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June 5 , 2001 Headlines---
MidAmerica Hits 140 members Count is Corrected for Eastern Association of Equipment Leasing SDI Capital Employee Lament Positions Open Santa Clara Valley Unemployment 2.2%/Traffic is still murder Peoplestreet Teams Up with Bank of America eBusiness Conference and Expo Announces Impressive Speaker Lineup for 2001 Textron Financial Expands Presence in Small Business Market with Acquisition of Assets of STI Credit Corporation --------------------------------------------------------------------------------------------- MidAmerica Association of Equipment Lessors Membership Up 4% 140 Members for 2001 Alison J. Huhn Executive Assistant Facility Capital 333 West Wacker Drive Suite 1750 Chicago, IL 60606 ajhuhn@facilitycapital.com www.facilitycapital.com 312.541.6000 phone 312.541.1275 fax 135 members at the end of the year. *http://www.leasingnews.org/links_section.htm The smallest and youngest leasing association, Mid-America Association of Equipment Lessors has the less expensive dues. Mid-America primarily consists of lessors, those who carry their own leases, their website states. It is more a "club," similar to how the well-established non-profit associations started Their website states the organization consists of members of the industry from the upper Mid-Western states, including Illinois, Ohio, Iowa, Wisconsin, Michigan, Indiana, Kentucky, Missouri, Minnesota, Tennessee, North Dakota, South Dakota, Nebraska and Kansas. Eastern Association of Equipment Leasing Count Correction It appears the original membership number used last year was incorrect. It should have been 240. Executive Director Alison Pryor was not aware what we had posted or used in prior stories. The membership change would then be only 11% as today’s count is 213. She stated the board really did not appear to want to get larger than 300 as the association was local, not national, although they have many members who belong to two or three other leasing associations. She also said while they lost Unicapital as a member, there were three new members from the organization, plus there were others who were not as active who appear to becoming more active, some old names back, she said, and appeared glad to have them back. The invitation to me for the September 24 at the Sheraton Meadowlands in East Rutherford, NJ, is still open. It is their big event, and perhaps I will take her up and try to attend myself. Maybe I could get some of the Leasing News advisory board together and we could have another dinner again. Is there a Emeril’s Restaurant in New Jersey? The third annual crab feast at Gunnings Restaurant in Hanover, MD on June 7 ( Friday ). I wish I had the money and time to attend. My mother’s side of the family is from Baltimore, and there also are some H.L.Mencken ties there too. I sat on his lap, they said, which I don’t remember, but I do remember the crabfests and clamfests. I have a cousin who is a oyster fisherman, owns a farm on the water. Pop an oyster or crab on the open fire at the beach. Some great Chardonnay. I love fresh Maryland soft-shell crab. My favorite. I would go just for the food, and the networking would be a bonus. Just because I live in California doesn’t mean I don’t have ties on the East Coast. I was born in Manhattan, raised in the Queens and Westchester County ( Port Chester and Larchmont ). Crab fest sounds great to me. If you haven’t signed up, call Alison Pryor at 914 381 5830 or email her at amfnyc@eael.org. --------------------------------------------------------------------------------------------- Bay View Capital As reported last week, Bay View Commercial Leasing is no longer originating deals. It is requested we notify readers who wish customer service, please call: 800-266-3255 -------------------------------------------------------------------------------------------- SDI Capital Not Paying Employees Just came on your mailing list after losing my job at SDI Capital on the day my salary check was due. According to the HR person at SDI, she told me on Wed. May30th, that my check was being Fed Ex'ed to me so that I would receive it on Thursday. Needless to say, my salary check, my expense check and commission due me never showed up. According to Stanley Daniels, V.P. of SDI Capital. The merger with Total Funding.com was imminent. At that time the new company would be responsible for paying my salary. A call to Alan Collier, President of Total Funding.com, resulted in a completely different story than I received from Mr. Daniels. Mr. Collier said that when and if the merger takes place, he will NOT be responsible for any unpaid salaries. I know that putting my name at the end of this e-mail may jeopardize any chances of me ever getting paid, but I am looking for a sales position. I work out of my home in Paradise Valley, AZ., have been in the business for 3 years, and have my own vendor base. Thank you for the time and space to hear me out. Gene DeMarco 5525 E. Lincoln Dr. Suite 101 Paradise Valley, AZ 85253 Phone: 480-998-2785 Fax: 480-483-8801 Cell: 602-390-4447 geneatsdi@home.com ( Congratulations. You have courage. While we have not completed the classified section, we did state we would publish employers looking for leasing personnel, such as from SDI Capital, Bancorp, among many others. We have many readers with home e-mail addresses, who we may be able to help. Thus we are printing again other employers who are seeking people. You can also go to our archive section. We have also confirmed Mr. DeMarco’s e-mail and it is basically correct. Alan Collier will not comment for the record, but it appears TotalFunding interest is primarily with the assets, meaning portfolio and perhaps furniture, computers, and other assets, and is not interested in the company itself with its liabilities. He says they have no intention or inclination to pay past salary or monies owed and has signed an agreement not to discuss the negotiations. editor ----------------------------------------------------------------------- ex-SDI Capital Employees Wanted AmeriLease Corp. in Newport Beach,CA has positions available for both Administrative and Sales positions. Any former SDI employees are encouraged to apply.
