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Friday, October 19, 2007

Headlines---

Archives—October 19, 2000
    --51 Leasing Companies Major Changes
Classified Ads—Legal/Leasing Attorneys
    Editor's Notes: Christopher Menkin
Hot Firecracker Sale: NetBank Bus. Finance
    Marlin skids below $15, but recovers
Subprime Credits in “Story Credit” List
    CIT takes subprime hit/takes action
Ahsan: UAEL Volunteer of Month
    Quail Capital Rick Rodman promoted VP
Classified Ads---Help Wanted
    Cartoon---More manly scent
ELFA Conf.:Register at Door Available
    First South Earnings Report
McFadden Launches New Company
    Lou Altobelli- Brian Phelps/US Bancorp
Zions reports $132 MM profit
    Huntington reports $138.2 MM Profit
Willis Lease Adds Alaska Airlines
    Deposits: BofA,JP Morgan Chase,Wachovia
Earnings Fall 32 Percent at B of A
    Financial One China leasing market surging
Provident Bank 3Q profit falls-Leasing?
    Capital One posts 3Q net loss on charges
30-year mortgages unchanged at 6.40%
    News Briefs---
You May have Missed---Shabbat Shalom
    "Gimme that Wine"
Calendar Events
    Snapple Real Facts
Today's Top Event in History
    This Day in American History
Baseball Poem—“The Rockies Machine
by Dana Prescott
    SuDoku
Daily Puzzle

######## surrounding the article denotes it is a “press release”

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Archives—October 19, 2000
51 Leasing Companies Major Changes

American Business Leasing (gone)
Balboa Capital (Founder Byrne "...office available any time he wants to use it”).
The Bancorp Group, Inc . (Southfield, MI) (no longer in business)
Bankvest (bankrupt)
Bombadier (reported having problems, not confirmed)
Charter Financial (purchased by Wells Fargo 9/5/2000)
Charter One (10/2000 $1.8 million leasing loss in third quarter)
Colonial Pacific (11/98) purchased by GE Capital Commerce Security (9/99 closed to leasing broker program )(11/99 last fundings)
Copelco (4/2000 sold to Citibank)
Creative Capital" of Bloomfield Hills, MI. (shut-down 3/2000)
Dana (sold off, active as captive)
DVI Capital (out of broker)
El Camino Leasing, Woodland Hills, California (10/2000 No longer taking broker business)
eLease (June/July/2000 senior management changes)
FMA Finance (reportedly closed to brokers)
Fidelity (4/2000 acquired by EAB, a wholly owned subsidiary of ABN AMRO Bank N.V., headquartered in the Netherlands , raising funds)
Finova (out of market place) (10/11/2000 Dow Jones headlines "Finova Stock Falls as Buyout Hopes
Wane) Franklin Bank (no more leases)
Golden Gate Funding (2/99 purchased by Westover Financial)
Heller Financial's Commercial Services Unit
(10/99 purchased by CIT)
Imperial (sold portfolio) Irwin Financial (10/2000 "pre-tax loss of $0.6 million during the third quarter." Japan Leasing Credit claims (JLC --6/99 purchased by Oryx)
Lease Acceptance Corp- -- (ceases broker business 7/26/2000)
Leasing Solutions, San Jose, CA
(bankrupt)
Liberty Leasing, Redwood City, CA (closed, California Company)
Linc Capital (out of vendor and broker business, Nasdaq halts stock sales, $13.4 loss last quarter)
Lyon Credit Corporation (9/99 purchased by Hudson United Bancorp)
Manifest Group- -(9/1/2000 purchased by US Bancorp Leasing and Financial, "...a win for all the parties involved," Brian Bjella.
Matsco Financial (purchased by Greater Bay Bank)
Merit Leasing (gone)
Metwest Leasing, Spokane, Wa . (6/2000 advising brokers that they have run out of funds so they are unable to fund a transaction we have there for funding.)
Metrolease -- 5/2000 reports closing operation, John Blazek at Evergreen Leasing, Hathcock losing assets, will not confirm nor deny; many serious rumors of fraud floating around the marketplace, confirmed off the record.) NationsCredit, Business Leasing Group (1/29/99 sold to Textron**) *"The Business Leasing Group of Nations Credit was sold to Textron and we still do broker business," Jim Merrilees.
NIA National Leasing (3/2000 purchased by Lakeland Bancorp)
New England Capital (sold to Network Capital Alliance a division of Sovereign Bank . Sovereign did hire two people who will run a sales office in CT, doing basically the same deals with the same people as before. Little will change in that aspect.
Newcourt (sold off)
Onset Capital (Irwin buys 87% equity)
Orix 10/2000 "long-term Outlook has been revised from Stable to Negative" Credit Alliance has changed its name to ORIX Financial Services, 9/2000 Japanese Bank President Commits Suicide (Orix is a 14.7% shareholder in bank having problems), (8/2000 closes small ticket vendor division in Portland, Oregon, "Business as usual (in New Jersey and with brokers)," says Steve Geller)
Phoenix (5/2000 both divisions closed, 10/2000 pres. joins Pentech Financial, Campbell, Ca.)
Prime Capital (2/2000 purchased by Finatra Capital)
Republic Leasing, South Carolina 9/27/2000 (“The expected result will be a sale of Republic Leasing"---Dwight Galloway)
Rockford (sold to American Express)
Scripp Financial (6/29/2000 (purchased by US Bancorp)
SDI (closed to broker programs)
SFC Capital (9/15/2000 purchased by Trinity Capital)
SierraCities (post $7.7 million second quarter loss, rumors abound, including pending sale. Second Leasing News Report "addendum" on hold until announcement, maybe by Oct.19, stock problems from inside employ week of Oct 16/lot of venom posted on Yahoo bulletin board ) addendum to Special Report on hold until after announcement, now Oct. 19th? )
T&W (bankrupt, lost their listing)
Transamerica (6/99 sold to Aegon Corporation, N.V./put on block 2/2000, but "business as usual," Jason A. Gendron, VP, Transamerica Equip. Fin. Services)
Unicapital ( $11.4 million first quarter loss chairman, CEO, CFO resign, 38 employees cutback, 8/23 BSB to use other funders reported, rumor that BSB will be "spun off", not confirmed and appears to be in the rumor stage right now. Good news, 9/1 Bank of America extends revolving credit line to October 16, 2000. 9/29/2000 Many rumors floating around. 10/12 Prognosis is "challenging," at best.10/17 BofA gives them until Friday to complete "process." Leasing News holding special report until after announcement)
USA Capital Leasing (gone-bk)

[headlines]

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Classified Ads—Legal/Leasing Attorneys

San Diego, CA

Experienced in-house corporate, equipment leasing and financial services attorney seeks position as managing or transactional counsel. Willing to relocate. Cell Phone: 760-533-4058;
Email: sandidq@msn.com

Attorneys specializing in leasing seeking clients:

Birmingham, Alabama
The lawyers of Marks & Weinberg, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel.
Email: Barry@leaselawyer.com
Website: www.leaselawyers.com
California, National: city: Riverside
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs exp.in SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker.
Email: leaselaw@msn.com | UAEL
Connecticut, Southern New England: EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates.
email: rcfeldman@snet.net     EAEL
Law Firm - Service, Dallas, TX. ELA
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance.
email: dmayer@pattonboggs.com
Website:
www.pattonboggs.com
  Los Angeles, Statewide: CA.     "ELA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly basis. email:RGarwacki@prodigy.net Los Angeles -statewide: CA      "ELA "
Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com   

Long Beach, CA
Wagner & Zielinski,  successfully representing lessees/ lessors.  Not a member of any leasing organization, therefore not beholden to special interests.  Richard Wagner
(562) 216-2952 www.wzlawyers.com

Long Beach CA.
Paul Bent, helping settle deals that have gone bad. Attorney for 20+ years with GoodSmith & Co., now providing mediation and dispute resolution for lessees and lessors.
www.paulbent.com

National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: UAEL, ELA, MAEL).
email: Jcoston@costonlaw.com
Website:www.costonlaw.com

Kenneth C. Greene, Northern California
Twenty years experience, reasonable fee, well-known in the industry, experience both sides, call for a free consultation. 415.806.2254, kenlaw100@aol.com
St. Louis County, MO. - statewide:
Defend clients sued by Popular Leasing USA and other assignees of Norvergence rental agreements. Also register and collect foreign judgments. Ronald J. Eisenberg, Esq.
Email: reisenberg@sl-lawyers.com
Schultz & Little L.L.P. www.sl-lawyers.com

Westport, CT: We represent finance companies, banks, lessors, etc., in replevins/seizures, collections and bankruptcy matters in Connecticut and New York. Flat fee, contingency and hourly rates.
Email: rchinitz@replevinlawyer.com

[headlines]

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Editor's Notes:

Would like to thank Maria Martinez-Wong for serving as editor during my almost month long vacation without my lap top. Thanks should also go to her husband Brian Wong, who posts Leasing News after he leaves his regular job at midnight, plus Gretchen Gabriel for her administrative work and help with graphics.

It is great to be back in the U.S. of A.

Christopher Menkin, editor

[headlines]

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Hot Firecracker Sale: NetBank Business Finance

by Christopher Menkin

FDIC spokesman David Barr in Washington, DC, said bids for NetBank Business Finance will be opened next Tuesday, October 23, 1pm EDT. He said during the attempt to sell the bank there were many inquiries and much interest in purchasing the leasing and finance division by itself from all over the country. Several mentioned Leasing News. He believes the FDIC is going to receive top dollar for the transaction. NetBank Business Finance is the jewel of the operation.

Depositors are protected up to $100,000 by the FDIC and ING Bank has taken over these “liabilities” to the bank in receivership. ING Bank is soliciting depositors directly, too.

