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 Headlines---

 

Classified Ads---Senior Management/Sales Managers

         It'sssssssssssssss:-)SilverMark Capital ! ! !

              Where is Thomas J. Depping?

                Pictures from the Past--1995

                 Kruse-Brady-Monlux Go MainStreet Finance             

    Pictures from the Past---2002---Rick Wilbur/Jim Buckles

      Housing Starts Highest Level 17 Years/ Economic Forecast

        Sunrise Int. Net Income Up 39 Percent Year-to-Date

         Sobig virus spreads quickly by e-mail, clogging inboxes

           Mark Lane New CEO at Synovus

            FleetBoston Financial Declares Regular Dividends

              Leasing Industry Help Wanted

                Amex Cheers a Strong First Half of Year

                  News Briefs---

                   California Nuts Briefs---

         This Day in American History

 

 

This Border ##### Denotes Press Release (Not Written By Leasing News)

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   Classified Ads---Senior Management/Sales Managers

 

Senior Management: Baltimore, MD

25 year veteran of commercial and equipment leasing seeking a senior management
position with leasing or asset based financing company in the southeast (Florida
preferred)

email: kellogg_md@yahoo.com

 

Senior Management: Denver, CO. Fortune 500 GM/SVP wants to team up with
aggressive lender looking for Western expansion mid-market equip. finance/
leasing.20+ years experience within Rocky Mountain/Southwest and Ca markets.
email: legal@csotn.com

 

Senior Management: Long Island, NY

Degree Banking/Finance. 13 years leasing exp. Now prez young leasing company
where promises were not met. Interested in joining established firm with future.
Email:bob33483@yahoo.com

 

Senior Management: San Francisco, CA., 25 years experience w/global leasing
company, sales, marketing, business dev., P&L responsibility, asset mgmt,
brokering and remarketing. Interested in joining an est. firm with a future.
email:rcsteyer@yahoo.com

 

 

Senior Management: Portfolio Management Consultant; 25+years experience in
Collections, Customer Satisfaction, Asset Management, Recoveries, Continuous
Process Improvement, Backend Revenue Generation, Cost per Collection Analysis.
$5+Billion Portfolio expertise. email: efgefg@rogers.com

 

Sales Manager: Atlanta, GA

30 years in transportation Finance with strong management/ sales background.
Represented company on national & region markets. Started two successful
operations- produce profits and growth. Email:pml@mindspring.com

 

Sales Manager: New York, NY

I have over 25 years owning an independent leasing company that specialized in
truck leasing. Tow trucks, Limos, ambulances, tractors, etc..
Email:rfleisher@rsrcapital.com

 

Sales Manager: Portland, OR. 18+ yrs w/bank leasing company. Supervised 14- 20
sales people. Willing to relocate for the proper position. Or, seeking sales
position in current location (13+yrs direct sales). email:pthygeson@netscape.net

 

Sales Manager: Seattle, WA

Senior level sales professional w/ (20) plus experience in mid market financing
& leasing. The last (8) plus years being self employed in middle market
brokerage. Email:markhenley@qwest.net

 

Job Wanted Ads here:

 

http://65.209.205.32/LeasingNews/JobPostings.htm

 

    Look for advancement or a job in the leasing industry, free ad:

 

     http://65.209.205.32/LeasingNews/PostingForm.asp

 

   (We help people find work, start networking, keeping your “name” active)

 

 

--------------------------------------------------------------------------------------

 

              It’s Official---It is Not “Van Etten Leasing”

 

                      It’sssssssssssssss : -)  SilverMark Capital ! ! !

 

Otherwise Leasing News named it right a month in advance, including

Sterling Bank and the major players.  Here is the official press release:

 

### Press Release ###########################################

 

 

Sterling Bank Recruits Executives to Launch

New Equipment Leasing Division

 

 

HOUSTON—Sterling Bank, a subsidiary of Sterling Bancshares, Inc. (NASDAQ: SBIB),
announced today the hiring of four leading professionals in the field of
business equipment leasing.  These experienced professionals represent the
bank’s initial staff in the leasing and equipment-financing division it is
developing. 

 

This new division of the bank will be called SilverMark Capital™ and will
provide equipment-leasing services to bank customers and to select national
vendor relationships.

 

“Offering an in-house business equipment leasing program is a logical step in
providing full-service banking to our customers,” commented Sterling Bank
President and Chief Executive Officer J. Downey Bridgwater.  “Our philosophy is
that to be the best, you get the best people.  That’s why we’re proud to bring
aboard these four professionals.  In our opinion they represent the industry’s
best in the field of commercial leasing services.”

 

The four leasing professionals are Frederick M. Van Etten, Richard S. Andersen,
Daniel L. Fritz, and Hernan R. Traversone.

 

·Fred Van Etten, named CEO of the leasing division, has over 25 years’
experience in the commercial leasing and asset-financing marketplace. Most
notably he was co-founder, executive vice president and chief marketing officer
for First Sierra Financial, a successful company which was sold to American
Express in 2001.  He holds a business administration degree from Arizona State
University and an MBA from Pepperdine University.

