Wednesday, September 7, 2005

Headlines---

Classified Ads---Sales
    Key Closes Parsippany Office
        Auto Discount Programs Increase ABS Losses
Classified Ads---Help Wanted
    Madison Capital joins "Funder Only" List
"Sales Makes It Happen"
    ---Legacy of Top Gun
UAEL Lake Tahoe Conference Up-Date
    New Report: Equipment Leasing Economic Impact
        Hitatchi Capital America Corp. Hires Collison
News Briefs---
    You May Have Missed
        Sports Briefs---
California Nuts Brief---
    Gimme that Wine
        Today's Top Event in History
            Baseball Poem

######## surrounding the article denotes it is a "press release"

Classified Ads---Sales

Sales

Sales: Arizona/Southwest Leasing and Financial Services Professional. Over 12 yrs+ experience in commercial municipal and federal leasing. Vendor programs and direct lessor, including technology and project finance. email: leasingrel@yahoo.com	Sales: Bakersfield, CA. I have an extensive sales and management background in equipment leasing. My work history exhibits my major strength in small ticket equipment leasing. Email: pangress@msn.com
Sales: Bay Area, CA Over 20 years covering the middle market with long history of exceeding quota. Industries include manufacturing, technology, printing & medical. Direct funding source only. Brunski3@yahoo.com	Sales: Boston, MA. Middle market originator, construction/Trucks / Trailers w/ 8 years in territory, looking for company / bank with competitive products Email: mrichlease@comcast.net
Sales: Cedar Rapids, IA. Formally trained in Credit, Collections, & Sales with regional bank. Seeking sales or sales management. Over ten years in SM, vendor and end user. E mail: mjrprime@yahoo.com	Sales: Central, NC. 7 yrs.equip leasing &finance; specialist in heavy construction equip for 2-top-5-specialty finance/lease companies, NC &VA territories. $10-15MM annual funding. Downsized in 2002, now independent broker with varied customer base. Email: sunriseleasing@aol.com
Sales: Denver CO. Experienced Equipment Leasing Broker looking for a in house leasing company. Can bring a book of business with me or develop new territory where needed. Email: Steven@eagle2.net	Sales: Detroit MI Motivated self-starter w/5 yrs sales exp. IT leasing. Excellent communicator w/strong negotiation/biz dev. skills. Six-sigma certified w/ Fortune 50 company/book of business. Email: playmakers1@sbcglobal.net
Sales: East Central Florida 20+ years experience in all areas of leasing; sales, credit, operations, syndication. Currently independent seeking position with direct middle market lender in regional capacity email: southernleasing@bellsouth.net	Sales: Fresno CA. Account Exec/Manager. 7+ years Leasing Sales: underwriting/contract, complex transactions, hi-tech, government, direct & vendor leasing. Captive & syndicator environments. Expert deal closer. Will send resume. Email: dsp559@pacbell.net Resume
Sales: Grand Rapids, MI. 17 years sales/ sales management in Britain specializing in operating leasing/ Asset Management within middle ticket market. Credit/ documentation skills. Previous sales experience in Michigan. email: pauldear1@comcast.net Resume	Sales: Greensboro, N.C. Seeking direct & broker sales w/major finance companies in NC or southeast market. Small to mid-ticket range. Stable &family oriented. Will have series 6,63,65 license shortly. Email: kc1492@aol.com
Sales: Kansas City, MO. 20 years Senior Sales/Management experience in small ticket/government leasing. Program Management experience, managing 12 Reps. Credit Auth to $50K. Success in soliciting and maintaining accounts. Email: dhundley1@kc.rr.com	Sales: Los Angeles CA. 5 years experience structuring off-balance sheet finance solutions on computer and medical equipment. Perform detailed competitive analysis and market research. I uncover leads and sell. email: barretthawk@hotmail.com
Sales: Louisville, KY Sales: 20 yr. "go getter" machine tools/const. leasing/finance pro, establishing. vendor/mfg. programs in KY,TN,OH,IN, will travel 3/5 state area, wants stable company + salary/ com./benefits. Email: jim_jrd@msn.com Resume | Cover letter	Sales: Mission Viejo, CA Account Sales Executive with 10 years of leasing experience looking for company to bring existing customer base. Email: makelly21@hotmail.com
Sales: Montgomery, AL. Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama. Work with leasing company or broker.334-281-5200 E-mail: billmcneal2003@yahoo.com	Sales: Nashua, NH. 10+ years sales experience small & mid-ticket hi-tech & telecom in a captive and vendor environment. Seeking new sales opportunity in New England. E-mail: RPepa@aol.com
Sales: Philadelphia , PA Seeking an open opportunity to advance in the automotive, commercial leasing & finance industry......... Email: alexe362002@yahoo.com	Sales: Portland, OR. "Exp. In direct sales and sales mgmt. I love Portland, but decent here jobs are few. Willing to be re-located, would like to work for you. Email: pthygeson@netscape.net "
Sales: Prairie Village, KS Have substantial deal flow and database of broker referral sources. Generated and closed over $22M LY. Seeking exclusive relationship w/direct founder. Email: fiergl@aol.com	Sales: San Francisco Bay Area, CA 10+ yrs in middle market leasing. Seek direct lessor only. Transaction size from $500M to $10.0MM. Client base: printing, food, retail, manufacturing. Email: edm173@sbcglobal.net
Sales: San Francisco Bay Area, CA Rainmaker / Hunter: Currently employed Vendor Program Originator. Proficient with technology to yellow iron assets and complex program development. Extensive national Rolodex. Email: VdrPgmBizDev@aol.com	Sales: Seattle, WA Over 20 years experience in commercial lending, including sales, management, and credit. Seeking position with major finance company or commercial bank. Email: lc.saxguy@gte.net
Sales: SF Bay Area, CA. 15+ yrs--mid mkt. $500M to $10.0MM. Seeking role w/ captive or global leasing firm. large book to bring with me! Debt, tax, 1st amendment, etc. Email: lac4002@yahoo.com	Sales: Southern California Equipment Financing Professional with strong background in Sales, Management, Marketing & Operations. Will consider relocation for Senior Sales or Management position offering dynamic growth opportunity. Email: natsif@hotmail.com
Sales: South Central U.S. TX, OK, KS & AR Territory. Equipment finance and leasing professional, 20 years experience. Top producer in middle to upper middle markets. Extensive customer base. Email: usleasingrep@yahoo.com