 

As you probably know by now, ING DIRECT recently acquired Net Bank's FDIC-insured deposits. We're currently working on transitioning these accounts to ING DIRECT.

In the meantime, we want to give you an opportunity to speed up the process, simplify your account conversion and earn money for doing it! When you open Electric Orange (our version of NetBank's checking account) before 11/15/07 using the Reference Code below, you'll receive a $25 bonus!

Electric Orange delivers the access and convenience of checking with the earning power of savings.

•  Earn high interest

•  5.00% APY on balances of $100,000 or more

•  4.90% APY on balances between $50,000 and $100,000

•  3.50% APY on balances up to $50,000
(APYs stated above apply to your entire balance)

•  Free ATM access at over 32,000 locations nationwide

•  A MasterCard® Debit Card for purchases and ATM access

•  Free online Bill Pay, Direct Deposit and Electric Checks

•  No monthly fees and no minimum balance requirements

Apply for your Electric Orange today
(be sure to use Reference Code NET226 to get
your $25 bonus)

When you open your account online, you'll make an electronic deposit from your existing checking account (you can use your NetBank account). The initial deposit will create an electronic link between your ING DIRECT account and your checking account, which we call your 'linked' account. You can link up to 3 non-ING DIRECT personal checking accounts. This electronic link allows you to easily transfer money between all of your ING DIRECT account(s) and your linked checking account for free.

At ING DIRECT, our transactions are made using the Automated Clearing House (ACH), the same system used for direct deposits. To transfer money to and from your ING DIRECT account(s), you simply go online or call to initiate the transaction. Generally transactions take 2-3 business days to be completed.

So start earning and making more today! Visit ingdirect.com to open your ING DIRECT account and get a $25 bonus for getting the ball rolling.

Once again, welcome to ING DIRECT.

All quoted rates are variable Annual Percentage Yields effective as of 9/19/07. Bonus only available for new accounts with a new Customer as primary owner. Only one bonus will be provided per household. $25 bonus will be deposited into your account 45 days after the account is opened and will begin to earn interest and be available for withdrawal at that time. Valid through 11/15/07 - do it today!

 

 

 


While a date has not been chosen to close the bidding, Barr says they can accept the best combination, meaning for the portfolio, for the staff operation, or the company itself, or a combination with other assets and/or liabilities. The FDIC is the sole decider of the best offer or offers from the sealed bids.

NetBank Business Finance CEO Dwight Galloway said the transition from NetBank to the FDIC control did not stop the leasing company operation for one minute; the approval, processing, funding of transactions. He said the FDIC representatives were highly competent and have seen his company in operation. Despite the complications of the process, it went surprisingly smooth, he said.


Dwight Galloway, CLP
President, CEO, NetBank Business Finance

“We have highly skilled, hard working, and very knowledgeable staff with high production rates, “he said. “This is a company, not just a portfolio. It has a twenty year track record.”

He believes the company will be sold as a whole unit.

“You wouldn't want to buy the car without an engine, “he explained, adding. “I want your readers to know how really remarkable the FDIC is making this difficult process work so smoothly. They wil l make the final decision and I think it will be the best for all involved.”

Leasing News has asked Bruce Kropschot, Kropschot Financial Services, on our advisory board, to write an article regarding the sale of employees without the portfolio, as it may apply to NetBank Business Finance, LaSalle National Leasing, and perhaps some other leasing companies that are also up for sale. Kropschot Financial Services has been for many years the leading provider of merger and acquisition advisory services for equipment leasing companies, having initiated the sale of more than 150 businesses. He has been active in the equipment leasing industry since 1972 and has been a senior executive of three large leasing companies.

Here is the FDIC offering from their web site:

The FDIC announces the sale of NetBank Business Finance (NBF), an approximate $420 million division of the recently failed NetBank. This division will be offered for sale in two mutually exclusive pools. A prospective acquirer may purchase 1) all assets and specifically identified liabilities of NBF (e.g. cash; leases; commercial loans; FF&E; prepaid and other assets; security deposits, accounts payable – equipment, property and sales taxes) or 2) the commercial loan and lease portfolio approximating 10,900 assets with gross book value of $510 million, unearned discounts of $90 million and lease residuals of $2 million.

Pool Number Description # of Loans Book Value
NBF-1-07-010 Net Assets – NetBank Business Finance 10,867 $431,790,774.00
NBF-1-07-020 Commercial loans and Leases Only - NetBank Bus. 10,867 $431,790,774.00
Total 21,734 $863,581,548.00

**The size of these packages may change without notice**

BRIEF DESCRIPTION OF LOAN SALE POOLS

NBF-1-07-010 - Net Assets – NetBank Business Finance: All assets and specifically identified liabilities of NBF (e.g. cash; leases; commercial loans; FF&E; prepaid and other assets; security deposits, accounts payable – equipment, property and sales taxes). Additional, specific information on the assets and liabilities to be sold/purchased may be found in the storeroom section of this website.

NBF-1-07-020 - Commercial loans and Leases Only - NetBank Bus.: 53% of this $420 million portfolio are secured commercial loans, while 27% are “$1 out” leases and 17% are unsecured loans.

Loan file and asset review will be conducted between the hours of 7:30 AM and 6:00 PM EDT Monday through Sunday beginning Wednesday, October 3, 2007. Time is of the essence. You are encouraged to schedule due diligence as soon as possible with FDIC Representatives Bill Rothamel at (972)761-2933 e-mail brothamel@fdic.gov , or Rosa Ruiz at (972)761-8229 e-mail rruiz@fdic.gov ,

The bid deadline has not yet been determined, but will be posted as a portion of the Invitation to Bid document found in the storeroom on this website.


This advertisement is an announcement only and does not constitute an offer to sell, or a solicitation of an offer to buy, any loans or any interest therein. Information concerning the loans will be furnished only to persons who represent that they have a level of financial sophistication and recources sufficient to evaluate and bear the risks of an investment in the loans.

From this site:
https://www.fdicsales.com/fdic/Results/Announcement.aspx?OfferingId=204

More information on the bidding procedure:
https://www.fdicsales.com/fdic/results/fdicofferings.aspx

Recent NetBank Business Finance Stories:
http://www.leasingnews.org/Conscious-Top%20Stories/Everbank-Netbank_rummor_true.htm

[headlines]

[headlines]

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Marlin skids below $15, but recovers

Once the darling of the small ticket leasing market, Marlin Business

Services has let go its main sales staff, now adding new personnel in the direction of unsecured business loans, according to their SEC report, while trying to also hang on to a new division in factoring and keep leasing brokers happy, too. Many brokers are leaving to join those who left Marlin recently. By December, investors will realize how much broker business Marlin was counting on.

Stockholders have contacted Leasing News regarding rumors that Marlin is for sale. No one at Marlin is talking to Leasing News, but their NASDAQ report basically says it all, sliding again below $15, but managing to go above the line at closing.

Last Trade: 15.11
Trade Time: 4:00PM ET
Change: 0.21 (1.37%)
Prev Close: 15.32
Open: 15.24
Bid: 15.05 x 100
Ask: 15.58 x 600
1y Target Est: 24.50
Day's Range: 14.90 - 15.24
52wk Range: 14.05 - 24.40

[headlines]

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Subprime Credits in “Story Credit” List

The “Story Credit” list now includes leasing companies that specialize in “subprime leases.” This information was obtained from the company's footnotes or web site or direct information. There are other “story credit” leasing companies and funders who accept “subprime leases,” but do not appear to specialize in them.

If a company notifies Leasing News that they want to be listed as doing “subprime leases,” this will be added to their listing:

Story Credit Lessors

These companies specialize in "C" and "D" credits, often new businesses, or businesses where the principal(s) have Beacon score around 600 or previous difficulties; meaning to become comfortable with the credit and financial situation you need to learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. Many of these companies may also be a "B," but appear otherwise without the "story" to understand the full financial picture.

Also listed below the dollar amounts are companies that who are known for accepting "subprime leasing."

(To qualify for this list, the company must be a funder and not a "Broker/Lessor" or "Super Broker/Lessor", along with an acceptable Better Business Bureau Rating and no history of complaints at Leasing News. We reserve the right to not list a company who does not meet these qualifications.)

We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is very much encouraged.

Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business.

It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section.

(for Broker/Lessors List "A," please click here, for list "B," pleae click here,
for Captive Lessor list, please click here,
for Funder List "A," please click here, for Funder List "B," who do not specialize in
“Story Credits
please click here,

for “Super Broker/Lessor,” who primarily place leases, click here )

Leasing Associations: All non-profit leasing associations are abbreviated. To see the full name and learn more about the association, please click here.

BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information

( To apply to be listed, please fill in this form and fax to 408.374.3843 or you
may e-mail to: kitmenkin@leasingnews.org
)
Story Credit Form

Alphabetical list - click on company name to view more details
ABCO Leasing, Inc. Boston Financial & Equity Corp. Mesa Leasing, Inc.
Advantage Funding Calfund, LLC North South Leasing
Agility Solutions Cobra Capital LLC Pawnee Leasing Corporation
Allegiant Partners Incorporated Dakota Financial Radiance Capital, LLC
American Leasefund, Inc. Dolsen Leasing Company Sterling Financial
Bankers Capital Financial Pacific Leasing Summit Leasing, Inc.
Barrett Capital Corporation Forum Financial Services, Inc. TEAM Funding Solutions
Black Rock Capital Gonor Funding TechLease, L.L.C.
Blackstone Capital Partners, L.P. IFC Credit Corporation  

 

Name
In Business Since
Contact
Website
Leasing Association
Employees
Geo
Area
Dollar
Amount
Business Reports

Financial Pacific Leasing
1975
Terey Jennings CLP,
800-447-7107, tjennings@finpac.com
www.finpac.com
EAEL, ELFA, NAELB, UAEL (P)

115
Nationwide
$5,000-$50,000
IFC Credit Corporation
1988
Gary Trebels, CLP
Vice  President
gtrebels@ifccredit.com
www. ifccredit.com .com Phone- 847-663-6501
Fax- 847-324-1672
ELFA, NAELB, UAEL (L)
106
Nationwide

$250,000 - $15,000,000+

 

Pawnee Leasing Corporation
1982
Dana Freeman
dana@pawneeleasing.com
www.pawneeleasing.com
EAEL, NAELB & UAEL (A)
45
Nationwide

$1,000 - $30,000

Does Subprime Leases

Advantage Funding
1997
Edward P. Kaye
718.392.1300
www.advantagefund.com
NVLA, ELFA, NLA & TLPA (X)
20
Nationwide

Vehicles Only

$10,000 - $1,000,000

Boston Financial & Equity Corporation
1968
Debbie Monosson
debbie@bfec.com
www.bfec.com
EAEL, UAEL (J)
12
National

$100,000 to $1,500,000

Does Subprime Leases

Sterling Financial
4200 Somerset Drive
Prairie Village, KS
June 1993
Mr. Jody Dick, Exec, Vice President
jody@everestkc.net
913-648-2322
12
Nationwide

$5,000 to $30,000

Does Subprime Leases

Summit Leasing, Inc.
1986
James, Klemens, Kevin, Mike, Mark
(800) 736-1530
www.summitleasing.com
UAEL (S)
12
CA, ID, MT, OR, WA
$20,000 - $400,000
   
Calfund, LLC
2000
Harry Saghian
harry@calfundllc.com
(AA)
10
Western States

$15K
Minimum

Does Subprime Leases

Dolsen Leasing Company
1958
Joanie Dolsen,
800-959-4002
Joanie@dolsenleasing.com
www.dolsenleasing.com
NAELB, UAEL (R)
10
11 Western State
$10,000.00 - $250,000.00
Allegiant Partners Incorporated
1998
415.257.4200
Doug Houlahan ext. 205
Paul Foster ext. 206
www.allegiant-partners.com
ELFA, NAELB & UAEL (B)
9
Nationwide, including Alaska & Hawaii
*up to $500,000
Dakota Financial
2001
Scott Woodring
310.696.3030
swoodring@dakotafin.com
www.dakotafin.co

EAEL, NAELB, UAEL (K)
9
Nationwide & Canada (except in Quebec)

$10,000 - $250,000

Does Subprime Leases

Blackstone Capital Partners, L.P.
2002
Frank Freer
Phone: 949.250.8789
Fax: 949.250.8798
FrankF@Blackstonecp.com
www.blackstonecp.com
ELFA, NAELB, UAEL (N)
8
Nationwide
(except LA, AR and AK)

$50,000 to $2,000,000

Does Subprime Leases

Black Rock Capital
1994
George Booth
gkbooth@blackrockcapital.com
203.336-9200
www.blackrockcapital.com
EAEL, ELFA (E)
7
US Canada (F)

$50,000 to $3MM

$250,000 average transaction

Forum Financial Services, Inc.
1996
Tim O'Connor
972-690-9444 ext. 225
tim@forumleasing..com
2140 Lake Park Blvd. Suite 112 Richardson , TX 75080
www.forumleasing.com
NAELB & UAEL (W)
7
Nationwide

$50,000 to $1.0 million. Our average size transaction is $250,000.
Preferred Range
$100,000 to $500,000

Does Subprime Leases

   

Radiance Capital, LLC
2004
Michael Helm
253.573.9600 ext. 17
mhelm@radiance-capital.com
www.radiance-capital.com
UAEL (U)
7
Northwestern
(see comments)
$5,000 - $50,000
TEAM Funding Solutions
1992
Christopher Fielder, VP
$5000-$70,000
888-457-6700 ext. 106 / 512-258-6700 ext 106
512.692.0500 fax
whitney@teamfundingsolutions.com
www.teamfundingsolutions.com

NAELB & UAEL (Z)
7
All 50 States

$5000-$70,000

Does Subprime Leases

American Leasefund, Inc.
1999
Tom Davis
tom@alclease.com
800.644.1182 - PH
503.244.0845 - FX
www.alclease.com
UAEL (Q)
6
Idaho, Montana, Oregon, Washington

$3,500 - $50,000

Does Subprime Leases

Bankers Capital
1990
Larry LaChance - President
508-229-0660
llachance@bankers-capital.com
www.bankers-capital.com
UAEL (O)
6
Nartionwide - 50 States
$25,000 +
Cobra Capital LLC
2000
Dale Kluga, President
dale@cobrallc.com
630-573-2000
www.cobrallc.com
ELFA (G)
6
Nationwide

$50,000 to $1MM

$250,000 average transaction

Mesa Leasing, Inc.
2000
Norm Malkowski
Norm@MesaLeasing.com
www.mesaleasing.com
NAELB (C)
6
Arizona, California & Nevada

$10,000 to $200,000

Does Subprime Leases

Agility Solutions
2003
Hal Hayden
(928) 541-0771
halh@agilitysolutions.com
www.agilitysolutions.net
UAEL (V)
5
U.S.

$50,000 - $1,000,000
(Master Lease)

Does Subprime Leases

ABCO Leasing, Inc.
1974
Don Shipley
VP and General Manager
dons@abcoleasing.net
Phone: 800.995.1897
www.abcoleasing.net
ELFA, NAELB, and UAEL (D)
5
Western U.S.

$25,000 - $350,000

North South Leasing
2006
Bob Anderson
586-415-7600
bob@nsleasing.com
www.nsleasing.com

(BB)
5
Nationwide
(Trucks only)

$15,000

Does Subprime Leases

Barrett Capital Corporation
1975
Barry Korn
914-632-4200
Cell: 914.954.1900
Barrett@BarrettCapital.com
www.BarrettCapital.com
NVLA (H)

4
United States

Vehicles Only

$10,000 minimum

TechLease, L.L.C.
2002
Eric Paton, epaton@techlease.com
www.techlease.com
UAEL (T)
4
Nationwide
$20,000, average transaction size is $200,000
Gonor Funding
2001
Norman J. Gonor
ngonor@gonorfunding.com
818.784.5444
Jason Gonor
818.402.6999
www.gonorfunding.com (Y)
3
USA

$10,000 to $100,000 with an average of $25,000 - $35,000

Does Subprime Leases

   
Name
In Business Since
Contact
Website
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Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business.

It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section.

BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information

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(A) Pawnee Leasing Corporation; Some times we go higher than $30,000, but our marketplace is from $1,000 to $30,000. Broker Qualify - One year time in business

(B) * Allegiant Partners has expanded their maximum transaction size from $250,000 to $500,000 for the 5 western states of California, Oregon, Washington, Nevada and Arizona.
In addition to increasing the transaction size Allegiant is offering more competitve rates for these A- and B+ transactions. Broker Qualify - For Broker qualification please click here.
Allegiant.pdf

(C) Mesa Leasing, Inc., Industries served: Titled vehicles (Trucks, trailers, OTR, etc.), Construction, Restaurants, and all the other "hard to get approved" industries. Broker Qualify - NAELB Members preferred but not required

(D) ABCO Leasing, Inc. in Seattle area has been operating since 1974 serving the broker community. We required full financial disclosure on every transaction. We do story transaction, but do not like to refer to them as "C" of "D" credits. We think of therm as "A" type credits that have not been discovered yet. In actuallity, we do not really like to look at what most describes as "D" credits. Broker Qualify - Broker Qualification, contact:  Rowan Clark, Credit Manager
rowanc@abcoleasing.net Phone: 800.995.1897

(E) Black Rock Capital comment: We book anywhere between $15 to 20 million per year. We do no "app only" business and require a full financial package for each transaction. Our average size transaction is approximately $250k and, although, we concentrate in printing, packaging (steel rule die industry) and road construction equipment we do not rule out anything that makes sense. More information can be found at www.blackrockcapital.com. Broker Qualify - Please Call

(F) Black Rock Capital (Ireland) Limited and Black Rock Capital (UK) Limited provide the same services for small to middle market corporations in the European Economic Community and the United Kingdom.

(G) Cobra Capital, LLC. Comments: Our registered trademark "Making impossible possible" is our central marketing tagline for both strong and weak credits. I have developed a 10 year history, (from Cobra and my prior company GALCO), with specialty, non-conforming transactions (story credits) and have a solid reputation for candidly responding to our originators and lessees and working diligently to mitigate deal risk rather than making excuses to turn deals down. Our originators prefer our underwriting approach to non-conforming transactions since unlike most non-conforming funders, we prefer to mitigate risk versus jacking our return. Both Originators and Lessee's prefer our candid approach as we are also frequently asked to advise lessee's and lessors on the best way to structure their bank loans and raise capital due to our 25+ year banking and accounting backgrounds as my partner and I are both former bankers and CPA's.
|
Partners Bio | LaSalle Bank Reference | Cole Taylor Bank Reference | Broker Qualify - Please Call

(H) Barrett Capital Corporatio: Broker Qualify - Please Call

(I)

(J) Boston Financial & Equity Corporation, most of our leases are venture capital backed startups and turnarounds. We require full financial disclosures, CPA and internal statements, no tax returns. We do not required additional collateral, no PG's or RE needed. Do not send deals with large tax liens, especially if they are payroll taxes. Broker Qualify - A deal in hand and a full package

