 |
Administration Manager
Five Point Capital, a well established and growth oriented commercial equipment financing company, is seeking an Administration Manager to lead its Funding and Documentation departments. Seeking those with 5+ years management experience and skilled at leading, mentoring and retaining employees. Small ticket funding experience a plus. Proven ability to maintain and enhance lessor/funder relationships.
Location: San Diego, CA. Send resume and salary history to: HR@FivePointCapital.com
|
|
Wednesday, November 16, 2005
Headlines---
Archives-2001--Jeff Wong Remembered
Classified Ads---Sales
FTC vs. IFC---another Wallop, Mr. Estok?
NorVergence News Update
Pacific Capital Joins "Funder" List
Leasing Conferences--spring, 2006
Classified Ads---Help Wanted
Cartoon---Money
Sales Makes it Happen
---"Time and Management
David G. Mayer "Business Leasing News
Willis Lease Finance to Delay 3Q Filing
News Briefs---
You May Have Missed---
Restaurant Review-Las Vegas, NV
Today's Top Event in History
This Day in American History
American Football Poem
######## surrounding the article denotes it is a "press release"
Archives-Nov 16, 2001--- "May He Rest in Peace"
Jeffrey Joseph Wong---"San Francisco Chronicle"
WONG, Jeffrey Joseph Wong -- Partner at Cooper, White & Cooper, a San Francisco Law Firm. Jeffrey passed away on November 16th at the age of 58, as a result of a massive heart attack.
He died in the arms of his beloved life partner, Lynne "Rocky" Randall at their home in Sausalito.
He is survived by his loving parents, Joe and Lily Wong, cherished sister Judy Wong, nephews Jeffrey, Kelly and David as well as Rocky and his six stepchildren Sean, Courtney, Julie, Jessica, Jennifer and Jackie.
He was a graduate of Princeton, class of '65 and UC Hastings College of Law. An avid golfer, he was a long time member of the Presidio and Olympic Golf Clubs. Jeffrey's amazing sense of humor, generosity of spirit and joie de vivre, made him a special favorite among the many clubs and organizations to which he belonged.
The Bohemian Club was central to his life and he was a talented and gifted comedian. He will be greatly missed by Bohemians, family and friends who enjoyed his great comic spirit and wit.
Jeff Wong Remembered by his colleagues
"We are at such a loss from not only a wonderful personal friend but a leader in leasing's legal community," said Equipment Leasing Association President Michael Fleming.
__
A few words on behalf of National Association of Equipment Lease Brokers
"Jeff Wong attended two NAELB annual conferences, entertaining during luncheons with his unique stand-up comedy and spending hours with our members talking about leasing and legal matters.
"Those of us who were privileged to know him will never forget him. He was a friend to NAELB and we had hoped he would become a fixture at our conferences. Our sympathies go out to his family."
Board of Directors
National Association of Equipment Leasing Brokers
--
"I saw Jeff last night at the Princeton/Cal game and he was very much his normal, joking, amazing self. He was one year ahead of me at Princeton and went to all the games. Tomorrow would have been one of his great tailgates.
"I think it was after 9pm, I saw him and he was in great form. There is no question he lit up our lives like no one else, and we're all lucky and thankful to know him. I am just shocked to hear about this."
Krist
Krist Jake
krist@redcap.com
~~~
"I think most of us in this business knew Jeff and admired his knowledge, friendship and humor.
"It really is sad...and only 58."
Sincerely,
Deborah J. Monosson
BOSTON FINANCIAL & EQUITY CORPORATION
___
" What a loss!!!
"I remember Jeff for many years.... About 30 years ago when Jim Swander and I were starting RS Leasing (Now RSN Leasing) Jeff was always a willing legal advisor and most of the time "Pro Bono"
"I have on my wall a 14 X 17 framed picture of Jeff and I and two other chaps posing by a golf cart when he graciously supported one of the charity golf tournaments I organized when I was at Atlantic Financial...
"He was always a very giving and caring person...
"His one liners were legend.... I can hear them laughing and groaning in Heaven now...
"Yes, I'm sure he squeaked in....
"Love him and will miss him! "
Duane Russell
DuaneRuss@aol.com
~~~~
"We have lost one of the Great Ones. Jeff's knowledge of leasing and superb legal skills were exceeded only by his consistent good humor and sincerity. The moments of our lives are enriched by the truly good people we chance to meet. Jeff made many of mine golden. I will miss him."
Barry Marks
Bsmblik@aol.com
We literally have over a hundred or more e-mails, received over the several days of the news of the passing of Jeff Wong.
JEFFREY J. WONG MEMORIAL FUND
Established by
The Equipment Leasing and Finance Foundation
http://www.leasefoundation.org/Donors/jeffwongmem.htm
[headlines]
--------------------------------------------------------------
Classified Ads---Sales
Sales
Sales: Arizona/Southwest
Leasing and Financial Services Professional. Over 12 yrs+ experience in commercial municipal and federal leasing. Vendor programs and direct lessor, including technology and project finance.
email: leasingrel@yahoo.com
|
Sales: Bakersfield, CA.
I have an extensive sales and management background in equipment leasing. My work history exhibits my major strength in small ticket equipment leasing.
Email: pangress@msn.com |
Sales: Bay Area, CA
Over 20 years covering the middle market with long history of exceeding quota. Industries include manufacturing, technology, printing & medical. Direct funding source only.
Brunski3@yahoo.com
|
Sales: Boston, MA.
Middle market originator, construction/Trucks /
Trailers w/ 8 years in territory, looking for company / bank with competitive products
Email: mrichlease@comcast.net |
 |
Sales: Cedar Rapids, IA.
