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| September 29, 2000 Galloway
on "For Sale" of Company He Started Industry Leader Charlie Lester Speaks Out---Next Week Edition Dwight Galloway/Republic Leasing For Sale " The expected result will be a sale of Republic Leasing Corporation ( Columbia, South Carolina ) along with the banks existing portfolio. We have certainly enjoyed the time with RBMG but since the divestiture of their banks several years ago, we have looked forward to an opportunity to again become part of an organization that can provide better funding for our established broker/lessors. In addition, we believe our long and profitable history and our Bank Customer Leasing Program will be particularly attractive to banks seeking a proven platform to meet their clients' leasing needs." Contact:
Dwight Galloway (803) 750-4100
Rob Day Keep up the good work. Your "paper" is of value and does
have a following.
Great and informative overview as always. Kit: I don't know if you remember me, I was a Regional Chair for WAEL in the early 1990's when I was with Execulease. Execulease was sold to Anthem in 1994 and Anthem was sold to Newcourt in 1996 and we all ended up going our separate ways by 1997 so they could clear the decks to acquire AT&T. I joined a 20-year old broker operation in new York called Coronet Funding in 1998 and I am having a blast doing deals and building a business. I really enjoy leasingnews. Thanks for having the nerve and enthusiasm to run this thing.
Best regards, Mike Sweeney Posted on Yahoo Stock Page Messages "For those of you interested in the leasing industry and an upcoming article on BTOB, go to www.leasingnews.org and subscribe. This newsletter is written by Kit Menkin who is a well respected long time leasing guru who gives you the inside story of the leasing industry. LeaseExchange Introduces Global Data Broker; New SmartStuite Component Enables Seamless Integration With a Variety of Technical Platforms" acquiree ( signature ) ( I have never visited this site before: yahoo/stocks/messages There were many other comments, with criticism that the quotes were "name withheld." As a point of information, all those that gave me the quotes, except for one exception, gave me permission to print their names, such as Bob Rodi, Rob Yohe, Charlie Lester, and a number of others, all very "reliable sources." But as editor, I thought the report was too one sided because I could not get Sierra Cities to make any comment. I thought if the readers saw who they were, it would make it even more pronounced what was said, and the real message was not who said it, but what they said. Leasing News is written for "insiders" and those in our industry. I have a lot more information, and will sign their names to what they told me, but I did not want to harm any sale or the stock and the purpose of the news is to be unbiased and not to hurt anyone, but to bring the news to industry insiders...and hopefully we can "police ourselves," rather than having the government do it for us. Believe me, I am trying to protect our profession, not hurt it. editor ) SAN FRANCISCO--(BUSINESS WIRE)--Sept. 28, 2000-- Today LeaseExchange, the provider of the equipment leasing industry's premier multi-lender leasing platform and services, introduced Global- Data Broker(TM), a technology that enables LeaseExchange to seamlessly interface with a variety of platfo rms, including Oracle on Solaris, Oracle on Linux and SQLServer on NT/2000. "The flexibility of our platform creates a tremendous integration advantage for us," said Jay Borenstein, CTO of LeaseExchange. "To be able to seamlessly change the back end of the leasing engine greatly reduces the complexity of an integration effort." Global Data Broker is part of SmartSuite(TM), an ASP collection of web-based components that enable equipment sellers to provide enhanced leasing services to their customers, either via sales forces or online offerings. About LeaseExchange LeaseExchange is the premier provider of multi-lender equipment leasing services and technologies for equipment sellers and other companies offering leasing. Its multi-lender services and technology solutions increase approval rates, increase process efficiencies, and provide more control and visibility over the leasing process. The Red Herring, realizing that LeaseExchange is positioned to reinvent the $233 billion dollar leasing industry, recently selected LeaseExchange as one of the "Ten to Watch" companies for 2000. For more information about LeaseExchange, visit www.LeaseExchange.com or call 800/499-2577. CONTACT: LeaseExchange Tom Williams, 415/701-8900 ext. 131 twilliams@leaseexchange.com or Kris Bondi, 415/505-5046 - LENDX AND FINANCIAL EXECUTIVES INSTITUTE ANNOUNCE INAUGURAL ASSOCIATE PARTNERSHIP AGREEMENT San Francisco, CA, - LENDX,
an online corporate equipment finance marketplace providing end-to-end e-finance
solutions, today announced that it has entered into an Associate Partner agreement
with Financial Executives Institute (FEI), the largest professional association
for senior financial executives. FEI represents over 15,000 CFO's, treasurers
and controllers throughout the U.S. and Canada.
