Docstoc

Harmon on His Way Back

Document Sample
Harmon on His Way Back Powered By Docstoc
					  Equipment Sales Representative

Equip. Leasing Sales Rep: Strong sales and bus. dev. skills
needed. Dev/manage portfolio, initiate bus. in upper Midwest .
3-4 yr leasing exp. www.associatedbank.com or e-mail:
abmil@associatedbank.com About the Company: Associated
Banc-Corp is a diversified multibank holding co., w/ $15.5
billion in total assets. Headquartered in Green Bay, WI .
Associated has
more than 200 banking locations
across WI, IL and MN.


Headlines---

Classified Ads-Asset Management
            Economic Events This Week
              Harmon on His Way Back!!!
       Two Bulletin Board Complaints
            ---Union Capital, Irvine, California
         Complaint Bullletin Board Postings
     Archives—June 1,2001---Tyco Purchases CIT
         NEC Financial Services Selects eCredit
           Fitch Downgrades DVI Securitizations
             Classified Ads---Help Wanted
              News Briefs---
               Sports Briefs----
                “Gimme that Wine”
                  This Day in American History
                      Baseball Poem



######## surrounding the article denotes it is a “press release”


        Classified Ads-Asset Management

Asset Management: Austin, TX. 20+ years exper. lease/finance. P & L
responsibility, strong credit & collection management, re- marketing&
accounting. Computers, construction, auto & transportation. Both
commercial/ consumer portfolios. Email: kmalone@austin.rr.com

Asset Management: Bloomfield Township, MI.
15+ yrs experience asset management and credit analyst.
Leadership and training skills. Audited returns, max residual, lease end
and resale negotiator.
E-mail: cmcozzolino@msn.com

Asset Management: Chicago, IL. MBA, 15+ years exp. Long history of
success in maximizing residual position through outstanding negotiation
skills & lease contract management. Third party re-marketing,
forecasting etc... email:jgambla@aol.com

Asset Management: Oxnard-Hollywood Beach, CA.
19 Years w/Equity Analysis/Placement and Residual Forecasting of
Computer Assets. Portfolio Manager for Two Major Lessors and Strong
Analyst Background w/Leading Information Services Firm.
email: GregoryMLorenz@aol.com

Asset Management: Princeton, NJ.
Asset management/credit/collection
20+ years experience in equipment financing. Last five years in Asset
Management including remarketing, end of lease negotiations,
equipment and market evaluations E-mail: bgaffrey@earthlink.net

  To view 117 Job Wanted ads, please go to:

http://64.125.68.90/LeasingNews/JobPostings.htm

  Leasing News helps people find work. We have many testimonials.
 Don’t give up hope. We apologize for e-mails from “super brokers”
 or others soliciting you to work for “free.” You never know what
 will happen, but remember: “Activity leads to Activity.”
 This was my father’s advise when I was looking for a job and
  it worked. I took a job I didn’t really want, but needed the money,
  and it changed my luck. Editor.

  To place a “free” ad, please go here:
http://64.125.68.90/LeasingNews/PostingForm.asp



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

 Economic Events This Week

 Tuesday
June 1
   Construction Spending: April

 June 3
  Thursday
U.S. Productivity: First Quarter
Factory Orders: April
Weekly Jobless Claims

  June 4
Friday
    Unemployment: May
--------------------------------------------------------------------------------

             Harmon on His Way Back!!!

 El Camino Resources in Woodland Hills, California, was one of the
largest independently owned leasing companies in 2000. It had 1300
employees with over $50 million a month in originations with more than
$1.3 billion in assets installed on four continents, as well as technology
services in both the U.S. and Europe. Dave Harmon was one of the
founders of the company and was instrumental in its growth that was
accomplished over a twenty year period.

In the year 2000 the El Camino’s bank lines were pulled with the
company being forced into liquidating at any costs to repay the lines.
Harmon worked to repay the obligations and was successful in doing so
without totally closing the company.

Today he is on his way back up with 50 employees today, specializing in
high technology again, director leasing, looking at repeat customers, his
direct salesmen bringing in accounts, and selective brokers for “fair
market value” leases over $150,000.

Much of El Camino’s business today comes from Mexico, where Harmon
started to re-build his portfolio. He specializes in Latin America, but
wants to get back into the “operating lease” marketplace in the US..

El Camino specializes in technology and is looks for companies that are
dependent are dependent on it. Part of the universe is companies, such
as internet providers, software developers as well as users with global
requirements.

El Camino provides financial and technical service offerings to business
enterprises in the United States, Mexico and selective other countries in
the Americas. In addition to its lease financing activities, El Camino
also provides new and used IT equipment where appropriate.

Their website, www.elcamino.com , states:
“El Camino Resources gives you choices in client device selection,
hardware support, financing and asset management. We help you plan
client strategy based on current and expected needs, the state of the
hardware and software industries, current and emerging network
technologies, budget and the skills of your end users. If you prefer one
or a few particular vendors, that's fine with us. We are totally vendor
independent. If you need information about our field experience with a
large range of client terminals, please just ask.”

“It has taken me three years to ramp it back up again, “ Harmon says. “
It has been a to repay all of the banks from a shrinking asset base.
Restarting the leasing is also taking a good deal
of work in that the IT leasing business has changed with a diminished
volume of good business remaining available to the independent lessor.
It is now a business of looking at and making very selective credit
decisions. By that I mean ones that
make sense, and if not, collateralize them.”

He says he has very good lines with key banks for transactions,
particularly in Mexico.
He wants to stay independent.

The keys to his success?

“Work hard,” he answered. “Have sales people that make great
relationships with their customers, and who do it right...treat the
customer right. Explain the economic benefits and find different ways to
develop transactions...make it helpful for the economic benefit of the
customer.”

In Mexico, the company went through a 12-month period of reduced
activity, but is now a leader in independent leasing. ECR has forged
relationships with a number of leading banks in Mexico, and has
negotiated several bank lines for leasing in excess of $20 million, as
well as other partnering facilities. In calendar year 2003, the Mexican
operation achieved bookings for its own account of over $20 million in
new leased assets. This year, the company has extended its reach with
new partnering programs and expects to book in excess of $65 million
in new lease receivables.

David Lopez, ECR country manager, reports “Due to the fast responding
banking environment in Mexico, ECR Mexico has grown organically
without an equity infusion or financial assistance from a U.S. parent.
We expect to continue to utilize our skills and market contacts to
substantially grow ECR Mexico’s leased asset base.”
According to Harmon, “Our Mexico management team has forged strong
and deep relationships in Mexico with both our clients and financing
partners. Recently – and for the first time ever – we completed the
discounting of lease receivables in Mexico on a non-recourse basis.

“ This speaks to the strengths of our Mexico operation, its management
team, and the maturing banking system in here.”

Harmon is on his way back as he has recently announced his company
will again write leases in the U.S. His company has several banking and
investor programs under development, is in negotiations with leading
world-scale financial organizations, and expects to announce details
over the near-term future. He states his company emphasis will be the
same as during the company’s previous 20+ years of operation: to
write good leases with clients it expects to service over many years.

He is looking for good business, and new business

“We expect substantial growth in leased assets in the U.S., in concert
with partners utilizing El Camino Resource’s expertise and asset
management programs. If you have an operating transaction over
$150,000, give us a try.”


Two Bulletin Board Complaints---Union Capital, Irvine, California

  by Christopher Menkin, editor


Kathy Douke of Precision Concrete Pumping, Citrus Heights, California.
called in with the second complaint on May 20th, Thursday and followed
up with the signed agreement, copy of the check, along with this
cover letter:

“I wasn't happy to say the least, to hear your news about Union
Capital. I have ordered a copy of my check and will forward as soon as
possible. I didn't tell you one very important thing about this lease -
because Bryan and Dan and John all told my vendor "TA Pump" that the
lease would fund they released the pump to me on "good faith". I left a
$20,000.00 check (that has not been cashed) with the pump company
to show my good intentions.”

I plan on calling the Irvine Police Department today if the money does
not arrive today.

