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Headlines---

 

September 11,2001---Where Were You?

    Economic Events This Week

        Classified---Steve Zuck on the Street

            October 22---"Two Panels" Regional Meeting, San Jose, California

                Major ELA Victory In Bonus Depreciation Regs

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

                Marlin Leasing Files $60 Million IPO

            ICON-$150 Million Equity to be Raised --

        MainStreet Finance Acquires Vionnet & Associates

    Larry Grant At Centennial Bank/New Equip. Leasing Portfolio

Leasing Logic---NAELB "Brokers" Newsletter

    Advanced Sales Class---Toronto, Canada- Monday Sept.15

        Merrill Lynch, MBNA America Bank Ink Credit Card Deal

            FleetBoston Financial Launches Office in Washington, D.C

                Leasing Industry Help Wanted

                    Universal Express -USXP- Hires Marshall Stanek for National Sales

                MarCap Names Upchurch Mountain/Central Regional Manager

            Judge OKs Conseco's Bankruptcy Exit Plan

        Fitch Ratings Affirms Financial Federal; to Positive

    Consumer Debt Up $6 Billion in July

Internet Sales Tax in California Passes

    News Briefs---

California Nuts Briefs---

    This Day in American History

 

 

This Border ##### Denotes Press Release (Not Written By Leasing News)

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September 11,2001---Where Were You?

 

 

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

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

 

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

 

 

 

http://www.september11news.com/

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

[Headlines]

 

 

Economic Events This Week

 

 

September 10

Wednesday

ELA Accountants Conf.

Boston, Mass.

Venture Capital Meeting

Chicago

 

September 11

Thursday

Balance of Trade: July

Weekly Jobless Claims

 

September 12

Friday

Producer Prices: August

Retail Sales: August

[Headlines]

 

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Classified---Steve Zuck on the Street

 

I have recently been laid off my credit position

with C2 Capital and therefore would like to redirect the

leasing news to my personal email. Please cancel

the szuck@c2capital.com address and redirect it to

stevemzuck@yahoo.com. I appreciate your daily

newsletter and would like to continue receiving it

as I search for employment.

Thank you,

Steve Zuck

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

Orange County seeking an experienced credit manager, I just

posted an ad in the classified job wanted under the

credit section. If a company would like to contact me

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

Thank you, again, appreciate your help.

 

 

Credit: No. Atlanta, GA.

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

 

 

Credit: Boston Ma.

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

 

Credit: Corona, CA.

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

 

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

 

 

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

 

Credit: Los Angeles, CA

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

 

Credit: Mill Valley, CA

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

 

Credit: New York, NY

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

email: lease4you@mail.com

 

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

 

Credit: New York, NY.

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

 

Credit: Orange County, CA.

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

email: stevemzuck@yahoo.com

 

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

 

Credit Manager: Westlake, OH

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

 

71 Help Wanted ads available at:

 

http://64.125.68.90/LeasingNews/JobPostings.htm

 

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

 

[Headlines]

 

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

 

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

 

Silicon Valley UAEL Regional Meeting, Wednesday, October 22,

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

( 1 1/2 blocks off Highway 880.)

 

Two Panels

 

Venture Leasing

4:30pm to 5:30pm

Peter Eaton, Pentech Financial

John Pritchard, Vencore Solutions

Russ Wilder, Atel Leasing

 

"Decision Not Based on Credit Scoring"

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

6:00pm to 7:00pm

 

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

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

Archie Julian, Dumac Leasing (Exchange Bank)

 

Plus wine with cheese.

 

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

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

 

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

encouraged to attend ) www.uael.org

 

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

[Headlines]

 

 

Major ELA Victory In Bonus Depreciation Regs

 

ELAonline

 

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

 

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

 

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

 

.

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

 

CONTACT:

Steve Fier

ELA

Phone Number: 703-527-8655

[Headlines]

 

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

 

by Christopher Menkin

 

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

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

 

 

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

 

 

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

 

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

 

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

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

 

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

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

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

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

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

 

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

too numerous to produce.

