 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
March
05 , 2003
Post time 7:46 a.m. PST |
Headlines---
Pictures from the Past---1985---WAEL Space
Crew
Classified Ads---Jobs
Wanted---Sales
Abacus
Sues Leasing News for Five Million Dollars ($5,000,000)
----
Commercial Money Center Was Not Licensed in California
Fitch:
Equip.Leasing May Still be Threatened
by Future Defaults
Fitch:
Global Corporate Ratings Will Continue Downward
Bridgeview
Bank is Latest Contract Win for Golden Eagle Leasing
Nassau
Unveils Online Equipment Tracking Service
One
of our Clients/Friends for Over 25 Year-Forced Out of Business
"Technical Leasing
for Sales Success"--March 20,Chicago
Wells Fargo Finalizes Telmark Deal
#### Denotes
Press Release
Termites
Hit the Alamo in San Antonio
Pictures
from the Past---1985--- WAEL Space Crew
“Members
of the Western Association of Equipment
Lessor’s space crew from
left:
Ben Millerbis, Pentek Leasing, San Jose, Ca; John Torbenson, Heritage
Equipment Financing Corp., Bellevue, WA; Randy Bauler, Executive Vice-President,
UAEL.”
Classified
Ads---Jobs Wanted---Sales
Sales:
Dallas, TX
Director,
Business Development for international financial institutions. Global
vendor programs with minimum sustainable volume of $24M annually. CFO
and Treasury contacts with major technology and energy corporations.Email:tkorpolinski@ev1.net
Sales:
St Lucie, FL
Sales,
credit, doc. exp.w/top communications skills. Exp. large territory management
from home office. Various industries; golf equipment, construction, ff&e,
computer related, and others. Sales achiever. Email:David34983@aol.com
Sales:
San Francisco Bay Area, CA
10+
yrs in middle market leasing. Seek direct lessor only. Transaction size
from $500M to $10.0MM. Client base: printing, food, retail, hvy manufacturing.
Email:edm173@sbcglobal.net
Sales:Scottsdale,
AZ.
19+
years in middle-market-leasing. Concentrations in Medical/Manufacturing/IT&
General in multiple geographic territories. Well versed in direct calling&
closing efforts to C- Level& subordinate management. email:bill_peter@msn.com
Sales:
Phoenix, AZ
Sales
professional with 10 years of leasing experience, seeking a direct leasing
company. Currently in the IT leasing market with vendor relationships,
Small/middle market arena. Email:scott61@cybertrails.com
Sales:
Mission Viejo, CA
Account
Sales Executive with 10 years of leasing experience looking for company
to bring existing customer base. Email:makelly21@hotmail.com
Sales:
Philadelphia , PA Seeking an open opportunity to advance in the automotive,
commercial leasing & finance industry......... email: alexe362002@yahoo.com
Sales:Austin,
Texas 24yrs exp.in equip leasing sales, vendor/direct, leasing high-tech
to rolling stock. HP12C/17B. Small-Mid Ticket. Seeking Texas territory
which can be covered from Austin home-base. email:GeorgeMinchew@sbcglobal.net
Sales:
Louisville, KY
I
have been in leasing/financing of construction, machine tool, and mfg
equipment for 20+ years. Traveled KY, IN, OH and TN.
Sales:
Atlanta, GA. Consistent top performer, results oriented with outstanding
sourcing, structuring and negotiation skills. Direct& vendor development
sales. Mid-market and above - Customers throughout Southeast. email:w.t.dent@comcast.net
Sales:
Prairie Village, KS Have substantial deal flow and database of broker
referral sources. Generated and closed over $22M LY. Seeking exclusive
relationship w/direct founder. email:fiergl@aol.com
Sales:
Orange County, CA.
Skilled
deal-closer at above-average rates. Entrepreneurial. Accomplished lease-structurer
specializing in transportation. Exp. in direct/ captive & syndicator
environments servicing vendors, brokers, & end-users. email:originator@sbcglobal.net
Full
list at: http://65.209.205.32/LeasingNews/JobPostings.htm
---------------------------------------------------------------------------------
Abacus
Sues Leasing News for Five Million Dollars ($5,000,000)
Actually
they also sued the company that made the complaint to the bulletin board,
plus
Kit Menkin as an individual and American Leasing, a company in which Menkin
is a principal.
