a 26-year high of 9.4 percent. The economy has now lost 6 million jobs since the recession officially began in December 2007, with nearly half of the losses during the past five months alone.

The SBI measures business conditions from the viewpoint of the Oregon small business owner or manager. A higher number is associated with more favorable business conditions for Oregon's small businesses. The index uses 100.0 for calendar year 1997 as its base year. The index also includes revisions to various historical and new forecast components as they become available.

LibertyBank provides financial services to clients throughout Oregon with 16 offices in Eugene, Springfield, Bend, Grants Pass, Medford, Redmond and Portland.

LibertyBank specializes in loan, lease, free checking and deposit services for businesses; commercial mortgage, construction and consumer loans; and a broad range of consumer deposit products.

Non-FDIC insured investments are available through LibertyInvestment and Insurance. Securities and related services are offered by PrimeVest Financial Services, Inc., an independent, registered broker/dealer and registered investment adviser. Member FINRA/SIPC. Investment products are: o Not FDIC insured o May lose value o Not bank guaranteed o Not a deposit o Not insured by any federal government agency.

For more information, visit, or phone (541) 681-4800.

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

(This ad is a "trade" for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)



News Briefs----

Consumers to get new financial watchdog, commercial section next?

AmEx Charge-Off, Delinquency Rates Drop

MySpace cuts workforce by 30 percent

Housing starts jump 17% in May; wholesale inflation tame

Ex-CEO Greenberg defends AIG fund actions



You May have Missed---

American Airlines drops flights from San Jose to Southern California



Sports Briefs----

Kobe Bryant, Lakers capture 15th NBA title

For Disappointed Fans, Consolation in Magic's Youth

Mike Martz speaks on Alex Smith



California Nuts Briefs---

Lawmakers reject state worker pay cut

Mayor picks Arizona chief as S.F. top cop



“Gimme that Wine”

Oregon Tasting Rooms Closing

Vodka outsells all spirits 3 to 1

Wine and Grape Industry has $5 Billion Impact on Lodi Region

Wine Immersion program is split into two courses

Kansas doctors take interest in wine

Wine Prices by vintage
US/International Wine Events
Winery Atlas\
Leasing News Wine & Spirits Page
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.



Today's Top Event in History

1972-Five are arrested for the break-in at Democratic Party Headquarters (in Watergate complex, Washington, DC). They had previously placed wire taps and searched the headquarters on a regular basis, but leaving a rear-door unlocked made a building security guard suspicious. The arrests led to revelations of political espionage, threats of imminent impeachment of the president, and, on August 9, 1974, the resignation of President Richard M. Nixon. It is doubly ironic that Nixon was way ahead in the poll primarily because his opponent Senator George McGovern of South Dakota was not strongly supported by the Democratic Party, although he had sworn he would end the Viet Nam War 90 days after he was elected.


