Kit Menkin’s Leasing News www.leasingnews.org  Wednesday, February 13.2002  ______________________________________________________

Airlines Face Three More Tough Times

   Quilling Calls It “Quits,” Joins Heritage Pacific Leasing

       Baruch Forms New Muni Leasing Company

          With McGuinn

            Lease Conferences

              James White Joins TCF Leasing

Domino's Pizza buying 82 franchised stores in Phoenix market

  Bank of the West Selects CapitalStream to Provide Process Automation

    Leasing Group Inc. Forms Mexican Subsidiary To satisfy International Demand

          MicroFinancial Gets New Chairman of the Board---Dr. Peter R. von Bleyleben

               AMRESCO Leasing Corp. Acquired by NCS I, LLC

                   Karmart Selects Compaq  to Enhance Dealership Efficiency

                       eCredit Subsidiary Secures Funding/ Strategic Reseller Japan                         
                         Thomas W. Bunn, Bank of America Veteran Now at  KeyCorp 
                           GATX  Elects Robert Lyons to Vice President, Investor Relations

                        Leasing News List to be up-dated

#### Denotes Press Release

 ______________________________________________________________

GE/Heller Chicago Office Alleged “Sick Out”

Still no confirmation or denial.  Only this unsigned e-mail:

Tim Reese is the greatest person that GE ever let go. Ge should have learned people skills
from him and CPL in moving to Chicago

 

 ( PS.  Leasing News has many GE and Heller and related e-mail addresses, but not a peep. editor )

----------------------------------------------------------------------------------------          

Airlines Face Three More Years of Tough Times,

         Reports AirlineMonitorWeekly.com

Airlines face up to three more years of tough times before recovery, predicts the president
of the world's largest aircraft leasing company.

 

Henry Hubschman, president of GE Capital Aviation Services, said the industry was already
in a downturn well before September 11 and faces two to three more years of tough times
before recovery can be expected.


GECAS owns and manages about 1,000 jets, leasing them to the world's airlines. The
aircraft leasing industry isn't as high-profile nor as sexy as the airlines, but it is a vitally
important segment to the commercial aviation industry. GE Capital Aviation Services and
International Lease Finance Corp. -- are two of the most important customers Airbus and
Boeing have. When airlines get into trouble, lessors are quickly asked for help. Lease rates
and aircraft values decline. Thus, the leasing industry is one of the many barometers of the
health of the industry.

 

AirlineMonitorWeekly talked with some of the largest lessors in this Special Report:

 

GECAS Says Down Market Will Last Up to Three Years GATX Divorces Flightlease and
Moves On ILFC Faces Graver Conditions Than 11 Years Ago

Other Stories in this week's AirlineMonitorWeekly.com:

 

Lombard Aviation Capital: Pick and Mix Off-Balance Sheet Debt at the Airlines Second
TransBrasil President Out; Deadline on Feb. 13 After Loss, British Air Denies Talks of
New Low-Cost Airline

 

AirlineMonitorWeekly.com is published every Tuesday and provides news, analysis, interviews
and commentary about the world's commercial aviation market. The AirlineMonitorWeekly.com
writers are among the most experienced in covering the airline industry in the world. The subscription
price is only $200 a year.

 

www.AirlineMonitorWeekly.com

 

The Airline Monitor magazine is a leading industry source for forecasting airline and commercial
aircraft market trends. It is published 10 times a year by Edmund S. Greenslet, designed to provide


subscribers with a timely flow of airline traffic and financial data and includes world commercial
jet aircraft and engine delivery forecasts looking out 25 years.

 

www.AirlineMonitor.com

 

Airline Capital Associates is a consulting and financial advisory firm specializing in the
commercial airline, aerospace and transportation-related industries, with a special niche in the
airline and airport support service businesses. ACA recently added an Emerging


Market Practice. ACA is affiliated with The Airline Monitor and provides administrative and
support services for AirlineMonitorWeekly.com. www.AirlineCapital.com

 

  ( courtesy of ELAonline.com )

_______________________________________________________________

Quilling Calls It “Quits,” Joins Heritage Pacific Leasing

 

Thomas “Tom” Quilling , 18 years with Decision Systems, a leading leasing software provider,
has left to open an office for Heritage Pacific Leasing out of Fresno, Ca.  Well known in the
leasing industry, he thought it was time for a change.

“ I just got tired of traveling all around the United States and Canada,” Tom said. “ My life
was in an airplane.  I have known John Otto ( head of Heritage Pacific Leasing) for 25 years. 
This was a good opportunity.  I think the is a good time to get started.”