Formally trained in Credit, Collections, & Sales with regional bank. Seeking sales or sales management.
Over ten years |
in SM, vendor and end user.
Email: mjrprime@yahoo.com |
Sales: Central, NC.
7 yrs.equip leasing &finance; specialist in heavy construction equip for 2-top-5-specialty finance/lease companies, NC &VA territories. $10-15MM annual funding. Downsized in 2002, now independent broker with varied customer base. Email: sunriseleasing@aol.com |
Sales: Denver CO.
Experienced Equipment Leasing Broker looking for a in house leasing company. Can bring a book of business with me or develop new territory where needed.
Email: Steven@eagle2.net |
Sales: Detroit MI
Motivated self-starter w/5 yrs sales exp. IT leasing. Excellent communicator w/strong negotiation/biz dev. skills. Six-sigma certified w/ Fortune 50 company/book of business.
Email: playmakers1@sbcglobal.net |
Sales: East Central Florida
20+ years experience in all areas of leasing; sales, credit, operations, syndication. Currently independent seeking position with direct middle market lender in regional capacity
email: southernleasing@bellsouth.net |
Sales: Fresno CA.
Account Exec/Manager. 7+ years Leasing Sales: underwriting/contract, complex transactions, hi-tech, government, direct & vendor leasing. Captive & syndicator environments. Expert deal closer. Will send resume.
Email: dsp559@pacbell.net
Resume |
 |
Sales: Grand Rapids, MI.
17 years sales/ sales management in Britain specializing in operating leasing/ Asset Management within middle ticket market. Credit/ |
documentation skills. Previous sales experience in Michigan.
email: pauldear1@comcast.net
Resume |
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: Kansas City, MO.
20 years Senior Sales/Management experience in small ticket/government leasing. Program Management experience, managing 12
Reps. Credit Auth to $50K. Success in soliciting and maintaining accounts.
Email: dhundley1@kc.rr.com |
Sales: Los Angeles CA.
5 years experience structuring off-balance sheet finance solutions on computer and medical equipment. Perform detailed competitive analysis and market research. I uncover leads and sell.
email: barretthawk@hotmail.com |
Sales: Louisville, KY
Sales: 20 yr. "go getter" machine tools/const. leasing/finance pro, establishing. vendor/mfg. programs in KY,TN,OH,IN, will travel 3/5 state area, wants stable company + salary/ com./benefits.
Email: jim_jrd@msn.com
Resume | Cover letter |
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: 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.
334-281-5200
E-mail: billmcneal2003@yahoo.com |
Sales: Nashua, NH.
10+ years sales experience small & mid-ticket hi-tech & telecom in a captive and vendor environment. Seeking new sales opportunity in New England.
E-mail: RPepa@aol.com |
| Sales: Philadelphia , PA Seeking an open opportunity to advance in the automotive, commercial leasing & finance industry......... Email: alexe362002@yahoo.com |
S ales : Philadelphia, PA
25 years in Healthcare and seeking an opportunity to represent a lender for dental/medical funding in the Northeast to
Mid-Atlantic states.
email: mitutz@msn.com |
Sales: Portland, OR.
"Exp. In direct sales and sales mgmt.
I love Portland, but decent here jobs are few. Willing to be re-located, would like to work for you.
Email: pthygeson@netscape.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: 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, manufacturing.
Email: edm173@sbcglobal.net |
Sales: San Francisco Bay Area, CA
Rainmaker / Hunter: Currently employed Vendor Program Originator. Proficient with technology to yellow iron assets and complex program development. Extensive national Rolodex.
Email: VdrPgmBizDev@aol.com |
Sales: SF Bay Area, CA.
15+ yrs--mid mkt. $500M to $10.0MM. Seeking role w/ captive or global leasing firm. large book to bring with me! Debt, tax, 1st amendment, etc. Email: lac4002@yahoo.com |
Sales: Southern California
Equipment Financing Professional with strong background in Sales, Management, Marketing & Operations. Will consider relocation for Senior Sales or Management position offering dynamic growth opportunity.
Email: natsif@hotmail.com |
Sales: South Central U.S.
TX, OK, KS & AR Territory.
Equipment finance and leasing professional, 20 years experience. Top producer in middle to upper middle markets. Extensive customer base.
Email: usleasingrep@yahoo.com |
|
For a full listing of all "job wanted" ads, please go to:
http://216.66.242.252/AL/LeasingNews/JobPostings.htm
To place a free "job wanted" ad, please go to:
http://216.66.242.252/AL/LeasingNews/PostingForm.asp
[headlines]
--------------------------------------------------------------
FTC vs. IFC---another Wallop, Mr. Estok?
by Christopher Menkin
The newsworthy event reported by Leasing News and others last Friday regarding the Federal Trade Commission investigation of IFC Credit Corporation, Morton, Illinois, basically was the next legal action in obtaining information requested regarding NorVergence leases; judicial enforcement.
According to senior FTC attorney Randall H. Brook, the case was filed out of the main office in Washington, DC. He was not informed it was actually filed until this week, Friday being a holiday, and electricity off in parts of Seattle, Washington, where he is located.
Randall H. Brook
He did sign it and communicate with his main office on the action, which he considered quite serious as "we have gone public that we have been investigating IFC Credit for over a year."
He says they have accumulated enough evidence, including witnesses, to result in major action against this leasing company.
He stated it should give a "warning" to others that they too are being investigated, and while many think "stonewalling" will work, the FTC has filed several serious briefs with authorization to treat all NorVergence lessees as "consumers" who were deceived by various leasing companies.
