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http://www.utdallas.edu/police/wavs/DragnetJob.WAV
Headlines--- "Meet the Editor" Today 9am, California time Alexa Ranks Leasing Association Web Sites Cartoon----CIT Senior Staff Meeting Lessors on the Construction Industry Leasing Press Special Offer---- Anders Norlin: Leasing Partners West Coast International Decisions Systems "Unleashes" Rapport Caterpillar's Strong November Sales Show Signs of Recovery California Really Nuts Briefs--- http://two.leasingnews.org/SoundBits/Movies/THANKYO.WAV This Border ##### Denotes Press Release (Not Written By Leasing News) ------------------------------------------------------------------------------------------
Classified Ads-----Sales Sales: Atlanta, GA. Equipment Finance/Tax Leasing professional, with 20+ years experience originating, structuring, and closing. Direct & vendor development sales. Mid-market and Fortune 1000 - customers throughout Southeast. Email: wmplumer@yahoo.com
Sales: Atlanta, GA. Consistent top performer, results oriented with outstanding sourcing, structuring and negotiation skills. Direct& vendor development sales. Mid-market and above - Customers throughout Southeast. Email:w.t.dent@comcast.net
Sales: Atlanta, GA. 15 Yr extensive small & mid-ticket leasing. Strong book of business & vendor/direct base. Strong closing, structuring, communication, negotiation & nat'l program skills w/following in key markets. Email: leasepro4@aol.com
Sales:Austin,Texas 24yrs exp.in equip leasing sales, vendor/direct, leasing high-tech to rolling stock. HP12C/17B. Small-Mid Ticket. Seeking Texas territory which can be covered from Austin home-base. Email:GeorgeMinchew@sbcglobal.net
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: 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: Chicago, IL. 12+ yrs multinational/ national sales & business development. Seeking role with captive lessor or global leasing company. Will relo right opportunity. Experience structuring complex transactions. Email: leasingismylife@yahoo.com
Sales: Denver, CO. 17 yr sales exp.. in leasing sales (territory, National Accts, Sales mgt.) looking to bring experience to s sales/sales mgt role. Successful, accountable, ethical, aggressive, results. Email:lease442000@yahoo.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: Denver, OR. Broker representative: Seek employment or partnership w/estab. finance group. Prior engineer making career change. Have pursued extensive self-education/ formal training. Email: dbrown@thirdwavefinance.com
Sales: Detroit, MI. 16-year lease veteran looking for opportunity in the Detroit area. Ability to bring on new accounts and manage existing base. Up to 60% travel acceptable. Email:ebonbri@aol.com
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: Hartford, CT. 10+ yrs leasing sales exp.; multi-industry, small-large ticket, Direct, Vendor, and Captive exp. Seeking sales position with captive or independent company with equity investment capability. Email: bcurt95@aol.com
Sales: Jacksonville, FL. Seasoned equipment leasing professional, with over 10 years of experience, looking for position in business development in Northern Florida territory. Email: rene.bradshaw@superig.com.br
Sales: Louisville, KY I have been in leasing/financing of construction, machine tool, and mfg equipment for 20+ years. Traveled KY, IN, OH and TN. Email:kyle90@msn.com
Sales: Minneapolis, MN. 10+ yrs Equipment Leasing in Upper Midwest. Investment Grade Database. Previous vendor/small/middle market exp. Super Trump, 17B & account database exp. Email: golfadm@yahoo.com
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: Orange County, CA. Skilled deal-closer at above-average rates. Entrepreneurial. Accomplished lease-structurer specializing in transportation. Exp. in direct/ captive & syndicator environments servicing vendors, brokers, & end-users. Email:originator@sbcglobal.net
Sales: Philadelphia , PA Seeking an open opportunity to advance in the automotive, commercial leasing & finance industry......... Email: alexe362002@yahoo.com
Sales: Phoenix, AZ. 20-year veteran with multiple industry experience, solid closing skills, middle-market database, sourcing direct/ vendors. Seeking direct/vendor/captive lessor with direct funding & equity infusion capabilities. Email: lease321@cox.net
Sales: Port St. Lucie, Southeast, FL. Highly experience in middle market leasing sales. Consistent producer, strong credit, organizational and territory management skills. Seek position with bank related or captive organization. david34983@bellsouth.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: Princeton, NJ: Regional Sales Manager: Last 15 years with captive. Knowledgeable in all aspects of leasing. Application to funding. Worked with 25 salespeople - east coast. Email: denisregan@msn.com
Sales: St. Louis, MO Proven equipment finance sales professional looking for a new challenge which rewards success. Equipment type and location open provided you want business. Email:amlifter@aol.com
Sales: San Bernardino, CA. Account executive w/4 years exp. in small ticket &lower end middle market lease transactions, Outstanding ACT database compiled of over 500 vendors. Seeking a career driven position w/a reputable lessor Email: moneytoloan@hotmail.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: Stuart, Fl. 17 years exp. leasing in small ticket and large ticket, portfolio management exp. along with sales management and administrative background, strong sales and marketing skills. Email: sales@rvcglobal.com
Sales: Tampa, FL. 27 years experience. Very adept in bank lease programs and direct sales in MM/LT. Looking to re-enter the industry. Will relocate to Texas. Hungry. Email: cwilliams@triit.com 89 “job wanted” ads at: http://64.125.68.90/LeasingNews/JobPostings.htm You may post a “free” job wanted ad at: http://64.125.68.90/LeasingNews/PostingFormWanted.asp We have suspended “help wanted” ads until after the first of the year, and have so informed those who wanted to advertise. http://64.125.68.90/LeasingNews/JobPostingsWanted.htm We will continue to post on the web site “job wanted” ads through the holidays .