 

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

[Headlines]

 

----------------------------------------------------------------------

 

Marlin Leasing Files $60 Million IPO

 

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

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

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

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

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

 

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

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

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

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

 

[Headlines]

 

 

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

 

 

ICON ANNOUNCES APPROVAL OF INCOME

FUND TEN FOR EQUIPMENT LEASING INVESTMENTS

 

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

 

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

publicly registered equipment leasing investment programs, and ICON

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

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

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

significant increase in investor participation in its programs over the past

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

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

leases with large, creditworthy companies.

 

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

attracting investors and the increasing pace and completion of our offering

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

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

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

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

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

placement of Direct Participation Programs specializing in the equipment

leasing industry."

 

ICON Income Fund Ten Overview:

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

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

qualified plans. Investors must meet the minimum suitability requirements

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

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

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

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

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

Income Funds includes marine vessel, commercial aircraft, railroad,

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

telecommunications and technological equipment.

 

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

encouraged the rise in investor interest in hard asset alternative

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

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

reserving a portion of their portfolios for investments in quality

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

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

programs, ICON Ten brings institutional investor opportunities to a wide

range of retail investors, through financial planners and registered

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

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

treatment."

 

Today, hundreds of creditworthy companies around the world have leasing

relationships with ICON Capital Corp., which specializes in acquiring

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

investments are acquired in the secondary market from other leasing

companies or financing institutions, rather than originated directly.

 

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

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

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

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

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

acquired.

 

About ICON

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

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

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

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

or call (860) 669-2385.

 

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

Ben Trounson

Kodora Communications

631-952-4600, ext. 203

ben@kodora.com

[Headlines]

 

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

 

MainStreet Finance Acquires Vionnet & Associates

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

About MainStreet Finance Corporation

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

 

About Vionnet & Associates

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

 

MainStreet:

Cliff Monlux, Senior Managing Partner, MainStreet Finance Corporation

866-889-6886, ext. 228

cliff@mainstreetfinance.com

 

Vionnet & Associates:

Alfredo Vionnet, President, Vionnet & Associates, Incorporated

559-229-4782

avionnet@vionnetlsg.com

 

 

[Headlines]

 

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

 

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

 

 

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

addition of Commercial Equipment Leasing to their portfolio of products.

 

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

that specializes in providing construction loans and mortgages in the

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

Centennial Bank is expanding its line of financial services to include

Equipment Leasing for a broad range of industries and equipment types

throughout the United States.

 

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

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

accepted the position as Senior Vice President-Commercial Lending and

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

financing leader in the construction industry will carry over into other

industries.

 

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

recently named the President and Chief Executive Officer of Centennial.

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

banking industry including terms as the former president of 3 community

banks, all based in Utah.

 

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

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

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

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

Equipment Leasing,” says Williams.

 

Centennial Bank’s Equipment Leasing Division will work directly with

customers, brokers and vendors to provide financing for equipment costing

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

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

 

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

[Headlines]

 

------------------------------------------------------------------------------------

 

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

 

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

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

happening from these “street fighters.”

 

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

 

----------------------------------------------------------------------------------

 

 

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

 

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

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

 

Jeffrey Taylor, CPA, CLP

jtaylor@executivecaliber.ws

 

 

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

 

 

 

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

are trying to build our readership.

[Headlines]

 

________________________________________________________________________

 

Merrill Lynch, MBNA America Bank Ink Credit Card Deal

 

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

 

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

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

[Headlines]

 

 

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

 

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

 

 

BOSTON---

 

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

 

Director of Fleet Federal Government Services and Former Assistant

 

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

 

Operations

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

CONTACT:

 

FleetBoston Financial

 

James E. Mahoney, 617-434-9552

 

[Headlines] 

 

 

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

 

Leasing Industry Help Wanted

 

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

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

 

[Headlines] 

 

 

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

 

 

Universal Express -USXP- Hires Marshall Stanek for National Sales

 

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

CONTACT:

 

Equitilink

 

Mr. Ron Garner, 877-788-1940

[Headlines] 

 

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