 

 



 

 

Ric Andersen, senior vice president and chief operating officer of the leasing
division, was director of vendor services and capital markets for American
Express Business Finance, Inc., and directed portfolio acquisition and
syndication there.  He began his banking career while completing a BA in
economics and finance at the University of Colorado at Boulder, where he became
president and CEO of the student credit union.  He has over 15 years’ experience
in finance and commercial leasing.

 

 

·Danny Fritz, senior vice president and chief marketing officer for the leasing
division, previously served as global business development manager for Hewlett
Packard Financial Services, Inc., where he was responsible for portfolio
management, business strategies, pricing, policies and procedures, as well as
global marketing of lifecycle management programs.  He has 15 years of
experience in the leasing industry and holds a BA in finance from the University
of Texas.

 

·Hernan Traversone, senior vice president and chief credit officer for the
division, previously served as director of originations for the Houston credit
operation of American Express Business Finance, Inc.  Prior to that he was vice
president of wholesale operations for First Sierra Financial, Inc., where he
also oversaw credit, documentation, and funding procedures. He has over 11 years
of experience in consumer and commercial underwriting.

 

Earlier this year, Sterling Bank was named to FORTUNE Magazine’s 2003 List of
the 100 Best Places to Work in America.  With assets of $3.4 billion, it
operates 35 banking offices in the greater metro areas of Dallas, Houston and
San Antonio.  Sterling Bank is a subsidiary of Sterling Bancshares, Inc., whose
common stock is traded through the Nasdaq National Market System under the
symbol SBIB. For more information, please visit the company's web site at
www.banksterling.com.

 

 

#### Press Release ################################################

 

 

 

             Where is Thomas J. Depping?

 



 

 

He’s not with SilverMark.  Is he in Houston or Costa Rico?

 

-----------------------------------------------------------------------------------------------

 

Pictures from the Past---1995---

McCommon,  Malone, Monlux, Lowe, Wehner, Dislip, Kruse

 

 

 



 

“Left to right—Jim McCommon, LaVergne Malone, Cliff Monlux, Loretta Lowe, Skip
Wehner, Alan Dishlip, and John Kruse packing heat at Wings Over the Rockies
(Denver, Colorado United Association of Equipment Leasing Conference)

June,1995, Regional Report, United Association of Equipment Leasing

 

-----------------------------------------------------------------------------------------------

 

Kruse-Brady-Monlux Go MainStreet Finance

 

 

“Thanks so much for your recent posting of the MainStreet Finance Press

Release,” John Kruse said in his e-mail.” We have been buried with calls and
interest pertaining to the different products that we are starting to offer to
the leasing market.





John Kruse



 

Kruse is Vice President of Business Finance and Managing Partner with
MainStreet. He is very well-known in the leasing industry, contributing

both time and support to several leasing associations. He presently

serves on the board of directors of the United Association of Equipment

Leasing

 

 

“There is definitely a strong interest in other forms of finance products

that these companies can market back to their existing customers and

prospects, “ he explains about his new company. ” There is also an even
stronger, obvious, interest in adding more profit to the bottom line without
adding any additional overhead.

 

“The Company will be delivering their services through marketing and service
relationships with independent CPA firms, small banks, equipment finance
companies and manufacturers who focus on service to small business owners.

 

MainStreet is the brainchild of Jim Brady, Cliff Monlux and Kruse, who together
represent over 40 years of experience working in the specialty finance market.
MainStreet is exceptional in offering access to several forms of financing from
a number of different lenders across the US through one highly efficient central
service point.

 

The idea is to help equipment leasing finance companies leverage their marketing
investment for more revenue and stronger client relationships, introducing other

products and acting as intermediaries for additional fee benefit plus service

to their customers.

 

 "Companies that currently offer only equipment leasing and loans can now offer
other forms of financing to their lessee customers with minimum additional cost
and significant upside revenue potential,"  Kruse explains.  With their
contacts, information, experience, MainStreet can increase yields, fees, and
help maintain

their customer base by offering more financial services..

 

 “l am  very fortunate to be working with Jim Brady and Cliff Monlux again,” 
Kruse says.” It's refreshing to work alongside partners who

you can trust and who's interest lies in creating quality products that

offer true value to the customer.  Much like the early days of System 1.”

 

System 1 was the software product and company name which started in 1995, which
took both the broker and small to medium lessor/discount marketplace by storm. 
It was first introduced for a nominal dollar amount at leasing conferences, then
part of a package for joining leasing associations, with the two fold process of
getting the first version out and working, and tying companies into a yearly

contract for maintenance plus upgrades. As the company developed more
“sophisticated programs, the company name changed in 1999 to CapitalStream. The
System 1 Software name changed to 'Advantage', as it is today.  The company was
spun off to Jim Buckles, who manages it today. 