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 ).
    1742-birthday of William Hooper, signer of the Declaration of Independence, born at Boston , MA . Died Oct 14, 1790 at Hillsboro , NC . The British in retribution burned his house and farm during the war.
    1775-Suffolk County, MA, celebrates a county holiday to commemorate the Battle of Bunker Hill. According to the same source quoted above, the Battle of Bunker Hill was actually fought on Breed's Hill . British forces under General Howe assaulted the Continental position three times before the Americans, under Col. William Prescott, ran out of gunpowder and were forced to retreat. The British then occupied Bunker Hill after another skirmish. For this reason, it is referred to as the Battle of Bunker Hill in history books. Today when you visit Boston , and the guide takes you to Bunker Hill, it is really Breed's Hill , as historians decided to change the name rather than explain the story.
    1837- Strong Vincent is born in Waterford , Pennsylvania . After working as a lawyer, he went on to become a hero at the Battle of Gettysburg, where he was mortally wounded defending Little Round Top. When hostilities erupted in April 1861, Vincent left the law to become an officer in the Erie Regiment, Pennsylvania Volunteers. By early 1862, he rose to commander of the 83rd Pennsylvania . Vincent served in several campaigns with the Army of the Potomac, fighting at Yorktown, Fredericksburg , and Chancellorsville . He was promoted to colonel after Yorktown, and prior to Gettysburg , Vincent was given command of the Third Brigade, First Division, of the Fifth Corps. On the night of July 1, 1863, Vincent and his men were hurrying toward the battlefield under a bright moon. When the soldiers passed through a small town near Gettysburg , the regiment bands began to play and residents came to their doors to cheer the Yankee troops. Vincent remarked to an aide that there could be a worse fate than to die fighting in his home state with the flag overhead. The next day, as Vincent and his brigade were arriving behind the Union lines, General Governor K. Warren frantically summoned Vincent's force to the top of Little Round Top, a rocky hill at the end of the Federal line. Warren observed that the Confederates could turn the Union left flank by taking the summit, which was occupied by only a Yankee signal corps at the time. So Vincent and his men hurried up the hill, arriving just ahead of the Rebels. The brigade held the top, but just barely. Vincent was mortally wounded in the engagement and died on July 7. He was promoted posthumously to brigadier general.
    1849-birthday of African-American Congressman Thomas Ezekiel Miller.
    1859 - Hot Santa Ana winds in southern California roasted fruit on one side at Santa Barbara.
    1863-Battle of Aldie, Confederates fail to drive back the Union Army in Virginia .
    1865- Dr. Susan LaFlesche Picotte birthday - Native American and U.S. physician. Under the sponsorship of the Women's National Indian Association that was founded in 1880 by Mary L. Bonney and Amelia S. Quinton, SLP graduated a 3-year medical course in 2 years. She finished at the head of her class not yet 24 years of age. She returned to practice medicine primarily with the Omaha tribe although her practice at times included almost as many whites as Indians. It has been estimated that this remarkable woman who braved blizzards and dust storms treated every member of the Omaha tribe in the 25 years of her practice.
    1871-birthday of James Weldon Johnson, African American poet, diplomat, songwriter and culturist of black history, born Jacksonville , FL. ( lower half of )
    1882 - A tornado traveled more than 200 miles across the state of Iowa killing 130 persons. The tornado touched down about ninety miles west of Grinnell, and struck the town and college around sunset, killing sixty persons, and causing more than half a million dollars damage. Traveling at nearly 60 mph, the tornado hit Mount Pleasant about 11 PM causing another half million dollars damage.
    1894-A poliomyelitis epidemic occurred in Vermont . Between June 17 and September 1, 123 cases appeared in Rutland and Wallinigford. The first major urban polio epidemic took place in the summer of 1916 in New York City , where 9,000 children were stricken and 2,400 died.
    1907-jazz reedman Gene Sedric born St. Louis , Mo.
    1910- country music star Red Foley was born in Bluelick , Kentucky . Foley, elected to the Country Music Hall of Fame in 1967, was the first country star to have a network radio show, "Avalon Time," in which he co-starred with Red Skelton, beginning in 1939. Foley's recordings for the Decca label were extremely popular, and in 1950 he had no less than three million-sellers - "Chattanoogie Shoe Shine Boy," "Steal Away" and "Just a Closer Walk With Thee." He continued his success with religious material in 1951, scoring another million-seller with "Peace in the Valley." Foley was a star on the Grand Ole Opry in the 1940's. In 1954, he moved to Springfield , Missouri , where he became the host of "Ozark Jubilee," one of the first successful country TV series. During the early '60s, he starred with Fess Parker in the TV series "Mr. Smith Goes to Washington ." Red Foley died in 1968.