For a full listing of all "job wanted" ads, please go to:

http://216.66.242.252/AL/LeasingNews/JobPostings.htm

To place a free "job wanted" ad, please go to:

http://216.66.242.252/AL/LeasingNews/PostingForm.asp

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Key Closes Parsippany Office

Key Equipment Finance closes the former American Express Business Finance business operation in Parsippany. Here is their memo to employees:

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Auto Discount Programs Increase ABS Losses

ABSnet

The extension of automaker employee discount programs to the wider public are indirectly causing loss severities to rise, and could lead to higher cumulative losses in auto asset-backed security deals. Loss severities have risen to 47% from 42% since June because the incentives are driving an increasing number of consumers to buy new cars over used ones, according to Chris Fenske, v.p. in ABS strategy at Credit Suisse First Boston. Loss severity measures the difference between a loan's current balance and the price it was resold at due to owner default.

And as consumers trade in their old cars when purchasing new ones, the pool of available used cars increases, also pushing down prices, he said. General Motors recently announced it was extending its employee discount incentive program through Sept. 30. Fenske declined to speculate how high losses could get.

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Classified Ads---Help Wanted

Account Executives

Account Executives Positions are available for remote Account Executives with 7+ yrs Equipment Leasing Sales exp.  Work directly with CFOs, CIOs, CEOs and other high-level executives. Please send resume indicating where you saw this ad to:  US_DFS_Staffing@dell.com. About the Company: At Dell Financial Services, we aspire to fuel your potential with the kind of challenging opportunities and hands-on support you need to grow. We're the exclusive provider of leasing and finance services for Dell technology systems worldwide.

www.dellfinancialservices.com

Lease Representatives

National Account Manager

National Program Skills

Vendor Relationship

Director, Vendor Relationship Development: Office Equipment Group. Accountable for originating/ maintaining volume from large Office Equipment dealers. Preferred locations - SW and Mid-Atlantic. Full descrip/to Apply, Click here GreatAmerica is a highly successful entrepreneurial company providing equipment financing to businesses across the United States.

www.greatamerica.com

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Madison Capital joins "Funder Only" List

A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen

(F) Madison Capital - Broker should be in business at least 2 years. Private Label program requires six months positive experience working with them; and only after the 6 month term we offer the brokers or discounter a contract that allows them to put their name on it, primarily for marketing purposes. We originate business through both direct sales and indirect sales. However, we offer broker protection and are extremely vigilant about it. One clarification. We do offer financing to restaurants, but not for their exhaust hoods, an item we are frequently asked about.

