Headlines:

 

         Where is Ravee Shrinivas??????

              Hoppy’s Sidekick and Name of Horse

                  Totalfunding.com/SDI Capital ( Stan & Scott Daniels )

                     Positions Open

                      JENNIFERLOPEZ_NAKED.JPG.VBS

                        CapitalStream Names Tim Stevens New Vice President

                           DVI Closes $325 Million ABS

                             GE Has New Honeywell Merger Offer—Big Bucks to be Made

                              Adminstraff/Leasemarketing---Wells Fargo

                                   eOriginal  With IBM To Support Electronic Lease Transactions

 

 

 

 

       Where is Ravee Shrinivas??????

 

My name is Bruce Pajak, and I am the CFO for Total Media Group, Inc. in

South San Francisco. Recently, our company established a lease with

Terminal Marketing. As you are (I am sure) already aware of, Terminal

Marketing closed their doors and we were left with a bad lease. Without

going into all of the details, our attorneys in New York are working on

our case. We are trying to contact a gentleman by the name of Ravee

Shrinivas who used to work for Terminal Marketing in Brea, CA. I have

not had any luck trying to contact him, so I called Bob Homans of Norden

Capital in So. Cal to see if he has any info on Ravee's whereabouts. He

then gave me your email address, and said you have put out a couple of

articles on Terminal Marketing. He thought perhaps you might have some

idea of where we might be able to contact Rajee Shrinivas. Please let me

know one way or another if you have any leads as to where he might be.

Our attorneys want to talk with him to ask him a few questions. Any info

you can provide would be most helpful. Thank you very much for your

time.

 

Sincerely,

 

 

Bruce Pajak

CFO

Total Media Group, Inc.

bpajak@totalvideo.com

 

 

  SDI Capital –Totalfunding.com

 

The company they merged with (totalfunding.com)  recently approached us to be approved due to a merger with another one of our brokers (corona america

financial).  Apparently they purchased SDI Capital that is stiffing their employees.  This

Totalfunding.com was a ecommerce broker but apparently is no longer involved with the internet business. 

 

Name Withheld

 

This funder will not do internet business, so it may have been told the Totalfunding was no longer in eCommerce. There also may be confusion regarding the automated approval

process. Totalfunding.com no longer offers automatic lease approvals over the internet. Leases are approved by the funder.  Totalfunding.com is  both an online superbroker and direct broker online working primarily from salesmen, vendor accounts and end users.

They are also the only online leasing company that has a broker program, paying as

much as four points to be split between the broker and vendor.*

 

 According to Allan Collier, Totalfunding.com president, they are very much an internet generated operation and will continue to be so.  It also appears the merger company of Corona America Financial is doing the negotiations, under the title of the Totalfunding, the “surviving company in the merger.”  The president of Corona America Financial, a lease brokerage operation, we are told, also was employed at SDI Capital and responsible for brokerage business there. It may be this “new entity” that is actually negotiation with the Daniels.

 

Leasing News has reported earlier that Corona America Financial president, Jack

Winsten did work at SDI  Capital, before opening this company about a year ago. It was at this  time that SDI Capital announced that it was no longer accepting broker business. Alan Collier was a lease broker before he founded Total Funding in 1999.  The company

began actual operations in early 2000, hiring Dennis Doyon and Steve Warren, among

others. Andre Champagne then became sales manager, but he also is no longer with

the company.

 

Alan Collier will not confirm nor deny any of these comments, stating his is under

a privacy agreement with SDI Capital not to make any public comments.  An official

press release was to have been made over a week ago regarding the “merger” with

Corona America Financial ( a company of nine employess, joining TotalFunding 13

employees), but Mr. Collier states they are “too busy”  to issue one at this time. When

asked if he was going to include the purchase of SDI Capital in the press release, he

said, “ No comment.”

 

 Position Open---Classified

 

Steve Chriest is organizing our classified section, and we only printed this to help

out employees looking for position right now due to several companies closing.

These are being posted in Chronological order, meaning “ first come, first serve”

order.  editor.