Randall H. Brook said he had read Leasing News latest editorial, and although he was a cat lover, he could make no comment, but did conclude:
"I can say I agree with the opinion about the value of the internet to attorneys... speaking up for their behalf, not feeling they are alone, or having to re-invent or discover rulings and facts, ( and ability to pool resources) has certainly changed the playing field."
Leasing News third editorial on the subject:
http://www.leasingnews.org/Conscious-Top%20Stories/Cat_is_going.htm
Leasing News attempted to reach both IFC President/CEO Rudy Trebels and John Estok, Executive Vice President, who we were told was more directly handling "the matter." No calls were returned. It should be noted the last time we talked with Mr. Estok he wanted the Leasing News Advisory Board to fire this writer for what he wrote about IFC Credit losing its claim to the Bankruptcy Court to the Federal Trade Commission.
http://www.leasingnews.org/Conscious-Top%20Stories/Novergence_121.htm
In the IFC Credit situation, they reportedly have leases with "A" and "B" credits with a 25% return (not counting residuals or any extra fees, such as insurance, usurious late charges, or deceptive practices in the collection of payments.)
The key revelation, according to Brook, is the FTC declaration is his assignment "...to the FTC's Non-Public Investigation of the Acts and Practices of Unnamed Persons or Entities in Connection with the Offering, sale, or Financing of Telecommunication Services and Products by NorVergence, Inc."
This indicates other leasing companies also are under serous investigation. He was not able to divulge any names until actual filing has taken place.
The situation with the recent filing concerns the alleged non-response by IFC Credit and their attorneys to information requested. In the document, it is noted, "In a letter dated October 8, 2004, IFC's attorney Vince Borst indicated that IFCE would produce additional responsive material after completing a privilege review.
"6. In November 2004, the Commission initiated an action against NorVergence in federal district court, alleging that the company had defrauded consumers through false and misleading claims that it would provide them with substantial on long-term savings on telecommunication services, in violation of Section 5 of the FTC Act. As detailed in the complaint, NorVergence claimed that part of the savings would be generated by a "Matrix" black box that it would install on customers' premises; but in reality the black boxes were nothing more than standard telephone routes, which NorVergence rented to customers for inflated prices. The complaint also alleged that NorVergence unlawfully provided others with the means an instrumentalities for the commission of deceptive and unfair acts or practices by furnishing third-party finance companies with rental agreements from consumers that allowed the finance companies: (a) to misrepresent that consumers owe money on the rental agreements regardless of whether NorVergence provided the promised telecommunication services, and(b) file collection suits against consumers in distant forums, which made it difficult for customers to dispute the monthly rental fees. This action ultimately ended in default judgment against NorVergence in July, 2005.
". On February 22, 2005, I wrote to Mr. Borst, asking for information on the status of IFC's production of documents in response to the Commission's September 2, 2004 letter. I also identified several additional categories of information that the Commission required from IFC in connection with its investigation. I received no reply to this letter."
On March 22, 2005, the FTC "...issued a Resolution Directing the Use of Compulsory Process in Non-Public Investigation of the Acts and Practices of Unnamed persons or Entitles in Connection with the Offering, Sale, or Financing of Telecommunication Services and Products by NorVergence."
June 28, 2005 Mr. Borst was informed by telephone and letter the FTC had never received the documents in question.
August 8, 2005, the FTC issued information directly from IFC President and CEO, Rudolph D. Trebels.
September 19, 2005, "...my office sent a letter to Mr. Borst notifying him that if IFC failed to respond to the CID by the end of the week, we would forward the matter to the FTC's Office of the General Counsel with a recommendation that it seek judicial enforcement."
Here are copies of the basis for the judicial enforcement of information
from IFC Credit:
http://leasingnews.org/PDF/IFC_affidavit.pdf
http://leasingnews.org/PDF/IFC_CID_enforcementFiling.pdf
[headlines]
--------------------------------------------------------------
NorVergence News Update - November 15, 2005
Sigmund Fleck, a senior partner at Weir & Partners gave the following recorded interview on 11/9/5 to update subscribers as to the progress of many of the Norvergence litigation fronts.
To listen to the interview turn up the speakers on your computer and click on the right-arrow button below or click here:
http://playaudiomessage.com/play.asp?m=237120&f=CBVIFZ&ps=14&c=FFFFFF&pm=1&h=29
Following are rough time stamps to the interview so you can fast forward to specific topics.
00:00 Bankruptcy judge still silent
02:40 IFC - Judge invalidates "floating forum" clause
10:00 Sterling Bank - Judge denies Sterling's summary judgment motion
17:30 CCL/PECC Update
25:15 Popular Leasing Update
29:40 Adverse Ruling in Ohio 9th Circuit Appeals Court - ILC/Pref. Cap.
To download & view the court papers referred to in the recording, click on one of the links below.
Order holding that forum selec. clause violates Illinois public policy
http://www.tafiles.com/norvergencenews/ifc_051109a.pdf
Order holding that forum selec. clause is unenforceable under Illinois law (IFC case)
http://www.tafiles.com/norvergencenews/ifc_051109b.pdf
Order dismissing IFC case on Res Judicata because of FTC default judgment
http://www.tafiles.com/norvergencenews/ifc_051109c.pdf
Sterling v. Kings Manor (Civil Ct., NY, Judge Lebedeff)
http://www.tafiles.com/norvergencenews/ifc_051109c.pdf
Ohio Appellate Court upholds floating forum selection clause
http://www.tafiles.com/norvergencenews/ohio_051109.pdf
On Line Version"
http://danbaldwin.bm23.com/x/preview.php?id=90192_bba2f432_16479421_316cf9f2
Dan Baldwin, Editor
Norvergence News
31500 Grape Street #3-307
Lake Elsinore, CA 92532
951-245-6877 Tel
951-346-3585 Fax
[headlines]
--------------------------------------------------------------
Pacific Capital, Santa Barbara, California joins "Funder" list
Funder - Update
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen
Rank |
Name
In Business Since
Contact
Website
Leasing Association |
Employees |
Geo
Area |
Dollar
Amount |
Equipment Restrictions |
A |
B |
C |
D |
E |
7 |
|
25+ |
48 states (no VT or LA) |
|
N/A |
Y |
N |
Y |
N |
N |
To view the complete list, please click here.
