May 20, 2000

First Sierra Ends Day at All-Time Low on Friday: 4 1/32

The stock actually dropped to below 4, but rose again; however, statistically, ending the lowest it has ever been for the day.
To view stock chart from their site: www.sierracities.com

Our Man at the EAEL Conference Rob Yohe

Go to www.lessors.com and check it out. Conference in Atlanta in August strictly on e-leasing/commerce. Attendance limited. Will give detailed report on this conference as soon as I can. Total Funding had a great cigar and cognac party. I still have a headache.

Rob

" Not Us!!!"

-DirectFunding.Net issued fax received today to all NAELB Brokers to state that Directional Funding is not a part of Equipment Financing Group as claimed in fax from Joseph G. Bonanno, Esq., Legal Counsel to NAELB who sent a three page fax memo to all NAELB members notifying them " Equipment Financing Group, Inc., Directional Funding, Inc. nor DirectFunding.net are members in the NAELB. This office is in possession of all documentation to substantiate the above claims and will share them with any member in good standing at anytime."

David Edwards states Directfunding.Net is "...a separate company with no interest in Equipment Financing Group...We have always paid our brokers at the time of funding no broker/vendor has ever filed a claim against our company. We are current members on the U.A.E.L & B.B.B. Take a look at our new broker web-site for additional information on our company."

a copy of the fax can be sent if your e-mail has blocked it from being received.

Manifest Issues "Insurance Policy" to all its brokers.

Here is the essense of The Manifest Insurance Policy:

" Your lessee and vendor lists will remain confidential to The Manifest Group. At no time will this information be shared with anyone outside The Manifest Group. This policy holds true even if your company is no longer doing business with the Manifest Group"

Troy Molitor, General Manager

( more fundors should issue such a policy--editor/congratulations to The Manifest Group for their leadership in the leasing industry )

A full copy of The Manifest Insurance Policy can be sent if your e-mail has blocked it from being receivedis attached as Adobe or pdf file.

Good Morning. Just wanted to THANK YOU for your quick response and helpful information you sent to me regarding building a website. I continue to appreciate your e-mails full of current, pertinent, and interesting information.

Thanks again and hope you get to enjoy the return of the sun here in California.

Trudy

lackey@caltel.com

( It is 93 degrees today here in Silicon Valley. We are having a heat wave!!!--editor )