 

 

SUBJECT: FORMER SDI SALES EXECUTIVES

 

Dimension Funding is currently looking for experienced leasing sales executives.  Please feel free to submit your resume to

either of the following:

 

Attn: Jim Cooper

 

E-mail: jimcooper@earthlink.net

Fax:     949-250-8042

Phone: 800-755-0585 ext: 230

Local: 949-250-0585 ext: 230

 

Commercial finance automation leader promotes 17-year veteran to lead the sales department.

 

Seattle - (www.capitalstream.com) announced today the appointment of Tim Stevens to the position of Vice President of Sales.  Stevens has an extensive background

in commercial finance and business development and brings more than 17 years of direct sales and management experience to the position.  Most recently, he served as the director of East Cost Sales for CapitalStream since joining the company in July of 2000.

 

Stevens joined CapitalStream from GE Capital, where he was responsible for worldwide sourcing, structuring and negotiating of large ticket transportation transactions as the vice president and managing director of Capital Markets and Business Development.

His extensive career has included positions with Transamerica Commercial Finance Group and Arthur Anderson.   

 

"As CapitalStream continues to grow rapidly and gain traction, it is essential to have a leader with a deep understanding of the needs of our customers and the challenges that face them in today's world."  Said Stephen Campbell, President and CEO, " Tim is the right person to lead our sales force and drive us to continued success in the future."

 

Stevens holds a degree in Accounting from the Northeastern Illinois University and MBA form the Kellogg School of Management at Northwestern University.  He resides in the Chicago area with his family.

 

 

About CapitalStream

 

Seattle-based CapitalStream strengthens existing business relationships and streamlines

transaction workflow through its flexible web infrastructure for commercial finance automation. The company provides finance companies, banks and manufacturers the ability to manage, distribute and automate commercial lease, loan and credit card financing programs for their business customers and associates.  CapitalStream, an established industry leader for more than five 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.

 

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Hoppy’s Sidekick and Name of Horse

 

George "Gabby" Hayes was one of Hoppy's sidekicks.   I don't remember the

other.  His horse was Topper, a white stallion.  Would you believe I have a

"working" Hoppy watch.  I received it for my tenth birthday.  The band is a

black gun belt; the hands are six-shooters; and his signature is still

clearly etched on the back.  Every once in a rare while I take it out and

wind it.  It keeps time for a few hours.

 

I was a regular Hoppy fan.

 

HalHorowitz

hal.horowitz@searchwest.com>

 

^^^^^^^^

Hopalong Cassidy had eleven sidekicks during its entire run in short films and TV.  They were:

 

Jimmy Ellison as Johnny Nelson

George "Gabby" Hayes –Windy Halliday

Russell Hayden as Lucky Jenkins

Britt Wood as Speedy McGinnis

Andy Clyde as California Carlson

Brad King as Johnny Nelson

Jay Kirby as Johnny Travers

George Reeves as Lin Bradley

Jimmy Rogers as Jimmy Rogers (Will Rogers' son!)

Rand Brooks as Lucky Jenkins

Edgar Buchanan as Red Connors

 

His horse's name was Topper.

 

Let's see-- that's 11X2  points = 22 points plus 3 for the horse, 25 points?  Who is the weakest link?

 

Jim Fleming

nationalbusinesscredit@yahoo.com

 

        JENNIFERLOPEZ_NAKED.JPG.VBS

 

Kit this may be of interest to you. I enjoy your updates.

 Dana Dodge!

 Dana Dodge dana@bel-lease.com

 

 ( Thank you. Leasingnews has seen this virus, and must admit, we were tempted to open

  it up, but our policy is to check first, and the sender never responded. editor )

 

 NEW VIRUS ALERT!!

 

 Hello everyone,

 

 A new virus alert has been issued for e-mail promising nude photos of

 Jennifer Lopez. DO NOT OPEN IT!!  It is like the e-mail Anna Kournikova,

 but

 adds a more dangerous W95/CIH virus.  If you have any questions about

any

 file or e-mail you receive, please talk to Bruce or myself.  See the

 details

 to this new virus below.

