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August 14, 2001 Headlines— Ampent Says Rumors Aren’t So William Tice Withdraws From Purchase, Tice to Sell Assets Tyco cuts 6,400 jobs over 9 months/58 plants shut amid deals; more cuts loom Leasing Guy Drives “FMV” Vehicle ______________________________________________________________ Ampent ( formerly Accesslease ) There are rumors there have been serious cutbacks in sales and marketing here. Senior Marketing Manager Parker Trevin says it is minor, basically a change in strategy and denies the rumor. Their competitors predict the company will not be around for long, but no one wants to be quoted or go on the record. It is not secret that internet based leasing companies and entities are having a rough time as other dot.com companies have already bitten the dust. Who is next? Established
in 1997, Ampent(tm),
formerly AccessLease.com,
provides for the frictionless
distribution of
capital through
the financing supply
chain, accelerating
commercial lease
transactions for
small-ticket equipment vendors,
funding sources
and lessees. With
their patent pending
Capital Acceleration
Platform(tm) (CAP),
Ampent significantly
increases the speed, efficiency
and quality of finance
transactions while
the reducing the
cost and
effort associated
with traditional
lease processes. Headquartered in San
Francisco, CA, Ampent
is a member of the
Equipment Leasing
Association of
America and the
United Association
of Equipment Leasing
and is backed by Athena
Technology Ventures,
Artemis Ventures,
Sterling Payot Capital,
and other
investors.
For more
information visit
Ampent online at
www.ampent.com <http://www.ampent.com>. --------------------------------------------------------------------------------------------- WebVan
Announces Bid Selection WebVan
Group, Inc. announced
that it is in the
process of soliciting
bids for
the purchase of
its business units,
technology platforms,
and other assets.
Interested parties
must submit offers
by August 27, 2001. ---------------------------------------------------------------------------------------- Consumer Leasing???? MicroFinancial Inc., (NYSE:
MFI), headquartered
in Waltham, MA,
and with additional
locations in Woburn,
MA, Herndon, VA,
and Newark, CA,
is a financial intermediary
specializing in
financing for products
in the $500 to $10,000
range. Through its
operating subsidiary,
Leasecomm,
the company has
provided funding
for over 300,000,
mostly commercial,
accounts nationwide They
have acknowledged
they are being invested
by the Department
of Justice,
primarily for violating
the regulations
regarding consumer
leasing. MicroFinancial
contends they are
business leases. --------------------------------------------------------------------------------------------------- Tyco cuts 6,400 jobs over 9 months 58 plants shut amid deals; more cuts loom By Bloomberg News,, XETER, N.H. - Tyco International Ltd., which made more than $17 billion in acquisitions during the first nine months of its fiscal year, has eliminated about 6,400 jobs related to the deals and plans to cut 2,000 more positions related to the purchases. Tyco also shut 58 factories, offices and other facilities in the period ended June 30, the company said in a US Securities and Exchange Commission filing. Another 2,902 jobs from fiscal 2000 acquisitions also were cut, Tyco said. Chief executive Dennis Kozlowski buys companies and reduces costs to immediately add profit to Tyco's main divisions: health care, telecommunications, electronics, security and fire, and industrial valve businesses. Fiscal 2001 purchases have included CIT Group Inc., which added a finance arm, medical device maker Mallinckrodt Inc., and Simplex Time Recorder Co. As a result of purchases made so far this year, the company has plans to eliminate 8,394 jobs and shut 225 facilities, the filing said. The company has 220,000 employees now, Tyco spokeswoman Maryanne Kane said. Tyco is the biggest maker of electronic connectors, undersea fiber-optic cable, security and fire prevention systems, and industrial valves. It's the second-biggest maker of disposable medical supplies, behind Johnson & Johnson. Shares of the company, based in Bermuda and operated from Exeter, N.H., fell 17 cents to $53.60. --------------------------------------------------------------------------------------------- Drives “FMV” Vehicle <<<<Plain text messages cannot carry vbscripts or viruses, but they can still transport file attachments that contain viruses! >>>> The same is true for HTML. You CANNOT execute a viruses or vbscript simply by opening an e-mail. It doesn’t matter if it's plain text, word or html. They are only infectious if you click on an executable attachment. Viri--- <<<< Anyone with default HTML settings is a very high risk for spreading viruses that email themselves to every contact in their address books. >>>> Not true, the only way to execute an e-mail virus is to click on an attachment. HTML/Plain text has nothing to do with it. <<<<If you are not driving a BMW car or motorcycle, what do you drive? editor >>>> 2001 BMW 330 CI Coupe (wife’s drives mostly) 1999 BMW X-5 4.4I (plates read “LESSOR”) 1996 Dodge Viper R/T 10 (wife not allowed to drive anymore) (plates read "FMV") 1984 Chevy ¾ ton pick-up with 118,000 miles Leasing Guy ( This is a difficult subject to make 100% rules. HTML with card attachments are often opened, and they can obtain a virus. There are certain viri that go thourgh Microsoft Outlook without having to open an attachment. There are patches for some of them. The best advice, don’t open attachments without verifying from the sender that they actually sent it and it does not have a virus. It is safer to send e-mail in text format to avoid the problems of attachment card opening or use with Microsoft Outlook, the most popular e-mail program. editor ) --------------------------------------------------------------------------------------------- #### ######### ################# ################### ########### William Tice Withdraws From Purchase, Tice to Sell Assets
KNOXVILLE, Tenn.--( --Tice Technology, Inc. (OTCBB:TICE)(OTCBB:TICEW) reported today that Mr. William A. Tice, the Company's founder and Chairman of the Board, had withdrawn from a letter of intent entered into June 29, 2001 with the Company regarding Mr. Tice's purchase of certain assets of Tice Engineering and Sales, Inc. ("TES"), a subsidiary of Tice Technology, Inc. Due to continuing operating losses at TES, management of Tice Technology, Inc. had previously decided to either sell the assets of TES or curtail operations. On June 29, 2001, the Company announced that it had entered into a letter of intent to sell the TES business to William A. Tice. The transaction, conditional upon the securing of working capital funding by Mr. Tice, was expected to close in August 2001. The Company would have retained ownership of its patented Electronic Gearing Technology, allowing Mr. Tice the rights to utilize the technology under license. In addition, Mr. Tice would have licensed the rights to the revolutionary FS-2000 felling machine. The Company would have sold Mr. Tice the inventory, property, equipment and patents related to TES's traditional product lines, and the Company was to have received approximately 4,500,000 common shares of Tice Technology and the transfer of approximately $750,000 of debt obligations to Mr. Tice as part of the transaction. Upon the decision by Mr. Tice, management immediately ceased all manufacturing and research and development activities, and reduced headcount and other overhead costs. Additionally, the Company has begun seeking other potential buyers of the assets, technology or the business. The Company laid off eight employees as a result of Mr. Tice's withdrawal of the offer to purchase the assets. Tice is a publicly traded holding Company providing diverse products and services through three wholly owned subsidiaries: Tice Engineering and Sales, Inc. (founded in 1965) provides engineering and technical solutions for specialized, industrial sewing equipment. Tice is widely known in the apparel industry for its patented Electronic Gearing Technology. MidSouth Sign Company, Inc. sells and produces metal and vinyl signs and National Survey Associates (a division of MidSouth Sign Company, Inc.) provides national signage surveys and other services for commercial clients. Customers include American Express, Clayton Homes, and Compass Bank. LandOak Company, Inc. is an automobile and equipment rental and leasing Company for individual and commercial clients throughout the upper East Tennessee area. Customers include Tennessee Eastman and the Tennessee Valley Authority. ### ################# ################# ##########
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