 

Cliff Monlux and John Kruse started System 1 with Jim McCommon’s company

Beta number one (see the 1995 Picture from past above this story).  Kruse met
Jim Brady when he was at MetLife Capital where he purchased our System 1
product.   After GE purchased and subsequently closed MetLife Capital. Brady
became vice-president of Marketing at CapitalStream.  Jim was at CapitalStream
for approximately 2.5 years.

 



Jim Brady

 

"MainStreet is all about finding credit for small business," said Jim Brady,
Senior Managing Partner of MainStreet Finance. "We work with our service
partners, namely CPAs, banks and other channels to define the credit needs of
their clients and help them quickly find and qualify for appropriate financing
at competitive rates" added Brady.

 

MainStreet offers their channel partners the benefit of personal advice and
assistance in serving their clients as well as convenient online access to
information, qualification tools and application forms.

 

"MainStreet represents an innovative approach to the challenge of small business
credit in a number of ways" said Cliff Monlux, co-Senior Managing Partner of
MainStreet. "Foremost is the idea of using professional channels for more
efficient access to the small business client" added Monlux.

 



Cliff Monlus

 

More about the management of this company, with telephone numbers and

other information is available at:

 

http://www.mainstreetfinance.com/managementteam.php

 

Jim Brady, Senior Managing Partner, can be reached at

(866)889-6886 Ext. 230

jim@mainstreetfinance.com

 

 

John Kruse

jfk@mainstreetfinance.com

(425) 889-6886, ext. 224


 


 

 

    Pictures from the Past---2002---Rick Wilbur/Jim Buckles

 



 

 

The famous Rick Wilbur of MediCap-lessor/discounter/superbroker/broker/

bon vivant with System 1/Software Expert Jim Buckles.

 

“The handsome young man in the middle is my son Carey who is also my partner. I
have no idea what we were doing there because I'm old forgetful. Carey on the
other hand was probably trying to learn more about the capabilities of Capital
Stream.

 

“I think the industry is beginning to catch it's collective breath and

business is getting much stronger. Our volume is increasing and the quality

of credit appears to be getting better.

 

 

Rick

 

--

From Jim Buckles--

 

“The picture was taken at the NAELB Regional Conference in Marina Del Rey

last November. I was discussing the latest features of Advantage version

2.0 (the successor to the System 1 software program) with Rick & Carey

Wilbur. This version will be available Q2 of this year and I will be

showing a "sneak peak" in Chicago for the NAELB National Convention 3/19 -

23. A free training session on 2.0 and a general discussion of Advantage

and alaQuote will be available to convention attendees on Thursday 3/19 from

1pm - 5pm.

 

“Since leaving CapitalStream 2 years ago and forming Preferred Broker

Solutions, I have been very fortunate to bring aboard two previous System 1

people. "Technical Guru", Trevor Thompson and "Developer Extraordinaire"

Tom Wynne. Both people have been a terrific asset to our company and have

allowed us to grow rather rapidly, keeping up with the constant demand of

offering superior software and the best possible customer support available

to the Leasing Community.

 

“We are experiencing a very steady growth with our Advantage customer base as

well as subscribers to our alaQuote program. alaQuote is our web based

quoting tool that furnishes a private label Lease Calculator, Custom Quote

Letter, Credit Application and Credit Release form which feeds application

data into Advantage. This program is extremely easy to use and furnishes a

professional web presence to any Leasing Professional's web site as well as

a private label offering to their vendors.

 

“The industry is definitely in a regroup and reorganize phase at the moment.

This is nothing new, we just haven't experienced this, at this depth, in a

long time. The upswing is inevitable. This is a great time to review how

we are all doing business, trim the fat, increase efficiencies, target new

markets and get moving. There is no doubt that some companies are still

doing deals, while others are just waiting for something to happen. These

times, you have to make it happen!

 

Jim Buckles

jimb@pbs4u.com

--------------------------------------------------------------------------------------------

 

 


HOUSING STARTS HIGHEST LEVEL 17 YEARS/ ECONOMIC FORECAST

 

“We need a significant increase in business investment to support stronger job
creation before the economy can sustain trend growth.   That will be a challenge
with the current trends in job outsourcing (globalization impact) now spreading
to white collar and professional jobs.  Additionally, productivity increases ,
made possible by the significant business investments made in the latter part of
the 1990’s, are still paying off, thus allowing businesses to produce more with
fewer employees. “

 

Here is the full report:

 

 


JULY STARTS WERE EXPECTED TO PULL BACK SOME AS INTEREST RATES (30 YEAR FIXED AS
REPORTED BY FREDDIE MAC) REACHED 6.24 PER CENT, UP A FULL PERCENTAGE POINT FROM
THE 5.21 PERCENT THAT PREVAILED IN JUNE.  STARTS WERE UP 1.5 % TO 1.872 MILLION
(SAAR) WHILE SINGLE FAMILY (SF) WAS UP A STRONG 1.9% TO A VERY RESPECTABLE 1.521
MILLION (SAAR).    THE MORE VOLATILE MULTI FAMILY (MF) SECTOR FELL A MODEST 0.6%
TO .351 MILLION (SAAR).  PERMITS, AN INDICATOR OF FUTURE ACTIVITY, WERE OFF 2.4%
TO 1.78 MILLION (SAAR).   REGIONALLY, STARTS WERE UP IN ALL AREAS G EXCEPT THE
WEST WHICH FELL ALMOST 14%.