 

 Thanks-

 Larry H. Helms

 

 

 A new virus -- a variant of the Love

http://www.internetnews.com/bus-news/article/0,,3_355211,00.html>

LetterVBScript worm that made its way around the world a little more than a

year ago -- has turned up on the Net, luring recipients of the e-mail that

 delivers it to open it with promises of nude photos of Jennifer Lopez.

 

 This version -- dubbed alternately JENNIFERLOPEZ_NAKED.JPG.vbs,

 VBS.Loveletter.CM@mm or VBS.Lopez.a@mm -- packs an even more destructive

 payload than the original LoveLetter, because in addition to destroying

 multimedia files, it delivers and executes yet another virus: W95/CIH,

also known as Chernobyl.

 

 

 "The payload delivered by JenniferLopez-Naked consists of searching for

 and overwriting code on specific files found on the hard disk," said Panda

 Software, which Friday gave the virus its highest risk, distribution and

 damage threat levels. "Affected files will lose their content and the

VBS extension will be added at the end. If the worm finds MP3 or MP2 files,

it creates a copy of the original file, which remains hidden. These files

 will also be overwritten with the worm code and the VBS extension will be

added to them.

 

 

"Additionally, the worm will generate a file called W95/CIH in the

Windows installation folder. This file is infected by the well-known and

dangerous W95/CIH virus. Once this file has been created, the worm will ensure its

 execution."

 

 

 Chernobyl seeks out and destroys Windows 95, Windows 98 and Windows NT

 executable files. It then tries to destroy the computer by attacking the

 FLASH BIOS, preventing the computer from booting up.

 

 

The virus arrives as an e-mail with the subject, "Where are you." The

 message is "This is my pic in the beach" and the attachment which

delivers the payload is JENNIFERLOPEZ_NAKED.JPG.VBS.

 

 

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DVI Closes $325 Million ABS

 

DVI announced the successful completion of a $325.1 million equipment lease asset-backed securitization. This transaction represents the largest transaction in our history. DVI has completed 28 successful asset-backed securitizations, and since the initial transaction in 1991, the Company has placed $3.4 billion of such asset-backed notes in the market. The securitized assets are comprised of loans and leases secured by medical equipment. The $315 million public portion of this transaction was led by Merrill Lynch and co-managed by Banc One Capital Markets. Both Fitch and Moody's rated each of the securitization classes of notes, with 88% of the notes rated AAA or its equivalent.

Steven R. Garfinkel, executive vice president and CFO, commented, "DVI is very pleased with the execution of its securitization transactions and the strong reception of its asset-backed notes in the market. The costs of our recent securitizations are materially lower than those for our earlier transactions, providing improved spreads as we replace our older securitizations."

Commenting further, Garfinkel stated, "The equipment securitization market continues to be one of the most stable and viable markets for term debt. This market is an important part of our balanced use of the capital markets to meet our growth requirements. We see more companies turning to the asset-backed market as a way to diversify their borrowings and reduce their reliance on unsecured commercial paper. This trend will serve to improve the depth and breadth of our securitization market, leading to an even lower cost of funds and more efficient source of capital in the future."

 

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Administaff Announces Alliances With Wells Fargo, I-Works, META Group and LeaseMarket

 

HOUSTON, , the nation's leading Professional Employer Organization (PEO), today announced new strategic alliances with Wells Fargo Home Mortgage, Inc., I-Works Inc., META Group, Inc. (Nasdaq: METG) and LeaseMarket, Inc. Under the terms of the agreements, Administaff's client companies will be able to access value-added offerings by the alliance companies via bizzport(SM), Administaff's eCommerce portal.

    Wells Fargo Home Mortgage is a leading originator and servicer of residential mortgages and operates the leading mortgage lending network in the country. Wells Fargo serves corporate clients with two key programs ? The Relocation Mortgage Program(SM), which simplifies the home financing aspect of relocating, and The Employee Mortgage Program(R), which provides companies with a value-added home financing resource for employees.

    I-Works provides customized Web solutions for small businesses. Founded in 1996, I-Works has produced thousands of Web sites through channel alliances with companies that understand the benefits and value an effective Web presence can provide for their small business clients. I-Works also provides state-of-the-art secure Web site hosting.