“9.
The defendant, Christopher L. Menkin seeks any type of news and without
verifying the facts publishes information maliciously with the intent
of defaming
companies
to steal leasing business away to his own company American Leasing, Inc.
(That
is not my legal name and American Leasing is a limited liability partnership,
which
acts basically as a lessor and discounter for leases primarily in Santa
Clara
Valley,
California. Leasing News is a separate company incorporated in the
State
of California.)
“10.
As a result of the defendants’ conduct in posting allegations concerning
plaintiffs, derogatory information is being disseminated defaming the
plaintiffs
causing
plaintiffs to lose substantial business and future business.
(Abacus
Leasing kept a $50,000 deposit from a prospective lessee that
was
never funded. A copy of the commitment
letter states the money
will
be returned if the lease is not “funded” and makes no mention at
all
regarding keeping a $50,000 deposit. In fact, such an arrangement
in
reality can only be described as is preposterous in the leasing industry. The actual agreement was provided in a “pdf”
form for readers to make their own decision (you will read the document
spells out the fee should the lessee
http://www.leasingnews.org/Conscious-Top%20Stories/abacus.htm
Leasing News spoke with Matt Burke of Abacus Leasing, who
said he would have a statement, then did not return three subsequent telephone
calls, then after two faxes, returned
the third saying he would be entering in a law suit if we printed the
complaint from Pacific Toxicology Laboratories--- who wanted their $50,000
deposit returned because (a) the lease was never put together, plus (2)Abacus
was never entitled to the $50,000 deposit, according to their own signed
commitment letter.
For the record, Leasing News is a separate entity form American
Leasing.
American Leasing has never conducted any business from any
referral
from Leasing News---ever. None. Never. 100%. Nada. Never happened.
While Leasing News receives requests for referrals, they
are given to brokers,
funders, and others who ask advice. If a lessee, applicant, or any individual
involved in a complaint seeks a lease, whether a vendor or
lessee, in almost all
cases they are referred to the National Association of Equipment
Leasing
Broker website that has a list of brokers and their specialties.
These are companies who abide by the NAELB Code of Ethics.
We were successful in many applicants having their “advance
rentals” or
“deposits” returned. When
this is accomplished, there is no complaint
to be posted. It is
not uncommon for a lessee to be grateful to receive
$1,800 or “$9,700 ” return to them. After hearing that the check has
cleared the bank, and want to send us remuneration, we suggest
they contribute to the Equipment Leasing and Finance Foundation
http://www.leasefoundation.org/.
We seek no remuneration nor do we accept it.
http://www.leasingnews.org/Conscious-Top%20Stories/LN_2002_BB_Complaints.htm
We do give recommendations for books, websites, information,
but when
it comes down to representing a lessee or vendor, almost
all referrals are made
to the www.naelb.org
site.
American Leasing has no “broker” program and in the last
two years, about 100% of their customers are within one hour driving time
of the main office. Both companies go to lengths to distant their
activity from telephone, bank account, physical address, and type of activity.
They are separate and distinct.
“Wherefore, the plaintiff respectfully demands that a Temporary
Restraining
Order be entered prohibit the defendants from further dissemination
of issues before a court of law be publicly displayed, a money judgment
in favor of the plaintiff against the defendants jointly and severally
in the amount of Five Million
($5,000,000) Dollars, including punitive damages and reasonable
attorney fees and for such other relief deemed just and property by the
court.”
We have referred the matter of the $50,000 deposit not being
returned to the Attorney General’s Office of New York State.
By the way, we checked with the State of California Department
of Corporations, when the transaction was signed, Abacus Equipment Leasing,
Inc. dba Abacus Leasing and Mathew Burke were not licensed under the Finance
Laws of the State of California.
If Mr. Burke has any comments on any of these complaints,
we welcome them and
will print them as we originally requested in our first telephone
conversation to
hear his side to the story.
Basically, we ask readers to go to the “pdf” of the commitment
letter and make
up your own minds regarding the return of the $50,000 deposit.
We also ask if there is an attorney in New York State who
will defend us “Pro Bono” as our main purpose has been to bring truth
to the industry without
financial reward.