(K) Dakota Financial is a collateral-based direct funding source that specializes in C & D level transaction for customers who are unable to receive funding from traditional sources. Our nationwide program provides funding for start-ups as well as credit profiles that have prior bankruptcies, judgements, tax liens, repossessions or slow pays. I would say that the average credit score of our transactions is in the mid 500s. We have done many deals in the sub 500 range. Although we do all kinds of equipment, we specialize in trucks (including over the road owner operators), trailers, yellow iron and logging equipment. I encourage you to go to our website, www.dakotafinancial.com to find out more information including examples of recent funded transactions. Broker Qualify - Call or visit www.dakotafinancial.com/ broker.html

(L) IFC Credit Corporation also services on a regular basis "A" and "B" credits, but it also considers "story credits."  "As you say, we need to become comfortable with the credit and financial situation and learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. I would describe the B and C type credits we fund as companies having 'checkered earnings'." Broker Qualify - Please Call

(M) Creative Capital Leasing Group: "We are able to fund tough deals, bad credits, BK's, past tax liens, start ups, used equipment, etc., because we look outside the transaction for real estate, and marketable securities to take as additional collateral." Broker Qualify - Please call Broker Manager, Todd or Jason

(N) Blackstone Capital Partners, L.P. lends up to 50% of verified auction value for working capital and/or equipment financing requests (we of course include equipment to be acquired in our valuation). Using this formula, allows Blackstone to approve deals on the assets rather than the credit or cash flow that other lenders desire. Also being an asset lender, we are looking for hard assets i.e. yellow iron, machine tool, manufacturing lines, textile etc... We do not care for soft assets such as computers, furniture, restaurant, or "white elephants" (equipment that is too specific to the clients needs and was specially built for them - there would be no resell available and our liquidity if repossessed would be in jeopardy). If you have any questions, please feel free to call, we will do our best to help or seek the answer for you. Broker Qualify - Please Call

(O) Bankers Capital " We will do ANY Type of Equipment, in ANY industry, in ANY state.  We especially like 6-figure transactions with full financial packages no matter how good or bad they look.  We look to structure the story C&D credits with any kind of additional collateral that makes sense.  It could be with 2nd or 3rd mortgages on residential or commercial Real Estate, additional equipment, cash value life insurance, security deposits, vendor agreements.  We look for any way to make the deal work instead of looking for any way to decline the deal." Broker Qualify - Please contact Larry LaChance

(P) Financial Pacific Leasing supports a nationwide network of Brokers and Lessors. We specialize in "B" and "C" credits for established companies as well as companies under two years in business. Broker Qualify - Please Call or see "Prospective Broker" section on website

(Q) American Leasefund, Inc. funds small hard to do transactions under $50,000.00. Most of the transactions are "app only". We look for additional collateral or larger first payments to help the weaker credits. We maintain and service our own portfolio. All of our lessee billings are done via ACH. Broker Qualify - Please Call

(R) Dolsen Leasing has served the 11 Western States since 1958 and specializes in B & C Credits for established and new companies. We require a full financial package and offer both leases and financing for new and used equipment in the range of $10,000.00 to $250,000.00. Specialties include titled vehicles for both existing and new owner operators. Story credits are considered as long as credit has been reestablished and trends are positive. Credit decisions are based on old fashioned common sense, not credit scores, allowing us a very quick turnaround-often the same day. We accept broker business and also have in house salesmen. Broker Qualify - Please call or visit www.dolsenleasing.com

(S) We at Summit Leasing consider ourselves to be primarily "B" credit lenders, working almost exclusively through brokers. Broker Qualify - Contact us

(T) TechLease - due to previous experiences, TechLease is vertically focused on three primary sectors: Semiconductor, Media and Aerospace. We fund all deals and hold paper an all equipment under $250,000. Deals over $150,000 we typically want to meet the Lessee face-to-face. We prefer business in California, however we will fund nationwide. Broker Qualify - Please Call

(U) Radiance Capital LLC, specializing in B Credits, Story Credits, & More. Radiance Capital currently operates in AK, AZ, CA, CO, ID, OR, WA. Click here to read our product overview and Press Release.

(V) Agility Solutions; we fund all equipment used by Wireless Internet Service Providers.
Click here to see Leasing News story. Broker Qualify - Please Call

(W) Forum Financial Services, Inc., prefer venture capital backed start-ups and middle market to large corporate turnaround companies including companies in bankruptcy and post bankruptcy. Our absolute minimum sales for an established business with financial problems are $10.0 million. (this does not include venture capital backed start-ups). Broker Qualify - Please visit our website at www.forumleasing.com or call 972-690-9444 ext. 225

(X) Advantage Funding - While we also consider quality equipment leasing as a funder, in the title vehicle leasing business, we consider all types of situations and credits and speciality vehicles for commercial use. We have a history of understanding all types of title vehicle leasing. Broker Qualify - Please Call

(Y) Gonor Funding specializes in hard to fund leases with D credit. Collateral based with good rates and commission program. Broker Qualify - Please Call

(Z) TEAM Funding Solutions is a structured lender for brand new businesses or for older companies with previous credit problems. We do not credit score. The secret to producing an approval for C-Credits starts with interviewing your customer." Broker Qualify - Click here for Broker Enrollment Form.

(AA) Calfund, LLC finances 18 wheelers and some trailers for owner operators with substandard credit.

(BB) North South Leasing - We offer a second chance leasing option for Semi's. We install GPS on every truck and the customer pays $400; the unit is unique to that truck so it is non-refundable. Borkers earn a 5% commission.

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CIT takes subprime hit/takes action

"Net loss attributable to common shareholders was $46.3 million for the current quarter, versus net income of $290.8 million last year." Despite the home lending segment, the CIT Group, NY, said

their “... results were driven by improved finance revenue on higher earning assets, stable net finance revenue as a percentage of average earning assets, continued strong commercial credit quality, lower expense levels and a lower effective tax rate.

“We made good strategic progress this quarter in a very challenging market environment which highlights the value of our model and the resilience of our franchise,” said Jeffrey M. Peek, Chairman and Chief Executive Officer of CIT. “CIT's commercial businesses continued to perform well with strong asset growth, increased revenues and stable credit quality. We also advanced our home lending liquidation strategy and mitigated risk through plans to sell $875 million worth of non-performing loans, all while raising $10 billion in asset backed financing.”

In addition, CIT Group announced that it has made plans to sell 24 million equity units with a stated amount of $25 for a total stated amount of $600 million. The net proceeds will be used for general corporate purposes. The Company has also granted the underwriters a 30-day option to purchase up to 3.6 million additional equity units, or an additional stated amount of $90 million to cover over-allotments.

The equity units will initially consist of a contract to purchase CIT common stock and a 2.5% beneficial ownership interest in a $1,000 principal amount senior note due November 15, 2015. Under the purchase contract, holders are required to purchase CIT common stock no later than on November 17, 2010.

Morgan Stanley & Co. Incorporated and Citigroup Global Markets Inc. are the joint bookrunners for the offering and Banc of America Securities LLC, Goldman, Sachs & Co. and Lehman Brothers Inc. are co-managers.

It is not secret regarding the subprime mortgage write-offs of major banks and financial institutions, such as CIT. According to CIT other action they have taken includes:

§ Closed the orig ination operations (as previously announced) and recorded a pre-tax charge of $39.6 million (EPS decrease of $0.12);

§ Retained $9.7 billion of the portfolio to be liquidated under contractual terms over time (now classified as held-for-investment), of whi ch approximately $7.5 billion of collateral was securitized (proceeds of $4.3 billion in September and $0.8 billion in October, accounted for as on-balance sheet non-recourse, secured borrowings);

§ Contracted to sell approximately $875 million of non-perf orming and delinquent loans in October at prices approximating the September 30, 2007 adjusted carrying value. Continuing to market the balance of loans in held-for-sale; and

§ Generated $23 million of income in the home lending segment, excluding the afo rementioned charges, (EPS contribution of $0.12).

Full press release with financial statement and conference call:
http://ir.cit.com/phoenix.zhtml?c=99314&p=irol-IRHome

 

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Ahsan: UAEL Volunteer of Month


Mohammed Ahsan
Quail Capital

QuailCap CEO Mohammed Ahsan has been in the leasing industry for over 26 years; the majority of that time with major banks and financial companies such as Crocker Bank, Westinghouse Credit, Atlantic Financial Bank, Mitsubishi Bank, Bank of California and First Sierra Financial.

In 1999, Mohammed culminated his career in which he has been responsible for over a billion dollars worth of lease fundings by co-founding Quail Capital Corp. He has served as its President ever since.

Mohammed Ahsan has served twice as Regional Chairman for United Association of Equipment Leasing Los Angeles/Southern California Region and on the UAEL Board of Directors Nom ination Committee. He has also addressed conventions and seminars for UAEL.

Mohammed is also active in the community. He is President elect of the U.S.-Bangladesh Business Forum and Vice President of the City of Los Angeles Lotus Festival Advisory Board. In 2006, he traveled to China as a member of a business delegation lead by LA's Mayor's Office and the Latin Business Association (LBA).

He received his MBA in 1980 from California State University.

Mohammed Ahsan
Quail Capital
2310 W. Victory Blvd.
Burbank, CA 91506
(818) 843-8686 x23
Fax (818) 843-3767
mahsan@quailcap.com

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

Dear friends and associates:

It is our pleasure to announce the promotion of Rick Rodman to the position of Vice President – Credit. Rick as been a key member of our team since inception.

Please join us in congratulating him.

Sincerely,

Quail Capital Corp
Mohammed Ahsan
President

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

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Classified Ads---Help Wanted

Leasing Industry Help Wanted

Funding/Lease Processor


Funding/Lease Processor
Los Angeles, California

Organized, detail person, 1 yr min. Brokering/discounting exp. Unlimited career growth.Contact: jdobens@taycor.com

Taycor has been in business for over 10 years with access to every major funding source.

