 |
 |
 |
 |
 |
December
11, 2002
Post time 6:40a.m. PST |
"Up and down, up and down, I will lead them up and down; I am fear'd in field and town. Goblin, lead them up and down."
Please bare with us as our "Archive Section" is under re-construction. Our web hosting service cut one of the servers off in the transition and it was not until readers told us the web site was up did we call and had the problem resolved.
Our archive section has exceeded 100mb, and along with the new photo archives from "Pictures from the Past," we decided to move the archives to another server to keep the main server "lean" to load faster for readers. We did not plan on the Pictures in the Past archive section taking up so much space. We have three separate servers in order to provide a fast "download." The search feature is also being reconfigured. We hope to have the Archive section up and running by the end of this week. It requires a complete "link" reconfiguration. We are "up! "
Thank you for your patience. Kit Menkin
Headlines---
Pictures
from the Past-1987---Jim "Sherlock" Possehl
Classified Ads---Last of the Outsourcing
Classified Ads---Help Wanted---Now Four!!!!
New Book: "Selling Leasing In A Tough Economy"
Digex Financial Services Unveiled
Streamlined Sales Tax Presentation
Rescheduled
New Navy destroyer arrives in San Diego
Gap widens in computer use between rich, poor
#### Denotes Press Release
--------------------------------------------------------------------------------------------
Pictures from the Past-1987---Jim "Sherlock" Possehl
 |
James
H. Possehl
Republic Financial Corporation
Aurora, Colorado
President of Republic Financial Corp. since 1971. He serves as president and on several leasing association boards, including the CLP and Equipment Leasing and Finance Foundation boards, in addition to many local community organizations. He and his wife Karen, '66, have three children and four grandchildren.
"Since our founding in 1971, we have changed our business plan dramatically but our values and goals are the same.
"We have evolved from a small equipment lessor to a financial services firm offering a wide range of financial options. Our transaction size has grown from under $100,000 to completing a recent acquisition, in which we closed a 35% interest in an energy services firm, with over $250,000,000 in sales.
"One of the substantial reasons for our success is our customer focus. We do not have a mold. The process we discuss here and in our company literature called "team storming" is a reality. We really do look for a challenge, the unique transaction in which we can in some way apply our talents to create something of value for our customer.
We are not the right choice for a cookie cutter transaction. We apply expertise and experience in blending domestic & international financial, tax, legal, accounting and asset characteristics to maximize the desired results while minimizing the cost of capital to our customers. "If you are looking for an organization who will give a unique or complicated transaction the time, talent and attention required to find the best possible solution, then we would like to hear from you. Challenge us. Please call (303/751-3501), fax (303/751-4777) or e-mail us at info@republic-financial.com".
http://www.republic-financial.com/community/chucks_kids.shtml
----------------------------------------------------------------------------------
Classified Ads---Last of the Outsourcing
Asset Management: We specialize in working w/Leasing Companies. Buying lease return PC's/ Laptops/Printers/Servers, Telecomm gear/ software & different kinds of Technology based equip. Call 405-604-4872 ask for Aimee
Asset Management:
US & Canada
Quiktrak performs equipment inspections within 24 hours of your job placement
anywhere in the US. Order, check status & receive reports & photos online.
Email:sdresser@quiktrak.com
Asset Management:
Columbus, OH.
Successful record in the liquidation of equipment leases. Highly skilled
in Workout, Bankruptcy, Collection, and Asset Management. Great References.
Ability to liquidate entire portfolio with excellent results. email: hardesty@alltel.net
Asset Management:
Placentia, CA
On site verifications, document signing or collections. Quick, accurate
and professional. Reports with photographs e-mailed direct. Agents throughout
US. Contact for coverage and rates. Email:pwright@yk2bizsolutions.com
Asset Management:
Boston, MA
12 years equipment management experience covering all types of assets.