To view full list, please go here:
http://www.leasingnews.org/Funders_Only/Funders.htm
[headlines]
--------------------------------------------------------------
Please note in your calendar the dates of the conferences for next year. As more information becomes available, Leasing News will be up-dating.
Leasing Association Conferences --- Spring 2006
Eastern Association of Equipment Lessors
March 26-29
Spring Conference
Hilton Marco Island Beach Resort
Marco Island, FL
www.eael.org
--------------------------------------------------------------------
National Association of Equipment Leasing Brokers
April 20-22
2006 Annual Conference
Hilton Minneapolis
Minneapolis, MN
www.naelb.org
------------------------------------------------------------------------------
Equipment Leasing Association
April 23-25
Large Ticket Conference
Hyatt Regency Grand Cypress
Orlando, FL
www.elaonline.com
---------------------------------------------------------------------------
Association for Governmental Leasing & Finance
May 4-5
25th Annual Spring Conference
Omni Hotel Chicago
Chicago, Illinois
Room Rate $199.00
www.aglf.org
-----------------------------------------------------------------------------
United Association of Equipment Leasing
May 4-7
Spring Conference
Laguna Cliffs Mariott
Hotel and Spa
Dana Point, California
www.uael.org
-----------------------------------------------------------------------------
National Vehicle Leasing Association
June 7-10
Annual Conference and Exposition
Gaylord Texan Resort & Convention Center
Grapvince, Texas
www.nvla.org
----------------------------------------------------------------------------
Equipment Leasing Association
September 15-17
45th Annual Convention
New Orleans Riverside Hilton
New Orleans, LA
www.elaonline.org
[headlines]
--------------------------------------------------------------
Classified Ads---Help Wanted
|
Administration Manager
Five Point Capital, a well established and growth oriented commercial equipment financing company, is seeking an Administration Manager to lead its Funding and Documentation departments. Seeking those with 5+ years management experience and skilled at leading, mentoring and retaining employees. Small ticket funding experience a plus. Proven ability to maintain and enhance lessor/funder relationships.
Location: San Diego, CA. Send resume and salary history to: HR@FivePointCapital.com
|
|
Documentation Manager
|
Equipment Leasing
Documentation Manager
Walnut Creek, CA
Manage all aspects of the lease documentation unit. Requires a BA/BS; 7+ years of leasing and contract experience; Click here for detailed description & resume submission info.
|
|
These ads were designed by Maria-Martinez Wong. Let her construct and design your ad with the goal to keep your costs down.
maria@leasingnews.org
[headlines]
---------------------------------------------------------------
[headlines]
---------------------------------------------------------------
Sales Makes it Happen---"Time and Management"
(Readers who would like to see specific topics or subjects, the writer of this column is interested in your ideas and suggestions. Please write in the subject line:
Sales Makes it Happen and send e-mail to kitmenkin@leasingnews.org )
Sales Make it Happen
Time and Management
A major sales consulting firm estimates that most salespeople spend no more than six percent (6%) of their available working hours talking to prospects and customers in person or on the phone about whether the customer or prospect wants to grow their business or fix a problem in the business. Excluding telemarketers, where then do most salespeople spend their time?
Not surprisingly, effective time management is a challenge for many salespeople and sales managers. What is surprising is how much time and money is spent by sales organizations desperate to teach their sales teams how to spend their work time wisely and efficiently. Even a cursory look at the essential activities of salespeople reveals all you need to know about time management for the sales team.
For most salespeople, there are only six essential tasks for which they are responsible - prospecting, qualifying, facilitating orders, closing business, maintaining customer relationships, and reporting activities to management. With the exception of continuing education, a salesperson can plan his or her days, weeks, months and years around these essential activities. The trick is to exclude as many activities as possible that do not impact at least one of these essential tasks.
Because all companies need revenue, and salespeople are paid to close business, closing business is the number one priority for most salespeople. It seems obvious, then, that salespeople would not let anything stand in the way of closing current business with customers.
Whether a salesperson prospects as a "hunter," or is continually on the lookout for additional opportunities to do more business with existing customers, prospecting for business is the second most important activity for all salespeople.
Why? Without a constant flow of new prospects, or new prospective business from existing customers, a sales pipeline or funnel quickly runs dry.
Once prospects are identified, salespeople must qualify the prospects as a fit for the products or services offered. There are few things in a salesperson's working life that are worse than spending gobs of time with prospects who cannot or will not do profitable business with the salesperson's company.
As business from a number of prospects and customers begins to move through the salesperson's pipeline, time must be spent facilitating activities that cause that business to move toward closing. It's here that salespeople waste most of their time. Whether the salesperson is at fault, or whether operational inefficiencies make it necessary for salespeople to baby-sit order processing, this activity robs many salespeople of precious selling time.
Salespeople must spend some time cultivating and growing their relationships with customers. This essential activity can take many forms, from regular visits to the customer's place of business, researching solutions to customer challenges, to arranging entertainment events like business lunches and dinners, sporting events and so on.