 

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ELFA Conference: Register at Door Available

Registration on line is now closed for the 46th Annual Equipment Leasing and Finance Association (ELFA) Convention, October 28 – 30, Orlando, Florida.

Registration is available at the convention site.

There are now a limited number of rooms available at the Walt Disney World Dolphin Hotel. Please call the ELFA group coordinator, Nadia Rodriguez, at 407-934-4861 for assistance, if need.

A full slate of breakout sessions covering crucial industry issues. Unparalleled networking opportunities. If neither of those are enough to pique your interest over ELFA's 2007 Annual Convention, perhaps the fact that this year's convention features prominent speakers selected to both inform and entertain.

And if you want specifics…

Winner of the 1978 Pulitzer Prize for distinguished commentary and a member of the Pulitzer Board from 1995 to 2004, William Safire has a long and distinguished career in American letters. Working as a senior White House speechwriter for President Nixon, Safire went on to write a political column on the Op-ed pages of The New York Times from 1972 to early 2005, and continues to write a Sunday column, "On Language," which has appeared in The New York Times Magazine since 1979. In addition to his duties at the Times, he has also published 14 books and received the Presidential Medal of Freedom in 2006.

Mr. Safire's keen observations and insights involving nearly thirty years of American and world politics, as well as his longstanding association with the publishing industry makes this an opportunity not to be missed. All of which adds up to just one more reason we can count on seeing you in Orlando!

Those attending—

by name:
http://leasingnews.org/PDF/ELFA%2046th%20Annual%20Convention_name_order.pdf

by company:
http://leasingnews.org/PDF/ELFA%2046th%20Annual%20Convention.pdf

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

First South Bancorp, Inc. Reports September 30, 2007 Earnings

Washington, North Carolina - First South Bancorp, Inc. (NASDAQ: FSBK) (the “Company”), the parent holding company of First South Bank (the “Bank”), reports its unaudited earnings for the quarter ended September 30, 2007, the third quarter of its fiscal year ending December 31, 2007, and its unaudited earnings for the nine months ended September 30, 2007.

Net income for the quarter ended September 30, 2007 was $4,258,258 compared to net income of $4,317,013 earned in the quarter ended September 30, 2006. Diluted earnings per share were $0.42 per share for the quarter ended September 30, 2007 and $0.43 per share for the quarter ended September 30, 2006.

Net income for the nine months ended September 30, 2007 was $12,867,342 compared to net income of

$12,827,219 earned in the nine months ended September 30, 2006. Diluted earnings per share were $1.28 per share for the nine months ended September 30, 2007 and $1.29 per share for the nine months ended September 30, 2006.


Thomas A. Vann
President & CEO of First South Bank & First South Bancorp

“The relatively flat yield curve between short-term and long-term interest rates, combined with the Federal Reserve Bank's rate cut and intense competition provided a challenging interest margin environment during the current quarter,” Tom Vann, President and Chief Executive Officer of the Company, stated. ”Looking forward to the fourth quarter and to next year, we are cautiously optimistic as intense competition and pricing pressures continue on both deposits and loans, and will continue to challenge asset and liability and interest rate risk management. Although we are pleased with our current quarter and year-to-date performance, we do anticipate some volatility ahead.”

Full press release at:
http://www.firstsouthnc.com/aboutus/newsroom/
" press_releases_documents/2007/earnings_sept_2007.pdf

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

McFadden Launches New Company

Robert McFadden, Ex VP of GE Capital's Office Imaging Division has formed the McFadden Consulting Group (MCG). MCG will be providing assistance to OEM's, Distributors and VARs with all their equipment leasing decisions. The services will range from streamlining vendor's internal leasing processes, to helping them determine the right leasing partners to assistance in program agreement negotiations.

MCG will assist equipment / bank finance companies in several areas as well, such as ; the formation of vendor leasing divisions, developing compensation structures, value proposition & product segmentation as well as sales force training.

McFadden has over 20 years of experience in the vendor leasing industry in various senior level roles.

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

U.S. Bank Equipment Finance Names New Vice Presidents In Vendor Finance Group.

CHICAGO and JACKSONVILLE, Fla. — U.S. Bank Equipment Finance has named Lou Altobelli and Brian Phelps as vice presidents of sales and business development in its vendor finance group, with a primary focus on building and managing vendor programs with dealers and manufacturers of equipment applied in the healthcare industry.

Altobelli has 25 years of success developing and managing vendor programs tailored for the changing business needs of the industry's vendors. He was most recently a program general manager with GE Healthcare Financial Services, where he managed its largest vendor program. Prior to that he was with HPSC, Inc.'s Medical Group, American Express Business Finance-Healthcare Finance group, GE Capital's Vendor Financial Services, and Trans Leasing.

With more than 22 years of lease finance experience, Phelps has held senior level positions in sales, marketing, operations and asset management. Most recently he served as senior vice president business development with Heartland Business Credit, Inc. and prior to that held leadership positions with Wells Fargo Financial Leasing, Inc., Innovative Financial Solutions, Inc. and Tokai Financial Services, Inc.

“Both Lou and Brian have successful track records which they established during their many years in senior sales and management roles with leading companies,” said Kyin Lok, senior vice president of vendor finance and to whom both report. “Their combined relationship management skills and healthcare expertise will contribute greatly to business growth for us and further our goal to be the vendor finance lender-of-choice in healthcare.”

Altobelli, based in Chicago, earned a bachelor's degree from Northern Illinois University. He can be reached at 800-860-5199. Phelps, based in Jacksonville, Florida, earned his bachelor's degree from the University of Delaware, Newark. He can be reached at 800-764-4543.

U.S. Bank Equipment Finance, one of the largest bank-affiliated equipment finance companies in the nation, has been providing quality equipment finance solutions for more than 35 years. It's a major funding source for companies in virtually every industry sector nationwide. The vendor finance group specializes in developing formal vendor program relationships targeting vendors in a wide range of industries. Visit U.S. Bank Equipment Finance online at www.usbank.com/leasing.

U.S. Bank Equipment Finance is part of U.S. Bancorp (NYSE: USB). With $228 billion in assets, U.S. Bancorp is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,512 banking offices and 4,870 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

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

Zions reports $132 MM profit

SALT LAKE CITY, – Zions Bancorporation (Nasdaq: ZION) (“Zions” or “the Company”) today reported third quarter net earnings applicable to common shareholders of $132.0 million, or $1.22 per diluted common share, compared to $153.7 million or $1.42 per diluted common

share for the third quarter of 2006. The return on average common equity was 10.50% compared to 12.50% for the second quarter of 2007 and 13.41% for the third quarter of 2006.

Comparisons to 2006 include the impact of the Company's acquisition of The Stockmen's Bancorp, Inc., which became effective January 17, 2007.

Third Quarter 2007 Key Performance Highlights Compared to Second Quarter 2007

• Loan growth of $1.0 billion.
• Increased credit costs:
Provision for loan losses of $55.4 million, up $37.6 million.
Net loan and lease charge-offs of $18.1 million, up $9.4 million.
Nonperforming assets of $196.6 million, up $101.2 million.
• Net interest margin of 4.44%, down nine basis points.
• Average core deposits increased slightly; average total and demand deposits decreased slightly.

Full press release at:

http://www.snl.com/Cache/5035366.PDF?FID=5035366&O=PDF&T=&D=&IID=100501&Y =

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

Huntington reports $138.2 MM Profit

COLUMBUS, Ohio – Huntington Bancshares Incorporated (NASDAQ: HBAN;www.huntington.com) reported 2007 third quarter earnings of $138.2 million, or $0.38 per common share. Earnings in the year-ago third quarter were $157.4 million, or $0.65 per common share.

(The press release discusses Sky Financial acquisition, but not recent filings by leasing companies or NorVergence and similar problems. editor.)

Full press release here:

http://www.investquest.com/iq/h/hban/ne/finnews/hban37.pdf

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

Willis Lease Adds Alaska Airlines to North American Lease Pool

SAUSALITO, Calif., -- Willis Lease Finance Corporation (Nasdaq:WLFC), a leading lessor of commercial jet engines, today announced that Alaska Airlines (NYSE:ALK) has joined the North American engine sharing agreement previously established with American Airlines (NYSE:AMR), Southwest Airlines (NYSE:LUV) and WestJet (TSX:WJA) covering CFM56-7B engines used to power Boeing 737 Next Generation aircraft. The North American pool, now with the addition of Alaska Airlines, represents over 500 aircraft to be serviced by the pool.

"The addition of Alaska Airlines to the North American engine sharing program further demonstrates the appeal of this program for airlines seeking to efficiently manage assets," said Charles F. Willis, President and CEO. "We are delighted to welcome Alaska Airlines into the pooling program."

Alaska Airlines began studying the benefits of the Willis Lease engine pooling in the summer of 2006, joined the program in September 2007 and immediately leased an engine through this program.

"Pool membership is an effective tool to help us hold down spare engine costs while providing nationwide emergency support," said Chris Shams, Manager-Engine Vendor Maintenance Programs for Alaska Airlines. "Willis has been a good supplier of spare engines to Alaska over the years, and this new pooling program is a welcome advancement in engine support," said Fred Mohr Alaska's V.P. Maintenance.

"By better utilizing each pool member's spare CFM56-7B engines, we can collectively improve spare engine productivity by as much as 30% to 50%. Additionally, we anticipate that availability of spare engines will be equal to or better than any single member working independently," said Dave Tegeler, V.P. North America for Willis Lease. "As the CFM engines mature, we expect demand for spares to increase substantially over the next few years."

About Willis Lease. Willis Lease Finance Corporation leases spare commercial aircraft engines, parts, and aircraft to commercial airlines, aircraft engine manufacturers and maintenance, repair and overhaul providers. These leasing activities are integrated with the purchase and resale of used and refurbished commercial aircraft engines.