-------------------------------------------------------------------------------------------------- “Meet the Editor” Today 9am, California time, Thursday, December 18, 2003 http://www.utdallas.edu/police/wavs/glock.wav Please go here: http://www.leasingnews.org/newsmaker.htm A message should pop open telling you how to log on and how to work the program. Basically you put in your name and password, you choose your name, and let me suggest you put John_Smith in this manner, and any password you choose. This is auditorium style, meaning you are in the audience and can ask a question or make a comment, but it goes to the "moderator" who then answers the question or prints the statement (at his option.) This allows one person to speak at a time and also hopefully continue the thread of the question---- This is different from an "open forum" where all the users can speak at the same time. If you have 25 or 50 in a room, all would be talking at once. We have had 150 to 200 in the chat forum before, which we used to do more often but have not this year. The last several times we ran this feature, we found readers were not particularly interested, perhaps too busy during business hours to participate. If you have not been to our site before, a message will give you information, plus you can also find other “help” to utilize the chat forum. Enter the “Meet the Press” room and to “speak,” type your message or question and then click on “speak.” You may exit at any time, and also enter back into the conversation. http://www.leasingnews.org/newsmaker.htm Kit Menkin, editor http://www.utdallas.edu/police/wavs/wail.wav
Alexa Ranks Leasing Association Web Sites
These comparison are compiled by Leasing News using Alexa and should be viewed as a “sampling” rather than actual count from the website itself.
The Alexa tool bar works on most browsers. They are partnered with Google.
You
may download their free tool bar.
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Happy Holidays from UAEL
The Bay Area chapter of the United Association of Equipment Leasing enjoyed a festive evening on Dec 10th in Walnut Creek hosted by the Bank of Walnut Creek. McCovey's was hopping that night, as the man himself was there...Willie McCovey. Over 25 leasing professionals representing a wide variety of industry participants attended. Funders, brokers, recruiters and service providers enjoyed the social evening and we are looking forward to another event in early '04.
Knowlton, Paul
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Cartoon----CIT Senior Staff Meeting
http://two.leasingnews.org/cartoons/STREET.gif
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### Press Release #############################
"What Lessors Are Saying About The Construction Equipment Leasing Industry"
ELT News (Equipment Leasing Association)
Expectations for the construction equipment leasing industry are mostly positive for 2004, in line with overall economic projections for marked improvement in the new year. CIT Equipment Finance’s newly-released Construction Industry Forecast 2004 reported that U.S. construction industry leaders are the most optimistic they’ve been since 1999. The report stated that 7 percent of contractors meet their needs with leased equipment, and that 13 percent will meet more of their needs with leased or rented equipment in 2004. We asked construction equipment lessors for specifics behind their optimism, such as what the construction equipment leasing industry’s strengths are, along with the challenges that will remain that could impact market performance.
Rob Stowers, Altec Capital Services, said “Resiliency is the market’s greatest strength right now. It’s been a significant downturn that hit bottom eight to ten months ago and is starting to come back now.” He cited credit evaluation as the market’s biggest challenge, saying, “There are a lot of new players in the market since some tried and true creditors have suffered or gone out of business due to the downturn.” In order to meet the challenge, Stowers said that the market needs to look at historical trends and feel comfortable that the economy and construction equipment business is coming back. For the next three to six months he said that there will be steady increase in equipment acquisition and subsequent leasing and financing.