-------------------------------------------------------------------------------------------
Believe it or Not!!! Commercial Money Center
Was Not Licensed in California
Leasing News has learned the “class action” suit
against CMC and the funders,
including the surety insurance companies, revolves
around the laws of usury.
Since the Commercial Money Center was not licensed
by the California State Department of Corporations for a Finance Lenders
License or what
was originally called, “Personal Property Brokers
License,” the leases may be subject
to usury, it was reported to us.
According to one of the attorneys involved in
the case, the judge has
taken under submission to decide whether they
are “operating leases”
or “finance leases.”
Under the state law, leases that are operating
leases, true leases, do not require
that the parties be licensed under the present
law. It is no contest that the CMC lease implied interest rates are well
above 50% APR, not including the
up-front fees or deposits or guaranteed purchase options. The Funding Tree argued this case before them, and moved to Nevada
rather than try to resolve the issue.
To be licensed, you cannot have a felony record,
a bankruptcy, and the officers must meet certain criteria. In the instance of the Funding Tree, they obviously
did not ( Kendra Bernal was in violation of parole
and actually left her own
attorney with a $10,000 bill she has not paid
to date while she was trying to
avoid prosecution---this is fact direct from
the attorney involved, not
hearsay. Ironically
one of the key attorneys for CMC has withdrawn from the case because he
has not been paid---more on this story as it develops.) There are questions whether CMC would have qualified
for the license, it is reported.
Almost all the leases signed by CMC were “PUT’s,”
purchase upon terms.
In the equipment lease accounting industry, this
is considered a “finance lease” and not an “operating lease.” While there
may be some exceptions, the great
majority took deposits up front to apply for
determined purchase options signed
by both parties. The structure is the question
as the judge believes this is either “an accounting matter” or “usurious
matter.” Meaning if they are “finance
leases, “
the owners of the contracts may be liable.
If not, it is for the bankruptcy
courts ( more on this to follow) and a division
of assets where the class action
plaintiffs may stand ahead of the lenders, including
those with the surety bonds,
such as Netbank, it is believed.
According to one attorney, one of the purchasers
of one of the CMC portfolio’s was GE Capital, who’s attorney stated that
GE Capital did not require that lessors or brokers be licensed in California,
further stating that not many financial institutions made this requirement
to conduct business. We are talking here about millions of dollars, where
it appears a “due diligence” was not conducted. This information was provided by one of the attorneys involved in
the matter.
While this decision goes on in the Los Angeles
courts, the San Diego Federal Bankruptcy Court appears to be trying to
move the matter to the Ohio Courts,
where the surety insurance companies and banks are dukking it out over
millions of dollars ( Net Bank has an
$80 million claim.) Of course, the State Los Angeles courts could
decide the Class Action suit brought by lessees and vendors. This will
then affect the division of the pie, if any.
In Ohio, who is the legal owner of the “stream
of payments,” the equipment,
and whether the bonds were legally filed or whether
there was misrepresentation
or perhaps a settlement will be the outcome or
perhaps the insurance companies
could also go out of business—unlikely but possible.
And then there is the FBI
investigation into the Kiosk leases ( didn’t
exist, vendor not paid) and other
matters. Meaning
whether the Los Angeles judge says “finance lease” or
“operating lease” this may be going on for five
years---and maybe there
will be more attorneys who will not be paid.
The class action suit is
on a “contingent basis” so they can hang on,
if the judge says they
are a “finance lease.”
The attorneys need someone to help the judge
become a Certified Lease
Professional.
Meanwhile former officers of the Commercial Money
Center are back
in the leasing business.
---------------------------------------------------------------------------------
########### #############################################
Fitch: Equip.Leasing Improvements May Still
be Threatened by Future Defaults
Falling delinquencies within Fitch's equipment
lease ABS delinquency index captures stabilizing credit quality within
the leasing industry over the past 24 months, despite the shaky economy
and the uncertainty surrounding businesses' appetites for capital spending,
according to a new report.
After dropping 13 basis points (bps) during third-quarter
2002, total equipment lease ABS delinquencies greater than 30 days past
due for the fourth-quarter ended December 31, 2002 declined another 37
bps to end the year
at 5.08%. Overall, total delinquencies are down
128 basis points, or 20.16%, for the entire year.