Tom’s office is at 5353 Gamble Drive, Suite 150 Minneapolis, MN 55416; His telephone number
is (952) 545-0102.

Decision Systems ( http://www.decisionsystems.com/training.htm)  on September 26,
2000-Decision Systems Inc.  agreed to combine operations with CFS Group plc (CFS),
a leading provider in wholesale/floorplan and leasing software. CFS is quoted on the London
Stock Exchange.  April 26,2001, Alfred Stein, Tom Brockbank and Fred Newall have resigned
from the board of directors. There were stories of financial problems, but Tom Quilling said the
company was

in “good shape”: and he left primarily because he was tired of traveling.

 

 

------------------------------------------------------------------------------------------------------------

Baruch Forms New Muni Leasing Company
 

Baruch and Company has been formed to provide tax-exempt financing to municipalities and
the vendors that sell to the municipal market. Formerly the municipal leasing group of Tucker
Anthony Sutro, it is now led by Ted Baruch, who helped open the operation for Sutro in 1989

. Baruch is joined by Chris Jones and other former employees of Sutro in providing equipment,
project and real estate financing for state and local governments, 501(c)3 corporations and the
federal government.

 The company specializes in providing tax-exempt financing to municipal entities acquiring
equipment, projects and real property.

“Our staff has completed over $1 billion of transactions nationally. We work directly with issuers,
vendors, contractors, manufacturers, and financial advisors. Funding is available from $25,000
and no minimum lessee credit rating is required” 

http://www.baruchandcompany.com/home.htm

165 S. Union Blvd. 
Suite 450         
Lakewood, CO 80228
 
Phone: 303.988.5800/800087704693
Fax:     303.988.6300

info@baruchandco.com

-----------------------------------------------------------------------------------

 

With McGuinn

By Associated Press

NAME: Martin G. McGuinn

AGE: 59

OCCUPATION: Chairman and chief executive officer of Mellon Financial Corp.

LOCATION: Pittsburgh.

EDUCATION: Bachelor's degree and law degree from Villanova University.

CAREER EXPERIENCE: After graduation, McGuinn spent three years in the U.S. Marine
Corps as a captain, including a tour in Vietnam. A native of Philadelphia, he joined Mellon
in 1981, rising through the ranks to become chairman and chief executive on Jan. 1, 1999.

FAMILY: Wife Ann and two sons, Patrick, 30, and Chris, 17. He says new granddaughter, Bailey,
17 months, has stolen his heart.

QUOTE: ''Mellon has changed and is still changing.''

 

----------------------------------------------------------------------------------------------------------

 

April 11 - 14, 2002

 

National Association of Equipment Leasing Brokers 2002 Annual Convention

 

Caribe Royale Resort, Suites Hotel and Villas

Orlando, FL

 

Here is the site:

http://www.cariberoyale.com/

 

http://www.cariberoyale.com/meeting.html

 

http://www.cariberoyale.com/contactus.html

 

  or reservations on line

http://www.ebookingz.com/reservations.htm

 

 ( I prefer to speak to people, as I have had difficulties

   with these automated processes, not working them, but

   they don't answer a lot of questions. )

 

Those that didn't hear Mike Meacher on "Meet the News Maker.." he

discussed the conference:

 

Bozo : Is the annual convention in Orlando this year going to be worth my

time and money?

[ Michael_Meacher ANSWERS ]

We're real excited about the convention this year. Because of all the

changes in the industry, we're already finding interest to be higher than

ever among the brokers and the funders. We expect to have a lot of new

attendees in both categories.

>> INTERVIEW

[ SUBMITTED QUESTION ]

Convention 2

[ Michael_Meacher ANSWERS ]

Of course, our location isn't hurting it at all! We've got the best value in

all of the Orlando area! The Caribe Royal Suites & Villas is, perhaps the

nicest site we've ever had. In true NAELB fashion, though, it's a bargain!!

>> INTERVIEW

[ SUBMITTED QUESTION ]

Convention 3

[ Michael_Meacher ANSWERS ]

All accommodations are full suites for less than the price of most regular

rooms in other convention facilities. Breakfast is included, too! A lot of

attendees will find it even more attractive to take a villa. They're

beautiful. You can see it all at: http://www.cariberoyale.com/

 

The above is from the transcript ( I think "Bozo" was Bob Bell's

log in--- if you want to read the Leasing News version where Mike talks

about NAELB for over an hour, here is the news story:

 

http://www.leasingnews.org/Conscious-Top%20Stories/MikeMeacher.htm

 

 

May 2–4, 2002

 

United Association of Equipment Leasing

2002 Spring Education Conference

Brent Hall has put this together, and he has thought of the right

times for workshops and fun !!!!  Bring your wife or girl friend,

and cash as you can’t win, unless you play!

