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Headlines---
Classified
Ads---Outsourcing: Back Office
by
Loni Lowder
Equipment
Leasing Foundation Industry Report
(full
report & charts available for download)
Enterprise
Funding Group New Additions/Promotions
Experian
Helps Leasing Marketing via Public Extract
World
Star Aviation Opens in San Francisco
CAP
Ventures: Legal Industry Doc Outsourcing
Auto
lease growth leveled off---ABSnet
Lease-Purchase
OOIDA Survival Calculator
(Menkin also answers those who requested to
be removed
from
the mailing list due to his comments about Christopher
Columbus
in yesterday’s American History.)
This
Border ##### Denotes Press Release (Not Written By Leasing News)
------------------------------------------------------------------------------------------
Please send
to a colleague as we are trying to build our readership.
Two Version: Free
( text format) $59.95 yr ( html/website)
Free 30 Day Trial
http://www.leasingnews.org/contact_us_news.htm
This
text edition is also available in an "up-grade" format, html,
where you may
click
on the headlines to go to the story, plus is also in this "new"
format
posted
daily on our website--- http://www.leasingnews.org/contact_us_news.htm
---------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
Economic
Events This Week
October
14
Tuesday
Equipment Leasing Association
Conference San Diego
(report later this week from Paul Menzel, CLP)
October
15
Wednesday
Retail
Sales: September.
Beige
Book
Final
Taxes Due for Calendar year
(this
is it!)
October
16
Thursday
Consumer
Price Index: September
Inventory-Sales
Ratio: August
Industrial
Production: September
Capacity
Utilization: September
Weekly
Jobless Claims
October
17
Friday
Housing
Construction: August.
-------------------------------------------------------------------------------------------------
Classified
Ads---Outsourcing: Back Office
Recently
we deleted almost 40 "free ads" regarding off-lease equipment. This
section
was originally designed to help those who service the leasing industry
obtain
a free ad.
The
purpose was to help our readers, those seeking and those looking for
such
services. It was getting out
of hand with all the off-lease equipment
advertisers. We asked them if they wanted to pay for the
ad, and you know
where
they told us to go, so that is where they have all went, too.
Here is a sample of Out Sourcing Ads
Back
office: Atlanta , GA. GlobalTech Portfolio Services provides world
class lease, loan administration and asset management for equipment
and vehicles. Current portfolios $1 billion. Contact Alan Zeppenfeld
678-816-2216 email:azeppenfeld@globaltechfinancial.com
Back
office: Indianapolis, IN
Back
Office: Atlanta, GA. Let Tax Partners handle your sales and use
tax compliance duties w/less risk and cost than in-house. Largest tax
compliance firm in U.S. email:sales@taxpartners.com
Back
office: Dallas, TX.
Property
Tax and sales and use tad administration services performance is guaranteed
and we will save you time and money or our service is free.
email:
info@osgsolutions.com
Back
Office: Northbrook, IL
Our
staff of CPA's and lease professionals can handle any or all portfolio
responsibilities incl. portfolio mgmt, invoicing, sales/property/income
tax, accounting, etc. Email:ngeary@edwinsigel.com
Back
Office: San Rafael, CA
We
can run your back office from origination to final payoff. 30 years
experience in commercial equipment lease and loan portfolio management.
Email:gmartinez@phxa.com
Tired
of paying and training a documentation person? Cut your expense and
try outsourcing. Ideal for any part of the USA Call for information
503-492- 3183. Email:Trina.Drury@verizon.net
46 ads are at: http://64.125.68.90/LeasingNews/JobPostingsOutsourcing.htm
Outsourcing---This is not for funding sources,
lessors, brokers, but for service providers to the leasing industry.
This is not to promote a product or software, but is "outsourcing
work" related as indicated by the people whose service is available.
http://64.125.68.90/LeasingNews/PostingFormOutsourcing.asp
---------------------------------------------------------------------------------------------------
UAEL 2003 Annual Conference and Exposition
by Loni Lowder
The
UAEL Annual Conference and Exposition continues to be the key event
for its members, and this year was no exception.
Peter Mellon, the Conference Chairman, provided a wonderful setting
at the downtown Portland Marriott Hotel.
He and the UAEL staff, headed by Joe Woodley, UAEL’s Executive
Director, did a fabulous job of organizing everything, including a cooking
class and luncheon for spouses that brought in rave reviews from those
who attended. The timing for this convention was fall; however,
that didn’t stop things from continuing to grow. This year's 321 attendees, included 37 first
timers, was up from last years total of 270 in San Diego.
Thursday’s
activities included a golf tournament, which despite the rain was a
success, a CLP review taught by Nancy Geary, CLP, Terey Jennings, CLP
and Jim McCommon, CLP, and a full day seminar selling the technical
aspects of leasing, taught by yours truly.
All of Thursday’s events were well attended, right up to the
First Timer’s Opening Reception.
Bette
Kerhoulas, CLP, the President of UAEL and her directors, Bob Fisher,
CLP, Jim Coston, CLP, Terey Jennings, CLP, Peter Eaton, CLP, Bob Baker,
CLP, John Donnelly, Dwight Galloway, CLP, Brent Hall, CLP, Victor Harris,
Marci Kimball-Slagle, CLP, John Kruse, Jim McCommon, CLP, Brad Peterson
and Bob Teichman, CLP, and Ambassadors attended the First Timers Reception
to welcome all the new members and attendees. Thursday evening was topped
off by an opening reception hosted by QuikTrak that featured the delightful
improvisational entertainment by a troupe called Brainwaves.
Friday’s
Opening General Session featured Mike Hennessy, extolling the virtues
and beauty of Portland. The day’s activities were dominated by the open
exhibits. More than fifty fundors
and service providers networked with UAEL members.
On an editorial note, I saw a lot more optimism in almost everyone
I spoke with, more than there has been in the last couple of years;
actually, there seemed to be almost a buzz in the air.
