Friday--Leasing News--Jeff Ottle/Conference Countdown/We Get Letters-eMail

For our September 11^th issue, tomorrow, we will like to print where reader’s were during the terrorist attack on the Twin Towers in New York; what you were perhaps doing,

what your reaction was, and its affect on you today.

It can be one sentence, two or three, or whatever you would like to share with us.

http://www.september11news.com/

http://www.september-11th.us/

[Headlines]

Economic Events This Week

September 10

Wednesday

ELA Accountants Conf.

Boston, Mass.

Venture Capital Meeting

Chicago

September 11

Thursday

Balance of Trade: July

Weekly Jobless Claims

September 12

Friday

Producer Prices: August

Retail Sales: August

[Headlines]

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Classified---Steve Zuck on the Street

I have recently been laid off my credit position

with C2 Capital and therefore would like to redirect the

leasing news to my personal email. Please cancel

the szuck@c2capital.com address and redirect it to

stevemzuck@yahoo.com. I appreciate your daily

newsletter and would like to continue receiving it

as I search for employment.

Thank you,

Steve Zuck

P.S. Just in case you know of any companies in

Orange County seeking an experienced credit manager, I just

posted an ad in the classified job wanted under the

credit section. If a company would like to contact me

by phone my home phone number is (714) 625-4534.

Thank you, again, appreciate your help.

Credit: No. Atlanta, GA.

VP Credit/ Operations/Sr. Credit Officer. 15yrs exp. in equipment leasing. Strong financial analysis and management skills. Experience developing and maintaining profitable customer/vendor relationships. email:credops@msn.com

Credit: Boston Ma.

Challenging position where my skills, professional experience, organization, leadership, strategic thinking, creativity, energy, passion, competitive nature will enable me to define opportunities and personal development.email: bernd.janet@verizon.net

Credit: Corona, CA.

VP credit Consumer Credit prime/sub prime Auto lending/leasing/mortgages. 20+yrs exp. If you are looking for someone to affect the bottom line I am that person. Will relocate. email:amosca2000@yahoo.com

Credit: Irvine, CA. 25+ years experience with small ticket, municipal, federal, financial disclosure, operations, documentation, funding. Excellent relationships with many funding sources. Proven producer. email: cibo@earthlink.net

Credit: Long Beach, NY. Credit officer w/more than 20 years of experience. Seeking position in which I can utilize my credit-collections, communication &management skills. email:michaelschaubeck@webtv.net

Credit: Los Angeles, CA

Over 15 years experience in Credit/ Operations with Small Ticket and transactions up to $500,000.00. CLP, with excellent relationships with most major lenders. Email:jonbh123@earthlink.net

Credit: Mill Valley, CA

Senior corporate officer with financial services credit background. M and A, fund raising and workout expertise. Email:nywb@aol.com

Credit: New York, NY

3+ years of leasing credit / contracts experience. Currently in the leasing industry and moving to NY! Exp. working at both funding source and broker.

email: lease4you@mail.com

Credit: New York, NY Credit officer with banking and leasing background; strong analytical and communication/PC skills with lending and portfolio management experience. email: michaelschaubeck@webtv.net

Credit: New York, NY.

V.P.Credit & Collections w/23 years exp.looking for a situation where I can utilize my varied & extensive knowledge of credit/collections/risk-management & leasing. Email:rcouzzi@yahoo.com

Credit: Orange County, CA.

7 years experience in leasing credit/ syndication. Earned B.S. Business Administration: Finance at C.S.U.L.B. Seeking growth position in credit/ syndication.

email: stevemzuck@yahoo.com

Credit: San Francisco, CA. 10+ years Credit Analyst experience underwriting for a direct lessor, regional bank and vendor leasing company. Have CLP and will make decisions ( won't rely on a FICO score for enlightenment.) email: pmtorres1@yahoo.com

Credit Manager: Westlake, OH

7+ years Credit/Underwriting experience Comp lit. Please email me for copy of job description at mgallo@comfingrp.com

71 Help Wanted ads available at:

http://64.125.68.90/LeasingNews/JobPostings.htm

These are very good people. Please give them a try.

[Headlines]

****announcement*************************************************

October 22---“Two Panels” Regional Meeting, San Jose, California

Silicon Valley UAEL Regional Meeting, Wednesday, October 22,

3:30pm to 7:30pm at Napredak Hall, 770 Montague Expressway, San Jose

( 1 1/2 blocks off Highway 880.)

Two Panels

Venture Leasing

4:30pm to 5:30pm

Peter Eaton, Pentech Financial

John Pritchard, Vencore Solutions

Russ Wilder, Atel Leasing

"Decision Not Based on Credit Scoring"

(also known as "Story Credits" or "Cash Flow Analysis."

6:00pm to 7:00pm

Peter Eaton ( does story credits $250,000 minimum)

Doug Houlihan, Allegiant-Partners ($30,000 +)

Archie Julian, Dumac Leasing (Exchange Bank)

Plus wine with cheese.

* Chateau Woltner 2000 Mt. Howell Chardonnay, Lamborn Family 1998

Zinfindel, Mt. Howell, Thornbird New Zealand Sauvignon Blanc, along with a light buffet from Kit Menkin’s personal chef: fresh smoked salmon, Bobby Flay corn salsa, some scallops, Kosher pork tenderloin, and Southwest specialities with fresh tomatoes from the chef’s garden.

Host: Kit Menkin, American Leasing $15.00 per person ( non-members

encouraged to attend ) www.uael.org

**** announcement***************************************************

[Headlines]

Major ELA Victory In Bonus Depreciation Regs

ELAonline

Regulations issued by the Department of Treasury/IRS on September 5 include Equipment Leasing Association sponsored rules to facilitate syndications and sale-leasebacks .