Barry Grossman, First Merchants Bank, said the cash flow management feature is construction equipment leasing’s greatest strength right now. Though in spite of the glowing outlook, he said the market’s biggest challenge is the general economy. “I can see some rising interest rates, debt problems with Fannie Mae and Ginnie Mac, and long-term interest rates having an impact on real estate.” Grossman said there will continue to be a competitive rate environment, and he sees credit quality becoming an issue.
Bob Wright, Wells Fargo Credit Finance, said that people’s optimism and the economy picking up will have a lot of positive implications in a number of ways, including equipment values and increased business. He also sees competition as being a big challenge, since construction equipment leasing will look attractive to newcomers. To meet this challenge, he advises market entrants to be smart since there are mistakes newcomers are prone to make if they haven’t been in it before, such as being too aggressive in pricing, residual values, and credit.
Will Kessler, Access Financial Solutions – a JLG Company, said construction equipment leasing’s biggest strength is new money coming into the market, though it was through consolidation, which has also caused the loss of experienced people. He sees the new inexperienced talent pool’s big learning curve as a challenge that only time will alleviate as new people get up to speed. He believes that lessors aren’t generally in a position to cultivate new talent since finance companies can’t afford to have a down quarter, particularly publicly-listed firms. In terms of market demand, Kessler said, “A lot of customers are holding onto equipment a lot longer than they had before. They need to replace it because it’s worn out.”
Mark Killpack, CIT Equipment Finance, offered that the construction equipment leasing market is presently in a position to bring discipline back to the construction equipment leasing industry. “The equipment lessors are in a position to help contractors obtain needed equipment as we move into this economic recovery,” Killpack responded. “How we do this will help determine the length and strength of the recovery and will also help shape the next downturn.”
The biggest challenge Killpack cited is the need to re-educate lessees to sound fundamentals of credit and leasing. As for the next three to six months, he responded that the performance trend should be positive. “There is a great deal of optimism for the future,” Killpack said. “It is not clear as to how this will translate into new equipment leasing. There are a lot of companies that are healing and are challenged financially. The need to purchase verses rent verses lease verses repair will need to be evaluated.” He suggests that lessors will need to act as consultants and offer sound, not self-serving advice.
Overall, construction equipment lessors see increased sales in 2004, which means more leasing opportunities. Bob Wright added the additional encouraging note that the inherent nature of construction is that it can’t be outsourced overseas.
#### Press Release #############################
Leasing Press Special Offer----
www.leasingpress.com through January 31, 2004, are offering a special on our three titles--buy one and receive one free, with shipping and handling waived! That means any two (or two copies of the same title) for only $79.95. Our three titles are:
o Power Tools for Successful Leasing--our best seller o Technology Leasing: Power Tools for Lessees o VendorDataBase 2003--a searchable database of more than 9,500 public U.S. companies with financial data included. A great prospecting tool available on CD.
Orders may be phoned in to 815.753.1116 or emailed to jamesjohnson@niu.edu
Best holiday wishes to our friends in the leasing community.
Watch for our newest title Small Ticket Leasing to appear in 2004!
### Press Release ###########################
### Press Release ###########################
Leasing Partners Capital Adds Territory Manager on West Coast
Leasing Partners Capital, Inc., the fastest growing equipment leasing company in the U.S., has added another Territory Manager on the West Coast.
LPC is pleased to announce the addition of Anders Norlin. Mr. Norlin will work out of an office in Mill Valley (San Francisco), CA. Anders has fifteen years experience in the cargo and container industry in North America. His background ranges from the leasing of containers internationally to organizing and operating storage companies domestically. He has also developed and supported equipment-tracking systems.
Mr. Norlin has a degree in finance and business administration from the Stockholm School of Business in Stockholm, Sweden.
"About The Company"
Leasing Partners Capital, Inc. (LPC) is a small to lower-middle-market equipment leasing company working with vendors and end users.
For additional information or questions about LPC, contact Bruce Larsen, National Sales Manager, 877-333-5864 or email him at blarsen@leasingpartnerscapital.com, or check out their web site @ www.leasingpartnerscapital.com.
### Press Release #############################
International Decisions Systems “Unleashes” Rapport
Front-end application now works with any back-end system
MINNEAPOLIS, Minn., USA, – International Decision Systems Inc. (IDS) announces that its newly released version of Rapport will work with nearly any back-office lease/loan accounting system. Rapport is IDS’ Graphic User Interface (GUI) automated credit application and contract origination software accessible to any lease/loan company around the world via a Web browser. Since its debut release in 2002, Rapport had been fully coupled with InfoLease, IDS’ premier lease/loan accounting and asset management system.