 

 



 

Analysis and outlook:  Housing starts reached their highest level in 17 years as
residential construction activity was not affected by the recent rise in
mortgage rates.  Mortgage rates have been moving up in recent weeks, driven by
significant gains in 10 year Treasury yields, which are rising because the bond
market believes the U.S. economic recovery is gaining strength. 

 

As pointed out to me by a friend and fellow Forest Service colleague (Dr.Henry
Spelter), housing is “the Arnold Schwarzenegger of the economy”.  It remains one
of the few bright spots in an otherwise lethargic economy.  The main concern
going forward is whether housing will remain healthy enough to provide the rest
of the economy needed support in its quest to return to trend growth (non
inflationary rate of growth) of about 3% or more.  We need a significant
increase in business investment to support stronger job creation before the
economy can sustain trend growth.   That will be a challenge with the current
trends in job outsourcing (globalization impact) now spreading to white collar
and professional jobs.  Additionally, productivity increases , made possible by
the significant business investments made in the latter part of the 1990’s, are
still paying off, thus allowing businesses to produce more with fewer employees.

 

As we mentioned in last months’ housing report, current construction activity is
running about 100,000 units per year above demographically supported
“sustainable demand”. The bottom line is that housing can’t continue at the
current pace, and eventually starts will trend down toward more sustainable
levels.  That may not happen for awhile longer, but sooner or later, it will.  
As the economy improves, interest rates will continue to trend upward, and this
will negatively impact affordability, and nudge housing closer to trend levels. 

 

 

 

            US HOUSING STARTS       MILLIONS - SEASONALLY  ADJUSTED  ANNUAL 
RATE (SAAR)                           July June % CHANGE         Revised        
                  U.S. TOTALS:                   STARTS 1.872 1.845 1.5%  

 

PERMITS 1.780 1.823 -2.4%               SINGLE FAMILY         STARTS 1.521 1.492
1.9%  

 

PERMITS 1.423 1.427 -0.3%               MULTI FAMILY         STARTS 0.351 0.353
-0.6%     PERMITS 0.357 0.396 -9.8%                                            
  STARTS AND PERMITS         BY REGION:                   NORTHEAST        
STARTS 0.194 0.163 19.0%  

 

PERMITS 0.160 0.158 1.3%                 MIDWEST         STARTS 0.372 0.352 5.7%
 

 

PERMITS 0.359 0.379 -5.3%               SOUTH         STARTS 0.872 0.826 5.6%  

 

PERMITS 0.805 0.843 -4.5%               WEST         STARTS 0.434 0.504 -13.9%  
  PERMITS 0.456 0.443 2.9%  



 

sent by:

Carl Villella, CLP

Acceptance Leasing and Financing Service, Inc.

1004 Sanlin Dr.

Moon Township, Pa. 15108

412-262-3225 Phone

800-586-0048 Fax

CVillella@msn.com

 

---------------------------------------------------------------------------------------------

 

#### Press Release ###############################################

 

Sunrise Int. Net Income Up 39 Percent Year-to-Date

 

GOLDEN VALLEY, Minn.,  -- Sunrise International Leasing Corporation (SILC), a
wholly owned subsidiary of privately held King Capital Corp., today announced
financial results for the second quarter ended June 30, 2003.

 

For the quarter, SILC reported revenues of $13.9 million, compared to $31.7
million for the comparable 2002 period.  Second-quarter net income increased 9
percent to $3.7 million from $3.4 million for the prior-year period.

 

For the six months ended June 30, 2003, SILC reported revenues of $34.4 million,
compared to $67.6 for the comparable 2002 period.  Net income increased to $8.5
million for the six-month period, up 39 percent from $6.1 million in 2002.

 

Although revenues are down significantly in the current year due to adverse
economic conditions and a worldwide decrease in capital spending, SILC continues
to record strong net income primarily as a result of a high level of lease
renewals, improved margins on the sale of used equipment and reduced expenses. 
Also, SILC's credit loss experience has consistently improved over the last
several quarters, having a positive impact on provisions for losses.

 

The company remains debt free on its portfolio of nearly $100 million in gross
earning equipment.  SILC has experienced substantial levels of free cash flow,
allowing the company to aggregate a portfolio of over $60 million in cash and
investments.  SILC is strategically managing this portfolio to ensure that it
provides adequate yields and remains liquid enough for the company to capitalize
on its new business ventures, which include a newly formed second placement
division that actively solicits established, third-party lessors and captive
leasing companies to refer lease transactions and lease lines of credit with
companies that have limited credit options.