National wide service of appraisals, inspections, remarketing, due diligence
and new employee training. Chris Condon 508-785-1277 Email:chris@dovermanagementgroup.com
Asset Management:
Phoenix, AZ
15 yrs exp in Arizona, on site verifications, document signing. Help in
repossessions, storage, determine market value and remarketing of MACHINE
TOOLS Email:mtlfingrp@att.net
Asset Management:
Champaign, IL
LESSEE ADVISORY SERVICE provides flexible, pro-active management of leased
equipment, lessor negotiation, arranging lease finance, mid-term & end-of-lease
solutions, etc. Contact: Dan Sholem @ 217-352-9260 or Email: drsholem@mindspring.com
Asset Management:
Atlanta, GA
Able to provide training to dealers on financial merchandising as well
as provide assset management service Email:kingcole@mindspring.com
Asset Management:
Orem, UT
CVI is an asset recovery company that collects on accounts,repossesses
equipment and remarkets throughout the united states. For more information
call David at 801-765-9939 Email:canyonviewinc@juno.com
Asset Management:
Tampa/St. Pete, FL
Contact Dick Mitchell @ Randolph Lynn Associates for prompt professional
pre-funding equipment inspections, collateral "visits", and related lessee/vendor
contacts. (Florida locations) 727-302-9144 Email:dmrla@gte.net
Asset Management:
Brea, CA
Asset Recover Service for Computer Notebooks. We purchase computer disposal,
residual. We do remarketing too. We take off lease, end-of-lease, second
hand computer, refurbished laptops and notebooks. Email:laptopsale@adelphia.net
TPost a "Free Ad," go to:
http://65.209.205.32/LeasingNews/PostingFormOutsourcing.asp
Classified Ads---Help Wanted---Now Four!!!!
Sales: National:
7 offices Medical & IT/ plus. Seeking professionals w/solid book of business
& high ethics. Exceptional support & commissions. Expenses paid. 616-459-6800
Email: gsaulter@chaseindustries.com
"UAEL"
Sales:Warminster,
Bucks County, PA
. 18 yr old, prof. lessor seeks net PVP motivated sls pros. Top funding
& backroom capabilities.email:sbrown@capitalinnovations.comsbrown@capitalinnovations.com
"NAELB"
Sales: Small ticket leasing reps, General equip. Vendor leads are provided. Great comp plan, Draw and Benefits. (6)nationally (3)in the NE Fred St Laurent freds@bwresults.com
Sales: Small to Mid-Size ticket leasing Reps. CA & others. Many Vendor leads avail. Gen. Equip.and Auto Shop Equip. Strong Commish. & Support. Adam at APetty@lvcm.com
Buy a "Help Wanted" Ad, please go to:
http://65.209.205.32/LeasingNews/PostingFormWanted.asp
#############
###############################
New Book: "Selling Leasing In A Tough Economy"
Bountiful, UT -- /Xpress Press/ -- Off-balance sheet financing has received a lot of negative press recently. Witness the damage caused by the abusive behavior of Enron, Global Crossing, JP Morgan, Citicorp, and GE.
In order to re-establish their credentials, equipment leasing companies need to present leasing as a viable financing alternative to acquire equipment in these difficult financial times.
After six years of exhaustive research, Jeffrey Taylor, Founder of ExecutiveCaliber - Global Lease Training, has published his new book, "Selling Leasing In A Tough Economy". This 280-page book promises to enlighten both lessors, lessees and the investment banking community.
For further information, please visit http://leasing.bz.
Image to accompany this story: http://www.xpresspress.com/images/leasinglogo.jpg or http://www.xpresspress.com/images/leasinglogo.gif
Contact:
Jeffrey Taylor
801-299-9332
JTaylor@executivecaliber.ws
########## ##########################################
David G. Meyer's Business Leasing News---Latest Edition http://www.pblaw.com/Newsletters/Bln/Release/bln_2002_12.htm
################
######################################
Digex Financial Services Unveiled
Digex, Incorporated (Nasdaq: DIGX), a leading provider of managed Web and application hosting services, announces the launch of Digex Financial Services (DFS), an equipment leasing program designed to provide customers with the best hardware terms and financing options. With the creation of DFS, customers will now have an improved source of funding for their equipment, while better positioning Digex to advance its strategic priorities.
