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| July 14, 2000 Note: I do not send out Leasing News daily, although it may happen this way for a week or longer...I only send out when there is "news" or an "alert." If you think you missed one, you can always go to www.leasingnews.org and find the most current one ( some days we are an hour or so behind in posting ). I do not include anything else and if you get my monthly report or other things, they are from American Leasing and are not included as part of Leasing News. They are separate. This is supposed to be an unbiased, independent, and straight news about leasing. I run a small broker/lessor company in Silicon Valley and work primarily from end users primarily. Another thing I have done daily, from my news background, in addition to receiving tips and relaying on other brokers and sources, is using the internet for leasing press releases and other news sent to all the newspaper,magazines, and the internet. Some days they are overwhelming and some days not. I do a lot of reading. I do appreciate the e-mail of support. This is fun. Kit Menkin. Imperial
Bank Telismart On Line NAELB Members Don't Forget to mail in your Questionnaire----Abide by New Code of Ethics-- Capital Stream, Inc. (formerly System 1 Software), an e-commerce provider of services and tools for the business finance industry, recently introduced a new approach to online business-to-business financing. The new service, called CapitalStream.com(tm), is a hosted e-commerce site combined with a web-based toolset that enables manufacturers and vendors, financial brokers, B2B e-commerce companies and financing firms to integrate financing at the point of sale, reach a wider range of financing partners, and automate risk management and workflow. Go to:http://www.capitalstream.com/tour/default.asp Imperial Bank Goes OnLine with Telismart PORTLAND, Ore.--(BUSINESS WIRE)----TeliSmart.com(TM), the definitive online global marketplace for telecommunications carriers and service providers, and Imperial Bank (NYSE:IMP), a world leader in technology banking, today announced an agreement to provide TeliSmart customers with convenient online access to leasing options for the purchase of used, surplus or decommissioned telecom equipment. This alliance makes Imperial Bank's automated online financing program available to all TeliSmart buyers, drastically reducing the time required to successfully complete a purchase transaction. The easy-to-use interface is seamlessly integrated, so equipment buyers can obtain reliable financing options 24 hours a day, 7 days a week, without ever leaving the TeliSmart web site. Buyers simply follow the step-by-step instructions to input their financial information and instantly submit their credit application to Imperial Bank. Once completed, buyers can view the real-time status of their application, and when a decision has been made, all necessary lease documentation can be printed online. "For online exchanges, particularly those involving high-end equipment, providing quality financing options ensures that buyers can make sound financial decisions in a quick and convenient time frame," said Eric Evans, vice president of vendor programs for Imperial Bank. "Leveraging our lending expertise, TeliSmart can help its customers secure solid financial backing to acquire the equipment they need to grow their businesses." By streamlining the financing process, buyers have the opportunity to purchase equipment without spending valuable time securing credit through conventional offline channels. Also unique to TeliSmart is the combination of these financing options with a third-party escrow service that helps ensure a smooth and secure transaction for both buyers and sellers. "Helping customers find the right equipment to purchase is only the first part of the equation," said Michael Anderson, president and CEO of TeliSmart. "To make an exchange worthwhile, it is imperative that buyers have convenient access to financing and other value-added services that help them achieve their business objectives. By teaming with Imperial Bank to offer hassle-free financing, we provide our customers with a comprehensive solution that meets their needs from start to finish." About Imperial Bank With $7 billion in assets, Imperial Bank is one of the leading independent business banks headquartered in California and offers a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Its Equipment Leasing Division provides financing for commercial equipment including information technology and software, material handling, light manufacturing equipment, construction, mining and recycling equipment, office furniture and telecommunication equipment. The division's vendor leasing group provides manufacturers, distributors and re sellers with flexible and creative financial solutions to facilitate sales to their customers. Founded in 1963 by California entrepreneurs, Imperial Bank is the principal subsidiary of Imperial Bancorp (NYSE:IMP), with offices throughout the nation. Imperial can be found on the Web at www.imperialbank.com. About TeliSmart TeliSmart is the definitive online global marketplace for telecommunications carriers and service providers. Bringing buyers and sellers together for a real-time exchange of equipment and ideas, TeliSmart provides an informative and interactive environment to help telecom professionals make intelligent business decisions. TeliSmart is based in Portland, Ore. with a technology center in Omaha, Neb. For more information, please visit www.telismart.com. Copyright 2000 TeliSmart, Inc. All rights reserved. TeliSmart and the TeliSmart logo are trademarks of TeliSmart, Inc. All other trademarks are the property of their respective owners. CONTACT: TeliSmart Tyler Magee, 503/345-6000 tyler.magee@telismart.com or The Phelps Group SPEEDCOM Wireless International Announces Formation of Speedcom Finance SARASOTA, Fla.