Throughout the past 12 months, Fitch's index
revealed significant delinquency migration from the 31-60 day bucket to
the older 61-90 and 91+ day buckets, a
forecast of potentially higher gross defaults
in the near term. Fourth-quarter 2002 performance reversed this trend,
however, as the 91+ day
past due bucket's proportion of total delinquencies
fell 732 basis points to 24.43%. Despite this
improving performance, Fitch believes gross defaults could trend higher
as the 91+ bucket was up 452 bps in 2002.
In addition to highlighting the delinquency index,
Fitch's 'ABS Equipment Expo' newsletter features an 'Investor Roundtable'
discussion focused on default
patterns within equipment lease securitizations,
a 'Construction and Agricultural Equipment Rating Criteria Spotlight'
as well as a 'Commercial
Finance and Leasing Industry Outlook.'
'The ABS Equipment Expo' is a publication that
tracks equipment lease ABS performance, industry trends and developments
within the securitization market.
Both current and historical editions of the newsletter
are available on Fitch's website at 'www.fitchratings.com' or by contacting
Products & Services at 212/908-0800.
CONTACT: Fitch Ratings
Sara Grohl, 212/908-0564
John Bella, Jr., 312/368-2058
############## ######################################
Fitch: Global Corporate Ratings Will Continue Downward
Fitch Ratings-New York-Fitch Ratings expects global corporate
rating actions to continue along a downward path into at least the first
part of 2003, as many credits feel the pressure of a delayed economic
recovery, weak earnings, and the fallout from the vast number of defaults
during the previous year, according to a new report published yesterday
detailing Fitch's 2002 rating activity and providing an Outlook for 2003.
'While the new year may represent a fresh start for Fitch's
downgrade-upgrade count, the corporate market is off to a decidedly negative
bias, with analyst earning estimates already being reduced for the component
companies of major stock indices,' said Charlotte Needham, Associate Director,
Fitch Ratings. 'Fitch's global corporate downgrades during 2002 included
a list of who's who from Wall Street to Main Street, and global corporate
senior debt downgrades outnumbered upgrades by nearly 9 to 1 during the
year.'
By far, global power, telecom, and technology were the most
battered by regulators and public opinion, as corporate accounting scandals
and governance issues captured the spotlight.. Overall, corporates experienced
428 rating downgrades from Fitch in 2002, compared to a meager 48 upgrades.
The financial institutions sector experienced a considerable amount of
rating activity as well during 2002, with 276 downgrades for the year,
compared to 118 upgrades.
'In some cases, downgrades possess the capability of becoming
a dual-edged sword for many issuers, as the effects of lowered ratings
can be substantial if the issuer's bond issue and/or lending agreements
contain rating triggers buried within the terms,' said Needham. 'Triggers
exist to entice investors and lenders to the table, but can further affect
an issuer's performance and access to credit once rating levels have already
been lowered, possibly leading to future downgrades.'
The report 'Downgrades Rule the Fragile Credit Environment
in 2002' is available on the Fitch Ratings web site at 'www.fitchratings.com'
in the 'Credit Market Research' page and under 'Research'. The report
is also available by contacting the Ratings Desk at 1-800-893-4824.
Contact: Charlotte Needham 1-212-908-0794 or Glen Grabelsky
1-212-908-0577, New York.
############ #########################################
Bridgeview Bank is Latest Contract Win for
Golden Eagle Leasing
Golden Eagle's Customized Programs, Service Level,
Competitive Pricing Add Up to Deal With Potential of Thousands of New
Leases
PHOENIX, -- Golden Eagle Leasing, a leading lessor
of equipment financing in the credit card authorization market, is Bridgeview
Bank's choice for a major new leasing contract expected to result in several
thousand leases. This new contract
with multi-million dollar potential is the latest in a series of contract
wins for Golden Eagle Leasing, the company recognized for customized programs,
top performance and competitive pricing.
"Bridgeview Bank, a strong leader in its
industry, came to Golden Eagle seeking a comprehensive leasing program
that would help them grow their business and that's exactly what we created,"
said John Arato, Senior Vice President, Golden Eagle Leasing. "Our flexible approach, efficiencies and
our unique ability to tailor leasing programs were just what Bridgeview
wanted."
