January 15, 2001

Adrian Bulman Passes Away----

at the age of 53. He is survived by his wife Beth and sons Aaron (17) and Evan (14). Funeral services will be held at 3:00 PM on Tuesday (1/16) at Northside Chapel at Crabapple in Roswell, Ga (770-645-1414). Adrian had been hospitalized on New Year's Day for chest pains. However, the doctors determined he had ulcers of the esophagus and asthma, but there was very little heart blockage. Cause of death is not known at this time. May God hold his family and friends in the palm of his hand during the days to come.

Charlie Lester
clester@lpifinancial.com

Kit, I am Michael Losey, Adrian Bulman's partner in the leasing business (American Leasing & Financial, Inc., & e-leasing, Atlanta, GA).
Some will know the both of us from our years of formation, and then being officers of NAELB, others will know of Adrian through our industry.

With heavy heart I want to apprise you, and therefore the leasing industry, that Adrian passed away tonight, Saturday, January 13, 2001. I have had the privilege of being his partner for 16 years.

Adrian and I met in 1978 when he started his equipment leasing company and I was in the car leasing business. He used to send me car leases, I would send him equipment leases. He taught me the equipment leasing business. The reason we joined forces and became partners in 1986 was due to the fact that you could always count on Adrian holding up to his end of the bargain on any deal, always! His word was his bond.

Over the years in our partnership in ALF he strove to bring honor and integrity to our business. He hated it as much when brokers took advantage of funding sources as when funding sources stole brokers' vendors and residuals. He would spend tireless hours on the phone giving advice to new and inexperienced brokers. So much so that I always complained of his spending too much time on helping others to his own detriment.

I could wax poetically about him and his character - I, and the industry and his friends, will miss him!

I, for one, will see him again!

Michael Losey

          *        *         *
Adrian had written a "State of the Industry" report:

http://www.leasingnews.org/archives/December/12-27-00.htm

He had been working a new ending to the report, what we were calling a "coda." He said he hated to be in the hospital, but it gave him some time to think. He asked me if I thought it "important." I told him his first report was very popular, he had received a lot of positive comments, and new brokers were especially impressed to get a better understanding of the leasing industry today.

Adrian was very active and one of the early founders/promoters of the National Association of Equipment Lease Brokers. www.naelb.org

Although I did not have the pleasure of working directly with Adrian in NAELB matters as he was long before my time, I did speak to him several times. He was instrumental in uncovering the Atlanta fraud ring a few years back and was a pillar of the leasing and broker industry. My sympathies to his family and friends.

Joe Bonanno, NAELB Legal Counsel
attyjgb@aol.com

Adrian is also the person responsible for Leasing News list. He first sent it to us as a Sierra Cities internal memo to salesmen to go over the accounts from a list of leasing companies no longer in business. We researched the list, brought it up to date, and that is how it began. Adrian was also sending in things to share with others in the leasing business.

He will be missed.

Kit Menkin


The family will receive friends today, Monday 01/15, at Northside Chapel Funeral Directors, 12050 Crabapple Rd., Roswell, GA., 30075 770.645.1414 with the funeral service tomorrow, Tuesday, at 3:00PM-same place.

Jim Borland
jimborland@usenergycapital.com

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