Bet On America!
EAEL and UAEL Together Again!

Ceasars Palace
Las Vegas, Nevada

Online registration coming soon. Check back for details.

Download the Spring Conference Flyer (requires Acrobat Reader)

Please contact Ceasars Palace directly to make hotel reservations at
702-731-7100. Ask for the Special UAEL Group Rate.

For more information on the 2002 UAEL/EAEL Spring Conference, please contact Joanie at the
UAEL office, (510) 444-9235, ext. 27.

 http://www.uael.org/events/spring/UAELSpringCon.pdf

 

 ( You can believe this will be one fun time, and educational too,

  especially if Brent Hall is involved. editor )

 

______________________________________________________________________

 

James White Joins TCF Leasing, Inc.

TCF Leasing, Inc., Minnetonka, Minnesota, announces that James White has joined
the company as vice president, middle market division.

 

  ( courtesy of ELAonline.com )

 

Domino's Pizza buying 82 franchised stores in Phoenix market

ANN ARBOR, Mich. (AP) Domino's Pizza LLC announced Tuesday that it will
acquire 82 franchised stores in the Phoenix market.

 

The purchase from franchisee Sierra-Sonora Enterprises Inc. will bring the number
of stores owned and operated by Domino's to 602 when the transaction closes on or
about Feb. 25.

 

Sierra-Sonora is owned by Rick Flory, who opened his first Domino's outlet in 1980.
Domino's is now the second-largest pizza chain operating in the metropolitan Phoenix area,
the company said.

 

Founded in 1960, Ann Arbor-based Domino's operates 7,112 company-owned and -franchised
stores around the world, the company said.

 

On the Net:

 

Domino's Pizza LLC, http://www.dominos.com

 

________________________________________________________________________

 

 

#### ###################################### #########################

 

Bank of the West Selects CapitalStream to Provide Process Automation

 

 

 

CapitalStreams technology solution will automate and standardize transaction management
for more than 200 bank branches currently using manual processes

 

 

Seattle, WA  -  CapitalStream (www.CapitalStream.com), a Seattle-based provider of patent
pending, commercial finance automation technology for banks, financial institutions and
manufacturers today announced Bank of the West as its newest customer to implement
FinanceCenterä, CapitalStreams commercial finance platform.   Bank of the Wests Business Link
small business lending group chose FinanceCenter as a solution to replace its manual processes
and increase efficiency and profitability for transaction management within its network of nearly
200 branches. As a result, a typical transaction process that can now take as many as five days to
complete will be reduced to 60 seconds.

 

 

Frank Bonetto, Bank of the Wests Senior EVP for Regional Banking, says the CapitalStream
solution will shorten current processing time for loans and lines of credit, significantly increasing
efficiencies within Business Link and the branch.

 

CapitalStreams technology will enable real-time responses and consistent processes, resulting
in better customer service, said Bonetto.  

 

As Bank of the West grows, new branches can be added into the system, which is easily scaled yet
centrallymanaged to reduce cost and redundant training.

 

 

CapitalStreams FinanceCenter automates the commercial finance process across multiple business
lines, multiple products and multiple sales channels, lowering costs and enabling companies to take
advantage of new business opportunities by automating manual processes for leases, loans, lines of
credit and credit cards.

 

 

Our position as a leader in providing the most efficient commercial finance automation technology
in the banking industry is reinforced by this alliance with Bank of the West, said Carole McCluskey,
CapitalStreams Vice President of ClientServices. Through a competitive selection process, CapitalStream
was awarded the business due to our extensible platform that connects disparate systems and allows for quick
and easy branch automation.

 

 

Bank of the West in December announced the acquisition of United California Bank, which has
115 branches in California. CapitalStreams solution will facilitate ease of integration for the new branches.

 

 

About Bank of the West

 

Founded in 1874, Bank of the West, with $13.4 billion in assets and 193 branches at the end of 2001,
serves the personal and business banking needs of customers in northern California, Oregon, New Mexico,
Nevada, Washington and Idaho.

