http://two

Senior Management: Portfolio Management Consultant; 25+years experience in Collections, Customer Satisfaction, Asset Management, Recoveries, Continuous Process Improvement, Backend Revenue Generation, Cost per Collection Analysis. $5+Billion Portfolio expertise. email: efgefg@rogers.com

Senior Management: Baltimore, MD

25 year veteran of commercial and equipment leasing seeking a senior management position with leasing or asset based financing company in the southeast (Florida preferred)

email: kellogg_md@yahoo.com

Senior Management: Chicago, IL 15 yrs.of exp., w/global-vendor-programs; sales, marketing, business-development, P&L responsibilities. Seeking senior leadership-role w/captive lessor or global-leasing company. Will relocate for right opportunity. email:InternationallyAdept@hotmail.com

Senior Management: Long Island, NY

Degree Banking/Finance. 13 years leasing exp. Now prez young leasing company where promises were not met. Interested in joining established firm with future. Email:bob33483@yahoo.com

http://65.209.205.32/LeasingNews/JobPostings.htm

[Headlines]

Federal Reserve: Beige Book Report

Reports from the twelve Federal Reserve Districts suggested that the pace of economic activity continued to be lackluster during March and the first two weeks of April. Although Richmond observed continued modest growth, reports from Boston, Cleveland, Atlanta, St. Louis, Dallas, and San Francisco characterized economic conditions as still mixed or soft. Since the last Beige Book, New York, Philadelphia, Chicago, Minneapolis, and Kansas City noted that the recent pace of economic activity had been slower than reported earlier. The onset of the war with Iraq appeared to have some effect on sales and spending, although it is too early to ascertain the full effect of the war on both consumer and business confidence.

Reports on consumer spending were generally weak in March, but respondents attributed part of the weakness to poor weather and the onset of war. Contacts also cautioned that year-over-year comparisons of sales for March were difficult because Easter fell in late March last year but falls in the third week of April this year. Optimism remained that the retail environment would improve within the next six months.

Most Districts continued to report weakness in manufacturing, although some pockets of growth were noted in most of the reports. Businesses continued to report a cautious attitude toward spending, and commercial real estate was reported to still be in a slump. In contrast, homebuilding activity remained strong across all Districts. Mortgage lending, buoyed by refinancing activity, remained strong, and a few Districts noted some improvement in commercial loan demand. Agriculture conditions generally improved as rain and snow eased drought conditions in several Districts. Labor markets remained soft, but some Districts noted moderating layoffs or improvements in demand for temporary labor.

Consumer Spending

Overall consumer spending remained subdued in March. Although some of the weakness is attributable to Easter falling later this year, the onset of military action in Iraq and poor weather also had negative effects on March sales figures in most Districts. Atlanta and San Francisco, however, noted that March sales were "near year-ago levels" and "largely stable on net" respectively.

Although retail sales have been sluggish, most Districts indicated that their retailers were not concerned about inventory levels. Cleveland, Atlanta, and Chicago reported heavy discounting or increased promotional environments. The outlook among retailers in Boston, Philadelphia, Cleveland, and St. Louis suggested that at least a slight improvement in conditions would occur in these Districts before the close of 2003.

Reports regarding automobile sales in March were mixed: The Cleveland, Richmond, Chicago, St. Louis, Dallas, and San Francisco auto markets saw some rebound in March after slowing in February. Philadelphia, Atlanta, Minneapolis, and Kansas City, on the other hand, reported faltering auto sales in March, although Minneapolis and Kansas City saw some recovery in auto sales in early April in response to manufacturers' incentives.

Travel and tourism spending strengthened in the Richmond, Minneapolis, and Kansas City Districts, but slowed in the Chicago and San Francisco regions. San Francisco noted that international travel had weakened, due in part to the SARS outbreak in Asia. Dallas observed a decline in air travel due to the onset of the war and the SARS outbreak. Atlanta reported mixed conditions: Although international tourism fell in the District, the decline was offset by a successful spring break season.

Manufacturing

Nine of the twelve Districts reported slowing activity in manufacturing. New York and Dallas reported mixed conditions, and Cleveland reported flat or slightly improving conditions. In general, contacts reported lower levels of production, sales, and new orders.

Still, pockets of improvement in the industry were noted by more than half the Districts in this report. In Boston, companies producing hardware, semiconductors, and machine tools reported an increase in business activity, as did nondurable goods producers in the Cleveland District. Atlanta's defense-related manufacturers reported improving conditions, and the hiring of temporary workers in manufacturing rose slightly. In the St. Louis District, some auto parts producers were planning to expand their facilities. The energy-related sector in Dallas observed strong growth since the last report. Despite declining conditions at the time of the survey, manufacturers in the New York and Philadelphia Districts seemed optimistic that activity would improve somewhat within the next six months.

Construction and Real Estate

Residential activity remained strong while commercial building activity continued to be characterized as sluggish. Most Districts reported high levels of residential building activity and sales. Still, some homebuilders suggested that there was a slight softening in their markets: In the Boston District, sales were being limited by supply, and in New York and Atlanta, demand for higher-end homes had eased.

