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August 7, 2001 Headlines---- DoveBid Acquires TradeOut; ILC Golf Division Expands Operations Imperial Bank Appoints Mick Myers as Vice President Donald J. Murray Joins Textron Financial's Finance Company Services Cusick to Retire from TCF Financial Corporation FULL STORY “Net" Working The Equipment Leasing Industry--- with Exclusive “Inside” Report on Financial Resource Conference The List to be Up-Dated Tomorrow --------------------------------------------------------------------------------------------- New Code Red Strain---—plus look out for this e-mail: subject: vacancies Hi!
How are you? I
send you this file in
order to have your advice See
you later. Thanks Note: the attachment has two files, one that says it is an anti-virus disclaimer. Don’t be fooled. It is the virus. This new strain gets by Norton and other anti-virus programs at this time. Norton will ask if you want the file quarantined or deleted. When you hit quarantine, it says it cannot, and then asks if you want the virus deleted. When you say yes, it deletes every file that is infected with the virus---If you don’t have a back-up, you will lose these files...Hopefully Norton will correct this. If it happens to you, don’t respond, shut down your computer, and contact Norton. Also, perhaps take Doug Delack’s advice, send only in text format, and have your receive set in text format, if your e-mail program allows you to do so. There will be no virus in the “card attachment” or worm in html that may enter e-mail programs such as Microsoft Outlook. ------------------------------------------------------------------------------------- Questions Regarding “ Do Your Homework” Amen! I, too, have always prided myself on doing my homework before entering into a business relationship with anyone. However, there are many situations in which one cannot predict changes in a company's policy. Eaton was once a great funder to do business with, for example. Then, after being swallowed by AT&T, things began to change rapidly. While I agree with Al's concept, no amount of homework can predict some of this behavior. Hal Hayden HalH@CapitalStream.com __________________________________________________________________ "Net" Working The Equipment Leasing Industry The Financial Resource Conference reports its traditional technology event is evolving into a major networking attraction for the equipment leasing industry. Given the recent acquisitions and layoffs by various lessors, it would appear many leasing professionals are not only looking for networking events, they are looking for events scheduled sooner than later. In Atlanta, for example, more than 150 equipment leasing personnel were recently let go and are looking for jobs. Fortunately for many of these professionals, the FRC is scheduled the end of this month from the Ritz-Carlton, Buckhead in Atlanta. The event includes an all day Networking Suite, two evening Networking Receptions for attendees and a workshop by an executive search firm exclusively serving the equipment leasing markets. Interested Attendees will also be shown how to post their resumes on Lessors.com web site free of charge for viewing by the entire equipment leasing industry. This could explain why the FRC is reporting a 76% increase in new attendee registrations for the upcoming event. Registered Attendee Companies... Allegiant Partners | BAG, Inc. | Banc of America | Bancroft Leasing | CambridgEcommerce | CapitalStream | CIT | Citicapital | Collateral Specialists, Inc. | Commercial Leasing Corporation | Commonwealth Capital Leasing | Dave Lakes Associates | Edwin C. Sigel, Ltd. | Enron Net Works, DealBench | Equidity, Inc. | Equilease Financial Services, Inc. | Experian | Experian-Scorex L.L.C. | Fair, Isaac and Company | Funder OnLine | GMAC | Heller Financial | IBM Global Financing | Information Leasing Corp. | Information Management Consultants | KPMG Consulting, Inc. | LeasePartners Capital | LENDX | Management Recruiters of Melbourne Inc. | Marlin Leasing Corp. | MARSH | MicroBilt | Microforum Inc. | MicroLogic, Inc | MRI Sales Consultants of Northridge | National Business Credit, Inc. | NCR Corporation | Onmark | ORIX Financial Services, Inc. | ORIX Public Finance | OutSourcing Solutions Group | PBDS, Inc. - PredictiveMetrics | Premier Lease Loan Services | Pure Markets | SAP America | SecureLease | Seismiq, Inc. | Semon Associates, Inc. | SG Cowen Securities Corporation | Southern Pacific BanCapital | Southfork Asset Management Corp. | Springs Leasing Corp. | Textron Financial Corporation | The Vaughn Group, Inc. | Treasure Coast Capital, Inc. | Turnford Systems Inc. | Vision Financial Group, Inc. | Wells Fargo Equipment Finance Registration Is Scheduled To Close Friday, August 10. Exclusive ---inside report: Barbara Savage, Conference Director Actually, the Financial Resource Conference is a limited seating event. We purposely limit the number of exhibitors and attendees to establish an upscale