"This is a great win for leasing and its customers. Persistent efforts on several fronts, active member participation and good information for Treasury and Congress on why this was a benefit for all," said Michael Fleming, ELA President.

ELA has been lobbying the Treasury Department for over 15 months on this important issue. Pursuant to the rules, if qualified property is originally placed in service by a lessor within the appropriate period, and is sold by the lessor (or any subsequent purchaser) within three months after the date originally placed in service by the lessor, and the user of the property does not change during that three-month period, the purchaser of the property in the last sale is considered the original user of the property that would be eligible for the bonus deduction

To see a copy of the temporary regulations, visit:
http://www.elaonline.com/GovtRelations/Federal/Issues.htm

CONTACT:

Steve Fier

ELA

Phone Number: 703-527-8655

[Headlines]

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It's $60 Million Missing!!!!---

by Christopher Menkin

DVI originally told several news agencies that it was putting its chief financial officer, Steven Garfinkel, on "administrative leave," and would be seeking Chapter 11 bankruptcy. DVI hinted about "apparent improprieties." Leasing News reported

it involved from $50 to $75 million not accounted for ( pardon the pun), and other problems would surface with an audit by an independent firm. An informed source told Leasing News it could be as high as $75 million dollars.

http://www.leasingnews.org/archives/August_%202003/8-27-03.htm#hey

It is now public knowledge that SunTrust Banks is seeking the return of their $60 million that the bank invested in asset-backed notes that were part of a securitization that was underwritten by others, including Merrill Lynch and Normura Securities. More on this will come out in the trial, should DVI come out of Chapter 11. If not, this could go on for years, just as Unicapital, Metrolease, CMC, and many others ( see the list http://www.leasingnews.org/list.htm )

In this suit, the underwriters are accused of not disclosing that there existed an accounting dispute between DVI and its auditor, Deloitte & Touche, at the time a prospectus was issued detailing the sale of the notes. Deloitte subsequently resigned as DVI's auditor, effective June 2, 2003 according to DVI's 8-K SEC filing on June 9, 2003. Since the notes were purchased on or around May 22nd, SunTrust is claiming that had it known of the dispute, it wouldn't have made the investment.

There are other problems to be discovered. In addition, it is difficult to recover after

laying off 100 people ( a third of their work force with more cuts to follow ), creating morale problems with employees, vendors, funders, not being up-front with what is going on, and especially paying attorneys up to $795 an hour to settle your problems. Odds are this company will file Chapter 7 in this economy.

Pacer has 47 lawsuits in several states involving DVI, including from Intrepid, in both

civil and bankruptcy cases. Before you start saying the attorneys are going to make

a lot of money, remember, they also have to collect it, too. What they bill

and spend time for may be much less than they will receive---eventually...

that’s why law firms like to lease equipment and computers: cash flow.

Here are copies of the BK filings and recent actions. The Pacer accounts are

too numerous to produce.

http://www.leasingnews.org/archives/August_%202003/8-28-03.htm#dvi

[Headlines]

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Marlin Leasing Files $60 Million IPO

One of the successful companies to utilize securitization ( Balboa is another,)

Marlin Business Services. filed with U.S. regulators to raise as much as $60 million in an initial public offering of its common stock.

U.S. Bancorp Piper Jaffray and William Blair & Co. are to underwrite the offering.

Proceeds from the sale are to go toward paying off debt, dividends owed on its preferred stock, as well as for other general corporate purposes, Marlin said.

Marlin said it had applied to list on the Nasdaq under the symbol "MRLN" MRLN.O.

In the past, many securitized companies have had difficulties ( see The List ,

http://www.leasingnews.org/list.htm )but Marlin is one of the few survivors with its main thrust on vendor direct

business with a smaller broker lease program. The company is well known for

its thorough credit analysis and due diligence resulting in a very clean portfolio.

[Headlines]

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

ICON ANNOUNCES APPROVAL OF INCOME

FUND TEN FOR EQUIPMENT LEASING INVESTMENTS

-- $150 Million of Investor Equity Expected to be Raised --

New York, NY, - ICON Capital Corp., a major manager of

publicly registered equipment leasing investment programs, and ICON

Securities Corp., a dealer/manager that works with broker/dealers to market

ICON's investment programs, today announced the commencement of the offering

of ICON Income Fund Ten, LLC ("ICON Ten"). ICON, which has experienced a

significant increase in investor participation in its programs over the past

five years, expects to raise $150 million of investor equity over the next

12-24 months and acquire an estimated $300 million of equipment subject to

leases with large, creditworthy companies.

"Our high expectations for Fund Ten are based on ICON's continued success in

attracting investors and the increasing pace and completion of our offering

periods," said Beaufort J.B. Clarke, Chairman and CEO of ICON Capital Corp.

"For example, ICON Fund Eight B raised $75 million of equity within two

years, while ICON Fund Nine, which was completed in mid-May 2003, raised

$100 million in 18 months. Furthermore, Fund Nine raised approximately $20

million in April 2003 alone, which is an exceptionally high figure in the

placement of Direct Participation Programs specializing in the equipment

leasing industry."

ICON Income Fund Ten Overview:

Structured as an LLC, ICON Ten is offering $150,000,000 of shares. The

minimum investment is $5,000 for individuals and $3,000 for IRAs and other

qualified plans. Investors must meet the minimum suitability requirements

of a net worth of $60,000 (exclusive of home, automobiles, etc.), plus an

annual income of $60,000, or a net worth of $225,000. ICON Ten will seek to

acquire equipment subject to leases in order to create an asset portfolio

that is highly diversified by industry, equipment type, lessee and expiry

dates, in order to reduce risk. The equipment commonly acquired by ICON

Income Funds includes marine vessel, commercial aircraft, railroad,

over-the-road transportation, power plant, store fixture and

telecommunications and technological equipment.

