Headlines:

      Billie Bolton " I am ethical, professional, thorough, and honest in all my business                      practices.  I feel that I have the integrity and strength of character that a

       few people may be lacking."

         FlexLeasing ( Griffin & Associates ) Closes Their Doors

           PinnLeasing USA Experience

            Kent Financial Shows Loss

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PinnLeasing USA

I would like to add to the comments you may be collecting from around

the country by various lenders/lessors who may have been taken for a

ride by PinnFund/PinnLease.  We are one of those lenders.

We funded $600k to PinnFund in late 1999 under

three Schedules which were then assigned to Scripps Bank in San Diego

(now US Bank).

We were tipped off to the potential of fraud by another lender when they

had approved and were prepared to fund an additional schedule of $100k

for us. Just prior to closing and funding, they had received word from

another wounded lender alleging "irregularities" and passed the

information on to us which, in turn, led to some rigorous investigation

on our part.  Our investigation did, in fact, turn up significant

"irregularities" and we recinded the unfunded balance of the commitment

outstanding. The rest is history, but will be shared later this week

with the appropriate agencies involved in the unwind process (as in

FBI).

It would be helpful if any parties which have been so exposed would

contact the U.S. Attorney's office in San Diego if they have credible

evidence or information available which might be helpful in connecting

all the dots.  Please have them contact: Steve Clark or Kevin Kelley;

619-557-6216.

Name With Held

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 Elizabeth "Billie" Bolton

Former owner and President of BSL Inc.

Columbia, SC

   Accusations Are Not Correct, She says.

"I am dismayed and livid to read the statements and allegations made

about me and posted for my peers to see.  Please consider the source,

even though anonymous, and let my record of ten years speak for itself.

I believe the fundors, lessors, lessees, and other brokers who have

worked with me for these years know that I am ethical, professional,

thorough, and honest in all my business practices.  I feel that I have

the integrity and strength of character that a few people may be

lacking.

"Also, for the record, BSL, Inc. has been an inactive corporation since

the sale of the assets October 31, 2000."

( We understand there may be another BSL,Inc., as a reliable source told us

the company was under "new management."  Billie Bolton states the company

referred to BSL,Inc is inactive and the BSL may be another company with

a similar name.  We stated in our story we were attempting to verify

the information. Readers should take her statement as "truthful."

Other matters may be connected to the defunct BSL, Inc. as Billie Bolton

states, and for the record, we will leave it at that.  We do not want

to add more to the confusion. editor

  FlexLeasing ( Griffin & Associates ) Closes Their Doors

  "After twenty years in the military and nineteen years in leasing, it's time

for me to retire," Chuck Griffin, president of FlexLeasing, Albuquerque, New Mexico

told Leasing News.

  The company was planning to merge, but an investor backed out, Griffin said.

His bank had merged with another and the warehouse line was gone.  There are a number

of loose ends, including advance rentals and other issues, he is trying to work out.

He states there is no money left, and to add injury to this madness, is also

in the middle of a divorce proceedings with his wife.

"The banks are taking over the leasing business," he said.  " Who needs all this

headache.  I'm getting out of here and taking early retirement."

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  Kent Shows Financial Loss

KENT FINANCIAL SERVICES, INC. (the "Company") (NASDAQ - KENT) recorded a net loss of $357,000 or $.19 basic and fully diluted loss per share for the year ended December 31, 2000, compared to net income of $409,000 or $.21 basic and fully diluted earnings per share for the year ended December 31, 1999. Total revenues for the year ended December 31, 2000 were $4.5 million, compared to $4.8 million for the year ended December 31, 1999.

    In March 2001 the Board of Directors authorized the repurchase of an additional 150,000 shares of the Company's common stock at prices deemed favorable from time to time in the open market or in privately negotiated transactions subject to market conditions, the Company's financial position and other considerations.

    The Company has 1,742,250 shares outstanding.      

  www.sex.com

Several readers asked why I had included this news story, including putting

a link "on line."  I thought it was not only indicative of the dotcom industry,but humorous.

I did clarify that is was not a leasing industry based story. As to a link, I used

their name; that the name is also a link, was not our purpose.  I was not recommending readers

go to the site, and I don't even know if it is up and running. I will consider the comments I

received the next time, especially from the ladies the next time I am tempted to include

a story on "sex."  I find readers don't want jokes nor "sex." editor