event with a "professionally intimate" conference culture. Our goal is not to sell tickets, but to create an effective networking forum in a smaller but comfortably elegant setting (at reasonable prices). It's a matter of quality over quantity. For this event we established an "invitation only" policy for exhibitors. Companies actually had to submit their presentations and speaker bio for our review and approval. We then invite only those companies we feel are promoting the most innovative technology and funding products and services to participate. You'll note we only allowed 6 funding sources in our Funding Source Exhibit. Not everyone gets to participate. In answer to your question, no, we do not allow registration at the door. Once we close registration, it really is closed. Last August we actually turned away over 150 request for attendee registrations. Thanks for your past support and continued good luck to the Leasing News! B. Savage Staff@lessors.com Conference Director Lessors.com John Semon, President After more than 30 years in the business, I was always being asked to speak at the association sponsored events, but told not to make a commercial presentation out of my remarks. It became obvious there did not exist a forum for companies to aggressively promote their products and services to the equipment leasing community, so we set out to correct that. You’ll note by looking at our agenda, we do not have a lot of “good old boy” sessions. The primary focus of the FRC is our Exhibitor Workshops. These workshops are actually formal sales presentations. Attendees come to our conference to hear about new technology products and services that will enhance their origination, administration, funding and distribution networks. If our exhibitors do not make a sale or at least identify prospective new customers at the FRC, we haven’t done our job. Don’t get me wrong, I have always and will continue to support all the associations and their events. I just wanted to point out we do things differently and do not feel we are in competition with them. Our targeted attendance is around 125 to 150, however, we seem to have ended up with about 165 at last years event, after turning away over 150. We are currently toying with the notion of adding another 25 seats, which would enable us to extend our August 10 deadline. I’m just not sure we want to continue increasing our size. I’ve very concerned about protecting the intimacy factor which gets rave reviews by our attendees and exhibitors. (The fact that we have a $159 room rate at the Ritz-Carlton also helps.) We just released a press release about how the networking factor has become so important to the FRC given the recent acquisitions and layoffs by various lessors. Lease professionals are not only looking for networking events, they are looking for events scheduled sooner than later. We noted in Atlanta, more than 150 equipment leasing personnel were recently let go and are looking for jobs. We are working with their out placement company to try and get as many of these people as possible into the FRC this month. It’s interesting to me that we’re seeing a 76% increase in new attendees for the upcoming conference. I can’t help but believe it due to the networking opportunity we offer. Our conference maintains an “open all day” “Networking Suite” throughout the conference. We also have two evening Networking Receptions at the Ritz-Carlton. As for our web site, Lessors.com.... I bought out our original investors a few years ago so I could make Lessors.com totally free. It bothers me when the association web sites limit access to their members. How does this promote the good of the industry? I prefer free access. Who knows, maybe you’ll offer me a pile of money for Lessors.com and I can retire permanently to the beach (smile). Should I send you wire transfer instructions now? Thanks again for your support Kit and let me know if you need additional questions answered. John Semon Staff@lessors.com Our "Free Attendee Registration" Winners
Bob Drees | MRI Sales Consultants of Northridge Scott Bronstein | Experian Debbie Lopez | Bell & Howell Financial Services Gary Shivers | Marlin Leasing Corp. Shari L. Lipski | Edwin C. Sigel, Ltd. Paul Lechner | KPMG Consulting, Inc. Linda Lundergan | SecureLease Dave Lakes | Dave Lakes & Associates Arlene Sena | Compaq Financial Services Shelley Pittman | SAP America Bob Rodi | LeaseNOW, Inc. Aziz Khan | Heller Leasing Services John O. Steindorf | Allegiant Partners/Interfund Rudy Trebels | IFC Credit Corp. Alan Zeppenfeld | NCR Corporation Charlie Bancroft | Bancroft Leasing Frank J. Krueger | American Standard Leasing Inc. James L. Jennings | Collateral Specialists Inc. Jim Ralston - Commonwealth Capital Leasing David A. Moya | Information Management Consultants, Inc. ATTENDEE REGISTRATION FEE 1st Attendee Registration - $775 Subsequent Attendee Registration(s) Within Same Company - $675 Attendee Registration is limited and subject to availability.