    1914-birthday of John Hersey, American novelist, born at Tientsin , China , who wrote “A bell for Adano”, which won the Pulitzer Prize in 1945. “The Wall” and “ Hiroshima ” are both based on fact and set in Poland and Japan respectively in World War II. Died at Key West , FL March 24,1993.
    1917- singer and actor Dean Martin, whose real name was Dino Crocetti, was born in Steubenville , Ohio . He first gained fame as part of a comedy team with Jerry Lewis. When the duo broke up in 1956, Martin's career as both a singer and actor blossomed. His nonchalant, tongue-in- cheek approach proved very popular, as evidenced by his long-running TV show in the 1960's and '70s. Martin's record hits in the 1950's and '60s included "That's Amore," "Memories Are Made of This" and "Everybody Loves Somebody." He died on Christmas Day 1995.
    1921-clarinest Tony Scott born Morristown , NJ .
    1933-birthday of Maurice “Mo” Stokes, basketball player born at Pittsburgh , PA. Stokes played at S. Francis College (PA and was drafted by the Rochester Royals of the NBA in 1955. He quickly became a top performer, winning the Rookie of the Year award in 1955-56 and making the All-Star team three years in a row. Following the 1957-58 season, Stokes collapsed and went into a coma. Encephalitis made him an invalid, but treammate Jack Twyman cared for him the rest of his life. Died at Cincinnati , OH , April 6, 1970.
    1938-the first ski lift to operated in the United States was the Cannon Mountain Tramway at Franconia, NH, a 5,400-foot suspension ride. It was suspended by giant cables 40 feet above the trees and ran from the base of Cannon Mountain to one of it speaks. I had two cars, each accommodating 27 persons, which made the trip up or down in eight minutes at the speed of a thousand feet a minute.
    1940--Birthday of Alton Kelley, artist of San Francisco rock posters.
    1944---Top Hits
Long Ago and Far Away - Helen Forrest & Dick Haymes
I'll Be Seeing You - The Tommy Dorsey Orchestra (vocal: Frank Sinatra)
I'll Get By - The Harry James Orchestra (vocal: Dick Haymes)
Straighten Up and Fly Right - King Cole Trio
June 17, 1946 Barry Manilow Birthday (“This One's for You”)
    1943-- Barry Manilow Birthday (“This One's for You”)
    1947-The radio show The Adventures of Philip Marlowe debuts. Based on Raymond Chandler's groundbreaking series of hard-boiled detective novels, the producers hoped to reproduce the success of the hit radio drama The Adventures of Sam Spade, which ran from 1956 to 1941. Chandler's character Marlowe had already appeared on the silver screen four times, notably in The Big Sleep (1946), starring Humphrey Bogart. The character failed to translate well to the radio, though, and the series lasted only a few months.
    1950-In a 45-minute operation witnessed by 40 visiting surgeons and doctors at Mary Hospital, Chicago, Il, Dr. James Ward West removed a healthy kidney from the body of a woman who had died. Dr. Richard Harold Lawler transplanted the kidney into the renal pedicle of a patient from who a polycystic left kidney had been removed, and the first kidney transplant was complete.
    1952---Top Hits
Kiss of Fire - Georgia Gibbs
Be Anything - Eddy Howard
I'm Yours - Eddie Fisher
The Wild Side of Life - Hank Thompson
    1954-The US organized the government of the US Virgin Island.
    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).
    1960---Top Hits
Cathy's Clown - The Everly Brothers
Everybody's Somebody's Fool - Connie Francis
Burning Bridges - Jack Scott
Please Help Me, I'm Falling - Hank Locklin
    1968---Top Hits
Mrs. Robinson - Simon & Garfunkel
This Guy's in Love with You - Herb Alpert
Mony Mony - Tommy James & The Shondells
Honey - Bobby Goldsboro
    1961-Ben E. King enjoys his biggest hit as "Stand By Me" reaches #4 on the Billboard singles chart. The same song would re-appear on the Hot 100 in 1986, reaching #9 after it was featured in the River Phoenix film of the same name.
    1967-The Hollies' "Carrie Ann" is released in the US, where it will reach #9.
    1968-The Ohio Express are awarded a Gold record for their Bubble Gum hit, "Yummy, Yummy, Yummy."
    1971-Carole King saw her "Tapestry" album hit number 1 in the US for the first of 15 consecutive weeks. The LP contained such classic tracks as "It's Too Late", "I Feel the Earth Move", "So Far Away", "Will You Love Me Tomorrow?" and "You've Got a Friend". The Grammy Award winning disc is considered by many to be one of the best Rock 'n' Roll albums of all time.
    1972-Five are arrested for the break-in at Democratic Party Headquarters ( in Watergate complex, Washington , DC ). They had previously placed wire taps and searched the headquarters on a regular basis, but leaving a rear-door unlocked made a building security guard suspicious. The arrests led to revelations of political espionage, threats of imminent impeachment of the president, and, on August 9,1974, the resignation of President Richard M. Nixon. It is doubly ironic that Nixon was way ahead in the poll primarily because his opponent Senator George McGovern of South Dakota was not strongly supported by the Democratic Party, although he had sworn he would end the Viet Nam War 90 days after he was elected.
    1976---Top Hits
Silly Love Songs - Wings