Finally, as bitter a pill as it is for salespeople to swallow, some time must be spent reporting activities and the results of activities to sales management. After all, if sales managers did not receive reports from their team, what on earth would they do with their time? But seriously, management should always require reports from the sales team, not for the purposes of micromanagement, but for the value of the intelligence to be gained from feedback reported by the sales team.
Keeping the main activities of sales in mind - prospecting, qualifying, facilitating orders, closing business, maintaining customer relationships, and reporting activities to management - should help salespeople and managers prioritize and allocate selling time. Does anyone really need a time management class to tell them to do essential selling activities and stop doing everything else during selling hours?
Next week we will examine time traps that rob salespeople of precious selling time, and we'll explore some ways to avoid them.
--- from the desk of a retired, successful leasing company president.
|
[headlines]
---------------------------------------------------------------
David G. Mayer "Business Leasing News-November, 2005
David G. Mayer, Partner
Patton Boggs LLP
Dallas, Texas
1. Patton Boggs Presents Second Briefing on Hottest Topics in Business Aviation
2. Hurricane Relief Expands Opportunities for Federal Contractor Team Arrangements
3. Teterboro Crash Revisited: FAA Sends Strong Warning to Business Aircraft Operators
4. Leasing 101: What is a "Surety?"
5. Case & Comment: United Wins True Lease Fight in United Airlines, Inc. v. HSBC Bank USA
6. About Patton Boggs LLP; Recent Mayer Publications
7. "Simplicity" - A Message From the Founder, David G. Mayer
http://www.pattonboggs.com/newsletters/bln/Release/bln_2005_11.htm
[headlines]
### Press Release ###########################
Willis Lease Finance to Delay Third Quarter 10-Q Filing
SAUSALITO, Calif.------Willis Lease Finance Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines, today announced it is not yet ready to file its Form 10-Q for the quarter ended September 30, 2005, which is due today. As previously announced, the company will restate its financial statements for 2004 and the first and second quarters of 2005. Until the restatements are completed, the company will not be in a position to finalize its financial statements for the third quarter of 2005.
On October 24, the company disclosed that it would restate its financial statements for 2002, 2003, 2004 and 2005 to conform to the accounting requirements of SFAS 133, "Accounting for Derivative Instruments and Hedging Activities." The restatement does not impact the Company's previously reported total assets, total liabilities, total shareholders' equity or total cash flows. The economics of the interest rate derivative contracts are not affected.
The Company expects to file an amended Annual Report on Form 10-K for the year ended December 31, 2004, and amended Quarterly Reports on Form 10-Q for the quarters ended March 31, 2005, and June 30, 2005, with the SEC that will include the restated financial statements and related disclosures and file the Quarterly Report on Form 10-Q for the period ended September 30, 2005 by the extended due date, November 21, 2005.
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 commercial aircraft engines.
Willis Lease Finance Corporation Monica J. Burke, 415-331-5281
[headlines]
### Press Release ###########################
---------------------------------------------------------------
News Briefs----
Home prices show sharp increases, led by Phoenix and Orlando
http://www.signonsandiego.com/news/business/20051115-1329-homeprices.html
Oracle gets regulator OK on Siebel deal
http://news.yahoo.com/s/nm/20051116/bs_nm/oracle_dc;_ylt=Akh63m.Xk7X7IbtDnty2b
dOyBhIF;_ylu=X3oDMTA5aHJvMDdwBHNlYwN5bmNhdA--
Prepay speeds expected to fall going forward
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/2.htm
SAN FRANCISCO
Music from Stones' show heard across city
'Bigger Bang' tour proves true to its name as noise complaints roll into City Hall
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/11/15/BAG8QFOARD1.DTL
http://blogs.mercurynews.com/aei/2005/11/spotted_at_the_.html#more
[headlines]
---------------------------------------------------------------
You May Have Missed
India luring Westerners with low-cost surgeries
http://www.dallasnews.com/sharedcontent/dws/bus/stories/
111605dnbusmedtours.112ac4ae.html
[headlines]
----------------------------------------------------------------
Leasing News invites your recommendations, for our page in development for leasing industry travelers:
http://two.leasingnews.org/Recommendations/rstrnt.htm
Restaurant Review
Picasso, Las Vegas, Nevada
Picasso's is located in the
Bellagio Hotel
3600 Las Vegas Boulevard, South
Ph:702-693-8150
fax: 702-693-8500
Depending on your connect, video and 360 degree tour available here
http://bellagio.com/pages/din_picasso.asp
Reservation Recommended. Jacket and Tie Required.
If you are staying at the hotel, perhaps the finest on the strip ( insist a lake view room, if even "smoking" ), the concierge may get you in, if they are full. $52 million in Picasso paintings/ceramics, wonderful French food, excellent service, fine wine list---"The Good Life".
If Keith Goldston, sommelier is available, he is extremely knowledgeable and helpful. We have always seen celebrities and Las Vegas guest stars eating here (James Garner, Sir Sean Connery, to name a few.) Be aware, it is expensive, but worth every penny. We have had dinner for two, one for six where our good friend had just won $30,000 at blackjack (he insisted on paying,) and a 12 person birthday party here, where we closed the restaurant down, after Sue ordered a bottle of 1955 Warre's Port. What a night to remember!
http://www.johnpartridgeart.com/iris/98-025.html
[headlines]
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Today's Top Event in History
1969-News reports charged a U.S. infantry unit with massacre at My Lai 4, a village in the Song my district in South Vietnam , on March 16, 1968. More than 450 villagers including many women and babies were said to have been slain. Pending an investigation, Lt. William L. Calley, Jr. in charge of the U.S. unit at the time, was kept on active duty beyond his official tour. He later would receive several months in jail in one of the many military cover-ups about the war in Viet Nam.