I think most UAEL members believe the economic recovery is for
real this time.
Saturday’s
events (in true UAEL form) were geared towards education. With a full house, Bob Fisher, CLP, moderated
a panel on General Industry Overview of Why the Market Hasn’t Come Back
Yet…. Or Will It? With a diverse
group on the Panel consisting of John Haenselman, Marci Slagle, CLP,
Brad Peterson, Peter Violich, and Jim Brady, there were several opinions
and views on our ever-changing market.
The underlying theme: although things are certainly getting better,
you need to know your industry, market and niche to continue to succeed.
Simultaneously, Ted Brownrigg, CLP moderated a panel in which Tal Kennedy
and Peter Eaton, CLP, educated brokers and lessors on How to be Your
Fundor's Best Source, while Victor Harris moderated a panel on Anatomy
of Lessor-Fundor Master Agreements with a panel consisting of Jim Adler,
Steve Crane, CLP and Bette Kerhoulas, CLP.
Following
a short break, it was back for more education that began with Bob Baker
doing his usual bang-up job going over Lease Classification and Terminology,
Brent Hall presenting How to Develop Your Company from a Broker into
a Recourse Non-recourse Discount Firm, emphasizing the importance of
packaging and legal aspects of documentation.
Meanwhile, Thomas Mullally, Kenneth Lau and John Rosenlund, CLP,
represented the legal side to Effective In-House Collection: A Roadmap
to the Pot of Gold.
At a working Luncheon we heard from
Economist John W. Mitchell, possibly the most animated economist I’ve
ever heard, who referring to Schwarzenegger in office and the Cubs and
Red Sox in the play-offs, made the point that you don’t know what the
future can hold, but thinks the economy seems to be getting back on
the right track. The lunch closed with the UAEL’s Annual Board
Meeting honoring Bette Kerhoulas, CLP, President, and departing board
members, John Kruse, Brent Hall, CLP, Dwight Galloway, CLP, along with
the remaining board and members for making this a successful year and
conference for the Association. The
Association also welcomed and accepted nominations for the new board
members for 2004. These will be Randy Haug, Jim Lahti, CLP, Ron
Lear, Paul Menzel, CLP, Tim Mulally and Rudy Trebels, CLP. UAEL’s President Elect, Jim Coston, CLP, also
unveiled a different format for the UAEL’s all-new 2004 Equipment Leasing
Management Forum at the Point Hilton Squaw Creek Resort in Phoenix (April
22-25, 2004) with Brad Peterson as Conference Chair, it looks to be
a new and exciting conference.
The
afternoon workshops continued with full houses. Bob Baker presented Part II, Marketing to Equipment Vendors, Tom
Gonser with DocuSign, Inc., presented Electronic Signatures – Finally
Ready for Mainstream Business, and Andy Alper and Steven Jenkins offered
advice on Exercising Your Remedies in State and Bankruptcy Courts. By the end of the day everyone was ready for
the Saturday Night Gala at the Pittock Mansion. Busloads of attendees headed up the narrow-winding road to the beautiful
site. Most didn’t even mind the
continuous rain and the thick fog, as the location certainly couldn’t
be beat and the hors d'oeuvres were incredible.
As
a final note, I was impressed, both as an educator and a transactional
player, with the emphasis on education that UAEL continues to focus
on with its members. This organization
was the birthplace of the CLP designation, and as with most meetings,
Cindy Spurdle was spreading the gospel of the CLP, as she does with
all of the associations across the country.
It is very apparent that things are growing again in all aspects
of the UAEL and everything really should be Coming Up Roses!!
Loni
L. Lowder
President
& CEO
ACC
Capital Corporation
Chief
Executive Officer
420
East South Temple
Ste.
240
Salt
Lake City, UT 84111
(801)
530-7748 (phone)
(801)
595-9040 (fax)
LONI
L. LOWDER is President and CEO of ACC.
ACC, an equipment lease and finance company, was founded by Mr.
Lowder in 1978. The company funds
over $60 million annually in equipment cost.
Mr. Lowder was a principal partner and member of the Board of
Directors of Amembal, Deane & Associates.
Loni Lowder was named as a finalist for the Ernst and Young Entrepreneur
of the year award.
Mr.
Lowder has conducted sales and technical presentations on leasing in
major cities throughout the United States.
Mr. Lowder has assisted in the development of several seminars
on lease education and is solely responsible for having developed a
popular Amembal Deane seminar entitled "Selling the Lease Alternative." Technical Skills in Sales Success, a one-day
seminar, is currently being taught to ACC broker and community bank
customers.
Mr.
Lowder is considered an authority on using the technical aspects of
equipment leasing to increase sales for middle market leasing companies. He has appeared as a speaker at a number of
industrial associations as well as seminar leader for in-house seminars
on the equipment sales process for leasing companies within the United
States. Mr. Lowder is a contributing author to the publication
"International Leasing."(850 pgs.)
A
LIST OF SEMINARS TAUGHT BY MR. LOWDER:
· Introduction to Leasing: The Creative Alternative
· Fundamentals of Finance, Accounting and Taxation
· Leasing: The Creative Finance Alternative
· Leasing: Credit Analysis and Risk Assessment
· Leasing: Winning the Deal
· Selling the Lease Alternative
· Technical Skills in Leasing Sales
· Technical Leasing for Sales Success
Coda:
Rob Yohe, negociant, portfolio evaluator, and general bon vivant
slipped
and broker his hip. Many who
know Rob are aware of his back
“problems”
and need to walk with a cane. The
accident caused his
wife
to fly out to Portland, and his father Spencer, a Colorado CPA,
to
go to Stillwater, Kansas to be with the Yohe’s 16 year old son Graham.