"This is
an important step and one of the most substantial changes we've made for
Digex on the road to financial independence," said George Kerns, president
and CEO of Digex. "This initiative keeps Digex focused on our core business,
to deliver the best possible enterprise hosting services and solutions.
The DFS program leverages third party leasing companies and focuses on
providing the best prices and terms on hardware for our clients. This
is a natural evolution of our business model which should sharpen our
focus on enhancing services and solutions for our customers, while they
benefit by leveraging the experience and flexibility of the secondary
credit market."
Digex clients can realize direct financial benefits from leasing with
DFS through more flexible terms, lower upfront costs, greater capital
availability and competitive interest rates. Consequently, clients may
realize improved Return on Investment (ROI) with potentially lower monthly
payments for hardware. By tapping into the vast secondary credit market,
DFS can structure leases to meet customer needs in a way that Digex could
not in the past -- leases can be as short as three to six months for clients
with short projects, or as long as 48 months. In addition, customers will
be able to structure the lease as operating or capital according to their
accounting practices.
"With the introduction of DFS, Digex is working to diminish capital expenditures for client acquisition," said Scott Zimmerman, Digex CFO. "Clients will gain from reduced costs and more flexibility in their financing. This program may also enable Digex to better accommodate our customers' requests for non-standard hardware due to the reduction in upfront capital investments."
About Digex
Digex is a leading provider of managed Web and application hosting services. Digex customers, from mainstream enterprise corporations to Internet-based businesses, leverage Digex's services to deploy secure, scaleable, high performance e-Enablement, Commerce and Enterprise IT business solutions. Additional information on Digex is available at http://www.digex.com/flash.htm
( courtesy ELAonline.com )
###############
###########################################
Streamlined Sales Tax Presentation Rescheduled
Streamlined Sales Tax presentations during the Fiscal Chairs meeting of the National Conference of State Legislatures (NCSL) at the Hyatt Capitol Hill in Washington, D.C. have been rescheduled to reach a broader audience. Originally planned to begin late Friday, legislators serving on tax committees will now join with a broader assembly of state legislators for a presentation on the Streamlined Sales Tax Project (SSTP) from 9:30 AM - 11 AM on Friday, December 13. Telecommunications issues associated with SSTP will be the sole topic during the afternoon session of Fiscal Chairs commencing at 2 PM. Staff does not expect SSTP to be on the formal agenda for Saturday.
A written agenda for the Fiscal Chairs meeting will not be distributed until Friday. This information is based on a partial schedule released today and discussions with the appropriate staff.
Dennis Brown
;
DBROWN@ELAMAIL.COM
-------------------------------------------------------
New Navy destroyer arrives in San Diego
(Dashiell
Menkin,E2, Electrician/Diver/
Chief Electrician Repair, Chief Safety Officer)
EARNIE GRAFTON / San Diego Union-Tribune
Sailors pull on a line to secure their ship, the destroyer Preble, to a pier at the 32nd Street Naval Station for the first time. The destroyer, recently commissioned in Boston, sailed into its new home port of San Diego Wednesday.
Navy's newest destroyer, named after a legendary officer who launched daring raids against Tripoli harbor in the early 1800s, sailed into its new home port of San Diego Wednesday.
The Preble is the fourth newly commissioned destroyer to be stationed in San Diego since May 2001. ( Commissioned November 9, Boston, Massachusetts.)
The ship and its crew of nearly three dozen officers and 348 enlisted personnel were greeted by friends and family members. The Preble arrived from Boston, where it was commissioned on Nov. 9., with a large red, white and blue lei draped across the bow.
As is standard for new ships, the ship likely will be homebound for a year or so before any deployments so it can be broken in, said Navy journalist 2nd class Jason Heavner.
The ship, the 38th in the Arleigh Burke destroyer class, is 511 feet long. The Navy calls it "one of the most powerful surface warships ever put to sea."
It is the sixth American vessel named after Commodore Edward Preble, and the second destroyer to carry the name Preble. The previous Preble was a Farragut-class destroyer launched in June 1975 and decommissioned in 1991.