On the commercial side, weakness in construction activity persisted as none of the Districts reported solid improvements in the industry. Office vacancy rates continued to climb in the New York, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco Districts, and some Districts reported falling rental prices.

Banking and Finance

Home lending activity, fueled mainly by refinancing, remained strong across all Districts, but the Chicago District noted some slowing in mortgage activity. Consumer and commercial lending was generally flat, although some bankers in the Cleveland, Chicago, St. Louis, and San Francisco Districts saw slight increases in commercial loan demand. Several Districts reported growth in deposits, but New York reported a decline. Richmond noted a decline in consumer credit demand as clients were paying down their debts.

Agriculture

Recent precipitation has helped to allay fears of continued drought in the Richmond, Chicago, Kansas City, and Dallas Districts. Farmers in the Kansas City District expected to strengthen their balance sheets if relief from drought conditions continues. Various Districts reported stable or rising commodity prices for items such as sugar cane, vegetables, cattle, cotton, tree fruits, and nuts, but prices for milk remained low. The Atlanta and Chicago Districts reported that higher energy prices have resulted in higher market prices for farming inputs, but in Chicago it did not appear to have a large effect because most farmers had negotiated contracts when input prices were lower.

Labor Markets

Most District reports indicated continued weakness in labor markets, as several Districts noted substantial layoffs in March and early April. Still, some hints of improvement had emerged: Both Cleveland and Kansas City reported fewer plans for staff reductions, while New York, Atlanta, and Dallas reported stronger demand for temporary workers. Several Districts reported a lack of upward pressure on wages, but firms continued to note substantial increases in the costs of health care and insurance.

Prices

Many Districts reported price pressures in specific segments of their economies, and no reports of widespread inflationary pressures were mentioned. In general, energy-related inputs in manufacturing saw substantial price increases in March and early April, but most manufacturers held the prices of their goods steady. Retailers noted heavy discounting and promotions, with notable drops in apparel and electronics prices.

[Headlines]

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

MB Financial, Inc. Reports Record Quarterly Earnings in First Quarter of 2003

(LaSalle Equipment Leasing)

CHICAGO----MB Financial, Inc. (NASDAQ:MBFI) (the Company), the holding company for MB Financial Bank, N.A., Union Bank, N.A. and Abrams Centre National Bank (collectively, the Banks), announced today first quarter results for 2003. The Company had net income of $12.4 million for the first quarter of 2003 compared to $10.3 million for the first quarter of 2002, an increase of 19.9%. Fully diluted earnings per share for the first quarter of 2003 increased 17.2% to $0.68 compared to $0.58 per share in the first quarter of 2002.

Mitchell Feiger, President and Chief Executive Officer of MBFI said, "The Company continues to produce a healthy stream of earnings during a difficult economic period. We are extremely pleased with our performance for the first quarter of 2003.

On February 7, 2003, the Company acquired South Holland Bancorp, Inc., (South Holland) parent company of South Holland Trust & Savings Bank, for $93.1 million in cash. This acquisition generated approximately $28.6 million in goodwill and $5.9 million in other intangibles."

RESULTS OF OPERATIONS

The Company had net income of $12.4 million for the first quarter of 2003 compared to $10.3 million for the first quarter of 2002. Net interest income, the largest component of net income, was $33.8 million for the three months ended March 31, 2003, an increase of $2.6 million, or 8.4% from $31.2 million for the first quarter of 2002. Net interest income grew primarily due to a $514.1 million, or 16.3% increase in average interest earning assets, which offset a 28 basis point decline in the net interest margin, expressed on a fully tax equivalent basis, to 3.79%. The increase in average earning assets was primarily due to the acquisition of the First National Bank of Lincolnwood (Lincolnwood) in the second quarter of 2002, South Holland in the first quarter of 2003, and growth of the Company's commercial lending business. The provision for loan losses totaled $2.7 million and $3.4 million for the three months ended March 31, 2003 and 2002, respectively.

Other income increased $6.2 million, or 73.5% to $14.5 million for the quarter ended March 31, 2003 from $8.3 million for the first quarter of 2002. Net lease financing increased by $2.5 million, primarily due to $1.8 million in additional revenues resulting from the acquisition of LaSalle Systems Leasing, Inc. (LaSalle) in the third quarter of 2002. Deposit service fees, trust and brokerage fees, and other operating income grew $1.5 million, $1.2 million, $1.0 million, respectively.

Other expense increased by $6.2 million, or 29.4% to $27.3 million for the three months ended March 31, 2003 from $21.1 million for the three months ended March 31, 2002. Salaries and employee benefits increased by $3.5 million due to the South Holland, Lincolnwood and LaSalle acquisitions and the Company's continued investment in personnel. Other operating expenses, occupancy and equipment expense, and computer services expense increased by $1.5 million, $838 thousand, and $458 thousand, respectively.