“Now that it is also available as a stand-alone application, independent of InfoLease, finance companies can use Rapport as a front-end lease/loan origination system working in complete integration with an existing back-office accounting application,” states IDS Product Marketing Manager Gary Rose. “This means companies can optimize their entire workflow with their existing back-office databases.”
Rapport simplifies the lease/loan procedure because it offers one total system for contract origination through booking, including pricing, credit application, credit scoring and documentation, vendor/partner management, setup and booking. “Rapport gives everyone involved in the lease/loan process real-time access to relevant information about pending contracts,” Rose says. “Having fast access to thorough information leads to more informed decisions and, ultimately, increased returns on equity.”
Since its release, Rapport™ has been implemented by 11 IDS lease/loan customers.
For more information about the new, “unleashed” Rapport or to schedule a demonstration, call IDS Marketing Director Deb Marshall at 612-851-3438.
About International Decision Systems
International Decision Systems (IDS) is the global leader in developing lease/loan accounting and portfolio management software and services. Headquartered in Minneapolis, Minnesota, IDS has offices in London, Sydney, and Singapore. IDS offers the largest and most experienced global consulting, implementation, and technical support teams in the leasing industry.
InfoLease, the world’s premier lease/loan portfolio and asset management system, comprises the foundation of IDS’ product line. With a web-enabled front-end and more than 70 custom add-on solutions, InfoLease is the most adaptable and scalable lease/loan technology available in today’s marketplace. IDS and InfoLease are registered trademarks of International Decision Systems. For additional information about International Decision Systems, visit www.idsgrp.com.
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Caterpillar’s Strong November Sales Show Signs of Recovery
Strong retail sales at Caterpillar Inc. in November are more confirmation that the much anticipated recovery in machinery sales is here.
The equipment giant said dealer machine sales in the three months ended in November were up 19% in North America compared with the same three-month period a year ago - the biggest gain since 1998.
North America was the standout again in November, marking the third consecutive month of double-digit gains for the Peoria, IL, company. Sales for the three months ended October were up 12% in North America, and 7% overall.
The pickup in inventory levels in anticipation of a rise in demand bolstered the view held by many in the industry that the recovery is under way.
North American inventory levels were up 15% from last November and 5% over October. Worldwide inventories are up 6% over last year.
While inventories are rising, they are still below peak levels, allowing for further production increases as demand picks up in 2004, analysts said.
Retail sales for Caterpillar have been slowly showing signs of life since earlier this year. Growth, however has been uneven, as Europe provided the spark this summer, but North America is now the main driver of sales.
Caterpillar’s results mirror a similar good performance by Deere & Co. in November. The maker of construction and agriculture equipment said last week it generally outperformed the industry in agriculture equipment. It experienced a double-digit sales rise in large row crop tractors despite a 2% decline for the industry overall. It also enjoyed a triple-digit jump in sales of four-wheel drive tractors. Combine sales, however, suffered a double- digit decline despite a 6% rise in the industry.
The Association of Equipment Manufacturers, AEM, said total farm wheel tractor sales were up 20% year-to-date to the end of November over last year, propelled by an almost 30% gain in smaller tractors with less than 40 horsepower. The large row crop tractors were up 3.3% year-to-date over the same 11-month 2002 period. Combine sales are off 7%.
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Paper Source ---On Line
http://www.papersourceonline.com/
Primarily loans and real estate, but some equipment leasing.
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News Briefs---
US mortgage applications rebound last week http://www.boston.com/business/articles/2003/12/17/us_
Penalties Sought in Freddie Case http://www.washingtonpost.com/wp-dyn/articles/A9866-2003Dec17.html
Jury to Glimpse Kozlowski Lavish Lifestyle http://www.washingtonpost.com/wp-dyn/articles/A3549-2003Dec16.html http://www.usatoday.com/money/industries/manufacturing/2003-12-16-tyco_x.htm javascript:OpenVideobigMoney('http://real.usatoday-na-central. Indictment
accuses Ryan of corruption and cover-up
3Com loss doubles, sales sink http://www.bayarea.com/mld/mercurynews/business/7515587.htm
Indian Motorcycle's future remains up in the air http://www.bayarea.com/mld/mercurynews/business/7515848.htm
Burbank airport is latest landmark renamed to honor Bob Hope http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/12/17/
Lease Funding & Distribution Showcase Atlanta, GA | March 11 & 12 | The Ritz-Carlton
Saddam drama helps CNN, but Fox News carries day http://www.ajc.com/business/content/business/cnn/1203/17ratings.html
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Sports Briefs---
Testaverde Will Retire If Demoted to No. 3 QB
Fassel out as Giants coach after this season http://cbs.sportsline.com/nfl/story/6930953
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