"The depressed equity markets of the past few years have certainly

encouraged the rise in investor interest in hard asset alternative

investments. While the recent rebound in U.S. equities is noteworthy, we

believe that investors will continue to see the value of diversifying by

reserving a portion of their portfolios for investments in quality

alternative investments," said Paul B. Weiss, President and Chief

Acquisition Officer, ICON Capital Corp. "As with our other investment

programs, ICON Ten brings institutional investor opportunities to a wide

range of retail investors, through financial planners and registered

representatives. Typically ICON investors are attracted to ICON's lack of

stock or bond market volatility, predictable cash flows and favorable tax

treatment."

Today, hundreds of creditworthy companies around the world have leasing

relationships with ICON Capital Corp., which specializes in acquiring

business-necessary equipment subject to lease with leading companies. Its

investments are acquired in the secondary market from other leasing

companies or financing institutions, rather than originated directly.

Over 28,000 investors currently allocate a portion of their portfolios to

ICON's equipment leasing investment programs, allowing them to diversify

beyond equities, fixed income, cash and other asset classes, such as real

estate. When combining all ICON Income Funds, more than $500 million of

equity has been raised and more than $1 billion of equipment has been

acquired.

About ICON

ICON Capital Corp, based in New York with a major office in San Francisco,

is one of the leading managers of programs for investments in equipment

leases. ICON Securities Corp. acts as a dealer/manager for these offerings.

For more information, visit www.iconcapital.com or www.iconsecurities.com,

or call (860) 669-2385.

*********************

Ben Trounson

Kodora Communications

631-952-4600, ext. 203

ben@kodora.com

[Headlines]

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

MainStreet Finance Acquires Vionnet & Associates

Acquisition substantially expands MainStreet's position in the vendor finance market

KIRKLAND, WA. - MainStreet Finance Corporation has acquired the equipment finance operations of Vionnet & Associates, a Fresno, California company providing equipment lease financing throughout the United States.

"Vionnet & Associate's established position and reputation in the equipment finance market provides a valuable entry point for MainStreet Finance Corporation to introduce other financing services to this important market segment." says Cliff Monlux, Senior Managing Partner with MainStreet Finance. "Vionnet & Associate's strong, established relationships with key equipment finance lenders in this market was another valuable consideration for us in this acquisition" adds Monlux.

According to Alfredo Vionnet, President of Vionnet & Associates, Inc., "this is a great opportunity for us to broaden our finance offerings and leverage the marketing strength of MainStreet Finance. We can now expand our business activity with existing clients with other forms of financing besides equipment leasing."

The acquisition was completed on August 29th with Vionnet & Associates becoming a part of the Vendor Finance division of MainStreet Finance Corporation.

Vionnet & Associates will maintain their offices in Fresno, California and will pursue continued business development for MainStreet along with other business interests.

Vionnet & Associates' credit service and funding operations will be transferred to MainStreet Finance Corporation offices in Kirkland, Washington.

About MainStreet Finance Corporation

MainStreet Finance Corporation is a Washington company headquartered in Kirkland Washington, specializing in providing business credit for small businesses in the US, working through CPA firms, banks, equipment manufacturers and equipment finance companies. For more information, visit MainStreet's Website at www.mainstreetfinance.com

About Vionnet & Associates

Vionnet & Associates is a California company located in Fresno, California that provides equipment financing to small businesses across the US. Vionnet & Associates has over 25 years of experience in the industry and long-standing service relationships with major equipment manufacturers and distributors across the US. For more information, visit Vionnet & Associates' Web site at www.vionnetlsg.com

MainStreet:

Cliff Monlux, Senior Managing Partner, MainStreet Finance Corporation

866-889-6886, ext. 228

cliff@mainstreetfinance.com

Vionnet & Associates:

Alfredo Vionnet, President, Vionnet & Associates, Incorporated

559-229-4782

avionnet@vionnetlsg.com

[Headlines]

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

Larry Grant At Centennial Bank/New Equipment Leasing to Product Portfolio

OGDEN, UT: – Centennial Bank Inc. is announcing the

addition of Commercial Equipment Leasing to their portfolio of products.

Founded in 1997 in Ogden, Centennial Bank is a full-service community bank

that specializes in providing construction loans and mortgages in the

Northern Utah area. With a recent change in bank leadership and direction,

Centennial Bank is expanding its line of financial services to include

Equipment Leasing for a broad range of industries and equipment types

throughout the United States.

Larry Grant, a 30-year veteran in the financial services industry and former

Executive Vice President of ACC Capital Corporation in Salt Lake City, has

accepted the position as Senior Vice President-Commercial Lending and

Equipment Leasing. Grant says that Centennial Bank’s commitment as a

financing leader in the construction industry will carry over into other

industries.

A change in management at the community bank recently. Clint Williams was

recently named the President and Chief Executive Officer of Centennial.

Williams comes to Centennial Bank with more than 30 years experience in the

banking industry including terms as the former president of 3 community

banks, all based in Utah.

“Centennial Bank has been a leader in providing financing for businesses and

consumers in Northern Utah for more than 6 years. In an effort to meet the

funding needs of existing and new customers, we’re examining every service

we offer, and adding new products where it makes sense – beginning with

Equipment Leasing,” says Williams.