OTHER INCOME

Other income increased $6.2 million, or 73.5% to $14.5 million for the quarter ended March 31, 2003 from $8.3 million for the first quarter of 2002. Net lease financing increased by $2.5 million, primarily due to $1.8 million in additional revenues generated as a result of the LaSalle acquisition. Deposit service fees increased by $1.5 million, or 61.3%, due to increases in NSF and overdraft fees and monthly service charges of $923 thousand and $496 thousand, respectively, resulting from volume increases associated with the Lincolnwood and South Holland acquisitions, as well as the introduction of a new courtesy overdraft program and free checking product. Trust and brokerage fees increased by $1.2 million primarily due to $953 thousand in additional revenues generated by South Holland's wholly owned full service broker/dealer, Vision Investment Services, Inc. (Vision), and $427 thousand generated by South Holland's trust department. Other operating income increased by $1.0 million due to increases in miscellaneous customer service fees, gains on sale of loans and ATM fees of $596 thousand, $452 thousand and $325 thousand, respectively, which were partially offset by a $423 thousand decline in gain on sale of other real estate.

OTHER EXPENSE

Other expense increased by $6.2 million to $27.3 million for the three months ended March 31, 2003 from $21.1 million for the three months ended March 31, 2002. Salaries and employee benefits increased by $3.5 million due to the South Holland, Lincolnwood and LaSalle acquisitions and the Company's continued investment in personnel. Other operating expenses increased by $1.5 million, due primarily to $530 thousand in cost of investment sales excluding salaries and employee benefits incurred by Vision and a $357 thousand loss on sale of fixed assets in the 2003 quarter, as well as increases in telephone expense, ATM expense and insurance expense of $228 thousand, $184 thousand and $120 thousand, respectively. Occupancy and equipment expense and computer services expense increased by $838 thousand and $458 thousand, respectively, due to additional locations and customer accounts acquired in the South Holland, Lincolnwood and LaSalle acquisitions.

The efficiency ratio increased to 55.94% for three months ended March 31, 2003 from 53.45% for the quarter ended December 31, 2002. The increase is primarily due to the acquisition of South Holland and its broker/dealer subsidiary, Vision, which operates at a low gross margin. Most cost savings relating to the acquisition of South Holland are expected to be realized in the third quarter of 2003 since the integration of South Holland's computer systems with those of MB Financial Bank is expected to be completed in the second quarter of 2003. After this integration has been completed, South Holland will be merged into MB Financial Bank.

INCOME TAXES

Income tax expense for the three months ended March 31, 2003 increased $1.1 million to $5.8 million compared to $4.7 million for the same period in 2002. The effective tax rate was 32.1% and 31.2% for the three months ended March 31, 2003 and 2002, respectively.

BALANCE SHEET

Total assets increased $483.6 million, or 12.9% to $4.2 billion at March 31, 2003 from $3.8 billion at December 31, 2002. Net loans increased by $266.1 million, or 10.8% largely due to the acquisition of South Holland, which had net loans of $262.8 million at the date of acquisition. Investment securities available for sale increased by $121.8 million, or 13.6% primarily due to the acquisition of South Holland, which had investment securities available for sale of $179.0 million at the acquisition date. Goodwill increased by $28.6 million due to goodwill generated in the South Holland acquisition.

Total liabilities increased by $475.0 million, or 13.9% to $3.9 billion at March 31, 2003 from $3.4 billion at December 31, 2002. Total deposits grew by $432.0 million, or 14.3% largely due to $453.1 million in deposits acquired through the acquisition of South Holland. Short-term borrowings increased by $28.9 million, or 13.0% due to increases in FHLB advances, revolving line of credit, and securities sold under agreement to repurchase of $50.0 million, $20.0 million and $18.8 million, which were partially offset by a $59.9 million decline in federal funds purchased.

Total stockholders' equity increased $8.5 million, or 2.5% to $351.7 million at March 31, 2003 compared to $343.2 million at December 31, 2002. The first quarter growth was due to net income of $12.4 million and partially offset by $2.7 million, or $0.15 per share cash dividends and a $589 thousand decline in accumulated other comprehensive income.

At March 31, 2003, the Company's total risk-based capital ratio was 12.39%, Tier 1 capital to risk-weighted assets ratio was 10.59% and Tier 1 capital to average asset ratio was 8.59%. The Banks were each categorized as "Well-Capitalized" under Federal Deposit Insurance Corporation regulations at March 31, 2003.

At March 31, 2003, the Company's book value per share was $19.86.

CONTACT:

MB Financial, Inc.

Jill York, 773/645-7866

jyork@mbfinancial.com

[Headlines]

#### press release ############################################

NetBank, Inc. Reports $0.22 EPS for First Quarter 2003; Dividend of $0.02 per Share Declared for Shareholders of Record on April 30, 2003

( comments on Commercial Money Market $83.8 Million Non-performing loans exposure;

no mention of Republic Leasing of South Carolina)

ATLANTA----NetBank, Inc. (Nasdaq:NTBK), parent company of the country's first commercially successful Internet bank, NetBank(R) (www.netbank.com), today released financial and operational results for the first quarter of 2003.