Thanks,
Tim Jewell Tjewell@amerilease.com (800) 619-4532 x-420 = = Taycor Financial (Formerly Media Capital of California) is always interested in recruiting proven sales people for their Los Angeles and East Coast (Massachusetts) offices. The compensation package is very competitive! Please visit our web site and apply discreetly on-line or call Andrea Pesta at the number below. Taycor Financial 6167 Bristol Parkway, Suite 320 Culver City, CA 90230 www.taycor.com (310) 568-9900, Ext. 15, Fax (310) 568-9922 = = PowerNet Financial Group always has opportunities available for experienced lease salespeople nationally.We offer an experienced professional support staff and lots of funding options. Please visit our website for more info or send me an email and I'll email you a Word document outlining our program. John Craine, VP Sales PowerNet Financial Group Inc. Your Professional Equipment Leasing Network http://www.thePowerNet.com (800)348-2288 Fax (781) 461-9449 - - - American Financial Network, Inc. is a 13 year old company located in Cleveland, Ohio and specializing in small ticket, lower middle market (i.e. $100K - $500K) and municipal leasing transactions. AFN is a member of NAELB and MAEL. We are actively looking for two more leasing sales reps. Please feel free to contact Spencer Richman, CLP, President, at 216-360-9020 x221. - Spencer Richman, CLP, President American Financial Network, Inc. - member NAELB, MAEL 4635 Richmond Road, Suite 106 Cleveland, Ohio 44128 Phone 216-360-9020 x221 Fax 216-360-9252 We are an equipment finance company which specializes in the medical industry. We are always interested in talking to medical sales people about employment opportunities with our company. We have the infrastructure in place to provide a high level of service. Please contact me at 800-233-1574 or via e-mail. Stephen P. Sambor Vice President of Credit and Funding Americorp Financial, Inc. 877 S. Adams Birmingham, MI 48009 from yesterday Innovative Lease Services currently has positions available in our Carlsbad, CA office. We have an immediate need for Vendor Service Sales Representatives. Interested parties may view a job description on our website at www.ilslease.com or may contact Neil Clark, HR Manager at (800)438-1470 Ext. 209. With the recent demise / changes in many Southern California Lessors and Brokers we invite any inquiries from sales orientated personnel. Andrew S. Nere ils@ilslease.com Innovative Lease Services, Inc. (800)438-1470 Ext. 204 - - - We would also be very interested in employing sales reps that are looking for work. I believe we have a good thing going and would like to expand our presence. Andrew Thorn athorn@nowlease.com Thalman Financial, Inc. Apple Valley, Ca. 800-707-1864 - - Name: John Power Address = 7545 Irvine Center Dr. City = Irvine State = CA Zipcode = 92618 Phone = 9494537517 Fax = 9494283117 Email = jpower@msmcapital.com Source = Add me to the mailing list = yes Comments = I would like to offer former SDI Capital employees, employment.
= = = Any sales people in the Metro-Portland area who are looking for a placement should contact Paul Bob or John Taylor at Ablenet. We have 3 private offices waiting for Mr. or Ms. Right.
Our business as seen continued growth and we would like a few (more) good men to join the team.
