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| September 11, 2000 www.financialfederal.com
joins the Internet Fray
re: eLease Report Kit, Congratulations!!! Your report will be a tremendous resource for everyone in the finance industry. Each of our departments will use it as their benchmark listing.
Thank You!
Brian Murray re: eLease Report Kit: This was a great special report. Thank you for being the "aggregator"
Best Regards, Warning From Bob Bell---- Kit: Greeting from the South! Although I am not an attorney, this is something we all should be cognizant of. The consolidation in our industry underscores the need for lessors and brokers to understand that their broker agreement follows the lease. It is therefore incumbent upon the broker/lessor to be sure they are aware of the details, and protected in writing as to their rights and obligations. The fact that they have a great relationship with the original fundor doesn't mean beans when the lease contract is sold. Keep up the good work and I will see you in Mouseville. Bob
Bell, CLP LeaseForum Continues to Strengthen National Sales Infrastructure; Andrew L. Kirsch Appointed Vice President, Corporate Sales, Southeast Region BOSTON--(BUSINESS WIRE)--Sept. 8, 2000--LeaseForum, Inc., the only online commercial equipment leasing marketplace providing lessees an integrated suite of Web-based solutions for managing the leasing lifecycle, today announced the appointment of Andrew L. Kirsch as vice president of corporate sales. Mr. Kirsch will service the leasing needs of large to mid-size companies throughout the Southeastern United States. Mr. Kirsch, former vice president at Bank of America Leasing and Capital Group, has more than 15 years of strategic financing management, sales and credit experience within the banking and equipment leasing industries. Serving Fortune 500 and middle market companies, Mr. Kirsch has held senior and regional management positions at NationsBanc, C&S/Sovran Leasing and their predecessor companies. He began his leasing career with Chemical Business Corp. in New York and later became vice president and Northeast regional manager at PHH Financial Services. He was most recently with Mellon US Leasing. Mr. Kirsch received both his MBA and BA degrees from the University of Miami. "LeaseForum is changing the leasing dynamic with our powerful combination of financing and value-added Web-based solutions," said Susan S. Franklin, president and CEO of LeaseForum. "Mr. Kirsh has successfully managed sales forces at top leasing companies, as well as developed financing opportunities throughout the Southeastern United States. Building upon these long-standing relationships and keen knowledge of the territory, Mr. Kirsh will drive the rollout of our suite of leasing lifecycle management solutions throughout the Southeast Region." LeaseForum Expands National Sales Force; R. Douglas Leininger Appointed Vice President, Corporate Sales, South Central Region LeaseForum claims to be the only online commercial equipment leasing marketplace providing lessees an integrated suite of Web-based solutions for managing the leasing lifecycle, announced today the opening of its Austin, Texas office. The new office, servicing the leasing needs of large to mid-size companies throughout the South Central Region, will be headed by R. Douglas Leininger, who has been appointed vice president of corporate sales. Mr. Leininger, former field operations manager of worldwide customer and sales operations for Tivoli Systems Inc. (an IBM Company), brings more than 17 years of equipment leasing and asset-based lending experience. Prior to Tivoli, he was senior marketing manager for Dell Financial Services, where he developed and managed leasing and asset recovery opportunities in the South Central territory. As director of business development and director of national marketing group for BancBoston Leasing, Inc. (now Fleet Capital Corporation), Mr. Leininger developed and managed a leasing sales force targeting large to mid-size companies throughout the U.S. He began his leasing career at BankAmerica Leasing and later became vice president of Amembal & Associates, where he co-authored "The Handbook of Equipment Leasing" and instructed in-depth leasing seminars. Mr. Leininger received an MBA in finance and a BS in business management with honors from Brigham Young University. Before embarking on his leasing career, he was a senior research analyst for McKinsey & Company. "LeaseForum is dedicated to providing lessees services that go far beyond financing," said Susan S. Franklin, president and CEO of LeaseForum. "Mr. Leininger brings to LeaseForum both well established customer relationships and a solid background in selling leasing and asset management services. His teaching experience and in-depth leasing knowledge are of tremendous value to LeaseForum customers and speaks directly to our commitment to providing unparalleled service." About LeaseForum Headquartered in Boston's financial district, LeaseForum is the only online commercial equipment leasing marketplace providing an integrated suite of Web-based solutions for managing the leasing lifecycle. LeaseForum enables lessees and lessors to originate leases, manage them across the enterprise and remarket off-lease or surplus equipment. For more information visit www.leaseforum.com or www.remarketxchange.com. CONTACT: LeaseForum, Inc.
Donovan Group ssf@leaseforum.com About LeaseForum LeaseForum is the only online commercial equipment-leasing marketplace providing an integrated suite of Web-based solutions for managing the leasing lifecycle. LeaseForum enables lessees and lessors to originate leases, manage them across the enterprise and remarket off-lease or surplus equipment. Headquartered in Boston's financial district, LeaseForum investors include Shawmut Capital Partners (www.shawmutcapital.com). For additional information, visit www.leaseforum.com or www.remarketxchange.com. CONTACT: LeaseForum, Inc. Susan S. Franklin (617) 443-9910 ssf@leaseforum.com or Donovan Group Philip O'Brien (508) 393-1433 Financial Federal Corporation Announces Launch of B2B Website and Preliminary Year-End Results NEW YORK--(BUSINESS WIRE)---Financial Federal Corporation ("FIF" - NYSE) today announced the commencement of its e-business strategy via its Internet website at www.financialfederal.com. The newly enhanced website was developed and implemented in-house by Donald Pokorny, VP of Fi nancial Federal Credit Inc. ("FFCI"), the Company's major operating subsidiary. Mr. Pokorny will have primary responsibility for ongoing management of the website, whose major features include: -- FFCI's customers and prospects are now able to apply for equipment financing and equipment leasing services online 24 hours a day, and to communicate business and personal financial information electronically. -- Customers are now able to email FFCI's senior management team directly from the website. -- Visitors to the website can learn more about the financial services provided by FFCI. -- FFCI will provide direct links from its website to equipment vendors. -- FFCI's customers may post equipment for sale, and FFCI's customers may purchase such equipment online. -- Employment opportunities with the Company and FFCI can be posted online. Paul R. Sinsheimer, President, remarked: "Financial Federal now has the capability to accept applications for equipment financing and leasing online. The website offers a solution for those customers who prefer to use the Internet and avail themselves of the Company's services 24 hours a day. Our e-commerce strategy does not change Financial Federal's business model or the criteria or methods used for approval of transactions. However, we believe our new e-commerce capability provides a valuable marketing tool for introductions to new business prospects, and enhanced communication with our existing customer base." Mr. Sinsheimer further commented "The Company expects to report its Fiscal 2000 audited results by the end of this month. From a review of the unaudited numbers, net receivables outstanding as of July 31, 2000 were approximately $1.13 billion, and net earnings on a diluted basis for Fiscal 2000 was approximately $1.52 per share. No Common Stock or Convertible Subordinated debt was repurchased by the Company during the fourth quarter." This document contains forward-looking statements, involving management assumptions, risks and uncertainties. Readers are referred to the documents filed by the Company with the SEC, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Financial Federal Corporation is a national, independent financial services company specializing in financing industrial and commercial equipment through installment sales, leasing and loan programs for equipment manufacturers, dealers and end users. In addition to its New York office, the Company has six full-service operations centers in Texas, Illinois, New Jersey, North Carolina, Arizona and Georgia and numerous additional marketing locations throughout the country. CONTACT: Financial Federal Corporation Jeanne McDonald, Senior Vice President (212) 599-8000 |
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