The company reported net income of $10.7 million or $.22 per share for the first quarter of 2003, compared with a net loss of $5.6 million or $.19 per share in the same period a year ago. The first quarter 2002 results included transaction and balance sheet restructuring charges of $13.8 million on a pre-tax basis (or $.30 per share) related to the acquisition of Resource Bancshares Mortgage Group, Inc., which closed on March 31, 2002. Based on the company's strong financial performance during the first quarter, the board of directors approved a dividend of $.02 per share to shareholders of record on April 30, 2003. The dividend will be disbursed on June 15, 2003.

Additional highlights of the quarter include:

-- An increase of approximately 10,000 customers at the bank,

compared with growth of approximately 2,300 customers during

the fourth quarter of 2002;

-- Total deposits of $2.3 billion, representing an increase of

$234 million or 46% on an annualized basis from December 31,

2002;

-- Quarterly mortgage production of $4.4 billion, compared with

the company's record-setting performance of $4.7 billion in

production last quarter; and

-- An annualized balance sheet turn of 4.5 times based on loan

and servicing rights sales into the secondary market of $4.2

billion, which were close to the record sales of $4.4 billion

recorded during fourth quarter 2002.

Management Commentary

"We are very pleased with our performance during the quarter," said Douglas K. Freeman, chairman and chief executive officer. "In our ongoing effort to create long-term shareholder value, we leveraged the continued strength of our mortgage operations to invest in some key initiatives at the bank. Select adjustable rate mortgages and other loans originated through our mortgage channels were added to the bank's portfolio instead of being sold into the capital markets. Through this initiative and others, such as the bank's new indirect auto lending division, we are working hard to improve profitability in the retail banking channel."

"Agency production had another strong quarter, while performance in our other business segments was in line with our expectations," said Steven F. Herbert, chief finance executive. "As anticipated, two items in particular had an impact on our earnings this quarter. We increased our loan loss reserve at the bank in connection with our decision to hold certain ARM and other mortgage loans for investment. These loans will help to increase margin at the bank over the coming quarters. We also experienced high amortization and impairment charges in our servicing unit. These charges relate to heightened pre-payment speeds caused by the current low interest rate environment. We continue to grow the servicing portfolio and believe it will act as a natural hedge against earnings volatility when origination volumes begin to decline. The current level of impairment charges should lessen or reverse in a rising interest rate environment."

"Operationally, we had a number of tactical successes during the quarter that will help us reinforce NetBank's position as the country's leading Internet bank," Freeman concluded. "Since the beginning of the year, we have launched an online offering through our NetInsurance affiliate and a pilot of our new small business banking program. The small business program incorporates the new state-of-the-art bank platform that we plan to roll out along with a redesigned public Web site in the coming months."

Noteworthy Transactions

Management elected to sell certain securities held at the bank during the first quarter. The sale resulted in gains of $6.3 million. These gains were used in turn to offset pre-payment penalties of $6.0 million on some of the bank's higher-rate, term advances from the Federal Home Loan Bank. The early retirement of this debt will lead to significant cost savings for the company going forward.

The company repurchased 731,000 shares of its outstanding common stock during the quarter. The shares were bought at an average price of $10.46 as part of the company's proactive capital management program. An additional 1.9 million shares remain available for repurchase under authorizations previously approved by the board of directors. The company will continue to buy back shares periodically in the public market or through private transactions.

Retail Bank Operations

Table 1 provides an overview of quarterly performance of the company's retail bank operations. Earning assets increased to $3.2 billion, representing an increase of $262 million or 9% from fourth quarter 2002. The increase relates to the company's strategy of retaining adjustable rate mortgages and select loans originated through its mortgage operations. As a result of the additional assets, net interest income rose to $8.1 million, representing an increase of $934 thousand or 13% from last quarter. The bank incurred expenses during the first quarter connected to the development and implementation of its new small business banking program and indirect auto lending division. The initiation of these new services primarily accounts for the increase in expenses of $1.4 million from fourth quarter 2002.

Approximately 10,000 customers were added. Customers totaled 162,358 at March 31, 2003, compared with 152,560 at December 31, 2002. The bank began to pursue its cross-selling strategy of marketing deposit products to select loan customers who match its core customer demographic profile. Of the 10,000 customers added, two-thirds of the total represent core deposit customers acquired through external marketing channels. One-third is comprised of loan customers acquired through one of the bank's mortgage operations. The bank is now focused on marketing deposit products to these customers.

Retail bank deposits rose to $2.3 billion at the end of the quarter, compared with $2.1 billion at the end of fourth quarter 2002. The overall average account balance totaled $9,854, representing an increase of $817 or 9% from last quarter. Average checking and money market account balances rose by 10% and 15% respectively, while average CD balances decreased slightly by 3%.

The bank's performance continues to be adversely affected by the leases originated by Commercial Money Center, Inc. (CMC) that the bank purchased. Income from these leases remains on non-accrual status pending a resolution of the litigation against the three insurance companies that issued surety bonds or insurance policies guaranteeing payment on the leases - Illinois Union Insurance Company, an affiliate of ACE INA Group (NYSE:ACE), Royal Indemnity Company, an affiliate of Royal and Sun Alliance Group (NYSE:RSA), and Safeco Insurance Company, an affiliate of Safeco (Nasdaq:SAFC). As reported previously, the company's suit has been consolidated into a multi district litigation with other CMC investors against the three surety companies and two others, American Motorists Insurance Company, an affiliate of Kemper Insurance Companies; and RLI Insurance Company, an affiliate of RLI Corporation (NYSE:RLI). The collective potential exposure of the sureties in this case is estimated at approximately $350 million, excluding the investors' claims for consequential damages, punitive damages and legal fees.