He
was operated on Friday. According to Spence Yohe, the break was above
the
ball joint, supposedly the easiest to repair, but his hip has been weaken
by
taken bone from it for his back. The good news is he may be on his
way
home today or tomorrow, and back at 16016 Overlook Lane, Stillwell,
KS 66085 before Friday. 913-851-4623
(
Rob hands out this residence number to everyone as it is on
his
business card. )
A
side note, many noted how glad they were to see both Chuck and Connie
Brazier at the meeting. Leasing
News should do a story on “Whatever Happened
to
Chuck Brazier” so everyone could understand the significance of her
being
in Portland, Oregon.
Thank
you for the great report, Mr. Lowder. Paul Menzel is going to
have
a tough act to follow with his report about the ELA Conference
in
San Diego. editor .)
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|
About the Company: www.pentechfinancial.com |
|
|
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###
Press Release ###################################################
State
of the Industry Report Shows Mixed Impact of Economic Downturn
((Many
of the respondents reported the
beginnings of an economic upturn in 2003 in the small ticket market
(transaction size $25,000 to $250,000).
(Small
ticket transactions drove new business volume in 2002, generating
37.4
percent of total new business volume. Micro ticket transactions,
while
generating only five percent of new business volume, generated
impressive
returns. In 2002, micro ticket (transactions size $0 to
$25,000
showed a substantial increase in new business volume (23.5
percent)
(Full
Report with a separate down of charts follows this press release. editor)
Despite
low interest rates, equipment leasing industry remains important
financing
vehicle for capital in the U.S.
Arlington,
Virginia-The Equipment Leasing and Finance
Foundation,
a non-profit organization dedicated to enhancing recognition
and
understanding of equipment lease financing, has released its 2003
State
Of The Industry Report (SIR). Survey respondents describe mixed
effects
from the economic downturn. For some sheer survival is a goal,
while
other respondents report that the challenging times have provided
an
opportunity to refocus their approach, streamline their operations,
and
clarify their strategies leaving them poised to take maximum
advantage
of the next economic up cycle. The SIR report, administered by
Financial
Institutions Consulting, Inc. (FIC), reflects year-end 2002
performance.
"The
SIR report shows that, despite historically low interest rates,
leasing
continues to be an important financing vehicle for equipment in
the
U.S.," said Lisa Levine, Executive Director, Equipment Leasing
and
Finance
Foundation. "Respondents maintained satisfactory levels of
profitability
despite declining revenues, reduced new business volume,
and
slightly increased charge-offs." Controlling costs was cited as
a
main
contributor to steady profitability.
Leasing
continues to be the most widely used method of asset-based
financing
in the U.S., accounting for approximately one-third of
external
financing of total capital investment. However, leasing volume
is
in direct relation to business equipment investment. Based on the
Bureau
of Economic Analysis' most recent GDP estimates, the SIR states
total
leasing volume for 2003 is expected to increase only slightly over
2002.
The 2003 estimate for leases is $208 billion out of $668 billion
in
total new business equipment investment. That figure is
up
from $204 billion in equipment leases on $655 billion in new business
equipment
investment for 2002. The SIR's projection for 2004 shows a
modest
five percent increase over the previous year, barring new world
incidents
negatively impacting any economic recovery.
The
report shows results from the three leasing market segments - small
ticket
comprising transactions up to $250,000, middle market comprised
of
transactions from $250,000 to $5,000,000 and large ticket for
transactions
over $5,000,000. The SIR also includes information by
categories
of independent, captive and bank-affiliated leasing entities.
Key
findings include:
* Currently, the industry faces two main challenges:
current
economic
conditions and the potential impact of accounting, legislative,
and
regulatory changes.
* Many respondents, in 2003, particularly in the
small ticket
market,
are seeing the beginnings of an economic upturn.
* For the 132 Survey respondents, 2002 new business
volume
declined
by 4.6 percent over the previous year.
* Bank leasing companies experienced a significant
drop in new
business
volume with captives and independents, financial services firms
showing
modest increases.
* By ticket size, micro ticket showed a substantial
increase in
new
business volume (23.5 percent) while the other segments experienced
declines.
* By channel, vendor and captive programs gained
in importance
over
the previous year, demonstrating the increasing importance of
Point-of-Sale
financing.
* New business volume by equipment type shows most
transportation,
construction
equipment, and industrial equipment volume down over the
previous
year. However, investment in medical and information technology
increased
during the same period. Based
on interim GDP reports,
information
technology and computers may continue to show strong growth
in
2003 Transportation and industrial equipment continues to decline.
Even
by the most optimistic forecasts, certain segments of the leasing
industry
will continue to experience significant challenges for the next
12
to 24 months.
"More
than ever, success in this industry requires focus, flexibility,
and
the ability to rapidly adapt to changing environments," said Levine.
The
SIR contains analysis of industry results, trends, developments and
future
outlook for the equipment leasing industry. It was compiled using
information
from the Equipment Leasing Association's (ELA) Survey of
Industry
Activity, FIC's past client experience, in-depth personal
interviews,
and independent economic data.
Charts
in the story, please go here:
http://two.leasingnews.org/loose_files/2003%20SOI%20Charts_files/frame.htm
Here is the full report, depending on your internet
connection, this may
be
a long download :
http://two.leasingnews.org/temporary/2003%20State%20of%20the%20Industry.doc
About
The Equipment Leasing and Finance Foundation
The
Equipment Leasing and Finance Foundation is a 501c3 non-profit
organization
established in 1989 by the Equipment Leasing Association of
America.
The Foundation develops and promotes the body of knowledge to
enhance
recognition and understanding of equipment lease financing. The
Foundation's
strategic objectives are to maximize the role that
equipment
leasing plays in the world economy, and to be the prime
developer
and disseminator of a body of knowledge of the leasing
industry. Visit the Foundation online at
http://www.LeaseFoundation.org.
