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Headlines---- UAEL Membership Directory Economics---Bob Rodi in Pittsburgh Classified Ad----Up-Date New Tech Leasing Book Available Thomas Butler Joins PayNet as CEO # Denotes press release UAEL Membership Directory Kit Our members of the United Association of Equipment Leasing have written to you that they wanted a printed Membership Directory again. You sent me an e-mail about it, as I remember. Well, we heard the same thing here, so with Joe Woodley, CLP, on board, we have the latest directory at the printer as I write this to you. We asked members to up-date their listings on line or to let us know directly so it could be as current as possible. We will be making some more changes to our website with the purpose of keeping the membership information as current as possible. Look for other changes on our website, too. Bob Fisher,
CLP B.Fisher@fisher-anderson.com President
UAEL Fisher-Anderson, L.C. (Actually the
e-mail was from Charlie
Meaker, Lease Financing/ http://www.leasingnews.org/archives/November%202001/11-23-01.htm You certainly will make him happy, plus other
UAEL members. Also let us know when the registration forms are up for
the February 22nd Funding retreat at Costa Mesa. You should get a large turn out here. Editor)
I attended and Economic club luncheon in Pittsburgh a couple of days ago. The keynote speakers we the chief economists of PNC Corp. and Mellon Financial. They were both on the mid-year recovery bandwagon although they disagreed on whether or not the Fed would ease one more time at the 1/22 FOMC meeting.
They are forecasting negative GDP growth in Q1 with GDP growing at a pretty strong 3.5-4% by Q4 for an overall 1.9% increase for the year.
This seems to be the consensus and I think it bodes well for the leasing industry this year, especially small ticket. The banks are drowning in liquidity with the tightest regulatory pressure they've seen in 10 years. Small business owners literally cannot obtain credit from their community banks in this environment which usually means a strong year for small ticket leasing. Add to that the fact that your list grew considerably last year leaving big holes in the vendor marketplace. The environment might be enticing enough to bring some investors back into the leasing industry.
Bob Rodi President LeaseNOW, Inc. Classified Ad----Up-Date Eight “Job Wanted” Ads
This section does find people jobs. It is the most active section of the classified, changing the most often. The largest section is the Industry Help Wanted http://65.209.205.32/LeasingNews/JobPostingsWanted.htm 1 Administrative Assistant, 1 Collector, 3 Contract Administrator, 2 Marketing, 1 office manager/admnin, 2 Operations, 27 salesmen, 1 Senior Management, 1 Syndicator Jobs have been fulfilled as readers not only tell us, they tell us to take out their ad. The only requirement is the advertiser belong to a leasing association. Six Outsourcing Ads http://65.209.205.32/LeasingNews/JobPostingsOutsourcing.htm 2 Asset Management, 1 Collector, 1 Consultant, 1 Sales Trainer, 1 software service provider No attorneys!!!. The original purpose of this section was not “advertising,” but for readers who are looking for an attorney in their area, or for an attorney specializing in the leasing industry. Leasing News gets requests from lessees, vendors, and others who have need for such services. They get on the web and use their browser for “help” with a specific need. The browsers work simply: the more popular the site, the higher it goes on the list. Since we are the only Leasing entity that seeks “alerts” and “bulletin board” complaints or reports about the problems in the industry, we get a lot of “hits.” This brings us higher on the list of people searching for help. Many of these are civil disputes, in our opinion, or should be for the attorney general, department of justice, or local law enforcement. Often they are “too small”, we are informed, for such legal action. They need a leasing attorney. Thus we have this site. It is not only from someone on one coast looking for an attorney on the other coast, but for small lessors, or sellers of equipment, or lessees themselves who do not know where to turn. Perhaps we don’t have many leasing attorney readers, or perhaps they do not like to “advertise,” or maybe every law office is so business, they have not need for new clients. If you know an attorney who specializes in leasing, please ask them to post. Our only requirement is that they belong to a leasing association. That way we know that is their specialty, and number two, they abide by the associations code of ethics and standards. http://65.209.205.32/LeasingNews/PostingFormAttorney.htm Our last section is Recruiters in the Leasing Industry. http://65.209.205.32/LeasingNews/Recruiters.htm We do not permit recruiters to place ads, and we know they contact both the “job wanted” and “help wanted” as readers tell us about it. We do list recruiters, as often they have contacts, knowledge, and are of great benefit, especially to “high ranking” opportunities. At this date, we have only one list: Fred St Laurent