 

Outlook 

 

Consistent with the prior quarter, SILC experienced a modest increase in lease
originations and expects this trend to further accelerate into the next quarter
and to improve substantially in 2004 due to the implementation of major vendor
programs that are currently being negotiated.  However, the company reiterated
that it expects 2003 full-year revenues to be substantially lower than the
$117.4 million recognized in the previous year.

 

SILC is actively searching for business partners that can benefit from the
company's unique, highly successful vendor program business model, its
customized information systems and unmatched servicing capabilities.

 

About Sunrise International Leasing Corporation 

 

SILC's business consists primarily of developing and implementing customized
lease and rental programs for vendors of high technology and related equipment
and is becoming a major financing source for second placements.  SILC also is a
national major reseller of high-quality, off-lease used Sun and Cisco equipment
through Redirect Tech, its remarketing subsidiary.

 

About King Capital Corp.

 

King Capital Corp., established in 1975 and based in Golden Valley, Minn.,
offers a wide range of leasing options to manufacturers, distributors and
resellers through its primary subsidiary, SILC, as well as high-availability
software through H.A. Technical Solutions, LLC.

 

#### Press Release ####################################################

------------------------------------------------------------------------------------------


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------------------------------------------------------------------------------------------------

 

Sobig virus spreads quickly by e-mail, clogging inboxes

 

We have received at Leasing News over a dozen  “Sobig” on Tuesday.  Our
PC-cillin blocked it, but for one day, would rate it high, and spreading.  We
rate worm Klenz the most active, as we get a half dozen a day.  Here is how
PC-Cillin ranks them:

 

http://www.leasingnews.org/virus.htm

 

  About Sobig---

 

http://www.stltoday.com/stltoday/business/stories.nsf/Business/DDF432AB325DA8F186256D880012F
732?OpenDocument&Headline=Sobig+virus+spreads+quickly+by+e-mail,+clogging+inboxes+

 

#### Press Release###############################################

 

Mark Lane New CEO at Synovus

 

ALBANY, Ga.----Synovus (NYSE:SNV), the parent company of Security Bank and Trust
Company, has announced the naming of Mark James Lane as the bank's new Chief
Executive Officer.

 

"This is a great day for Security Bank and Trust and the entire Synovus family,"
said Walter M. "Sonny" Deriso, Jr., Synovus Vice Chairman. "Mark is committed to
the success of our company through team member development, shareholder value
and customer loyalty. His passion to this company is contagious, and we will
benefit from his guidance as Security Bank and Trust's Chief Executive Officer."

 

Mark is a graduate of Florida State University with a degree in Finance. During
his career with Columbus Bank and Trust Company from 1989 - 1999, he held
various positions in branch management, credit analysis and commercial lending.
In 1999, Mark was named President and CEO of Quincy State Bank, also a Synovus
affiliate bank located in Quincy, Florida.

 

Mark has been active in the Quincy, Florida community as President of the
Chamber Foundation and Director of the local Chamber of Commerce. He is a member
of the Quincy Chapter Rotary Club and the Florida Banker's Association.

 

Synovus (NYSE:SNV) is a diversified financial services holding company with more
than $21 billion in assets based in Columbus, Ga. Synovus provides integrated
financial services including banking, financial management, insurance, mortgage
and leasing services through 40 affiliate banks and other Synovus offices in
Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment
processing through an 81-percent stake in TSYS (NYSE:TSS), the world's largest
third-party processor of international payments. Synovus is No. 9 on FORTUNE
magazine's list of "The 100 Best Companies To Work For" in 2003. See Synovus on
the Web at www.synovus.com.

 

CONTACT:

 

Synovus, Columbus

Media Relations

Aimee Davis, 706-644-0528

 

### Press Release ########################################################

 

FleetBoston Financial Declares Regular Dividends on Common Stock and Series VI
and Series VII Preferred Stock

 

 

BOSTON---The Board of Directors of FleetBoston Financial today declared a
regular quarterly dividend of

 

$.35 per share on its common stock. The dividend will be payable on October 1,
2003 to shareholders of record on September 3, 2003.

 

The Board of Directors also declared a regular quarterly dividend of $.84375 per
depositary share on the corporation's Series VI 6.75% Perpetual Preferred Stock
(FBF PrG). The preferred stock dividend for this issue will be payable on
October 15, 2003 to shareholders of record on October 1, 2003.

 

In addition, the Board of Directors declared a regular quarterly dividend of
$.825 per depository share on the corporation's Series VII Fixed/Adjustable Rate
Noncumulative Preferred Stock. The preferred stock dividend for this issue will
be payable on October 1, 2003 to shareholders of record on September 15, 2003.