#### Press Release ###############################
 Stable funding source seeks experienced leasing representative; book of business required; remote office capability; send resume to jobs@balboacapital.com and reference leasingnews in subject line. |
----------------------------------------------------------------------------------------
Enterprise
Funding Group Announces Staff Additions/Promotions
Enterprise
Funding Group is pleased to announce the addition of Saul Sloman, Debra
Romero and Al Mateus to its business development staff. Mr. Sloman will be representing Enterprise Funding Group in Atlanta,
GA., Ms. Romero and Mr. Mateus are positioned in the Grand Rapids, MI.
headquarters. David Beckett has
been hired as Credit Analyst and Ben Fellows has been promoted to Assistant
Vice President, Portfolio Manager.
Enterprise
Funding Group is a privately held, independent lessor based in Grand
Rapids, MI. The company is aggressively
planning to grow its equipment portfolio by adding new sales representatives
throughout the U.S., as well as continuing to develop indirect relationships
with select originators. Website:
www.enterprisefundinggroup.com.
Mike
Coon
Vice
President
Enterprise
Funding Group
www.enterprisefundinggroup.com
PH
866-774-5050
FX 616-774-8740
###
Press Release ################################
Experian
New Service Helps Leasing/Finance Marketing via Public Extract
COSTA
MESA, -- Experian(R), a global business solutions company, today announced
the launch of Public Record Extract, a new tool designed to help marketers
in the financial, leasing and legal services industries make their business-to-business
direct-mail campaigns more profitable.
"For
direct marketers, the key to success is having easy access to the business
intelligence they need to make the right offer to the right audience
at the right time," said Mark Zablan, president of Experian's Business
Information Solutions group.
Experian
provides access to four types of public record files in batch mode,
including Uniform Commercial Code (UCC) data, corporate record data,
fictitious business name, and derogatory filings.
With
the availability of Public Record Extract, Experian's clients may draw
upon one of the largest repositories of state and federal public filings
to gain the information they need to segment and target specific prospects
and existing customers. Marketers
can easily identify businesses that are eligible for pre-bankruptcy
or post-bankruptcy financing, identify particular types of collateral,
and determine any opportunities for secured financing.
Queries
can be done on a state-by-state basis and by business name and address,
debtor name and address, type of legal UCC filing, legal action code,
secured party name, collateral code, and assignee's name and address.
"Public
Record Extract helps marketers know their present and prospective customers
inside and out," said Zablan. "Having
easy access to this critical data in a timely fashion is essential to
a successful transaction."
For
more information, contact Richard Quintana, vice president, Product
Development & Marketing, Experian Business Information Solutions
at 714 830 7204 or rick.quintana@experian.com .
About
Experian
Experian
provides strategic support to organizations around the world. It helps its clients target, acquire, manage
and develop profitable customer relationships.
It does this by combining its advanced decision support and outsourcing
services with information on consumers, businesses, motor vehicles and
property. Experian works with
more than 40,000 clients across diverse industries, including financial
services, telecommunications, health care, insurance, retail and catalog,
automotive, manufacturing, leisure, utilities, property, e-commerce
and government. Millions of consumers rely on Experian's consumer
credit services to meet their financial management needs. Experian is a subsidiary of GUS plc and has
headquarters in Nottingham, UK, and Costa Mesa, Calif. It has a 175-year history and unbroken sales
growth over the past 23 years. Its
13,000 people support clients in more than 60 countries. Annual sales
exceed $1.9 billion.
For
more information, visit the company's Web site at www.experian.com .
For
further information please contact Susan Henson, Public Relations of
Experian, +1-714-830-5129, susan.henson@experian.com .
###
Press Release #################################
World
Star Aviation, Ltd., A New Aircraft Leasing Company, Begins Operations
in San Francisco
SAN
FRANCISCO, -- Veteran aircraft industry executive John E. Flynn today
announced the formation of World Star Aviation, Ltd., a new aircraft
leasing company that purchases, sells and leases commercial aircraft
for the international aviation industry. The San Francisco-based company
begins operations as manager of a fleet of 58 passenger and freight
aircraft leased to 26 airlines in 16 countries.
Flynn,
who has been President of Triton Aviation Services Limited and is the
former Executive Vice President of GE Capital Aviation Services, established
World Star with three other members of Triton's senior management --
Sean M. O'Connor, Garreth T. Slevin and Richard L. Zimmerman, all of
whom have resigned their positions at Triton. Triton, in turn, has contracted
with World Star to manage its fleet of 58 aircraft.
"We
formed World Star Aviation to take advantage of the unprecedented opportunities
provided by the recent turmoil in the airline industry," Flynn
said. "The current supply-demand imbalance enables us to acquire
desirable, high quality aircraft at attractive prices and enhance their
value by the experienced, efficient management of leasing operations.
Our lean corporate structure and depth of industry experience will permit
us to operate with an advantageous aircraft-to-personnel ratio.
"We
are also fortunate to begin operations with the management of Triton's
fleet, which provides continuity to our customers and enables us to
build on our excellent established relationships with international
airlines, aircraft manufacturers, suppliers and investors. We are grateful
to Triton for the support and confidence they have placed in our new
venture," Flynn said.
At
World Star Aviation, Flynn will be President and Chief Executive Officer;
O'Connor will be Vice President, responsible for leasing and marketing
operations; Slevin will be Vice President, responsible for finance activities;
and Zimmerman will be Director of Technical Services, responsible for
overhauls and maintenance. The four executives have more than 100 years'
combined experience in the aviation industry and have conducted business
in every region of the world on six continents. Over the past five years,
they have managed 100 aircraft purchases, 32 aircraft sales, 73 remarketings,
37 major airframe overhauls, 30 major engine overhauls, 8 passenger-to-cargo
conversions, and 12 aircraft dismantlings.
Flynn,
62, has been President of Triton Aviation Services for the past seven
years. Prior to establishing Triton's aircraft leasing subsidiary, Flynn
served as Executive Vice President of Marketing for GE Capital Aviation
Services (GECAS). Earlier executive experience included positions
as Senior Vice president of Marketing at GECAS; Vice President of North
America and Vice President of Cargo for Polaris Aircraft Leasing Corporation;
Executive Vice President and Chief Financial Officer for American President
Companies, Ltd.; and President of Flying Tigers Line Inc.
