Classified Ads----Sales

 

 

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: Atlanta, GA. Extensive experience, knowledge and success in the leasing industry covering several markets. Currently have a profitable book of business. Excellent sales skills and 19BII proficiency.

email: flowageman@aol.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: Chicago, IL. 12+ yrs multinational/ national sales & business development. Seeking role with captive lessor or global leasing company. Will relo right opportunity. Experience structuring complex transactions. email: leasingismylife@yahoo.com

 

Sales: Chicago, IL. Equipment leasing professional with 25+ years experience in sales, sales management and debt placement. Excellent communication skills, strong credit & financial understanding. steevo@wideopenwest.com

 

 

Sales: Detroit, MI. 16-year lease veteran looking for opportunity in the Detroit area. Ability to bring on new accounts and manage existing base. Up to 60% travel acceptable. email:ebonbri@aol.com

 

Sales: Greensboro, N.C. Seeking direct & broker sales w/major finance companies in NC or southeast market. Small to mid-ticket range. Stable &family oriented. Will have series 6,63,65 license shortly. email:kc1492@aol.com

 

 

Sales: Hartford, CT. 10+ yrs leasing sales exp.; multi-industry, small-large ticket, Direct, Vendor, and Captive exp. Seeking sales position with captive or independent company with equity investment capability. email: bcurt95@aol.com

 

 

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.

Email:kyle90@msn.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: Orange County, CA. 20 yrs. in leasing. Skilled, persistent marketing rep. Great closer on deals from $100K to $5MM. Looking for middle market company.

email: pauldriscoll1@lycos.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

 

Sales: Philadelphia , PA Seeking an open opportunity to advance in the automotive, commercial leasing & finance industry......... email: alexe362002@yahoo.com

 

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: St. Louis, MO

Proven equipment finance sales professional looking for a new challenge which rewards success. Equipment type and location open provided you want business. email:amlifter@aol.com

Sales: Houston, TX. Experienced 20 years vendor development, direct sales and marketing with great presentation and closing skills. email: rwm217@yahoo.com

 

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: Stuart, Fl. 17 years exp. leasing in small ticket and large ticket, portfolio management exp. along with sales management and administrative background, strong sales and marketing skills. email: sales@rvcglobal.com

 

Sales: Tampa, FL. 27 years experience. Very adept in bank lease programs and direct sales in MM/LT. Looking to re-enter the industry. Will relocate to Texas. Hungry. email: cwilliams@triit.com

 

Full List at: http://65.209.205.32/LeasingNews/JobPostings.htm

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Matsco---No Confirmation/Denial from Shieman, But Rumors Continue

 

May 9^th, Friday, the Matsco Companies President Matt Shieman said he would send Leasing News a statement on changes at Matsco on Monday.

 

 

http://www.leasingnews.org/pictures_past/past_9-19-02.htm

 

“What I can say is that the rumor statement is far from being accurate

and that the financial performance of the Company this year has never been

better in its 20 year history.

“Hope all is well with you and I will send response on Monday.

“Matt”

 

The information does not pertain to the performance of Matsco or Greater Bay

Bank, but a major change and direction of the company; specifically, another

company that is cutting off lease brokers. It appears more companies are

relying on their in house sales staff, captive vendors, and niche market places.

At one time, the great majority welcomed “broker business,” but that

does not appear to be the growing trend today.

 

In the meantime, we continue to receive e-mails from many readers, such as:

 

“They are definitely out of the commercial and broker business and

they have let some people go. They took everyone off site last week and let

the survivors know about the changes.”

 

http://two.leasingnews.org/cartoons/TURNING-matsco.jpg

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Orix Financial Services Group President Frank Plank to Retire

 

 

http://two.leasingnews.org/imanges_uael_wael/Frank.jpg

ATLANTA - ORIX Financial Services (OFS) today announced Frank J. Plank, group president, Business Credit Group (BCG), plans to retire this month. Plank ' s distinguished career in the asset-based lending industry has spanned more than 30 years.