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This Day in American Histor
1620- Fifteen pilgrims lead by Captain Myles Standish, William Bradford, Stephen Hopkins and Edward Tiley discovered corn on the future site of Provincetown, MA. They named the place "Corn Hill." This vegetable would become a staple for the settlers. The Indians also taught them how to make pop corn, a very popular item even way back then.
1747- Knowles Riot in Boston; hundreds of sailors, laborers & free blacks rise up against British Navy Press Gangs, temporarily forcing an end to impressments in the Royal Navy. Many believe this gave rise to the American Revolution, although there were several such acts of rebellion, none as dramatic as this as it was a "mob act," mostly poor whites and black, and not planned such as the Boston Tea Party.
http://www.kellscraft.com/bostonillustrated/bostonillustrated01a.html
http://63.147.65.175/books/chap186.htm
http://www.psupress.org/Justataste/samplechapters/justatastePencak.html
http://www.eco.utexas.edu/facstaff/Cleaver/HydraArticletable.pdf
1776- Fort Washington on Manhattan Island fell to the British, who took about 2,000 prisoners. Colonial troops were on retreat and the war looked bleak as the weather.
1776- The first salute to a U.S. Flag (Grand Union Ensign also known as the Continental Union flag) was a volley of 11 guns fired by Fort Orange on St. Eustatius, Dutch West Indies, Leeward Islands today, in 1776. The salute was in response to a volley fired from the "Andrea Doria" commanded by Isaih Robinson. It was saluted by Johannes de Graeff, governor of the colony. The brig was captained by Nicholas Biddle, who had been sent to St. Eustatius to transport arms and ammunition for the American Leasing Army. This was an important event as St. Eustatius was a very important trading center and a supply base for the colonies.
1777- The second Continental Congress adopted the Articles of Confederation and Perpetual Union. Submitted to the states for ratification two days later. March 1, 1781 they were adopted. Although ultimately supplanted by the United States Constitution, the Articles of Confederation provided stability during the Revolutionary War years and attempted to define "states rights" and "federal authority."
http://memory.loc.gov/ammem/today/nov15.html
1864-General William T. Sherman march to the sea with 62,000 men began. Leaving Atlanta, GA., in flames, it was thought the fires were started by Sherman's troops, but historians state most of the major fires were started by Confederates fleeing the city, not wanting to supply the Union troops with food and supplies. Sherman was to seep across a 60-mile front with little serious opposition, his army destroying everything useful to the Confederates, who were doing the same to his army. The South was cut in two. General William J. Hardee and his remaining Confederate forces evacuated Savannah, GA. on December 21. Sherman occupied the city that day.
1873- Birthday of William Christopher (W.C.) Handy, American composer, bandleader, "Father of the Blues," W.C. Handy was born at Florence, AL. He died at New York, NY, Mar 28,1958. If you can't have but one jazz CD in your collection, let me recommend Louis Armstrong Plays W.C.Handy.
http://www.amazon.com/exec/obidos/tg/stores/detail/-/music/B000002ADP/reviews/
107-7460879-4591723
http://www2.una.edu/library/handy/
1889- The Oahu Railway and Land Company (OR&L) began operating on Hawaii's third largest island. The brainchild of Massachusetts native Benjamin Franklin Dillingham, the railroad made it possible to move agricultural products from inland to port, stimulating the local economy and providing a valuable transportation route for decades.
(Lower portion of: http://memory.loc.gov/ammem/today/nov16.html )
1892-the University of Chicago won its first football victory. The preceding October 22, they played to a 0-0 tie with Northwestern in its first ever football game and this was their first win for Coach Amos Alonzo Stagg 10-4 against Illinois at Chicago. A founding member of the Big 10, Chicago eliminated its football program for many years, but now competes against the likes of New York University, Emory and Washington University at St. Louis. This Saturday it is the traditional rival game as football fans will switch from channel to channel in perhaps the most heated college game of the year.
1899-Birthday of Mary Margaret McBride, who from 1934 to 1954 conducted a radio show of astonishing and human interest facts and in 1940 was voted the most popular woman in radio. She was one of the first big radio stars who tried to move to the new media of television where she was declared a big flop. It was the same night Milton Berle became the permanent host of "Texaco Star Theatre," and NBC showcased McBride in the timeslot right after Berle. Early TV's biggest success was a performer who'd never done well on radio--Milton Berle, a vaudevillian. His popularity on TV showed the uncertainty of predicting how radio stars would likely fare on television. "We all knew one thing that wouldn't work," recalled George Burns, also a vaudevillian, about moving from radio to TV: "standing in front of a microphone and reading from a script. Unfortunately, that's what we were best at." She died in 1976.
http://web.cnjnet.com/~mweinber/Mcbride.html
1907- Oklahoma became the 46 th state. The word, Oklahoma, is a combination of two Choctaw words meaning red people. Then, why Sooner? Many, many Oklahoma homesteaders thought sooner was better than later, better to stake their homesteads first, before it was legal to do so.
http://memory.loc.gov/ammem/today/nov16.html
1914- The Federal Reserve banks were formally opened. The Federal Reserve Act, approved on December 23, 19113, was an " act to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency...to establish a more effective supervision of banking in the United States. " The 12 regional district banks were under the supervision of a seven-member Board of Governors.
1918- In NY City, the United Lutheran Church was organized by a merger of three general Lutheran bodies in the U.S. and Canada. (In 1962, the ULC became one of the branches of Lutheranism which formed the Lutheran Church in America.)