--(BUSINESS WIRE)--July 14, 2000--SPEEDCOM(R) Wireless International Corporation, a wireless broadband equipment manufacturer, announced today that it has formed and launched SPEEDCOM Finance. Wave Wireless Networking, a division of SPEEDCOM, manufactures and sells a wide range of wireless broadband equipment. SPEEDCOM Finance, underwritten by Lynco Capital, will provide equipment financing for customers purchasing equipment and services from Wave Wireless. "The formation of SPEEDCOM Finance is another step in our process of creating a world class, full service wireless broadband company," stated Jay Wright, Chief Financial Officer of SPEEDCOM Wireless. "SPEEDCOM Finance, the first captive wireless equipment leasing company, allows SPEEDCOM Wireless to realize better cash flow and service a greater cross-section of customers." With the "SPEEDLease" program, it's easy for customers to establish lease terms on purchases up to $75,000 with a simple one-page application. Lease programs include "Fair Market Value" and "Dollar Buyout" options on all equipment financed through SPEEDCOM. Custom finance programs can be designed for transactions of up to $5 million. ABOUT SPEEDCOM WIRELESS INTERNATIONAL CORPORATION SPEEDCOM Wireless International is a six-year old multi-national company based in Sarasota, Florida. Through its Wave Wireless Networking division, SPEEDCOM manufactures a variety of broadband wireless products, including its award winning SPEEDLAN family of wireless Ethernet bridges and routers. ISPs, Telco operators and private organizations in more than 45 countries use SPEEDCOM's products and services to provide "last-mile" wireless connectivity between multiple buildings at speeds up to 155 Mb and distances of more than 25 miles. In the trailing 12 months, SPEEDCOM has generated revenues of over $7 million. SPEEDCOM, an ISO 9001 registered company, announced on June 6 that it is merging with LTI Holdings, Inc. (OTCBB:LAMT) in a transaction that is expected to close in August. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are forward looking statements subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward looking statements, including the risk that the company may not be able to complete the merger described herein and other risks set forth in the company's Securities and Exchange Commission filings. CONTACT: SPEEDCOM Wireless International Corporation, Sarasota Hollie Graham Floyd 941/358-9283 (phone) 941/358-5973 (fax) http://www.speedlan.com/speedcomfinance.htm Farm Credit Leasing Announces Staffing for Commercial Line MINNEAPOLIS--(BUSINESS WIRE)--July 14, 2000--Farm Credit Leasing (FCL) has named Brad Brolsma senior vice president of its Commercial business line, a new organizational unit within the company. He was previously senior vice president and chief financial officer. Brolsma will manage the Commercial business unit, which provides the company's cooperative, commercial producer and agribusiness customers with customized lease-financing solutions. He will continue to report directly to FCL CEO and President Philip J. Martini. Brolsma has been with FCL for nearly 20 years. He is the chairman of FCL's Risk Management and Asset/Liability Committees and previously held positions at Harvest States Cooperative and Deloitte and Touche. Other staffing changes within the Commercial business line include the following: -- John Greenleaf and Jeff Hardin have been named vice presidents of Commercial sales in the Eastern and Western regions, respectively. They were both previously vice presidents of regional sales. Greenleaf and Hardin will manage the salesactivity within their regions and report to Brolsma from their offices in Baltimore, Md., and Spokane, Wash. -- Tom Robinson has been named vice president of similar entity sales. He will be responsible for developing the marketing and origination plans for this market segment. -- Lee Estenson has been named vice president of credit and operations within the Commercial line and will report to Brolsma. He will oversee Credit, Processing, Syndication and Marketing. These staffing changes resulted from FCL's recent reorganization that split the company into two business lines called LeasExpress and Commercial, which will allow these units to coordinate their resources and be more responsive to customer needs. FCL provides equipment leasing and related services for all types of vehicles, equipment and machinery to agricultural producers, their cooperatives, communications and energy companies and Farm Credit System entities. The company is also actively involved in the syndication of multimillion-dollar lease projects and lease portfolio servicing. It is one of the nation's largest agricultural leasing companies. In addition to its corporate headquarters, FCL maintains 10 sales offices throughout the country. FCL is part of the 84-year-old, $88 billion Farm Credit System, one of the largest and oldest cooperatives in the nation. Today, this national network of approximately 175 borrower-owned banks, associations and service corporations provides production agriculture with approximately one-quarter of its credit and financial needs. CoBank, the System's $24-billion Denver-based cooperative bank, specializes in agribusiness, ag export, rural communications and rural energy financing, is FCL's majority owner. AgFirst Farm Credit Bank of Columbia, S.C., owns the balance of FCL's common stock. The other five Farm Credit Banks own preferred stock in the company. CONTACT: Farm Credit Leasing, Minneapolis Brian Delgado, Communications Manager Phone: (763) 797-3418 Fax: (763) 