 

 

About CapitalStream

 

Seattle-based CapitalStream automates and streamlines commercial finance processes for banks,
finance companies, and manufacturers.  CapitalStream  FinanceCenterÔ, a patent pending technology,
reduces processing time, lowers costs, and enables companies to cost effectively take advantage of new
business opportunities by automating manual processes for leases, loans, lines of credit, and credit cards.
CapitalStream, an established industry leader for more than six years with deep knowledge about the
inner workings of the financing world, has helped hundreds of financial organizations increase their
competitiveness, customer service and profitability.

 

 #### ################################## ###################\\

 

Leasing Group Inc. Forms Mexican Subsidiary To satisfy International Demand

 

(

Leasing Group was launched in 1988 to provide leasing services to Dell Computer Corporation. During our nine-year relationship with Dell, we grew dynamically both in the number and types of transactions we completed and the funding-source operating models we used.


Faxable lease document
Non-recourse, small-ticket leasing program
Power Payment PlanTM, a consumer lease
program
Leases without use of a delivery and acceptance
document
EDI standards for lease transactions

In 1997, after transitioning the Dell account into newly formed Dell Financial Services, LP, we began offering our finely honed processes to other clientele. Now we deliver diverse lease/financing service programs to a wide variety of equipment vendors, financial institutions, captive finance companies and lessors.

 http://www.leasinggroup.com

 

               AUSTIN, Texas--Leasing Group Inc.

("LGI"), the industry's leading provider of innovative vendor-based

financial solutions and outsourced transaction management services

announced today that it has established a subsidiary, LGI de Mexico,

S. de R.L. de C.V., to provide financing solutions to equipment

vendors doing business in Mexico.

 

               Today's announcement represents an international expansion of

LGI's multi-tiered, multiple funding source business model. This

model, coupled with LGI's advanced Web-based technologies and proven

business process outsourcing capabilities, provides equipment vendors

with a competitive advantage in the Mexican marketplace. Companies can

now offer their consumer and business customers a host of world-class

financial solutions from a variety of international and local

financial institutions. LGI's model also benefits the funding source

community by offering higher volumes, lower origination costs and

enhanced account management services.

 

               "The Mexican marketplace represents a natural opportunity for U.S.

companies to extend their business beyond our borders," said Clark

Covert, LGI's Chairman and CEO. "However, the logistical requirements,

systems connectivity and managerial issues associated with offering

multiple financial products in an international environment hamper a

company's expansion into Mexico. Today's announcement, along with the

funding source relationships we have already established in Mexico,

addresses many of these issues, allowing companies to offer specific

financing solutions to meet the needs of the Mexican marketplace in a

cost-efficient and effective manner."

 

               Commenting on the challenges many U.S. companies face when

expanding into Mexico, Bud Welborn, LGI's Vice President of Latin

America Operations, offered insight into the value LGI's business

model provides. "Mexico follows unique business practices in relation

to other countries. To be successful, companies must be able to do

business seamlessly in both Spanish and in English. We've built our

bilingual processing systems to complete financial transactions in

either US dollars or Mexican pesos. This dual currency capability,

combined with the electronic efficiencies of our bilingual Web-based

platform generates faster turnaround on funding decisions, higher

close rates, and increased satisfaction from customers who are looking

to finance their equipment purchases."

 

               In conjunction with the formation of its new subsidiary, LGI has

established an office in Mexico City to support local equipment

vendors. Luis Guillermo Soto will be located in Mexico City and is

available for programs throughout the entire country. Having served as

the Latin America Director of 3COM Capital de Mexico and Mexico

Regional Director of ARI Fleet Services, Mr. Soto has extensive

experience in providing financial solutions to companies operating in

Mexico.

 

    About LGI

 

               Leasing Group Inc. (LGI), www.leasinggroup.com is the industry's

leading provider of innovative vendor-based financing solutions and

outsourced transaction management services. Serving both the equipment

vendor and the funding source community, LGI provides a faster, more

efficient way for equipment vendors to offer world-class financial

solutions to their clients. Through a variety of national account

programs and Internet based solutions, LGI provides the funding source

community with aggregated volumes, lower origination costs, and lower

marketing and account management costs.

 

               Based in Austin, Texas and founded in 1988, LGI has a

fourteen-year history of vendor-driven industry leadership. The firm

pioneered many of today's common industry practices including

authorized transactions via faxed signatures, electronic transfer of

funds using EDI standards, non-recourse, small ticket leasing

programs; and leases that do not require the use of delivery and

acceptance documents. Currently backed by Conning Capital Partners and

Stephens Inc., LGI has funded over $1 Billion in financial

transactions since its inception and its innovative and technological

leadership continues today with the expansion of its Web Financial

Portal(tm).