O'Connor,
39, has been Vice President of Aircraft Marketing at Triton for the
past five years. Before joining Triton as Director of Marketing in 1997,
O'Connor was Vice President, Aircraft Marketing, North America for GECAS
and earlier, Manager, Aircraft Marketing for Polaris Aircraft Leasing
Corporation.
Slevin,
34, has been Director of Finance at Triton Aviation Services, responsible
for managing treasury activities, and previously served as Manager of
Finance and Senior Accountant. Earlier experience included several accounting
positions with Triton Container International Limited and Ericsson Systems
Expertise in Ireland.
Zimmerman,
65, has been responsible for aircraft maintenance and overhauls as Director
of Operations at Triton Aviation Services. Before joining Triton, he
served in the same capacity as Vice President-Operations for Dalfort
Aerospace, L.P. and earlier, he provided technical expertise at Braniff
International Airways.
World
Star Aviation, Ltd. is headquartered in San Francisco with offices at
One Maritime Plaza, Suite 755, San Francisco, California 94111. The telephone number is 415-956-9453.
CONTACT: Jamie Campbell of Investment Marketing Inc.,
+1-415-956-3745, or jcampbell@investmentmarketing.com, for World Star
Aviation, Ltd.
##
Press Release ####################################
CAP
Ventures: Legal Industry Doc Outsourcing
In
a new white paper by CAP Ventures, analysts take an in-depth look at
the current state of the legal market, including corporate legal departments
and law firms, and offer insight into how enterprising document outsourcing
service providers can capitalize on this industry. The results of the
study are available immediately in a white paper entitled The Legal
Industry: The Document Outsourcing Opportunity.
The
legal services industry is rife with opportunity for document outsourcing
service providers. This industry has lagged behind other industry segments
relative to its adoption of technology and is being driven to more rapid
adoption trends by market requirements. Document outsourcing service
providers have an opportunity to serve this industry by:
Providing
on-site facilities management services, assisting law firms and corporate
legal departments to migrate from analog to digital technologies, implementing
more effective workflows, better tracking billable costs, and leveraging
the power of the Web
Offering
standard litigation copying services and advanced litigation support
services, as well as on-site courtroom services for complex litigation
Helping
corporate legal departments to better manage the expenses associated
with outside legal counsel through national contracts for litigation
support and other services
Key
aspects when selling to law firms include creating a presence in the
industry via media output, having improved technology as a key focus,
and being aware that while law firms are still spending more aggressively
on technology than their corporate counsel counterparts, consistency
and cost control remains the number one concern.
"In
an environment where there is increasing competition, many law firms
are marketing their services in various types of media," comments
Holly Muscolino, a Director at CAP Ventures. "Since most law firms
lack marketing expertise, document outsourcing service providers can
play an important role in helping firms better communicate with their
clients and prospective clients through the creation and distribution
of marketing materials, regardless of the medium of communication."
CAP
Ventures' white paper discusses the scope and the size of the legal
services industry, key trends and issues that the industry is facing,
key considerations in serving the industry, sales and marketing strategies,
and case studies.
The
case studies included with this brief provide insight about how successful
service providers to the legal services industry have capitalized on
emerging technologies and full-service strategies to effectively partner
with law firms and corporate legal departments.
The
complete report is available immediately to clients of CAP Ventures'
Production Workflow Solutions and On Demand Printing & Publishing
Consulting Services. For more information on the report or to make a
purchase, please contact Stewart MacDonald at (781) 871-9000, ext. 175
or via e-mail at stewart_macdonald@capv.com.
####
Press Release #################################
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|
About the Company: Anaheim, CA. www.alliancefunds.com |
|
|
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Auto
lease growth leveled off
ABSnet
BOCA
RATON, FLA. — The once-rapidly growing auto lease sector of the ABS
market has likely reached maturity and growth will be limited for the
foreseeable future, panelists speaking at Information Management Network’s
ABS East gathering said. The seemingly infinite use of subvention loans
as well as a lack of new issuers mean that auto lease volume has likely
peaked and is seen leveling off from here on out.
The
hot-button issue in the auto lease sector — residual value — has not
been helped by the zero-percent loans that many captive auto lenders
have unveiled in the past 18 to 24 months, depressing the market for
used autos and reducing the pool of potential lessees, noted Jeff Orr,
managing director at Banc One Capital Markets.
But
lease originations will not decline further, as "there is a core
group of drivers who will always lease because they want to continually
drive a new car," according to Moody’s Investors Service Vice President
Mark Cohen. Additionally, existing lessors are entering the securitization
market with new issuance programs is unlikely.
But
the fleet-lease aspect of the sector remains strong, despite challenges
faced in recent bankruptcies, and is seen continuing to make up the
overwhelming majority of auto leases securitized.
The
conservative approach taken by issuers and rating agencies in accounting
for residual value is a strength of existing transactions, Moody’s Cohen
added. "ABS accounting and enhancement levels in securitized lease
pools are based on the base, or minimum, residual value of the car,
rather than the contract repurchase value," Cohen said.
As
for the recent action by Standard & Poor’s to place every auto lease
ABS on watch for a downgrade, there has been little to no fallout, panelists
agreed. "S&P caused a firestorm by placing certain auto lease
deals on watch but there have been no downgrades and most ratings have
been confirmed at the current levels," said session facilitator
Stuart Litwin, partner at Mayer, Brown Rowe & Mawe. He added that
one issuer — Provident Bank — altered its trust to conform to S&P’s
standards.