"Quite frankly, the decision was easy in
selecting Golden Eagle Leasing. Their reputation and ability to offer
a complete program wrapped around our specific needs, coupled with their
outstanding service level, added up to everything we were looking for,"
said Jim Maher, President of Bridgeview Payment Solutions. "We see Golden Eagle as an important resource
to help us do more for our customers and accelerate our growth in 2003."
Golden Eagle Leasing Knows "One Size Does
Not Fit All"
One of the hallmarks of success for Golden Eagle
Leasing is its understanding that each customer has unique needs. As a result, Golden Eagle's approach focuses
specifically on helping each of its customers determine those needs and
creating leasing programs that will fulfill all of the requirements.
About Bridgeview Bank
Bridgeview Payment Solutions (BPS) is well known
nationally as one of the top merchant bankcard processors in the U.S.
BPS has been processing credit card transactions as a subsidiary
of Bridgeview Bank & Trust since 1993 and provides services for more
than 27,000 merchants nationwide. In 2002 BPS celebrated achieving a processing
threshold of over one billion dollars per
year.
About Golden Eagle Leasing ( www.goldeneaglecredit.com
)
Golden Eagle Leasing, Inc is a leading lessor
engaged primarily in micro-ticket leasing (under $5,000) in the credit
card transaction market. Headquartered in Ridgefield, Connecticut, Golden
Eagle provides comprehensive lease and rental programs nationwide to merchant
card processors, equipment vendors and merchant service providers.
Focused on efficiently funding and servicing
small individual or large multiple transactions for micro-ticket equipment,
Golden Eagle differentiates
itself through customized programs and exceptional
service. Additional information
regarding Golden Eagle Leasing can be obtained at www.goldeneagleleasing.com
. Golden Eagle is a wholly owned
subsidiary of
Hypercom Corporation (NYSE: HYC).
Hypercom Corporation is a leading global provider
of electronic payment solutions that add value at the point-of-sale for
consumers, merchants and acquirers. Hypercom
maintains an installed base of more than 5 million card
payment terminals in over 100 countries, which
conduct over 10 billion transactions annually.
For more information about leasing programs from
Golden Eagle: contact Catherine Christi at 800-935-3273, or by e-mail
at cchristi@gehyc .
SOURCE Hypercom Corporation
CONTACT:
Pete Schuddekopf
Hypercom Corporation
Phone Number: (602) 504-5383
########### ############################################
Nassau Unveils Online Equipment Tracking Service
Corporate Turnarounds and Liquidations are Fueling
Need, Expert Says
ROSYLN HEIGHTS, --Amid a record number of U.S.
business failures and growing number of plant liquidations, Nassau Asset
Management, a well-known service provider in the equipment leasing and
finance industry, is setting the standard in online asset tracking. Its
newly enhanced system, called NASTRAC, keeps customers informed about
the status of repossessions, bids, and sales of equipment placements in
real time.
This newly refined online asset-tracking system,
accessed with a password at Nassau’s Web site, already has some 2,100
accounts, serving such commercial lenders as banks, leasing companies,
credit unions and bankruptcy trustees.
Nearly 100 rollups and bankruptcies occurred
in the equipment leasing industry within the past two years, according
to the 2002 Industry Future Council Report published by the Equipment
Leasing Association (ELA). Ed Castagna, senior executive vice president
of Nassau Asset Management, estimates that the number of troubled companies
has risen by 40 percent, boosting demand for Nassau’s asset recovery,
collections, remarketing, and appraisal services and tools.
The firm has responded by beefing up staff and
fine-tuning its internal online tracking system to make it seamlessly
available to customers 24x7. “It is a natural extension of our business,”
says Castagna, “and while it allows for self-service, it does not replace
the personal service Nassau provides to its customers. We have access
to more buyers than our clients would ever have on their own or in general
auctions, and the system simply demonstrates this,” he says.
Castagna is quick to point out that Nassau personnel
are available by phone and very actively working offline as well to ensure
that creditors get the greatest value from their assets through Nassau’s
highly skilled sales staff, robust web traffic, and global connections.