 

" Those who have had the pleasure of working with Frank know he is an astute businessman, infinitely knowledgeable about finance in the asset-based lending environment, " said Jay S. Holmes, chairman and CEO of ORIX Financial Services. " Frank has made invaluable contributions to ORIX during the past four years. He has established a solid foundation for BCG, upon which we will build. We will greatly miss Frank both personally and professionally. "

 

Plank joined ORIX Financial Services in March 1999 when BCG was formed. During the past four years, Plank has been a top performer at OFS who has helped increase the company ' s franchise value.

 

Throughout his career, Plank worked in many areas of commercial finance from operations to credit administration and marketing. Prior to joining OFS, Plank worked for Sanwa Business Credit Corp. in Chicago where he held several positions, including national sales manager, product manager and central regional manager. Before Sanwa, Plank held various management positions at Associates Commercial Corp. and Commercial Credit Business Loans in Cleveland, Detroit and Chicago.

 

ORIX Financial Services offers an array of financing products through four groups: the Business Credit Group, the Equipment Finance Group, the Public Finance Group and the Structured Finance Group. The Business Credit Group offers asset and cash flow based loans to companies that need funds for acquisitions, growth, working capital, capital expenditures, recapitalization and other unique situations. The Equipment Finance Group provides equipment financing to dealers, distributors, national manufacturers and end users in industries such as construction and transportation. The Public Finance Group offers equipment, real estate and project financing for state and local governments as well as for federal agencies. Lastly, the Structured Finance Group provides capital equipment financing, " turnkey " financing and other non-tax operating lease products for businesses serving the medium- to large-ticket market.

 

ORIX Financial Services is an indirect wholly owned operating subsidiary of ORIX Corporation, a leading diversified financial services organization with assets in excess of $49 billion. ORIX Corporation is based in Tokyo, Japan with operations in 23 global markets. ORIX is a publicly traded company listed on the Tokyo, Osaka, Nagoya and New York Stock Exchanges (Ticker: IX).

 

Deidre Richardson

ORIX Financial Services

770.970.6336

drichardson@orixfin.com

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PDS Gaming Turns First Quarter 2003 Around

 

 

LAS VEGAS----PDS Gaming Corporation (Nasdaq:PDSG), a company that finances, leases and sells gaming equipment for the casino industry and operates Rocky's Casino & Sports Bar in Reno, Nevada, reports its operating results for the first quarter ended March 31, 2003.

 

For the three months ended March 31, 2003, the Company reported net income of $260,000, or $0.07 per diluted share, compared with a net loss of $(1,873,000), or $(0.50) per diluted share, for the three months ended March 31, 2002. The prior year quarter included a loss from discontinued operations of $(1,392,000), or $(0.37) per diluted share. Revenues from continuing operations were $9.4 million in both the first quarter of 2003 and the first quarter of 2002. Finance income declined from $1.3 million in the 2002 quarter to $1.0 million in 2003 and operating lease rentals increased from $2.5 million in the 2002 quarter to $5.4 million in the 2003 quarter, reflecting a shift in the mixture of the Company's portfolio from notes and direct finance leases to operating leases.

 

Revenues from equipment sales and sales-type leases decreased by $3.1 million to $1.9 million for the first quarter of 2003, compared to $5.0 million for the year earlier quarter. The prior year quarter included revenue of $3.5 million from the conversion of two operating leases to sales-type leases. Fee income for the first quarter 2003 increased to $1 million compared to $.3 million in the year earlier quarter. The increase reflects a higher level of originations in the first quarter 2003, which produced fees. The Company completed $31.5 million in originations during the first quarter 2003, compared with $9.5 million in the first quarter 2002.