The judge assigned to the case for pre-trial purposes is currently considering whether the investors in the CMC leases are entitled to judgment on the pleadings as a matter of law. This ruling is expected within the next several weeks. Including legal fees and the non-accrual status of the leases, the company estimates that CMC litigation impacted earnings negatively by $1.0 million, after tax, or

$.02 per share, during the first quarter.

Mortgage Banking Operations

The company's mortgage banking operations continue to benefit from the current low interest rate environment. Production for the quarter was $4.4 billion while sales totaled $4.1 billion. First quarter production was comprised of 56% refinance business and 44% purchase business. The Mortgage Bankers Association of America currently estimates that the industry average for first quarter production was 71% refinance and 29% purchase. The relative balance in the company's mix is the result of the introduction of alternate mortgage products in its third-party lending channels and ongoing effort to expand its own retail market share. Pipeline volumes at March 31, 2003, were $4.7 billion compared with $3.4 billion at December 31, 2002.

Table 2 provides an overview of quarterly performance of the company's prime and conforming mortgage operations. Production totaled $3.9 billion, compared with $4.2 billion in fourth quarter 2002. Sales were $3.7 billion, compared with $3.9 billion in the preceding quarter. The margin on sales remained strong at 139 basis points (bps), down slightly from 141 bps last quarter. With the high production volumes, the company continues to leverage fixed costs effectively. Total production expenses were 63 bps, compared with 65 bps during fourth quarter 2002.

Company's loan servicing operation. Servicing revenue totaled $8.2 million, an increase of $1.1 million from fourth quarter 2002. The increase correlates with the higher number of loans serviced this quarter. The servicing portfolio grew to $12.0 billion at March 31, 2003, compared with $11.2 billion at December 31, 2002. The unpaid principal balance underlying mortgage servicing rights increased from $7.0 billion last quarter to $8.1 billion this quarter as the company continues to retain a portion of conventional loan servicing that it generates. Net hedge results represented a loss of $3.0 million, compared with a loss of $5.1 million during the fourth quarter. Net hedge results continue to be adversely affected by actual and forecasted prepayment speeds.

CONTACT:

NetBank, Inc.

Matthew Shepherd, 678/942-2683

mshepherd@netbank.com

[Headlines]

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

CFNB Reports Lower Third Quarter Earnings

(equipment leasing down considerably)

SANTA ANA, Calif.----California First National Bancorp (Nasdaq:CFNB) (CalFirst Bancorp) today announced net earnings of $2.3 million for the third quarter ended March 31, 2003, a 41% decrease from net earnings of $3.9 million for the third quarter of fiscal 2002.

Diluted earnings per share for the third quarter decreased 38% to $0.21 per share, compared with $0.34 per share for the third quarter of the prior year. For the nine months ended March 31, 2003, net earnings decreased 21% to $8.2 million, compared with $10.4 million for the first nine months of fiscal 2002. Earnings per share were $0.73 for the first nine months of fiscal 2003, down 20% from $0.91 per share reported for the same period of fiscal 2002.

For the third quarter ended March 31, 2003, net direct finance and interest income increased 63% to $5.1 million, compared with $3.1 million for the third quarter of fiscal 2002. This improvement is primarily due to a significant decrease in the provision for lease losses, as the volume of problem leases remained relatively unchanged over the period.

Total direct finance and interest income increased 12% when compared with the third quarter of fiscal 2002, reflecting higher direct finance income earned from a larger investment in capital leases. Other income decreased 52% to $3.2 million, compared with $6.8 million during the third quarter of fiscal 2002. The decrease reflects a significant decrease in the gain on sales of leased property and in sales-type lease income.

As a result of the foregoing, gross profit of $8.4 million for the third quarter of fiscal 2003 decreased 16% from $9.9 million reported for the third quarter of the prior year.

For the nine months ending March 31, 2003, net direct finance and interest income increased 45% to $14.9 million, compared with $10.3 million for the first nine months of fiscal 2002. The increase reflects a significant decrease in the provision for lease losses, again reflecting the stable portfolio performance since the beginning of the year.

Total direct finance and interest income increased 7% as a result of higher direct finance income earned from a larger investment in capital leases. Other income decreased 37% to $11.3 million, compared with $17.7 million during the first nine months of fiscal 2002, and largely reflected a significant decrease in the gain on sale of leased property. Gross profit of $26.2 million for the first nine months of fiscal 2003 decreased 7% from $28.0 million reported for the same period of the prior year.