Get Up and Boogie (That's Right) - Silver Convention
Misty Blue - Dorthy Moore
I'll Get Over You - Crystal Gayle
    1976-Four teams from the American Basketball Association joined the National Basketball association as the ABA went out of business after nine years. The four teams, the Denver Nugges, Indiana Pacers, New York Nets and San Antonio Spurs bought the total number of teams in the NBA to 22.
    1978-Andy Gibb became the first solo artist in the history of Billboard's Hot 100 to have his first three releases reach number one, when "Shadow Dancing" hit the top of the chart. Since then, Michael Jackson had four number ones in a row and Mariah Carey had five. "Shadow Dancing" would be the best selling single in the US in 1978
    1978 - "Shadow Dancing", by Andy Gibb, reached the number one spot on the pop music charts for the first of seven weeks. Gibb had two other number one hits: "I Just Want to Be Your Everything" and "(Love is) Thicker than Water". Gibb, the youngest of the Gibb brothers who made up the Bee Gees, hosted TV's "Solid Gold" in 1981-82. Andy scored nine hits on the pop music charts in the 1970s and 1980s. He died of an inflammatory heart virus in Oxford , England in 1988.
1988-Microsoft releases MS DOS 4.0
    1984---Top Hits
Time After Time - Cyndi Lauper
The Reflex - Duran Duran
Self Control - Laura Branigan
I Got Mexico - Eddy Raven
    1988 - Thunderstorms produced large hail and damaging winds in Georgia and the Carolinas. Thunderstorm winds gusted to 75 mph at Eden, NC.
    1988-Bruce Springsteen separates from Juliette Phillips
    1988-The Givens' Family reports heavyweight Mike Tyson beats his wife actress wife Robin Givens. They later divorce on the grounds of “extreme cruelty
    1988—Top Hits
Foolish Beat- Debbie Gibson
Dirty Diana- Michael Jackson
Together Forever- Rick Astley
Make It Real- The Jets
    1991-The body of Zachary Taylor, the 12 th US President, was exhumed from a cemetery in Louisville , KY. Taylor died suddenly of acute gastrointestinal illness on July 9, 1850. Some historians suggested that he might have been poisoned. To test this theory, his remains were exhumed ( the first presidential body to be exhumed ). A coroner's report dated June 26 found no evidence of foul play.
    1993-Top Hits
That s The Way Love Goes, Janet Jackson
Weak- SWV
Knockin Da Boots- H-Town
Freak Me- Silk
    1994-the first World Cup soccer tournament was held at Soldier Field, Chicago , IL . Fourteen nations competed in the marathon tournament, with games held in nine American cities. Brazil won the cup after defeating Italy at the Rose Bowl in Pasadena , CA .
    1994-Former football player and announcer O.J. Simpson was arrested in connection with the murder of his wife, Nicole Brown Simpson, and Ronald Goldman. Simpson had fled his home in the morning rather than be arrested. In the evening eh and his friend Al Cowlings were in Simpson's white Ford Bronco. They led a horde of police cars on a long but slow car chase on Los Angeles 's freeways and eventually wound up back at Simpson's home where he was apprehended. Television stations around the country followed these vents live, and an estimated 90 million people watched. Simpson was later acquitted. The killer(s) have allegedly never been caught.
    1994-Jun 17-July 17 The World Cup of soccer was played in the US for the first time. The international championship is held every four years. The 1994 games began in Chicago on June 17 with a match between Germany and Boliva and eneded in Los Angeles with a final betweenBrazil and Italy on July 17 with Brazil taking the Cup. Soccer, generally known as football outside the US , is the most popular spectator sport in the world, though it has never achieved great status in the US above the amateur level. The games were watched on television by billionis of fans around the world. John Madden has suggested there is not room for television commercials and thus the networks do not broadcast these games.
    2008-Boston Celtics rout LA Lakers, 131-92



Baseball Poem

Without the iconic numbers
Like Cy's 511, Ted's .406, the Babe's 60
Without the fabulous legends
Tall tales of Josh's homers that land
In the next city on the next day
Without the headlines and box scores
They are still there

We recognize their faces
From black-and-white photos
And newsreels and pieces
Of cardboard that sold tobacco
Their trademark stances
Windups and deliveries
Slings and swings
Trots around the sacks
Head-first slides home

They have become family
Sometimes we know their nicknames
Best of all
No one is anonymous
And each has left something behind
Not just the tools of their craft
Horsehide and leather
White ash and muddy metal cleats
Pinstriped jerseys and wire-rimmed sunglasses
Not just trophies and rings and the stuff
Of attic trunks and game room displays

We have memories
Stories told between generations
Embellished over hot stoves
Recalled every summer
In the grandstand and bleachers
When something out there jogs
Something in here
Where they will live
As long as the Game
Is played

Written by Gene Carney
"Romancing the Horsehide,"
Baseball Poems on Players and
the game, published by McFarland
and Company




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?



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