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April 20, 2000 Irwin
Leasing Posts Loss The Corporation's leasing subsidiary, Irwin Business Finance (www.irwinBF.com), incurred a pre-tax loss of $0.9 million during the first quarter. The company, a recent start-up, which began originating leases and loans early in the year, had a portfolio at quarter-end of $16.0 million, exceeding management's original expectations. The leases and loans have a weighted average yield of 10.4%. Early in the second quarter, the company announced a definitive agreement to acquire 78% of Onset Capital Corporation, a Canadian small-ticket equipment leasing company, http://www.irwinfinancial.com/sm-set.html Rosemount Analytical Now Offers Leasing Alternatives for Products and Services ORRVILLE, Ohio--(BUSINESS WIRE)--April 20, 2000--Rosemount Analytical, in partnership with the Emerson Financial Services (EFS), now offers a full array of leasing programs for Rosemount Analytical products, services, solutions and complete projects totaling $10,000 or more. Payments for products and services such as software, installation and maintenance can be bundled into one convenient, affordable monthly payment.
Emerson Financial Services offers several financing options to match an organization's
project financing and equipment leasing needs. Options include: For more information, visit the Emerson Financial Services dedicated web site at http://www.emersonfs.com. The EFS approval process is designed for maximum simplicity, rapid response and quick transaction completion.
Ahieves All-Time High in Monthly Account Applications ATLANTA, April 19 /PRNewswire/ -- NetBank(R), Member FDIC, Equal Housing Lender (Nasdaq: NTBK) (http://www.netbank.com), the nation's leading Internet bank, added more new accounts during its first quarter this year than any other quarter. Between January and March of this year, the bank added approximately 16,000 net new accounts, out pacing the tremendous growth the bank experienced during fourth quarter 1999 and more than doubled the account additions of first quarter 1999. As of March 31, NetBank reports more than 82,000 total deposit accounts. "March was our biggest month ever for new account applications," said D.R. Grimes, chief executive officer of NetBank. "We continue to grow at a tremendous pace, faster than any bank in history. And we're achieving this growth very efficiently. We spent 20 percent less in advertising this quarter than during the fourth quarter of last year, yet this quarter we achieved greater growth." Grimes continued, "Over the last three years, we have successfully redefined an industry and a business model that's remained virtually unchanged for over 10 decades. Our model allows us to run more efficiently than both brick-and-mortar as well as click-and-mortar banks. NetBank takes these savings and rewards its customers with higher interest income and lower fees, while at the same time, maintaining a profitable business operation." Grimes noted that NetBank will continue to expand its marketing efforts throughout the remainder of the year, capitalizing on its current marketing efficiencies. In addition to relying heavily on its strategic alliances with Internet portals, NetBank also relies greatly on permission-based e-mail campaigns, as well as some offline branding efforts, including print and radio. "With NetBank's brand leadership and established operating history, along with the growth in the number of people going online, we expect to continue to grow at a vigorous rate throughout 2000," said Grimes. "More and more people are becoming comfortable with doing business online and they're discovering that NetBank is the place where customers share the rewards of a new kind of banking." About NetBank NETBANK, Inc. (Nasdaq: NTBK) (http://www.netbank.com), is a financial services company whose sole subsidiary, NetBank, Member FDIC, is the first profitable pure Internet bank in the country, having achieved profitability in the past seven successive quarters. With over $1.3 billion in assets and customers in all 50 United States and 20 foreign countries, NetBank is the largest FDIC-insured bank operating solely on the Internet. In addition to free checking and money market accounts and certificates of deposits with exceptional interest rates, NetBank offers its customers the ultimate convenience in banking. Products and services include free online account access, free unlimited online bill payment, free checks, free unlimited ATM use, VISA(R) Check Card, VISA(R) credit cards, online brokerage services, mortgage lending, home equity lines and loans, IRAs, and business equipment leasing services. NetBank is member of the Cirrus, Honor/Star, and AFFN ATM networks. For more information on NetBank, its products and services, visit the web site at http://www.netbank.com, or call 1-888-256-6932. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding NetBank's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. SOURCE
NetBank, Inc. PLM Equipment Growth Fund Not Recognizing Further Trades of Partnership Units For Remainder of 2000 SAN FRANCISCO, April 20 /PRNewswire/ -- PLM Financial Services, Inc., (Amex: PLM), the General Partner for PLM Equipment Growth Fund, today announced that effective immediately, it will not recognize any further transfers involving trading of units in this partnership for the remainder of the 2000 calendar year. PLM Equipment Growth Fund (hereafter referred to as "the Partnership") is listed on the OTC Bulletin Board under the symbol GFXPZ. In making the announcement, the General Partner cited the Partnership's need to continue to comply with Internal Revenue Service (IRS) Notice 88-75 and IRS Code Section 7704, which contain safe harbor provisions regarding the maximum number of partnership units that can be traded during a calendar year in order for a partnership not to be deemed a publicly traded partnership for income tax purposes. Transfers for the remainder of the year may only be processed, pursuant to IRS Code Section 7704, through a qualified matching service. The General Partner will also continue to recognize transfers specifically excluded from the safe harbor limitations, referred to in the regulations as "transfers not involving trading," which includes transfers at death, transfers between family members, and transfers involving distributions from a qualified retirement plan. The Partnership remains a reporting entity under the Securities Exchange (SEC) Act of 1934 and as such, will continue to file SEC forms 10Q and 10K. The General Partner will also continue to send investors of record quarterly and annual partnership reports as well as personalized distribution statements and Schedule K-1s for tax purposes. Investors with specific questions are encouraged to call PLM's Investor Services department at 800-626-7549. PLM International is a diversified equipment leasing and management company providing services to transportation companies. The Company specializes in creating equipment leasing solutions for domestic and international customers. NOTE: This announcement will not affect the continued listing of PLM International common stock on the American Stock Exchange. SOURCE PLM International, Inc. CO: PLM International, Inc.; PLM Financial Services, Inc. ST: California www.leasingnews.org
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