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Headlines--- Pictures
from the Past-2000-Lurie-Ryan Snowstorm
Closes Leasing Companies,Schools,Businesses Weather
on the Internet/Guide to Inclement Weather VenCore
Leasing Solutions Secures Line from Comerica Not Raising Dues!!! EAEL...NAELB Dues
Comparison-- Leasing Association-- Up-Dated 18
Positions Open for Managers with Leasing
Experience Keystone
Leasing---Not Number #1 ATM
Machines---Do You Know the Way?
Fitch Ratings
Downgrade Conseco to a "D" Burger King 362 Store franchisee
files #11 William
Fike Named Head of Specialty Products
at Bank of the West
CIT Construction
Industry Forecast Improves, First Time:
5 Years #### Denotes Press Release ________________________________________________________________________
Pictures from the Past—2000—Lurie-Ryan
“It’s not all work and no play for Bruce Lurie
and Jack Ryan of Douglas-Guardian” 2000 Spring Conference, San Francisco, California United Association of Equipment Leasing Newsline,
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ELA/NAELB http://65.209.205.32/LeasingNews/JobPosting.htm ________________________________________________________________________ Snowstorm Closes Leasing Companies, Schools,
Knocks Power (Looks like Christmas and all business will
be disrupted by the strong weather.
It was unusually warm in Santa Clara, California, yesterday:
74 degrees. Editor ) ROGER PETTERSON Associated Press ALAN MARLER/AP Jim Calloway removes snow from the driveway
of his business near Fletcher, N.C., on
Wednesday. An early Southern blast of
snow, sleet and freezing rain blew from
Arkansas into the Carolinas. A vast storm spread freezing rain and up to
a foot of snow from the Texas Panhandle to Virginia on Wednesday,
shutting down hundreds of schools, making
highways dangerously slick and knocking
out power to more than 100,000 people. "Everybody needs to stay home," Oklahoma
Highway Patrol Lt. Jerry Treadwell said. Slippery roads were blamed in at least six traffic
deaths, including two each in Kentucky
and Missouri and one each in Tennessee
and North Carolina. "It's nasty - sleet, snow, freezing rain,
a little bit of everything," said
Shari Clapp with the Kentucky State Police
in Mayfield. Snow fell along a path from Texas to the Appalachians
of southwestern Virginia. Only a few inches
fell in most areas, but nearly a foot
piled up in the Oklahoma Panhandle and
trees and power lines were coated with
ice across the state. In the Appalachians, the Blue Ridge Parkway
was shut down in North Carolina as a foot
of snow piled up in some areas. Fort Campbell,
the army post along the Kentucky-Tennessee
line, closed down. "Man, it's cold. That wind's been blowing
steady," said Greg Conner, 35, a
construction worker working on a new hospital
in Nashville, Tenn. A solid sheet of ice
covered part of the construction site. Schools were closed in nearly a dozen states,
including Oklahoma, Kansas, Missouri,
Arkansas, Kentucky, Tennessee, Illinois,
the Carolinas and Virginia. Some Georgia
schools closed as a precaution because
of expected icy roads. More than 100,000 students were sent home early
in the Charlotte, N.C., area and South
Carolina Gov. Jim Hodges told state agency
heads to let workers go home early in
22 counties ahead of the storm. Mason Modglin, 5, of Anna, Ill., got his "first
official snow day," said his mother,
Jean Modglin. "He told me, 'Mom, I looked outside with
my little eyes and it was all white!'"
said Modglin, who manages a bookstore. Some businesses also shut down early. "Some
of us have to drive 20 miles to get home,
and it would be nice to get there before
the worst of this hits," said Debbie
Martin, co-owner of D & J Hair Cuttery
in Gainesville, about 50 miles northeast
of Atlanta. Marvelle Hawkins stocked up on groceries at
Greenville, S.C., because an ice storm
four years ago trapped her at home with
no electricity or food. "When they say it's going to ice, it's
going to ice," said Hawkins, 31.
"I don't take the chance anymore." Stores sold out of ice scrapers and emergency
shelters braced for weather refugees.