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SNL Financial's Bank Deposit Market Share Ranking Shows Bank of America as No. 1

JP Morgan Chase retains hold on second, while Wachovia bests Wells Fargo

Charlottesville, Va. – SNL Financial's newly released 2007 bank branch deposit data shows that, on a pro forma basis including the LaSalle deal, Bank of America Corp. is quickly nearing the 10% national market share threshold, with 9.92% of total U.S. deposits. This is based on SNL's analysis of deposit market share for more than 97,000 branches of FDIC-insured institutions. SNL exclusively tracks market share on a pro forma basis, accounting for pending and completed mergers.

Among other highlights from SNL's pro forma analysis of the FDIC's 2007 summary of deposits: Wachovia returned to No. 3 in the deposit rankings with 5.86% of U.S. market share, after falling behind Wells Fargo & Co. in 2006. JPMorgan Chase & Co. held on to second place with 7.01% of U.S. market share. Capital One's purchase of North Fork Bancorp. Inc. helped it move into the top 25 this year.

“The release of this data shows that with the recent LaSalle deal, Bank of America is quickly approaching the 10% national market share deposit threshold. The data highlights this fact and puts BofA under a microscope. We will continue our tracking as we may see BofA divest its branches in slower growth markets in the near future,” said Kris Niswander, SNL's senior industry analyst

SNL released 2007 deposit data only 72 hours after the issue of the latest FDIC Summary of Deposits data and months ahead of any other commercial service. The data is essential for updating market share, M&A and demographic models. SNL tracks the opening of new branches, as well as closed and proposed branches. Historical market share and deposit trending of an institution, as well as imputed loan compositions, are all available at the branch level. Updated demographic data shows income, population growth and various other metrics that help institutions assess the underlying strength of the markets of their branch network.

SNL's 2007 bank branch deposit data is available exclusively as part of SNL Unlimited service for Financial Institutions. To find out more about SNL Unlimited, contact sales@snl.com or 866-296-3743.

About SNL Financial

SNL collects, standardizes and disseminates all relevant corporate, financial, market and M&A data — plus news and analysis – for the Energy, Banking, Specialized Financial Services, Insurance, Real Estate and Media & Communications industries. For more information, visit www.SNL.com .

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News Briefs----

Earnings Fall 32 Percent at Bank of America
http://www.nytimes.com/2007/10/18/business/18cnd-bank.html?_r=1&hp=&adxnnl=1&oref=slogin&adxnnlx=1192734374-QfsrT4CvrnatHsDu/Tv+IQ

Financial One sees China leasing market surging http://beta.malaysia.news.yahoo.com/rtrs/20071015/tap-financialone-china-c3bb44c.html

Provident Bank 3Q profit falls/Alan Fabian lease at fault?
http://www.bizjournals.com/baltimore/stories/2007/10/15/daily34.html?ana=from_rss

Capital One posts 3Q net loss on charges
http://seattletimes.nwsource.com/APWires/business/D8SBUG3G0.html

Rates on 30-year mortgages unchanged at 6.40%
http://www.usatoday.com/money/economy/housing/2007-10-18-mortgage-rates_N.htm

Home Building slowest since 1993
http://www.washingtonpost.com/wp-dyn/content/article/2007/10/17/AR2007101702307.html

Massachusetts toughens rules on mortgages
http://www.boston.com/business/globe/articles/2007/10/18/state_toughens_rules_on_mortgages/

Wal-Mart cuts price on 15,000 items ahead of the holiday
http://www.chicagotribune.com/business/chi-071018walmart-price,0,1925920.story

Crude oil futures surpass $90 a barrel for the first time on speculative buyi
http://www.signonsandiego.com/news/business/20071018-1533-oilprices.html

Google's 3rd-quarter profit hurdles expectations
http://seattletimes.nwsource.com/html/businesstechnology/2003960286_webgoogle18.html

Southwest Airlines profit rises as demand remains strong
http://www.usatoday.com/money/industries/travel/2007-10-18-swa-q3_N.htm

Joey Bishop dead at 89
http://news.yahoo.com/s/ap/20071018/ap_en_ot/obit_bishop

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You May have Missed---

On the seventh day of Cheshvan, fifteen days after the conclusion of the festival [of Sukkot], one begins to pray for rain. This is to allow the very last Jew to reach the Euphrates River

http://www.leasingnews.org/Pages/YouTube_Video2.htm

Click play twice!!!

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Sports Briefs----

Torre Rejects offer from the Yankees
http://bats.blogs.nytimes.com/2007/10/18/torre-meets-with-the-yanks-in-tampa/index.html?hp

Dilfer to start Sunday for 49ers
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/10/18/SPK9SSCP5.DTL

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“Gimme that Wine”

The Six Bucks-an-Hour Gardener Who Became a Top Dollar Pinot Wiz
http://wine.appellationamerica.com/wine-review/492/Sal-Godinez.html

Pinot on the Russian River
http://wineabout.pressdemocrat.com/default.asp?item=688025

Winemakers look to hardy hybrids for solutions to environmental challenge
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/10/12/WIN9RDO31.DTL

Winery employees charged with stealing wine
http://www.sthelenastar.com/articles/2007/10/18/news/local/doc4716b5005ba9e453537027.txt

Red Wine Ingredient -- Resveratrol -- Fights Diabetes In Mice
http://www.sciencedaily.com/releases/2007/10/071002131152.htm

Gore on climate change and wine
http://wineabout.pressdemocrat.com/default.asp?item=685791

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

The London International Vintners Ex

change (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/

[headlines]

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7 Cheshvan, 5768
During the Second Temple Era (circa 230 BCE), Cheshvan 7 was the date on which the Jew most distant from the Holy Temple -- who resided on the banks of the Euphrates River, a 15-day journey's distance from Jerusalem -- arrived at his homestead upon returning from the Sukkot pilgrimage. All Jews would wait for this before beginning to pray for rain. Cheshvan 7 thus marked the return to everyday activities following the spirituality of the festival-rich month of Tishrei.
http://www.chabad.org/library/article_cdo/aid/2598/jewish/The-Last-Jew.htm

Chung Yeung Festival
http://en.wikipedia.org/wiki/Double_Ninth_Festival

Look Back On Your Life Day
http://holidayinsights.com/moreholidays/October/evaluateyourlifeday.htm

National Mammography Day
On this day, or throughout the month of October, radiologists provide discounted or free screening mammograms. www.nbcam.org

Yorktown Day
More than 7,000 English and Hessian troops, led by British General Lord Cornwallis, surrendered to General George Washington at Yorktown, Va., effectively ending the war between Britain and the American colonies. There were no more major battles, but the provisional treaty of peace was not signed un November 30, 12782 and the final Treaty of Paris, September 3, 1783. Cornwallis never surrendered himself or gave up his sword. He went back to Britain as a hero and later was made Chancellor of all India. Over 300 British colonists who fought with the loyalist moved to Canada where they were granted land for their support during the war; many also moved back to England.

Saint feast Days

http://www.catholic.org/saints/f_day/oct.php

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The average person makes 1,140 phone calls a year.

(Doesn't include teenagers or leasing brokers. editor)

 

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Today's Top Event in History

1917 - The first doughnut was fried by Salvation Army (who would found the United Service Organization) volunteer women for American troops in France during World War I. The first of a group of 250 Officers and Soldiers of The Salvation Army to be posted to France to serve with General John Pershing's American expeditionary force sailed from New York on August 12th 1917. General Pershing was far from convinced that The Salvation Army's presence at the Front Line would benefit his troops and at first the Salvationists were treated with total indifference. At Demange, in the American first division sector, Salvationists toiled in pouring rain to build a hut 25 feet wide by 100 feet long for the troops benefit. No one gave them the time of day, much less a hand. What swung the troops to The Army's side was their practical example. No task was too menial, none too dangerous or difficult. But The Salvation Army won pride of place in American hearts by a brain wave born of sheer necessity. At Montiers, after 36 days of rain, supplies were almost exhausted. Only flour, lard and sugar remained. Ensign Margaret Sheldon, from the Chicago slums made a suggestion which was to go down in history. "Why don't we make them doughnuts?" They had no rolling pins or cake cutters and gales had blown down their tent but Salvationists thrive on challenges. Along with Ensign Helen Purviance, Margaret Sheldon crouched in the rain to prepare the dough. An empty bottle did duty as a rolling pin and in place of a cutter they used a knife to twist the doughnuts into shape. The first doughnuts cooked over a wood fire were triumph of improvisation. On the first day they served up some 150 doughnuts. The following days batch topped 300. The traditional hole now being punched out with the inner tube of a coffee percolator. The doughnuts made by The Salvation Army Lassies were an instant success with the troops. Some lining up for hours in appalling conditions for their daily supply. Soon the troops came to realize that even in the firing line The Salvationists would not neglect them. When Lassies like Ensign Florence Turkington crawled under shell fire to deliver coffee an doughnuts to troops in the trenches, letters praising the work of The Salvation Army began flooding back home. Over night the bewildered lassies found themselves national heroines. Although often in great danger The Salvationists displayed tremendous courage. At Baccarat they worked so close to the German lines that they couldn't even whisper for fear of being heard by the listening posts. The sermon that came with the coffee and doughnuts was a friendly squeeze on the shoulder.The Doughnut became a symbol of The Salvation Army in the U.S.A. Outside many of The Army rest rooms and hostels were hung giant "doughnuts". The Army, by selfless example, had won the hearts of a nation. At the end of the war the American people subscribed an unprecedented 13 million dollars to meet the debts incurred by The Salvation Army in its' war work.