“Please advise what you think my next step should be.
“Thank you, Kathy Douke”

copy of signed proposal:
http://www.two.leasingnews.org/loose_files/Union%20Capital/Precision_Proposal_from_Unio
n_Capital.pdf


In the agreement was a clause, as in the first complaint, “ Lessee,
upon acceptance of this proposal, shall forward the Commitment Fee
to Lessor. The commitment Fee will be applied to the first & last
billing period upon lease commencement. (Here is the kicker:) In
the event that the lease fails to commence, expenses, not to exceed
Ten Percent(10%) of the equipment cost, within seven(7) business
days. Expenses and fees incurred are non-refundable.”

I had called the parties at Union Capital by telephone on Friday, and
sent e-mails. No response. In the month of placing telephone calls, I
never reached anyone but voice mails, leaving messages. Only two
calls out of the dozen or more were returned in a conference call
manner with several people talking on the other side.

This time I left a voice mail that Leasing News was printing the
complaint next Tuesday, response or no response. The second
complaint had been going on for over a month, and may be more
complicated, but this complaint from Precision Concrete Pumping was
“cut and dry.”

In less than an hour, I received a telephone call from Keith Attlesey of
Attlesey and Thomlison, who said he represented Union Capital. I told
him I was going to print the Precision Concrete Pumping complaint as
it was ready to go. He asked me to send a copy of what I had received
and would look into it. We then discussed the second complaint,
where he again brought up the agreement in the contract about the
10% expenses. Basically, I told him I did not think it would hold up in
a court of law as they would have to produce receipts
to a judge to prove the expenses. I told him I have appeared as a
“legal witness” for over thirty years in court, have seen over 500
such complaints here at Leasing News, and while I was not an
attorney, it was my experience that charging 10% as “expenses”
would not hold up in a court of law, unless you had receipts to
prove it.

He then said he thought Leasing News wanted to test this in court. I
suggested he have a good retainer. He said he didn’t need it since he
had been representing Union Capital since the year 2000, when he
“...stole the account away from Ken Greene.” He said some other
things about Ken Greene.
I advised him that Ken Greene was working on an agreement
regarding expenses, but employed by ten “sponsors,” and that while
he was on the Leasing News Advisory Board, he does not review any
story or complaint before it is printed, nor does any of the advisory
board. Furthermore, Leasing News has utilized five attorneys,
including Mr. Greene, who worked pro bono on the RW Professional
suit against us. As a point of reference, Leasing News refers calls
seeking an attorney to our web site:
http://64.125.68.90/LeasingNews/JobPostingsAttorney.htm

 As a side note, to insure there was no conflict of interest, I spoke to
Ken Greene about this, who called Mr. Attlesey, who according to Ken
Greene, denied what he had told me over the telephone.

2:01pm the same afternoon, the follow fax was received from John
Wilcox of Union Capital:


“A quick note on this complaint:
1)     Customer has received a refund.
2)     Lessee was approved (very good credit) but TA pump (collateral)
after further investigation was not approved.
3)     Customer without our consent went down to pick up equipment.
We never authorized release in writing or verbally. She put $20,000
down with the vendor to get equipment released.”

Kathy Douke told us she now had a check in the next communication,
less $750:

“First I would like to relate one really crucial series of phone calls that
occurred on Friday May 14' after Bryan Scott telling me just the day
before that our lease would fund and that he would be calling our
vendor prior to us picking up the pump to assure them that our lease
would be funding the next day.

“Friday morning (after driving 400 miles one-way from Sacramento on
Thursday evening) we arrived at TA PUMP located in Stanton, CA
(Southern California) to discover that Bryan did not call them with a
purchase order. I must have made half dozen phone calls to Bryan
Scott and to the General Voice mail on Friday to find out why he never
phoned. TA PUMP relied on my word that it was funding and made a
decision to trust me that the loan was going to fund either on that day
or the next Monday, so released our $50,000.00 custom concrete pump
to me. As a show of good faith I did leave the vendor with my check for
$20,000.00 just in case something happened and it didn't fund as
promised. When Bryan finally did call TA PUMP, he advised them not to
release the equipment to me even though I had sent them my check for
$30,313.52 which had already cleared my bank on 5 /13 /04!

This back and forth kind of conversation went on the entire afternoon
where Bryan or Dan would tell me everything was fine and then they
would turn around and tell TA PUMP not to release the equipment (they
did not know that I had already taken possession). A final conversation
between Dan and my husband at 6:00 p.m. on Friday left us with the
decision to continue pursuing the lease since they had already cashed
our $30,313. check.

“On the next Monday (the 17') I had a conversation with both Bryan
Scott and John Wilcox and they assured me that they would both call
TA PUMP to let them know that the lease would be funding that week.
Every day Bryan would call to advise me of the progress and each time
he would assure me again that the lease would fund the next day - until
Friday the 21st. That is when he told me that he would be returning my
money because he could not help me with the lease.

“Per our telephone conversation today, I am faxing you a copy of Union
Capital's "Refund/Lease Agreement" that was sent along with their
check to me in the amount
   5/25/2004 3:27 PM FROM: 916-722-3099 P r e c i s i o n Concrete Pumping TO: 1,800727-3851   PAGE: 002 OF 006



of $29,563.52. Mr. John Wilcox has provided a copy of the "agreement"
and has highlighted the areas where he believes the lease entitles them
to some kind of fee.

“Please note his reasons — 1> Lessee Withdrawal Prior to Funding.
2> Vendor Declined 3> Lessee requesting refund

“1> Bryan Scott called me on Friday 21" on or about 1:00 p.m. to tell
me that he was not going to be able to help me with obtaining a lease
so he would be refunding my "Commitment Fee" which would be mailed
the same day.
2> After I asked him why he responded as follows: Sunbridge Leasing
told him that after doing some checking discovered that our vendor, TA
PUMP was probably going to go out of business due to customer
complaints about their pumps and the fact that their just wasn't that
many of their pumps in the industry.
3> Bryan Scott told me that Union Capital would be refunding my
"commitment fee" since they were not able to help me with a lease.

“Since it was Union Capital that reneged on the agreement and not me
I feel that the total amount of $30,313.52 should be refunded. They are
not entitled to even $750 for any reason. They should be
compensating me for the torment and torture they put me
through not to mention making TA PUMP believe that it was me
that was lying to them all along.

“Union Capital should not be able to treat people this way nor should
they be able to profit from their deceit.

“If it weren't for you and Cory at Business Finance.com I don't think my
story would have turned out as good as it is and I hope that no one else
is taken advantage of by Union Capital.”

Sincerely,

Kathy Douke
Precision Concrete Company
PO Box 7087
Citrus Heights, Ca 95621
(916) 826-1719 cell or (916) 722-4499 bus. kdoukel@comcast.net

http://www.nlbcorp.com/prod-pics/350dfea.jpg
The first complaint came from David Nicol, owner of Azimuth
Pavement Markings, San Mateo, California from an incident that
started late May,2003, after they received this “pre-qualified
Equipment Line of Credit” letter:

“Based on yew recent payment history per company D&B, Union
Capital is pleased to offer a pre-qualified equipment line of credit to
Azimuth Pavement Markings in the amount of $150,000.00 (if your
requirements exceed the pre-qualified amount,, please let us know )
for upcoming equipment acquisitions.

“Some of our products and service include
-   Lease rates as low as 6.5 % (aoc)
-   Wide Range of Credit Levels Considered
-   No Age Restriction on Equipment, Terms up to 84 Months
-   Quick Approvals
-   Ready-Mix Trucks, Plants is our specialty!

“Union Capital is a leading provider business –to- business for the
construction & concrete industry. For more information, please
contact your account representative or visit, our web site and apply
online at www.unioncapital-llc.com

“Best Regards,
Bryan Gunn
Sr, Accountant Executive Construction Finance Division
bgunn@unioncapital-llc.com
800-571-8828 toll free
949-7894500, ext. 203
949-789-4508 direct fax”

A proposal was generated for $202,524:

http://www.two.leasingnews.org/loose_files/Union%20Capital/Uni
on_%20capital_proposal_July-7.pdf

A lease for $50,000 was secured with a leasing company (who’s
owner, who did not want to be quoted in print, would not consider
the $150,000” and was surprised that Union Capital would continue
to pursue the matter. The complaint centers on this part of
Union Capital’s original “approval.”