 

FleetBoston Financial is the seventh-largest financial holding company in the
United States, with assets of $197 billion. The company's principal businesses,
Personal Financial Services and Commercial Financial Services, offer a
comprehensive array of innovative financial solutions to 20 million customers.
Through its Personal Financial Services franchise, Fleet offers retail banking,
wealth management and investment services, nationwide brokerage, credit card and
consumer lending services. These services are available through approximately
1,500 branches and more than 3,400 ATMs in the Northeast; through Fleet
HomeLink(SM) online banking, one of the nation's leading online banking
platforms; and through telephone banking. Fleet is the leading small business
services and commercial banking provider in the Northeast. Fleet's Commercial
Financial Services Division provides commercial lending, syndications, capital
raising and advisory, leasing, cash management, asset-based finance, foreign
exchange and interest rate derivatives to clients. FleetBoston Financial is
headquartered in Boston and listed on the New York Stock Exchange (NYSE:FBF) and
the Boston Stock Exchange (BSE: FBF).

 

CONTACT:

 

Media Contact :

FleetBoston Financial

James E. Mahoney, 617/434-9552

or

Investor Contact :

FleetBoston Financial

John A. Kahwaty, 617/434-3650

 

#### Press Release #######################################################

 

                                         Leasing Industry Help Wanted

Escondido, CA: Lease broker office looking for Lease Coordinator/Office Manger:
process credit, submit to banks,documentation/follow-up; answer phones/manage
files.Leasing experience important. please send resume
to:stantonleasing@sbcglobal.net or fax to (760) 738-1910



Proven sales producers wanted for 25 yr old co.looking to open new branch
offices across the country.
Top comm and backroom support.. john@odysseyequipfinance.com

--------------------------------------------------------------------------------

About the Company: www.odysseyequipfinance.com

 



Credit and Documentation Administrator Fastest growing lessor in USA (Wayne, NJ
location) needs lease administrator to assist with credit investigation,
documentation preparation and interfacing with territory Managers. Good benefits
and salary commensurate with experience. Contact: Duane E. Rouba @ 800-848-7210
X 222.

--------------------------------------------------------------------------------

About the Company: www.leasingpartnerscapital.com



 

 

------------------------------------------------------------------------------------------

 

 

Amex Cheers a Strong First Half of Year

 

U-S Banker Weekly Bulletin

 

The American Stock Exchange had a busy and productive first half of the year,
when the Amex Composite Index rose 18 percent during this period, outperforming

nearly every exchange index composite. During the first half, the firm also
launched eight closed-end funds, valued at more than $4 billion, and 31 new
companies.

Daily volume of Amex-listed stocks rose 16 percent over the same period in 2002.
Officials underscored that a previously announced deal is on track with GTCR

Golder Rauner, a private equity firm, to acquire Amex from the NASD. The $110
million deal is expected to close by the end of the year.

 

 

News Briefs

 

 

 

  HP's 3Q Earnings Miss Expectations

       http://www.washingtonpost.com/wp-dyn/articles/A17308-2003Aug19.html

       http://www.nytimes.com/2003/08/20/technology/20HEWL.html   

       http://www.bayarea.com/mld/mercurynews/business/6570652.htm

 

Apple rolls out 64-bit Power Mac G5 computers

Faster microprocessors mark breakthrough for desktop users

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/08/19/BU247698.DTL&type=business

 

Budget deficit hits $54.2 billion in July

http://www.signonsandiego.com/news/business/20030819-1453-federaldeficit.html

  

AirTran is going to San Francisco

http://ads.specificpop.com/code?pid=303&gid=17&rid=145481734&dom=20&dow=3&hod=0

 

         California Nuts Briefs---

 

             Job on the Line, Davis Promises to Fight Recall

             http://www.nytimes.com/2003/08/20/national/20RECA.html?hp

 

            Davis attacks recall as Republican power grab

           
http://www.signonsandiego.com/news/politics/recall/20030819-1904-ca-davisrecall.html

 

      Text of Gov. Gray Davis' speech at UCLA

http://www.bayarea.com/mld/mercurynews/news/local/states/california/northern
_california/6571303.htm

 

 

             Arnold Takes to the Airwaves with 60 Second Commercial

             http://www.nytimes.com/2003/08/20/national/20SBOX.html

 

Schwarzenegger ad slick, short on specifics

http://www.bayarea.com/mld/mercurynews/6572507.htm

 

     Bustamante's budget relies on old ideas, big changes in state law   
http://www.bayarea.com/mld/mercurynews/news/local/states/california/northern_
california/6570797.htm

 

 

 

   

             This Day in American History

 

    1619- The first Black slaves brought by the Dutch to the colony of
Jamestown. The colonists desperately needed workers for the tobacco crop. 
Europe was becoming “addicted “ to snuff and smoking tobacco in a pipe,
inhaling. The Indians had introduced the colonies to tobacco, who were learning
to grow and dry it. Europe was “mad” for the smoke and snuff for gentlemen. John
Rolfe writes in his diary, “About the last of August came in a dutch man of
warre that sold us twenty negars”

http://www.tobacco.org/History/Jamestown.html#aaBlacks

http://www.apva.org/history/

http://www.nps.gov/colo/Jthanout/AFRICANS.html

    1704- the first underground sewer in Boston was constructed by Francis
Thrasher, at his own expense. The move led to municipal regulations governing
disposal of refuse and garbage. By 1710, the selectmen of Boston were giving
licenses to private citizens for digging up streets for sewer construction.  Now
you may not think this is a big deal, but think how waste

was removed in this time, most often just thrown raw into the streets.