Paul: paul@able-net.com Ext. 21 John: taylor@able-net.com Ext. 13 Paul D. Bob, CLP Chief Executive Officer 5050 SW Griffith Dr., Ste 101 Beaverton, OR 97005-2932 www.able-net.com 800-255-7430 ext. 21 Fax: (253) 660-8796 Unemployment in Silicon Valley is still 2.2%...You can’t find a parking space in the large shopping malls, traffic is murder, people still bid on houses, often higher than the asking price, and try to get a plumber or electrician to your house here. Mike Cassidy: Bubble of dreams still floats high for some valley newcomers BY MIKE CASSIDY San Jose Mercury News Sometimes it's good to look at an old place with new eyes. Like the four sets around a table at Ubicom, a Mountain View Internet processor company. Sure, Silicon Valley's bubble A) has burst; B) has lost some air; or C) is just resting, depending on the analyst. And for anyone who's been around the past five (or 35 in Internet time) years, the bounce is out of the valley's step. Traffic is still bad. People are still self-absorbed, and our glory years seem behind us. But that's not the way software engineers Meliksah Ertugrul, Volkan Civelek, Semsa Kantaroglu and Gunay Ozkan see it. They all recently left everything familiar to travel to new jobs, a new place and a dream. ``We want to succeed at some things,'' says Civelek, 23, who, like his three co-workers, moved from Turkey. ``I want to succeed at a really big thing.'' The big thing. Boom or bust, it's brought people to Silicon Valley. The valley remains a place of fantastic potential, and dreamers know that. They've come from throughout the United States. They've come from Mexico, Vietnam, China and India, and more recently they've come from Turkey. Together they've created a valley bubbling with diversity. Turkey has been a good place to leave lately. Its economy is in a shambles. But the engineers talk about the pull. Kantaroglu, 22, sought tech challenges. ``I knew I would find them in Silicon Valley,'' she says. There are other challenges, too. Ertugrul left a wife and baby daughter in Turkey. They'll join him in July. ``Each day, we can communicate by the Internet.'' The immigrants, working on H-1B visas, may face resentment as the economy sours. Complaints about outsiders taking jobs will increase. The newcomers say they've heard no such talk. Instead, they're energized by our differences. ``I don't think anywhere in the world, we could have such an opportunity to meet so many different people from so many different countries,'' Ozkan says. Silicon Valley is a wonderful place, they say, and some of us who've been around ought to listen. The valley is not congested. (Hey, they're from Istanbul, pop.: 10 million.) Drivers are courteous. (I'm not making this up.) Which at least says some places are worse off than we are. But more than that, it says something about the promise of opportunity that Silicon Valley offers in good times and in bad. --------------------------------------------------------------------------------------------- #### ############## ################ ################ eBusiness Conference and Expo Announces Impressive Speaker Lineup for 2001
Industry Experts to Present Content-Rich Insights on Customer Care, Infrastructure, Execution, and B2B Business Models NEW YORK, -- More than 70 expert speakers will share their industry knowledge and proven practices at this year's eBusiness Conference and Expo (http://www.ebusinessexpo.com). Taking place June 12 - 14, 2001 at the San Jose Convention Center, the event focuses on the Realist's Guide to Integration & Innovation. This year's eBusiness Conference and Expo is about realistic solutions that can be applied right now, whether to a bricks-and-mortar enterprise or a next-generation dot-com. It's about the hard work of E-Business integration and implementation, and the work of driving customer retention rates up and costs down. This year's speakers will show how to achieve success from business models to customer partnerships, technical infrastructures to finance. Top executives from Amazon, Hummer Winblad Venture Partners, MP3, Omnisky, Personalization.com along with leading academics from MIT and New York University will discuss the many facets of E-Business, including B2B, supply chains, application integration, and outsourcing/e-services offerings. Keynote speakers include Irving Wladawsky-Berger, Vice President Technology and Strategy at IBM Server Group, Louis Burns, Vice President and former CIO of Intel Corporation, and Timothy Chou, President and CEO of Oracle.com. "Today's economy requires companies to be one step ahead of the game at all times, and the only way to do that is to be exposed to the real innovations continually developing in this fast-paced industry," said Paul O'Reilly, general manager of the eBusiness Conference and Expo. "The eBusiness Conference and Expo is the ideal place to do exactly that -- we've created an extremely varied and stimulating program consisting of compelling content that will guarantee success for our attendees." Featured speakers at the eBusiness Conference and Expo include: * Martin Bean, Chief IT Strategist, Thomson Learning * Abhay Bhushan, Chairman & CEO, MobileWebSurf * Erik Brynjolfsson, Co-Director, Center