[headlines]

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This Day in American History

   1739 - England declared war on Spain over borderlines in Florida. The War is known as the War of Jenkins' Ear because a Member of Parliament waved a dried ear and demanded revenge for alleged mistreatment of British sailors. British seaman Robert Jenkins had his ear amputated following a 1731 barroom brawl with a Spanish Customs guard in Havana and saved the ear in his sea chest.
   1781- Washington takes Yorktown. By 1780, the Continental Army had suffered its worst privations, it greatest defeats, and its darkest hours. October was a terrible month in 1780. It would continue to lose battles but, by this time turned into a well-trained fighting force by European officers and aided by allied French forces, it endured and historians consider the American Revolutionary War ended this day in 1781 when more than 7,000 English and Hessian troops, led by British General Lord Corwallis, surrendered to General George Washington at Yorktown, Virginia, effectively ending the war between Britain and her American colonies. The military phase of the conflict ended at Yorktown as there were no more major battles, but the diplomatic struggle continued. Preliminary articles of peace were secured on November 30,1782, after long and difficult negotiations. The Treaty of Paris, by which the war was officially ended and independence formally acknowledged by Great Britain, was not signed until September 3,1783. Adding to the disagreements was communication by ship and even meetings locally were delayed as the pace of public transportation in the U.,S. was painfully slow. It took Thomas Jefferson five days to travel from Philadelphia to Baltimore. The time delay also gave over 100,000 “loyalist” the time to fled the U.S. Also known as Tories, they had suffered various penalties for their loyalty to the Crown, including confiscation of property, removal from public office, and punitive taxation. Probably no more than 10% of the colonials were Tories, who were generally well-to-do, engaged in commerce or the professions, or public officials. Many fled to Canada, some to England. Some returned after the peace treaty was actually signed. After the conflict, many were also able to recover at least some of their confiscated property. The estimated colonial population was 2,781,000
http://www.richardferrie.com/aboutbook.htm
http://www.lcweb.loc.gov/exhibits/treasures/trt022.html
http://xroads.virginia.edu/~CAP/ROTUNDA/york_1.html
http://bluehawk.monmouth.edu/~library/mumford.html
   1829—The monument to George Washington was completed this day in Baltimore, MD. The cornerstone was laid on July 4, 1815, with Masonic ceremony.
   1833 -- Edgar Allen Poe's "Ms. Found in a Bottle" appears in "Baltimore Sunday Visitor".
   1842 -- Military forces, believing war has begun, occupy Monterey, Calif., Mexico.
   1844 - The famous "Lower Great Lakes Storm" occurred. Southwesterly winds were at hurricane force for five hours, driving lake waters into downtown Buffalo NY. The storm drowned 200 persons.
   1848 - John "The Pathfinder" Fremont moved out from near Westport, Missouri, on his fourth Western expedition--a failed attempt to open a trail across the Rocky Mountains along the 38th parallel. It was not until scout Christopher "Kit" Carson did Fremont find passage West.
   1849 -- Elizabeth Blackwell became first woman in the country to receive medical degree.
1850-- Annie Smith Peck, shocks society by wearing trousers when she climbed mountains. She had conquered every large mountain in the Western Hemisphere and at age 85 she climbed Mount Madison in New Hampshire.
1876-Birthday of “Three Finger Brown;” Mordecal Peter Centennial, Baseball Hall of Fame pitcher born at Nyesville, IN. Brown won 239 games. His nickname came from a childhood injury that cost him one finger and misshaped others. Inducted inot the Hall of Fame in 1949. died at Terre Haute, IN. Feb 14, 1948.
1895 - Historian Lewis Mumford Birthday.
1901 - Arleigh A. Burke, admiral (WW II, Solomon Islands, Navy Cross), was born in Colorado. Although unable to complete his high school education because the school was closed during the flu epidemic in 1917, he competed successfully for an appointment to the U.S. Naval Academy. Convinced that the inadequacies of his secondary education put him behind other Midshipmen in his class, Burke decided that he could only overcome this deficiency by working more diligently at his studies than the others. This plan paid great dividends, and he graduated in 1923 in the top sixth of his class. Taking this lesson strongly to heart, he remained a believer in the benefits of sustained hard work throughout his Navy career. During the interwar years, Arleigh Burke honed his skills as a surface warfare officer, serving initially in the battleship USS Arizona, obtaining a postgraduate degree in ordnance engineering, and rising eventually to command a destroyer. It was in this formative period of his career that he learned the importance of the Navy adage "loyalty up, loyalty down"--if you expect loyalty from your people you must be loyal to them in return. During World War II, Burke commanded Destroyer Squadron 23 (the "Little Beavers") during combat in the South Pacific. Developing successful tactics to overcome Japanese advantages in night surface operations, he earned fame as "31-knot" Burke during the 1943 battles of Empress Augusta Bay and Cape St. George. It was in this period that his belief in the importance of thorough training was validated--as he explained to his subordinates, in combat your outfit could expect to do only about as well as it had trained to do beforehand. During Dwight Eisenhower's terms as President in the 1950s, Arleigh Burke served as Chief of Naval Operations (CNO) for six years. While CNO he initiated efforts such as the submarine-launched Polaris ballistic missile program that tremendously strengthened the U.S. Navy's military capabilities.
   1915 - Establishment of Submarine Base at New London, Connecticut. In 1868, Connecticut gave the Navy land and, in 1872, two brick buildings and a "T" shaped pier were built and officially declared a Navy Yard. Today the Naval Submarine Base New London (SUBASE NLON), located on the east side of Thames River in Groton, CT, proudly claims its motto to be "The First and Finest."
   1917 - The first doughnut was fried by Salvation Army (who would found the United Service Organization) volunteer women for American troops in France during World War I. The first of a group of 250 Officers and Soldiers of The Salvation Army to be posted to France to serve with General John Pershing's American expeditionary force sailed from New York on August 12th 1917. General Pershing was far from convinced that The Salvation Army's presence at the Front Line would benefit his troops and at first the Salvationists were treated with total indifference. At Demange, in the American first division sector, Salvationists toiled in pouring rain to build a hut 25 feet wide by 100 feet long for the troops benefit. No one gave them the time of day, much less a hand. What swung the troops to The Army's side was their practical example. No task was too menial, none too dangerous or difficult. But The Salvation Army won pride of place in American hearts by a brain wave born of sheer necessity. At Montiers, after 36 days of rain, supplies were almost exhausted. Only flour, lard and sugar remained. Ensign Margaret Sheldon, from the Chicago slums made a suggestion which was to go down in history. "Why don't we make them doughnuts?" They had no rolling pins or cake cutters and gales had blown down their tent but Salvationists thrive on challenges. Along with Ensign Helen Purviance, Margaret Sheldon crouched in the rain to prepare the dough. An empty bottle did duty as a rolling pin and in place of a cutter they used a knife to twist the doughnuts into shape. The first doughnuts cooked over a wood fire were triumph of improvisation. On the first day they served up some 150 doughnuts. The following days batch topped 300. The traditional hole now being punched out with the inner tube of a coffee percolator. The doughnuts made by The Salvation Army Lassies were an instant success with the troops. Some lining up for hours in appalling conditions for their daily supply. Soon the troops came to realize that even in the firing line The Salvationists would not neglect them. When Lassies like Ensign Florence Turkington crawled under shell fire to deliver coffee an doughnuts to troops in the trenches, letters praising the work of The Salvation Army began flooding back home. Over night the bewildered lassies found themselves national heroines. Although often in great danger The Salvationists displayed tremendous courage. At Baccarat they worked so close to the German lines that they couldn't even whisper for fear of being heard by the listening posts. The sermon that came with the coffee and doughnuts was a friendly squeeze on the shoulder.The Doughnut became a symbol of The Salvation Army in the U.S.A. Outside many of The Army rest rooms and hostels were hung giant "doughnuts". The Army, by selfless example, had won the hearts of a nation. At the end of the war the American people subscribed an unprecedented 13 million dollars to meet the debts incurred by The Salvation Army in its' war work.
    1926 - John C. Garand patented a semi-automatic rifle. Civil Service employee John Garand was in a class all by himself, much like the weapons he created. Garand was Chief Civilian Engineer at the Springfield Armory in Massachusetts. Garand invented a semiautomatic .30 caliber rifle, known as the M-1 or "the Garand," which was adopted in 1936 after grueling tests by the Army. It was gas-operated, weighed under 10 pounds, and was loaded by an 8-round clip. It fired more than twice as fast as the Army's previous standard-issue rifle and was praised by General George S. Patton, Jr., as "a magnificent weapon" and "the most deadly rifle in the world."
1938 - For Decca records, the Bob Crosby Orchestra recorded "I'm Free". Trumpet was provided by Billy Butterfield. A few years later the song would be retitled, "What's New".
   1939 - One of Frank Capra's finest films, Mr. Smith Goes to Washington, opened in the United States. Starring James Stewart, Jean Arthur, Claude Rains, Harry Carey, Sr., and Edward Arnold, the film about a young idealist who discovers nothing but corruption in the government did well at the box office. It received many Oscar nominations, including Best Picture, Best Actor, Best Supporting Actor, and Best Director, but was knocked out of most at awards' time due to Gone with the Wind's sweep; it did snag, however, Best Writing, Original Story for writer Lewis R. Foster, and Stewart received the New York Film Critics Circle Awards for Best Actor.
   1949 - No. 1 Billboard Pop Hit: ``That Lucky Old Sun,'' Frankie Laine.
   1944--1944--US Navy opened to Black women.
1944--HAJIRO, BARNEY F. --- Medal of Honor
for conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty:
Private Barney F. Hajiro distinguished himself by extraordinary heroism in action on 19, 22, and 29 October 1944, in the vicinity of Bruyeres and Biffontaine, eastern France. Private Hajiro, while acting as a sentry on top of an embankment on 19 October 1944, in the vicinity of Bruyeres, France, rendered assistance to allied troops attacking a house 200 yards away by exposing himself to enemy fire and directing fire at an enemy strong point. He assisted the unit on his right by firing his automatic rifle and killing or wounding two enemy snipers. On 22 October 1944, he and one comrade took up an outpost security position about 50 yards to the right front of their platoon, concealed themselves, and ambushed an 18-man, heavily armed, enemy patrol, killing two, wounding one, and taking the remainder as prisoners. On 29 October 1944, in a wooded area in the vicinity of Biffontaine, France, Private Hajiro initiated an attack up the slope of a hill referred to as "Suicide Hill" by running forward approximately 100 yards under fire. He then advanced ahead of his comrades about 10 yards, drawing fire and spotting camouflaged machine gun nests. He fearlessly met fire with fire and single-handedly destroyed two machine gun nests and killed two enemy snipers. As a result of Private Hajiro's heroic actions, the attack was successful. Private Hajiro's extraordinary heroism and devotion to duty are in keeping with the highest traditions of military service and reflect great credit upon him, his unit, and the United States Army.
   1944 - Marlon Brando made his New York stage debut at age 20 in the hit Broadway play, I Remember Mama. Playwright John Van Druten adapted Kathryn Forbes' novel, Mama's Bank Account. The show will become one of televisions first big hits in the late 1940's.
1950- "The Adventures of Ellery Queen" premiered. My father, Lawrence Menkin, wrote many of the episodes. In each of the shows Queen talked to the home audience at the show's climax to see if they were able to identify the killer. These people played Ellery Queen during the several year TV series: Lee Bowman, Hugh Marlowe, George Nader, Lee Phillips, Peter Lawford and Jim Hutton.
   1951---Top Hits
Because of You - Tony Bennett
I Get Ideas - Tony Martin
Cold, Cold Heart - Tony Bennett
Always Late (With Your Kisses) - Lefty Frizzell
   1953 - Popular singer of her time, Julius LaRosa, was fired on the air by Arthur Godfrey. "Julie lacks humility," Godfrey told the stunned audience, while putting his arm around LaRosa adding, "So, Julie, to teach you a lesson, you're fired!" This ended his career, and Godfrey also was never the same.
1956-- The U.S. Supreme Court unanimously strikes down two Alabama laws requiring racial segregation opublic buses.
1957—Maurice “Rocket” Richard of the Montreal Canadiens became the first player in the National Hockey League to score 500 goals when he tallied against the Chicago Blackhawks in a 3-1 Montreal victory. Richard finished his career with 544 goals and entered the Hockey Hall of Fame in 1961.
1957 - No. 1 Billboard Pop Hit: ``Jailhouse Rock,'' Elvis Presley.
1959 - The Miracle Worker, based on the childhood training of deaf and blind Helen Keller, and starring Anne
Bancroft and 12-year-old Patty Duke, opened on Broadway to favorable reviews.
   1959---Top Hits
Mack the Knife - Bobby Darin
Put Your Head on My Shoulder - Paul Anka
Mr. Blue - The Fleetwoods
The Three Bells - The Browns
   1960 - The United States State Department embargoed the shipment to Cuba of all goods except medicine
and food.
   1960 -- Martin Luther King, Jr., & 35 students choose jail after arrest for sit-in requesting service at the
snack bar of Atlanta's Rich's department store.
1963 - Buck Owens started a 16-week run at top of the U.S. Country chart with "Love's Gonna Live Here". It eventually became the biggest of all the Buck Owens hits.
   1967---Top Hits
The Letter - The Box Tops
To Sir with Love - Lulu
Little Ole Man (Uptight-Everything's Alright) - Bill Cosby
I Don't Wanna Play House - Tammy Wynette
1967 -- The Jefferson Airplane perform at Loews Warfield Theatre on Market Street, San Francisco.
http://en.wikipedia.org/wiki/Jefferson_Airplane
http://grove.ufl.edu/~number6/Jefferson.Airplane/airplane.html
1967-Tamla-Motown releases Smokey Robinson & the Miracles "I Second That Emotion." The record climbs to #4 on the pop chart and Number One of the R&B, making it their biggest hit since "Shop
Around" in 1960.
   1969 -- US: "Mad Bomber" Lamonica passes football for six touchdowns vs Buffalo (50-21).
http://members.aol.com/FreeVee/index.html
1969 - No. 1 Billboard Pop Hit: ``I Can't Get Next to You,'' The Temptations.
   1973 - Elvis and Priscilla Presley divorced after six years and one child, Lisa Marie.
   1975---Top Hits
Bad Blood - Neil Sedaka
   Calypso/I'm Sorry - John Denver
Miracles - Jefferson Starship
Hope You're Feelin' Me (Like I'm Feelin' You) - Charley Pri
   1981 - LA Dodger Rick Monday hit a two-out homer in the ninth inning, leading the Dodgers to a 2-1 win over the Expos in the 5th game of their championship series. The Dodgers would win the World Series title.
   1981 -- US: Martin Luther King, Jr. Library & Archives opens in Atlanta. Founded by Coretta Scott King, it is the largest repository in the world of primary resource material on King, nine major civil rights
organizations, & the American civil rights movement.
   1983 - The United States Senate passed a bill making Martin Luther King's birthday a public holiday.
1983---Top Hits
Total Eclipse of the Heart - Bonnie Tyler
Making Love Out of Nothing at All - Air Supply
Islands in the Stream - Kenny Rogers & Dolly Parton
Paradise Tonight - Charly McClain & Mickey Gilley
1985 - "Take on Me", by a-ha, hit number one on the pop music charts. The video for the song was in regular rotation at MTV. The group is the first from Norway to have a No. 1 hit in the United States.
1986 - No. 1 Billboard Pop Hit: ``True Colors,'' Cyndi Lauper.
1987- The worst stock crash in the history of the New York Stock Exchange occurred when the Down Jones industrial average fell 508 points, closing at 1738.74, a decline of 22.6%, nearly double the decline in1929 that ushered in the Great Depression. The volume of stocks traded, 604,330,000, was nearly twice the previous record of 338,500,000set on October 16. computerized program trading, as well as various factors in the national and international economy, was blamed for the collapse of the market that had exhibited a case of the jitters in recent weeks. On October 230, the Dow Jones rose 102.27 points an trading set another new record for volume with 608,120,000 shares traded. In spite of the gain, largely confined to blue chip issues, many more stocks fell than rose The Down gained another 186 points the following day but dropped 77.42 points on October 22. The major markets set temporarily shorter hours in hopes of easing the tension, but on October 26, there was another drop
of 158.83 points. After a short period of relative quiet, the Dow fell 5.052 on Nov 3, ending a five day
rally, and on Nov. 9 the average was down another 58.85 points, closing at 1900.20.
http://www.stocksatbottom.com/index2.html
1981-Though it yielded only one minor hit single in "Backfired," "Koo Koo," the solo album by Blondie's Deborah Harry, goes gold today.
1989 - Record breaking snows fell across northern and central Indiana. Totals ranged up to 10.5 inches at Kokomo, and 9.3 inches was reported at Indianapolis. The 8.8 inch total at South Bend was a record for the month as a whole. Up to seven inches of snow fell in extreme southern Lower Michigan, and up to six inches fell in southwestern Ohio. The heavy wet snow downed many trees and power lines. Half the city of Cincinnati OH was without electricity during the morning hours. Temperatures dipped below freezing across much of the Great Plains Region. Twenty cities, including fourteen in Texas, reported record low temperatures for the date. North Platte NE reported a record low of 11 degrees. In Florida, four cities reported record high temperatures for the date. The record high of 92 degrees at Miami also marked a record fourteen days of 90 degree weather in October, and
116 such days for the year.
1991---Top Hits
Emotions - Mariah Carey
Do Anything - Natural Selection
Romantic - Karyn White
Keep It Between the Lines - Ricky Van Shelton
1998 - Microsoft and prosecutors for the U.S. Department of Justice and twenty states met in federal
court. It was the beginning of the antitrust case against the Microsoft Corporation.
2000-- Dusty Baker, who led the Giants to a National League West flag with baseball's best record (97-65), reaches agreement with the Giants on a two-year contract extension. The pact makes, the two-time National League Manager of the Year the second highest-paid skipper in the majors.