    1785- Oliver Hazard Perry, American naval hero, born at South Kingston, RI. 
Best remembered is his announcement  of victory at the Battle of Lake Erie,
September 10, 1824: “We have met the enemy, and they are ours.”

http://www.publicbookshelf.com/public_html/The_Great_Republic_By_the_Master_Historians_
Vol_III/Commodore_c.html

    1794 Major General “Mad” Anthony Wayne routs Indians at Fallen Timbers, Ohio

http://www.heidelberg.edu/FallenTimbers/FTCommemorate.html

    1813-African-American Richard Allen chairs the first National Negro
Convention in Philadelphia.

   1833- Benjamin Harrison, the 23rd president of the US, born at North Bend,
Ohio.  He was the grandson of William Henry Harrison, 9th president of the US. 
His term of office 1889-1893, was preceded and followed by the presidential
terms of Grover Cleveland ( who became the 22nd and 24th president ).

   1845-Wilberforce University established in Ohio, 1856

    1866- the newly organized National Labor Union called on Congress to mandate
an eight-hour workday.   http://memory.loc.gov/ammem/today/aug20.html

    1867-Anson Mills, brevet lieutenant colonel in the Army, Fort Bridger, UT,
was granted a patent for a new cartridge belt.  Moisture had previously affected
cartridge belts.  Mills invented a woven cartridge belt, and the machinery for
making it, which was adopted by both the army and Navy.

      1905 –Jazz Trombonist/singer Jack Teagarden Birthday

http://www.redhotjazz.com/tea.html

http://teagardenonline.com/bio01.htm

    1911- “This message sent around the world,” sent at 7pm from the New York
Times

and received back at 7:16:30pm, traveling over 28,613 miles via 16 relay
stations

to become the first telegraph message sent around the world.  It was the front

page headline and quite an event for its era.

     1912-After the Japanese beetle invaded the East Coast and other diseases
were affecting agriculture, Congress passed a quarantine law for plants,
directed against dangerous plant diseases and injurious insect pests “ new to or
not theretofore widely prevalent or distributed within and through the United
States.”  Plants that could transmit white-pin, blister rust or potato wart, and
plants that might harbor the Mediterranean fruit fly, were immediately
affected.  Other species before the turn of the century

had been affected, such as the “mighty American chestnut oak” that dominated the
Northeast was basically extinct by this date.
http://ncnatural.com/NCNatural/trees/chestnut.html

    1920- the first radio station to be licensed was 8MK, owned by the Detroit
News, which began later instituted daily service with the program, “ Tonight’s
Dinner.” The call letters were changed later to WWJ.

    1924-Birthday of Jim Reeves, country music start, born at Galloway, Panola
County, TX, and died at Nashville,TN, July 31,1964, when the single-engine plane
in which he was traveling crashed in a dense fog. Reeve’s biggest hit was “He’ll
Have to Go.” (1959) and he was inducted into he Country Music Hall of Fame in
1967.

    1926-Birthday of trombonist Frank Rosolino, Detroit, MI.

http://www.jazzcanadiana.on.ca/_ROSOLINO.htm

http://www.ita-web.org/competitions/rosolino/

   1927-Birthday of guitarist Jimmy Raney, Louisville, KY.

    1931-Birthday of drummer Frankie Capp,Worcester, MA.

http://www.centrohd.com/biogra/c2/frankie_capp_b.htm

    1942-University of Chicago scientist Glen Seaborg and his colleagues first
weighed plutonium, the first man made element.

    1942-Birthday of pianist/composer Isaac Hayes, Covington, TN

    1944-Birthday of drummer Terry Clarke, Vancouver, British Columbia.

    1945- Tommy Brown of the Brooklyn Dodgers became the youngest player in
major league history to hit a home run when he connected against pitcher
Preacher Roe of the Pittsburgh Pirates. Brown was 17 years, eight months and 14
days old.

    1945-Woody Herman Band records “Bijou.”

    1954-Meteorologist/chef/author bon vivant Al Roker born Brooklyn, NY.

http://www.alroker.com/bio.cfm

http://www.alroker.com/main.cfm

http://www.msnbc.com/onair/bios/a_roker.asp

   1955---Top Hits

Rock Around the Clock - Bill Haley & His Comets

Hard to Get - Gisele MacKenzie

The Yellow Rose of Texas - Mitch Miller

I Don’t Care - Webb Pierce

   1960- Connie Francis began work on her first movie, "Where the Boys Are." She
also starred in the sequel, "When the Boys Meet the Girls."