Born in Falmouth, Maine, on Aug. 15, 1761, Preble ran away to sea when he was 16, joining the crew of a privateer. Two years later, he became a midshipman on the frigate Protector and fought two engagements before being captured in 1781.
The following year, after his release, he became first lieutenant on the cruiser Winthrop, enhancing his reputation for bravery by leading a boarding party in the capture of a British brig anchored at Castine, Maine, escaping under shore fire.
Preble was commissioned a captain in the Navy in June 1799, taking command of the Essex, a frigate that sailed from New York in January 1800 to protect American ships engaged in China and Eastern trade.
During that voyage, Preble became the first naval officer to fly the American flag east of the Cape of Good Hope.
In 1803, with the USS Constitution as his flagship, Preble sailed against the Barbary pirates as commodore of a seven- ship squadron. He established a peace treaty with the Emperor of Morocco in October of that year, then set up a blockade of the harbor of Tripoli.
Not satisfied with maintaining a static blockade, he launched a series of daring raids against the harbor, causing severe damage and inflicting heavy casualties - "a direct result of strenuous training and bold thinking," the Navy says.
He returned to the United States in 1804 to supervise the construction of gunboats and died on Aug. 25, 1807.
_____________________________________________________________
Gap widens in computer use between rich, poor
Verne Kopytoff, San Francisco Chronicle Staff Writer
San Francisco Bay Area residents are increasingly logging on to the Internet, although the gap in use between high- and lower-income groups is widening, according to a new survey.
The annual Bay Area Poll, commissioned by the Bay Area Council business group, underscores the persistence of the so-called digital divide.
But the survey also paints a picture of a region that has embraced technology more than many other areas of the country.
Among the findings is that nearly 75 percent of all local residents use the Internet at least once a week, up 3 percent from last year. Nationally, the average is around 60 percent.
Bay Area residents with annual household incomes of more 5 percent from last year. than $80,000 led the online charge. Their rate of adoption surged to 90 percent, up
But Internet use in lower-income households grew more slowly, according to the survey. Nearly 58 percent of residents with household incomes of less than $40,000 said they used the Internet, up only 2 percent from the previous year.
The digital divide becomes even more glaring when computer use is considered. Computer adoption actually declined 3 percent for lower-income residents to 65 percent, according to the survey. However, the rate for higher- income residents surged 5 percent to 92 percent. For years, educators and economists have worried about the poor being left behind in the Internet revolut
ion. They say that the online have-nots are more likely to fall behind in school and therefore be unqualified for higher paying jobs.
"It is troublesome to us that that digital divide is widening," said Sunne Wright McPeak, chief executive for the Bay Area Council. "What that suggests is a hardening of adoption in the poorer neighborhoods that is going to require a strong public policy to break through the barriers."
The Bay Area Poll, released today, is derived from 600 telephone interviews across an array of topics with a representative sample of Bay Area residents. The margin of error is plus or minus 4 percent.
For the first time, residents were asked whether they access the Internet on dial-up or high-speed connections. The responses showed a relatively high percentage of the public using broadband compared with national averages.
Among Internet users, 43 percent said they have high-speed connections at home through cable or DSL lines. Fifty-three percent said they had regular telephone modem connections.
Nationally, the breakdown is around 28 percent for broadband and 71 percent for dial-up connections, according to NetRatings, a market research firm.
The most popular use for the Internet, the survey found, was reading reference materials, journals or databases. Second place went to accessing online news, followed by travel and weather information in third place.
The mean time spent online at home and work for online users was 11.46 hours, according to the survey.
Results for all questions will be available Wednesday on the Bay Area Council Web site at www.bayareacouncil.org.
CHART (1):
SURF'S UP
Findings from the Bay Area Poll 2002
Regularly use the Internet: 74.5 percent
Regularly use a computer: 78.6 percent
Mean time spent online per week: 11.46 hours
Source: Bay Area Poll 2002
www.leasingnews.org
Leasing News, Inc. (Pending)
346 Mathew Street,
Santa Clara,
California 95050
E-Fax: (781)459-4789
kitmenkin@leasingnews.org
Policy Statement