The Financial Resource Conference | Overview August 28-30, 2001 The Ritz-Carlton, Buckhead Atlanta, GA
The Financial Resource Conference | Atlanta, Ga | August 28-30
Registration Deadline - 8/10/01 (If not sold out) ___________________________________________________
AGENDA Tuesday, August 28 1:00 p.m. - 5:00 p.m. Registration & Networking Suite Open | Sponsor - SecureLease 2:00 p.m. - 3:00 p.m.| Exhibitors & Guest Speaker's Meeting (Private) 3:30 p.m. - 5:00 p.m. | Funding Source Exhibit Open Equipment Leasing Association Description of Services GMAC Commercial Mortgage/ABLD Description of Services ORIX Public Finance LLC Description of Services PureMarkets Description of Services SG Cowen Securities Corporation Description of Services Southern Pacific BanCapital Description of Services 5:00 p.m. - 5:30 p.m. | BREAK 5:30 p.m. - 7:00 p.m. | Networking Reception | Sponsor - Pure Markets Wednesday, August 29 8:00 a.m. - 8:30 a.m. | Breakfast | Sponsor - Semon Associates, Inc. 8:30 a.m. - 9:45 a.m. | Keynote Speaker Presentation Keynote Speaker e-business, Is That All There Is? Michael E Cromar VP e-business, Global Business Process & IT IBM Global Financing 8:30 a.m. - 4:00 p.m. | Networking Suite Open 9:45 a.m. - 10:00 a.m. | BREAK 10:00 a.m. - 10:45 a.m. | Concurrent Exhibitor Workshops Equidity, Inc. The First Mover Advantage... is there one? MRI/Sales Consultants of Northridge Recruiting Realities in the New Economy... Receiving the most from your Executive Recruiter PureMarkets Harnessing Technology to Create New Sources of Customer Value 10:45 a.m. - 11:00 a.m. | BREAK 11:00 a.m. - 11:45 a.m. | Concurrent Exhibitor Workshops CapitalStream Leveraging The Web To Automate Processing And Cut Costs BAG, Inc Business Intelligence Service Provider - Fleet Management Services Alternative SecureLease.net Taking Advantage of e-commerce .NET Style 12:00 p.m. - 1:30 p.m. | Lunch | Sponsor - CapitalStream 12:30 p.m. - 1:30 p.m. | Guest Speaker Presentation Guest Speaker "Managing the Internet ~ What Experience Has Taught Us" Jim Brady SVP Market Development CapitalStream 1:30 p.m. - 1:45 p.m. | BREAK 1:45 p.m. - 2:30 p.m. | Concurrent Exhibitor Workshops MicroBilt Corporation Tools for Automated Decisioning at the Point of Entry Fair, Isaac and Company Solutions To Help Lessors Streamline Operations And Improve Profitability Funder OnLine Introducing ExpressOS - The World’s First e-Business Portal Operating System 2:30 p.m. - 2:45 p.m. | BREAK 2:45 p.m. - 3:30 p.m. | Concurrent Exhibitor Workshops Cambridgecommerce, Inc. When The Going Gets Tough, The Tough Use E-Processing OutSourcing Solutions Group Multi-State Taxes...Multi-Headaches...is there a cure? PureMarkets Harnessing Technology to Create New Sources of Customer Value 3:30 p.m. - 3:45 p.m. | BREAK 3:45 p.m. - 4:30 p.m. | Concurrent Exhibitor Workshops Equidity, Inc. The First Mover Advantage... is there one? MRI/Sales Consultants of Northridge Recruiting Realities in the New Economy... Receiving the most from your Executive Recruiter Lessors.com "Net" Working The Equipment Leasing Industry 4:30 p.m. - 4:45 p.m. | BREAK 4:45 p.m. - 5:30 p.m. | Concurrent Exhibitor Workshops SecureLease.net Taking Advantage of e-commerce .NET Style BAG, Inc Business Intelligence Service Provider - Fleet Management Services Alternative Lessors.com "Net" Working The Equipment Leasing Industry 5:30 p.m. - 7:00 p.m. | Networking Reception | Sponsor - Semon Associates, Inc. Thursday, August 30 8:00 a.m. - 9:00 a.m. | Breakfast | Sponsor - MRI Sales Consultants of Northridge 8:30 a.m. - 11:30 a.m. | Networking Suite Open | Sponsor - SecureLease 9:00 a.m. - 11:30 a.m. | Funding Source Exhibit Open Equipment Leasing Association Description of Services GMAC Commercial Mortgage/ABLD Description of Services ORIX Public Finance LLC Description of Services PureMarkets Description of Services SG Cowen Securities Corporation Description of Services Southern Pacific BanCapital Description of Services 9:00 a.m. - 9:45 a.m. | Concurrent Exhibitor Presentations CapitalStream Leveraging The Web To Automate Processing And Cut Costs Cambridgecommerce, Inc. When The Going Gets Tough, The Tough Use E-Processing MicroBilt Corporation Tools for Automated Decisioning