Tim Brooks, Chief Financial Officer, for NLB Corporation
http://www.nlbcorp.com/ said Union Capital did not return
telephone calls, and in the beginning they kept saying
they had an approval, but never sent a purchase order
or gave him the source of the funds. The topic of vendor recourse
never came up in any conversation with Union Capital.

“Never asked me. The topic never came up,” he said. “ If it
did, I could have done it with any of the leasing companies
we regularly work with. Why would we use them?

“In reference to the rental payments, yes, they were making
them, and the credit of the payments were part of the transaction,”
he explained. “ I never got a call from Union Capitalabout it and no
one discussed it with us. He just could not afford to keep making
the rental payments. ”

Here is a copy of the rental payment made by Azimuth Pavemement
Markings:

http://www.two.leasingnews.org/loose_files/Union%20Capit
al/rental-payments.pdf



December 4,2003 a new proposal was signed for $150,000:


http://www.two.leasingnews.org/loose_files/Union%20Capit
al/Union_%20capital_proposal_Dec-4.pdf

The proposal was sent in with the dates of performance circled and an
e-mail sent with this paragraph:

“I do not want to extend the agreement for another 40 working days
as it says in the now acceptance documents. I can only agree to this
if (the vendor) is confident that they will be paid the $150,000.00 that
is owed by me.”

A copy of the e-mail and proposal:

http://www.two.leasingnews.org/loose_files/Union%20Capit
al/Email_from_David_Nickol.pdf

From this time period, Mr. Nicol states he was never able to reach
anyone at Union Capital. They did not return telephone calls. The
vendor says they did not return telephone calls.

Bryan Gunn and John Wilcox at Union Capital deny this, first stating
the contract had not been met, meaning conditions of the proposal,
such as vendor recourse. They then said they had an approval and
Mr. Nicol never signed the contract. Mr. Nicol said he never received
a contract. The vendor was never informed a purchase order
was in the works. Union Capital did not produce a contract or the
source of their approval.

Telephone calls to Union Capital were not returned to Leasing News
and it was not until an e-mail was sent that we would print the
complaint without a statement, since it appeared they had “no
comment.” This brought a telephone conference from John Wilcox
and Bryan Gunn, who denied everything. After asking for a written
statement, they said they would get back. Another telephone
conference call was initiated by John Wilcox and Bryan Gunn, who said
they had an approval, wanted to go ahead on the lease, but Mr. Nicol
did not. Mr. Nicol said he had not heard from them and was tired
of all the promises and wanted his money back. This was conveyed
to Union Capital, who then on May 14th supplied the following:


“This letter is in response to a complaint filed by Azimuth Paving
Markings (APM). Our agreement dated December 4, 2003 will provide
clarity on what transpired on this transaction. The following is a
summary of details pertaining to the processing of this lease:

“1> Union Capital, LLC issued a check in the amount of $3,094.38 to
Azimuth Paving Markings. This refund was to be forwarded for first and
last payment on a $50,000 approval that was funded through
Amerifund. A copy of the lease documents for that transaction has
been provided for you (exhibit 1). A request for the cancelled check
has been made and we will fax that to you immediately upon receipt.

“2> A balance of $17,636.22 was maintained by Union Capital for the
lease agreement dated December 4, 2003 for a lease amount
$150,000. A copy of that agreement has also been provided for you
(exhibit 2). The lease agreement required vendor recourse, additional
financial information and additional collateral. A conditional approval
was secured on the basis of our agreement with APM. Upon
acceptance of agreement, we proceeded to complete transaction. Most
of the requirements needed to complete transaction are listed on the
first page of the agreement which APM failed to provide or execute on.
“I have attached both exhibits to this letter for your review. Union
Capital, LLC at all times performed its responsibilities required under
the agreement entered in by both parties. APM failed on many
instances to complete transaction as documented.

“In closing we would like to proceed with the transaction per last
agreement or offer a refund that both parties can agree to. We
welcome the opportunity to present our case in more detail by phone
or appointment. If you have any questions regarding this matter,
please give me a call.


“Sincerely,
John Wilcox
Legal / Accounting Union Capital, LLC 949-789-4500, ext. 201 949-
789-4501 fax”

In trying to seek a clarification of the letter, the voice mail message
identified Mr. Wilcox in the “Credit Department.”

Mr. Nicol again repeated he did not want to have anything to do with
Union Capital and wanted his money returned. He had lost two
major city contracts because he did not have the equipment, he
told us, plus the rental payments he had made on the equipment,
which was to apply toward the purchase.

Again, Union Capital said they wanted to move forward on the lease
as they had an approval as all the conditions had been met of
the proposal.

In the course of the conversation with Keith Attlesey of Attlesey and
Thomlison, he had said that Union Capital had made an offer of
a settlement. I told him according to Mr. Nicol that was not true,
but that I would act as an ombudsman and see if I could help.
He then said, ”Then you are a legal mediator.” After a few words,
he suggested I offer $8,000 to Mr. Nicol.

Mr. Nicol wanted a full refund, reiterating the jobs he had lost,
the turmoil he had been through, and anger in dealing with
this company.

After several days of trying to reach Mr. Attlesey and Union Capital
by telephone and fax, on May 25th, John Wilcox of Union Capital
responded:

“This is in response to your last fax. Yes, this is our response however
Keith Attlesy is working on the file and would like to provide a more
comprehensive analysis of file. In the meantime go ahead and print
this one:

Dated May 25,2004


“This letter is a follow-up to our previous correspondence regarding
Azimuth Paving. After further investigation on the file and events that
transpired, the following facts should provide additional clarity on this
deal:
•      The first takedown was funded for 50K, of which $3,094.38 was
forwarded back to Azimuth Paving. A check Azimuth Paving still denies
receiving. A copy of the cancelled check was faxed to you yesterday.
•      The second takedown was approved and an agreement based on
that approval was signed and initialed by Azimuth Paving on December
4, 2003. The agreement was clear and concise on the terms and
conditions of approval. Azimuth Paving backed out less than a week
later. Confirmation of this action was done by email.
•      Azimuth Paving was utilizing equipment for 9 months, refusing to
pay rental payments to the vendor violating an agreement signed with
vendor.
-      Agreement signed allowed up to 90 days to complete
transaction. Union Capital had submitted and worked on second
takedown for several months before structuring deal for approval.
•      Lessee stated to Leasing News, that calls were never returned or
communication was poor. In actuality over 25 documented phone calls
and emails were made and information required by Azimuth Paving to
be turned over, never materialized.
•      Agreement states a 10% fee based on total equipment cost
would be withheld in the event of default. This clause was initialed by
Lessee. Please see a copy of agreement for clarification.
•      Attorney for Azimuth Paving never challenged the agreement
and failed to discuss a resolution on matter. Continued...

“Union Capital would like to make the following concessions:

1)    Provide a lease on any equipment needed or
2)    Offer a refund that is fair and equitable for both parties.
“Union Capital has also forwarded this file to our General Counsel for
review. We would like to reach a resolution quickly so that both sides
can move on with business. Union Capital primary concern is funding
transactions for clients and vendors in an efficient and ethical manner.

“In closing, I would like to make some clarifications on our
conversation with you:

“We never told you verbally or in writing that we "justified" expenses
or claimed that.

We never said our expenses equaled our internal cost such as D&B,
telephone, etc.

“You stated deposit held would be "justified" for lost commission if we
had the appropriate language in our agreement. We would like to see
how that language reads in an effort to incorporate that on future
agreements.

“We wish to contact client, however per email, he wished no further
communication.

“Regardless, we will attempt this call in order to resolve this matter.
We will keep you abreast of any developments and ask that you give
us a few days to reach a conclusion.”

Sincerely,
John Wilcox
General Manager
Legal / Accounting
Union Capital, LLC 949-789-4500, ext. 201 949-789-4501 fax

The issue that Union Capital had kept more than 10% as per their
contract was not addressed. After repeated attempts by Mr. Nicol
to communicate that he did not want to do business with Union
Capital and wanted his money back, John Wilcox was continuing
to ask for additional time “to resolve this matter.”