1920- The postage meter was officially set at Stamford, CT, by the Pitney-Bowes Postage Meter Company. Although the idea of metered mail originated in 1900, when the American Postage Meter Company was organized in Chicago, it was not until September 1, 1920, that the Post Office Department approved it. About $2 million was spent on research and development of the machine. Today they have a near monopoly on this device. You cannot purchase the meter, you must "rent" it.
1931 -- Singer Bob Gibson birthday, born New York City died September 27, 1996, Portland, Oregon
http://www.mp3.com/Bob-Gibson/artists/1656/biography.html
http://www.musicweb.uk.net/encyclopaedia/g/G33.HTM
http://www.provide.net/~cfh/gibson.html
1937- Bob Crosby records " South Rampart St. Parade," LA, Decca 15038
1945, Woody Herman waxes "Wildroot," Columbia 36949.
1940, Cornell University played Dartmouth College in football and came away with a victory. But the winning touchdown was cored on a fifth-down play, given to Cornell by referee's error. After the game, Cornell did the honorable thing, surrendering the triumph.
1947---Top Hits
I Wish I Didn't Love You So - Vaughn Monroe
Near You - The Francis Craig Orchestra (vocal: Bob Lamm)
You Do - Dinah Shore
I'll Hold You in My Heart (Till I Can Hold You in My Arms) - Eddy Arnold
1952- "Our Goodly Heritage" debuted over CBS television. This Sunday morning Bible study program, hosted by William Rush Baer of New York University, aired a little over five years.
1952- Birthday of Glenn Burke, baseball player born at Oakland, CA. Burke spent four seasons in the majors (1976-79) with the Los Angeles Dodges and the Oakland Athletics. He was the first former baseball player the cause of whose death was acknowledged as AIDS. Died at San Leandro, CA, May 30, 1995.
1952 -- John Clellon Holmes article, "This is the Beat Generation", appears in NY Times Magazine. His novel, Go, often call the first published "Beat" novel, which presented characters based on Kerouac, Ginsberg and Neal Cassady in 1952, five years before Kerouac would turn the same cast of characters into legends with ' On The Road .' also appears this fall. Also during this month, Jack Kerouac works as student brakeman for railroad in California & his Book of Dreams project is begun here in Los Gatos, Ca ( He and Cassady would die deaths related to alcoholism.)
http://www.txt.de/spress/beatland/homes_of/the_beat/margin/holmes/info.htm
http://www.litkicks.com/BeatPages/page.jsp?what=NealCassady
1955---Top Hits
Sixteen Tons - Tennessee Ernie Ford
Autumn Leaves - Roger Williams
Only You - The Platters
Love, Love, Love - Webb Pierce
1955- 'Tennessee' Ernie Ford drove to the top spot on the record charts on this day. Sixteen Tons, where he owed his "soul to the company store..." became the fastest-selling record in history, jumping to #1 in just 3 weeks. The tune, on Capitol Records, stayed at #1 for eight weeks.
1956-Elvis Presley's film debut, "Love Me Tender," opens in New York. Despite critical reaction, it takes in nearly $4 million in just two months.
1958 - Golfers enjoying an autumn day got a surprise when over six inches of snow fell on Tucson, Arizona.
1959 - The Rodgers and Hammerstein musical ``The Sound of Music'' opened on Broadway, originally staring Theodore Bikel and Mary Martin. The show played 1,443 performances (the second longest running musical at that time.) In 1965, it was released as a movie starring Julie Andrews and Christopher Plummer. It is based on an original true story from the book, first made into a German film, very popular in Europe. Maria von Trapp's book, The Story of the Trapp Family Singers was published in 1949 and shortly after Hollywood approached Maria with an offer to buy the book title. They wanted to buy the title but create their own story. Maria refused to sell the title without the whole story and produced the film herself in Germany.
http://www.trappfamily.com/history.html
http://www.prigsbee.com/Musicals/shows/soundofmusic.htm
http://www.amazon.com/exec/obidos/ASIN/B00000AG6Y/103-0205572-2897419
http://www.amazon.com/exec/obidos/ASIN/B00000AG6Y/103-0205572-2897419
1959 -- Beat author Jack Kerouac appears on the Steve Allen Show in Hollywood. After the show he has dinner with sex kitten Mamie Van Doren.
1959 - The most severe November cold wave in U.S. history was in progress. A weather observing station located 14 miles northeast of Lincoln MT reported a reading of 53 degrees below zero, which established an all-time record low temperature for the nation for the month of November. Their high that day was one degree above zero.
1959-- "Mr. Blue" by the Fleetwoods topped the charts and stayed there for a week.
1962- Wilt Chamberlain of NBA San Francisco Warriors scores 73 points vs. NY
1963---Top Hits
Deep Purple - Nino Tempo & April Stevens
Washington Square - The Village Stompers
I'm Leaving It Up to You - Dale & Grace
Love's Gonna Live Here - Buck Owens
1963- "Deep Purple" by Nino Tempo & April Stevens topped the charts and stayed there for a week.
1965--First public announcement about Walt Disney World.
1966 --Dr Sam Sheppard freed after 9 years in jail, by a jury. His story is the basis of several television series and movie, "The Fugitive."
1968-B.J. Thomas' "Hooked on a Feeling" is released.
1969-News reports charged a U.S. infantry unit with massacre at My Lai 4, a village in the Song my district in South Vietnam , on March 16, 1968. More than 450 villagers including many women and babies were said to have been slain. Pending an investigation, Lt. William L. Calley, Jr. in charge of the U.S. unit at the time, was kept on active duty beyond his official tour. He later would receive several months in jail in one of the many military cover-ups about the war in Viet Nam.