SecureLease in Contract with E-LEASE Kit: I'm responding to your inquiry on the Monitor Daily News. Unfortunately, the Monitor failed to include all of the text we gave them. At the end of the brief article you read, we acknowledged that E-Lease was a registered trademark of Richlund & Associates, Inc. E-Lease was applied for at the USPTO in February of 1999 by Richlund & Associates, Inc. and granted in 2000. The mark E-Lease was used in commerce well before the application date by Richlund in defining their e-commerce product which was developed and supported by SecureLease. Richlund's E-Lease program was fully operational and used in commerce almost a year before the company in California existed. Unfortunately, the other company's use of the mark has created much confusion for Richlund and now possibly for SecureLease. SecureLease does not support (or for that matter endorse) any type of Lease Exchange, but rather delivers an ASP model to Equipment Lessors for processing their lease applications and documentation in real time via the internet. SecureLease.net promotes and supports the Lessors' control of their business and protection of their valuable customer information. We appreciate the value of enhancing the Lessor's brand equity with their clients. As I write this, I am finding great irony in the fact that SecureLease's first long term client (the real E-Lease)has been armed with a great internet product to combat a lease exchange which is using the same name.
Ain't life grand!
Best Wishes, P.S. This isn't the first time we have encountered confusion by their use of our Service Mark. (And it probably won't be the last.) My original partner in Richlund called me after seeing these guys pop up and asked if I would be moving to California. Textron Financial and QLender in Alliance to Offer Small Business Lending Services Via the Internet QLender, the fastest growing e-commerce business-to-business provider of small business loan auctions on the Internet and Textron Financial, a leading provider of commercial and specialized finance services, announced an agreement where QLender will offer access to TFC's financing products over the Internet. Through QLender's website, a small business user is able, with the services of TFC, to apply for equipment financing; capital to support its franchise; a Small Business Administration (SBA) guaranteed loan; and other commercial finance offerings. Small businesses can secure term loans, lines of credit, business credit cards, equipment leases, SBA loans and other business services on the QLender site. Businesses requiring additional capital are asked to complete a short application that is screened against the lending criteria of multiple lending institutions for a possible match. QLender offers businesses a fast, simple, effective, and free of charge way to obtain the financing that they need to support their business growth. Users of the Qlender service can expect credit decisions from its lenders within minutes of submitting a completed application depending on the financing product selected. "At QLender, every user that comes to us expects the best, a quality product, helpful service and a fast turnaround time," said Douglas Gaston, CEO of QLender. "This alliance with Textron Financial Corporation provides us the opportunity to expand our quality lenders and provide options to our small business users. We are extremely proud to have Textron Financial on the team." "The small business marketplace continues to be an area of growing opportunity for Textron Financial," stated John Carey, senior vice president of corporate strategy and marketing at Textron Financial. "This partnership is also consistent with Textron's strategy of rapidly leveraging the Internet to expand our marketing capabilities for our global customer base and to create operational efficiencies in our back office," Carey added. QLender provides a comprehensive on-line business-to-business auction market place for small businesses to secure loans. QLender transacts with over 20 of the nation's leading lenders, capable of providing financial services to its customers throughout the United States and Canada. These financial institutions' loan decisions are based upon demographic, public records data and payment performance. QLender customers can receive multiple offers in response to a single loan request within minutes and then compare, review and accept the loan offer that best suits their needs. The QLender auction process reduces processing cost for lenders, enabling them to offer lower competitive lending rates and fees to small businesses. Note: We have switched internet servers, changed DNS numbers, installed a new operating system and news has been delayed due to trying to clean up hacker damage, and trying to protect our mail server---editor
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