for eBusiness at MIT * Amar Dhaliwal, Co-Founder & VP, Engineering, THINQ Learning Solutions * Scott Dinsdale, EVP, Digital Strategy, Motion Picture Association of America * Maureen Dorney, Partner, GrayCary * E. Frenkel, Adjunct Professor, New York University * Krishna Gopinathan, CEO, Burning Glass * Lisa Harris, Senior VP & CIO, Staff Leasing Inc. * Doug Haslam, VP, HR Omnisky * Marc Knobel, CEO, Thinking Craft * Ray Lane, General Partner, Kleiner Perkins Caufield & Beyers * Steve Larsen, President, Personalization.com * Ned Liddell, Director of Business Applications, Monster.com * Daniel Lynch, VP, Chief Officer, Global Business Development, Organic, Inc. * Richard Medina, Principal Analyst, Doculabs * Chris Montgomery, VP Subscription Services, MP3.com * Steve Mott, CEO, BetterBuyDesign.com * J. Gerry Purdy, Ph.D., President & CEO, Mobile Insights * Eric Rabinowitz, President, HIS Helpdesk * Linda Rosetti, Founder & CEO, eMaven * J.P. Singh, CTO, firstRain Inc. * Josh Stein, Co-Founder & VP of Business Development, ViaFone * Pat Stewart, President & CEO, MetalSite * Greg Waldorf, General Partner, Charles River Venrures * David Weilmuenster, Director Wireless Industry Marketing, Handspring * Karen White, Principal, Pequot Capital * Jeff Wilke, Senior VP, Operations, Amazon * Ann Winblad, Principal, Hummer Winblad Venture Partners * Jim Taylor, Consultant & Author Complementing the conference program will be an interactive exhibit floor with the latest tools, technologies and expertise from leading E-business solution providers. New products and services on display include wireless applications, CRM, storage, site scalability, XML, Linux and P2P. For a complete list of speakers and conference sessions as well as to register online, visit the conference Web site: http://www.ebusinessexpo.com/june2001/main.html or call 800-652-2578, ext. 2. About CMP Media LLC The eBusiness Conference and Expo is part of CMP Media LLC (http://www.cmpnet.com) a leading high-tech media company providing essential information and marketing services to the entire technology spectrum -- the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, research, direct marketing services, education and training, trade shows and conferences, custom publishing, testing and consulting. Contact: Annie Scully, 201-236-1790, annie@praxismktg.com, for eBusiness Conference and Expo ##### ################## ##################### Textron Financial Expands Presence in Small Business Market with Acquisition of Assets of STI Credit Corporation
PROVIDENCE, R.I.----As part of Textron Financial Corporation's (Textron Financial) strategy to expand its market depth and breadth, the company today announced it has acquired certain assets of STI Credit Corporation (SunTrust Credit), a national provider of commercial finance services to the small business market. This new unit will be combined with Textron Financial's existing small business group to serve the 14 million small businesses in the U.S. Based in Little Rock, Arkansas, and a subsidiary of SunTrust Banks, Inc. of Atlanta, SunTrust Credit has approximately $400 million in receivables that are being sold to Textron Financial. The acquisition includes SunTrust Credit's 110 employees. Terms of the transaction were not disclosed. "This strategic acquisition gives us an excellent opportunity to diversify and leverage our existing small business group products using SunTrust Credit's proven origination and service platform," remarked Stephen A. Giliotti, chairman, president and CEO of Textron Financial. "This will allow us to expand our market reach, gain new customers more cost effectively, and achieve 10 to 15 percent growth per year in this business," he continued. Scott Hastings, president and chief operating officer of SunTrust Credit, stated, "Textron Financial is recognized for its expertise and understanding of the small business market and its complete financial services product offerings. These products, along with the national marketing strategy of Textron Financial, are a perfect fit for our unique platform." Jenner Wood, president of SunTrust Bank of Atlanta, remarked, "The sale of these SunTrust Credit assets is consistent with our strategy of concentrating on commercial finance growth opportunities within our existing geographic footprint, which includes very attractive markets in the Southeast and Mid Atlantic states." About Textron Financial Textron Financial is a diversified commercial finance company with $8.2 billion in managed receivables and twenty-two years of record earnings. Its market-aligned businesses provide lending and leasing to small and middle market companies, and financial services that include asset management, syndications, portfolio servicing, and insurance brokerage. Textron Financial also provides specialty finance for the golf and timeshare industries. Additional information about the company is available at www.tfc.textron.com. Textron Financial is a subsidiary of Textron Inc. (NYSE: TXT), a $13 billion global, multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial Products, Fastening Systems and Finance. Textron has a workforce of over 70,000 employees and major manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies" and