Centennial Bank’s Equipment Leasing Division will work directly with

customers, brokers and vendors to provide financing for equipment costing

$15,000 to $1,000,000 or more. For more information about Centennial Bank’s

Equipment Leasing opportunities, contact Larry Grant at 801-475-7000.

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

[Headlines]

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Leasing Logic---National Association of Equipment Leasing Brokers Newsletter

This page will lead you to the other pages of the NAELB Leasing Logic. If you

are in sales, or even operations, you will want to read the latest of what is

happening from these “street fighters.”

http://64.82.65.38/newsletter/0903/regmeetings.htm

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Advanced Sales Class---Toronto, Canada on Monday, September 15

For our Canadian readers ( yes, they even read “This Day in American History,)

you won’t want to miss the opportunity to hear from this author and dynamo---

Jeffrey Taylor, CPA, CLP

jtaylor@executivecaliber.ws

http://www.leasingnews.org/Conscious-Top%20Stories/Taylor-9-15.htm

Please forward our newsletter to a colleague and ask them to subscribe as we

are trying to build our readership.

[Headlines]

________________________________________________________________________

Merrill Lynch, MBNA America Bank Ink Credit Card Deal

Merrill Lynch continues to expand its financial capabilities, now announcing a strategic partnership with MBNA America Bank, the world's largest independent credit card lender, to develop, market and service a full line of unsecured credit cards for Merrill Lynch clients. Merrill Lynch products and services will also be marketed to MBNA customers.

Specific terms of the partnership were not disclosed. A formal launch of the Merrill Lynch branded credit cards is expected in the first quarter of 2004. Last January,

Merrill Lynch launched its comprehensive financial management platform, Total Merrill, an unsecured credit card offering is a natural extension of its personalized credit and lending capabilities and underscores the firm's commitment to offering clients all of the typical features of a checking and savings account through its Beyond Banking relationship.

[Headlines]

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

FleetBoston Financial Launches Office in Washington, D.C. Expands Government Banking Services and Contracts

BOSTON---

Alphonso Maldon, Jr., Fleet Executive Vice President and Executive

Director of Fleet Federal Government Services and Former Assistant

Secretary of Defense Under Clinton, Tapped to Spearhead New D.C.

Operations

FleetBoston Financial announced today the official opening of a Washington, D.C. office, a move that underscores Fleet's commitment to offering the highest level of products and services to government agencies. To lead its new D.C. operations, Fleet has appointed Alphonso Maldon, Jr., currently Executive Vice President and Executive Director of Fleet Federal Government Services and Liaison, and a member of the Leadership Advisory Group.

"With our history of serving government agencies for over 30 years, the establishment of a formal presence in Washington is a natural step for Fleet," said FleetBoston Financial Chairman and CEO, Chad Gifford. "Placing a respected leader of Al Maldon's caliber at the helm of this operation underscores Fleet's commitment to growing its business with government clients."

Currently serving more than 3,500 government entities, Fleet is among the largest government banking depositories in the nation. FleetBoston's presence in D.C. will enable the institution to serve a growing government client base with its significant portfolio of specialized banking, financial and technology tools, delivered from a local vantage point. FleetBoston offers products and services, including government advisory capabilities; Libris Information Solutions (Libris), a leading provider of document and remittance processing solutions; proprietary technology designed for business process outsourcing; PayMode(R), a fully secure business-to-business payment and remittance processing solution, governmental leasing, and insurance services.

"We commend Fleet's decision to appoint Al Maldon to this important office," stated Congressman James E. Clyburn (D-SC), a member of the House Appropriations Committee and Vice Chair of the House Democratic Caucus. "His extensive relationships and acute understanding of the Washington landscape bring tremendous credibility and knowledge to this post."

A Capitol Hill veteran, Maldon's distinguished history of government and military service spans nearly three decades. Prior to joining Fleet in 2001 as Executive Vice President and Executive Director for its Corporate Administrative Services, Maldon was Assistant Secretary of Defense for Force Management and Policy under President Clinton. A Presidential appointee confirmed by the Senate, Maldon was responsible for policies, plans, and programs for military and civilian personnel management, including recruitment, education, career development, equal opportunity, compensation, recognition, discipline, and separation of all Department of Defense personnel, both military and civilian.

Maldon also held such posts as Deputy Assistant to the President for Legislative Affairs and White House Congressional Liaison to the United States Senate and House of Representatives, and earlier, Deputy Assistant to the President and Director of the White House Military Office. A decorated military officer, Maldon has been the recipient of numerous awards as a result of his tours of active duty and significant leadership roles with the United States Army. He is the recipient of the Legion of Merit, the Defense Meritorious Service Medal (with two Oak Leaf Clusters), the Army Commendation Medal and the U.S. Army Staff Badge, as well as the Distinguished Civilian Public Service Medal. Maldon was also honored with the United States Congressional Award for Leadership and Patriotism.

In addition to the Washington, D.C.-based Executive Leadership Council (ELC), Maldon serves on the Board of Directors of the National Minority Supplier Development Council (NMSDC) and the Boston College Club. He is a member of the National Retired Military Officers Association, the Prince Hall Masons Association, the National Urban League, the American Legion Veterans Association, and the Boston Partnership, Inc.