During the third quarter, CalFirst Bancorp's selling, general and administrative ("S,G&A") expenses increased by 26% to $4.6 million, compared with $3.7 million during the third quarter of fiscal 2002. For the first nine months, S,G&A expenses were up 16% to $12.8 million compared with $11.1 million reported for the first nine months of the prior year. The increase in S,G&A expenses for both periods is due to higher costs related to an expansion of the sales organization, which has almost doubled over the past nine months.

Commenting on the results, Patrick E. Paddon, President and Chief Executive Officer, indicated that: "CalFirst Bancorp's results for the third quarter and first nine months continue to reflect the expense of expanding our sales organization at a time when the economic and credit environment are not supporting growth in our lease business.

"At the same time, income from sales of leased property and lease extension revenue are down significantly, reflecting our forecasted decrease in volume of leases reaching their end of term during fiscal 2003. As previously disclosed, the volume of leases reaching their end of term during fiscal 2003 is substantially lower than last year.

"Accordingly, we continue to expect that the company's income from lease renewals and sales of leased property during the fourth quarter of fiscal 2003 will be lower than the same period of last year. Moreover, SG&A expenses are expected to continue around current levels. Offsetting these negative factors, finance income from the lease portfolio has increased each quarter during fiscal 2003, and the volume of new leases booked during the first nine months increased by 25% when compared to the first nine months of last year.

"As a result, CalFirst Bancorp's total investment in capital leases is up 19% from the level at June 30, 2002. During the third quarter ended March 31, 2003, CalFirst Bank again recorded a small profit, although it did incur a loss for the first nine months of fiscal 2003."

California First National Bancorp is a bank holding company with leasing and bank operations based in Orange County, Calif. California First Leasing Corp. leases and finances computer networks and other high technology assets through a centralized marketing program designed to offer cost-effective leasing alternatives.

California First National Bank ("CalFirst Bank") is a FDIC-insured national bank that gathers deposits using telephone, the Internet, and direct mail from a centralized location, and will lease capital assets to businesses and organizations and provide business loans to fund the purchase of assets leased by third parties.

California First National Bancorp

S. Leslie Jewett, 949/255-0500

E-mail: ljewett@calfirstbancorp.com

SOURCE: California First National Bancorp

[Headlines]

### press release #############################################

Specialized Leasing Inc. Announces New Management Team and New Web Site

TUCSON, Ariz.--( --Specialized Leasing Inc. (OTCBB:SPLZ) announced today its new management team, Franklin R. Scivally, C.E.O. and director and Jason J. Rite, C.F.O. and secretary/director.

Both Scivally and Rite were appointed in January of this year.

"We are pleased to announce that we are implementing Specialized Leasing's plan of operations with a focus on the latest computing technology and wireless communications systems," said Scivally. "We have launched a new Web site at www.specializedleasing.com, to emphasize what we feel to be our new corporate image, and have employed the investor relations firm of CNS Enterprises to assist us."

About the New Management Team

Franklin R. Scivally has served as president of ComputerXpress from 1999 through 2002. He has built, repaired and managed computer systems as the owner of the ComputerXpress affiliated location in Tucson, Arizona since 1997, and took the company public in 1999. From 1992 through 1997 he was employed by Questech Inc., and from November 1971 through December 1991 he was a commissioned officer in the United States Air Force, in various positions, including Chief, Quality Assurance Division of the Tomahawk Cruise Missile Wing, Maintenance Control Officer, Minuteman & Ground, launch Cruise Missile Launch Officer, Minuteman Weapon System Launch Analyst, Chief, Maintenance Control, assignment through the Air Force Institute of Technology to Hughes Aircraft Company, and Manufacturing Manager for the MILSTAR program. He holds a master of arts/management & supervision from Central Michigan University, 1983; a bachelor of science/business management, 1980 from the University of LaVerne; and an associate of arts/electronics, 1978 from Alan Hancock College.

Jason J. Rite has over 30 years of senior experience as a business consultant, entrepreneur and security technology manager. He has implemented an effective strategic infrastructure, assisting start-ups and integrating companies in their overall development in the marketing, operations, and security management fields. Rite has also held positions as director of operations for construction development firms. Having an extensive education in business and police science he accomplished a successful career as an officer with the Royal Canadian Mounted Police.

About Specialized Leasing

Specialized Leasing Inc. is engaged in the business of leasing computer systems and accessories to professionals, with an emphasis on the real estate, medical and legal industries. The business strategy of Specialized is to support the legal, medical and real estate professional with high quality computer hardware and software to satisfy all of the professional's computing needs, including on-site maintenance, training and updating of hardware and software, thus taking the burden of selection, repair, upgrading and maintenance away from the professional and his or her staff. For more information on Specialized Leasing's business, visit their Web site at www.specializedleasing.com.

This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Specialized Leasing Inc. and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

CONTACT:

CNS Enterprises

Andy Cambridge, 813/287-9135 (Investor Relations)

SOURCE: Specialized Leasing Inc.

[Headlines]

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

Mitcham Industries Reports 4th Q Leasing Loss $2.9M

HUNTSVILLE, Texas--3--Mitcham Industries Inc. (Nasdaq:MIND) reports revenue of $5.7 million for its fourth quarter ended Jan. 31, 2003, as compared to revenue of $4.4 million for last year's fourth quarter.