 

Selling, general and administrative expenses declined approximately 37%, or $581,000, in the first quarter 2003 as compared to the first quarter 2002. The decline in expenses reflects lower compensation costs due to a reduction in employees and due to increased capitalized initial direct costs related to significantly higher originations in the current year quarter.

 

 

 

Casino operations resulted in a pre-tax loss, before depreciation, of $148,000 in the first quarter 2003, compared to a pre-tax loss of $367,000 in the first quarter 2002. The loss in 2002 includes pre-opening costs of $238,000.

 

PDS Gaming Corporation provides customized finance and leasing solutions to the casino industry in the United States. The Company also operates Rocky's Casino & Sports Bar in Reno, Nevada. PDS Gaming Corporation is headquartered in Las Vegas, Nevada, and its common stock trades on The Nasdaq Stock Market under the symbol "PDSG".

 

 

 

For additional information, please contact:

Peter D. Cleary, President and Chief Operating Officer

of PDS Gaming Corporation, at (702) 736-0700

 

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-------Announcement-----------------------------------------------------------------

 

Lessors. com Annual Networking Conference

Which Funding Sources | Which Service Providers

August 25 & 26 | Atlanta, GA

 

Overview

 

Today's quickly evolving business environment requires you to have access to the right information all the time, to spot opportunities, track industry developments, and react quickly. The Annual Networking Conference perfects the art of networking hospitality, delivering a highly productive networking platform designed to enhance deal-flow and business networks.

 

Every Attendee Is Here To Do Business !

 

Every Attendee is invited to bring a supply of "Attendee Profiles" (profiling their company, products, services and including important contact information), printed on an 8.5 x 11 page with three holes punched in the left margin, for free distribution in the Networking Lounge. Conference Books (three ring binders) with the conference agenda and Attendees lists are distributed to every Attendee for the collection of Attendee Profiles. By the end of the day you could end up with a binder full of important resources enhancing your funding and service provider networks.

 

Funding Source Profile Demo

http://www.lessors.com/Events-2003/Annual/profile-fs.html

 

Service Provider Profile Demo

http://www.lessors.com/Events-2003/Annual/profile-sp.html

 

The Funding Source Showcase View Past Participants

http://www.lessors.com/Events-2003/Syndication/participants.html

 

Targets professionals responsible for their company's corporate and public finance origination, funding and distribution networks in the primary and secondary markets.

 

The Service Providers Showcase View Past Participants

http://www.lessors.com/Events-2003/archive-serviceproviders.html

 

Targets administrative executives responsible for their company's administrative, operational and technology related strategies.

 

Networking Golf

It's all about networking, and when you leave this event you'll know which funding and administrative resources can immediately enhance your networks.

[Headlines]

 

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Willis Lease Finance Reports Profitable First Quarter 2003

 

 

SAUSALITO, Calif.----Willis Lease Finance Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines, today reported a profitable start to 2003, generating net income of $842,000, or $0.09 per diluted share, compared to $966,000 or $0.11 per diluted share in the first quarter of 2002. The portfolio utilization rate at March 31, 2003 was steady at 85.8%, compared to 86.1% at December 31, 2002 and 81.2% at the end of the first quarter last year.

 

Current Market

 

"We have been able to remain profitable despite the challenging aviation industry environment, which remains unsettled. During the first quarter of 2003, we saw the beginning and the end of the war in Iraq, bankruptcy filings at Air Canada, Hawaiian Air and Avianca, and the rapid spreading of the SARS virus," said Charles F. Willis, President and CEO. "These events have aggravated the existing uncertainty in the marketplace and clearly, uncertainty is the worst enemy of our industry. Although the end of the war has relieved some of the indecision overhanging the market, the SARS epidemic seems to have more than offset any industry optimism associated with the end of the war. Most people agree air traffic should quickly rebound once the SARS crisis has passed, but it is still anyone's guess as to when that will be.