Mr. Nicol stated:

“They never gave me the contract only the proposal and the invoice of
6/12/2003 for 1st & last payments of $5730.60 and $15,000.00 10%
pre paid P.U. T. total due $20,730.60. There proposal states that if
through no fault of mine the lease does not commence within SEVEN
DAYS that they will return my commitment fee, I sent all the doc’s to
you in order starting with there advertisement. I will mail a copy of all
of them to you today.

“ They keep on stating that they have the time to do this deal and that
I gave them another 90 days from December 12th 2003 did I miss
something it’s the end of May 2004 and I have not heard from them
since February with NO LEASE NO FINANCING NO EXPLANATION
except I signed a new deal in December.

“It’s been over 12 months..... “

-------------------------------------------------------------------------------
                   Complaint Bulletin Board Postings

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




From our Archives—June 1,2001---Tyco Purchases CIT

Tyco Purchases The CIT Group, Inc.


PEMBROKE, Bermuda, June 1 /PRNewswire/ -- Tyco International Ltd.,
(NYSE: TYC; LSE: TYI; BSX: TYC), a diversified manufacturing and
service company, announced today that it is completing the acquisition
of The CIT Group, Inc. (NYSE: CIT, TSE: CIT.U and Exchangeable
Shares: TSE: CGX.U), a leading source of financing and leasing capital
in more than 30 industries.

CIT shareholders approved the transaction on May 23, 2001. As part
of the acquisition, Tyco purchased from The Dai-Ichi Kangyo Bank
approximately 71 million shares of CIT at a price of $35.02, in cash,
per CIT share. The remaining shareholders received 0.6907 Tyco
shares for each share of CIT, or a value of $39.68 per share, based on
Tyco's May 31, 2001 closing price on the New York Stock Exchange of
$57.45 per share. The total transaction is valued at approximately $10
billion.

According to L. Dennis Kozlowski, Tyco's Chairman and Chief Executive
Officer: "We believe that the CIT acquisition will provide immediate
growth opportunities for Tyco and CIT. It is an ideal fit for Tyco and
adds great value to our businesses as part of a total package,
including financing, which we can offer customers. Like other landmark
Tyco transactions such as Kendall, ADT, AMP, Mallinckrodt, US Surgical
and Raychem, we are acquiring a premier franchise and global
platform for growth. Not only will CIT be immediately accretive to
Tyco's earnings, but it will also provide ongoing benefits to the
shareholders and customers of both Tyco and CIT. Overall, we believe
that this transaction will result in enhanced levels of organic growth,
recurring revenue, stable profitability and competitiveness across our
Tyco divisions."

Albert R. Gamper, Jr., CIT President and CEO added: "We believe that
the Tyco alliance will enhance our leadership position as an innovative
global source of financing and capital leasing. Our shareholders voiced
strong support in last week's vote approving the transaction. We are
delighted to become part of Tyco International and look forward to
realizing the many synergistic growth opportunities that now lie ahead
of us." Mr. Gamper will remain with Tyco as CEO and President of CIT
and will join Tyco's Board of Directors.

Consistent with its strategy to capitalize on synergistic opportunities
presented by the acquisition, Tyco announced that two of its leading
business units, ADT and M/A-COM have entered into arrangements
with CIT to provide financing to their qualified, credit-worthy
customers. In the case of ADT, CIT's Specialty Finance Group will offer
financing programs and tailored financing solutions in support of ADT's
more than 600,000 commercial customers. These programs will be
made available through CIT's DigitalEdge web-based origination
system.

"Our commercial customers have been asking for financing and leasing
options for years and through our new relationship with CIT, we have
the ability to quickly and knowledgeably respond to our clients'
financing needs effectively providing a higher level of customer
service," said Mike Synder, President of Tyco's ADT business.

CIT's arrangement with Tyco Electronics' M/A-COM, a world leading
developer and manufacturer of radio frequency (RF) and microwave
semiconductors, components and IP (Internet Protocol) Networks to
the wireless telecommunications and defense-related industries, gives
M/A-COM the ability to give its OpenSky Wireless IP Network
customers access to CIT's financing. According to Tyco Electronics
President Juergen Gromer: "CIT provides an excellent opportunity to
Tyco Electronics to better serve its clients by providing access to
financing capabilities in various sectors such as telecommunications
and for business in various countries. Our customers are showing
great interest."

Mr. Kozlowski concluded, "Tyco has an established track record of
success in building leadership positions. We expect the addition of CIT
will be groundbreaking in terms of new capabilities and opportunities
for Tyco as well as CIT."

About Tyco International

Tyco International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC) is a
diversified manufacturing and service company. Tyco is the world's
largest manufacturer and servicer of electrical and electronic
components; the world's largest designer, manufacturer, installer and
servicer of undersea telecommunications systems; the world's largest
manufacturer, installer and provider of fire protection systems and
electronic security services, and the world's largest manufacturer of
flow control valves. Tyco also holds strong leadership positions in
disposable medical products, diagnostic imaging, bulk
pharmaceuticals, wound closure, plastics and adhesives. Tyco operates
in more than 100 countries and has expected fiscal 2001 sales of $38
billion.

Forward-Looking Information

This release contains certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are
subject to uncertainty and changes in circumstances. Actual results
may vary materially from the expectations contained in the forward-
looking statements. The forward- looking statements in this release
include statements addressing the following subjects: future financial
and operating results; and timing and benefits resulting from the
acquisition.

The following factors, among others, could cause actual results to
differ materially from those described in the forward-looking
statements: the risk that the businesses of Tyco and CIT will not be
integrated successfully; and other economic, business, competitive
and/or regulatory factors affecting Tyco's and CIT's businesses
generally.

More detailed information about these factors is set forth in Tyco's and
CIT's filings with the Securities and Exchange Commission, including
Tyco's Annual Report on Form 10-K for the fiscal year ended
September 30, 2000 and CIT's Annual Report on Form 10-K for the
fiscal year ended December 31, 2000 and their most recent quarterly
reports on Form 10-Q. Tyco and CIT are under no obligation to (and
expressly disclaim any such obligation to) update or alter their
forward-looking statements whether as a result of new information,
future events or otherwise.

http://tbutton.prnewswire.com/prn/11690X71444428

SOURCE Tyco International Ltd.

CO: Tyco International Ltd.; The CIT Group, Inc.; The Dai-Ichi Kangyo
Bank

ST: Rhode Island, Bermuda, Canada

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

NEC Financial Services Selects eCredit to Drive Credit Automation


- nFusion(R) Chosen as Strongest Competitive Offering for Business
Technology

Leasing and Financing Company -

DEDHAM, Mass / -- eCredit, the leading provider of Web-based credit
and collections automation applications, today announced that NEC
Financial Services, a subsidiary of NEC USA, Inc., has selected the
eCredit(R) nFusion(R) suite to automate its credit processes. As part
of a company wide initiative to improve service to its leasing
customers, NEC has chosen nFusion 4.0's integrated suite over a
combination of independent credit automation solutions from different
competitive software vendors.

As the subsidiary of NEC USA, Inc. responsible for customer financing
for NEC Group companies and affiliated third parties, NEC Financial will
meet a critical operational need by using nFusion to establish a
streamlined and efficient credit automation process both internally and
throughout its extensive dealer and distributor network. NEC
anticipates significant cost savings, not only by taking advantage of
nFusion's hosted model, but also by using nFusion to procure credit
data from multiple credit bureaus, and by leveraging process
automation capabilities to eliminate redundant and manual tasks.

"After an extensive survey of the market for credit automation
providers, we conducted an in-depth analysis of competitive offerings
and found that eCredit nFusion was the clear winner," said Herschel
Salan, General Manager, NEC Financial Services. "We were particularly
attracted by the potential benefits of nFusion's tight integration to our
back-end financial systems, and look forward to nFusion helping us
streamline our internal operations processes and provide improved
levels of service to our customer base, allowing us to increase our
sales and marketing reach."

nFusion will not only enable real-time risk management and credit line
assignments for NEC, but will also provide the company with in-depth
analysis capabilities that allow credit decisions to be based on the
most complete information available. This will ensure that nFusion
handles all credit requests efficiently and consistently, from lower
value transactions that can be fully automated, to high-value credit
applications that require thorough risk and portfolio analysis.