at the Point of Entry 9:45 a.m. - 10:00 a.m. | BREAK 10:00 a.m. - 10:45 a.m. | Concurrent Exhibitor Presentations Funder OnLine Introducing ExpressOS - The World’s First e-Business Portal Operating System OutSourcing Solutions Group Multi-State Taxes...Multi-Headaches...is there a cure? Fair, Isaac and Company Solutions To Help Lessors Streamline Operations And Improve Profitability 11:30 a.m. | THE FRC CONCLUDES - HAVE A SAFE TRIP HOME ### ########### ################ ############# DoveBid Acquires TradeOut; World's Leading Industrial Auctioneer Continues Aggressive Expansion Plan with its 15th Acquisition in Less than Two Years DoveBid(TM), Inc., the worldwide leader in Webcast industrial auctions, valuation services, and other capital asset disposition services for the Global 4000, today announced the acquisition of TradeOut(TM), a leading provider of Internet-based services that enable businesses to buy, sell and manage their excess inventory and off-lease assets. TradeOut, based in Valhalla, New York, offers surplus assets in 12 categories. TradeOut is a preferred asset remarketing distribution partner for several GE Capital businesses including GE Capital Commercial Equipment Financing, GESeaCo, Transport International Pool (TIP), GE Capital Fleet Services, and Penske Truck Leasing. TradeOut has sold over $50 million of trucks, buses, containers, and trailers. TradeOut brings domain expertise and an established customer base in commercial transportation to DoveBid and launches DoveBid's commercial transportation asset category. DoveBid now expands its offering in industrial auction and appraisal services to 20 asset categories. "I am excited about DoveBid's ability to expand its platform from capital assets into commercial transportation," said Ross Dove, DoveBid Chairman and Chief Executive Officer. "TradeOut has had great success with GE and others in Internet selling of a wide range of transportation assets. Integrating their industry expertise into our model truly makes DoveBid even more of a world-class leader." This acquisition expands DoveBid's long-established capital asset disposition and appraisal business with GE to encompass TradeOut's commercial transportation business. GE Capital has demonstrated its confidence in DoveBid by nominating Jim Robo, Chief Executive Officer of Transport International Pool (TIP), to join DoveBid's board of directors. "I am very excited to be joining DoveBid's board of directors," said Jim Robo, Chief Executive Officer of TIP. "GE Capital is committed to the Internet and to working aggressively with world-class companies that have embraced the Internet. GE Capital's experience with TradeOut has proven to us that the global reach of the Internet maximizes asset values. This acquisition uniquely positions DoveBid as the premier provider of auction and appraisal services." DoveBid will help TradeOut customers access an array of asset disposition services including Webcast auctions, featured online auctions, liquidations, private treaty sales, sealed bid auctions and valuations. DoveBid reaches buyers and sellers around the world with its global marketing reach and Webcast technology. "DoveBid's strength in Webcast and online auctions has already made it the clear leader in the used capital asset auction space," said Mark Ullman, President and Co-Chief Executive Officer of TradeOut. "We believe our customers will greatly benefit from access to DoveBid's turnkey services and global auction capabilities. Sellers will be able to better maximize their return on assets, and buyers can choose from assets in 20 categories." In May 2001, DoveBid reported that net revenues for the first quarter of 2001 reached $27.6 million -- a 500% increase over the first quarter of 2000. Net revenues for DoveBid jumped from $12 million in 1999 to over $80 million in 2000. DoveBid projects positive operating income in Q3 and Q4 of 2001. About DoveBid(TM) DoveBid, Inc. is a leader in Webcast industrial auctions, valuations, and other capital asset disposition services for Global 4000 businesses. Founded in 1937, DoveBid has conducted thousands of industry-specific auctions on behalf of corporations, government agencies and financial institutions |