Overall,
the auto lease sector has been a success, growing exponentially since
1997. Although leasing has become a less attractive option for consumers,
it remains a valuable funding method for auto lenders seeking to diversify
funding sources and expand asset sources for securitization, panelists
said. — KD
Lease-Purchase
OOIDA Survival Calculator
The
Owner-Operator Independent Drivers Association
Lease-Purchase
Survival
Calculator - Spreadsheet
***Now
Added The OOIDA Cost Per Mile Spreadsheet***
http://www.ooida.com/trucking_tools/CPM/cost_per_mile.htm
The
best time to know if a Lease-Purchase contract will be profitable for
you is before you sign it. The same is true if the contract is so flawed
that there is no way on earth you can buy that truck and make a living
at the same time. You don't want to come to that realization six months
down the road when you find yourself under emergency financial stress.
This
simple calculator has a place for every variable that goes into a small
trucking business's cash flow analysis. Note that as you put in your
variables, the bottom line of whether you are making or losing money
changes. After you put in the figures that reflects what you think you
will do in the coming year, (not what the recruiter blows smoke about)
do some additional calculations. Change the miles to a lower and then
a higher number and see how mileage affects the bottom line. Then go
back to your original best estimate of miles and do some "If/Then"
calculations on diesel fuel prices. Put in the highest figure you have
ever seen on a fuel pump. Put in the figure between today's price and
the highest price you have seen. Note how little diesel price fluctuations
have to be to make thousands of dollars difference in the bottom line.
Because fuel is your single biggest cost, go back and check the lease's
handling of fuel surcharges. If there is no fuel surcharge in place,
you can easily see with this calculator how a simple hic-up in the fuel
price can take you from being a profitable trucker to being a bankrupt
trucker in short order.
INSTRUCTIONS:
The OOIDA Lease-Purchase Survival Calculator-Spreadsheet is a Microsoft®
Excel file. You MUST have Microsoft® Excel installed on your computer
to open this page.
Open
the OOIDA Lease-Purchase Survival Calculator-Spreadsheet (best have
Excel "on"...
http://www.ooida.com/trucking_tools/I376.htm
News
Briefs---
For
every $6 in Chinese products sold in the United States, American companies
sell $1 in products to China.
http://www.washingtonpost.com/wp-dyn/articles/A22278-2003Oct14.html
Grocery
Strife appears likely to widen nationwide
http://www.stltoday.com/stltoday/business/stories.nsf/Business/
6FC3EFE42927F25486256DBF000D21C1?OpenDocument&Headline=
Strife+appears+likely+to+widen+nationwide+
Grocery
Strike Hits Southern California
http://www.signonsandiego.com/news/state/20031013-0849-marketstrike.html
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Sports
Briefs---
Monday
Night Mismatch
http://www.stltoday.com/stltoday/sports/stories.nsf/Sports/Rams/
1C235501BA7FF8D886256DBF00151743?OpenDocument&Headline=Monday+Night+Mismatch
Falcons
stunned by Rams shutout
http://www.ajc.com/falcons/content/sports/falcons/1003/14falcons.html
Past
hovers over Cubs/ Baker boys trying to write new script
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/10/14/NLCS.TMP
Jags
QB Brunell out indefinitely after elbow surgery
http://www.theredzone.org/news/showarticle.asp?ArticleID=440
Gannon
fuming over 'inexcusable' penalties
http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2003/10/13/SPG7F2A76S1.DTL
Baseball
Wrap-Up Tuesday
http://www.nytimes.com/aponline/sports/AP-BBO-Baseball-Today.html
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California
Nuts Briefs---
Davis
leaving office in a blaze of bill signing
http://www.bayarea.com/mld/mercurynews/7005505.htm
Gray
Davis’s New Job
http://two.leasingnews.org/imanges_uael_wael/gray.jpg
Schwarzenegger
hears from job seekers
Hundreds
of applications received by governor-elect
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/10/14/TRANSITION.TMP
|
About the Company: Anaheim, CA. www.alliancefunds.com |
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This
Day in American History
Several
readers yesterday asked to be removed because they did not
like
what I wrote about Christopher Columbus.
At their request,
they
were removed from the mailing list.
I did collaborate the
statement
with the book to read:
http://www.amazon.com/exec/obidos/tg/detail/-/156584100X/ref=pd_sim_books_2/103-5362656-4423850?v=ance&s=books#product-details
I
love our country, but certainly am embarrassed and ashamed about
some
of our history. We should be proud of our growth and improvement, and
what makes us “people.” It is time to recognize the dark side. The facts
are Columbus landed in the central islands and never set foot upon the
main American continent. In addition, he came back on his second trip
with an army of 1700 soldiers, captured native Indians as slaves, sent
them back to Europe in thousands, committed genocide, wiping out entire
culture and lives, committed many atrocities recorded by histories,
and written about in books.
Factually the trip was not dangerous and the
seas calm and even, not “a dangerous voyage” across "shore less
seas," according to the ships logs. It is also a fallacy that people
believed the world was round. They
had made maps and talked about the rotation around the sun. His trip
was to find gold and riches. Columbus first trip was a landing at the
Bahamas (probably the island of Guanahani), which he renamed El Salvador
and claimed in the name of the Spanish crown
Another fact: none of the pictures that survive
are of Columbus. They were all painted after his death, many by artists
who never met him. He was not
a very nice guy, to say the least. The only offsetting comment might
be is that all the other countries of Europe raided the islands and
later the continent to bring back slaves to Europe. It is time we recognize this man for what he
was,
not what misinformation has been passed in the 19th century
as a myth.
Columbus
did not discover the United States.
He also did not die penniless,
but
quite the opposite, he left a
large estate as a very rich man. Columbus and his heirs were wealthy
way beyond their means, due to the discovery. Reports that he died “penniless”
are incorrect.