"Of critical importance to NEC and other vendors in the leasing space
is the ability to create business processes that can be audited and
replicated easily," said Jeff Dickerson, President of eCredit. "We are
extremely pleased that NEC has recognized the value that nFusion can
provide, helping automate credit processes and delivering outstanding
service to its customers."

About NEC Financial Services

NEC Financial Services, Inc., a wholly owned subsidiary of NEC USA,
Inc., was established in 1986 to offer financing services to NEC
Dealers and their customers in the United States. NEC Financial
Services delivers flexible leasing structures to customers nationwide.
With a staff of seasoned leasing professionals in a highly automated
office, NEC helps keep its customers on the cutting edge of leasing
innovation. For more information, please visit
http://www.neclease.com/.

About nFusion

eCredit nFusion is the most comprehensive Web-based credit and
collections automation suite of applications available today. The
nFusion suite offers credit and collections modules which can be
utilized by themselves, or in a completely integrated and seamless
environment. As a result, nFusion combines the power of credit
decision automation, portfolio and customer risk analysis, and scoring
with workflow management capabilities and collections automation
features to streamline the financial value chain. As the only solution
available today to truly integrate both collections and credit
functionality, nFusion offers breakthrough advancements to improve
business credit decision processes, reduce costs, optimize risk
exposure, improve revenues, reduce DSO, accelerate cash flow and
improve productivity.

About eCredit

Since 1993, eCredit has delivered credit risk management and
collections software and services to Fortune 1000 companies and
financial institutions. The Company improves credit and collections
decision-making practices to deliver process efficiencies, optimized risk
management, reduced operating costs, and increased revenues.
Included among the Company's customers are ChevronTexaco, Cisco,
CIT Group, Sun Microsystems, and Ryder System, Inc. Headquartered
in Dedham, Massachusetts, eCredit is an Internet Capital Group
(Nasdaq:ICGE) partner company with additional venture backing from
Apex Venture Partners and Sterling Venture Partners. For additional
information, visit eCredit on the Web at http://www.ecredit.com.

SOURCE eCredit

CO: eCredit; NEC Financial Services

ST: Massachusetts

SU:

Web site: http://www.ecredit.com

### Press Releae ###############################


Fitch Downgrades DVI Medical Equipment Securitizations


Fitch Ratings-Chicago- Fitch Ratings takes rating actions on the classes
of DVI, Inc. securities listed below. Additionally, all noted ratings are
removed from Rating Watch Negative. These rating actions affect 55
classes of notes in 9 transactions totaling $1.3 billion in securities.
Many of these classes were placed on Rating Watch Negative by Fitch
on May 20, 2004.

Fitch's actions are based on continued loan performance deterioration
as reflected in the servicer reports for the period ending April 30,
2004. While the rate of defaults has slowed, actual delinquency rates,
particularly later stage delinquencies, are higher than expected and
may result in defaults in excess of conservative expectations applied
by Fitch at the time of Fitch's March 5, 2004 rating actions. As of the
January 2004 reporting period, total delinquencies averaged
approximately 28% and delinquencies over 90 days averaged
approximately 12.0%. As of the April 2004 reporting period, total
delinquencies averaged approximately 27.4% and delinquencies over
90 days averaged approximately 15.4%.

Fitch has had discussions with U.S. Bancorp Portfolio Services (USBPS)
which replaced DVI, Inc. as servicer for each of the securitizations
under the terms of each transaction's Contribution and Servicing
Agreements in February 2004. While Fitch acknowledges the prior
experience of USBPS in taking over the servicing of distressed
portfolios, reduced collections efforts by DVI prior to the servicing
transition combined with the volume of leases that are currently
delinquent and in default have contributed to severe loan performance
deterioration. USBPS has dedicated substantial resources to collections
and work out activities on the portfolios, but Fitch expects that it will
be difficult to realize significant near- term improvements in
performance given the magnitude of loan performance deterioration.

Fitch will continue to closely monitor performance of the transactions,
will have regular contact with USBPS, and may raise, lower or
withdraw ratings as appropriate.

Contact: Joseph S. Tuczak +1-312-368-2083 or Du Trieu +1-312-368-
2091, Chicago.

### Press Release ##############################
---------------------------------------------------------------------------

Classified Ads---Help Wanted

  Accounting
Accounting: PricewaterhouseCoopers seeks executives with
experience in equipment leasing to help clients improve their
leasing businesses by assessing "as is" conditions and
designing and implementing solutions to operational issues.
PwC also seeks CPA's with a broad based knowledge of FAS13
and familiarity with accounting for leases with simple and
complex transaction structures.
 Email: anthony.g.anderson@us.pwc.com
About the Company: PricewaterhouseCoopers, New York, NY.

Accounting: Broker/Lessor looking for CFO/ Controller with a
solid accounting background.
Experience working in the Leasing industry a must. LeasePlus
knowledge is a plus.Email:
elang@nationwidefunding.com
About the Company: Nationwide Funding, Irvine, CA.


  Equipment Sales Representative

Equip. Leasing Sales Rep: Strong sales and bus. dev. skills
needed. Dev/manage portfolio, initiate bus. in upper Midwest .
3-4 yr leasing exp. www.associatedbank.com or e-mail:
abmil@associatedbank.com About the Company: Associated
Banc-Corp is a diversified multibank holding co., w/ $15.5
billion in total assets. Headquartered in Green Bay, WI .
Associated has more than 200 banking locations
across WI, IL and MN.


   Marketing Indirect Originator


MARKETING INDIRECT ORIGINATION:
New York. One of the largest ind. equip.lessors needs
motivated, self-starter to purchase single investor leases from
institutional investors; min.transaction $1 million; portfolio of
primarily investment grade lessees/good "story credits". Min 3
yrs exp. sourcing/ originating leasing transactions, knowledge
credit and pricing. E-mail: jobposting1@leasingnews.org

   Sales
Sales: Long Established West Coast Co., lessor/broker looking
to expand. Top commission/salary/bonus. Organized with
sales experience in small/mid size leases a necessity.
Home office OK. Experienced back office support.
Contact john@odysseyequipfinance.com
About the Company: www.odysseyequipfinance.com


Sales: Established 20-year full service lessor seeks sales
professional in small or mid ticket markets. Earn high
commissions, with benefits. Russ@pacifica-capital.com About
the Company:
www.pacifica-capital.com


--- to post a "Help Wanted" ad, please go to:

http://64.125.68.90/LeasingNews/PostingFormWanted.as


   News Briefs---

Crude Oil Rises After Saudi Attack Raises Concern About Supply
http://quote.bloomberg.com/apps/news?pid=71000001&refer=top_wo
rld_news&sid=aduLcWjbJPLA
Income gap linked to prices of houses
http://www.signonsandiego.com/news/business/20040530-1035-
incomegap.html

Meet Tim Russert - analyst, TV moderator and son of "Big Russ"
http://www.stltoday.com/stltoday/entertainment/stories.nsf/Entertain
ment/TV+%26+Radio/9B431206DC33552186256EA5007103E6?Open
Document&Headline=Meet+Tim+Russert+-
+analyst,+TV+moderator+and+son+of+%22Big+Rus

Oldest Person Dies at 114 in Puerto Rico
http://www.newsday.com/news/nationworld/wire/sns-ap-obit-oldest-
person,0,3280868,print.story?coll=sns-ap-nationworld-headlines

Civil War widow, final link to old Confederacy, dies
http://www.usatoday.com/news/nation/2004-05-31-war-widow_x.htm

-----------------------------------------------------------------------------
  Sports Briefs---

With Rush, Lakers Go To Finals
http://www.washingtonpost.com/wp-dyn/articles/A5211-
2004Jun1.html

By George, could Eagles have it?
http://www.nj.com/eagles/times/index.ssf?/base/columns-
0/1085818066260170.xml