Fred St. Laurent is also active in marketing for customers. For instance, he sent this out the first of the year: I am trying to become a more effective resource for you in the coming months of 2002. First some facts about the emails you receive from me: 1) I am a recruiter that focuses strictly on the equipment leasing industry. Please see my profile at http://www.leasing-jobs.com/freds.html 2) There are about 9500 people that receive these emails when I send them out from time to time. 3) Because of the above I may not always be able to respond in a timely fashion or at all to your email reply to me but I do try my best to get back to everyone, and I appreciate everyone’s participation. 4) I am attempting to focus my future emails by sending you this survey, by updating your file, and subsequently attempt to refine what types of emails you receive from now on. 5) If you have asked to be removed from my list in the past, and I have not removed you yet, or you just haven’t asked but wish to be removed from the list, please hit reply to this email and type remove in the subject line and I promise to remove your email address now. There is a tracking number at the bottom that allows me to be sure to remove you and I need that to do so, so it is important to include the message when you reply to me. I really only want people who see a value to what I am doing with this service to be on the list. (Of course if you are just curious and wish to remain please feel free to observe with out participating) 6) The reason that you get an email from me every once in awhile that doesn’t make sense, because we have been in contact about something recently, is because I have sent this same email you received to almost 10,000 people asking for help, and it was written in a personal way. Just look at the bottom for the disclaimer and you will know that it is just one of those occasional requests that I am describing here. I would hope to make my emails more effective this year, by updating my files. The questions below will help me to serve you by either being more selective in the type of email I send to you, or targeting different types of information for you about the industry. Please take just a few moments to respond to this email and it will allow me to be a better resource for you in the coming months of 2002. 1) If you would like to update your file with me, send me a brief paragraph about what you have been doing lately with regards to equipment leasing. Please send whatever information you are comfortable sending that you feel will help me to serve you. Any information you send will be treated with the utmost confidentiality. 2) If you would like to receive emails from me regarding a specific niche in the equipment leasing industry, please let me know and I will send only that type of information, i.e. big ticket sales jobs/ sales people; or only credit and operations; or maybe "general send it all Fred" please let me know it will help me to serve you. 3) What else would you like to hear about from me? 4)
5) What kind of information would you like me to find out for you, about what is happening in the industry? If you hear a rumor, I can find out what the story is. Confirm what you’ve heard through me. Please feel free to contact me directly. Thanks for your help in this. I am trying to develop my relationship with you as well as provide a real time resource to leasing professionals in a confidential and effective manner. Please help me to be a resource for you this year and in years to come. I believe that we, in the leasing industry, need to help each other today more than ever. Please fell free to recommend me to your friends in equipment leasing. Fred St Laurent Senior National Recruiter ELA, UAEL and NAELB Member Management Recruiters of Melbourne, Inc 321-951-7644 ext 3123 ### ################################# ##################### New Tech Leasing Book Available
CHICAGO--The Leasing Power Tools Press (www.leasingpress.com) announced today the availability of their long-awaited book on Technology Leasing for users of technology equipment: Technology Leasing: Power Tools for Lessees. "This book has been
years in the making, and Barry and I finally chained ourselves to
our computers long enough to complete it," said James M. Johnson,
Ph.D., co-author of the book along with Barry S. Marks, Esq. This new book is a one of a kind resource that
walks technology users through the sometimes bewildering and arcane
world of contractual and financial issues that can make or break
a technology lease. This 15-chapter work is tailored to the needs
of non-legal and non-financial professionals. It is written in an
informal style to appeal to the needs of users who need to understand
the complexities of technology leasing well enough to preserve flexibility
and minimize their exposure in such a financing. The
book offers detailed examples and insights into the financial comparison
of lease proposals, comparing leasing to purchasing, and detailed
discussions of many common lease provisions. The book's centerpiece,
however, is a fascinating 60-page chapter devoted to a "standard"
technology lease contract. After presenting these typical terms, the authors
provide the reader with provision-by-provision "coaching"
for the equipment user as to what provisions should be changed and
how and why. The icing on the cake is the authors' commentary as
to the lessor's likely comeback, and how compromise might be achieved.
James
M. Johnson, Ph.D. (phdleasing@hotmail.com)
and Barry S. Marks, Esq. (bsm@blik.com)
each have more than 20 years of experience in the leasing industry,
advising clients on both sides (lessor and lessee alike) of the
table, being engaged as expert witnesses, drafting contracts, consulting,
writing extensively on the subject and giving talks and seminars.
For more information on this latest edition to their family of leasing
books, their website at www.leasingpress.com contains ordering
information, over 40 useful leasing website hyperlinks, and a dozen
of their articles on various leasing subjects. ( courtesy ELAonline.com ) ### ###################################### ################## Thomas Butler, Former President and COO of Discover Credit
Card, Joins PAYNET as CEO
Skokie, IL PAYNET,
Inc. announces that Thomas R. "We
are thrilled to have Tom's services as a full-time member of our "PAYNET
offers a terrific opportunity to share my management experience Butler
helped establish the Discover Card in 1985, where he served as For
more information about PAYNET, contact Bill Phelan at 877-719-6757 About
PAYNET
(Courtesy
of ELAonline.com) ###
######################################## ################ Don’t
Forget---Mike Meacher, Live---Thursday, 1pm, Meet the Leasing News Maker The
popular president of the National Association of Equipment Leasing Brokers
will be available for all questions and inquiries. No holds barred. www.leasingnews.org/newsmaker.htm www.leasingnews.org |