“In many instances our customers come out of
liquidations with equipment returns above fair market value and in record
time,” Castagna says. “What used to take weeks is reduced to just a few
days.”
“My clients are very happy with NASTRAC because
it is so easy to use that they can enjoy the functionality immediately.
They like being able to monitor the progress of all of their accounts,
and more importantly the ability to quickly zero in on what needs attention.
They don’t have to wait for a report from me since they can pull an accurate
report as often as they need one,” says Castagna.
“This has truly made us a global company and
has enabled us to attract and retain some of the largest and most prestigious
lending institutions, such as American Express and Banc One Leasing Corporation.
About Nassau
Nassau Asset Management of Roslyn Heights, NY,
has been providing full-service asset management, including asset recovery,
collections, remarketing, full plant liquidations, and appraisals for
more than 25 years to the equipment leasing and finance industry. For
more information, please visit www.nasset.com.
Edward Castagna
Senior Executive VP
516-484-5959, Ext. 301
---------------------------------------------------------------------------------------
One of our Clients and Friends for Over 25 Year-Forced
Out of Business
By Mike Cassidy
San Jose Mercury News
Jim and Norma Carney and their office-machine
business survived the rise and fall of the Flexowriter, the Teletype and
the fax machine (just barely).
But the latest Silicon Valley downturn has proved
too tough.
In January, they said goodbye to some longtime
employees at Systems Business Machines and walked out of their Santa Clara
shop for the last time. For good. Forever.
``I walked out of that office. I cried all the
way home,'' Norma says. ``I cried. I cried. I'll start to cry again.''
And sitting in her Saratoga living room, she
does.
These are hard times for small businesses. Big
players are often better equipped to ride out rough patches. They can
negotiate better prices from suppliers because they buy in bigger volume.
They can spread costs over a larger operation.
For small businesses, the wiggle room has all
but disappeared. The corner grocer gets stomped by Costco. The local druggist
succumbs to Wal-Mart. The independent bookseller surrenders to Borders.
The Carneys sold to a larger player for far less
than they wanted and far sooner than they ever imagined.
The Carneys had a different plan in 1975 when
they launched their business. OK, as Jim tells it, maybe they didn't have
much of a plan at all when they launched.
``We actually started it in our garage,'' he
says.
The key product was the Flexowriter, a gizmo
that punched computer commands into paper tape. They moved into Teletype
machines, which businesses used before the fax machine. By the time the
fax caught on in the early 1980s, the Carneys had become one of the biggest
Teletype distributors in the country.
That was the bad news. With fax machines, no
one needed Teletypes.
``There has never been a market that died faster,''
Jim, 65, says.
Systems Business Machines moved into fax machines
and copiers and found an upward trajectory. The company grew to 50 employees.
The Carneys' son, Tim, joined the business. The Carneys built their dream.
An interesting thing about the copier business:
The real money is in the service agreements sold with the machines. The
payments depend on the number of copies made on any given machine. The
more copies, the more money the machine's distributor gets.
When Silicon Valley's economy crashed, there
was less work to do, fewer copies to be made and less money for Systems
Business Machines.
``On top of that,'' Norma, 62, says, ``we hit
a few accounts that went belly up.''
So last week, the couple closed the deal with
Caltronics, a regional business-machine power with 10 times Systems' roughly
$4 million in annual revenue. (Neither party would disclose the sale price.)
It's a shocker -- to have a plan, make everything
work for 28 years, only to find everything isn't working.
The 50 employees? The Carneys started shedding
them by attrition long before the sale. But they laid off some and Caltronics
laid off more. (Ten found jobs with the new owner.)
And the Carneys plan for Tim to take over? That's
not going to happen. He's left the business and become a network consultant.
Jim still has a job -- a five-year contract to
work in sales and consult for Caltronics. And Jim and Nora both have the
memories -- memories like the framed articles on the wall celebrating
their company in its prime.
``Just a little reminder,'' says Norma, ``of
what was our life.''