Here is a little known fact, Dutch sailor Piet
de Stuini, or DeStynie, persuaded Columbus to change the log and make
it seem that October 12th was the date of the first New World landing. The real date, October 13th, might have caused
superstitious fear in the other sailors or in the potential investors
in later voyages. This change was detected by an Italian history study
group named the Colombiani.
http://mariemontschools.org/webdesign2/baldwin/baldwin/11challjb.html
a
more definitive book, by the same author:
1644-Birthday of William
Penn, founder of Pennsylvania, born at London, England. Penn died July
30, 1718, at Buckinghamshire, England. President Proclamation 5284,
of November 28, 1984, conferred honorary citizenship of the USA upon
William Penn and his second wife, Hannah Callowhill Penn. They were
the third and fourth persons to received honorary Citizenship, including
Winston Churchill and Raoul Wallengber”
(
lower half of: http://memory.loc.gov/ammem/today/oct14.html
)
1656- The first punitive
legislation in Massachusetts against Quakers was enacted. (The marriage
of church-and-state in Puritanism made them regard the ritual-free Quakers
as spiritually apostate and politically subversive).
The law provided for a fine of 100 pounds for any ship captain
who delivered Quakers “ or any other blasphemous heretics” the Massachusetts
Bay Colony. Possessing Quaker books and coming to the defense
of Quakers was also outlawed and punished with fines, whipping and jailing.
Subsequent anti-Quaker laws included the penalties of having their ears
cut off and the tongue bored through with a hot iron.
1734-Birthday
of Francis Lightfoot Lee, signer of the Declaration of Independence.
Born at Westmoreland County, VA, he died January 11, 1797 at Richmond
County, VA. http://www.francislightfootlee.com/
His
plantation was called “Menokin.”
http://www.stratfordhall.org/menokin.htm
1735 -Methodist pioneer John Wesley first set sail to America,
to minister to the Indians under Georgia Gov. Oglethorpe. On this same
date, Wesley began keeping his famous, 55-year-long journal, whose last
entry was dated Oct 24, 1790.
1774-The Declaration
of rights was passed by the First Continental Congress in Philadelphia,
PA. It was known as the “Declaration and Resolves
of the First Continental Congress.”:
It stated the colonist “are entitled to life, liberty and property;
and they have never ceded to any foreign power whosoever a right to
dispose of either without their consent.”
1834-African-American
Henry Blair patents his corn-planting machine.
Two years later, on August 31, 1936, he obtained a patent on
a cotton seed planter.
http://inventors.about.com/library/inventors/blblair.htm
1863 -Battle of Bristol Station -
Confederate
General Robert E. Lee attempts to drive the Union army out of Virginia
but fails when an outnumbered Union force repels the attacking Rebels
The aggressive Lee realized that he had a chance to cut the Union army
up piecemeal during the withdrawal. Confederate General Ambrose P. Hill
spotted Yankees from General George Sykes's Fifth Corps near Bristoe
Station on the afternoon of October 14. Thinking this was the rear of
the Union army, Hill attacked and began driving the Federals away in
disarray. The Confederates were surprised by the sudden appearance of
Union General Governor K. Warren's Second Corps. Warren's men were returning
from a small battle at Auburn, Virginia, earlier that morning. Hill
decided to attack this new force as well, but the Yankees were well
protected by a railroad cut. In a very short engagement, the Confederates
suffered 1,400 men killed, wounded, and captured, while the Union lost
only 546. "Bury these poor men," Lee somberly told Hill, "and
let us say no more about it." The Union army was driven back 40
miles from its original positions, and the Confederates destroyed a
large section of the Orange and Alexandria Railroad, a key Union supply
line. Nonetheless, the gains were temporary. The next month, Meade drove
Lee back behind the Rapidan River.
1890-Birthday of Dwight
David Eisenhower, the 34th president of the US, born at Denison,
Texas. Serving two terms as president, Jan 20,1953-January 20,1961,
Eisenhower was the first president to be baptized after taking office
)Sunday, February 1, 1953). Nicknamed “Ike,” he held the rank of five-star
general of the army ( resigned in 1952 and restored by act of Congress
in 1951). He served as supreme commander of the Allied forces in western Europe
during WW!!. In his Farewell Address (January 17,1961), speaking about
the “conjunction of an immense military establishment and a large arms
industry,” he warned: “ In the councils of government, we must guard
against the acquisition of unwarranted influence, whether sough or unsought
by the military-industrial complex. The potential of disastrous rise
of misplaced power exists and will persist.” An American hero, Eisenhower
died at Washington, DC., March 287, 1969.
1891---Birthday of Sarah
Winnemucca (my late wife grew up in Winnemucca, Nevada,named after this
American native.
http://memory.loc.gov/ammem/today/oct14.html
1894 – Birthday of e
e cummings (Edward Estlin Cummings) (poet, playwright: Him, Santa Claus;
writer: The Enormous Room; died Sep 3, 1962)
1899-Birthday of pianist/song
writer Spencer Williams, New Orleans, LA
1899 -Bankleader/jazz promoter William “Red” McKenzie Birthday
http://www.redhotjazz.com/mckenzie.html
http://www.redhotjazz.com/mound.html
http://us.imdb.com/Name?McKenzie,+Red
http://www.musicweb.uk.net/encyclopaedia/m/M58.HTM
1938-Bob Haggart-Ray
Bauduc record “Big Noise from Winnetka ( Decca 2208) 1939-Birthday
of Ralph Lauren, the designer and purveyor of a line of popular clothes
that sought to capture the "spirit of the West," born New
York City.His claim to fame is the “Polo” brand.
http://about.polo.com/history/history.asp
1940-Charlie Barnet
Band records “Redskin Rumba” (Bluebird 10944).
1946—Top Hits
To Each His Own - Eddy Howard
Five Minutes More - Frank Sinatra
South America, Take It Away - Bing Crosby & The Andrews Sisters
Divorce Me C.O.D. - Merle Travis
1947-Flying a Bell X-I
at Muroc Dry Lake Bed, California, Air Force pilot Chuck Yeager broke
the sound barrier, ushering in the era of supersonic flight.
Yeager, born in Myra, West Virginia, in 1923,
was a combat fighter during World War II and flew 64 missions over Europe.
He shot down 13 German planes and was himself shot down over France,
but he escaped capture with the assistance of the French Underground.