Colts may fill NFL's L.A. void
http://www.tennessean.com/sports/titans/archives/04/05/52058077.s
html?Element_ID=52058077


A perfect 10/Bonds, Tucker homer as win streak continues
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/06/01/GIANTS.TMP

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

  “Gimme that Wine”


Family-owned company offers free Internet service to military
http://www.nctimes.com/articles/2004/06/01/news/californian/murriet
a/5_31_0420_49_37.txt

 “Gimme that Wine”

Protein in red wine can kill cancer cells
http://www.timesdispatch.com/servlet/Satellite?pagename=RTD%2FM
GArticle%2FRTD_BasicArticle&c=MGArticle&cid=1031775800328&path
=%21news%21localupdates&s=1045855935074

New York City Vineyard
http://www.winespectator.com/Wine/Daily/News/0,1145,2487,00.html

Tedeschi Vineyards debuts new blanc: Maui Wine
http://www.bizjournals.com/pacific/stories/2004/05/31/daily6.html

The Late Gil Nickel’s Far Niete Winery
http://www.usatoday.com/travel/destinations/2004-05-27-napa-
main_x.htm
At Wine Festival, Paso Robles Shows It Has Bounced Back From Quake
http://www.winespectator.com/Wine/Daily/News/0,1145,2488,00.html

Italian Street Painting Festival to be Held June 12-13 Mill Valley, Ca.
http://www.vino.com/press/press_release.asp?PRID=346

Marvin Shanken The Grand Tour Rolls Again
http://www.winespectator.com/Wine/Daily/News/0,1145,2471,00.html

Harper’s Interview Rubicon Larry Stone, Wine director, Rubicon, SF
http://www.harpers-wine.com/featuresitem.cfm?featureID=171

California Supreme Court Hears Case on Use of ‘Napa’ in Wine Names
http://www.winespectator.com/Wine/Daily/News/0,1145,2489,00.html