 

"At the beginning of the year, we felt that air traffic growth in Asia, and particularly China, would outperform other major markets during 2003, and that Asia would be one of the more attractive growth areas for aviation services such as engine leasing," said Willis. "Given the outbreak of SARS -- and until the health concerns for travelers are allayed -- the Asia markets are not likely to provide much opportunity in the short-term. Long-term, however, we still see strong opportunities in the Asia Pacific aviation market."

 

"The lease portfolio performed well during the first quarter of 2003," said Donald A. Nunemaker, Chief Operating Officer. "The month-end utilization rate has been close to 86% for each month since September 2002. Portfolio delinquency was well within acceptable limits. With respect to the airlines that have recently filed for bankruptcy protection, we have four engines leased to Avianca and one to Air Canada, representing 1.8% and 1.3%, of the net book value of the lease portfolio at March 31, 2003, respectively. We are hopeful that satisfactory agreements can be reached with both airlines for either the continuation of the leases or the return of the engines. It is premature to speculate what impact these bankruptcies will have on our future financial results."

 

results from Operations

 

Lease revenue in the first quarter of 2003 totaled $14.0 million, up 2.8% from the first quarter of 2002 and down slightly from the fourth quarter of last year. During the first quarter of 2003, four engines with a net book value of $606,000 were sold from the lease portfolio generating a gain on sale that totaled $38,000, compared to a gain of $735,000 on the sale of two engines in the same quarter last year.

 

Higher depreciation expense was offset by lower general and administrative expense and lower interest expense for the quarter ended March 31, 2003, compared to the first quarter last year. Depreciation expense increased $537,000, or 11.4%, for the quarter due mainly to accelerated depreciation on certain older engines types. General and administrative expense was down $305,000 or 8.3%, due mainly to lower staffing costs and legal expenses offset to some extent by higher consulting costs. Net interest and finance costs were down $261,000, or 5.9%, due to continuing favorable interest rates.

 

"During the first quarter of 2003, we reclassified one of our off-lease parts packages to inventory for sale and have begun to sell those parts into the secondary market," said Monica J. Burke, Chief Financial Officer. "Sales of such parts totaled $526,000 during the quarter, breaking even with the cost of goods sold. There was no similar activity for the quarter ending March 31, 2002. These assets are reflected on the March 31, 2003 balance sheet as inventory held for sale, totaling $6.9 million."

 

First quarter pretax income totaled $1.2 million, down 18.6% compared to $1.5 million in the first quarter of 2002. Net income was $842,000, down $124,000 or 12.8%, compared to $966,000 in the same quarter last year.

 

 

Balance Sheet & Liquidity

 

At March 31, 2003, WLFC had 116 commercial jet engines, 3 aircraft parts packages and 6 aircraft in its lease portfolio with a net book value of $490.3 million, compared to $487.5 million at March 31, 2002, when it consisted of 112 commercial jet engines, 4 aircraft parts packages and 6 aircraft.

 

During the quarter ended March 31, 2003, there were no engines added to the lease portfolio. Assets totaled $546.0 million at quarter-end, compared to $531.5 million a year ago. Shareholders' equity increased 3% to $106.2 million, or $12.02 per common share at March 31, 2003, compared to $103.1 million, or $11.68 per common share, a year earlier.

 

WLFC had credit facilities totaling approximately $391.0 million at both March 31, 2003, and 2002. At the end of the first quarter of 2003, approximately $25.7 million was available under these facilities. The company's funded debt to equity ratio was 3.44 to 1 at March 31, 2003, compared to 3.45 to 1 at the end of the first quarter last year. WLFC had $36.0 million of restricted and unrestricted cash and cash equivalents at March 31, 2003, compared to $33.2 million at March 31, 2002.

 

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. These leasing activities are integrated with the purchase and resale of used and refurbished commercial aircraft engines.

 

 

CONTACT:

 

Willis Lease Finance

Donald A. Nunemaker

Chief Operating Officer

415/331-5281

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