FleetBoston Financial is the seventh-largest financial holding company in the United States, with assets of $197 billion. The company's principal businesses, Personal Financial Services and Commercial Financial Services, offer a comprehensive array of innovative financial solutions to 20 million customers. Through its Personal Financial Services franchise, Fleet offers retail banking, wealth management and investment services, nationwide brokerage, credit card and consumer lending services. These services are available through approximately 1,500 branches and more than 3,400 ATMs in the Northeast; through Fleet HomeLink(SM) , one of the nation's leading online banking platforms, and through telephone banking. Fleet is the leading small business services and commercial banking provider in the Northeast. Fleet's Commercial Financial Services Division provides commercial lending, syndications, capital raising and advisory, leasing, cash management, asset-based finance, foreign exchange and interest rate derivatives to clients. FleetBoston Financial is headquartered in Boston and listed on the New York Stock Exchange (NYSE:FBF) and the Boston Stock Exchange (BSE: FBF).

CONTACT:

FleetBoston Financial

James E. Mahoney, 617-434-9552

[Headlines]

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

Leasing Industry Help Wanted

UAEL, NAELB
Sales: Irvine, CA.
20-Year Lessor with excellent reputation seeking an experienced goal-oriented sales professional. Great working environment, generous commissions, benefits. E-mail: jaimek@pacifica-capital.com

Escondido, CA: Lease broker office looking for Lease Coordinator/Office Manger: process credit, submit to banks,documentation/follow-up; answer phones/manage files.Leasing experience important. please send resume to:
stantonleasing@sbcglobal.net or fax to (760) 738-1910

[Headlines]

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

Universal Express -USXP- Hires Marshall Stanek for National Sales

NEW YORK----Universal Express, Inc. (OTC BB:USXP) announced today that its subsidiary, WorldPost, its private postal network, today retained the services of Marshall Stanek of San Diego to assist in its national sales efforts.

"We are very pleased to announce Mr. Stanek's addition to our growing staff of professionals and expect that his experience in the private postal arena will help us as our rebranding expands to include not only a new name and website, but also a great many new revenue generating products for the private postal stores we service," stated Richard A. Altomare, the company's President and CEO.

Mr. Stanek was Corporate Accounts Director for Mail Boxes Etc/UPS for two and a half years before leaving earlier this year to start his own consulting company.

"I am delighted to be working with WorldPost on this project," added Mr. Stanek. "Now that I have spent time with the team they have assembled, have reviewed their new marketing concepts and strategies, as well as the new products and services they will be offering the private postal network, I believe they are truly on target for long-term and sustainable growth."

Prior to his stint with MBE/UPS, Mr. Stanek also worked for MCI, and MicroAge Information Systems.

"Mr. Stanek brings our team additional experience and expertise in a number of areas," stated Bruce Turiansky, WorldPost's Director of Marketing and Product Development. "We fully expect that he will provide invaluable assistance as we greatly expand our product line, the number of stores we service, and deal with the ever-increasing complexities of a growing business."

Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital, Universal Express Logistics (including VirtualBellhop, WorldPost and Luggage Express) and WorldPost, The Private Postal Network. These subsidiaries provide the private postal industry and consumers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods worldwide.

More information and web site locations are available at www.usxp.com.

CONTACT:

Equitilink

Mr. Ron Garner, 877-788-1940

[Headlines]

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

MarCap Names Upchurch Mountain/Central Regional Manager

Brent Upchurch has joined MarCap (www.marcapcorp.com), a medical equipment financing company, as regional manager Mountain/Central.

Upchurch, who lives in Dallas, will cover the states of Colorado, Idaho, Montana, New Mexico, Oklahoma, Texas, Utah and Wyoming.

"Brent brings with him more than 10 years of leasing experience. He has the insight needed to provide MarCap's clients with value- added financing and a high level of personal service," says Ken Seip, vice president of sales and marketing.

Previously Upchurch served as an assistant vice president for Bank of Texas' BOKF Equipment Finance, where he specialized in the medical, transportation, manufacturing, legal and energy industries. He also held positions with Mellon U.S. Leasing and CIT.

Upchurch graduated from the University of Texas with a bachelor's degree in mechanical engineering and a master's degree in business administration.

Upchurch can be reached at 214.953.9382 or via e-mail at upchurch@marcapcorp.com.

MarCap is a member of The Marmon Group of companies, an international association of more than 100 autonomous manufacturing and service companies with collective sales of $6.8 billion.

[Headlines]

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

Judge OKs Conseco's Bankruptcy Exit Plan

http://www.washingtonpost.com/wp-dyn/articles/A52488-2003Sep10.html

[Headlines]

________________________________________________________________________

Fitch Ratings Affirms Financial Federal; Revises Rating Outlook to Positive

http://www.fitchratings.com/corporate/events/press_releases_detail.cfm?pr_id=94156

[Headlines]

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Consumer Debt Up $6 Billion in July

The Federal Reserve reports consumers took on $6 billion more debt in July, bringing

the total to $1.774 trillion. It grew at 4%, but less than the 5% the preceding quarter.

The rise was higher than economists expected, especially since it came primarily

from loans for cars, mobile homes, education costs, boats or vacations.

Revolving credit, reflecting outstanding debt on charge and credit cards, rose $300 million after a $1.3 billion decline in June.

http://www.federalreserve.gov/releases/G19/Current/

[Headlines]

Internet Sales Tax in California Passes

SACRAMENTO – The California State assembply passed a bill to collect more sales taxes from online shoppers.

The bill makes California join a 42-state movement aiming to simplify their tax systems. clearing the way for widespread taxing of transaction on the world wide web. The states' efforts could eventually bring billions of dollars to its treasury to help reduce the

deficit.

The Assembly bill now goes to the Senate for approval of minor changes, and then to

the desk of Governor Gray Davis, who is running for “re-election” or “no recall” and

expected to sign it into law.