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

  This Day in American History

   National Rose Month: To recognize American-grown roses, our national floral
emblem America’s favorite flower is grown in all 50 states and more than 1.2
billion fresh cut roses are sold at retail each year. For info: www.rosesinc.org
    1540-The first settlement in America in continuous habitation is the mountain
village of Acoma, NM. First settled in the 11th century by Indians from nearby
Enchanted Mesa. Francisco Vaques de Coronado's army visited Acoma in the year
1540 and became the first white man to enter Sky City. He described Acoma as:
"One of the strongest ever seen, because the city was built on a high rock. The
ascent was so difficult that we repented climbing to the top. The houses are three
and four stories high. The people are of the same type as those in the province of
Cibola (Zuni) and they have abundant supplies of maize, beans and turkeys like
those of New Spain"
http://www.puebloofacoma.org/index2.htm
     1586 - After a surprise raid on the village the night before, Ralph Lane and
English garrison murder the Indian chief Pemisapan, behead and mutilate his
corpse, announcing "Christ our Victory" as they lay siege to Dasemunkepeac. This
was in retaliation to
Pemisapan trying to organize the Indians against the European way of life.
When Sir Walter Raleigh returns to the area, he finds the white settlement has
“vanished.” They state in their journals they don’t know why. Other patriot chiefs
such as King Phillip, Pontiac, Tecumseh, Sitting bull, et al, will suffer similar
fates, as the pattern is set. The citing of journals that follow are fascinating.
The Indian population of what was to become the U.S. was about 1,000,000 when
European exploration began. Pioneer groups of European colonists were small.
They entered regions with sparser populations and more fluid cultures, bringing
with them diseases unknown to the area, perhaps the main killer of the Indian
population. In retrospect, the first decade of the seventh century was the twilight
of aboriginal Indian life.
http://www.nps.gov/fora/teacher.htm
http://homepages.rootsweb.com/~jmack/algonqin/mook3.htm
     1638- the first earthquake in the US to have been recorded and described in
writing occurred at Plymouth, MA, at 2 PM. Governor William Bradford
described the event in his History: ... it was very terrible for ye time; and as ye
men were set talking in ye house, some women and others were without ye doors,
and ye earth shooke with ye violence as they could not stand without catching hold
of ye posts . . . but ye violence lasted not long. And about halfe an hower, or less,
came an other noyse & shaking, but neither so loud nor strong as ye former, but
quickly passed over, and so it ceased.”
      1660- Mary Dyer, American colonial-British Quaker convert whose
conscience forced her back to Boston in spite of official warnings. There she was
arrested for teaching a religious belief other than those approved by the Puritan
church leaders
and hanged this day. While the history books state religious groups came to
American to escape persecution, quite the opposite is true. They came here
as missionaries to reform the American Indians and did not accept religious
practices except their own. Mary Dyer was executed under the strict anti- Quaker
laws enacted by the very same people who came to the "New World" for religious
freedom. Dyer's hanging was not part of the witchcraft panic that gripped Salem,
Massachusetts later.
http://www.geocities.com/Heartland/Valley/2822/marydyer.html
http://www.gale.com/free_resources/whm/trials/dyer.htm
       1792- Kentucky became the 15th State of the Union. Since its name is an
American Indian word for "great meadow", it is fitting that Kentucky’s nickname
is the Bluegrass State, and its flower is the goldenrod. The official state bird is the
cardinal. The capital of Kentucky is the city of Frankfort.
       1796 - Tennessee joined the United States of America on this day. Long
before it officially became the 16th state, Tennessee had already begun to earn its
nickname, the Volunteer State, as it sent large numbers of volunteers to fight in the
American Revolution. The tradition continued for the War of 1812, the Mexican
War and the Civil War. The country-music capital of the world, Nashville, is also
the governmental capital of Tennessee. The state’s official flower is the iris, its
bird, the mockingbird.
       1801, Bringham Young, Mormon church leader born at Whittingham, VT.
Known as “the American Moses,” having led thousands of religious followers
across 1,000 miles of wilderness to settle more than 300 towns in the West. He
died at Salt Lake City, UT, Aug 29, 1877, and was survived by 17 wives and 47
children. Utah observes, as a state holiday, the anniversary of his entrance into the
Salt Lake Valley, July 24, 1847.
       1843-Sojourner Truth begins travel as abolitionist speaker.
http://www.lkwdpl.org/wihohio/trut-soj.htm
http://www.geocities.com/Athens/Oracle/9840/sojourn.html
http://www.noho.com/sojourner/
       1860-The first census compiled by machines was the 1890 census, which
recorded a population of 62,979,766. According to the U.S. Bureau of the Census,
the resident population of the United States, projected to 5/29/2004 at 3:48:56 PM
EDT is
293,364,634COMPONENT SETTINGS
        One birth every.................................. 8 seconds
        One death every.................................. 12 seconds
        One international migrant (net) every............ 25 seconds
        Net gain of one person every..................... 12 seconds
Historic Census by Year
http://eire.census.gov/popest/archives/pre1980/popclockest.txt
       1861- John Quincy Marr of Warrenton, VA, commander of the Warrenton
Rifle Guards ( designated Company K of the 17th Virginia Infantry Regiment )
was the first Confederate officer killed in the Civil War; in a skirmish at Fairfax
Court House, VA. Marr was actually a lieutenant colonel, having been
commission on May 2, 1861, but his letter of commission from Governor John
Letcher had not been delivered to him.
  1862—General Robert E. Lee was appointed commander of the Confederate
Army of Northern Virginia.
     1898- Molly Picon birthday: U.S. actor and singer, the star of New York
Yiddish theater. Known as the Sweetheart of Second Avenue, she projected a
light, charming character with a great sense of humor.
http://www.jwa.org/exhibits/wov/picon/index.html
http://www.jwa.org/archive/picon/mpcl.html
http://us.imdb.com/name/nm0682000/
     1899-The annual parade of "New York's Finest" was filmed on June 1, 1899 in
Union Square.
         http://memory.loc.gov/ammem/today/jun01.html
    1901-The first motorcycle powered by a gasoline engine was demonstrated
in a climbing hill exhibition. The first motorcycle with a built-in gasoline engine
was manufactured in Springfield, MA, by George M. Hendee, who formed the
Hendee Manufacturing Company, which began to market the Indian motorcycle.
Previously, motorcycles had been ordinary bicycles to which motors were
attached. Three motorcycles were built in 1901. The following year, production
was increased to 143. The motors were made by the Aurora Machine Company,
Auroa, IL, and were mounted to the motorcycle frames in Springfield.
    1908 - John Krohn decided to take a walk around the United States - with his
wheelbarrow! He completed the walk around the perimeter of the U.S. in 357
days. He walked 9,024 miles, went through 11 pair of shoes, 112 pair of socks,
five wheels for his trusty wheelbarrow and never walked on Sunday.
    1911- the first life insurance group policy was written for 121 employees of the
Pantasote Leather Company of Passaic, NJ, by agent William J. Graham of the
Equitable Life Assurance Society. Each employee was given insurance protection
amounting to a year’s salary and a funeral benefit of $100.
  1915- country singer Johnny Bond was born in Enville, Oklahoma. He is best
known as the composer of "Hot Rod Lincoln," a hit for both Bond and Charlie
Ryan in 1960, and for Commander Cody and the Lost Planet Airmen in 1970.
Bond also appeared in more than 50 movies. And in the less-enlightened days of
the 1950's and '60s, he wrote a series of comic songs about drunkenness, the most
famous of which is "10 Little Bottles." Bond died of a heart attack on June 12th,
1978.
1919-Birthday of singer/pianist Lafayette Leake, Winona, MS
http://mp3.com/artists/78507/summary.html
http://www.artistdirect.com/music/artist/card/0,,457357,00.html
http://www.joes-corner.de/dawkins/disco/dawkins_rec82.htm
http://community-2.webtv.net/W-Media-Player/BLUESPIANOGREATS/
   1903 - A strong tornado just 50 to 75 yards in width killed many persons around
the Gainesville GA Cotton Mill. The tornado strengthened and widened near the
end of its four mile path, killing 40 persons at New Holland GA. A total of 104
persons were killed in the tornado.
   1920--WEB DuBois, civil right activist and educator, awarded Spingarn Medal,
http://or.essortment.com/springarnmedal_rlwp.htm
http://www.wlib.com/BlackHistory.htm
No. 27 here: http://or.essortment.com/springarnmedal_rlwp.htm
   1921 -- More than 300 killed in race riot in Tulsa, Oklahoma. The black
community of Greenwood is destroyed by a white mob, who murdered many &
burned down nearly the entire area, destroying over 1,000 homes & businesses in
a 35 block area. No one was ever charged with any wrongdoing, no reparations
were ever made and accounts of the riot were literally cut out of the newspaper
archives as Tulsa (read "white" Tulsa) tried to erase accounts & memories of the
events...
http://www.forgottenhistory.org/exhibits/tulsa.html
http://www.lib.utulsa.edu/speccoll/tulsa_race_riot.htm
  1921- composer and arranger Nelson Riddle was born in Ordell, New Jersey.
Well-known as an orchestrator for such singers as Frank Sinatra and Linda
Ronstadt, Riddle also had several hits under his own name, including the 1956
million seller "Lisbon Antigua." He died on October 6th, 1985.
    1922 Birth of Ray Knighton, who in 1954 founded the Medical Assistance
Program (MAP International) in Chicago.
    1924-Alto-Clarinet player Hal McKusick born Medford, Mass.
http://www.mmguide.musicmatch.com/artist/artist.cgi?ARTISTID=600294&TMP
L=LONG#bio
http://www.fantasyjazz.com/catalog/mckusick_h_cat.html
   1924---Birthday of drummer Herbie Lovelle, New York City, NY
   1926-Marilyn Monroe’s birthday, American actress and sex symbol of the '50s,
born at Los Angeles as Norma Jean Mortensen or Baker. She had an unstable
childhood in a series of orphanages and foster homes. Her film career came to
epitomize Hollywood glamour. In 1954 she wed Yankee legend "Jolting Joe"
DiMaggio, but the marriage didn't last. Monroe remained fragile and insecure,
tormented by the pressures of Hollywood life. Her death from an overdose Aug 5,
1962, at Los Angeles shocked the world. Among her films: The Seven Year Itch,
Bus Stop, Some Like It Hot, Gentlemen Prefer Blondes and The Misfits.
   http://www.ellensplace.net/marilyn.html
   1934-Singer Pat Boone birthday, considered the second most popular
singer in the 50’s, after Elvis Presely. Also an actor (State Fair), author, born
Jacksonville, FL. At his peak in the late 1950's, Boone was considered a rock 'n'
roller, a sort of sanitized, parent approved alternative to Elvis Presley. The first of
his more than 50 chart records came in 1955 a cover version of Fats Domino's
"Ain't That a Shame." Boone's record went to number one while Domino's version
made it only to number 16. Pat Boone became one of the all time biggest selling