1971---Top Hits
Gypsys, Tramps & Thieves - Cher
Theme from Shaft - Isaac Hayes
Imagine - John Lennon Plastic Ono Band
Lead Me On - Conway Twitty & Loretta Lynn
1972- A coastal storm gave New England a lashing. Heavy, wet snow in parts of New Hampshire and Vermont downing power and utility lines while heavy rains in southern New England producing some flooding
1973- 30th manned US space flight launched with three astronauts, G.P. Carr, W.R. Page and E.G. -*Gibson who spent 84 days on the space station. Space walks totaled 22 hours. Returned to Earth on Feb 8, 1974.
1973-- President Nixon authorizes construction of the Alaskan pipeline.
1974- "Whatever Gets You Thru the Night" by John Lennon with the Plastic Ono Nuclear Band topped the charts and stayed there for a week.
1974 - NBC-TV began a two-night showing of the award-winning film, "The Godfather", starring Marlon Brando. The film was the highest price paid for a shown on television movie when NBC paid Paramount Pictures $10 million to show it.
1974-John Lennon enjoys his first Number One hit with "Whatever Gets You thru the Night." Helping out on piano and vocals is Elton John.
1974-Stevie Wonder's "Boogie on Reggae Woman" is released.
1975 - Chicago Bear Walter Payton rushed for 105 yards in a game against the San Francisco 49ers, for his first game of 100 plus yards. He would reach this feat over 50 times throughout his career, adding two 200-yard games, as well.
1977-The Canadian trio Rush receive three gold records for "2112," "All the World's a Stage" and "A Farewell to Kings." The group, which started out as a Led Zeppelin-inspired power trio, opted for a more experimental progressive direction on those LPs and found itself a sizable audience.
1979---Top Hits
Heartache Tonight - Eagles
Dim All the Lights - Donna Summer
Still - Commodores
You Decorated My Life - Kenny Rogers
1983- Oriole Cal Ripken is named the American League's MVP becoming the first player to win the Rookie of the Year and Most Valuable Player Award in consecutive years.
1984- Dr. Anna L. Fisher was the first astronaut who was a mother. She was a member of the crew of Space Shuttle "Discovery" mission that lifted off Cape Canaveral, FL. She participated in the world's first satellite retrieval and repair operation.
1985- "We Built This City" by Starship topped the charts and stayed there for 2 weeks.
1987---Top Hits
I Think We're Alone Now - Tiffany
Mony Mony "Live" - Billy Idol
(I've Had) The Time of My Life - Bill Medley & Jennifer Warnes
Maybe Your Baby's Got the Blues - The Judds
1987 - High winds and heavy snow created blizzard conditions across parts of eastern Colorado. Wind gusts reached 68 mph at Pueblo, and snowfall totals ranged up to 37 inches at Echo Lake. In Wyoming, the temperature dipped to 14 degrees below zero at Laramie. Strong thunderstorms in Louisiana drenched Alexandria with 16.65 inches of rain in thirty hours, with an unofficial total of 21.21 inches north of Olla. Flash flooding in Louisiana caused five to six million dollars damage.
1989 - Severe thunderstorms produced 22 tornadoes from Virginia to New York. Winds gusted to 80 mph caused a wall at the Coldenham School in Newburgh, NY to collapse, killing 9 children Snow and gusty winds invaded the north central U.S. Winds gusting to 40 mph produced wind chill readings as cold as 25 degrees below zero, and blizzard conditions were reported in Nebraska during the late morning hours. High winds around a powerful low pressure system produced squalls in the Great Lakes Region. Winds gusted to 63 mph at Whitefish Point MI, and snowfall totals in Michigan ranged up to 19 inches at Hart, north of Muskegon
1992- For the first time since 1563, the Roman Catholic Church issued a new universal catechism, which addressed modern-day issues.
1994- Bernette Johnson was sworn in as the first black woman ever elected to the Louisiana Supreme Court.
1994---Top Hits
I ll Make Love To You- Boyz II Men
Here Comes The Hotstepper (From "Ready To Wear")- Ini Kamoze
All I Wanna Do- Sheryl Crow
Another Night- Real McCoy
1996- "Head Over Feet" by Alanis Morissette topped the charts and stayed there for 4 weeks.
1999---Top Hits
Smooth- Santana Featuring Rob Thomas
Back At One- Brian McKnight
Mambo No. 5 (A Little Bit Of...)- Lou Bega
I Need To Know- Marc Anthony
2001 -Yankee right hander Roger Clemens (20-3, 3.51 ERA) wins the Cy Young Award for an unprecedented sixth time (Red Sox -1986, '87, '91 and Blue Jays -1997, '98). The 'Rocket' becomes the first Pinstripper to win the award since 1978 when Ron Guidry copped the honor.
2003---Top Hits
Baby Boy- Beyonce Featuring Sean Paul
Stand Up- Ludacris Featuring Shawnna
Holidae In- Chingy Featuring Ludacris & Snoop Dogg
Damn!- YoungBloodZ Featuring Lil Jon
[headlines]
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American Football Poem
Nick Ferguson: The Poet Has Found a Home
By Doug Collins
DenverBroncos.com
The poet has found himself
And now finally knows peace
For where once the soul of a traveler lived
There exists a spirit at ease
One mile above the ocean
In the land where the Broncos roam
The poet can finally rest
For, at last, he has found a home.
http://www.denverbroncos.com/page.php?id=334&storyID=3367
[headlines]
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