To view the complete list, please click here.

For full list, please go to:

http://www.leasingnews.org/Funders_Only/Funders.htm

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"Sales Makes It Happen"

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Caesar's South Lake Tahoe September 22-25, 2005

"Caesar's is reporting totally occupied for the dates of our conference. We have a few rooms left if you are told that there is no opportunity to book a room, please contact Kim at UAEL at Kim@uael.org or 760-564-2227. Also, for transportation concerns from Reno to South Lake Tahoe contact Kim at UAEL.

"We are looking forward to a fun and exciting conference at Caesar's."

Joe Woodley

(Note: For those who don't want to visit San Francisco, it may be easier to fly into Reno, Nevada, and take the hotel shuttle or airport shuttle, less than an hour. Rob Yohe.)

The Chairman for the conference is Randy Haugh from Lease Team, Inc. The event will take place at beautiful Lake Tahoe, Nevada. Our theme for this year is Peak Performance: Peers, Processes, Practices and Profitability. We have a great lineup of sessions, roundtables and panel discussions scheduled on interesting and diverse topics. We also have some good opportunities to network; Thursday night, welcome reception will take place on the deck of the Edgewood Country Club and the other of the events will also feature the exclusive buyout of the M.S. Dixie for the Saturday Sunset Dinner/Dance Cruise. We are very excited about about two of the speakers we have line up this year. Colonel Tom Schaefer was an Iranian hostage for 444 days in 1979-1980. We also have Mr. Joseph Lane, Chairman of the Equipment Leasing and Finance Fundation, addressing our industriy as our keynote speaker. Col. Tom Schaefer    Joseph C. Lane CEO of GE Technology Finance The view the complete brochure, click here. If you have not booked your room at Caesars Tahoe for the UEAL Fall Conference and Exposition please do so as soon as possible. Caesars Lake Tahoe offers unparalleled comfort, luxery and gaming excitement with the great outdoors. A 17-story Y shaped hotel tower with 440 guest rooms and 37 suites. Caesars elegant rooms are accentuated by their beautiful surroundings. Please call 1.775.588.3515 to make a reservation and don't forget to mention this is for UAEL block.

[headlines]

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

New Report on the Economic Impact of Equipment Leasing

Equipment Leasing Enables Billions in Real GDP,

Creates Millions of Jobs In Other Industries Annually

Arlington, VA - -The results of the The Economic Contribution of the Equipment Leasing Industry to the U.S. Economy study show that, annually, over the 1997-2004 period, the equipment leasing industry's effect on the economy:

---Produced at minimum $75 billion and as much as $315 billion additional real GDP.

----Produced at minimum $160 billion and as much as $240 billion additional real equipment investment.

----Created at minimum three million jobs, and as many as seven million additional jobs.

The study was conducted by Global Insight, a global economic and financial forecasting company, at the request of the Equipment Leasing Association (ELA) in June 2005 as a method to quantify the importance of equipment lease financing beyond its own marketplace.

The study uses econometric models that represent both full and restricted adjustment scenarios* in order to show the range of effects the potential absence of leasing would have on the economy: in effect the best/worst-case scenarios.

"The significance of Global Insight's findings is the tremendous impact equipment leasing has all along supply chains, not only within the equipment leasing industry," said Michael Fleming, who has led the association since 1979. "This report clearly shows that leasing doesn't operate in a vacuum. The effects of leasing's contributions are felt by manufacturers and suppliers of the equipment, and by downstream users who generate production with the equipment they acquire."

Supply Chains Affected

According to the study, leasing's fundamental contribution along equipment supply chains is demonstrated by the following factors:

Leasing, as a way of acquiring the use of equipment, cuts across goods-producing and services-producing industries in the U.S. economy.

Leasing is a crucial mechanism to acquire a variety of equipment types, especially high-technology equipment, which is vital to innovation and growth.