    1963---Top Hits

Fingertips - Pt 2 - Little Stevie Wonder

Blowin’ in the Wind - Peter, Paul & Mary

Judy’s Turn to Cry - Lesley Gore

Ring of Fire - Johnny Cash

   1966-The thoroughbred Buckpasser, owned by Ogden Phipps, won the Travers
Stakes at Saratoga to become the first 3-year-0ld to pass the $1 million mark in
career earnings.
    1967-the New York Times reported on a new noise-reduction system for album
and tape recording developed by R. and D.W. Dolby. First used by a subsidiary of
Elektra Records, the Dolby noise reduction system became the industry standard.

   1969 - Andy Williams received a gold record for the album "Happy Heart" on
Columbia Records.

   1971---Top Hits

How Can You Mend a Broken Heart - The Bee Gees

Mr. Big Stuff - Jean Knight

Take Me Home, Country Roads - John Denver

I’m Just Me - Charley Pride

   1971- Texas Instruments, Dallas, Texas introduced the first electronic pocket
calculator.  It weighed about 2.5 pounds and cost $149.  It could add, subtract,
multiply, and divide,

displaying the results in an LED ( light-emitting diode) window.

   1976-Gordon Lightfoot's "The Wreck of the Edmund Fitzgerald," about an ore
carrier which sank on Lake Superior, was released as a single. The song, from
the album "Summertime Dream," made it to number two on the Billboard Hot 100

    1977 - The song "Best of My Love", by the Emotions, topped the pop charts.
It had a number one run of four weeks.  http://www.70disco.com/emotions.htm

http://www.grooveentertainmentinc.com/emo.htm

    1978-After 37 consecutive years, the Stan Kenton Band folds. “Peanut
Vendor.”

http://www.gemlimited.com/kenton.htm

   1979---Top Hits

Good Times - Chic

My Sharona - The Knack

The Main Event/Fight - Barbra Streisand

Coca Cola Cowboy - Mel Tillis

   1986 - U.S. Census Bureau officials reported that the U.S. population stood
at 240,468,000 and the median age reached an all-time high of 31-1/2 years.

   1987---Top Hits

I Still Haven’t Found What I’m Looking For - U2

Who’s That Girl - Madonna

Luka - Suzanne Vega

A Long Line of Love - Michael Martin Murphey

    1989- About 20,000 people ended a week-long 20th anniversary celebration of
the Woodstock Festival at the festival's original site near Bethel, New York.
They left behind a mountain of mud and empty beer cans. The unsanctioned
gathering had only one serious incident - a stabbing. Folksinger Melanie was the
only Woodstock veteran to show up. She performed from a makeshift stage.

     1993---Top Hits

Can t Help Falling In Love (From "Sliver")- UB40

Whoomp! (There It Is)- Tag Team

I m Gonna Be (500 Miles)- The Proclaimers

Slam-Onyx

   1998- At Shea Stadium, Cardinal first baseman Mark McGwire becomes the first
player in major league history to hit 50 home runs in three consecutive seasons.
Mac's seventh inning solo shot helps to defeat the Mets, 2-0.
    2000 - Tiger Woods won the 82nd PGA Championship in Louisville, Kentucky.
Woods birdied the last two holes in regulation and won the championship in a
playoff over Bob May, becoming the first player since Ben Hogan in 1953 to win
three majors (Masters, U.S. Open, British Open) in one year. He was the first
player to win back-to-back PGA championships since Denny Shute in 1936 and 1937.

     2000 -The winningest pitcher in franchise history is honored by the Yankees
during Whitey Ford Day ceremonies at Yankee Stadium. The crafty lefty holds the
team record for victories (236) , innings pitched (3,170 1/3), strikeouts
(1,956) and shutouts (45).

     2002 -A judge issues a temporary restraining order preventing the sale of
Barry Bonds' 600th career home run ball hit into the Pacific Bell Park stands on
August 9. Jay Arsenault, who allegedly promised friends after being given a game
ticket to split any monetary gains if he caught the historic baseball, has been
ordered to appear in court for hearing on September 5 along with the prized
souvenir.

     2002---Top Hits

Dilemma- Nelly Featuring Kelly Rowland

Hot In Herre- Nelly

Complicated- Avril Lavigne

Just A Friend 2002- Mario

 

 

 

 

Note from the editor:

 

Carl Moberg is a wireless provider of equipment, camera’s, broadcast, and other

equipment across the United States, who’s business has grown, and from the
beginning maintained  offices and shipping facility here, originally trading it
out for work on our internet server and mail server, plus providing other
expertise. When Maria Martinez-Wong is out sick, or on vacation, as she is this
week, he converts the text to html, posts it

to the website and sends to our HTML readers.  While he has much knowledge

on this, it no longer is his main work, but he is picking up speed.  He also

comes in at 9am, whereas Maria comes in at 7am just to post Leasing News.

Give him another day, and he will be quite up to speed.  Maria is back

on Monday, and I think Carl is looking forward to it.

---------------------------------------------------------------------------------

 









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