The Company recorded a net loss of $2.9 million, or $(0.34) per diluted share, for the quarter as compared to a quarterly loss in the prior fiscal year of $9.2 million, or $(1.05) per diluted share. The prior year's quarterly results reflected a $4.9 million receivable write off and a $4.7 million valuation allowance recorded against the Company's deferred tax asset.

Equipment leasing and sales revenue for the quarter was $3.4 million as compared to $4.4 million in the prior year quarter. Front-end services revenue was $2.3 million. The Company entered the front-end services business during the fiscal year so there is no comparable revenue in the previous year.

"Equipment leasing and sales revenue were affected by the slow start to the Canadian winter season," said Billy F. Mitcham, Jr., president and CEO. "Some of that activity will shift into our first quarter, but overall the Canadian season was flat. Front-end services revenue increased sequentially from the third quarter in spite of significant weather-related operational delays which depressed operating margins. We expect front-end services revenue and margins will improve as we move into more stable seasonal weather patterns." Mr. Mitcham also stated, "We will continue our efforts to establish short-term leasing markets in areas that are presently underserved. Our acquisition of Seismic Asia Pacific Pty Ltd. last December is the first example of that effort."

For fiscal 2003, the Company recorded revenue of $19.2 million, down 30% from $27.2 million in the prior year. The decline in year-over-year revenue continues to reflect limited investments in exploration activities by the oil and gas industry as well as substantial price pressures stemming from seismic industry overcapacity and consolidation. As geopolitical and economic uncertainties intensified during the year, many investment decisions by the oil and gas industry were delayed, resulting in the weakest seismic equipment market in recent years. For the year ended Jan. 31, 2003, the Company recorded a net loss of $10.1 million, or $(1.15) per diluted share, versus a loss of $8.5 million, or $(0.95) per diluted share, in the prior year.

ONTACT:

Mitcham Industries, Huntsville

P. Blake Dupuis, 936/291-2277

SOURCE: Mitcham Industries

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PACCAR Announces Strong First Quarter 2003 Results

BELLEVUE, Wash--"PACCAR Inc (Nasdaq:PCAR) reported excellent results for the first quarter of 2003," said Mark C. Pigott, chairman and chief executive officer.

First quarter net sales and financial services revenues were $1.9 billion, an increase of 28 percent from the first quarter of last year. Net income of $110.8 million ($.95 per share diluted) increased 135 percent compared to the $47.2 million ($.41 per share diluted) earned in the first quarter of 2002. PACCAR began expensing stock options in the first quarter of 2003.

"PACCAR's balanced global diversification contributed to the outstanding financial results," noted Pigott. "PACCAR enhanced its strong financial position by delivering high-quality products and maintaining a sharp focus on cost controls."

PACCAR further strengthened the excellent customer support delivered by its extensive dealer network and aftermarket programs by launching the Electronic Dealership. "The Electronic Dealership showcases current and future technology available to the dealer network. PACCAR has an outstanding dealer network worldwide and this technology investment will enable the 1,800 dealer service locations to increase their profitability and customer satisfaction," reported Pigott. "The Electronic Dealership allows PACCAR to develop and display dealer electronic tools in a hands-on environment, which will enhance the dealers' ability to manage their inventory and provide superior parts and service to their customers."

Global Truck Market Update

"North American industry heavy-duty truck orders were 32 percent lower in the first quarter compared to first quarter 2002. However, it is anticipated that 2003 industry truck sales will be comparable to last year. Even though freight ton miles have improved slightly, the North American industry truck market continues to be challenging," stated David Hovind, vice chairman. "European industry truck sales are expected to be 5-10 percent lower than last year. DAF has increased its market share for Class 8 trucks, as its new XF model complements the successful CF and LF vehicles in providing the highest-quality products in the market."

Financial Services Profit Improves

PACCAR's Financial Services segment represents a portfolio of more than 115,000 trucks and trailers, with total assets of over $5.2 billion. Included in this segment is PACCAR Leasing, a major full-service truck leasing company in North America, with a portfolio of more than 15,500 vehicles.

First quarter revenues were $114 million compared to $105 million in the same quarter of 2002. Pretax income of $26.7 million increased 175 percent versus the $9.7 million earned in the first quarter 2002 due to higher asset levels and lower credit losses. "PACCAR Financial Services companies continue to profitably support the sale of PACCAR's trucks worldwide with innovative financing products," said Mike Tembreull, vice chairman. "PACCAR Financial Europe (PFE) has grown to over $900 million in assets. PFE is profitably increasing its financing share of DAF and Foden truck sales."

PACCAR Winch, the largest industrial winch manufacturer in the world, had earnings comparable to first quarter last year.

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality, light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Washington-based company manufactures winches under the Braden, Gearmatic and Carco nameplates.