pop singers, and from 1957 to 1960 had his own network television series. His
daughter, Debby Boone, had a number one record in 1977 with "You Light Up My
Life."
http://home.att.net/~boomers.fifties.pinups/page7.html
http://www.tsimon.com/boone.htm
    1936-Brithday of Sandra Scoppetone, U.S. writer of mysteries featuring Lauren
Laureno, Lesbian private eye who has a wonderful view of New York City.
Her conversations with the natives are priceless.
http://www.imt.net/~gedison/scoppett.html
http://www.xs4all.nl/~embden11/Engels2/scoppetone.htm
http://www.amazon.com/exec/obidos/tg/detail/-/0316776483/102-7693729-
8155316?v=glance
http://encarta.msn.com/text_761559994___10/Detective_Story.html
http://www.thrillingdetective.com/trivia/triv140.html
    1938 - The first issue of the comic book "Superman" appeared in news stands
throughout the country. "Superman" was created by two teenagers: Jerome Siegel
and Joseph Shuster. Originally a newspaper comic strip, Superman was changed to
a booklet format to immediate acclaim. It became a movie and one of the first
television series hits. The story idea came from Jerry Siegel in a dream he had
about the baby, Moses, who was abandoned by his parents in order that his life be
saved. This dream prompted Siegel's creation of the ‘Man of Steel’. Artist Joe
Shuster made the comic book hero come alive. The first story, in this first issue,
took place on the planet, Krypton, where baby Kal-El was born. The infant was
shot to Earth in a rocket just before Krypton exploded.
   1938 - Batters wore protective baseball helmets for the first time. Helmets were
brought into use in a game between the Springfield Greys and the House of David
in New York City.
  1944---Top Hits
Long Ago and Far Away - Helen Forrest & Dick Haymes
I’ll Get By - The Harry James Orchestra (vocal: Dick Haymes)
I’ll Be Seeing You - The Tommy Dorsey Orchestra (vocal: Frank Sinatra)
Straighten Up and Fly Right - King Cole Trio
   1947- guitarist Ron Wood of the Rolling Stones was born in London. A veteran
of the Jeff Beck Group and Faces, Wood was chosen by the Stones to replace
Mick Taylor in 1974. Wood was also a member of Keith Richards's New
Barbarians, the group that shared billing with the Rolling Stones at a free concert
for the blind in Oshawa, Ontario in April 1979. The concert was in lieu of a jail
sentence for Richards, who had been convicted of possession of heroin.
     1949 - Subscribers to "Newsweek" magazine were offered microfilm copies of
the magazine for the first time. The weekly publication cost $15 a year.
1950—birthday of singer Charlene (CHARLENE D'ANGELO) Hollywood, Ca.
http://www.imdb.com/name/nm0152965/
http://shopping.yahoo.com/p_charlene_artist_1927012792;_ylt=Aigw8fFcuX290
VsHKd2ruNdUvQcF;_ylu=X3oDMTBudjI1N2xwBF9zAzg0MzkzMzAwBHNlY
wNhcnRmZWF0?a=b
http://www.westword.com/extra/jukebox/bh10-17.html
    1952---Top Hits
Kiss of Fire - Georgia Gibbs
Blue Tango - The Leroy Anderson Orchestra
Be Anything - Eddy Howard
The Wild Side of Life - Hank Thompson
    1957- at the Pacific Amateur Athletic Union Meet at Stockton, CA,
Don Bowden of the University of California became the first American to break
the four minute mile ( 3 minutes 57.7 seconds )
  1959 - Columbia Records' "Johnny's Greatest Hits" celebrated a full year at the
top of the album charts. The LP continued to stay at or near the top of the charts
for several more years. The album became the album leader of all-time after 490
weeks. Johnny Mathis went on to have an LP on the charts nearly every year for
over three decades.
  1960- The popular and enigmatic British mini-series, "The Prisoner," aired for
the first time in US television. Starring Patrick McGoohan as a secret agent held
against his will in a remote, controlled environment known as the Village, "The
Prisoner" was one of TV's most imaginative series. In both the US and England,
The Prisoner became an instant cult series. "The Prisoner" was one of the most
imaginative shows on TV, regarded by some as the finest dramatic series in TV
history. Patrick McGoohan, who produced and starred in the series, also wrote and
directed some episodes. In the series, McGoohan found himself in a self-contained
community known as "the village" where he was referred to, not by name, but as
Number 6. Number 6 realized he was a prisoner, and spent most of the series
trying to escape or to learn the identity of the leader, Number 1. In the last
episode, he learned that he was Number 1.
  1960-The first parking meter enforcement division of a police department was
appointed by Mayor Robert F. Wagner of New York Ci9ty. The “meter maids”
underwent about two weeks of training and received salaries ranging from $3,150
to $4,830 a year. The first summons was issued on June 6, 1960.
     1960---Top Hits
Cathy’s Clown - The Everly Brothers
He’ll Have to Stay - Jeanne Black
Paper Roses - Anita Bryant
Please Help Me, I’m Falling - Hank Locklin
     1963 -- 531, including NAACP Executive Secretary Roy Wilkins, arrested at a
peaceful civil rights march in Jackson, Mississippi.
    1964 - Leslie Gore's hit single, It's My Party, rose to the Number 1 spot on
Billboard's record charts on this date, and stayed there for 2 weeks. Gore was just
17 when she recorded the song, and she became one of the youngest solo female
artists in music history to top the charts (1963). The Rolling Stones landed at JFK
International Airport in New York for their first U.S. tour, which began the next
day at the Manning Bowl, a high-school football stadium in Lynn, Massachusetts.
     1964- the Rolling Stones arrived in New York to begin their first American
tour. Their first date was at a high school stadium in Lynn, Massachusetts. The
Stones also stopped in Chicago to record an EP at the Chess studios, and when
they tried to hold a news conference, a riot broke out.
     1966 -- June 1-2, White House Conference on Civil Rights with Roy Wilkins
of NAACP; Whitney Young Jr. of National Urban League;
Floyd McKissick & James Farmer of CORE; Martin Luther King Jr. of SCLC;
Stokely Carmichael of SNCC ("We feel that integration is irrelevant. We have got
to go after political power.").
    1967 - "Sgt. Pepper’s Lonely Hearts Club Band" was released by The Beatles
in England. The North American release came two days later. "Sgt. Pepper's"
became one of the first rock albums to be critically-acclaimed, and went on to
become the number one album in the world. It spent 15 weeks at the top of the
album list in the United States It took 700 hours over three months to record
under the direction of George Martin, Britain's top pop producer. A then state-of-
the-art four track recorder was used to build each song layer by layer. The cost of
recording - $75,000. "Sergeant Pepper's" wide range of styles and sounds and its
use of electronic noises ushered in the psychedelic era. Some of its songs, such as
"Lucy in the Sky With Diamonds" and "A Day in the Life" were carefully
examined for hidden meanings. The album is estimated to have sold more than 15
million copies, and stayed on the Billboard chart for 113 weeks. On June 1st,
1987, 20 years to the day after it originally came out, the compact disc version of
"Sergeant Pepper's" was released. The CD contained what some might consider a
bonus - a two-second burst of laughter and gibberish which had only been
available previously on European versions of the album, and a high frequency note
at the end of the LP audible only to dogs.
  1968- Simon and Garfunkel reached the top of the US charts with "Mrs.
Robinson," a song featured in the soundtrack of the film "The Graduate." The song
won a Grammy Award for the Best Contemporary Pop Performance by a Vocal
Duo or Group.
     1968---Top Hits
Mrs. Robinson - Simon & Garfunkel
The Good, the Bad and the Ugly - Hugo Montenegro
Yummy Yummy Yummy - Ohio Express
Honey - Bobby Goldsboro
     1973-The James Bond thriller, "Live and Let Die" opens. The movie features
the title track by Paul McCartney and Wings.
    1974-Heimlick Maneuver introduced: the June issue of the journal Emergency
Medicine published an article by Dr. Henry Heimlich, outlining a better method of
aiding choking victims. Instead of prevailing method of backslaps ( which merely
pushed foreign objects further into the airways), Dr. Heimlick advocated
“subdiaphragmatic pressure” to force objects out. Three months later the method
was dubbed, the Hemlich Maneuver” by the Journal of the American Medical
Association.
     1974-Birthday of Alanis Morissette, Ottawa, Ontario
http://www.alanis-morissette.com/biography.html
http://www.alanis.com/socalledchaos/socalledchaos.html
http://www.canehdian.com/artistlinks/artists/alanis.html
    1975 - Nolan Ryan of the California Angels threw his fourth career no-hitter
game with a 1-0 win over the Baltimore Orioles. As a result, Ryan tied the major
league baseball no-hit record.
     1976---Top Hits
Love Hangover - Diana Ross
Get Up and Boogie (That’s Right) - Silver Convention
Misty Blue - Dorthy Moore
One Piece at a Time - Johnny Cash
    1980-, CNN debuted, the Cable News Network, TV’s first all-news services
went on air.
    1980 - A man from Falmouth ME was struck by lightning restoring his
eyesight. The man had been blind and partially deaf since a truck accident in 1971
   1984---Top Hits
Let’s Hear It for the Boy - Deniece Williams
Time After Time - Cyndi Lauper
Oh Sherrie - Steve Perry
As Long as I’m Rockin’ with You - John Conlee
    1987-Niekro Brothers the Winninest. Phil Niekro pitched the Cleveland
Indians to a 9-6 victory over the Detroit Tigers to put himself and his brother Joe
into the lead as the winningest brothers in major-league pitching history. Their
530 combined victories surpassed Gaylord and Jim Perry. The Niekros ended
their careers with 539 wins, 318 by Phil and 221 by Joe.
   1989 - Thunderstorms developing during the afternoon over the Southern Plains
Region produced severe weather through the evening and the night, spawning nine
tornadoes. Thunderstorms produced wind gusts to 80 mph at Alpine TX, and
baseball size hail at Balmorhea, TX, Fluvanna, TX, and in Borden County, TX
    1990 - U.S. President George Bush and Soviet President Mikhail Gorbachev
signed a bilateral agreement to stop producing chemical arms and to begin
destroying stocks by the end of 1992.
    1995- Joe Garagiola Jr. is named as the Diamondbacks first general manager.
    1997-Canadian sprinter Donovan Bailey won a special 150-meter match race
against American Michael Johnson to reassert his claim to the title of the “World’s
Faster Human.” After Bailey had won the 100 meters at the 1996 Summer
Olympics and Johnson had won the 2200 meters and the 400 meters, the two
engaged in a nasty bragging-rights battle. This special race was supposed to put
an end to their flap. But the race in Toronto proved inconclusive as Johnson, well
behind at the halfway point, pulled up short, claiming that he had injured his left
quadriceps.

   Stanley Cup Champions This Date

1992 Pittsburgh Penguins

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


      Baseball Poem

Three Run Homers, or, Rupert Brooke Celebrates Baseball

I think that I shall never see
A poem lovely as a three
Run homer when the team is pressed
Against the wall and quite distressed,
A homer that may at evening scare
A nighthawk circling in the air,
Or, 'neath the arc lights blazing bright,
Restore the score and set things right,
Rescue the pitcher and save the game,
And set the home team crowd aflame:
Poems are made by fools like me,
But only heroes knock in three.


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

				
DOCUMENT INFO
Categories:
Tags:
Stats:
views:17
posted:5/15/2012
language:
pages:35