797-3555 Email: bdelgado@fcleasing.com Farm Credit Leasing Reorganizes Into Two New Business Lines MINNEAPOLIS--(BUSINESS WIRE)--July 14, 2000--Farm Credit Leasing (FCL) has reorganized into two business lines effective immediately in order to coordinate each unit's resources and make them more responsive to customer needs. One business line has taken the name LeasExpress. This area serves the lease financing needs of small and mid-sized agricultural producers. It provides these customers with quick turnaround, ease of transaction processing and standardized product offerings. Independent originators are primarily responsible for new business development in this area. FCL corporate officers have christened the other business area the Commercial line. This unit works with the company's cooperative, commercial producer and agribusiness customers. It serves these organizations by funding ongoing capital expenditures, large expansion projects or structured lease transactions. Products and services in the Commercial group are customized to fit each customer's individual needs. FCL's direct origination staff works closely with Commercial customers. "We reorganized FCL to ensure that our customers are getting focused, efficient and consistent service," said Philip J. Martini, FCL CEO and president. "We wanted each area to have a clear identity and value proposition. In many ways though, establishing these two groups was really a logical extension of the systems and focus already in place within the company." FCL provides equipment leasing and related services for all types of vehicles, equipment and machinery to agricultural producers, their cooperatives, communications and energy companies and Farm Credit System entities. The company is also actively involved in the syndication of multimillion-dollar lease projects and lease portfolio servicing. It is one of the nation's largest agricultural leasing companies. In addition to its corporate headquarters, FCL maintains 10 sales offices throughout the country. FCL is part of the 84-year-old, $88 billion Farm Credit System, one of the largest and oldest cooperatives in the nation. Today, this national network of approximately 175 borrower-owned banks, associations and service corporations provides production agriculture with approximately one-quarter of its credit and financial needs. CoBank, the System's $24-billion Denver-based cooperative bank, specializes in agribusiness, ag export, rural communications and rural energy financing, is FCL's majority owner. AgFirst Farm Credit Bank of Columbia, S.C., owns the balance of FCL's common stock. The other five Farm Credit Banks own preferred stock in the company. CONTACT: Farm Credit Leasing, Minneapolis Brian Delgado, Communications Manager Phone: (763) 797-3418 Fax: (763) 797-3555 Email: bdelgado@fcleasing.com Farm Credit Leasing Announces Staffing for LeasExpress Line MINNEAPOLIS--(BUSINESS WIRE)--July 14, 2000--Farm Credit Leasing (FCL) has named Brian Legried senior vice president of its LeasExpress business line, a new organizational unit within the company. He was previously vice president of credit and operations. Legried will manage the entire business line, which serves the leasing needs of agricultural producers with speed, ease of transaction processing and standardized product offerings. He will report directly to FCL CEO and President Philip J. Martini. Legried has been with FCL for 15 years. Before being named vice president in 1997, he held various credit and operations positions. Previous to working at FCL, Legried was an agricultural lender with a Federal Land Bank Association in Spencer, Iowa. Other staffing changes within the LeasExpress business line include the following: -- Troy Mostaert has been promoted to vice president of credit and operations. He was previously manager of credit and operations. -- Ed Hennen has been named vice president of sales and marketing. He was previously a vice president of regional sales. -- Don Nolley will also report to Legried as vice president of the LeaseManager Group, FCL's portfolio management product. He retains his same title from prior to the reorganization. These staffing changes resulted from FCL's recent reorganization that split the company into two business lines called LeasExpress and Commercial, which will allow these units to coordinate their resources and be more responsive to customer needs. FCL provides equipment leasing and related services for all types of vehicles, equipment and machinery to agricultural producers, their cooperatives, communications and energy companies and Farm Credit System entities. The company is also actively involved in the syndication of multimillion-dollar lease projects and lease portfolio servicing. It is one of the nation's largest agricultural leasing companies. In addition to its corporate headquarters, FCL maintains 10 sales offices throughout the country. FCL is part of the 84-year-old, $88 billion Farm Credit System, one of the largest and oldest cooperatives in the nation. Today, this national network of approximately 175 borrower-owned banks, associations and service corporations provides production agriculture with approximately one-quarter of its credit and financial needs. CoBank, the System's $24-billion Denver-based cooperative bank, specializes in agribusiness, ag export, rural communications and rural energy financing, is FCL's majority owner. AgFirst Farm Credit Bank of Columbia, S.C., owns the balance of FCL's common stock. The other five Farm Credit Banks own preferred stock in the company. CONTACT: Farm Credit Leasing, Minneapolis Brian Delgado, Communications Manager Phone: (763) 797-3418 Fax: (763) 797-3555 Email: bdelgado@fcleasing.com
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