CONTACT:

PACCAR

Andy Wold, 425/468-7676

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Fujitsu Announces Complete Leasing Solutions for Optimal Return on Investment

North American Unit to Help Fujitsu Customers Align Business Objectives

With Financial Goals through Flexible IT Acquisition Options

SUNNYVALE, Calif.-- Fujitsu Technology Solutions, Inc. ("Fujitsu"), a member of the worldwide group of Fujitsu companies, today announced a complete set of leasing and financing solutions to help companies facilitate the procurement of Fujitsu products and services through flexible payment terms. A new financial services team from Fujitsu Technology Solutions is available to customers to help maximize return on investment in the data center while minimizing risk through a variety of leasing choices and alternative payment structures designed to reduce up front investments required for equipment and services purchases.

Fujitsu Technology Solutions has a 30-year heritage of managing cost-effective, financially sensitive data centers. The financial services team is committed to providing IT customers with the most competitive financial solutions available, removing the risk of obsolescence while assisting the match of expenses to revenue. Leasing experts work closely with Fujitsu's sales force and technical personnel to ensure the development of a unique structure to meet customer needs.

IT leasing options include methods such as traditional leases, $1 buy-out leases, fixed purchase option leases, technology refresh options, alternative payment structures, and step payments. These payment plans allow companies to save cash and preserve capital budgets through extended payment terms and minimal initial investments.

Fujitsu Technology Solutions also provides structures to allow lessees to first lease the selected equipment with options to convert the transaction to a purchase in the future. In addition, unique contracts are available to match customers' needs for new equipment, additional feature functions, and bundled transactions where software and services are part of the lease.

"In an ever-changing business climate, our customers' IT infrastructure needs to be both flexible and extremely cost effective," said Ken Mason, vice president of marketing, of Fujitsu Technology Solutions. "Fujitsu is committed to providing solutions that meet the business, IT infrastructure, and financial goals of our customers and keep their options open for the future."

The leasing options are available for any equipment and services that Fujitsu offers in North America, including its leading PRIMEPOWER server line, storage solutions, managed services, and software offerings.

About Fujitsu Technology Solutions, Inc.: http://www.ftsi.fujitsu.com

Fujitsu Technology Solutions, Inc., headquartered in Sunnyvale, California, offers worldwide IT infrastructure solutions that encompass a range of technology solutions and fully customized managed services. Fujitsu Technology Solutions, Inc., an expert in enterprise and open systems server and storage solutions, focuses on delivering high availability, mission-critical, scalable solutions in the large-systems marketplace. Drawing on the skills and experience of Fujitsu Limited, as well as our many partner companies, Fujitsu Technology Solutions Inc. enables customers to balance the needs of rapid change and stability while maximizing the return on investment in existing and new technologies.

About PRIMEPOWER: http://www.ftsi.fujitsu.com/primepower/

NOTE: Fujitsu and the Fujitsu logo are registered trademarks of Fujitsu Limited. PRIMEPOWER is a trademark or registered trademark of Fujitsu Limited in the United States and other countries.

Specifications are subject to change without notice. For the latest detailed information, contact your local sales representative.

CONTACT: Jennifer McKim of Fujitsu Technology Solutions, Inc., +1-408-746-3300, or fax, +1-408-746-4933, or jennifer-mckim@ftsi.fujitsu.com; or media, Colin Crook of Neale-May & Partners, +1-650-328-5555, ext. 132, or ccrook@nealemay.com, for Fujitsu Technology Solutions.

SOURCE Fujitsu Technology Solutions, Inc.

CO: Fujitsu Technology Solutions, Inc.

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IDS Upgrades InfoLease Module Customer Care

to Offer Greater Security

MINNEAPOLIS, Minn., USA, International Decision Systems

Inc. (IDS) announced today the availability of an upgraded Customer Care

module for InfoLease, the world¹s premier lease portfolio and asset

management system. By rewriting Customer Care, the new architecture allows

for separation of the business logic from the presentation layer (separate

Web, application and database servers). Using Java TM, Customer Care now

provides even greater security and faster response times for InfoLease

customers who want on-line access to up-to-date account information.

First released three years ago, Customer Care is the only solution linking

in real-time to InfoLease, allowing financial services companies, dealers

and vendors to use the Web to check real-time account information including

balances, payment and billing status, due dates and amounts, and request

buyout quotes.

³Financial services companies and dealers field millions of customer calls

for basic information about accounts. These customer service inquiries cost

an average of $5.50 per phone call,² states IDS COO Charles Lyles. ³With

Web-based customer service available through Customer Care, companies can

reduce customer service costs to as little as 25 cents per transaction.

Anyone who uses Customer Care will love its convenience and security.

Companies will appreciate their business¹ new capacity to offer better

customer service at lower costs.²

For more information about Customer Care, or to arrange for a demonstration,

call IDS Marketing Director Deb Marshall at 612-851-3438 or visit

www.idsgrp.com.

About International Decision Systems

International Decision Systems (IDS) is the global leader in developing

lease/loan accounting and portfolio management software and services. With

offices in the United Kingdom; Minneapolis, MN; Sydney, Australia and

Singapore, IDS offers the largest and most experienced global consulting,

implementation and technical support teams in the leasing industry.

InfoLease, the world¹s premier lease/loan portfolio and asset management

system, comprises the foundation of IDS¹ product line. With a web-enabled