[headlines]

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Baseball Poem

 

With sincerest apologies to Stephen Porter…

THE ROCKIES MACHINE

by Dana Prescott

Tis the greatest group of men, ever to play,
On a diamond, with a ball, every day

There is Todd, there is Tulo, and then there is Matt,
The whole team is sturdy, and they wield a mean bat.

Down at first there is Helton, always catching them square,
And at second is Kaz, who runs like a mare

Tulo's at short, never missing a ball,
And fielding at third, is Atkins, “the Wall”.

The outfield is anchored, God's answered our prayers -
Holliday, Taveras, and Hawpe, are fantastic players!

Individually the best, well maybe not quite,
But together they put up one hell of a fight

All who watch, those 8 play the game,
Know something is up, they are destined for fame

And sure enough, two sweeps back to back,
The Rockies have raced to the Series, for they've got the knack.

Are they truly the best group, ever to play,
On a diamond, with a ball, every day?

It isn't for sure, no one can agree,
For many teams have put it on the line, in this land of the free

But one thing I know, as other Rox fans do,
That they've won twenty-one out of the last twenty-two!

dprescott@merrimak-denver.com

[headlines]

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SuDoku

The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?

http://leasingnews.org/Soduku/soduko-main.htm

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Daily Puzzle

How to play:
http://www.setgame.com/set/puzzle_frame.htm

Refresh for current date:
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