[Headlines]

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News Briefs---

Rates decline in latest Treasury bill auction

http://www.boston.com/business/globe/articles/2003/09/09/rates_decline_in_latest
_treasury_bill_auction/

Apple Launches Two New Business Financing Options

http://www.macobserver.com/article/2003/09/09.7.shtml

Rumors, Hoaxes, and “For Real” re: September 11

http://www.snopes2.com/rumors/rumors.htm

Roger W. Ferguson, Jr.,2^nd Term VC/ Ben S. Bernanke full term as a Governor of the Federal Reserve Board.

http://www.federalreserve.gov/boarddocs/press/other/2003/200309094/default.htm

CDW Acquiring Micro Warehouse
http://www.internetnews.com/bus-news/article.php/3074341

EarthLink Co-Founder Gets Prison Term

http://story.news.yahoo.com/news?tmpl=story&cid=562&ncid=
738&e=6&u=/ap/20030903/ap_on_hi_te/investor_fraud

San Jose tops survey of apartment costs in U.S.

http://www.bayarea.com/mld/mercurynews/business/6727359.htm

Simon & Garfunkel reunite for first concert tour in 20 years

http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/09/09/entertainme
nt1600EDT0696.DTL

Shares of Blackberry maker surge on upbeat outlook

http://www.bayarea.com/mld/mercurynews/business/6729455.htm

$400 Bottle's Too High? Try Its $18 Cousin

http://www.nytimes.com/2003/09/10/dining/10WINE.html

[Headlines]

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California Nuts Briefs---

Mr. Fix-It, Ueberroth, bows out of recall race

http://www.signonsandiego.com/news/politics/recall/20030909-1724-cnsueberroth.html

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2003/09/10/UEBERROTH.TMP

Bay area TV anchor-reporter gives to Schwarzenegger

http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2003/09/09/state2022EDT0222.DTL

Shriver's Wal-Mart stop feeds the frenzy
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/09/09/MARIA.TMP

Schwarzenegger picks cozy setting for 'town hall'
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/09/09/MN304386.DTL

Poll: Davis' prospects rise but remain cloudy
http://www.bayarea.com/mld/mercurynews/news/special_packages/recall/6726512.htm

Complete Wrap-Up

http://www.bayarea.com/mld/mercurynews/news/special_packages/recall/

[Headlines]

This Day in American History

1565-Billiards were played in St. Augustine, Florida, brought to America by the Spaniards who were the first to settle the area.

1718 -The Collegiate School at New Haven, CT, changed its name to Yale. (Congregationalists, unhappy with an increasing religious liberalism at Harvard, had founded Yale, the third oldest college in America, in 1701.)

1776-George Washington asks for a spy volunteer

;Nathan Hale volunteers.

http://www.odci.gov/hale.html

http://www.findagrave.com/cgi-bin/fg.cgi?page=gr&GRid=2306

http://www.seanet.com/Users/pamur/nhale.html

1794- Blount College’ the first nondenominational church was charted at Knoxville, TN ( now the University of Tennessee). The charger provided that the college “ take effectual care that students of all denominations may and shall be admitted to the equal advantages of a liberal education and to the emoluments and honors of the college, so that they shall receive a like, fair, generous, and equal treatment during their residence therein.” The first president was Samuel Carrick.

1813-the American naval officer Oliver Hazard Perry left Erie, PA, with a fleet of nine ships and encountered a squadron of six British warships off Put-in-Bay, Ohio, today, which history calls “ The Battle of Lake Erie.” Perry’s attack was hampered by his short-range guns, and his ship was battered to a hulk with only a handful of capable men left. He left his flagship Lawrence and renewed the fight from a sister ship, the Niagra, and had the satisfaction of seeing the British strike their colors. He returned to the Lawrence to accept the British surrender, then sent to Gen. William Henry Harrison, commander in the west, the victory dispatch containing the words, “ We have met the enemy and they are ours.” The Americans gained control of Lake Erie, and the British were obliged to withdraw from Detroit, further strengthening the U.S. position in the Great Lakes.

1820-Missouri entered the Union under the Missouri Compromise of 1820, admitting Missouri as a slave state while admitting Maine as a free state, and prohibiting slavery in Louisiana Territory north of the parallel 36º 30', Missouri's southern border.

http://memory.loc.gov/ammem/today/aug10.html

1862-Rabbi Jacob Frankel of Philadelphia, PA became the first Jewish Army chaplain, four months after Congress amended its law of 1861 requiring chaplains to be Christians. Frankel served from 1863 through 1865 at the United States Hospital in Philadelphia.

1877- Katherine Sophie Dreier, U.S. painter and modern art museum founder. Instead of focusing on her considerable artistic talent, KSD turned most of her energies towards gaining acceptance in the United States for modern art. Independently wealthy, she - along with artist Marcel Duchamp - established Soci,t, Anonyme in 1920, New York City's first museum of modern art. She published material and held lectures and the like to encourage acceptance of the new art forms. When the Museum of Modern Art opened in 1928, it eclipsed her museum and she later donated the collection to Yale University. Her sisters were Mary Elizabeth Dreier and Margaret Dreier Robins, both active in art and in social concerns. All three were active in the women's suffrage and rights movements.

http://www.variant.ndtilda.co.uk/14texts/William_Clark.html

http://etrc.lib.umn.edu/travbio.htm#dreier

http://askart.com/artist/D/katherine_sophie_dreier.asp

http://www.brickhaus.com/amoore/magazine/Davis.html

1884-Mississippi African-American Congressman John R. Lynch was

temporary chairman of the Republican National Convention, providing

over the meeting for a short period.

http://blackhistory.eb.com/micro/362/20.html

http://www.duboislc.org/BlackPerspective/BlackPerspectivePart9.html

http://www.goantiques.com/texis,john_lynch_autograph,3d09410a0.html

1909- Dr. Judith Kaplan Eisenstein birthday: U.S. author, musicologist, and composer. In 1922 Dr. Eisenstein was the first woman to have a bat mitzvah.