 

 For more information about LGI, visit www.leasinggroup.com

or call 800/608-5201.

 

CONTACT: 

 

Leasing Group Inc., Austin

 

Bud Welborn, 512/344-1231

 

bud-welborn@leasinggroup.com

#### ##########################################

 

  Classified Up-Date

 

Due to the hacker attack, we are bringing this today in the daily news.

 

 These are job postings by individuals.  No requirement, except maximum 25 words.






Asset Management: Silicon Valley, CA
Experienced Asset Manager with SMT/PCB equipment focus. Managed/sold large ticket mid-term and EOL transactions with global contract manufacturer and OEM accounts. Email:boklund9@earthlink.net

Credit: Mill Valley, CA
Senior corporate officer with financial services credit background. M and A, fund raising and workout expertise. Email:nywb@aol.com

Credit: Hayward, CA.
Versatile/ creative senior financial executive w/extensive experience in varied areas of the commercial lending environment. Strong written/ oral skills with a results-oriented team-player attitude. Email: daveschultz9@aol.com

Finance: Atlanta, GA
Twenty five plus years experience in middle market lease/ asset based/cash flow transactions. Heavy banking and credit background, with particular expertise in structure and negotiation. Email:brown235@bellsouth.net

Funding: Northern, NJ
Coordinate all aspects of financing for leased equipment, prepare necessary documentation for discounting with banks.Handle renewals of and amendments to lease schedules. Email:istaub@unicapitalcorp.com

Legal: Chatsworth, CA
Managing attorney for general corporate and financial services law including: leasing, acquisitions, service agreements, commercial loans, securitizations, workouts and litigation. Email:SandiDQ@msn.com

Sales: Louisville, KY
I have been in leasing/financing of construction, machine tool, and mfg equipment for 20+ years. Traveled KY, IN, OH and TN.
Email:kyle90@msn.com

Sales: Silicon Valley, CA
VP level Business Development and Sales Manager, well connected in Silicon Valley. Experienced in major vendor programs on a global basis.Email: Tadadzn@ix.netcom.com

Sales: Mission Viejo, CA
Account Sales Executive with 10 years of leasing experience looking for company to bring existing customer base.
Email:makelly21@hotmail.com

Sales Manager: Atlanta, GA
15 years experience in Small Ticket Vendor Leasing. Managed sales team for eight years in Copiers, Telecom, IT, Construction, Auto Aftermarket, etc. Email:jim_acee@hotmail.com

Sales Manager: Hartford, CT
Director of Equipment Lease Division with credit/collateral evaluation, marketing & operations experience. Simultaneously coordinated efforts to develop new vendor business. Email:pkumiega@peoplepc.com

Senior Management: Hicksville, NY
Senior equipment leasing and banking executive with credit, collections, marketing and operations experience. Background includes development of new business,risk management and budgeting. Email:FrdA4@aol.com


 

                                    21 in Help Wanted

             ( requirement: must be a member of a professional leasing association )

http://65.209.205.32/LeasingNews/JobPostingsWanted.htm

 

                                 9 in Outsourcing

               ( only requirement is maximum 25 words )

http://65.209.205.32/LeasingNews/JobPostingsOutsourcing.htm

 

                                 2 attorneys

           ( requirement: must be a member of a professional leasing association )

http://65.209.205.32/LeasingNews/JobPostingsAttorney.htm

 

                                   3 recruiters

 ( requirement: must be a member of a professional leasing association )

http://65.209.205.32/LeasingNews/Recruiters.htm

 

                     Other sites to post a job wanted

http://65.209.205.32/LeasingNews/Classified.htm

 

  Tips on Finding Work

 

 

 

 

 

 

Note: Ripoff.Report.com  www.badbusinessbureau.com on Leasecomm ( owned

 by Microfinancial:

http://www.ripoffreport.com/reports/ripoff5652.htm

 

 Overcharged by Leasecomm:

http://www.bizweb2000.com/wwwboard/messages/18474.html

 

Leasecon

http://leaseconn.com/

 

Complaint Station for Leasecomm:

http://www.thecomplaintstation.com/l/leasecomm_toc.htm

 

Don’t Sign that Leasecomm Contract
http://www.bizweb2000.com/wwwboard/messages/27444.html

\

Consumer Affairs On Line:

http://www.consumeraffairs.com/business/leasecomm.html

 

Complaint of the Day

http://www.complaints.com/complaintofthedayfebruary92001.4.htm

 

all about this company, w