Industry Week magazine's "Best Managed Companies." Additional information is available at www.textron.com. About SunTrust Banks, Inc. SunTrust Bank Inc. is the nation's ninth-largest commercial banking organization. The Company operates through an extensive distribution network in Alabama, Florida, Georgia, Maryland, Tennessee, Virginia, and the District of Columbia, and also serves customers in selected markets nationally. Its primary businesses include traditional deposit and credit services as well as trust and investment services. Through various subsidiaries, the Company provides credit cards, mortgage banking, insurance, brokerage, and capital market services. Forward-looking Information: Certain statements in this release and other oral statements made in relation to this release, are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ from those contained in the statements, including those risks and uncertainties set forth in Textron Financial's periodic filings with the Securities and Exchange Commission. CONTACT: Media Contacts: At Textron Financial Corporation: John Carey Sr. Vice President - Corporate Strategy & Marketing (401) 752-4843 carey@tfc.textron.com or At SunTrust Banks, Inc.: Barry Koling Corporate Communications (404) 230-5268 barry.koling@suntrust.com or At STI Credit Corporation: Doug Bland Senior Vice President -- Marketing (501) 379-1354 # ### ################### ################## Peoplestreet To Provide Bank of America Customers a New and Easier Way To Update Personal Contact Information CAMBRIDGE, Mass.----Peoplestreet(TM), a provider of Personalized Relationship Marketing (PeRM) solutions, announced today that it has signed a strategic partnership agreement with Bank of America, one of the world's leading financial services companies. The agreement calls for Peoplestreet to provide access to a co-branded Web site where Bank of America customers can update their contact information when they move or change jobs -- allowing them to exchange their most up-to-date contact information to others. As part of the agreement, Bank of America also will be offering Peoplestreet LiveCards(TM) to its more than 140,000 associates. The new service, which will be available later this year, will allow Bank of America customers to visit a single Web page to quickly update their personal contact information, such as addresses or telephone numbers. This information can then be transmitted to friends, families, or other businesses with whom the customer has a relationship. The updated information will integrate directly into personal information management programs and PDAs such as Microsoft Outlook, Lotus Notes, Palm Handheld devices and others. "As a customer-focused enterprise, Bank of America is always looking for ways to implement and deliver innovative technology solutions," said Jim Dixon, BankofAmerica.com executive. "The Peoplestreet solution is easy to use and provides significant value to our customers." In addition to the consumer-oriented service, Bank of America also will be offering Peoplestreet LiveCards to its associates. LiveCards can be used as a signature in e-mail, helping employees keep in touch with each other and providing brand awareness for the bank in every outbound communication. Eventually, Bank of America hopes to offer Peoplestreet's Business Services to its business partners, which include 80% of the world's Fortune 500 companies and approximately two million small businesses. "With its customers operating 32 million checking and savings accounts, the adoption of the Peoplestreet service by Bank of America is a critical step in making Peoplestreet a personalized relationship marketing standard for the enterprise," said Alper Caglayan, the CEO of Peoplestreet. About Bank of America One of the world's leading financial services companies, Bank of America is committed to making banking work for customers like it never has before. Through innovative technologies and the ingenuity of its people, Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through the nation's largest financial services network, including approximately 4,400 domestic offices and 13,000 ATMs, as well as 38 international offices, a telephone banking network that handles over a half billion calls a year and an Internet Web site that provides online access for over 3 million customers, more than any other bank. Bank of America stock (ticker: BAC) is listed on the New York, Pacific and London stock exchanges. About Peoplestreet Headquartered in Cambridge, MA, Peoplestreet is a leader in the development of innovative personalized relationship marketing (PeRM) web services making it easy for people to stay in touch and communicate with one another. The company offers a suite of outsourced business services to strengthen marketing communication, customer retention and loyalty as well as enhance online branding initiatives. For the individual, Peoplestreet provides a Personal LiveCard Service for keeping in touch with friends, family, and businesses. More information is available online at www.peoplestreet.com. ###############################################################
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