"No thunder sounded,"she said in 1992, recalling the ceremony. "No lightning struck." Allowing women the rite that had long marked the passage of Jewish males into religious adulthood proved to be the first of many changes broadening the role of women in Judaism. The changes now included their ordination as rabbis. She was the oldest daughter of Rabbi Mordecai Kaplan, the founder of the Reconstructionist branch of Judaism. Today the bat mitzvah ceremony (baR mitzvah is for boys) is an established practice within the Conservative, Reform and Reconstructionist branches of Judaism, and parallel celebrations are common in some quarters of Orthodox Judaism as well.From 1929 to 1954, Dr. Eisenstein taught music education and the history of Jewish music at Jewish Theological Seminary's Teacher's Institute, now known as the Albert A. List College of Jewish Studies in New York City. While there she published a Jewish songbook for children, Gateway to Jewish Song, which was followed by other books of Jewish music and musical history for young people. From 1942 to 1974, she wrote seven cantatas on Jewish themes, among them is the frequently performed, What Is Torah, which she wrote with her husband, Rabbi Ira Eisenstein. In 1959, at the age of 50, Dr. Eisenstein, who had earned a Master's degree in music education at Columbia University's Teachers College, began work for her Ph.D. at the School of Sacred Music of Hebrew Union college-Jewish Institute of Religion in New York. After receiving her degree, she taught there from 1966 to 1979, and also taught at the Reconstructionist Rabbinical College in Philadelphia.

ceremonies, like bar mitzvahs, were often overshadowed by lavish parties.

"Bat mitzvah began not just as a statement of feminism,"she said, "but as a statement of dedication to something larger than oneself."

http://www.rrc.edu/journal/recon62_1/eisenstein3.htm

1910-Great Idaho Fire destroys 3 million acres of timber

http://www.forestsoils.org/esc110/2001Spring/projects%20010501/028/Idaho.html

http://www.usatoday.com/weather/news/2000/wwsternfire823.htm

http://abcnews.go.com/sections/us/DailyNews/fires000820.html

http://www.nifc.gov/stats/historicalstats.html

1910-Bandleader/inventor, too, Raymond Scott Birthday http://www.raymondscott.com/

1913-the Lincoln Highway, a 3,300 mile highway stretching from New York

City to San Francisco, CA was opened, becoming the first coast-to-coast paved road. It was originally proposed by Carl Graham Fisher. The highway traversed 13 states—New York, New Jersey, Pennsylvania, Ohio, Indiana, Illinois, Iowa, Nebraska, Colorado, Wyoming, Utah, Nevada, and California ---and cost about $10 million. The first complete coast-to-coast run over the official route was made by Neil Patterson.

1924 -Leopold and Loeb found guilty of murder
http://www.suba.com/~scottn/explore/scrapbks/leo_loeb/ll_txt14.htm

http://www.suba.com/~scottn/explore/scrapbks/leo_loeb/ll_txt16.htm

http://www.spartacus.schoolnet.co.uk/USAleopold.htm

http://www.jurist.law.pitt.edu/trials5.htm

http://www.leopoldandloeb.com/

http://crimelibrary.com/loeb/loeb/loebmain.htm

http://store.aetv.com/html/catalog/vp01.jhtml

http://douglass.speech.nwu.edu/darr_b17.htm

http://www.suba.com/~scottn/explore/scrapbks/leo_loeb/ll_txt11.htm

http://www.law.umkc.edu/faculty/projects/ftrials/leoploeb/LEO_PHO2.HTM

1929-Birthday of golfer Arnold Palmer, Latrobe, PA.

1934-birthday of Roger Eugene Maris, Hibbin, MN. In 1961, Maris broke one of baseball’s sacred records, hitting 61 home runs to surpass the mark of 60 set by Babe Ruth in 1927. He won the American League MVP award in 1960 and in 1961 and finished his career with the St. Louis Cardinals. He died at Houston, TX, Dec 14, 1985.

1939-Charlie Barnet records “ The Duke’s Idea.” (Bluebird 10453)

1941-Woody Herman records “Blues in the Night” 1950 - Eddie Cantor moved from radio to TV, as he hosted the "Colgate Comedy Hour" on NBC.

1951 - Florence Chadwick of San Diego, CA, became the first American woman to swim the English Channel from both coasts.

1952---Top Hits

Auf Wiedersehn, Sweetheart - Vera Lynn

Walkin’ My Baby Back Home - Johnnie Ray

Wish You Were Here - Eddie Fisher

Jambalaya (On the Bayou) - Hank Williams

1954- Swanson sells its first "TV dinner,” turkey and gravy. Chicken

came a few years later; remember no microwave in the early days.1962 Swanson

stopped calling them TV dinners.

http://www.naplesnews.com/today/business/d248291a.htm

http://www.foodreference.com/html/arttvdinners.html

1954“Gunsmoke” premiered on TV. “Gunsmoke” was TV’s longest-r8unningwestern, moving from radio to TV. John Wayne turned down the roll of Marshall Dillon. James Whitmore was then chosen, but he declined, recommending his neighbor James Arness ( Whitmore lived across the street

from us and Arness a few blocks away---he drove my brother and I to high

school for several years in his station wagon on his way to work ). Other regulars

included Amanda Blake as Kitty Russell, saloon-owner, Dennis Weaver as Chester B. Goode, Dillon’s deputy and Milburn Stone as Doc Adams. In 1962 a fifth character was added---the “rugged male.” Burt Reynolds played Quint Asper, followed by Roger Eweing as Thad Greenwood, and Buck Taylor as Newly O’Brien. In 1964 Ken Curtis was added as funnyman Festus Haggen, the new deputy. “Gunsmoke” was incredibly popular, both as a half-hour and hour-long show, as the number-one rated series for four seasons , and top ten hit for six seasons. The last telecast was September 1, 1975.