Leasing arrangements are used by all sizes of businesses, even though their capital requirements may differ.

If Leasing Were Unavailable

Of equal significance to equipment leasing's importance to the economy is the impact the unavailability of lease financing would cause. According to the study, an absence of leasing would result in the following (in addition to the previously noted permanent reduction in real GDP of $75 billion annually):

· An adverse affect on capital formation and substantially lower growth in equipment investment (a permanent reduction of $225 billion annually).

· An overall higher cost of capital, which would induce a substitution toward lower-cost, used equipment, thus lowering the value of the capital stock due to prolonging the economic life of capital equipment.

· An exclusion to businesses, especially smaller, new firms, since interest rates available to them would be higher than that of a prospective leasing company.

Fleming added, "Without the availability of leasing, investment in equipment, creation of jobs and growth in the economy would dramatically be impaired."

IT Equipment Needs Met By Leasing

Additionally, the Global Insight study shows that, of the total $225 billion impact on equipment investment, approximately one-half ($113 billion) is concentrated in information equipment, particularly computers. All capital goods equipment categories - aircraft, especially transportation and industrial equipment - account for most of the balance.

Utilizing its state-of-the-art macroeconomic and industry models, Global Insight was able to evaluate the economic contribution of equipment lease financing to the U.S. economy. A seven-year historical period was chosen as a sufficient period that would allow all of the dynamic effects in the economy to stabilize.

*In a full adjustment scenario, other substitutes are found for the absence of leasing to mitigate economic impacts. A partial adjustment scenario shows limited absorption by other industries when leasing is absent.

Full report located here:

http://leasingnews.org/PDF/ELAEconContrib05.pdf

About ELA

Organized in 1961, the Equipment Leasing Association (ELA) is the premier non-profit association representing companies involved in the dynamic equipment leasing and finance industry to the business community, government and media. As the voice of the leasing industry, ELA promotes the forecasted $248 billion industry as a major source of funds for capital investment in the United States and abroad. Headquartered in Arlington, Va., ELA has more than 750 member companies and a staff of 25 professionals. For more information on ELA, please visit www.ELAOnline.com.

About Global Insight

Global Insight, Inc. (http://www.globalinsight.com/) is a privately-held company formed to bring together the two most respected economic analysis, forecasting and financial information companies in the world, DRI and WEFA. Global Insight provides the most comprehensive economic coverage of countries, regions and industries available, using a unique combination of expertise, models, data and software within a common analytical framework to support planning and decision-making. Global Insight collects and delivers economic and financial information to clients and also provides a broad range of consulting capabilities. With its April 2003 acquisition of World Markets Research Centre, Global Insight also provides the world's first same-day analysis and risk assessment service covering 196 countries and 4 industries, providing insightful analysis of market conditions and key events around the world. The company has over 3,300 clients in industry, finance and government with revenues in excess of $70 million, over 600 employees and 23 offices in 12 countries covering North and South America, Europe, Africa, the Middle East and Asia.

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

Hitatchi Capital America Corp. Hires Collison

NORWALK, CT, - C. Ryan Collison joins Hitachi Capital America after twenty five years with General Electric Commercial Finance serving in many senior technology positions including Chief Technology Officer, GE Capital Vendor Financial Services and SVP, E-Business. He will be reporting to William H. Besgen, President & Chief Operating Officer.

Commenting on the hiring of Ryan, Besgen remarked "Ryan will be an excellent addition to Hitachi's senior management team bringing his many years of technology management; business development and strategic planning skills from GE Commercial to Hitachi. To be a world class provider of vendor financial services, we must have a customer focus and our back office and technology services must continue to be first class. Ryan will give us the leadership and experience to ensure that we continue to provide such service."

Ryan has a BA degree in Mathematics & Economics from Bates College in Lewiston, Maine and an MBA from Columbia University, New York, NY.

Hitachi Capital America Corp. is the wholly owned U.S. subsidiary of Hitachi Capital Corporation, Tokyo, Japan. The company specializes in the U.S. commercial equipment marketplace in financing vendors and dealers operating in the technology, automotive, construction, lift truck and medical industries.