At the Merita Bakery in Charlotte, N.C.,
employees were working overtime baking
bread. "If people just hear the threat of weather
you can't get it out there fast enough,"
bakery supervisor Mark Wilcox said. Some 37,000 homes and businesses were blacked
out in Oklahoma, utility officials said.
Lt. Gov. Mary Fallin declared 42 of the
state's 77 counties a disaster emergency
area, allowing utilities to ask for help
from out-of-state companies. About 56,000 homes and business had no electricity
in northern Arkansas, and utilities said
some people might have to wait until Saturday
to get their lights back. Another 23,000
people in Tennessee, 16,000 in North Carolina
and 3,000 in Kentucky also lost power. Delta Air Lines canceled several morning flights
to Atlanta from airports in Arkansas,
Tennessee and Kentucky, as well as three
outgoing flights. American Airlines also
reported delays in the region. The stormy weather was caused by a combination
of moist air flowing out of the Gulf of
Mexico and frigid air pouring down from
the north. Detroit had a low of 3 degrees Wednesday, tying
its record for the date. Two men died
after being found outside in the cold
there Tuesday. International Falls, Minn.,
had a low of 17 below zero, while the
wind-chill reading at Minot, N.D., reached
40 below. At the Petro truck stop near Madisonville, Ky.,
the restaurant was doing brisk business
as travelers took a break from the slick
Pennyrile Parkway. "I think they are getting off the highway
and eating just to calm their nerves before
they go back out there," general
manager Sue Holmes said. ----------------------------------------------------------------------------------------- Weather On the Internet National Weather Service: http://iwin.nws.noaa.gov http://www.wco.com/~paulg/weather.html Here is some more sites to gather info about
the weather. Intellicast: http://www.intellicast.com University of Michigan site: http://cirrus.sprl.umich.edu/wxnet Live Weather Images www.weatherimages.org Short Range Weather Forecasts (ETA) http://grads.iges.org/pix/eta.fcst.html http://grads.iges.org/pix/eta.jet.html http://grads.iges.org/pix/eta.850.html More weather locations: Your guide to coping with inclement weather http://www.accessatlanta.com/ajc/metro/1202/04weatherguide.html ######################## #################################### VenCore Leasing Solutions Secures $7 Million
Credit Facility from Comerica Comerica (NYSE: CMA), a leading financial services
company, and VenCore Solutions, the early
stage commercial equipment leasing experts,
announces that Comerica's Technology and Life Sciences
Division has provided VenCore with a $7
million line of credit. "We certainly understand the value of venture
leasing, so we are pleased to support
VenCore with this credit facility,"
said J.P. Michael, senior vice president
and manager in Comerica's Pacific Northwest
Technology and Life Sciences Division.
"Since we share a target market,
our collaboration will prove mutually
beneficial, and it will also benefit the
emerging growth companies that take advantage
of our respective services." VenCore Solutions provides equipment lines of
credit to early-stage companies that would
typically not qualify for traditional
lease financing. VenCore helps emerging
growth companies to conserve as much equity-based
venture capital as they can, without diverting it to
costs for equipment and infrastructure
and without having to further dilute equity
positions by seeking additional venture
capital. "Financial services and emerging growth
companies coming together is what VenCore
is all about. Over 75 percent of startup
and emerging growth companies combine
venture lease financing with venture capital
to maximize, leverage and schedule working
capital," said Len Ludwig, VenCore's
CEO. "Our VenCore team has the experience
in financing a wide range of equipment
to serve the emerging growth market. The timing couldn't be better
and VenCore's affiliation with Comerica
opens new avenues for both parties." About VenCore VenCore is a re-capitalized spin-off created
from the 17 year-old Venture Leasing Division
of FirstCorp. We are focused on providing
equipment lines of credit to early-stage,
entrepreneurial companies that do not
qualify for traditional lease financing. VenCore's clients
are emerging growth companies that have
received equity capital and may or may
not have received a first round of venture capital. These clients typically
need their first workstations, telephone
systems and office equipment. For more
information, visit www.vencore-solutions.com. About Comerica's Technology and Life Sciences
Division |