    META Group is a leading research and consulting firm, focusing on information technology and business transformation strategies. Delivering objective, consistent, and actionable guidance, META Group enables organizations to innovate more rapidly and effectively. META Group's unique collaborative models help clients succeed by building speed, agility and value into their IT and business systems and processes.

    LeaseMarket, Inc. is a leader in the equipment leasing industry with its advanced technology and auction-based marketplace. LeaseMarket maintains strategic partnerships with a diversified pool of top national lenders who view lease transactions electronically and offer credit approvals in real time. The technology platform synchronously integrates lenders, equipment sellers and lease customers, enabling LeaseMarket customers to gain more efficient access to leasing capital, improved market pricing and a higher approval ratio than previously available through traditional resources.

    Administaff is a leading personnel management company that serves as a full-service human resources department for small and medium-sized businesses throughout the United States. With 2000 revenues of $3.7 billion, Administaff ranks number 448 on the Fortune 500 list. In addition, Administaff is included on Fortune's list of "America's Most Admired Companies," on the Forbes Platinum 400 list of the best big companies in America and on the InformationWeek 500 list of leading information technology innovators.

    Administaff's Personnel Management System includes employment administration, benefits management, government compliance, recruiting and selection, employer liability management, training and development, performance management and owner support. These core services are complemented by an eBusiness strategy that includes Administaff Assistant(R), an eService platform that provides clients and worksite employees with information and resources to help maximize the benefit of their Administaff services; and bizzport(SM), an eCommerce portal that features value-added products and services from best-of-class providers such as American Express, AT&T, Bank One, Continental Airlines, Dell, IBM and Spiegel.

    Administaff has 35 sales offices in 19 major markets. For additional information, visit the Administaff's Web site at http://www.administaff.com.

 

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eOriginal Announces Agreement With IBM To Support Electronic Lease Transactions

 

 

BALTIMORE,  -- eOriginal Inc. today announced that IBM Global Financing, the leader in information technology financing, will use eOriginal's Electronic Original(TM) solution to facilitate Web-based commercial lease transactions.  The eOriginal(TM) patented software solution will allow IBM's customers to create, execute, view, store and transfer legally enforceable financing contracts securely over the Internet.

 

"eOriginal is delighted to have been selected by IBM Global Financing," said George Deehan, president of eOriginal's leasing division.  "We've created an end to end solution that starts with an electronic document and signatures, meets the legal requirements for electronic leases, is insured for $2 Million per transaction, and doesn't require multiple people and process steps for completion."

 

"Providing secure Web infrastructure for electronic negotiation, signature and access to legally enforceable electronic contracts has the potential to provide significant productivity benefits for our customers," said Charles C. Thomas, director of e-business solutions, IBM Global Financing.  "Our goal is to better understand how we and our customers can make the transition to a completely paperless transaction environment."

 

IBM Global Financing's decision to move forward contractually with eOriginal Inc. was made after the successful completion of a six-month pilot project with one of IBM Global Financing's largest customers.  The companies will work together to incorporate this Web-based solution for electronic signature and access to contractual agreements by a group of IBM Global Financing customers.

 

About IBM Global Financing  

 

As the largest information technology financier in the world, IBM Global Financing offers customers in more than 40 countries leasing and financing solutions for hardware, software and services acquired from IBM and other vendors.  With more than $46 billion in annual financing originations in 2000, IBM Global Financing also provides flexible commercial financing for inventory, accounts receivable and acquisitions.  In the United States, IBM Global Financing customers are served by IBM Credit Corporation.  More information can be found at www.ibm.com/financing.

 

About eOriginal  

 

The eOriginal(TM) application for the leasing industry was created to streamline paper-laden business processes and create legally enforceable electronic leases.  eOriginal provides Application Service Provider (ASP) platforms for the mortgage industry, commercial equipment and automotive leasing industry and the domestic and international trade and transportation industries.  The company's core technology, eCore(TM), will also be able to be licensed by enterprises for the creation of legally enforceable electronic negotiable instruments and source records, "Electronic Originals(TM)," utilizing existing enterprise applications platforms.