(Tim Carney is the network consultant for Leasing
News.Editor)
-------------------------------------------------------------------------------------------
Technical Leasing for Sales Success”
March 20-23, 2003
Hyatt Regency Oakbrook
Chicago, Illinois
National Association of Equipment Leasing Conference
One of the main events the first day:
“Technical Leasing for Sales Success”
An Invaluable Lease Training Opportunity
·
No Cost, Full Day
Advanced
Leasing Workshop
·
Among the subjects covered
1. Industry Overview
2. Industry Terminology Refresher
3. Understanding Lessee Needs
4. Understanding and Selling the
Tax Benefits of Leasing
5. Understanding and Selling the
Accounting Benefits of Leasing
6. Lease vs. Purchase Analysis
7. Developing Vendor Relationships and Loyalty
8. Packaging for Maximum Approvals
Your Instructor:
Loni L. Lowder, President and CEO of ACC
(Formerly Amembal Capital Corporation), has over 25 years of experience
in the technical and sales aspects of leasing,
including having served as a partner and board member of Amembal
& Dean.
·
CLP— CPE Accredited
·
Location
Chicago Hyatt Regency
Oak Brook, Illinois
Schedule: 9 AM to 5 PM
For more information on the Chicago NAELB Conference, open
to members and non-members:
For more information on this meeting and to register click
the following link: www.naelb.org/ events.shtml
or
http://www.naelb.org:80/events.shtml
or
http://www.naelb.org/conf2003_regform.pdf
re: ACC Workshop
Registration Form
Please register me for
Technical Leasing for Sales Success
March 20, 2003 in Chicago at the
Hyatt Regency
Name __________________________________
Title ___________________________________
Company _______________________________
Address ________________________________
City ___________________________________
State _____________ Zip __________________
Phone (___) _____________________________
Fax (___) _______________________________
E-mail _________________________________
To register, please fax
Registration Form to:
(801) 595-9077
Wells Fargo Finalizes Telmark Deal
December 24,2002 (date
we first reported this)
Wells Fargo Financial Leasing to Acquire Assets of Telmark,
Lease Financing
Subsidiary of Agway
original story
http://two.leasingnews.org/archives/December%202002/12-24-02.html#wells
Today---
Approximately $700 million in owned and managed lease receivables
have become a part of Wells Fargo Financial Leasing which currently has
more than $1.2 billion in lease receivables. Two hundred fifteen employees
of Telmark in Syracuse and in field positions throughout the United States
were
involved.
Dan Edinger, former president, Telmark, LLC, currently is
heading the rural markets division of Wells Fargo Financial Leasing. The
company, located at 333 Butternut Drive, DeWitt, will retain its offices
in the Syracuse area. They state no changes are expected.
---------------------------------------------------------------------------------------
Please send to a friend and ask them to subscribe.
------------------------------------------------------------------------
News Briefs---
Greenspan cautions that housing
market may cool off this year
http://www.signonsandiego.com/news/business/20030304-0559-greenspan-housing.htm
Consumer Debts Bill Moves
in Congress
http://www.washingtonpost.com/wp-dyn/articles/A43691-2003Mar5.html
Airport expansion approved
San Jose voters OK $1.3 billion
measure said to create 1,700 jobs
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/03/05/SJAIR.TMP
Albany,Syracuse,Rocheste and Buffalo
Ask to Raise Sales Tax 1%
http://www.boston.com/dailynews/063/economy/Four_cities_ask_state_for_1_pe:.shtml
Auto stocks slide on downgrade,
production forecasts
http://www.boston.com/dailynews/063/economy/Auto_stocks_slide_on_downgrade:.shtml
Porsche cuts production of 911,
Boxster models
http://www.boston.com/dailynews/063/economy/Porsche_cuts_production_of_911:.shtml
Nobody Does it Like Sara Lee---to
close more bakeries
http://www.boston.com/dailynews/063/economy/Sara_Lee_to_close_more_bakerie:.shtml
Sports Brief----
Chargers opt to pull the trigger
http://www.signonsandiego.com/sports/chargers/20030304-1741-newtrigger.html
-------------------------------------------------------------------------------------------
Termites Hit the Alamo in San Antonio
http://www.dallasnews.com/latestnews/stories/030503dntexalamo.5cd04.html
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
www.leasingnews.org
Leasing News, Inc. 346 Mathew Street, Santa Clara, California 95050 Voice: 408-727-6464 Fax: 800-727-2026 kitmenkin@leasingnews.org 
|
 |