CONTACT:

Carole Nelson for William H. Besgen
Hitachi Capital America Corp.
Phone Number: 203-956-3231
Fax Number: 203-956-3031
E-mail: cnelson@hitachicapitalamerica.com

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

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News Briefs----

BellSouth costs could exceed $1B

http://www.usatoday.com/money/industries/telecom/2005-09-06-bell-south-usat_x.htm

Owner-Operator Independent Truck Assoc. member hauls generators to disaster area

http://www.landlinemag.com/Special_Reports/2005/Katrina/090205_hurricane_trucker.htm

FEMA accused of flying evacuees to wrong Charleston

http://www.cnn.com/2005/US/09/06/katrina.charleston/index.html?section=cnn_latest

Michael Jackson Writes Song for Hurricane Relief

http://www.nytimes.com/reuters/arts/entertainment-jackson.html

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You May Have Missed

Choosing when to retire? 'Early' reviews options

http://www.usatoday.com/money/books/reviews/2005-09-05-retire-early_x.htm

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Sports Briefs----

Herrion had heart disease

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/09/07/HERRION.TMP

The glory years, not the last ones, are Rice's legacy

http://www.mercurynews.com/mld/mercurynews/sports/columnists/
mark_purdy/12570278.htm

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California News Briefs---

California Legislature Approves Gay Marriage

http://www.washingtonpost.com/wp-dyn/content/article/
2005/09/06/AR2005090602076.html

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"Gimme that Wine"

Napa Valley Growers optimistic about 2005 vintage

http://www.napanews.com/templates/index.cfm?template=story_full&id=
13AAF44C-C01E-42D9-AAB4-B2CC05AEF006

In New York wine country, a throng comes by for a tasting

http://www.newsday.com/news/local/wire/newyork/ny-bc-ny--crowdedwinetrails
0905sep05,0,1540893.story?coll=ny-region-apnewyork

Napa Valley Bottle etching artist's having a blast

http://www.sthelenastar.com/templates/index.cfm?template=story_full&id=
C804DC5A-00CD-43D5-A205-C22182C649FC

Cabernet the Corison way
Longtime Napa winemaker bucks trend of making higher-alcohol, blockbuster wines

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/09/01/WIGKREF54E1.DTL

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Today's Top Event in History

    1794-- Continental Congress opened with a prayer at Carpenters' Hall, Philadelphia, PA. The Reverend Jacob Duche, an Episcopalian minister, rector of the Christ Church, appeared in his canonicals, attended by his clerk. The morning service of the Episcopal Church was read, with the clerk making the responses. The Psalter for the seventh day of the month includes the 35th Psalm, wherein David prays for protection against his enemies: "Plead my cause, O Lord, with them that strive with me; fight against them that fight against me" The rector concluded with an appeal so heartfelt that Congress gave him a vote of thanks.

Contrary to popular belief that early Congress did not recite prayers before meetings, that "separation of church and state" prohibited it, is incorrect.

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Baseball Poem

Baseball Poems

# 1

by Brendan Awerbach

Baseball is a game, It has a Hall of Fame.
In Cooperstown, it's there, Getting in is so rare.

Baseball! Doubleday is the father of the game we know,
Or is it really so.
Playing in the late 1800's,
In front of crowds that were smaller then a hundred.
Baseball started in a very small way,
People needed to know how to play.

By the 1920's after the Black Sox scandal,
Baseball was changing and people started to get the handle.

The Yankees of the 30's and 40's started to create quite a sensation,
as baseball fever gripped the eastern part of the nation.

Ruth, Gehrig, Cobb, Johnson and Young all became the names of the day,
They would be the first to be in the Hall of Fame in a great way.

Baseball from the late 30's to the mid 40's took a back seat to the war,
but in the late 40's and 50's came back with roar.
A new generation of players were around,
Led by Feller, DiMaggio, Williams and Snyder, the stars seemed to abound.

The 60's and 70's gave us more greats,
Koufax, Yastremski, Mays, Aaron, Mantle and Maris,
Baseball was known and played from the US to Paris.

As we entered the 80' and 90's, more stars came around,
Griffey, Ripken, Mcquire, Jackson, Ryan and Smoltz ,
all are the players that will astound.

The Hall of Fame is where all the greats are enshrined,
To hear their stories and tales can take a lotta time.
To understand baseball is not very tough,
And if you love the game, you can never get enough.

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