After the war, he was among several volunteers chosen to test-fly the
experimental X-1 rocket plane, built by the Bell Aircraft Company
to explore the possibility of supersonic flight.
1950-“The Adventures
of Ellery Queen” premiere on television.
The first of many series to portray fictional detective Ellery
Queen. It began on the Dumont network, where my father Lawrence Menkin
wrote many of the episodes, and later moved to ABC. Queen was played
by Richard Hart. In the next four series, he would also be played by Lee Bowman, Hugh
Marlowe, George Nada, Lee Phillips, Peter Lawford and Jim Hutton. In each series Queen talked to the home audience
at the show’s climax to see if they were able to identify the killer.
Future series were titled, “ Ellery Queen” and the “Further Adventures
of Ellery Queen.” The last telecast aired on September 5, 1976.
1952-“The Red Button
Shows” premiered on TV. The comedy-variety show starred the well-known
burlesque comedian Red Buttons. Regulars included Dorothy Jolliffe,
Joe Silver, Jeane Carson, Sara Seegar, Jimkmly Little, Ralph Stanley,
Sammyu Birch, and the Elliot Lawrence orchestra. It later switched networks
under a new format in 1953, as a sitcom with Phylis Kirk and Paul Lynde.
1954—Top Hits
Hey There - Rosemary Clooney
I Need You Now - Eddie Fisher
Papa Loves Mambo - Perry Como
I Don’t Hurt Anymore - Hank Snow
1960-At the improbable
hour of 1am, then presidential candidate John F. Kennedy spoke impromptu
to several thousand students from the steps of the University of Michigan
Union building. He ask,” How many of you are going to be doctors
are willing to spend your days in Ghana? how many of you( technicians and engineers) are willing to work in
the Foreign Service? The response was favorable, and 19 days later in
San Francisco, Kennedy formally proposed the Peace Corps, which was
created by Executive Order, March 1, 1962.
1961 - The Broadway
production "How to Succeed in Business without Really Trying"
opened on Broadway.
1962-The Cuban Missile
Crisis begins , 1962, bringing the United States and the Soviet Union
to the brink of nuclear conflict. Photographs taken by a high-altitude
U-2 spy plane offered incontrovertible evidence that Soviet-made medium-range
missiles in Cuba--capable of carrying nuclear warheads--were now stationed
90 miles off the American coastline. Tensions between the United States
and the Soviet Union over Cuba had been steadily increasing since the
failed April 1961 Bay of Pigs invasion, in which Cuban refugees, armed
and trained by the United States, landed in Cuba and attempted to overthrow
the government of Fidel Castro. Though the invasion did not succeed,
Castro was convinced that the United States would try again, and set
out to get more military assistance from the Soviet Union. During the
next year, the number of Soviet advisors in Cuba rose to more than 20,000.
Rumors began that Russia was also moving missiles and strategic bombers
onto the island. Russian leader Nikita Khrushchev may have decided to
so dramatically up the stakes in the Cold War for several reasons. He
may have believed that the United States was indeed going to invade
Cuba and provided the weapons as a deterrent. Facing criticism at home
from more hard-line members of the Soviet communist hierarchy, he may
have thought a tough stand might win him support. Khrushchev also had
always resented that U.S. nuclear missiles were stationed near the Soviet
Union (in Turkey, for example), and putting missiles in Cuba might have
been his way of redressing the imbalance. Two days after the pictures
were taken, after being developed and analyzed by intelligence officers,
they were presented to President Kennedy. During the next two weeks,
the United States and the Soviet Union would come as close to nuclear
war as they ever had, and a fearful world awaited the outcome.
1962—Top Hits
Sherry - The 4 Seasons
Monster Mash - Bobby “Boris” Picket
I Remember You - Frank Ifield
Devil Woman - Marty Robbins
1964-Martin
Luther King, Jr. became the youngest recipient of the Nobel Peace Prize
when awarded the honor. Dr. King donated the entire $54,000 prize money
to furthering the causes of the civil rights movement.
1965 - Dodger ace Sandy
Koufax, working on just two days rest, pitched a three-hit shutout of
the Minnesota Twins. Koufax struck out ten Twins on his way to the 2-0
win. And the Dodgers were World Series champs for the second time in
three years.
1970—Top Hits
Cracklin’ Rosie - Neil Diamond
I’ll Be There - The Jackson 5
All Right Now - Free
Sunday Morning Coming Down - Johnny Cash
1987 - A media frenzy
occurred when hundreds of rescuers came to the aid of little 18-month-old
Jessica McClure. At 9:30 a.m. on this day, Jessica fell 22 feet into
an abandoned well in her backyard in Midland, Texas. She was brought
out of the well 58 hours later and was rushed to the hospital, where
she underwent minor surgery. Gifts, especially stuffed animals, pouring
into the hospital from well-wishers, most of whom had never met Jessica
or her family.
1990- San Francisco 49er Joe Montana passes for six 6 touchdowns
vs. Atlanta (45-35). http://www.thedebster.com/magic.html
http://www.sfgate.com/sports/49ers/pages/1997/montana.shtml
http://www.amazon.com/exec/obidos/tg/detail/-/0805042784/102-3335791-6093721?v=glance
1992- Canada gets its
first pennant as the Blue Jays clinch the AL crown with a 9-2 victory
over the A's in the Game 6 of the ALCS.
1996-Archer Daniels
Midland Company, Decatur, IL, a maker of agricultural commodities received
a fine from the Justice Department for $100 million.
It was a penalty for conspiring with other companies to fix the
prices of two food additives, lysine and citric acid. The company admitted
the charges. It was by far the largest such fine up to that time.
World
Series Champions This Date
1905 New York Giants
1908 Chicago Cubs
1929 Philadelphia Athletics
1965 Los Angles Dodgers
1984-Detroit
Tigers
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Leasing News, Inc. 346 Mathew Street, Santa Clara, California 95050 E-Fax: (781)459-4789 kitmenkin@leasingnews.org 
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