 

eOriginal Inc. is the only software solution provider for electronic negotiable instruments, securities and source records which enable enterprises to execute secure, online business transactions in which legally enforceable electronic documents completely replace paper as the essential high value assets or source records.  It is the only company that offers a complete, comprehensive and integrated solution capable of creating Electronic Originals(TM) that are legally accepted as the electronic equivalent of negotiable instruments and insured by a respected global insurance provider, and the only e-commerce solution that fully complies with all six transferable record criteria of E-Sign and Uniform Electronic Transactions Act (UETA) legislation.  eOriginal Inc. is headquartered in The Warehouse at Camden Yards in Baltimore, MD.  For more information, please visit www.eoriginal.com.

 

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GE Has New Honeywell Merger Offer

 

By PAUL GEITNER

.c The Associated Press

 

 

BRUSSELS, Belgium (AP) - General Electric Co. is prepared to sell Honeywell International's regional jet-engine business to secure European Union approval for its proposed $41 billion purchase of Honeywell, a source close to the negotiations said Wednesday.

 

GE chief executive Jack Welch was expected to discuss the concession to EU regulators later this week in Brussels, according to the source who spoke on condition of anonymity.

 

The proposal was initially reported in Wednesday's Wall Street Journal.

 

EU regulators cited regional jet engines as one of their top concerns after launching an in-depth probe of the deal last March, saying the deal was ``likely to significantly reduce the existing degree of competition in this market.'' The deadline is Tuesday for offering concessions.

 

GE and Honeywell are two of the main engine suppliers for increasingly popular regional jets, which carry up to 90 passengers on short-haul flights. Honeywell also supplies components to competing engine-makers.

 

Welch was expected to fly to Brussels for meetings with EU regulators on Friday, said another source, also speaking on condition of not being identified

 

A spokeswoman for Competition Commissioner Mario Monti and a spokeswoman for GE declined comment on the case. The EU decision is due July 12.

 

Honeywell spokesman Tom Crane would say only that company officials are ``continuing to work with the European Commission to address the issues they raised.''

 

Analysts said a sale of Honeywell's regional jet-engine business would have little impact on the deal since GE Aircraft is already the leader in that market, with top positions at three of the four manufacturers: Canada's Bombardier Inc., Empresa Brasileira de Aeronautica of Brazil; and U.S.-based Fairchild Dornier.

 

Credit Suisse First Boston estimated revenue from the Honeywell unit at only $300 million a year, or less than 0.5 percent of the combined revenues of the two companies.

 

Resolution of that issue would still leave another major concern cited by Monti's office. GE and Honeywell could bundle aircraft engines and electronic aircraft devices, known as avionics, and sell them at discounts that competitors such as Britain's Rolls Royce PLC and France's Thales SA could not match.

 

Analysts have said that they don't believe that concern alone would be a deal-buster. Nor do they expect GE to agree to shedding any of its core business, such as avionics or its aircraft financing and leasing business, GE Capital Aviation Services (GECAS).

 

Simon Holmes, an EU competition lawyer at SJ Berwin in London, said he expected GE would have to address the Commission's concerns that ``bundling'' engines, avionics along with financing packages would harm competition.

 

``GE will have to bite the bullet in terms of divestiture if they want the deal to go through,'' he said.

 

But Michael Regan of Credit Suisse First Boston said the GE aviation service business and engine business ``work at arms length and there is no cross subsidization of one or the other - so an agreement to make that clear and definable should be easy to reach.''

 

``The EU is posturing to look like it is taking a hard line on the deal and the sale of regional engines and behavioral agreements around GECAS should suffice,'' he added in a research note.

 

In return for its approval, the U.S. Justice Department required Honeywell to divest its helicopter-engine business and authorize new third-party maintenance and repair services for some of its aircraft engines.

 

In afternoon trading on the New York Stock Exchange, GE shares were off 59 cents at $48.59, while Honeywell shares were down 31 cents at $48.53.