1955 - Bert Parks began a 25-year career as host of the "Miss America Pageant" on NBC. The show became a TV tradition as Parks sang to the newly-crowned beauty queen, “There She is ... Miss America”. The song was composed by Bernie Wayne and was sung for the first time on this day. Sharon Kay Ritchie was the first Miss America to be honored with the song. When she married singer Don Cherry ("Band of Gold"), "There She Is" was part of the wedding ceremony.

1960---Top Hits

It’s Now or Never - Elvis Presley

The Twist - Chubby Checker

Volare - Bobby Rydell

Alabam - Cowboy Copas

1961 - Mickey Mantle tied a major-league baseball record for home runs by hammering his 400th career round-tripper.

1963-Twenty black students entered public schools in Alabama

http://www.stanford.edu/~tommyz/1960's/Birmingham.htm

1964 - Rod Stewart recorded his first tune, titled "Good Morning Little Schoolgirl", for Decca. It was not one of his more successful recordings.

1966-“Star Trek” premieres on TV. The first of 79 episodes of the TV series ‘Star Trek” was aired on the NBC network. Although the science fiction show set in the future only lasted a few seasons, it has remained enormously popular through syndication reruns. It has been given new life through six motion pictures, a cartoon TV series and the very popular TV series “Star Trek: The Next Generation” and “Star Trek: Deep Space Nine.” It has consistently ranked among the biggest titles in the motion picture, television, home video and licensing divisions of Paramount Pictures.

1966-“Tarzan” premieres on TV. This hour adventure series was based on Edgar Rice Burroughs’ character, who appeared for the first time on TV. Tarzan, an English lord who preferred the jungle, was played by Ron Ely. Manuel Padilla, Jr. was Jai, a jungle orphan, Alan Caillou was Jason Flood, Jai’s tutor and Rockne Tarkington was Rao, a veterinarian. There was no Jane.

1966- Beatles' "Revolver," album goes #1 & stays #1 for 6 weeks.

1966- “That Girl” premiered and it was a half-hour sitcom starring Marlo

Thomas as Ann Marie, an independent aspiring actress in New York City. Ted Bessell also starred as her boyfriend Don Hollinger. They were finally engaged in 1970. Also featured were Lew Parker, Rosemary De Camp and Bonnie Scott. Well-known performers who appeared on the show include Dabney Coleman,

George Carlin and Bernie Kopell.

1966-“ The Road Runner Show” premiered on TV. Meep! Meep! The Road Runner, a clever bird who always outwitted Wile E. Coyote and his Acme schemes, had his own cartoon series for three seasons. Other times, this character was on a show with Bugs Bunny called “ The Bugs Bunny/Road Runner Hour.”

1967-“Gentle Ben” premiere on TV. This show was about the adventures of a boy, Mark Wedloe (Clint Howard) and his pet bear, Ben. Also featured were Dennis Weaver as his father, Tom, a game warden. Beth Brickell as his mother Ellen, Jack Worley as Tom’s friend Spencer and Angelo Rutherford as his friend Willie. It was filmed on location in Florida.

1968---Top Hits

People Got to Be Free - The Rascals

Born to Be Wild - Steppenwolf

Light My Fire - Jose Feliciano

Mama Tried - Merle Haggard

1972 - Muhammad Ali defeated Ken Norton in a heavyweight boxing match and avenged a loss to Norton the previous March.

1972-The United States lost its first basketball game in Olympic history, snapping a streak going back to 1935, when the Soviet Union won the gold medal game at the Munich Summer Games, 51-50. The game was quite controversial. After the clock expired with the US ahead, International Amateur Basketball Federation officials intervened and required the referees to replay the last three seconds. This time, the Soviets scored to eke out the victory. US officials protest in vain. The American team refused to accept the silver medal.

1974 - Lou Brock of the St. Louis Cardinals broke Maury Wills’ 1962 major-league record for stolen bases in a season. ‘Lightning’ Lou stole his 105th base on his way to a career total of 938 stolen bases.

1976---Top Hits

You Should Be Dancing - Bee Gees

You’ll Never Find Another Love like Mine - Lou Rawls

Let ’Em In - Wings

(I’m A) Stand by My Woman Man - Ronnie Milsap

1984 - The Federal Communications Commission changed the rules. The FCC allowed broadcasters to own 12 AM and 12 FM radio stations. The previous limit was 7 of each.

1984---Top Hits

What’s Love Got to Do with It - Tina Turner

Missing You - John Waite

She Bop - Cyndi Lauper

Tennessee Homesick Blues - Dolly Parton

1988-Steffi Graf wins US Open, 1st woman Grand Slam since Court (1970)

1990 -19 year old Pete Sampras beats Andre Agassi to win the US Open

1990 -First time in NY Yankee history they are completely swept in a season series, Oakland A's beat them 12 games to 0
1990- Hard Rock Cafe opens in Las Vegas Nevada

1997- In a 7-6 loss to the Giants, Cardinal Mark McGwire becomes only the second player in major league history to hit 50 home runs in consecutive seasons. Babe Ruth accomplished the feat twice in 1920-21 and 1927-28 seasons.

[Headlines]